Category: Money tips Release Date: 2006-09-25
Information technology transformation, upgrading of traditional industries, and strengthen enterprise independent innovation capability, will become the national "Eleventh Five-Year" period is an important development strategy, electronic information industry will face greater opportunities for development, therefore, we offer industry "optimistic" investment rating .
On investment of time, the electronic information industry in 2006 will show a "U"-shaped trend. With the advent of off-season, one to the second quarter will be the performance of the industry in 2006 the lowest point. Based on the industry's optimism toward this year's judge, we believe that seasonal factors will be a minor factor, while the industry's recovery and the core competitiveness of listed companies will be the main factor. Of course, if a quarter of the industry's stock performance below market expectations, its shares will face some short-term adjustment of pressure, but the adjustment should be seen as an opportunity to intervene.
Development of the industry to determine According to the plan, "Eleventh Five-Year" period of China's electronic industry development direction and focus mainly in the following four areas:
First, the core of basic industries of the future development of the industry-led. Software, integrated circuits, new components are the foundation and core industries, "Eleventh Five-Year Plan" also put them in identifying the core basic industries. But Chinese enterprises in these areas with the international advanced level there are still a wide gap. "Eleventh Five-Year" period, the state of software and IC industries will increase support for efforts, policies, coverage will be extended to the field of technical equipment and basic materials.
Second, using information technology to transform traditional industries. "Eleventh Five-Year" plan proposes to transform traditional industries and information-based demand-driven, vigorously develop various kinds of applications for electronic products, optimize the product structure. Once this breakthrough, the development of broad prospects.
Third, the implementation of the strategy for large companies. "Eleventh Five-Year" period of country-driven strategy focused on large companies is to guide enterprises to pay more attention to research and development, capital operation, brand building and international operations, enhance the enterprise's policy of major cross-border mergers and acquisitions support, accelerate the development of multinational corporations.
Finally, the optimization of regional industrial structure. According to "Eleventh Five-Year" plan, the eastern coastal industry, large-scale, industrial concentration areas of high degree of focus is to upgrade the industrial level; northeast region should further increase the application of information technology to transform in order to enhance the competitiveness of traditional industries; Midwest conditional The regions should seize the opportunity of transfer of industries to develop competitive industries, construction, industrial park has its own characteristics.
Concerned about the four major investment themes Globally speaking, starting in 2006, the electronic information industry will enter a new cycle of an economy. With the new technology and new products are being introduced, the industry will enter a relatively stable period of development, volatility will be much smaller than the past 5 years. We believe that the future prosperity of China's electronic information industry, the degree will continue to rise, the industry of the following four investment themes.
Investment in one of the themes: independent innovation. IT industry is the most innovative industries, and other industries, the technical innovation is the fundamental driving force for IT development of the industry. "National long-term Science and Technology Development Plan" points out that for technical level of China's information industry into the world among the most advanced integrated circuits and key components to master, large-scale software, high-performance computers, broadband wireless mobile communication, next generation networks the core technology to enhance self-development capabilities and the overall level of technology.
To do things that other people are selling, which means backward; to do what others are doing to keep pace with others; while doing things that other people are thinking, you can go beyond others. For Chinese enterprises, in the technological development of the road, turning only when the technology (technical innovation and upgrading), when a chance beyond the overseas giants. We believe that the excellent Chinese science and technology enterprises, it must be those who dare to invest in cutting-edge technologies and applications, with the capability of independent innovation of enterprises. These enterprises through long-term R & D and the gradual accumulation of the formation of a strong core competitiveness and strong support at the national independent innovation policy, will make long-term growth. Concerned about the rhyme G l, G Su-long electricity stocks.
Investment Theme 2: Industry recovery. After the 2004 recession, in 2005, bottoming out, the global electronic information industry has entered a new round of the recovery cycle.
The recovery process in the industry to fully benefit are those who prepare for the industry recovery business. These enterprises in the industry downturn, the commitment to technology innovation, product upgrades and capacity expansion for the future are well-prepared and will be evident in the industry, the recovery process proceeds gradually reflecting investment value.
From the industry perspective, the integrated circuit (IC), passive components, sub-sectors significantly influenced by the industry recovers, the industry demand for a substantial increase in the downstream will bring significant investment opportunities. Concerned about the long-Electric G Su, G Health benefits, Tiantonggufen, Fenghua High-tech and other firms.
Investment theme 3: comparative advantage. A high degree of electronic information industry, globalization, a company's comparative advantage will constitute the key competitive advantage. At present, the comparative advantage of domestic enterprises, mainly in resources and manpower costs.
Industries in a number of electronic resources (such as the magnetic material industry), China has obvious advantages in resources, the world's major production capacity in the domestic transfer. In this trend, the growth of related businesses is obvious. Concerned about the G ring, G rhyme upgraded stocks.
The four investment themes: military electronics. "Eleventh Five-Year" period, China will accelerate with the new revolution in military affairs with Chinese characteristics, speed up the mechanization of the armed forces, the pace of modernization and information technology, while China's space industry will maintain rapid development, a series of major works will be introduced gradually. Therefore, the defense electronics industry will maintain a sustained rapid growth. Concerned about the G rocket, aerospace electrical appliances stocks.
