With steady growth in 2022, what core assets are the "core" of top-level support for the stock market will become clear with the introduction of each policy.
Yes, it’s not drinking or taking medicine, it’s the new energy of YYDS. The one that ranks C recently is the new energy vehicle .
In fact, this is not surprising. No matter how good Maotai and other liquors are, they are not worth mentioning in the context of stable growth; medicine is a thing, and medical insurance is tight. In addition to epidemic prevention expenses, other things may be further compressed.
Only new energy, especially new energy vehicles, can drive too many industrial sectors. Stabilizing growth through the consumption of new energy vehicles will have too great an extension effect. In addition, my country’s industrial chain layout is relatively complete. , the meat can rot in the pot to the maximum extent.
So Xinhua News Agency report this statement carefully, the status of the automobile industry is quite high.
It is not surprising that the new energy vehicle-related sectors are booming as soon as such a policy comes out.
However, an interesting "anomaly" in Thursday's market is that the automobile ETF (516110), which does not have "new energy" in its name, is actually better than a number of new energy index funds, such as the new energy of the same company. The car ETF (159806) rose much more sharply.
In fact, if you look at the past three months, the auto ETF has been even stronger, with an increase of 20.07%, twice the latter.
Why do car ETFs without new energy sources in their names perform better recently than those with new energy sources?
This is not that the benefits of “new energy” are not working, but that the benefits of new energy are further spreading.
In fact, you can know this just by looking at the recent performance of the heavyweight stocks of the two ETFs.
It is easy to find that the automobile ETF is mainly composed of vehicle manufacturers, with component manufacturers such as Fuyao Glass . What has recently boosted its performance are BYD, Changan Automobile, Great Wall Motors, Guangzhou Automobile Group and other vehicle manufacturers.
In contrast, in new energy vehicles, there are mostly upstream raw material manufacturers, such as the famous CATL, lithium and cobalt-related listed companies, etc., while there are very few complete vehicle manufacturers.
New energy vehicles are developing rapidly, and vehicle manufacturers are increasingly competing with each other. Upstream manufacturers such as Ningde and Lithium Cobalt, which have relatively high technical barriers and "sell water", generally make profits. This is a logic widely accepted by the market.
But obviously, at least in the past few months, this logic has changed slightly, and vehicle manufacturers have been favored.
Let’s talk about it in two parts. When it comes to new energy vehicles, people often focus on new car-making forces such as NIO, Ideal, and Xpeng, and are obsessed with their product capabilities, user systems, etc. But if we compare new energy vehicles to mobile phones, high-end brands like , apple , etc. have opportunities, but high-volume Android brands like , Xiaomi, , and Blue and Green Factory also have opportunities. If you look at the research reports of , Changan , Great Wall and other manufacturers, you will find that many analysts are optimistic about their prospects in new energy vehicles - after all, they can compete with imported brands, and the prices can reach three or four. Domestic mid-to-high-end new energy vehicles priced at RMB 100,000 are good (this has been reflected in recent stock prices), but affordable new energy vehicles priced at RMB 100,000 are also needed - especially from the perspective of driving volume and driving consumption, it is more important. The latter is what Chang'an and the Great Wall are good at.
So on these traditional brands, you can even see references to "the first year of new energy".
Although more traditional manufacturers’ efforts in new energy vehicles will ultimately benefit battery and lithium cobalt manufacturers, the indisputable reality is that battery lithium and cobalt manufacturers are approaching three-digit price-earnings ratio valuations, and traditional vehicle manufacturers 1 prefix 2 The valuation of the prefix. The past of liquor has long told investors that no matter how good the industry is, it must respect the gravity of valuation.
Against this background, expectations for traditional vehicle manufacturers’ new energy efforts may become a new trend in investment in the new energy vehicle industry in the future. In addition to the new forces in traditional vehicle manufacturing and the battery sub-industry, there will be more traditional manufacturers. On the path, you may be chasing each other.
And this kind of rotation means more trading opportunities for traders.Therefore, if you are willing to play micro-manipulation under of the new energy sector, the Automobile ETF (516110) is also a subsection worthy of attention.
