An interesting phenomenon is that there are many institutions that are optimistic about the new energy automobile industry, but few are optimistic about Tesla and its shares. However, this did not affect Teslas trend. Following the 20% rise of Teslas stock price on February 3, Teslas intraday price rose over 24% to $968 on February 4, approaching the $1000 mark. However, the final closing price was $887, up 13.73%, with a market value of $159888 million, or 1.12 trillion yuan. Tesla rose 52% in four trading days between January 29 and February 4.
With the soaring of Teslas share price, A-share new energy industry giant Ningde Times rose all the way. On February 4, Ningde Times rose again, with a market value of nearly 330 billion yuan, becoming a real gem brother. The echoing of the two industry giants of us and a shares has significantly stimulated the enthusiasm of funds to do long in the new energy vehicle sector.
The two camps of foreign investment and public fund-raising have stepped up their research, which also shows that the investment intention is to copy the bottom of A-share automobile sector. According to wind data, the public funds position in auto stocks reached the lowest level in ten years at the end of the third quarter of last year. The allocation proportion of public fund to auto industry was only 2.05%. The phenomenon of ultra-low allocation means that large funds have enough space to explore in the new energy auto sector.
Two days up 36%, Tesla became the worlds second largest car maker
Teslas share price rose strongly after reports that Panasonics joint venture with Tesla made profits for the first time. On February 3, Teslas stock price quickly stood at $700 at the beginning of trading. By the end of trading, its share price was as high as $780, up 19.89% on a single day. Its market value soared to $140.6 billion, making it the worlds second largest car company by market value, next to Toyotas $193.7 billion by market value.
Thats not over. On February 4, Teslas share price continued to rise 13.73% and its market value reached $15988000000. That is to say, in just one month, Teslas market value soared more than 80 billion US dollars, equivalent to more than 550 billion RMB.
It is worth mentioning that Teslas share price stands out from the rest of the U.S. auto sector. Ford, general motors, Daimler, BMW, Toyota and so on have all fallen into a downturn in their stock prices in recent years. Even though Teslas shares soared 20% on February 3, the U.S. auto sector did not follow Teslas lead.
Teslas trend is an independent market, and with the rise and fall, prosperity often occurs in the immature market. People from private fund companies in South China told Chinese securities companies that a shares are close to maturity but not yet mature, and the phenomenon of rising and falling is more obvious, but the strategy of a shares should not be put in the U.S. stock market.
According to the above people, if Tesla cant be bought due to the soaring stock price, or if the stock price is too high, they will buy other auto stocks of US stock, which may not be suitable for US stock investment market.
As a matter of fact, Teslas share price has soared recently, but on the contrary, Teslas peers have not enjoyed prosperity due to the violent market of leading companies. During the period when Teslas share price has soared, Toyotas share price has declined to a certain extent in the past five days, and Fotons and GMs shares have basically failed to perform. If the past three months are prolonged, the stock price of Toyotas share price will fall In the case that Teslas stock has doubled, most of the U.S. auto companies share price increases over the same period are negative.
Hand in hand with Tesla, war epidemic in Ningde Era
Panasonics good performance is not the only factor stimulating Teslas share price. In the evening of February 2, Ningde times, a listed company of a shares in China and the worlds largest manufacturer of automotive power batteries, announced that it will provide Tesla with lithium-ion power batteries on July 1, 2020, and the supply agreement will last until June 30, 2022.
What does the news mean? This shows that Chinese companies have successfully entered Teslas core suppliers. According to a Shenzhen fund company, the announcement ended the era when Teslas core components were exclusively provided by Japanese and European companies, which was a major good for Chinese listed companies. But it also shows a crucial information. The entry of Ningde era indicates that Tesla Shanghai factory may accelerate again, or will accelerate the implementation of localization rate of Tesla auto parts in mainland China.
