From the historical performance, before the iPhone autumn conference, the A-share consumer electronics sector had a higher probability of strengthening. Yesterday (August 22nd), stimulated by the good news of two heavy mobile phones, the market drama was staged in advance!
Wind consumer electronics index (882446. WI) rose 1.53%, hitting a new high since the rebound on April 27, and rambler, Guoguang Electric and Haiwei Technology had daily limit. Today, Shenhuafa A quickly pulled up the daily limit as soon as it opened.
Looking back on this year, the mobile phone sales data is relatively weak, indicating that everyone's desire to change machines is relatively weak. However, considering that the fourth quarter of each year is the peak season for mobile phone shipments, the consumer electronics sector often has good excess returns. For example, in the fourth quarter of 2002/KLOC-0, the Wind Consumer Electronics Index rose by 12.96% (CSI 500 rose by 3.60%); In the fourth quarter of 2020, the Wind Consumer Electronics Index fell by 7. 13% (CSI 500 rose by 2.82%); In the fourth quarter of 20 19, the Wind consumer electronics index rose by 2 1.36% (CSI 500 rose by 6.6 1%).
The popular theme of small chips in the early stage actually has the figure of consumer electronics. Chiplets are commonly known as "cores" or "chiplets". Through advanced packaging technology, several core particles are recombined into a new chip, thus improving the computing power and improving the yield of chip manufacturing without changing the manufacturing process. It is an important way to realize domestic substitution of chips, which is expected to break Moore's law and be widely used in automotive electronics and other fields in the early stage.
In the field of consumer electronics, exciting events keep happening. In August of 20021year, Xiaomi acquired Shendong Technology, an autonomous driving technology company. In August this year, 1 1 officially announced the latest progress, and adopted the technical layout strategy of full-stack self-developed algorithm, with excellent road test results. It is expected to enter the first camp and mass production in 2024. For another example, the humanoid robot that was hotly discussed in the market not long ago also led to a beautiful market.
The field of consumer electronics is full of drama, and the market may be expected to continue into the fourth quarter! So, what theme funds can lurk?
On-site index products, such as E Fund/Guo Fu, Cathay Pacific/Ping An/Yin Hua/Jing Shun Great Wall/China Merchants CSI Consumer Electronics Theme ETF, and Huaxia Guozhen Consumer Electronics Theme ETF, such as Cai Dong Guozhen Consumer Electronics A/C Off-site. Considering that the consumer electronics sector fluctuates greatly, the on-site ETF is more suitable for short-term games.
CSI Consumer Electronics Theme Index selects 50 consumer electronics-related stocks in Shanghai and Shenzhen stock markets, including component production, brand design and production of complete machines. The top ten stocks are Lux, BOE A, Yiwei Lithium Energy, Ziguang Guowei, Goer, Zhao Yi Innovation, SMIC, Weir, Wen Tai Technology and Sheng Bang. The CSI Consumer Electronics Theme Index also has 50 constituent stocks, including mobile phone industry chain, wearable devices, smart home and other sub-industries. Seven of the top ten heavyweights are the same as the CSI Consumer Electronics Index.
Judging from the valuation, the price-earnings ratio of CSI Consumer Electronics Theme Index in recent ten years is about 25 times-TTM, and the percentile is in the historical position of 17%; The price-earnings ratio -TTM of CSIC consumer electronics theme index in recent ten years is about 28 times, and the percentile is in the historical position of 18%. It can be seen that these two consumer electronics indices are currently undervalued. Choice data shows that as of August 22, 2022, the CSI Consumer Electronics Theme Index rose by 7.4 1% in the last three months, and the CSI Consumer Electronics Theme Index rose by 6.98%, both significantly ahead of the Shanghai and Shenzhen 300 in the same period.
Among the active products, Haifutong Electronic Media (up 28. 17%), Guangfa Electronic Information Media (up 16.50%), Jingshun Great Wall Electronic Information Industry (up 14.86%) and Changsheng Electronic Information Industry (up10)