After the rapid development, the new forces of car making kept overtaking, and the position of China stock market in the United States changed. Weilais latest market value is US $75.1 billion, ranking No.4 among US stocks in terms of general stocks, after Ali, pinduoduo and Jingdong. Xiaopeng Autos latest market value soared to US $52 billion, surpassing Baidu to become the 7th highest company in US stocks.
On the other hand, all three major U.S. stock indexes rose overnight, with the Dow Jones Industrial Average up 1.12%. Oxford University and AstraZeneca announced that the vaccine efficiency could reach up to 90%. According to the news, the United States could distribute the vaccine as soon as the middle of next month. International oil prices rose collectively, with NYMEX crude oil futures up 0.99% for six consecutive days, reaching a three-month high.
Although unlike the new forces of car making of China capital stocks, the A-share new energy automobile stocks are still bull stocks in the near future. Wande new energy vehicle index rose 68.43% in the second half of the year, and the stock price of Great Wall Motor has risen 253% since July. BYD and Foton have doubled their prices.
On the news surface, new energy vehicles have been stimulated by positive news. In early November, the national Standing Committee issued the new energy vehicle industry development plan, which clearly defined that it will support the new energy vehicle industry in the fields of technological innovation, system design, infrastructure, etc. On November 18, the national Standing Committee once again focused on automobile consumption, proposing to expand automobile consumption and encourage all localities to increase the number plate index. In addition, Haikou, Hefei, Hubei and other places have also introduced various policies to stimulate the consumption of new energy vehicles and the construction of related industrial chains.
Industry chain leaders expected to improve performance
From the perspective of stock price trend, the stock prices of Listed Companies in the middle and upper reaches of the industrial chain, which are expected to improve, have generally reached a new high recently. Among the 25 stocks selected, the latest price of 15 shares is less than 10% from the highest point of the second half of the year. According to the consensus forecast of the change range of the annual net profit, Tianci materials, Hanrui cobalt and other 9 stocks forecast that the annual net profit will double.
Recently, institutions have launched 2021 strategy and industry research and judgment, and most institutions hold a firm and optimistic attitude towards the future trend of new energy vehicles.
Guotai Junan research paper points out that it is still in the initial stage of the fifth round of automobile production and sales cycle. This round of domestic demand repair comes from the economic recovery after the epidemic and the recovery of consumption. With the continuation of the subsequent recovery of domestic and external demand, the sales data of passenger cars continue to improve, and the layout of the automobile industry is at the right time.
Under the background of domestic and external demand recovery, there are two main lines worth exploring
(2) The recovery of external demand led to a high increase in the performance of auto parts, followed by a recovery of low demand for overseas inventory. There is a possibility that the subdivision of spare parts will continue to grow at a high level and exceed market expectations.
Guohai Securities believes that the next 5 to 10 years will be the golden decade for the changes of new energy automobile industry and the rise of leading enterprises. The trend of new energy vehicles replacing traditional fuel vehicles is irreversible. From the definition of traditional mechanical hardware to the definition of software, electric vehicles are the important carrier of intelligent and networked vehicles in the future, which is of great significance. The change of the automobile industry will be accompanied by the value transfer of the industrial chain, and attention should be paid to the front-end R & D design, technology upgrading and back-end software premium. The new energy vehicle industry is now in the era of blooming electric 3.0, and the global supply chain subdivision leader ushers in medium and long-term investment opportunities.
Guohai Securities suggests four directions for layout:
1) Subdivided leaders with significant industrial advantages: Ningde times, Enjie shares, new Zebang, Yiwei lithium energy, pioneer intelligence, putailai, Ganfeng lithium industry, etc.; 2) high quality subdivided leaders such as BYD, dangsheng technology, Xinwangda, etc. which have entered the medium and long-term growth after the dilemma reversal; 3) hexafluorophosphate, whose product price is expected to continue to rise due to the significant improvement of supply and demand pattern due to the recovery of the industry The industrial chain of lithium acid / solvent / electrolyte: Tianci materials, new Zebang, Shida Shenghua, duofuduo, etc.; 4) the targets that are expected to reverse the difficulties and have a large expectation difference: Shanshan shares, Xingyuan materials, Funeng technology, Nord shares, rongbai technology, BAIC Blue Valley, etc. (fan Luyuan, data bank) stated: all information content of data treasure does not constitute investment advice. The stock market is risky and investment should be cautious. Source: Securities Times editor in charge: Yang Bin_ NF4368
2) After turning the corner, BYD, dangsheng technology, xinwanda, etc. have entered into the medium and long-term growth of high-quality subdivision leaders;
3) Benefited from the recovery of the industry, the supply and demand pattern has been significantly improved, and the product price is expected to continue to rise in the lithium hexafluorophosphate / solvent / electrolyte industry chain: Tianci materials, new Zebang, Shida Shenghua, duofuduo, etc;
4) The targets that are expected to reverse the dilemma and have a large expectation gap are: Shanshan shares, Xingyuan materials, Funeng technology, Nord, rongbai technology, BAIC Blue Valley, etc. (fan Luyuan, databao)
Statement: all information in data bank does not constitute investment advice. Stock market is risky and investment should be cautious.