Today's disk brief description: foreign investment Shanghai-Shenzhen-Hong Kong Stock Connect closed (today and tomorrow), domestic investment did not smash the disk, or there is a bottom line, these days to maintain a stable market, the index still has a new high possibility.
Judging from the performance of the world's major stock indexes, the stock markets that led the gains in the first half of the year, such as Vietnam, Russia, India, etc., are basically emerging market indices.
At the same time, China's double innovation index is also very eye-catching, the ChiNext index in the first half of the year the cumulative increase of nearly 17% hit a new high in the past six years, the cumulative increase of the Science and Technology Innovation 50 index of nearly 14% hit a new high in the past 1 year.
However, unexpectedly, the cumulative decline of the Shanghai 50, which represents traditional weighted stocks, is more than 4%, which is not only the largest decline among the major A-share indexes, but also ranks last in the world's major stock indexes.
Why is this happening?
In fact, it is not difficult to understand that the divergence of the SSE 50 and the Double Creation Index is basically consistent with the current style of "weighting the stage and singing with themes"!
As we all know, in the first half of the year, although the large-cap index was tepid, the subject stocks were very hot, and the big bull stocks were basically from high-growth tracks such as medical treatment, medical beauty, lithium batteries, liquor, semiconductors, etc., and these tracks were basically constituent stocks of the ChiNext board and the science and technology innovation board, and they were also so-called - new core assets.
And the traditional industry of various "Mao" fell, real estate leader (Vanke), electrical leading (Gree), insurance leader (Ping An), mechanical leader (Sany), cement faucet (conch), etc. have fallen miserably, these are the so-called - old core assets.
The above-mentioned reincarnation of a new and old asset shows the great power of the cycle, before we talked about pigs, we have emphasized that in A shares, do not cycle against each other, a cycle cycle is basically 2-3 years.
Today's chart
1) Institutional list
2) Foreign investment list
Due to the anniversary holiday of the Hong Kong Special Administrative Region, Hong Kong stocks will be closed for one day on 1 July (Thursday), and trading will be suspended from 30 June (Wednesday) to 1 July (Thursday).
3) Floating capital list
Today's Dragon and Tiger List Focus Stock Analysis
First, Chunguang Science and Technology 603657
1) Drive logic: Vacuum cleaner hose sales volume market share of the country first. The gross profit margin of hose is basically stable at 38%, with high barriers; the business has gradually extended to the fields of hanging ironing machines, floor washers, dishwashers and outdoor cleaning industrial dust removal systems.
2) Nature of funds: The three-day Dragon and Tiger list shows that the total net purchase of institutions is 101 million yuan;
3) Technical points of view: Chunguang Technology is facing an important pressure to break through the left side, and the last three days are shrinking to attack the pressure level, the shrinkage breakthrough is often said to be overdoing, according to the principle of breakthrough effectiveness, tomorrow's technical requirements are one: leave a high opening gap, otherwise, the short-term line is a breakthrough failure.
4) Fundamental points of view: Chunguang Technology is a provider of integrated solutions for cleaning electrical hoses and accessories, and the market share of vacuum cleaner hoses produced by the company in the past ten years is the first in the country. The gross profit margin of the hose is basically stable at 38%, with high barriers.
As the designated supplier of the brand, the company has accumulated a wealth of high-quality customer resources, and maintains close relations with the world's mainstream vacuum cleaner brands midea, Lake, Dyson, Shark, Bisheng and other well-known cleaning electrical appliance brands at home and abroad.
In addition, in 2020, the company entered the whole machine manufacturing business through the acquisition of two factories in Vietnam SUNSTONE and Suzhou Haili (now renamed Shangteng), which can currently reach a production capacity of 4 million yuan / year. Chunguang Technology can introduce high-quality customer resources to empower Shangteng's whole machine business, Vietnam SUNSTONE has received many orders, and Suzhou Shangteng has also cooperated with a number of brands to obtain many orders.
Suzhou Shangteng began to develop the scrubber project in 2019, with the foundry ability of the scrubber, has reached a cooperation intention with a number of brands, and the company will fully benefit from the prosperity of the downstream industry in the future and achieve rapid growth in performance.
Resources:
Research report: Northeast Securities (Wang Fenghua) - Chunguang Technology - 603657 - mergers and acquisitions cut into the whole machine manufacturing industry, into the rapid development channel - 210517
【Disclaimer】The above content is for your reference and learning only, not as a basis for buying and selling, and you do so at your own risk! Investment is risky, and you need to be cautious when entering the market. The views of this article are edited and compiled by Lu Minghao, Gu of Jiufang Intelligent Investment (registration number: A0740620120001)