Recently, A-shares are in a rebound, and the theme concept stocks are very exciting, but the hot-spot rotation is also very frequent. The best-lasting is the 5G sector, which is one after another. According to industry analysis, the new 5G investment cycle will be launched in 2019 and concentrated in 2020. According to the investment sequence of its industrial chain, it will be used for communication network construction, mobile terminals and supporting components, software services and other enterprises.PerformanceThe promotion is expected to be released in a sequential manner, and the performance of the driving sector will accelerate. Therefore, the 5G concept is expected to be continuous throughout 2019 and even to the next bull market.theme.
Yesterday, the 5G concept sector broke out again. Huiyuan Communication, Special Information, Beihai Communication, Xinyisheng and Shida Group continued to attack and strongly closed the board. Bangxun Technology, Supercommunication, and Maijie Technology have become the new stars.
As the strongest sector in the near future, the 5G concept sector has come out of a continuous market since the fourth quarter of last year. Since the low-level rebound of the 5G concept section (880506) on October 19 last year, the cumulative increase has reached 16.77%. In the same period, the Shanghai Composite Index rose only 1.96%, which is far from the broader market. During this period, the 5G sector bullish stocks doubled out. Eastern Communications is a star-studded star leader. Since October 19 last year, the cumulative increase has reached 3.12 times. The increase in the range of doubling is also the Chunxing Seiko, Beihai Communication, Eastcom Peace and Special Information, Huiyuan Communication, Nanjing Panda and other increases of more than 80%.
However, these up-and-coming 5G star stocks have diverged and some have begun to fall. For example, Eastcom Peace fell 8.61% yesterday, the turnover rate was as high as 12.48%; Falswin and Nanjing Panda fell more than 5%, and the most powerful Eastern Communications also fell 3.99%.
Bohai SecuritiesAnalystXu Yong believes that the current 5G concept varieties have been over-purchased by market funds and there are signs of overheating. Some insiders believe that the stocks led by the 5G sector yesterday have been different from the previous ones. This subtle change is actually a change in style. The previous Eastern Communications was promoted by hot money, and there are already signs of peaking. There are a few of the current leading list that are obviously institutional votes. Although the plate is still 5G, the style has actually been gradually switched. It is recommended to pay attention to the continuity of the new leader.
From yesterday'sDragon and TigerSee, Boncent Technology, New Yisheng and Chunxing Seiko received fundingNet inflowUp to 10 million yuan, Huiyuan Communication, Xintian Technology has a net outflow of more than 10 million yuan, and a net outflow of Eastcompeace funds of 7.24 million yuan. Active hot money Tibet Oriental Fortune Lhasa Unity Road Second Sales Department continued to absorb 5G concept stocks yesterday, Eastcompeace still won its favor, buy 7.49 million yuan, in addition to continue to attract Daan shares, Chunxing Seiko, special information.Deep shareThe special seat bought Chunshang Seiko of 17.29 million yuan yesterday.
Still in the first stage?
According to the analysis of the comprehensive industry, most institutions believe that the current 5G construction is entering a new stage, and the global 5G competition is fierce. As the handle of the downward pressure on hedging, it is expected to be strongly promoted. The progress and scale of the 5G construction are expected to exceed market expectations. Therefore, continue to be optimistic about the development of the local industry chain, the 5G concept will be a continuous theme throughout 2019.
The total share capital of the leader of the 5G concept was not large. Statistics show that since October 19, 2018, there have been 24 stocks with a cumulative increase of more than 50%. The total share capital is only 4 in more than 1 billion, and many of the total share capital is only 200-300 million shares. “Generally speaking, there is a three-stage speculation on a theme. First, speculation is based on small market capitalization and easy control. It is now, then the core company, then the affiliate company. Currently 5G hype is still in the first stage, and will be repeated in 2019. Resurgence," said a foreign institutional analyst.
From the perspective of industrial chain analysis, several core companies of the 5G concept are relatively backward, characterized by relatively good fundamentals and easy to slow down.
Most institutions are still optimistic about the continued market for the 5G concept. Zhongtai Securities expects that China will launch 5G commercial terminals in the second half of 2019, and the network construction will be pre-commercial. The large-scale commercial and 5G terminals will be released in 2020. China is expected to become the world's 5G commercial first camp in 2019. Tianfeng Securities believes that local governments have successively issued special plans, and the local investment and rhythm of domestic 5G construction exceeded expectations. The Central Economic Work Conference once again emphasized the acceleration of 5G commercial and local planning, and many catalysts pushed the 5G sector to outperform the market. Catalysts such as future licenses, bidding, and local construction plans are expected to continue to drive the formation of the sector.
Xu Yong believes that the current communication industry is in the early stage of 5G construction, the industry risks in the early stage have been fully expected by the market, and the performance of the industry itself has also improved significantly, which is from the third quarter report.Net profitGrowth has been verified, signs of turning points are evident, and industry cash flow is improving. At the same time, with the landing of the 5G standard and the release of spectrum, the market will give good expectations for the 5G construction next year. It proposes that for medium and long-term funds that are optimistic about the entire construction period of 5G, it is possible to dip the blue-chip varieties with low valuation and good liquidity on dips and enjoy the high growth brought by the future industry boom.
(Article source: Securities Times)