Back to trillion yuan! On Wednesday, the A-share market rose in large quantities, and the three major indexes closed positive. After a month, the turnover of the two cities exceeded 1 trillion yuan. It is noteworthy that the semiconductor industry rose sharply, followed by the photoresist industry. Industry insiders believe that investment confidence has increased significantly. However, some institutions have warned of the risk of short-term shocks.
On the disk, as of the closing on February 23, the Shanghai index rose 0.93%, the Shenzhen Component Index rose 1.9% and the gem index rose 2.82%; The total turnover of Shanghai and Shenzhen stock markets was 1049.9 billion yuan, exceeding 1 trillion yuan; Overall, stocks in the two cities generally rose, with 3608 stocks rising, of which 104 stocks closed at the daily limit.
Northbound funds showed a net inflow trend throughout the day, and there was a rapid influx in the late trading, with a net purchase of 1.421 billion yuan throughout the day; Among them, the net purchase of Shanghai Stock connect was 926 million yuan and that of Shenzhen Stock connect was 495 million yuan.
In the face of today's massive rise in a shares, institutions generally expressed medium - and long-term optimism.
Huang Jiefeng, manager of Wolong Chuangxin investment fund, said that the overseas markets adjusted one after another overnight due to the geographical factors of Russia and Ukraine, but the resilience of A-Shares remained the same today, rising against the market, the gem index rose nearly 3%, and the capital going north also returned to the net inflow. The transaction volume of the two cities exceeded trillion yuan again after a month. Many phenomena show that the confidence of capital long A-Shares is significantly improving. On the one hand, due to the long-term adjustment, many high-quality targets of core tracks have entered a reasonable range of valuation, and there is a strong demand for long-term capital replenishment; On the other hand, close to the window period of the disclosure of the first quarterly report, funds have arranged relevant sectors with significant pre increase in performance, forming a significant support for the market. Therefore, whether from the perspective of valuation or macro fundamentals, the current A-share market has a strong attraction, and investors can also bargain hunting and actively layout the core targets of the boom track with previous wrong killing and reasonable valuation.
Hu Po, manager of private placement fund paipai.com, also said that after the short-term risk digestion, the enthusiasm of the whole A-share market will be gradually released, so we are optimistic about the next market.
Central China Securities Co.Ltd(601375) expresses the wait-and-see reminder after the short-term rise. Central China Securities Co.Ltd(601375) it is expected that the short-term slight consolidation of the Shanghai stock index is more likely, it is suggested that investors should wait and see in the short term, and the middle line should continue to pay attention to the investment opportunities of undervalued blue chips.
For investment opportunities, Ma Cheng, chairman of juze investment, said that for now, focuses on the new and old infrastructure construction opened after the spring to stimulate economic growth, mainly including real estate, construction, building materials and the upstream and downstream industrial chain of "counting East and west" of new infrastructure. I believe there will be good benefits.
From the perspective of shenwanyi level industries, there are 24 Categories of industries rising, with electronics taking the lead, with an increase of 4.17%, and power equipment, national defense and military industry, automobile and other industries rising by more than 3%; In addition, seven industries fell, with coal falling the first, up to 1.50%, and agriculture, forestry, animal husbandry and fishery, petroleum and petrochemical, real estate and other industries also fell by more than 1%
prepared by: Zhao Ziqiang
\u3000\u3000 1. Semiconductor industry led the rise
In terms of specific hot spots, the semiconductor sector of China stock market news strongly led the rise on Tuesday, with an increase of 6.27%. The sector has been in the process of shock bottoming since December last year. Today, it rose in large quantities, releasing some bull signals. Among the 95 constituent stocks in the sector, Konfoong Materials International Co.Ltd(300666) and Kingsemi Co.Ltd(688037) closed at the 20cm limit, and another 53 stocks rose by more than 5%.
Analysts believe that the sharp rise in the semiconductor sector is related to the following news: 1 The situation in Russia and Ukraine affects the supply of rare gases related to semiconductor process. 2. The positive stimulation of counting East and West. Founder Securities Co.Ltd(601901) believes that the full launch of the "counting from the east to the west" project will drive the development of the semiconductor chip industry chain from the three stages of "short", "medium" and "long". In the short term, data center related chips benefit first. 3. Among the A-share semiconductor companies that recently released the performance express, nearly 80% of the companies' net profit in 2021 increased by more than 50% year-on-year, Semiconductor Manufacturing International Corporation(688981) , Allwinnertech Technology Co.Ltd(300458) net profit more than doubled year-on-year, Maxscend Microelectronics Company Limited(300782) released the performance express that was better than the market expectation.
Citic Securities Company Limited(600030) analyst Xu Tao said that the semiconductor sector has experienced early valuation adjustment. At present, the valuation of the sector is in the lower middle position. The component stocks of the 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. some companies' valuations are close to historical lows. It is recommended to pay attention to head design companies with low valuations and relatively high annual performance certainty, such as Gigadevice Semiconductor (Beijing) Inc(603986) , Will Semiconductor Co.Ltd.Shanghai(603501) , Ingenic Semiconductor Co.Ltd(300223) , Sino Wealth Electronic Ltd(300327) .
\u3000\u3000 2. Photoresist concept rose 5.84%
The photoresist concept of China stock market news rose sharply, up 5.84% as of Wednesday's close. 44 constituent stocks in the sector rose across the board, of which 2 stocks closed at the 20cm limit and 17 stocks rose by more than 5%
Ping An Securities said that it can pay attention to enterprises with long-standing technology accumulation, mass production of products and integrated layout of upstream and downstream of the industrial chain, it is suggested to pay attention to Red Avenue New Materials Group Co.Ltd(603650) that have acquired Beijing Kehua and Beixu electronics; You can also pay attention to Crystal Clear Electronic Material Co.Ltd(300655) with a wide range of product layout in the field of microelectronics and chemicals.
Founder Securities Co.Ltd(601901) said that at present, Chinese photoresist enterprises are gradually breaking through the key stage of "from 0 to 1" verification. In terms of stock selection strategy, we suggest to pay attention to: 1 R & D progress and capacity planning of each company (domestic alternative basis); 2. Independent controllability of upstream raw material industry chain (raw material dependence); 3. Rich photoresist categories, focusing on the full range of capabilities of the company's products; 4. The company's ability to obtain resources and platform integration (the company's growth space); 5. The company's revenue and performance growth (localization process). In terms of targets, photoresist investment opportunities come from the intensification of supply-demand imbalance caused by the expansion of wafer factories and the urgent need for domestic substitution. It is suggested to pay attention to the targets of relevant industrial chains: Hmt(Xiamen)New Technical Materials Co.Ltd(603306) (Xuzhou Bokang), Crystal Clear Electronic Material Co.Ltd(300655) , Red Avenue New Materials Group Co.Ltd(603650) , Shanghai Sinyang Semiconductor Materials Co.Ltd(300236) , Jiangsu Nata Opto-Electronic Material Co.Ltd(300346) .
