htmlOn October 20, semiconductors rose rapidly during the session, and the sector rose more than 4% , and many large companies began to repurchase stocks.
What does this market trend show? Hong Kong stock market value continues to decline, The market has been bear market for two years. How should we correctly see this market? Follow my steps and let's see what's going on together.
Today's semiconductor rebounded oversold 's . The two important reasons are
1. The two leading performance is superior
A few days ago, a semiconductor manufacturing company in Taiwan, China announced its third-quarter financial data, and many indicators hit new highs. Revenue in the third quarter of 2022 was US$20.23 billion, an increase of 35.9%; gross profit margin increased by 9.1%. As the global leader in semiconductor foundry, 's performance and trends have had an important impact on the semiconductor industry .
In addition, European lithography machine leading company recently released its third quarter financial report for 2022, with sales and profits exceeding market expectations , and the new net booking amount also set a record. The third-quarter financial report showed that its net revenue in the third quarter increased to 5.8 billion euros, exceeding the previous expectations of 5.39 billion euros; the gross profit margin was as high as 51.8%, which was also higher than expected. In addition, the net booking volume of lithography machine leading company in the third quarter also reached a record 8.9 billion euros.
2, the leading domestic chip, gradually replacing foreign chips
China's leading Chinese chips, gradually replacing foreign chips. It is expected that the localization of the industrial chain will accelerate again, and domestic manufacturers related to are expected to usher in major development opportunities . Due to the influence of US export controls, overseas restrictions on the development of domestic semiconductor industry, and domestic substitution in the semiconductor field will develop rapidly with the strong support of the country. The process of domestic substitution of power semiconductors in the entire industrial chain has accelerated. For example, some previously weak links in the semiconductor equipment and materials fields may be developed; IC designs such as analog and digital chips are expected to be further improved; the process of domestic substitution of power semiconductor devices in the third-generation semiconductor fields such as silicon carbide has also been significantly improved.
These are some institutions 's views on semiconductor's daily limit
I also sorted it out
What's going on with the decline in Hong Kong stocks?
Hong Kong stocks have been in a bearish position since the beginning of 2021. It has been almost two years since the market Hang Seng Index point has also fallen from 30,000 points to 16,800 points, with a retracement of about 44%. In this wave of sharp drop, the Hang Seng Index's price-to-earnings ratio fell from 17 times to more than 7 times, which is one of the rare undervalued moments.
These are some institutions' views on Hong Kong stocks decline
I have also sorted it out for
(Investment is risky, please be cautious when entering the market)
