Which technology industry has fewer listed companies?
On this occasion, many readers asked about the companies worthy of long-term attention in the science and technology innovation board. Master Dong combed all the companies listed on the science and technology innovation board and the companies that publicly stated that they would land on the science and technology innovation board, and found that three of them were irreplaceable.
Jinshan office
In the office market of China, the office once had an unshakable hegemony, but now it has undergone subtle changes.
Top Ten Market Value Companies of Science and Technology Innovation Board
With its free service, WPS gradually eroded the market share of Office, especially in 20 12, which became the world's first cross-platform office software, took the lead in embracing the mobile era and opened the road of counterattack. So far, the number of active people on the mobile side far exceeds that on the desktop side.
More importantly, office software is an important part of self-control and has become a domestic substitute. Not only did we find the living soil at the C end, but it was also useful at the A end and the B end. For example, there are no Office, Tencent documents, nails and so on in the government procurement catalogue. WPS document technology as the underlying application.
The financial report of Jinshan Office in the first quarter of 2020 shows that as of March 3, 2020, the monthly active users of WPPC version were 65438+68 million, and the monthly active users of mobile version were 27 1 10,000. The monthly active users of other products of the company, such as Kingsoft, are close to 1 10,000, while the operating income is 372 million yuan, up 30% year-on-year.
However, the problems of Jinshan office can not be ignored: first, the valuation is very high, the operating income does not match the market value, and second, the proportion of software licensing income continues to decline.
Smic international
China imported 300 billion dollars of chips in 20 19, which is about 2. 1 trillion yuan. The localization of chips has always been a pain point for Chinese people, so SMIC has become "the hope of the whole village".
SMIC ranks fifth in the world, and there are other chip manufacturing companies such as China Resources Micro, which are not unique and scarce. The first integrated circuit wafer foundry enterprise in Chinese mainland to realize mass production of 14 nm FinFET is the most promising company to surpass the second echelon in the industry and catch up with the first echelon in the industry.
According to public information, in July 2020, the output of SMIC at 14nm was 7,000 tablets per month. By the end of 2020, the output will climb to 1.5 million tablets, and if all goes well within two years, it will reach 70,000 tablets per month, ten times the current output.
From this perspective, SMIC can also pay attention to it for a long time.
However, we should also pay attention to some problems of SMIC: 1. Science and technology innovation board's share price is two or three times higher than that of Hong Kong stocks. It remains to be seen whether this high premium can be maintained; 2. Whether 2.SMIC can effectively break through in technology and successfully break the strange circle.
Ant financial services group
Ant Group has not been listed yet, but it has undoubtedly become one of the "stars" in the science and technology innovation board.
The core plate of Ant Group is Alipay, which is one of the two giants in the field of mobile payment and has its own uniqueness. Licaitong is owned by Tencent Holdings, so the scarcity of Ant Group is quite sufficient.
The data shows that Ant Group achieved an operating income of 654.38+02 billion yuan and a net profit of 654.38+07 billion yuan in 2065.438+09, of which the number of daily payments exceeded 80 million, of which mobile payments accounted for more than 50%, and the number of active users of mobile Alipay wallets was 654.38+09 billion.
CITIC Securities believes that the payment business of Ant Group is expected to maintain a growth rate of more than 20%; With the rising period of financial institutions' investment in science and technology, the export income of science and technology is expected to increase by more than 30%.
Not surprisingly, the listing of Ant Group will be heated up, and it is difficult to find a comfortable selling point.
Generally speaking, Jinshan Office, SMIC and Ant Group in the science and technology innovation board are scarce varieties that deserve long-term attention, but they are not suitable for value investment in the short and medium term, but are more suitable for short-term speculation and share the high premium brought by scarcity.
Ask and answer. ask and answer interchangeably
The price of gold hit a nine-year high.
@ Survivor Deviation: Master Dong, watching the news said that the price of gold hit a nine-year high. Can I buy gold shares?
@ Master Dong: You need to be careful. Previously, COMEX Gold Futures reported 1860 USD/oz, hitting a new high since 2011September, and spot gold also refreshed its high since 201September 1859.4 USD/oz, which once again ignited investment. Historically, because of the high price of gold, gold stocks have also been fried, but the duration is not high, because such companies pay more attention to performance, and it takes a process for gold prices to turn into performance. At present, it is certain that the weakening of the US dollar and the negative real yield of US debt also support the price of gold, but the gold bulls are also taking profits. CFTC position data shows that the net long position of gold futures has declined, and the subsequent upward momentum will be weakened. Therefore, if you want to participate in this wave of gold price rise, it is best to operate in the short term.
When is it better for Sany Heavy Industry to sell?
