Since the market hit a new low of 2863 points on April 27 this year, it has gradually shaken and stabilized, standing at 3000 points. Recently, the new energy sector has become the pioneer of rebound. During this period, the new energy theme fund and the fund with heavy positions in the new energy sector also “returned blood” significantly.
The fund manager said that the new energy sector has a strong sustainability of its high outlook. At present, the new energy sector is in the process of stabilizing at the bottom and rebounding upward, and there is still room for further rise.
new energy fund rapidly “reinvigorated”
From the end of last year to April this year, the new energy sector retreated by more than 40%, once ushering in a “dark moment”. However, the sector has rebounded sharply recently. Since the market stabilized on April 27, as of May 20, it has only been 15 trading days. Since April 27, the China Securities new energy index has increased by nearly 30%, especially the auto parts and lithium battery sector has remained active.
With the rapid rebound of the new energy sector, relevant funds have also rebounded sharply recently. According to wind statistics, 454 active partial equity funds (consolidated statistics of each share) have increased by more than 20% in nearly 15 trading days, most of which are new energy funds, and the range net value of 27 funds has increased by more than 30%.
Specifically, since April 27, the net value of Great Wall China smart manufacturing has increased by 34.91%. The top ten heavy positions of the fund in the first quarter belong to the electrical equipment industry, Sungrow Power Supply Co.Ltd(300274) , Tongwei Co.Ltd(600438) , and Longji green energy ranked among the top three heavy positions. Gf’s refinancing theme rose 34.54%, with the same focus on the allocation of individual stocks in the electrical equipment and electronics sectors at the end of the first quarter China Securities Co.Ltd(601066) low carbon growth also increased by more than 34%, and Contemporary Amperex Technology Co.Limited(300750) , Jingke energy, Ja Solar Technology Co.Ltd(002459) and other new energy stocks ranked among their heavy positions.
In addition, the net value of new energy theme funds such as SDIC UBS new energy, Cinda Aoyin new energy selection, TEDA Manulife new energy and CNOOC environmental protection new energy all returned more than 30% in the near future.
Why does the new energy sector “return blood” quickly? Cui Chenlong, executive investment director and fund manager of Qianhai open source fund, believes that the early market was impacted by many events such as the conflict between Russia and Ukraine, the Fed’s interest rate increase and the Shanghai epidemic. Among them, the correction range of the new energy vehicle sector is relatively large due to the short-term real impact on the supply chain. At present, the epidemic situation in Shanghai has been controllable, and the resumption of work and production is proceeding rapidly. The market has strong confidence in the recovery of the whole new energy vehicle supply chain.
Yan Anqi of Nord fund also analyzed that the three positive factors jointly helped the sector rebound. First, the worst stage has passed, and the field of new energy vehicles has entered the recovery stage. Secondly, policy support is on the way to support the accelerated recovery of the industry. Third, the valuation is low and the risk is released.
sector adjustment has been relatively sufficient
At the current time point, Yan Siqian, fund manager of Penghua Fund, is still optimistic about investment opportunities in new energy related fields, and the core is optimistic about investment opportunities in photovoltaic sector and electric vehicle (especially power battery and automobile intelligence).
Yan Siqian further pointed out that in addition to the impact of the upstream price rise on some links in the midstream, the overall fundamentals of the new energy field are good. Taking new energy vehicles as an example, from the perspective of sales volume, the data in March performed well. Although April and may were affected by the special period in Shanghai in the short term, the overall penetration rate was still more than 20%, indicating that the consumer side still has very strong toughness.
GF Zheng chengran said that the decline of the new energy sector since this year is mainly due to the comprehensive factors of trading chips and valuation. However, if this factor is alleviated and the fundamentals remain strong, the future market of good companies in the new energy sector is worth looking forward to.
In addition, Shi Cheng, fund manager of SDIC UBS, pointed out that generally speaking, the supply of energy will be relatively limited in the next few years, but the demand for energy will continue to increase, and industries with huge growth space in the future will continue to be selected, such as upstream industries of new energy, energy storage industries, semiconductor materials, etc.
