Hotspots: PPP and the windward-related concept stocks are particularly eye-catching

Investment adviser perfect ending Masters in the first quarter of Chen Yulong cattle traders concerned a plate leading shares

PPP concept stocks shine, driving environmental protection, gardening, engineering construction, water conservancy and other related strengths. On the news front, analysts said that the energy conservation and environmental protection sector has been frequently changed in the near future, mainly including the following three major catalysts. First, the policy is positive and positive; Second, the PPP project is welcoming the accelerated development period, and environmental protection is one of the areas where PPP projects are clustered. Greatly increase the performance of listed companies; Third, the Hangzhou G20 summit is gradually approaching, and the environmental protection sector is heating up.

What is PPP?

PPP (Public-Private Partnership), a public-private partnership model, is a project financing model in public infrastructure. Under this model, private companies, private capital and the government are encouraged to cooperate and participate in the construction of public infrastructure.

Benefits of PPP mode

(1) Eliminating overspending of government expenses and reducing financial burdens;

(2) Promoting the diversification of investment entities;

(3) Government departments and the private sector can learn from each other's strengths and make full use of the respective advantages of government public institutions and private institutions to make up for the shortcomings of the other party.

Development status

From the perspective of industry distribution, PPP projects are mainly concentrated in infrastructure projects such as municipal engineering and transportation. Among the 105 demonstration projects of the Ministry of Finance, 54 municipal engineering projects accounted for 51%; 9 ecological construction and environmental protection, accounting for 9%; 8 transportations, accounting for 8%; and 8 water conservancy projects, accounting for 8%. . Among all the PPP projects that were put into storage, the number of projects and investment in the three projects of municipal engineering, transportation and district development ranked the top three, accounting for 53.1% and 67.2% of the total number of warehousing projects and total investment respectively.

Market analysis

Southwest Securities 600369, BUY, says that the recent market attention on PPP continuously improve national policies frequently, PPP project report, the number of storage, the project ground to a significant rate of growth, environmental protection sector project a larger proportion. The increase in PPP projects will boost the orders of environmental protection companies, promote the growth of environmental protection enterprises, and continue to drive the development of environmental protection industry in the medium and long term, focusing on stocks with abundant orders, technical advantages and strong financial strength.

Industrial Securities 601377, buy that since the Ministry of Finance released the second quarterly PPP project, the recent sharp rise the market's attention on the PPP. The second quarter PPP quarterly report of the Ministry of Finance has shown that the scale of PPP projects has grown rapidly this year. From the high-frequency data, the growth rate did not slow down in the third quarter. From June to mid-August, the average size of PPP increased by about 1 trillion/month. In terms of provinces and cities, PPP projects are gradually becoming more balanced between regions. In the provinces with the highest proportion of projects in the second quarter, Guizhou, Shandong, Henan and Yunnan, the recent proportions have declined to varying degrees. In terms of industry, roads are the most obvious industry in terms of recent projects; transportation and municipal industries are the main players of PPP, accounting for more than 50% of the total. Industrial Securities also reminded that with the expansion of PPP projects, the proportion of government-initiated and government-paid projects is also rising, and it is necessary to be careful about the regulatory risks caused by the invisible government debt.

Bohai Securities believes that the overall valuation of the current environmental protection sector is relatively high in the near future, and the pressure has increased. In the current market risk appetite, the environmental protection sector continues to maintain a cautious operational perspective. From the perspective of industry development trends, with the further improvement of the top-level design of environmental protection, the successive introduction of supporting policies and measures, the acceleration of the reform of the basic system of environmental governance, the continuous strengthening of regulatory enforcement, and the effective promotion of innovative business models, During the five-year period, the environmental protection industry as a whole will continue to have a high degree of prosperity. A platform-based company with perfect industrial chain layout and strong resource integration capability is expected to rely on comprehensive competitive advantage, love the base, net worth, and information to seize more market share in the development of the industry, accelerate bigger and stronger and achieve sustainable growth.

