Chip, breeding, car strengthening

Summary:

1. The chip ETF (512760) was active on July 8, which once rose more than 2%. On the news, Samsung Electronics announced its performance. It is estimated that revenue in the second quarter may increase by 21%over the same period last year. This alleviates the market's concerns about the downturn of consumer electronics, chip manufacturers have risen. In the short term, investors need to continue to pay attention to the adjustment of the decline in consumer electronics; but in the middle and long term, the sector is still in the prosperity channel, and it can continue to pay attention to the new needs such as automotive electrification and intelligence. 512760) Investment value.

2. Both of the breeding industry are worthy of attention. One is the increase in corporate profits brought about by rising pig prices, and the other is the profitability brought about by the large production capacity of the transaction in the future. We think that the currentization is not thorough enough, and the price of pork may be stepped back. This round of pig cycle may be longer than the previous imagination. It is still at the time of the left layout. You can pay attention to the breeding ETF (159865).

3. New energy vehicles ushered in good news after July 8. According to data from the Federation of Federation, the sales volume of new energy passenger cars in June reached 571,000, an increase of 141.4%year -on -year, and a month -on -month increase of 35.3%. It can be seen that under the policy of halving the car purchase tax, the new energy vehicles not only have not been affected, but the improvement is exceeded by expectations. At present, with the further improvement of new energy vehicle products, and at the same time, consumers' willingness to purchase after the epidemic is enhanced, and then the state and local governments have successively introduced favorable policies such as fiscal subsidies and reduction of purchase tax. Continue to maintain a good growth trend. Can continue to pay attention to new energy vehicles ETF (159806), car ETF (516110) and other varieties.

text:

On July 8th, A shares opened high and low, maintained the weak shock, and the GEM finger led. On the industry sector, the concept of the Yuan universe is active all day, and the plates of pharmaceuticals, chips, breeding, electricity and other sectors are manifested; energy storage, automobiles, coal, etc. have differentiated adjustments. On the whole, the market hotspots are relatively scattered, showing the characteristics of fast rotation. As of the close, the Shanghai Stock Exchange Index reported 3356.08 points, down 0.25%; the Shenzhen Stock Exchange Index was reported at 12857.13 points, down 0.61%; the GEM refers to 2817.64 points, down 1.13%. The two cities sold 1.03 trillion yuan on July 8th, a slight reduction from the previous day. On July 8th, the turnover of the two cities was 1029.4 billion, a shrinkage of 23.6 billion compared with the previous trading day. Northern Fund buying 1.236 billion yuan throughout the day; of which 526 million yuan was bought at the Shanghai Stock Connect, and Shenzhen Stock Connect net purchase was 710 million yuan.

On July 8th, the chip sector performed very active in early trading. The chip ETF (512760) once rose by more than 2%, and finally closed up 0.88%.

Source: Wind

On the news, Samsung Electronics announced the preliminary results in the second quarter of June. The report shows that the company's server customers' continuous demand for their memory chips offsets the decline in smartphone sales affected by inflation, which has increased operating profit by 11%year -on -year, setting the best second quarter profit performance since 2018. In addition, Samsung estimates in the report that revenue in the second quarter may increase by 21%compared with the same period of the previous year, in line with market expectations.

After Samsung's data was released, the market believed that the demand for semiconductor chip might be as serious as the initial worry, so chip manufacturers such as TSMC rose sharply. As the demand for traditional electronic products shrinks, "cutting a tide" mainly occurs in the direction of consumer electronics; while the boom of the vehicle power chip and the MCU product of the car is still high, many tensions of supply and demand are not reversed, so the vehicle is used for vehicles, so the car is used for vehicles. Semiconductor chips still have strong growth momentum.

In the long run, the electrification of automobiles is the general trend, and the demand for driving chips such as CIS, storage, and MCU will increase high. Changjiang Securities pointed out that there are more than 400 billion car -conducting semiconductor chip stock markets worldwide, which will continue to grow steadily in the future; the Chinese market accounts for about 1/4 of the world's total, but the current Chinese automotive semiconductor market is highly monopolized by European and American and Japanese manufacturers. With the continuous deepening of automobiles and intelligence, it will drive the penetration of semiconductor chips in the automotive field, and at the same time, the degree of localization is also expected to continue to usher in improvement.

