Global boom! Chip stocks quickly return blood and continue to sweep up capital in the North

category:Finance
 Global boom! Chip stocks quickly return blood and continue to sweep up capital in the North


In just half a day, the value of chip stock market with a total market value of nearly 2 trillion has soared over 42 billion. On the disk, the semiconductor seal test, national fund and other indexes rose surprisingly, quickly recovering the previous lost ground.

From the news point of view, Huawei has received hot attention from the United States for a comprehensive ban, and then Huawei responded that it was confident to find a solution. At the same time, Huawei urgently added $700 million to TSMCs order, and TSMC quickly denied the so-called disconnection rumors.

In the view of institutional personage, although the external environment changes increase uncertainty, the trend of domestic substitution is unstoppable. In addition, the state strongly supports the development of chip autonomy, and the latest central document is to set the science and technology strategy. In the future, the science and technology sector is still the key direction of layout. At the same time, some analysts believe that despite the recent frequent A-share shocks, individual stocks have entered the bull market ahead of schedule.

Global stock market is booming

Three major indexes of a share fluctuated upward

A big news set off capital enthusiasm, and the global stock market returned to the trampoline mode.

Recently, Moderna, an American biotechnology company, announced the new progress of vaccine, and the preliminary data of phase 1 clinical trials of 45 people were very positive. On the same day, Modernas share price soared nearly 40% before trading, and the share price of the same day closed up more than 18%. Analysts believe that the new strain on vaccines offers hope for an end to the epidemic and eliminates the biggest uncertainty in the capital market.

U.S. stocks rose in response to the news. In the morning of May 19, US stocks closed, and the Dow rose more than 900 points 3.85% , up nearly 1000 points in the session 2.44% , S & P 500 up 3.15% u3002 Prior to that, European, American, Middle East and other stock markets rose at the same time, while the stock indexes of Britain, France and Germany all rose by more than 4%.

Driven by the soaring global stock market, the Asia Pacific stock market also showed a collective trend of red opening.

Although the pattern of index volatility is still the same, 2315 companies rose in the two cities, 42 of which were trading up.

There is a significant increase in the risk appetite in the market. From the perspective of the market, gold stocks, which had risen sharply and had obvious risk aversion, ended their one-day tour, with a collective correction in the sector, while pharmaceutical stocks and military stocks also led the decline.

At the same time, the Hong Kong stock market also ushered in a high opening market. On the morning of May 19, the Hang Seng Index rose nearly 500 points, or more than 2%. As of around 12 p.m., Hong Kong stock represented by the Hang Seng Index rose 428 points, or 428 points 1.79% , led by Hong Kong semiconductor, auto and insurance sectors.

In addition, major Asia Pacific stock indexes such as South Korea and Japan rose nearly 2% on the same day.

The plate soared over 42 billion in half a day

Surprisingly, in just one day, chip stocks also recovered rapidly from the earthquake market, with an amazing rebound.

On the morning of May 19, the three indexes of a shares opened higher, and chip stocks strengthened again, showing a wave of upward attack. In the morning, the semiconductor sector, with a total market value of nearly 2 trillion yuan, rose by more than 3% and quickly recovered the land lost yesterday.

From the perspective of the panel, a number of chip related themes such as microled index, national big fund, smart speaker, photoresist, TWS headset, semiconductor industry, semiconductor sealing test, etc. are all in the red, sweeping the situation of high diving of the group yesterday.

In the sector, chip stocks such as Perry shares, Guoxing optoelectronics, Beijing Junzheng, Ziguang Guowei and Zhongwei companies rose more than 7%.

In ETF funds, chip ETF, semiconductor 50, 5getf and other technology ETF funds are hot to attract money again, among which chip ETF half day turnover is more than 1.5 billion yuan.

Another Hong Kong stock, Huahong semiconductor, also showed a significant rebound. In the morning, the stock price of Huahong semiconductor also rose by more than 4%.

We believe we can find a solution as soon as possible

From last week till now, the news that Huawei was completely banned in the United States has always affected the market, and Huawei has also quickly responded to this change.

