More than 4,000 shares are red! How to go in the A-share market, the institutional interpretation is coming

Securities Times E Company

2024-04-24 19:49Published on the official account of "E Company" under Guangdong Securities Times

Today, A-shares rose slightly, with a turnover of 799.1 billion yuan in the two cities, and more than 4,000 stocks were in the red.

More than 4,000 shares are red! How to go in the A-share market, the institutional interpretation is coming

On the disk, copper cable high-speed connection, low-altitude economy, communication equipment, automotive electronics and other sectors rose first, and glyphosate, coal, banks, lithium mines and other sectors adjusted slightly.

According to Wind real-time monitoring data, the electronics industry has received a net inflow of nearly 6.4 billion yuan of main funds, a net inflow of more than 4 billion yuan in communications and computers, a net inflow of more than 3 billion yuan in automobiles, and a net inflow of more than 1 billion yuan in industries such as national defense and military industry, machinery and equipment, and non-ferrous metals. Only a few industries such as power equipment, banks, and coal have a slight net outflow of major funds.

For the market outlook, Haitong Securities said that the disclosed data shows that the profit of A-shares in the first quarter has rebounded significantly, and A-shares may be in the stage of gaining momentum in the second quarter, short-term white horse stocks are more stable, and the medium-term main line focuses on China's advantageous manufacturing and hard technology. In addition, we will focus on hard technology manufacturing and pharmaceuticals that have benefited from policy catalysis. In the Baima plate, liquor, new energy, etc. may have a phased rebound opportunity.

Everbright Securities believes that driven by both fundamentals and policies, the market is expected to return to stability after April, and the market is expected to fluctuate upward. After the full disclosure of the earnings report, the recovery of fundamentals is expected to be further verified at the data level. In addition, the gradual introduction and implementation of relevant policies in the capital market in the future will also play a stabilizing role in market expectations and confidence.

In terms of hot spots, communication stocks rose sharply across the board, of which the communication equipment sector opened high and rose 4.66%. Century Dingli 20% daily limit, the last 4 trading days 2 times closed board; Aowei communication for the third consecutive day of the word limit; Brilliant Technology also opened the daily limit, the last 6 days 4 daily limit; Xinyisheng, Mingpu optical and magnetic and so on also strong daily limit or rose more than 10%.

Optical communication, 5G concept, Huawei computing power, eastern data and western computing and other related sectors have attacked, Wutong Holdings, OC 3, Jiechuang Intelligence, Zhishang Technology and other batches of 20% of the limit, Guangha Communications, Futong Information and other daily limits or more than 10%.

On the news side, China Mobile recently issued the "2024-2025 New Intelligent Computing Center Procurement Bidding Announcement", which includes 7994 AI servers and supporting products (standard package 1), 60 white box switches (standard package 2), referring to the winning bid price of 2.47 billion yuan for China Mobile's 2023-2024 new intelligent computing center (test network) procurement (standard package 12) in February 2024, and the procurement scale of this period is about 15.8 billion yuan.

Earlier, China Unicom issued a prequalification announcement for the centralized procurement project of artificial intelligence servers in March 2024, purchasing 2,503 AI servers and a total of 688 RoCE switches, key networking equipment. China Telecom also said that it will purchase 4,175 AI servers and 1,182 IB switches from 2023 to 2024.

China Securities Construction Investment pointed out that since the beginning of this year, the operator's intelligent computing center has been intensively put into use. In the process of building digital infrastructure ahead of time, the construction of intelligent computing centers has become a key direction for telecom operators.

In addition, the concept of copper cable high-speed connection rose unilaterally today, and the plate index soared by 8.24%, and the transaction volume increased by nearly 1 times compared with yesterday. All stocks in the sector rose, with many stocks such as Shenglan shares and Aofei Data rising by 20%, and Zhaolong Interconnection, Wall Nuclear Materials, etc., rising by more than 10%.

According to the LightCounting (LC) report, sales of high-speed copper cables are growing as server connections and as interconnects in decoupled switches and routers. High-speed copper is expected to grow at a CAGR of 25% from 2023 to 2027, and shipments of high-speed copper are expected to reach 20 million by 2027.

Tianfeng Securities said that the cost reduction of high-speed copper cable connection is significant, and the cost is only 1/5 of the optical module. High-speed copper cable connection has low energy consumption, reduces energy consumption and heat generation, greatly reduces the substitution of operation and cooling energy expenses, and can replace optical modules and AOC in the field of short-distance transmission. With the rapid growth of the demand for artificial intelligence computing power, domestic high-speed connection manufacturers will usher in more favorable development conditions.

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