Cai Songsong, the man who “lives” in hot search for a long time with “all in” semiconductor, has a new direction.
Yesterday (February 21), the concept of “counting from the east to the west” showed a strong performance. The noan innovation driven hybrid fund managed by Cai Songsong can be described as a masterpiece. The one-day net value of noan innovation driven hybrid C increased by 3.38%, which once again became the focus of market attention.
This means that noan’s innovation driven hybrid is likely to be transferred to the computer sector, which is highly related to the hot concept of “counting from the east to the west”. What are the investment opportunities in the direction of “counting East and counting West”?
“semiconductor brother” has a new direction
Cai Songsong was previously famous for his heavy position in the semiconductor sector. In the second half of 2019, with the rise of science and technology, the growth of noan managed by him relied on the heavy warehouse semiconductor industry and achieved outstanding short-term performance.
Since then, regardless of the rise and fall of the semiconductor industry, Cai Songsong insisted that the semiconductor sector would not relax. The mixed scale of noan growth has also achieved substantial growth, and the fund scale will increase by more than 26 billion yuan in 2020 alone.
However, judging from the latest net fund value, Cai Songsong, who loves semiconductors, may have a new love sector.
From the performance of yesterday’s active equity fund, noan innovation driven hybrid C ranked first with an increase of 3.38%. Combined with the market trend, noan innovation driven hybrid is likely to transfer its position to the computer sector.
Equity funds with a net fund value growth rate of more than 3% on February 21 (separate a / C shares):
Specifically, yesterday, the index fund highly related to “counting from the east to the west” financed the net value of CSI cloud computing and big data theme index, up 3.33%. CSI cloud computing and big data theme index focuses on 50 A shares of listed companies involved in providing cloud computing services, big data services and hardware equipment related to the above services as sample stocks, of which about 17 constituent stocks coincide with the East digital West computing index.
It is worth noting that there is a certain deviation between the estimated net value of noan innovation driven hybrid and the actual net value. Alipay data showed that in February 21st, the net value of novice innovation driven hybrid A increased by 2.22%, and the net real value rose by 3.27%.
Further analysis shows that CAI Songsong may have significantly adjusted his position recently. Judging from the trend of hybrid c net value driven by noan innovation, the net value of the fund hardly changed from February 15 to February 17.
However, noan growth, another fund managed by Cai Songsong, lost 0.85% yesterday. This may mean that CAI Songsong has adopted a completely different playing method for the two funds, and what remains unchanged is the more extreme operation strategy. It is worth noting that CAI Songsong previously made it clear that he would strive to be the sharpest “spear” for science and technology investment.
Investors who are used to CAI Songsong buying semiconductors feel confused. Some netizens commented: “what did Cai Ge buy? Don’t always take us Soha.”
what are the follow-up opportunities of “counting East and counting West”?
Since the year of the tiger, although the market as a whole has been relatively volatile, the concept of “counting from the east to the west” is quite hot, driving the performance of computer and communication sectors. What are the subsequent investment opportunities of this concept?
He Tianxiang, the fund manager of RONGTONG CSI cloud computing and big data theme index, said that “east to West computing” guides the computing power of the east to the west, optimizes the layout and promotes the coordinated development of the East and the west by building a new national computing power system, which is similar to major projects such as “South-to-North Water Transfer” and “west to East power transmission”, and optimizes industrial development by giving full play to regional and institutional advantages. Cloud computing, data center and other fields will be the primary beneficiaries, the demand for network security will continue to increase, and the fields of network security software, hardware and services will benefit at the same time.
