Combined with the current low overall valuation of the A-share market, the forward P/E ratio of the CSI 300 is 10.1 times, which is still significantly lower than the historical average of 12.6 times, and the horizontal and vertical comparisons are still relatively attractive.
The top five main net inflows into the industry sector: new energy vehicles, big finance, military industry, semiconductors, banks; The top five main net inflows in the concept sector: state-owned enterprise reform, Huawei industrial chain, central enterprise reform, domestic chips, Internet of Things; The top 10 main net inflows of individual stocks: GigaDevice, CITIC Haizhi, ZTE, Ping An Bank, Cialis, CITIC Bank, China Merchants Bank, CRRC, Wall Nuclear Materials, and Sany Heavy Industry
Recently, the tire industry has set off a round of price increases again, as the industry continues to rise, tire companies production and sales are booming, promoting the performance of the boat. Linglong Tire recently announced that the company has previously announced a round of price increases, starting from April 21 for the domestic retail market The price of the company's TBR products has been raised, with a price increase of 2% to 5%. Riding the bull and watching the bear believes that the rise in tire prices is mainly related to the recent rise in the price of non-ferrous metals and bulk commodities, which has also led to the increase in the cost of some enterprises, thereby driving the market to usher in a new round of price increases, which is also an opportunity to pay attention to the industry layout of other industries.
According to multiple reports, this year's iPhone 16 Pro's starting storage has been increased to 256GB, and the price may remain unchanged at $999 (the starting price in China is 7999 yuan). Following the earthquake in Taiwan, China, three major DRAM manufacturers have announced that they will suspend quotations. In addition to Micron, whose main DRAM production capacity is located in Taiwan, SK hynix and Samsung Electronics have followed up to suspend quotations to wait and see the impact of subsequent capacity supply, and memory module manufacturers have also stopped quoting subsequently. Riding the bull and watching the bear believes that with the gradual scale of AI training and inference, cloud training and inference, mobile phone/PC inference, automotive intelligence and autonomous driving will significantly increase the demand for DRAM, and the price increase of memory chips is expected to be "demand-driven" in the second half.
5G RedCap technology has the characteristics of fewer receiving and transmitting ports for terminal equipment antennas, support for full-duplex and half-duplex communication modes, lower power consumption of equipment, lower modulation order, lower maximum bandwidth, and support for energy-saving features, and is mainly used in industrial Internet, smart wearable devices, medium and low-speed Internet of Things and other fields. As an important evolution of cellular IoT, 5G RedCap continues to improve IoT technologies and application scenarios, and may usher in a period of rapid growth. According to Counterpoint, it is expected that 5G RedCap may be commercialized in 2024, and by 2030, the shipment of 5G RedCap modules will account for 18% of cellular IoT modules, showing strong market potential.
"May Day" tourism ushered in the peak of bookings, popular routes economy class tickets were sold out, and European long-haul groups resumed to 2019. Ctrip released the "2024 May Day Travel Trend Insight Report": medium- and long-term travel has become the protagonist, and domestic long-distance travel orders account for 56%. During the May Day holiday, travel bookings in fourth-tier cities and below increased by 140% year-on-year, significantly higher than those in first- and second-tier cities. In 2024, the number of hotel bookings in popular cities during the May Day holiday will increase by 30% year-on-year, the average price paid by hotels will be reduced by 20%, and the average price paid by niche tourist destinations will be lower than that of high-profile popular tourist destinations. The further high-quality growth of cultural tourism is worth looking forward to. Focus on the travel chain and related industry chain companies with high-quality resources, strong operations, and strong certainty of follow-up performance growth.
The Shanghai Composite Index continued to rise this week, less than 1% away from 3,100 points, but some small, medium and micro stocks have fallen to the level of 2,500 points, and the market is clearly polarized. Judging from the recent policy, the market intends to "lead" the funds to the large-cap stocks, and all kinds of benefits are biased towards the "sons of the central mother", but in fact, PetroChina, which was 48 yuan in 2007, has now risen more than 10 yuan, so the key to the market is to "buy or not", rather than relying on the voice to change the market.
After the GEM index entered April, Brother Niu repeatedly said the word crumbling, even if there was a recent rebound, he did not think that it had stabilized here. The stock market! It doesn't matter what others say after a long time, because everything is changing, the story is just a story after all, it should fall or fall, the remaining 2 days of this week should pay attention to the trend of small and medium-sized micro stocks, if there is no rebound, some stocks may have to fall sharply, the market will also lose money, and the funds that really go to the large-cap stocks are still limited. If the "holes" of Monday and Tuesday's sharp decline can be filled, the index will have a new round of upward opportunities.