On the first trading day of 2022, small and medium-sized market value growth stocks became the biggest bright spot on the market. In the context of the collective correction of the three major stock indexes, the specialized Texin index rose 0.19% against the trend, and 60% of the more than 700 constituent stocks were red.
The expert Texin index rose against the trend on the first day of the new year, laying the tone for the market style at the beginning of the year. In the market outlook for 2022, some institutions predict that the future excess return will turn to “new increment” represented by scientific and technological innovation, and “small high-tech” enterprises such as specialized, special and new will be an important source of excess return in 2022.
“High profit growth rate” is an important label for “specialized and new” enterprises. At present, the fund aesthetic preference has gradually changed from focusing on industry leaders to focusing on profit growth. Some small and medium-sized market value companies with outstanding performance growth have been sought after with incremental funds.
Naipu Mining Machinery Co.Ltd(300818) is an example. Since the disclosure of the performance forecast on December 29 last year, Naipu Mining Machinery Co.Ltd(300818) share price has soared 63% in the past three trading days, and set a new historical high, ranking the first among the listed specialized and special new enterprises.
According to the announcement, Naipu Mining Machinery Co.Ltd(300818) is a professional manufacturer of heavy mine beneficiation equipment and wear-resistant spare parts of new materials integrating R & D, production, sales and service. The company was selected into the list of the second batch of specialized and new “little giant” enterprises of the Ministry of industry and information technology. The company expects to achieve a net profit of 165 million yuan to 195 million yuan in 2021, an increase of 306.17% to 380.02%.
In addition to Naipu Mining Machinery Co.Ltd(300818) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , which is also a “specialized and special new” enterprise, the stock price has also risen sharply recently due to the performance boost, with a cumulative increase of more than 13% in the two trading days.
Ningbo Ronbay New Energy Technology Co.Ltd(688005) recently disclosed the performance forecast. It is expected to achieve a net profit of 890 million yuan to 920 million yuan in 2021, an increase of 317.71% to 331.79%, exceeding the expectations of some institutions. The company said that during the reporting period, the penetration rate of high nickel technology route in new energy vehicle terminals was further improved, and the company continued to maintain a leading position in China’s ternary cathode material market.
From the perspective of institutional prediction, the profit growth of “specialized and special new” enterprises may be very gratifying in 2021. Take the companies with a total market value of less than 10 billion yuan in the specialized Texin index as the sample, of which the predicted year-on-year growth value of net profit in 2021 of as many as 31 companies exceeds 100%, mainly distributed in high growth industries such as lithium battery equipment, power grid equipment, medical devices and military industry.
China Industrial Securities Co.Ltd(601377) one of the top ten forecasts for 2022 released by Zhang Qiyao, chief strategic analyst, is that “small high-tech” enterprises are expected to become an important source of annual excess returns.
Zhang Qiyao said that since 2021, the macro level of “making a big cake” and “dividing a good cake” have gone hand in hand, and A-Shares will meet another important turning point. In the future, the “lying win” era of the stock economy leader may have ended, and the “small high tech” field with smaller market value, higher growth rate and in line with the “new increment” of science and innovation is expected to become the main source of excess returns.
Qu Yiping team of Shengang strategy said that from the perspective of month on month changes, the industries with continuous growth in month on month performance in 2022 are still high boom directions such as new energy and high-end equipment manufacturing. It is suggested to focus on six potential excess return tracks, such as semiconductor chips, consumer electronics, new energy vehicles, military industry, photovoltaic wind power and metauniverse.
(Shanghai Securities News)