In terms of specific investment direction, Hengyue Fund said that it should look at “counting from the east to the west” from a higher perspective of “new infrastructure” and even “common prosperity”, which is another embodiment of the country’s pursuit of high-efficiency and high-quality development. Give priority to the investment opportunities contained in basic work, such as equipment manufacturing and storage, communication network fields involved in the construction of data center, and the opportunities of basic software may be relatively later. In fact, large Internet enterprises and cloud manufacturers have laid out in the West as early as before the introduction of the policy. Now, after the introduction of the “counting from the east to the west” policy, the head manufacturers may pay more attention to the West. At the same time, we should also see that “counting from the east to the west” is unlikely to have an immediate effect on the improvement of computing power in the short term, and the follow-up market should also track the relevant local supporting policies or implementation rules.
According to Lu Yang, TMT researcher of deppon fund, recently, the national development and Reform Commission jointly issued the relevant notice of “counting East and counting West”, marking the completion of the overall layout design of the national integrated big data center system. In the medium and short term, it is the first to benefit the supply side of the industry, while the long-term benefit to the demand side is more due to the amplification of supply, the decline of cost side and the outbreak of new demand. In terms of specific direction, the industrial segments such as temperature control electromechanical equipment and ICT equipment represented by servers deserve special attention.
not all industrial chains benefit directly
The concept of computing power broke out again on the 21st, and the sector heat was unprecedented. Leon Technology Co.Ltd(300603) , Beijing Topnew Info&Tech Co.Ltd(300895) , Guangdong Aofei Data Technology Co.Ltd(300738) and other stocks rose by more than 10%, and many stocks such as Nova Technology Corporation Limited(300921) , Insigma Technology Co.Ltd(600797) , Ningbo Construction Co.Ltd(601789) , Jiangsu Shagang Co.Ltd(002075) , Shijiazhuang Changshan Beiming Technology Co.Ltd(000158) rose by the limit in a large area.
Even bull stocks are emerging one after another. Yimikang Tech.Group.Co.Ltd(300249) , Capitalonline Date Service Co.Ltd(300846) , Beijing Asiacom Information Technology Co.Ltd(301085) and other “20cm” daily limit for two consecutive days.
Capitalonline Date Service Co.Ltd(300846) said in response to investors’ questions on the interactive platform a few days ago that under the major historical opportunity of the national launch of the digital economy and the strategy of “counting East and computing West”, as an important base of the digital economy, the company’s IDC and cloud computing business are developing at a high speed.
Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) , Insigma Technology Co.Ltd(600797) , Shanghai Athub Co.Ltd(603881) and other stocks were promoted by the second board. Black Peony (Group) Co.Ltd(600510) three boards in four days.
After the implementation of the policy of “counting East and counting West”, a number of brokerage research institutes issued special reports. Securities companies generally believe that “counting from the east to the west” starts the development trend of superimposed digital economy, and the whole data communication field is expected to form deterministic opportunities.
However, according to China Securities Co.Ltd(601066) , not all links of the industrial chain directly benefit from “counting from the East and counting from the west”.
The above-mentioned securities companies believe that from the perspective of causality, it is the application that determines the needs of servers, memory, data communication switches and data communication optical modules, and then the needs of servers, memory and data communication switches determine the shelf speed and shelf rate of the data center.
Therefore, the 10 national data center clusters planned by “computing from the east to the west” are more about the overall planning of the geographical layout of the data center and the supply side reform of the data center industry. It will not increase the demand for servers, memory, data communication switches and data communication optical modules because of the construction of more data centers and the provision of more cabinets.
However, China Securities Co.Ltd(601066) also pointed out that if the national data center cluster construction promotes local governments, state-owned enterprises, other large and medium-sized enterprises to accelerate the cloud, and if the National Computing hub node uniformly deploys the national big data and computing network, it may stimulate the demand for these devices.
Huatai Securities Co.Ltd(601688) believes that the full start of the calculation from the east to the West means that the digital infrastructure ushers in the triple logical resonance of long-term (Technology) + medium-term (prosperity) + short-term (Policy). Focus on the data center and its upstream server + optical module, base station equipment and its upstream PCB In the short term, the top-level policies of the three modules of digital infrastructure – Data Center (IDC), communication base station and industrial Internet platform have been fully launched.
