is upset, Hong Kong stocks technology, medicine, consumption, real estate and other sectors fell sharply, new energy vehicles companies also fell collectively, and the ChiNext Index fell by more than 1%.
, but various new track stocks continue to explode, such as Chiplet concept stocks in the chip sector and TOPCON concept stocks in the battery direction. Among them, Chiplet leading stocks Dagang shares are not afraid of the attention of the exchange, and emerged from the 15-day 11-board market. The mini fund taken over by Cai Songsong once topped the top earnings list.
Will this be the next main idea?
01
burst! The 360 billion giant dived
Soy sauce Maohaitian Flavor Industry, with thick eyebrows and big eyes, suddenly plunged in the morning.
Opening After fell 1%, after fluctuated narrowly within . After 10 points, the stock price of soy sauce Maohaitian Flavor Industry suddenly plunged and fell 4.89%, with a total market value of 361.578 billion yuan.
, which also makes soy sauce, Zhongju Hi-Tech and Qianhe Flavor Industry , fell 0.56% and 1.36% respectively.
In this regard, more investors believe that the interim report of Haitian is likely to be lower than expected. Golf Club @ 404notfound1996 believes that performance is almost zero growth, no exclusiveness, the product line is a fully competitive market, there are a large number of homogeneous substitutes, the market share is already very high, and the marginal business enhancement cost is huge, which is extremely similar to the fundamental of Gree air conditioning . Then the valuation of this dynamic 50PE is simply terrible!
Fans friend @ Lao Bai 1655 asked: Why is the market giving soy sauce a long time to value semiconductors?
There are also golfers @快7v6. Firmly believe in the "pattern": if you use time to exchange space, you would rather have a bumpy 20% annualized return than a stable 4% annualized return.
Since last year, the stock prices and valuations of large consumer sectors, including liquor, home appliances, condiments, education, etc., have continued to fall, and the stock prices of some companies have fallen from highs. The continued sluggish performance of consumer stocks has also made many well-known fund managers who grew up in the last round of long-term bull market for consumer stocks feel uncomfortable, and many fund managers have seen a sharp drop in the net value of products under their hands.
Next, can the pessimistic expectations of consumer stocks change? How to get to the market pace?
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02
Chiplet concept is popular!
Dagang shares 15 days 11 board
htmlOn August 10, Dagang shares opened high and closed high and hit the daily limit again. As of the close, Dagang shares reported at 18.36 yuan, with a total market value of 10.6 billion yuan.In the past seven trading days, Dagang Co., Ltd. has achieved seven consecutive boards, and has recorded 11 daily limits in 15 trading days. The cumulative increase in the stock price of has reached 155%, which can be said to be the speed of riding on the Rockets.
htmlOn July 21, the share price of Dagang Co., Ltd. was only 7.2 yuan, with a market value of 4.17 billion yuan. In more than half a month, the market value increased by 6.4 billion yuan. Based on 32,000 shareholders, the average profit per person was 200,000 yuan. Some investors said that because they sold too early, they are now feeling like they are cutting off their daily limit every day.
During the stock price soaring, on the evening of August 8, the Shenzhen Stock Exchange issued a letter of concern, requiring Dagang Shares to verify whether shareholders, directors, supervisors, senior management personnel and their immediate relatives have been buying and selling company stocks in the past three months, and whether there are suspected insider trading. The next day, Dagang shares still hit the daily limit again.
The surge in Dagang shares is related to the recent hot Chiplet concept.
It is understood that Chiplet is also translated into chiplets or dies. It can be considered a "chip with smaller particle size".In the view of scientific research and industry, Chiplet can significantly improve the yield of large chips; it is conducive to reducing the complexity of design and design costs; it is expected to reduce the cost of chip manufacturing.
In fact, since August, chip concept stocks have risen sharply. Many html three stocks such as Dagang Co., Ltd., Huada Jiutian, Guangxin Materials, html has risen by more than 50% since August, and individual stocks such as Xinyuan Micro, Jialun Electronics, and Huafeng Measurement and Control have risen by more than 40%.
It is worth mentioning that on the evening of August 9, Biden officially signed the 350 billion Chip and Science Act, which will provide huge subsidies to the US domestic chip industry and require any company that accepts US subsidies to manufacture chips in the US. Simply put, it is "investing in the US, research and development in the US, and manufacturing in the US."
However, on Tuesday, US stocks chip stocks plunged in the trading session. Philadelphia Semiconductor Index fell by 5.7%, TSMC fell by more than 3%, warning that poor revenues of Nvidia and Micron Technology fell by nearly 4%.
Northeast Securities believes that the US bill will increase the importance of countries in the semiconductor industry and is expected to accelerate the independent and controllable progress of my country's semiconductor .
