As an investor, are you concerned about the investment opportunities in the second half of the year?

In recent days, many brokers have held mid-year strategy analysis meetings.

On June 12th, Chen Li, director of Chuancai Securities Research Institute, said at the second Sichuan Financial Investment Forum held by Chuancai Securities that the launch of science and technology innovation board may map and reshape the valuation of science and technology industries. The companies that have passed the audit include information technology, biopharmaceuticals, professional equipment manufacturing and other emerging industries, and science and technology companies in this field will become the focus of market attention.

"As an important bridge for financial services to the real economy, science and technology innovation board is of great significance in deepening the reform of the capital market and promoting the upgrading of industrial structure. Its characteristics of directly facing high-tech industries and strategic emerging industries are also in line with the national strategy." Chen Li said that the biggest highlight of science and technology innovation board is the pilot registration system, in which companies to be listed and counseling brokers apply for "admission" by online declaration and publicity materials, accept "interview" by inquiry, and give it to investors to judge the enterprise value. In science and technology innovation board, information disclosure is the core of audit inquiry. Audit institutions exercise supervision through repeated inquiries, which on the one hand deter fraudulent issuance, and on the other hand assist investors to make investment decisions with sufficient information.

Deng Lijun, chief analyst of macro strategy of Chuancai Securities Research Institute, said that in the second half of the year, the macro environment is that there is pressure on growth and the low credit level stabilizes; However, fiscal and monetary policies are difficult to drive the valuation of A shares, and profit is the main line of the market in the second half of the year. A-share earnings rebounded due to the base and tax cuts, while the stock market funds remained in a tight balance, and the overall valuation and emotional indicators of A-shares were at a slightly lower level of neutrality. Therefore, A-shares were in a volatile trend and structural market in the second half of the year. In terms of industry configuration, stagflation period and destocking cycle are relatively favorable for consumption and growth, while paying attention to the reform of state-owned enterprises and investment in science and technology.

so, what investment opportunities will you have in the sector?

(I) Investment opportunities in the field of new materials and new power

Huang Bo, chief researcher of the automotive industry of Chuancai Securities Research Institute, said that the hydrogen energy industry has become a major trend of international energy development, and automotive electrification, smart energy construction and environmental pressure are working together to promote the progress and application of fuel cells. The state has supported the development of this industry for a long time, and made clear the direction in this year's government work report for the first time. From the industrial point of view, after going through the stages of performance optimization, application exploration, cost control, etc., fuel cells have already had the basis for commercialization. In the later period, the introduction of the new central subsidy policy and the final sales verification are expected to catalyze the overall market, and we suggest continuing to pay attention.

(II) Follow the consumption power and grasp the evolution of consumption structure

Ouyang Yujian, chief analyst of the food and beverage industry of Chuancai Securities Research Institute, said that by looking back on the development of consumer goods since 26, taking the macro background (runway), company management (engine) and development potential (space) as the core analysis framework, he looked forward to the consumption investment opportunities after 219. We believe that the demand for high-end consumption is still good at present, and there is no obvious decline. The middle-end consumption may be improved by the policy boost, and we can actively pay attention to the investment opportunities corresponding to high-end and middle-end consumer groups.

the high prosperity of liquor continues. The supply and demand of Maotai continues to be tight, and at the same time, the background of increasing the penetration rate of high-end wine and upgrading the consumption of mid-end consumers will bring a lot of room for growth of other high-end wines and sub-high-end wines. Kweichow Moutai, Wuliangye and LU ZHOU LAO JIAO CO.,LTD are recommended, and Yanghe, Shanxi Fenjiu, Kouzijiao and Gujing Distillery are recommended.

dairy products, condiments and health care industry circuit are excellent, while some industries are in the stage of continuous sinking of leading share channels and increasing share. It is suggested to pay attention to Yili, Haitian Weiye, Zhongju Hi-tech, Hengshun Vinegar, Tomson Bianjian, Xiangpiaopiao and Anjing Food.

(III) Embracing the Industrial Internet in the era of science and technology innovation

Fang Ke, a senior computer analyst at Chuancai Securities Research Institute, believes that he is optimistic about the performance of the computer industry in the second half of the year. Historically, the valuation of the computer industry has basically bottomed out from the highest adjustment of about 7%. The launch of science and technology innovation board is a major change in the capital market, and the technology industry represents the new economy in the future, which is expected to reshape the valuation anchor.

embrace the industrial internet around technological innovation. Industrial Internet reshapes the competitiveness of enterprises. Based on Internet technologies such as cloud computing, big data and artificial intelligence, industrial chains of various vertical industries can be reshaped and transformed to form a new Internet industry ecology. It is suggested to focus on investment opportunities in financial technology and medical informatization.

(IV) Investment opportunities in the field of pharmaceutical R&D and innovation

Zhou Yu, chief analyst of the pharmaceutical industry of Chuancai Securities Research Institute, said that in the long run, with the changes in China's demographic structure, the medical demand is likely to maintain rapid growth. However, the short-term policy disturbance still exists, which makes the expectations of the whole sector change rapidly. On the one hand, it is necessary to pay attention to the expected difference, on the other hand, it is necessary to look for varieties that are immune to policies or have little impact, such as: 1) innovative drugs and innovative drugs "water sellers" that are encouraged by national policies and have smooth financing channels and are not restricted by medical insurance and other factors. 2) The centralized mining policy is expected to accelerate, and the domestic substitution will promote the upgrading of the industry and superimpose the API plate with the status of the industrial chain. (This article is only for investment reference)