@ Sunflower Love the Sun: Master Dong helped me to see when Sany Heavy Industry sold better. I've had it for two or three years. Although the income is great, the market is so good now, but this stock has not moved much, I want to change it.
@ Master Dong: Congratulations, this income is very considerable. From the perspective of long-term investment, it can be profitable. However, according to the trend, there may be room for improvement in the future: 1. The industry is booming. For example, in the first half of 2020, the sales volume of excavators was 43,476 units, up 24.23% year-on-year, and the market share was 25.5 1%, which means that the annual performance is guaranteed. Some professionals estimate that Sany Heavy Industry excavator sales increased by 24% year-on-year, and concrete machinery sales increased by more than 30% year-on-year. Thanks to the market pull of wind power, prefabricated buildings and rail transit, the growth rate of large-tonnage cranes accelerated in May and June; 3. The self-made chassis greatly improves the gross profit margin. From the performance point of view, it is more likely to rise steadily in the future. If you want to exchange shares, you can sell them at any time, and then lurk stocks with little increase, such as cyclical stocks with net assets. The wind and water turn, and it will rise sooner or later, then you can copy the experience of Sany Heavy Industry's successful bargain-hunting.
Can Greenland Holdings still buy it?
@ Moon Dreamcatcher: Master Dong, Greenland Holdings has changed for the second time. Can you buy it? The reason for optimism is that the stock price has fallen for many years and is not high now. I want to wait until it resumes trading.
@ Master Dong: I checked. It is indeed a good thing that Shanghai Real Estate, the second largest shareholder of Greenland Holdings (holding 25.82%) and Shanghai Chengtou, the third largest shareholder (holding 20.55%), want to transfer shares and introduce strategic investors. Previously, due to rumors that Greenland Holdings is applying for a tax-free license, its share price has risen by more than 40%. Whether it can rise again with favorable conditions remains to be seen. After all, it will not fundamentally improve the fundamentals-after the first mixed reform, the share price of Greenland Holdings may have fallen for several consecutive years. What is clear is that the semi-annual performance report released by Greenland Holdings on July 2, 20201shows that the contracted sales amount in the first half of the year was133 billion yuan, compared with167.7 billion yuan in the same period last year, and the repayment rate reached 95%, which was 79% in the same period last year. This means that although the sales volume decreased,
Kangtai Biology pursues high risk.
@ Forget Wan Yue: Master Dong, I want to catch up with Kangtai Bio and wake up.
@ Master Dong: Kangtai Bio is a big bull stock, and it is reasonable for you to buy it. Because of the epidemic, the vaccine company was well received, and Kangtai Bio's share price soared. This year, its share price has doubled, reaching the 200 yuan mark. According to public information, Kangtai Bio is mainly engaged in research and development, production and sales of vaccines for human use. At present, its products have been marketed as five vaccines, including acellular pertussis combined vaccine against Haemophilus influenzae B, recombinant hepatitis B vaccine (Saccharomyces cerevisiae) and 23-valent pneumococcal polysaccharide vaccine. And has more than 30 research projects, of which 3 have applied for drug registration and approval. The ideal is full and the reality is skinny. The performance of Kangtai Bio has not been greatly improved. The semi-annual report of 2020 shows that in the first half of the year, the company achieved revenue of 870 million yuan, up 7.7 1% year-on-year, and net profit of 260 million yuan, up 0.63% year-on-year. This performance is inconsistent with the market value of 100 billion. The reason why the stock price is strong now is because of the unity of institutions. By the end of the second quarter of 2020, there were 167 funds holding Kangtai Bio, involving well-known funds such as Guangfa, Penghua Huitianfu and Yifangda. From this point of view, if the community is not relaxed, the stock price will be temporarily worry-free, so it is relatively safe for you to enter the market, but once it changes, you must run fast, otherwise you will become a catcher.
How to treat CAMBRIAN
@ 么么么么: Master Dong, what do you think of the Cambrian?
@ Master Dong: Cambrian is the first AI chip listed in science and technology innovation board, which has special significance and provides a valuation reference for subsequent IPOs of AI chip companies. However, the CAMBRIAN has a great reputation on the AI chip track, but the future is still unclear. We worked with Huawei for some time before, but the cooperation failed to continue, resulting in a sharp drop in core business income of 465,438+0% in 2065,438+09. Fortunately, I have become attached to Lenovo, Midea and OPPO, and I have a new plan, but it is still a blueprint. Let's just say that if you are asking about the medium and long term, there is absolutely no need to participate. The market value originally estimated by the sponsor was 654.38+09.2 billion ~ 34.2 billion yuan, and now it has doubled. If it is short-term, you can participate. As the first gimmick of AI chip, it has a strong attraction to hot money.