On May 18, Huaweis 17th global analyst conference opened in Shenzhen. On the same day, Guo Ping, chairman in office of Huawei, also gave a positive response to the situation of Huawei being banned. On the same day, Guo Pings keynote speech also released a lot of information.

Guo Ping said that under the US ban, we are in a hurry and have been communicating with customers and partners. We can understand that. Now we are still in the process of communication. The United States puts great pressure on our operations and risk management, but the good news is that we are still alive and our R & D and inventory have increased dramatically.

The new order of the U.S. Department of Commerce will inevitably have a huge impact on us, but with this years grind, we are rough and thick skinned, and we are confident that we will find a solution as soon as possible, he added. We dont understand why the United States continues to crack down on Huawei, and what does this bring to the world?

Guo Ping also said: despite the pressure, Huawei will never move towards closure and isolationism, and we will still adhere to globalization. The strategy of globalization and diversification will not waver or change. We purchased $18.7 billion from the United States last year. If the U.S. government allows, we will continue to buy products from American companies.

In addition to Guo Pings speech, Huawei officially released a statement on the same day. In order to further curb Huaweis development, the U.S. government has ignored the concerns of many industry associations and enterprises, expanded and revised the direct product rules without any bottom line, and the revised rules are outrageous and have industrial destructive power, the statement said. Under this rule, the expansion, maintenance and continuous operation of the hundreds of billion dollar network built by Huawei products in more than 170 countries around the world will be impacted, and the information and communication of more than 3 billion people using Huawei products and services will also be affected.

Analysts believe that Huawei will not wait to die when the US restricts upgrading, and its latest voice also makes it clear that Huawei will respond to the incident.

According to overseas media, TSMC, an important supplier of Huawei, recently announced to build a factory in the United States, and also received an additional order of up to 700 million US dollars (about 5 billion yuan) from Huawei.

Although there were rumors that TSMC would stop taking orders from Huawei due to new restrictions in the US, the rumors also quickly weighed on the impact of chip stocks. On May 18, SMIC fell more than 10% and A-share chip stocks suffered a collective earthquake. However, TSMC later denied the rumors and said it was pure rumors.

Another source said that Huawei has transferred some chip OEM orders to SMIC international, which will rapidly expand its production capacity by more than six times under the support of national large fund and future IPO Financing.

In fact, in order to win the living space, Huawei has been actively taking measures since it was listed in the entity list by the US government last year.

Guo Ping said that Huawei, as an ICT equipment and terminal company, can do product design and integrated circuit design, but the company does not have many capabilities other than design, we are trying to find out how to survive.

According to the data, Huawei increased its R & D and inventory significantly last year in order to mend the hole. According to the data released by Huawei on site, R & D investment and inventory for unconventional reasons increased significantly last year, among which R & D investment increased year-on-year 29.8% , large increase in inventory 73.4% u3002 In addition, Huawei has invested more than One point five 10000 people, over 60 million lines of code and more than 1800 boards have been rewritten and designed, and the code has been purchased for troubleshooting One point six Ten thousand.

Individual stock bull market coming

It is worth noting that, despite the continuous disturbance of chip stocks, from the current performance of A-share market, the hot spots are still continuous, many individual stocks have frequently reached a new high, index is not moving, individual stocks are rising is very obvious.

On May 18, the A-share markets big consumer sector rose sharply, among which, the bull stocks frequently appeared in the food and beverage, agriculture, forestry, animal husbandry and fishery, medicine and other sectors, and many white horse stocks with high attention of institutional capital frequently reached new highs.

Data shows that on May 18, two white horse stocks, Maotai and Wuliangye, set new highs in stock price and market value. At the same time, 18 stocks, including Shanxi Fenjiu, Jinshiyuan, Zhongju high tech, Juewei food, three squirrels, Angel yeast, have also reached historical highs.

A number of stocks in the pharmaceutical sector also reached a new high in the year, including 20 stocks such as aer Ophthalmology, Changchun hi tech, Zhifei biology and Kangtai biology.

