Recently, the rushed higher and was hindered, and the market fluctuated and fell back. The sector and individual stocks differentiated significantly. The semiconductor sector, which has been the focus of the market before, experienced a significant correction yesterday. Industry insiders pointed out that the semiconductor industry has not changed, and the callback is conducive to the further decline of valuation. It is recommended to pay attention to the leading segments of the semiconductor industry chain on dips.
According to data from the China Semiconductor Industry Association, in the first three quarters of 2020, the sales of the integrated circuit industry in mainland China reached 590.58 billion yuan, a year-on-year increase of 16.9%; among them, semiconductor design reached 263.42 billion yuan, a year-on-year increase of 24.1%; semiconductor manufacturing reached 156.06 billion yuan, a year-on-year increase An increase of 18.2%; semiconductor packaging and testing reached 171.1 billion yuan, a year-on-year increase of 6.2%.
Pan Wei, an analyst at Tianfeng Securities, pointed out that from a mid-to-long-term perspective, the boundary factors for the expansion of the semiconductor industry still exist. The downstream applications are based on 5G, new energy vehicles, and cloud servers. Domestic substitution is the current sector logic. “Growth” under substitution is better than “cyclical” considerations.
As the semiconductor industry accelerates localization, domestic semiconductor equipment and materials companies will benefit one after another. From the perspective of individual stock opportunities, in the field of semiconductor equipment, it is recommended to pay attention to China Micro, Northern Huachuang, Jingce Electronics, Changchuan Technology, Huafeng Measurement and Control, Jingsheng Electromechanical, Xinyuan Micro, Wanye Enterprise, Zhichun Technology, etc.; semiconductors In the field of materials, it is recommended to pay attention to Shanghai Xinyang, Jingrui, Qiangli New Materials, Nanda Optoelectronics, Jacques Technology, Jianghua Micro, Juhua, Haohua Technology, etc.