In the morning trading of A-Shares today, semiconductor chip stocks rebounded across the board, the semiconductor index (bk0917) rose by more than 4 points, and many stocks were closed. As of midday closing, Konfoong Materials International Co.Ltd(300666) , Kingsemi Co.Ltd(688037) , Wuxi Nce Power Co.Ltd(605111) , Naura Technology Group Co.Ltd(002371) , Roshow Technoiogy Co.Ltd(002617) , Red Avenue New Materials Group Co.Ltd(603650) rose by the limit, Puya Semiconductor (Shanghai) Co.Ltd(688766) , Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) , shengmei Shanghai, Crystal Clear Electronic Material Co.Ltd(300655) rose by more than 10%, and Thinkon Semiconductor Jinzhou Corp(688233) , Wuxi Chipown Micro-Electronics Limited(688508) , Jiangsu Nata Opto-Electronic Material Co.Ltd(300346) , Yangzhou Yangjie Electronic Technology Co.Ltd(300373) , Starpower Semiconductor Ltd(603290) followed.
Among the stocks with the highest growth, semiconductor equipment and material companies are in the majority.
the basic orientation of the industry is good, which adds confidence to this wave of rise. yesterday, a number of A-share semiconductor companies released brilliant performance express. The net profits of Puya Semiconductor (Shanghai) Co.Ltd(688766) and Bestechnic (Shanghai) Co.Ltd(688608) in 2021 have more than doubled year-on-year. The main products of the two companies are memory chips and Internet of things chips respectively; Leaguer (Shenzhen) Microelectronics Corp(688589) the net profit of Q4 soared 20 times month on month.
After sorting out the report, the SciDev board daily found that among the semiconductor companies that recently released the performance express, nearly 80% of the companies had a year-on-year increase in net profit of more than 50% in 2021, and seven companies had a year-on-year increase in net profit of more than double, , Puya Semiconductor (Shanghai) Co.Ltd(688766) , Bestechnic (Shanghai) Co.Ltd(688608) , including Verisilicon Microelectronics (Shanghai) Co.Ltd(688521) , Semiconductor Manufacturing International Corporation(688981) , Allwinnertech Technology Co.Ltd(300458) , Wuxi Chipown Micro-Electronics Limited(688508) . Among them, Semiconductor Manufacturing International Corporation(688981) , Verisilicon Microelectronics (Shanghai) Co.Ltd(688521) Q4 net profit in 2021 increased by more than 50% month on month.
Overseas, the performance of large chip upstream manufacturers is still strong. Applied materials, the chip equipment company with the highest revenue in the world, recently announced that its performance in Q1 (December February) of fiscal year 2022 was at the upper limit of the previous guidance, and its revenue reached a record high. The company also revealed that its new orders are strong, and the capacity in 2022 is nearly sold out. It is optimistic about the performance in 2022 and 2023; NVIDIA’s Q4 performance in 2021 was also higher than market expectations.
The above-mentioned companies are distributed in many subdivided fields such as semiconductor equipment, materials and design, and their performance gives an optimistic expectation to the whole chip industry. Moreover, first tier manufacturers such as ansenmey, Infineon and Italian French semiconductor continued to emphasize the strong demand of the chip industry in 2022.
▍ “relatively reasonable valuation + improvement of fundamentals”
“high cost performance” has become one of the important reasons why many industry analysts recommend the semiconductor sector. Xu Tao, an analyst at Citic Securities Company Limited(600030) , said that the semiconductor sector has experienced early valuation adjustment. At present, the valuation of the sector is lower than the median. The component stocks of semiconductor (CITIC) index predicted that the average value of PE in the past five years was 57 times, and the current value is about 47 times. The valuation of some companies is close to the historical low, it is suggested to pay attention to the head design companies with low valuation and relatively high annual performance certainty, such as Gigadevice Semiconductor (Beijing) Inc(603986) , Will Semiconductor Co.Ltd.Shanghai(603501) , Ingenic Semiconductor Co.Ltd(300223) , Bestechnic (Shanghai) Co.Ltd(688608) , Sino Wealth Electronic Ltd(300327) , Puya Semiconductor (Shanghai) Co.Ltd(688766) .
Tang Hongyi, an analyst at China Greatwall Securities Co.Ltd(002939) , combed the semiconductor position of Q4 public fund in 2021. He said that semiconductor leading companies with high fundamental certainty and relatively reasonable valuation are the preferred for current institutions, and the top five companies with increased holdings of Q4 public fund in semiconductor companies in 2021 are Will Semiconductor Co.Ltd.Shanghai(603501) , Unigroup Guoxin Microelectronics Co.Ltd(002049) , Gigadevice Semiconductor (Beijing) Inc(603986) , Montage Technology Co.Ltd(688008) , Hangzhou Chang Chuan Technology Co.Ltd(300604) ; The top 5 semiconductor companies with increased shareholding ratio are Hangzhou Chang Chuan Technology Co.Ltd(300604) , Unigroup Guoxin Microelectronics Co.Ltd(002049) , Gigadevice Semiconductor (Beijing) Inc(603986) , Montage Technology Co.Ltd(688008) , Will Semiconductor Co.Ltd.Shanghai(603501) .
In addition, considering the introduction and implementation of chip bills in various countries, the mode of free competition and cooperation may subside. He Lizhong, a pioneering securities analyst, recently released a research report that localization is not only the goal of China’s semiconductor industry, but all parts of the world have begun to actively plan the revitalization plan of the semiconductor industry to realize the localization of their own semiconductor industry. Therefore, countries may build a set of semiconductor industry chain, especially in the field of semiconductor materials and equipment and chip manufacturing. it is recommended to pay attention to Semiconductor Manufacturing International Corporation(688981) , Huahong semiconductor, Hubei Dinglong Co.Ltd(300054) , Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) , Konfoong Materials International Co.Ltd(300666) , Naura Technology Group Co.Ltd(002371) , Advanced Micro-Fabrication Equipment Inc.China(688012) , Kingsemi Co.Ltd(688037) , shengmei Shanghai.
related reading:
A-share and Hong Kong stock semiconductor sectors broke out! Fundamentals + policies are good. How to select “cost-effective” targets? (with shares)