In the short term, investors need to continue to pay attention to the adjustment of the decline in consumer electronics; but in the middle and long term, the sector is still in the prosperity channel, and it can continue to pay attention to the new needs such as automotive electrification and intelligence. 512760) Investment value.

The breeding sector continued to rebound under the strong pig price. On July 8th, ETF (159865) closed up 0.78%and closed up 8.37%. The general view of the market is to compare the past two rounds of super prosperity cycles. The substantial gap in the capacity of the capacity has not yet appeared. The current capacity level can support the return of pig prices to return, but there is still a gap between the capacity level that supports the continued high operation of pig prices.

The difference is that some institutions believe that the production capacity will be restarted in the third quarter. The Yangtze River Agricultural Team pointed out that according to the number of monthly freshmen of the Ministry of Agriculture and Rural Ministry, the number of newborn piglets in April to May from April 2022 increased significantly from the first quarter. Five months later, from September to October 2022 to October, the number of pigs out of pigs is expected to be large, and then superimposed on the current pressure fence, the secondary fattening pig delayed to the post-columns, and extended the weight of the fence after the breeding time. Therefore, it is expected that after September The supply of pigs and pork is expected to increase. Another part of the institution believes that the current pig cycle has been opened. On the one hand, there is no major incident of passive de -capacity such as blue ear disease, African swine fever, and environmental protection reform in this round of pig cycle. On the other hand, in the context of pig houses and low industry capacity utilization rates, adjusting sow increases can adapt to the warmth of the industry. Compared with factors such as the construction cycle in the past, the current industry capacity adjustment cycle is greatly shortened, and this will basically change the characteristics of the pig cycle operation. This round of pig cycle may show a small rebound and short cycle.

Both of the breeding industries are worthy of attention at the two views. One is the increase in corporate profits brought about by rising pig prices, and the other is the profitability brought about by the large production capacity of the transaction in the future. We think that the currentization is not thorough enough, and the price of pork may be stepped back. This round of pig cycle may be longer than the previous imagination. It is still at the time of the left layout. You can pay attention to the breeding ETF (159865).

New energy vehicles ushered in good news after July 8. According to data from the Federation of Federation, the sales volume of new energy passenger cars in June reached 571,000, an increase of 141.4%year -on -year, and a month -on -month increase of 35.3%. It can be seen that under the policy of halving the car purchase tax, the new energy vehicles not only have not been affected, but the improvement is exceeded by expectations. From January to June, the new energy passenger vehicle wholesale was 2.467 million, a year-on-year increase of 122.9%. In June, the retail sales of new energy passenger cars reached 532,000, an increase of 130.8%year-on-year, and a 47.6%increase of 47.6%month-on-month. From January to June, the domestic retail of new energy passenger cars was 2.248 million, a year-on-year increase of 122.5%.

Last year, the penetration rate of new energy passenger vehicles exceeded 15%of the key points, and it had already entered the fast track of accelerated penetration. At present, with the further improvement of new energy vehicle products, and at the same time, consumers' willingness to purchase after the epidemic is enhanced, and then the state and local governments have successively introduced favorable policies such as fiscal subsidies and reduction of purchase tax. Continue to maintain a good growth trend. Interested investors can continue to pay attention to new energy vehicles ETF (159806), car ETF (516110) and other varieties.

risk warning

Investors should fully understand the differences in the method of savings such as funding fixed investment and zero deposit. Regular fixed investment is a simple way to guide investors to make long -term investment and average investment costs. However, regular fixed investment does not avoid the risks inherent in fund investment, cannot guarantee investors to gain benefits, nor is it an equivalent financial management method to replace savings. Whether it is the stock ETF/LOF/classification fund, it is a variety of securities investment funds with higher expected risks and expected income. Its expected income and expected risk levels are higher than mixed funds, bond funds and currency market funds.

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The short -term rise and fall of the sector/fund is only used as an auxiliary materials for the analysis of the article. It is for reference only and does not constitute a guarantee of fund performance.

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The above views are for reference only, and do not constitute investment suggestions or commitments. If you need to buy related fund products, please pay attention to investors' appropriate management regulations, do a good job of risk assessment in advance, and purchase fund products that match it according to your own risk tolerance. The fund has risks, and investment needs to be cautious.

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