The pre-opening of the post-Moore era led by Chiplet also brought the local semiconductor sector to a golden period of accelerated catching up. Tianfeng Securities believes that advanced packaging is potentially disruptive, and it is predicted that advanced packaging will grow a compound growth rate of 7% from 2019 to 2025, and its scale will reach US$43 billion by 2025.
03
photovoltaic industry chain has set off a daily limit
In addition to Chiplet, TOPCON batteries, perovskite batteries, etc. in the photovoltaic track also have outstanding performance. Junda shares, the leading stock in the battery sector, hit the daily limit. After a 10-fold surge in two years, the stock price hit a new record high.
In addition, TOPCON battery concept stocks such as Dongxu Lantian, Suzhou Gutech , Aotwei, Jiayu shares , Lingda shares, and Zhonglai shares all strengthened.
For the photovoltaic industry chain, reducing costs and increasing efficiency is still the top priority, and battery conversion efficiency is the key to reducing costs in the future. At present, the efficiency of mainstream PERC batteries is close to the theoretical ceiling, and the new battery TOPCon and HJT projects are accelerating production expansion, and related concept stocks have performed well in the recent past.
Market insiders believe that TOPCon photovoltaic solar cell technology is approaching its mature route infinitely.
It should be noted that the US Senate passed the largest climate bill in history. The scale of this bill is as high as US$369 billion, and the content mainly involves five major aspects. Among them, the second part of the bill is highly valued by the market, focusing on clean energy manufacturing, including solar panel , wind turbine , batteries, electric vehicles , hydrogen production, and many subdivisions including key minerals.
"In the field of large-scale industrialization, some investors believe that China no. 1" In addition, Guojin Securities believes that under the combined effect of factors such as parity, epidemic, and dual carbon, the demand for photovoltaic installed capacity will continue to increase rapidly. In a neutral situation, it is expected that the global new installed capacity will be 230/330/420GW from 2022 to 2024, with a compound growth rate of 35.2%.
04
Chip fund returns to its "throne"
Cai Songsong changes the fate of mini-base
Since the low point in April this year, chip-related stocks have started a round of counterattack, with the cumulative increase of nearly 20%, and the semiconductor "Return of the King" has attracted much attention from the market. The well-known fund manager Cai Songsong is also being named "god" again. Its representative product, NoAn Growth, rose by more than 10% in the past week.
Some investors also noticed that Cai Songsong's newly acquired mini fund has risen by more than 20% since his takeover: "I didn't expect that after Mr. Cai took over NoAn Optimized Configuration Mixed, the net value of this fund exploded directly, and his returns ranked third in the market in the past month... After turning over Mr. Cai's holdings in fund interim report, NoAn Innovation Drives Main Domestic Software Sub- Semiconductor Chip , NoAn Hexin Flexible Main Domestic Software Sub-domestic Software Sub-domestic Software, NoAn Growth Mixed is almost all in semiconductor chips.According to the market trend, it is estimated that after Mr. Cai took over in July, he replaced all the positions optimized for Nuoan to chips. It was only 1 million yuan anyway. It’s easy to turn around if the boat is small..." (Friends @新彩子博官网彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩彩� )
is different from most fund managers. Cai Songsong's style is sharper, with a heavy holding of chips and semiconductors. The personal profile says: Be the sharpest spear.
In 2019, Cai Songsong became a fund manager. One year after taking office, he jumped into the ranks of 10 billion fund managers. Nuoan Growth (320007) managed by Cai Songsong once exceeded 30 billion yuan in the previous scale , accounting for more than half of the total assets of of the equity fund of Nuoan Fund, which also makes Cai Songsong the "pillar" of Nuoan and the focus of industry and investors. However, due to the extreme style and the rise and fall, Cai Songsong's "reputation" has also been controversial.
Regarding the outside world's doubts about him "betting" and "betting big", he explained the logic of the growth fund managers will appear more radical, which is undeniable. But Long-term fund managers value the explosiveness of the industry more. Don’t think that it will grow by 20% or 10% this year, but after a new product comes out, it will double or double the growth rate next year. But often you need to prove more things, and you need to conduct repeated analysis, judgment and research and demonstration, because the sustainability of this product is uncertain.
If the prosperity of this industry has shown a turning point, you must objectively evaluate your choice and find the next industry with higher prosperity. I have always been optimistic about the high-quality core assets in the high-prosperity track. At this stage, the chip industry is at the starting point of a high-prosperity, but it is not static to choose the chip industry.
(Risk warning: The views mentioned in this article only represent personal opinions, and the target involved is not recommended. If you buy and sell based on this, you are at your own risk.)
