On December 3, the three major A-share stock indexes oscillated and diverged. As of the close, the Shanghai stock index fell 0.21%, the Shenzhen Component Index rose 0.07%, and the ChiNext Index rose 1.10%. On the board, aquaculture, agricultural product processing, mining services, medical equipment, biological vaccines, industrial hemp and other sectors are active; non-ferrous smelting and processing, coal, organic silicon, cobalt, rare earth permanent magnets, national defense and military industries and other sectors are weak.
As of the close of A shares, statistics show that the total net inflow of northbound funds is 3.594 billion yuan. Among them, the net inflow of Shanghai Stock Connect was 3.331 billion yuan, and that of Shenzhen Stock Connect was 263 million yuan.
Guosheng Securities: With the continuous spread of good news about vaccines, the growth expectation of the superimposed real economy is clear, and the pattern of market volatility and upward trend is basically set. The operation of light index and heavy stocks is still the main strategy of market operation. Focus on the low- and medium-valuation sectors and cyclical recovery sectors in the expected economic recovery. Such as non-ferrous metals, machinery, petroleum, petrochemicals, etc.; pay attention to the new energy, semiconductor, military industry and other sectors in the “14th Five-Year Plan” that have high policy expectations and are greatly affected by rising risk appetite; pay attention to securities firms that continue to benefit from financial reforms, Insurance, banking, etc.; at the same time, pay close attention to investment opportunities in technology that have fallen sharply. Such as 5G, consumer electronics, digital currency, etc. Focus on opportunities for individual stocks in the vaccine sector.
Everbright Securities: From the perspective of the market environment, it is unlikely that financial stocks will continue to advance by leaps and bounds, but some oversold varieties may have rebound opportunities, such as some online game stocks, consumer electronics and military stocks in recent trading days. , The market outlook can continue to be observed. It is expected that the market is still dominated by structural opportunities.
Haitong Securities: At this stage, there are opportunities for technology, medicine, and the pro-cyclical direction that has been adjusted in the early stage. However, the performance of individual stocks is still a structural opportunity, even in the same sector. For investors, in addition to balanced style and portfolio holdings, they also need to closely track and understand the company’s operating status and development direction. Investors who are lacking in this regard can consider increasing the allocation of ETFs.
Opportunities in the intelligent driving sector?
AutoX, a self-driving car startup, officially announced the first batch of RoboTaxi (unmanned taxi) fleets in China that are fully unmanned and without remote control. It is reported that the RoboTaxi fleet integrates AutoX’s fifth-generation sensor system, equipped with the highest-resolution lidar and camera in China, to ensure ultra-high-precision sensing capabilities from the software and hardware level to respond to road conditions.
Soochow Securities stated that driverless driving is the latest subdivision track in the 5G downstream application scenarios, but with the largest potential space. It is expected that the global penetration rate of intelligent connected vehicles will accelerate in the future, and the Internet of Vehicles market space will maintain rapid growth. The performance of the target is gradually emerging. Under the rapid growth of the industry, the performance will continue to accelerate. It is recommended that long-term attention be paid to related targets of subdivided track such as intelligent networked vehicles, unmanned driving, and vehicle-road collaboration.
CITIC Securities predicts that the development of the domestic passenger car driverless market in the next 10 years can be divided into two stages:
From 2020 to 2025, the L1 and L2 automotive chip market will be the main stage. The penetration rate of ADAS functions continues to increase until it is gradually saturated. The main players include domestic in-vehicle chip manufacturers Horizon, Black Sesame, Huawei, and overseas Mobileye.
From 2026 to 2030, it will be a stage where the competition of L3 and above high-level tracks is the main phase. The functional penetration rate of L1 and L2 will be replaced by L3+. It is expected that the main players at home and abroad include Horizon, Huawei, Black Sesame, Nvidia and Mobileye . Among them, optimistic about Nvidia’s strength in high-level circuits.
Huaan Securities said that the implementation of autonomous driving focuses on costs, and domestic substitution and vehicle-road coordination are effective ways. At present, the price of sensors for self-driving vehicles is still relatively expensive, and mass production in the future will greatly reduce costs. In addition, roadside equipment sharing with vehicle-road coordination will reduce vehicle renovation costs. Because the vehicle-road collaborative V2X technology enables information sharing, the upgrade of roadside equipment or solutions will reduce the demand for bicycle sensing equipment, thereby indirectly reducing the cost of vehicle renovation. It is recommended to pay attention to Desay SV, Zhongke Chuangda, Qianfang Technology, Ruiming Technology, Hongquan IOT, NavInfo.
Reprint indicated source：Spark Global Limited information