PPP concept stock list

1. Eco-friendly

Oriental Garden 002310, Buy : PPP Project of Mashan Ecological New District, Xiangdong District, Pingxiang City

Pubang Garden 002663, BUY : PPP project of Baima Lake Forest Park Project in Huai'an City

Meichen Technology 300237, BUY : Signed a strategic cooperation agreement with Kangda Environmental

Annoqi 300067, BUY : PPP cooperative construction and operation project of 20000t/d industrial wastewater treatment plant in Beigou Industrial Zone, Penglai City

Baan Water Affairs 300262, Buy : PPP Project for Ecological Protection and Comprehensive Utilization of Lushan Mountain Scenic Area

Baode Shares 300023, BUY : PPP project of industrial sewage centralized treatment project in Hulan Town Industrial Cluster

Bohai Co., Ltd. 000605, BUY : Shahe Sewage Treatment PPP Project

High-energy environment 603588, BUY : Comprehensive waste treatment PPP project of Fuyang City Vein Industrial Park

Keying Environment 300152, Buy : Liaocheng Energy Conservation and Emission Reduction Fiscal Policy Comprehensive Demonstration City PPP Cooperation Construction Project

Li Peng Share 002374, Buy : Jinqiao Lake Urban Infrastructure and Ecological Restoration Construction (PPP) Project, Bazhou District, Bazhong City

Mengcao Ecology 300355, BUY : The company and the Alashan Ulanbu and Sha Industry Demonstration Zone Management Committee are in accordance with their respective shareholding ratios. Inner Mongolia Mengcao Alashan Ecological Investment Co., Ltd.

Wanbangda 300055, BUY : Ulan Qab Municipal Government PPP Project

Xianhe Environmental Protection 300137, Buy : Comprehensive Management of VOCs Pollution in People's Packaging and Printing Industry in Xiongxian County, Hebei Province

Modern Investment 000900, Buy : Subsidiary Modern Environment Signs Five PPP Environmental Protection Projects in Jilin and Hunan

Industrial Technology 002674, BUY: Quanzhou state-owned assets and investment management company jointly set up Fujian Industrial DJEC 002,672, to buy Technology Co., Ltd. invested in this project

Yuanda Environmental Protection 600292, Buy : Guixi Energy Comprehensive Management Project Cooperation Agreement.

Yuntou Ecology 002200, Buy : Tonghai County “Mountain, City, Lake” Regional Eco-tourism Complex Project

Rectangular Group 300301, Buy : Lighting Energy Saving Service Project Based on PPP Mode

Anhui Water Conservancy 600502, Buy : “G107 Fuyang City Ring Road, Puyang City Zhushi to Zheqiao Road Construction Project (PPP Mode)

Bishuiyuan 300070, Buy : Participate in Yunshang Water Industry Investment Development Co., Ltd.

Boschke 300422, BUY : PPP project of Wulongchong Reservoir centralized water supply project

Daxie Water Savings 300021, BUY : On July 13, 2016, the company announced the signing of an investment agreement for the Yunnan Piao Project for efficient water-saving irrigation.

Xingyuan Environment 300266, Buy : Comprehensive Management of Water Environment in Lingbi County, Anhui Province

2. Municipal Engineering

Da Shi Smart 002421, Buy : Huainan Smart City People's Livelihood Construction (Smart Health) PPP Project

Fuhuang Steel Structure 002743, BUY : PPP Mode II Section Project of New Road and Water Supply and Drainage Project, Ecological Textile R&D Center and SME Incubation Park Project of Ningxia Eco-Textile Industry Demonstration Park

Gao Xinxing 300098, Buy : Ningxiang County Smart City PPP Project

Gezhouba 600068, BUY : Guiyang Comprehensive Bonded Zone Construction Project

Guangdong Pearl 600382, Buy : First-level land development and some public facilities construction projects in the first phase of Xingning City Southern New City

