Market review: this week (1.10-1.14), the CSI 300 index fell 1.98% and the computer index fell 0.70%.
Zhou viewpoint: with the release of digital economy planning, layout opportunities are gradually coming
(1) the State Council printed and distributed the digital economy development plan of the 14th five year plan
On January 12, the State Council issued the “14th five year plan” for the development of digital economy, which requires that by 2025, the added value of core industries of digital economy will account for 10% of GDP. The plan has deployed eight key tasks. The specific indicators are that the scale of software and information technology service industry will reach 14 trillion yuan in 2025 (8.16 trillion yuan in 2020), and the compound growth rate from 2020 to 2025 will be 11.4%; The application penetration rate of industrial Internet platform will reach 45% (14.7% in 2020) in 2025, with an average annual increase of 6.06 percentage points from 2020 to 2025.
(2) under the policy catalysis, the opportunity of computer sector layout gradually comes
The 14th five year plan for the development of digital economy involves digital infrastructure, industrial Internet, network security, digital government and other aspects, and the computer sector benefits directly. In terms of valuation, as of January 14, 2022, the P / E ratio TTM of the computer sector was 51.96, and the average value in the past five years was 57.17. The valuation of the sector is at a low level. By the end of the third quarter of 2021, the allocation ratio of the fund to the computer sector was 2.7%, also at a historical low. Recently, a number of plans have been issued. Under the catalysis of policies, the layout opportunities of the computer sector are gradually coming.
(3) actively grasp the investment opportunities of high prosperity track
Driven by technology and catalyzed by policy, many computer segments are in a high boom growth stage. (1) Industrial Internet: the market is broad, and the domestic catalytic industry accelerates its development; (2) Financial it: high certainty, benefiting from digital transformation and financial information innovation; (3) Intelligent networked automobile: “electrification, intelligence and networking” accelerate the penetration and drive the reconstruction of industrial value chain; (4) Energy it: usher in historic opportunities under the trend of carbon neutralization; (5) Military yuan universe: the penetration rate has increased rapidly, and the downstream market is booming; (6) Medical it: new demands for public health, medical insurance and internet medical care continue to be released; (7) Network security: the industry is growing rapidly, focusing on marginal changes.
Investment suggestions:
(1) industrial Internet: recommend Beijing United Information Technology Co.Ltd(603613) , Yonyou Network Technology Co.Ltd(600588) , Zhejiang Supcon Technology Co.Ltd(688777) , Zwsoft Co.Ltd(Guangzhou)(688083) , Glodon Company Limited(002410) , Beijing Kingsoft Office Software Inc(688111) , Kingdee International, Digiwin Software Co.Ltd(300378) , Shanghai Baosight Software Co.Ltd(600845) , Guangzhou Sie Consulting Co.Ltd(300687) , Shenzhen Huaqiang Industry Co.Ltd(000062) , Longshine Technology Group Co.Ltd(300682) , etc.
(2) financial it: recommend Northking Information Technology Co.Ltd(002987) , Hundsun Technologies Inc(600570) , Fujian Apex Software Co.Ltd(603383) , and benefit targets include Shenzhen Fortune Trend Technology Co.Ltd(688318) , Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) , Global Infotech Co.Ltd(300465) , Tansun Technology Co.Ltd(300872) .
(3) intelligent networked vehicles: recommend Thunder Software Technology Co.Ltd(300496) , Autel Intelligent Technology Corp.Ltd(688208) , Beijing Tricolor Technology Co.Ltd(603516) , China Transinfo Technology Co.Ltd(002373) , and benefit targets include Huizhou Desay Sv Automotive Co.Ltd(002920) , Vanjee Technology Co.Ltd(300552) , etc.
(4) energy it: recommend Longshine Technology Group Co.Ltd(300682) , Jiangsu Yunyong Electronics And Technology Co.Ltd(688060) , Runa Smart Equipment Co.Ltd(301129) , and benefit targets include Ygsoft Inc(002063) , Dongfang Electronics Co.Ltd(000682) , Beijing Forever Technology Co.Ltd(300365) , Huizhong Instrumentation Co.Ltd(300371) .
(5) military metauniverse: recommend Piesat Information Technology Co.Ltd(688066) , Geovis Technology Co.Ltd(688568) , Beijing Tricolor Technology Co.Ltd(603516) , Beijing Supermap Software Co.Ltd(300036) , and benefit targets include Wuhan Xingtu Xinke Electronics Co.Ltd(688081) .
(6) medical it: recommend B-Soft Co.Ltd(300451) , Winning Health Technology Group Co.Ltd(300253) , Sichuan Jiuyuan Yinhai Software Co.Ltd(002777) , and benefit targets include China Reform Health Management And Services Group Co.Ltd(000503) .
(7) network security: recommend Sangfor Technologies Inc(300454) , Dbappsecurity Co.Ltd(688023) , Qi An Xin Technology Group Inc(688561) , Nsfocus Technologies Group Co.Ltd(300369) , Venustech Group Inc(002439) , Xiamen Meiya Pico Information Co.Ltd(300188) , Hangzhou Dptech Technologies Co.Ltd(300768) , Trs Information Technology Co.Ltd(300229) , etc., and benefit targets include Topsec Technologies Group Inc(002212) , Westone Information Industry Inc(002268) , etc.
Risk warning: policy promotion is not as expected; It investment is less than expected; Industry competition intensifies.
