Today (January 17), Shanghai and Shenzhen stock markets showed a shock rebound pattern as a whole. The three major stock indexes opened high and walked high, maintaining a strong pattern throughout the day, especially the gem index. Finally, the three major stock indexes closed positive.
In this regard, Anxin Securities believes that the recovery of market sentiment needs to wait for key signals such as clear policy expectations, improvement of incremental funds and stability of the external environment. In mid February after the Spring Festival (social finance data) or an important decision point, "value building and growth singing", this round of agitation in the spring season is still worth looking forward to.
At the same time, Sealand Securities Co.Ltd(000750) mentioned that under the environment of "weak economy + wide currency", the growth sector has a good cost performance after adjustment. Two directions can be considered: one is the media, military industry, computer and other industries with good performance valuation matching, and the other is to find a more definite direction along the deductive path of the industrial cycle, Focus on software development, it services, optical images and other subdivided fields under the background of automotive intelligence and meta universe. The preferred industries in January are: electronics, media, national defense and military industry.
sector:
unitary universe
Hualong Securities pointed out that the meta universe is known as the ultimate form of the next generation Internet. The meta universe industrial chain extends outward from the underlying infrastructure to the user experience level. It can be divided into seven levels, including infrastructure, human-computer interaction, decentralization, spatial computing, creator economy, discovery, experience and so on.
At present, the meta universe belongs to the concept introduction period, and the substantive breakthrough of its application still needs a lot of technical accumulation, with great uncertainty. From the perspective of industrial chain, we can pay attention to three main lines: 5g, hardware equipment AR / VR and cloud computing.
Soochow Securities Co.Ltd(601555) said that digital assets are deeply rooted in the hearts of the people and are one of the most important marginal and investment opportunities in this round of meta universe development. Since 2020, the dau of coinbase, a digital currency trading platform, has achieved rapid growth, with a peak of nearly 10 million in 2021. At the same time, under the background of the epidemic, loose monetary policy was implemented overseas, which promoted the sharp rise in the price of digital money represented by bitcoin. The listing of roblox in U.S. stocks and NVIDIA's marketing and product promotion in virtual human make secondary market investors pay attention to the investment opportunities of metauniverse, especially the right confirmation and trading of digital assets based on blockchain technology.
Sealand Securities Co.Ltd(000750) mentioned that they are optimistic about the development opportunities brought by the development of metauniverse gradually becoming a market consensus and giants increasing investment in the ecological construction of metauniverse. At present, the layout of A-share media companies is mainly concentrated in the application layer, such as virtual platform and immersive content, digital assets, digital identity and offline experience. Some companies also have layout in the technical layer, such as hardware entrance and 3D technology.
Guolian Securities Co.Ltd(601456) believes that game entertainment in consumption scenes has a prototype of meta universe, and games have become one of the main applications of VR devices at present. At present, the application scenario of digital virtual human is mainly virtual idol, which realizes diversified landing scenarios such as hosting and advertising, and the business path has been confirmed; In the future meta universe scenario, everyone may need virtual separation, which has high space in the long run. NFT non homogenous token enables digital content capitalization. Yuancosmos has reshaped the pattern of tourism industry. Companies at home and abroad have begun to layout vr virtual tourism industry, and the epidemic has promoted the implementation of the industry.
The agency further analyzed key related companies. Infrastructure construction end: Guangdong Aofei Data Technology Co.Ltd(300738) , New Guomai Digital Culture Co.Ltd(600640) , Beijing Highlander Digital Technology Co.Ltd(300065) , Capitalonline Date Service Co.Ltd(300846) , Zhejiang Century Huatong Group Co.Ltd(002602) , Hangzhou Anysoft Information Technology Co.Ltd(300571) etc; VR / AR terminals: Goertek Inc(002241) , Zhejiang Crystal-Optech Co.Ltd(002273) , Ofilm Group Co.Ltd(002456) etc; Industrial meta universe related: Enc Digital Technology Co.Ltd(603869) , Wuxi Boton Technology Co.Ltd(300031) , Wisesoft Co.Ltd(002253) , Beijing Egova Co.Ltd(300075) ; Consumer meta universe related: Hengxin Shambala Culture Co.Ltd(300081) , Col Digital Publishing Group Co.Ltd(300364) , Visual China Group Co.Ltd(000681) , Xinhuanetco.Ltd(603888) , Wondershare Technology Group Co.Ltd(300624) , Skyworth Digital Co.Ltd(000810) , Shanghai Wondertek Software Co.Ltd(603189) , Three'S Company Media Group Co.Ltd(605168) , S.P.I Landscape Design Co.Ltd(300844) , Shanghai Fengyuzhu Culture Technology Co.Ltd(603466) , Inmyshow Digital Technology (Group) Co.Ltd(600556) , Bluefocus Intelligent Communications Group Co.Ltd(300058) , Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) etc; Meta cosmic tools: Silkroad Visual Technology Co.Ltd(300556) , Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) , Shenzhen L&A Design Holding Limited(300949) , etc.
II. New energy vehicles
For the new energy vehicle industry chain, China International Capital Corporation Limited(601995) mentioned that the storm has gone and the spring ploughing market is coming. Standing at the starting point of 2022, the electric vehicle sector fluctuates greatly. We reiterate once again that the demand of the midstream industrial chain of new energy vehicles is highly deterministic, and the technology of leading enterprises and the binding advantages of upstream and downstream of the industrial chain are prominent. At the current time, the sector has reached the bottom area, and we are firmly optimistic about the new energy market in 2022.
Anxin Securities pointed out that it is expected that the traditional vehicle and new energy vehicle industries will improve in an all-round way in 2022. In terms of new energy vehicles, the subsidy policy will keep the technical indicators and threshold requirements unchanged in 2022, but the subsidy scale has not locked the original expected upper limit of 2 million vehicles, and the subsidy will run through the whole year. It is expected that the cost reduction capacity will continue to improve due to the scale expansion and technological progress of new energy vehicles; At the same time, with the implementation of subsidies and the rise of raw material prices, the prices of some models will rise, but the consumer demand will not be reduced. The production and sales of new energy vehicles are expected to continue to grow in 2022. In terms of traditional vehicles, with the continuous improvement of chip shortage, the orders reserved in the early stage are expected to speed up delivery; With the launch of new products by auto enterprises, the demand is released, and the traditional passenger cars are expected to be significantly improved in 2022.
In addition, Shanxi Securities Co.Ltd(002500) said that China's macroeconomic stability has recovered, China's automobile market is in the transition stage from the initial stage of popularization to the later stage of popularization, new car sales have gradually shifted from the incremental market to the stock market, and automobile exports have exceeded expectations. At present, the technology of new energy vehicles is gradually mature, and intellectualization gives new energy vehicles more premium space. Compared with fuel vehicles, the price of new energy has a certain cost performance, the industry space has been greatly improved, and there are many structural investment opportunities in the industrial chain.
For stock selection in the automotive industry, it is suggested to pay attention to: first, the vehicle leader with continuous leading market share and perfect product matrix; Second, focus on new energy vehicles and vehicle intelligence, start with the high-quality industrial chain, look for high-quality targets from top to bottom, and pay attention to Tesla industrial chain and lithium battery industrial chain. It is suggested to pay attention to: Saic Motor Corporation Limited(600104) , Guangzhou Automobile Group Co.Ltd(601238) , Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Byd Company Limited(002594) , Xiamen Faratronic Co.Ltd(600563) .
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