Huaxi Energy 002630, Buy : PPP project of the first phase of the ecological demonstration zone in the eastern city of Zigong City"

Longyuan Construction 600491, BUY : PPP project for the reconstruction of Chengdong to Beifeng Expressway and shanty towns (stone structure houses) on both sides

Meishang Ecology 300495, Buy : Wuxi Guzhuang Ecological Agriculture Science and Technology Park PPP Project, Yuxi River River Control and Landscape Trail Construction Project and 12 Basins and Mountain Parks Group Construction Project

Nachuan shares 300198, BUY : Anxian Water and supporting pipe network and "Sponge City" PPP project

Nanwei Software 603636, Buy : Smart City Integrated Management Platform R&D and PPP Project, Electronic License Sharing Service Platform Construction Project, Big Data Processing and Development Platform Project and Beijing Operation Center Construction

Enlighten Sander 000826, Buy : PPP project of municipal infrastructure renovation project in Haibowan District, Wuhai City

Shanghai Construction Engineering 600170, BUY : PPP project for infrastructure investment and construction in Binjiang New District, Dujiangyan City

Tiehan Ecology 300197, BUY : PPP Government Purchase Service Project for the renovation of Meixian New Town shantytown and related ancillary projects

Tongfang shares 600100, BUY : PPP project of sponge city construction in Qian'an City

Waihai shares 002586, BUY : Ninghai Smart Car Town Infrastructure PPP Project

Product Zhongda 600704, Buy : Jinhua City People's Hospital PPP Project

Guangdong Hydropower 002060, Buy : PPP project of municipal infrastructure construction in Shiqiao area, Huiyang District, Huizhou City

Zhenhua Heavy Industry 600320, BUY : PPP project of the embracing harbor basin in Lusigang District, Jiangsu Qidong

China Construction 601668, BUY : Signed a strategic cooperation framework agreement with Fengtai District, Beijing, and adopted PPP and other operational models for major construction projects.

CITIC Bank 601998, Buy : CITIC Bank is the first commercial bank to provide financing for the Ministry of Finance PPP model demonstration project

Palm Co., Ltd. 002431, BUY : The second phase of Shahe River Development in Luohe City

Guotong Stock Company 002205, BUY : PPP project of underground comprehensive pipe gallery and supporting facilities construction project (Phase I) of Hebei Wangdu Economic Development Zone

Huakong SEG 000068, Buy : PPP Project of Sponge City Construction in Qian'an City

3. Traffic construction

Chengdu Luqiao 002628, BUY : Fast Track PPP Project

Guodian NARI 600406, BUY : Nanjing Ninghe City Rail

Sichuan Road and Bridge 600039, Buy : Jiang Xigu Expressway BOT Project

Su Jiaoke 300284, BUY : Guizhou PPP Industry Investment Fund

Tenda construction 600512, buy : political public works (general contracting special qualification) and road, bridge engineering (general contracting level 1 qualification) construction

China Jiaotong Construction 601800, Buy : Fujian Province Large-scale Urban Complex Development and Construction Project

China Railway Construction 601186, BUY : Beijing Xingyan Expressway Government and Social Capital Cooperation (PPP) Project, Xiamen Xiang'an New Airport Area Underground Integrated Pipe Gallery PPP Project

China Railway Group 601390, BUY : Participating in the PPP project along the Nanjing Metro Line 1 project

4, medical

Yangpu Medical 300030, Buy : PPP project for grading diagnosis and treatment in Zhangzhou area, including the PPP project of the Third People's Hospital of Cangzhou City and the overall relocation (PPP) project of Yizhang County Chinese Medicine Hospital.

5. Education

Li Sichen 300010, BUY : Signed the “Cooperative Framework Agreement” with Beijing Zhonghua Vocational Education and Training Center, and jointly built a comprehensive education service platform for vocational education with PPP mode.