On the 18th, the Kechuang 50 index closed up 3.21% to 100461 points, returning to 1000 points.
It is worth noting that just last week, the Kechuang 50 index lost 1000 points for the first time on the day of breaking (the 11th day), the 50 broad-based ETF of Shanghai Science and technology innovation board received a relatively large net inflow of funds; Huaxia Kechuang 50ETF has become the stock ETF product with the largest net inflow this year. From the beginning of the year to April 15, it has received a net purchase of nearly 10 billion yuan.
▍ where is the science and technology sector going? Pre increase + resumption into the strongest main line
Among the top gainers on the science and innovation board today, Beijing Tianyishangjia New Material Corp.Ltd(688033) , Beijing Longruan Technologies Inc(688078) rose by more than 15%, and Weijie chuangxin-u, Trina Solar Co.Ltd(688599) , Dongguan Dingtong Precision Metal Co.Ltd(688668) , Shanghai Fudan Microelectronics Group Co.Ltd(688385) rose by more than 10%.
Among the stocks with an increase of more than 10%, except Vijay Chuangxin, other stocks issued brilliant performance forecast this month, and the leading Beijing Tianyishangjia New Material Corp.Ltd(688033) and Beijing Longruan Technologies Inc(688078) both forecast Q1 performance last Friday, with a net profit increase of more than 200%
The first quarter performance (forecast) has also become a wind vane recognized by most institutions.
Golden Eagle Fund believes that after experiencing a significant impact on capital and sentiment, it will focus on the high boom sector / improvement direction with sustained high performance growth and better sex and price displayed in the first quarter.
Huaxia Fund pointed out that from the forecast of the first quarterly report of a shares, the high boom field is mainly concentrated in the two directions of upstream cycle and high-end manufacturing, in which growth stocks will still be the main source of income for the whole year.
If the specific track segments are implemented, new energy vehicles and photovoltaic sector have undergone significant adjustments since this year. Jiang Qian, deputy director of equity investment of Dongfang fund, said in an interview with the financial associated press that now most of the disturbance factors of short-term fundamental risks and pessimism have been cleared, and from the perspective of long-term development space, the sector has layout and cost performance.
semiconductor sector, AVIC Securities pointed out that at present, the overall PE of the industry is equivalent to that when the market started in early 2019, is at a historical low, the industry only owes the “east wind” of market confidence, and is firmly optimistic about the long-term direction of semiconductor.
It is worth mentioning that among the semiconductor stocks with the highest growth today, in addition to the above-mentioned Weijie Chuangxin and Shanghai Fudan Microelectronics Group Co.Ltd(688385) , Shanghai Belling Corp.Ltd(600171) and Hangzhou Silan Microelectronics Co.Ltd(600460) also recorded the daily limit. Among them, Hangzhou Silan Microelectronics Co.Ltd(600460) announced the forecast of the first quarter report yesterday, and the net profit of Q1 was expected to increase by 50% – 70% year-on-year
at the same time, the policy of resumption of work and production has been launched continuously according to the statistics of the reporter of the science and Innovation Board daily, at least 62 semiconductor enterprises have entered the guidelines for the prevention and control of the epidemic situation of resumption of work and production of industrial enterprises in Shanghai (First Edition), including Semiconductor Manufacturing International Corporation(688981) , Huahong semiconductor, shengmei Shanghai, etc. Analysts also pointed out that the negative emotional impact of the epidemic is gradually being disintegrated by favorable policies.
Today, a number of semiconductor stocks included in the “white list” also rose, among which Huahong semiconductor, shengmei Shanghai, Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) , Will Semiconductor Co.Ltd.Shanghai(603501) rose by more than 5%.
However, it should be noted that the Kechuang 50 Index gathers high-quality companies in semiconductor, new energy, biomedicine and other fields, so its research and tracking threshold is also higher, and investors should be fully aware of potential risks and difficulties.
The integer level of the index does not have much practical significance. The trend of the index is more affected by the fundamentals of heavyweights and the market style over a period of time.
Minsheng Securities pointed out that the impact of the sharp rise of us real interest rate on A-Shares continues, and the growth sector more related to real interest rate still loses value. In the long run, China’s epidemic will eventually usher in an inflection point and the impact on the capital market will eventually pass. Therefore, growth stocks in the middle and lower reaches more related to the recovery of demand may rebound in stages; However, analysts also stressed that with overseas inflation still high, interest rate concerns may continue to suppress the overall valuation of growth stocks.
