Market review: last week (1.24-1.28), the CSI 300 index fell 4.51% and the computer index fell 9.56%.
Zhou viewpoint: continue to layout the computer sector
(1) in terms of sector valuation and fund allocation ratio, the pe-ttm of computer sector was 49.13 times on January 28, 57.27 times lower than the average value in the past five years; In terms of positions, according to our calculation, the allocation proportion of Q4 fund to the computer sector in 2021 was 2.71%, down 0.19 percentage points from Q3, also at a historical low, and the allocation value of the computer sector was prominent.
(2) digital economy is expected to drive the recovery of the sector. On January 12, 2022, the State Council issued the “14th five year plan” for the development of digital economy, which aims that the added value of core industries of digital economy will account for 10% of GDP in 2025. Digital economy involves digital infrastructure, industrial Internet, network security, digital government and other aspects, and the computer sector benefits directly. Under the policy catalysis, the digital economy is expected to drive the recovery of the computer sector. It is suggested to actively grasp it.
(3) actively grasp the investment opportunities of high boom track
Several sub tracks showed high prosperity: (1) industrial Internet: the market is broad, and the domestic catalytic industry has accelerated development; (2) Financial it: high certainty, benefiting from digital transformation and financial information innovation; (3) Industry Xinchuang: it has broad space and is expected to accelerate its start-up; (4) Intelligent Internet connected vehicles: “electric, intelligent and Internet connected” accelerate the penetration and drive the reconstruction of industrial value chain; (5) Energy it: usher in historic opportunities under the trend of carbon neutrality; (6) Military yuancosmos: the penetration rate has increased rapidly, and the downstream market is booming; (7) Medical it: new demands for public health, medical insurance and internet medical care continue to be released; (8) Network security: the industry is growing rapidly, focusing on marginal changes.
Investment advice
(1) industrial Internet: recommend Beijing United Information Technology Co.Ltd(603613) , Yonyou Network Technology Co.Ltd(600588) , Zhejiang Supcon Technology Co.Ltd(688777) , Zwsoft Co.Ltd(Guangzhou)(688083) , Glodon Company Limited(002410) , Beijing Kingsoft Office Software Inc(688111) , Inspur Electronic Information Industry Co.Ltd(000977) , Kingdee International, Digiwin Software Co.Ltd(300378) , Shanghai Baosight Software Co.Ltd(600845) , Guangzhou Sie Consulting Co.Ltd(300687) , Shenzhen Huaqiang Industry Co.Ltd(000062) , Longshine Technology Group Co.Ltd(300682) , etc.
(2) financial it: recommend Northking Information Technology Co.Ltd(002987) , Hundsun Technologies Inc(600570) , Fujian Apex Software Co.Ltd(603383) , Shenzhen Fortune Trend Technology Co.Ltd(688318) , and the beneficiary objects include Sinosoft Co.Ltd(603927) , Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) , Global Infotech Co.Ltd(300465) , Tansun Technology Co.Ltd(300872) .
(3) industry Xinchuang: recommend Dawning Information Industry Co.Ltd(603019) , Pansoft Company Limitid(300996) , Beijing Kingsoft Office Software Inc(688111) , China Greatwall Technology Group Co.Ltd(000066) , Beijing Seeyon Internet Software Corp(688369) , Shanghai Weaver Network Co.Ltd(603039) , and benefit targets include Digital China Group Co.Ltd(000034) , Beijing Vastdata Technology Co.Ltd(603138) , Beijing Tongtech Co.Ltd(300379) , Beijing Baolande Software Corporation(688058) .
(4) intelligent Internet connected vehicles: recommend Thunder Software Technology Co.Ltd(300496) , Autel Intelligent Technology Corp.Ltd(688208) , Beijing Tricolor Technology Co.Ltd(603516) , China Transinfo Technology Co.Ltd(002373) , and benefit targets include Shenzhen Jieshun Science And Technology Industry Co.Ltd(002609) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Vanjee Technology Co.Ltd(300552) .
(5) energy it: recommend Longshine Technology Group Co.Ltd(300682) , Jiangsu Yunyong Electronics And Technology Co.Ltd(688060) , Runa Smart Equipment Co.Ltd(301129) , and benefit targets include Ygsoft Inc(002063) , Dongfang Electronics Co.Ltd(000682) , Beijing Forever Technology Co.Ltd(300365) , Huizhong Instrumentation Co.Ltd(300371) .
(6) military metauniverse: recommend Piesat Information Technology Co.Ltd(688066) , Geovis Technology Co.Ltd(688568) , Beijing Tricolor Technology Co.Ltd(603516) , Beijing Supermap Software Co.Ltd(300036) , and benefit targets include Wuhan Xingtu Xinke Electronics Co.Ltd(688081) .
(7) medical it: recommend B-Soft Co.Ltd(300451) , Winning Health Technology Group Co.Ltd(300253) , Sichuan Jiuyuan Yinhai Software Co.Ltd(002777) , and benefit targets include China Reform Health Management And Services Group Co.Ltd(000503) .
(8) network security: recommend Sangfor Technologies Inc(300454) , Dbappsecurity Co.Ltd(688023) , Qi An Xin Technology Group Inc(688561) , Nsfocus Technologies Group Co.Ltd(300369) , Venustech Group Inc(002439) , Xiamen Meiya Pico Information Co.Ltd(300188) , Hangzhou Dptech Technologies Co.Ltd(300768) , Trs Information Technology Co.Ltd(300229) , etc., and benefit targets include Topsec Technologies Group Inc(002212) , Westone Information Industry Inc(002268) , etc.
Risk warning: policy promotion is not as expected; It investment is less than expected; Industry competition intensifies.
