GEM is expected to step out of the structural bull market
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Original title: GEM is expected to get out of the structural bull market. The new energy automobile industry will become the “protagonist” of the future market. Source: Securities Daily reporter Wang Ming (Jin Qilin analyst) Shan.，一定会觉得这是难得的‘黄金买点’。At present, the style of the A-share market is clearly biased toward growth, and the GEM is expected to step out of the structural bull market. The new energy automobile industry will become the protagonist in the future market.
“In an exclusive interview with a reporter from the Securities Daily, Mo Haibo, the director of the investment research department and fund manager of Wanjia Fund, said so.
Since this year, the Tesla segment has once again started the “swelling model”
, driving the growth of a number of related concept stocks. Is this a precursor to the launch of the A-share new energy automotive industry market?
Mo Haibo’s answer is yes, at least if he can deeply plow the new energy vehicle industry chain, similar auto leaders will definitely appear in the A-share market in the future, which is the same as the 北京夜网 principle behind Huawei’s rapid rise in the past decade.
“This is Mo Haibo.
The long-term trend of the technology industry does not change. After the Spring Festival, the pneumonia epidemic caused by the new coronavirus affects the hearts of the people throughout the country and is also the biggest uncertainty factor currently facing the A-share market.
At the beginning of an exclusive interview with the Securities Daily reporter, Mo Haibo also talked about the impact of the epidemic on the A-share market: “On the first trading day after the Spring Festival, more than 3,000 stocks fell and stopped, indeed exceeding our expectations.The stock market also has a periodical bottom opportunity.
“After the outbreak, the sharp adjustments in the A-share market have reminded people of the SARS epidemic 17 years ago.
With reference to the performance of the A-share and Hong Kong stock markets at that time, Mo Haibo believes that short-term adjustments do not change the long-term trend of the market and the style of technological growth. Instead, better investment opportunities have emerged, and a closer sense of the inflection point of epidemic development will help us grasp this.The rhythm of the sub-market adjustment to seize trend opportunities.
In the long run, with the continuous improvement of China’s scientific and technological strength and the continuous improvement of its overall performance level, China will enter a new stage of development.
Mo Haibo pointed out: “At this impending and yet-to-be-seen moment, we analyze and believe that strategic and selective seizing the long-term development direction of science and technology is our main means to avoid and overcome short-term market risks.
It is based on this judgment that Wanjia Fund has introduced a number of technology-themed fund products.
“The new energy automotive industry has a huge space and the technology industry has not changed for a long time. It has been the consensus of many asset management agencies.
But the technology industry involves some very extensive ones. In the medium to long term, which industries have the best deployment opportunities at the moment?
Mo Haibo said that the further growth of Tesla concept stocks this year is a clear sign. With the target sales volume and policy support, the global new energy vehicle industry is facing huge growth space, which is a better time to plan ahead.
Data show that in the whole year of 2019, 25.77 million vehicles were sold, including 120 new energy vehicles.
60,000, accounting for only 4.
68%; global sales of 90.3 million vehicles, of which 2.21 million are new energy vehicles, accounting for only 2%.
45%; huge room for future growth.
During 2019, new energy vehicle policy supplements overlapped, and traditional fuel-fueled vehicles drastically reduced prices. New energy vehicle sales recorded the first negative growth. In 2019, new energy vehicle sales were 120.
60,000 vehicles, 2.21 million new energy vehicle sales worldwide, accounting for more than half.
”With the emergence of policy inflection points and the gradual synergy of global electrification policies, we believe that from 2020, the new energy vehicle industry will return to a situation of continuous and rapid growth until new energy vehicles replace traditional fuel vehicles on a large scale.”莫海波说道，“今年，工信部表态新能源车补贴‘不会大幅退坡’，并发布了最新的产业规划，到2025年新能源车的年度销量要占到汽车总销量的25%。”Looking at the global market, many leading car companies have also released sales plans for new energy vehicles: Volkswagen Group plans that electric vehicle sales will reach 25% -30% of total vehicle sales in 2025, and fuel gas vehicles will no longer be sold after 2026.Carry out research and development grants; BMW’s latest plan for electric vehicle sales to reach 15% -25% of total car sales in 2025; Toyota’s plan for global electric vehicle sales to reach 5.5 million in 2025; Honda’s plan for new energy vehicles to account for 2030To reach more than 2/3.
The power battery industry chain is the road upstream from the automobile powerhouse to the automobile powerhouse on the main line. The possibility of developing new energy vehicles must not be missed.
Mo Haibo told the “Securities Daily” reporter that at present, it is in the world’s largest auto market, but the brands and technologies of traditional cars are far from the leading auto companies overseas, and the core of new energy vehicles-powerIn the field of battery and industrial chain, China, Japan, and South Korea are both in the global leading position. The competitive advantage in the global new energy vehicle industry chain will be further strengthened.
”Ten years ago, we never thought that there would ever be a company like Huawei that could rival Apple.
Just as Apple’s industrial chain is to smartphones, the rise of Apple’s mobile phone has brought the rise of China’s industrial chain, and the long handle has spawned the growth soil of Huawei, Xiaomi, OPPO, VIVO, etc. We have every reason to believe that in the new energy vehicle industryA few years after the chain has achieved great development, a leading car company like Tesla will also appear in the A-share market.
“Mo Haibo analyzed.
In the new energy vehicle segment industry, the power battery industry chain is its main investment line.
As the most important core system of new energy vehicles, power batteries are the “heart” of electric vehicles. The core companies of global power batteries are concentrated in China, Japan and South Korea. Therefore, leading companies even rank first in the world in terms of installed capacity.Quality, R & D strength, and European and American front-line vehicle customer structure are also likely to catch up.
Mo Haibo told reporters: “The core resources necessary for power batteries-nickel, cobalt, manganese, lithium and other resources-continue to increase their strategic value. We are optimistic about the future development of lithium cobalt.
In 2020, cobalt resources are expected to change in supply and demand, and the supply side is shrinking. The demand side will benefit from the dual recovery of consumer electronics brought by new energy vehicles and 5G. In terms of lithium resources, the high-end lithium hydroxide segment will perform better.We are optimistic about the strategic value of lithium resources for a long time.