The above announcement strongly stimulated the public fund managers interest in Ningde era, and made Teslas trend in the U.S. market perfectly resonate with Ningde era, A-share listed company. On February 3, Teslas share price soared by 20%, and Ningde era accelerated its surge on February 4. Half an hour later, the capital will be put on the trading board of Ningde era.
The strength of Ningde era is based on the fact that the first trading day of the year of the stock rat has been independent of the market. Based on the announcement of entering into Teslas core supply chain on February 2, under the background of the limit of 1000 shares, Ningde Times rose by more than 3% strongly, and then rose again the next day, so the market value of Ningde times was close to 330 billion yuan.
Reduce old lover, public fund ammunition to auto stocks?
A large-scale public fund person in Shenzhen told the securities company China that the main line of the A-share market in 2019 is semiconductor and big consumption. In fact, the leading companies in these two fields are strongly promoted by the group under the background that the institutions have the right to speak and the right to price. In 2020, the main line of the market is likely to be slightly adjusted, and the rate of public funds will probably reduce the heavy increase in 2019 Warehouse stock.
Tonghuashun data also shows that under the background of A-share market violent rebound on February 4, auto parts and other electronics became the industry with the largest net inflow of A-share market funds on February 4, with a net inflow of 300 million on that day. In contrast, the net outflow of semiconductor sector is up to 3.2 billion yuan, and that of medical device sector is close to 2.3 billion yuan.
The above outflow of semiconductor and inflow of auto stocks means that the public fund is going through a major position adjustment after the holidays. The semiconductor sector, which gained two or three times last year, may become a victim of fund managers post adjustment.
Some fund managers have moved ahead. Lin Peng, the fund manager of Dongfang hongruifeng fund, revealed in the latest four seasons report 2019 that the fund has increased the allocation of information industry and game stocks, especially in the layout of new energy vehicle sector, but the fund has reduced some of the heavyweight stocks with huge growth in the early stage.
Obviously, after Teslas share price doubled in the last month, the post holiday A-share capital has maintained a strong focus on the new energy vehicle sector, which is probably an area that the new coronavirus cannot break during the outbreak.
A-share listed company, Yinfei storage, also released a notice concerning Tesla on February 4, which indicates that the company is a global procurement supplier of Tesla, and has signed a high shelf supply contract with Tesla (Shanghai) Co., Ltd. for projects such as Tesla super factory (phase I). The contract stipulates delivery on February 10, 2020 and installation on February 15, 2020.
This announcement is crucial for the sound storage in the event of a catastrophic stop. In the morning of February 4, after the drop of the first word board opened on February 3, Yinfei storage opened again at the drop limit price, but the above announcement of Yinfei storage began to appear in the next few minutes, which successfully prevented the virus epidemic from hitting the companys share price. In six hours, it realized the daily floor, rising from the opening limit to the closing limit.
Low institutional position, foreign capital to copy the bottom of A-share auto stocks?
In the context of the recovery of the new energy automobile industry, the violent pull-up of the two giants in Tesla and Ningde era has significantly boosted the whole new energy automobile sector of a share.
The protagonist of the story in 2020 may be that there was not much capital allocation in the past, and the new main line is likely to be new energy vehicles and their industrial chain, not only the recovery of prosperity, but also that this main line has not been allocated on a large scale. According to the above-mentioned public fund manager, compared with the old core assets that skyrocketed in 2019, there is no large-scale clustering and sedan chair lifting phenomenon in the new energy vehicle sector, and only in the fourth quarter of last year did funds start to buy these industries.
Wind data statistics also show that as of the end of the third quarter of 2019, the allocation proportion of public fund managers to the automobile industry is only 2.05%, down from 2.23% at the end of the second quarter of 2019. The data of 2.05% is also the lowest value of auto stocks allocated by public funds since 2010. This news shows that the phenomenon of ultra-low distribution means that public funds have enough space to explore in the new energy vehicle sector.