From 2015 to now, in five years, several large consumer stocks have grown into 100 billion Baima stocks, including Hengrui medicine, Yunnan Baiyao, aer Ophthalmology, Zhifei biology, Changchun hi tech, Meirui medical, yaomingkant, Haitian flavor industry, Shuanghui development, Luzhou Laojiao, Shanxi Fenjiu, etc. The white horse group with a market value of 100 billion shares has also been expanded again.

In the eyes of institutional people, although the index volatility is flat, the bull market of individual stocks has started ahead of schedule, and the performance is dazzling.

Yan Xiang, strategic analyst of Guosen Securities, pointed out that from the end of May 2019 to the middle of May 2020, there are 465 shares (173 of which have increased by more than 100%) with an increase of more than 50% in the past year, and the overall profit-making effect of the market has significantly exceeded that of 2017.

Whats the logic behind this? I think its probably mainly due to the decrease of the number of stable growth targets and the scarcity of stable growth varieties in the past few years.

According to Yan Xiang, this kind of market features more reflect the resilience and inelasticity of macro-economy. On the premise that there is no upward turning point in the economic cycle and monetary policy has not turned to tightening, it is expected that this feature of the market will still be maintained at an approximate rate, and the market may have a seesaw market in the two major sectors of consumption and technology.

Central 110 word capital market

In the view of the institutional personage, on the one hand, the external disturbance factors are gradually weakening, on the other hand, the domestic economy is gradually recovering, and with the continuous promotion of the macro policy around the capital market reform, the A-share market is also expected to usher in an opportunity period.

On the evening of May 18, the Central Committee issued another overweight document and issued the opinions on accelerating the improvement of the socialist market economy system in the new era. There are more than 10000 words in the opinion, which consists of nine parts. Among them, there are 110 words related to capital market. At the same time, the opinion also includes two aspects: stimulating market potential and market participants.

Among them, the key information around the capital market is to accelerate the establishment of a standardized, transparent, open, dynamic and resilient capital market, strengthen the construction of the basic system of the capital market, promote the reform of the stock issuance registration system with information disclosure as the core, improve the compulsory delisting and main delisting system, improve the quality of listed companies, and strengthen the protection of investors. To explore the implementation of the companys credit bond issuance registration management system.

Many institutions believe that this year will usher in the year of capital market reform, coupled with the introduction of macroeconomic policies to support economic recovery, A-share is also expected to usher in the key opportunity period of investment layout.

Xingshi investment believes that in the future, the A-share ratio will be separated from the external disturbance and dominated within. With the gradual recovery of the economy, the policy dividend is expected to come further, and it is expected that the second quarter is still a good time for A-share investment.

But for the future of technology stocks, especially chip stocks, which have more interference factors in the near future, many industry views are still optimistic. Guosheng Securities believes that the reform of capital market is speeding up, and it must and will become the key power to accelerate scientific and technological innovation. The growth of science and technology is the main line in the medium and long term. Again, we are ushering in a two-way expansion of the capital market for transformation and upgrading and technological innovation. The growth of science and technology will also become the main line in the medium and long term. According to Kaiyuan securities, the recovery speed of infrastructure industry chain is faster than that of manufacturing industry and terminal consumption; the order of recovery verification is infrastructure construction first, consumption later and growth industry (TMT) last. Infrastructure construction and consumption have become the focus of fiscal policy. We have observed that the approval and commencement of infrastructure projects have been accelerated, while the quantity, price and inventory of the meso indicators in the infrastructure industry chain have been improved. Source: China Fund News Author: Mo Fei editor in charge: Wang Xiaowu_ NF

Guosheng Securities believes that the reform of capital market is speeding up, and it must and will become the key power to accelerate scientific and technological innovation. The growth of science and technology is the main line in the medium and long term. Again, we are ushering in a two-way expansion of the capital market for transformation and upgrading and technological innovation. The growth of science and technology will also become the main line in the medium and long term.

According to Kaiyuan securities, the recovery speed of infrastructure industry chain is faster than that of manufacturing industry and terminal consumption; the order of recovery verification is infrastructure construction first, consumption later and growth industry (TMT) last. Infrastructure construction and consumption have become the focus of fiscal policy. We have observed that the approval and commencement of infrastructure projects have been accelerated, while the quantity, price and inventory of the meso indicators in the infrastructure industry chain have been improved.