Since November, the trend of new forces of car making has been eye popping. In just 16 trading days, the stock price of ideal automobile has risen by 272%. Since November, the stock price of ideal automobile and Weilai have increased by 116% and 82% respectively. The average daily turnover rate of Weilai is more than 20%. The market transaction is very active and the popularity is obvious.
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.
A shares led the rise, leading the way up 250% since the second half of the year
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
The recovery of production and sales of new energy vehicles has brought about a significant recovery in the performance of relevant vehicle enterprises. Taking BYD as an example, the growth rate of revenue and net profit in the first three quarters of this year reached 11.94% and 116.83% respectively.
In addition to downstream automobile enterprises, upstream raw materials such as lithium hexafluorophosphate are in the price rising cycle, which also drives the performance of relevant companies to recover. Databao sorted out the list of some listed companies with market value of more than 10 billion yuan in the upstream and middle reaches of the new energy automobile industry chain, such as raw materials and battery production. The listed companies met the consensus forecast of analysts that the annual net profit growth rate was positive or higher than the value disclosed in the third quarter report.
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.
Institutions are optimistic about future layout opportunities
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
(1) With the further expansion of the follow-up recovery to the third and fourth tier cities, the sales volume of the second tier auto companies is expected to exceed the expectation;
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
1) Leading enterprises with significant industrial advantages: Ningde times, Enjie shares, new Zebang, Yiwei lithium energy, pioneer intelligence, putailai, Ganfeng lithium industry, etc;
2) After turning the corner, BYD, dangsheng technology, xinwanda, etc. have entered into the medium and long-term growth of high-quality subdivision leaders;
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.