A fund company in South China believes that foreign investors have always been reluctant to carry sedan chairs, especially in areas where domestic capital allocation is not large but the industry trend is obvious. Auto stocks have been in a very low proportion in the public offering allocation in the third quarter of 2019, which is more suitable for large capital to copy the bottom. This may be a point of concern for foreign investors, but the background is that the trend of new energy automobile industry is very clear And the direction of foreign investment will also guide domestic funds to a large extent.
According to a piece of information released by A-share listed company Ningbo Huaxiang at the end of January, several foreign institutions including Singapore Temasek, Morgan asset and South Korea SamSung asset investigated Ningbo Huaxiang. According to the research contents of foreign institutions disclosed by Ningbo Huaxiang, these foreign companies are quite interested in the new energy vehicle business, including the matching problems between Ningbo Huaxiang auto parts business and domestic auto companies.
Liu Ankun, the fund manager of RONGTONG fund company, also believes that from the perspective of the whole year, we can still focus on the industry segmentation from the perspective of industry prosperity and the logic of valuation cost performance. One of the main lines is new energy vehicles. According to the latest quarterly report of the reverse strategy fund managed by Liu angun, the fund significantly increased the proportion of Auto Parts Companies in heavy positions at the end of the fourth quarter of last year.
Optimistic about the industry and not optimistic about Tesla becoming the mainstream of international investment banks
It is worth mentioning that although foreign institutions and public funds are optimistic about the new energy vehicle sector, for Tesla, which has a strong momentum at present, the international investment banks continue to empty Tesla while they are optimistic about the vehicle stocks.
Optimistic about the industry does not mean optimistic about a company. Teslas tactics are beyond the understanding and recognition of many international investment bank analysts, which is the reason why Tesla is regarded as an alien and cheater. Some international investment bank analysts believe that Tesla will eventually collapse after the layout of new energy vehicles by traditional automobile giants. The reason for these analysts is that GM, Ford, Toyota and BMW have more abundant capital Technology and brand power.
Einhorn, the founder of greenlight capital, announced a while ago that he would continue to be bullish on GM in the United States and short on Tesla. Meanwhile, new street research, an international investment bank, recently announced that it would raise Teslas target price from $530 to $800. The company said that with the recent development of electric vehicle manufacturers, the expected market rally until 2025 has been overdrawn ahead of the current rally, that is, the investment bank believes that Teslas stock prices are now in a long-term bubble.
International investment banks are optimistic about the new energy automobile industry, but few are optimistic about Tesla, with some exceptions. Argus research, Teslas largest long and well-known investor, thinks Teslas target price is $808.
But even with Teslas iron powder, analysts at the international investment bank believe that Tesla may have a 70% chance of not being able to build a fully autonomous car and have no confidence in its autonomous technology. JPMorgan is also a major bear on Tesla, whose current share price is grossly overvalued for a carmaker, Adam Jonas, an analyst at the international investment bank, said in a report. He believes that investors will eventually stop looking at Tesla as a technology company and cause its market value to plummet to the level of other manufacturers in the traditional automobile industry. That is to say, Tesla is an automobile company, while investors value it as a technology company. The report emphasizes that Teslas share price will eventually fall back, just like other U.S. car leaders with low share prices Sample. In addition, Adam Jonas, an investment bank, predicted that Teslas share price would eventually plummet by at least 50%. Source: responsible editor of Securities Times: Yang bin_nf4368
But even with Teslas iron powder, analysts at the international investment bank believe that Tesla may have a 70% chance of not being able to build a fully autonomous car and have no confidence in its autonomous technology.
JPMorgan is also a major bear on Tesla, whose current share price is grossly overvalued for a carmaker, Adam Jonas, an analyst at the international investment bank, said in a report. He believes that investors will eventually stop looking at Tesla as a technology company and cause its market value to plummet to the level of other manufacturers in the traditional automobile industry. That is to say, Tesla is an automobile company, while investors value it as a technology company. The report emphasizes that Teslas share price will eventually fall back, just like other U.S. car leaders with low share prices Sample.
In addition, Adam Jonas, an investment bank, predicted that Teslas share price would eventually plummet by at least 50%.