I. [Early Disk Review]
Cailian News Agency reported on May 17th that the market fluctuated and adjusted in early trading, and the three major indexes all fell slightly. On the disk, low-altitude economic concept stocks broke out again, with nearly 10 stocks including Jiaokong Technology, Xinchen Technology, Changyuan Donggu and Chuanda Zhisheng trading daily. Copper cable high-speed connection concept stocks continued to be active, with Shenglan shares trading at a daily limit of 20CM and Huamai Technology trading at a daily limit. The optical optoelectronic plate oscillated and rebounded, and Lehman Optoelectronics, Wufang Optoelectronics, Vogel Optoelectronics and Yashi Optoelectronics had daily limit. The real estate sector surged back, with Airport shares, City Investment Holdings and I love my family’s daily limit. In terms of decline, synthetic biological concept stocks were adjusted again, and Xinghu Technology fell more than 5%. On the whole, stocks fell more and rose less, with more than 2,800 stocks in the two cities falling. Half-day turnover in Shanghai and Shenzhen stock markets was 512.5 billion, a decrease of 6.9 billion compared with the previous trading day. At the close, the Shanghai Composite Index fell 0.1%, the Shenzhen Component Index fell 0.27% and the Growth Enterprise Market Index fell 0.19%.
In terms of individual stocks, there were 29 daily limit stocks (excluding ST and unopened new shares) in early trading today, the closing rate was 64%, and there were 6 connected stocks, among which Nanjing was promoted to 6 connected boards and Yazhen Home was 4 connected boards. I love my family, Huamai Technology and Changyuan Donggu 2 connected boards.
On the plate, copper high-speed connector concept stocks continued to be active, with Shenglan shares and Huamai Technology trading daily, while Shenyu shares, Baosheng shares and Huafeng Technology were among the top gainers.
On the news front, LightCounting pointed out that in the five years from 2023 to 2027, the high-speed copper cable market will continue to expand at an astonishing annual compound growth rate (CAGR) of 25%. Relevant institutions pointed out that the scale of domestic high-speed cable market has exceeded 10 billion yuan, and it is estimated that the incremental market space of high-speed copper cable will be around 100 billion yuan in the future.
Low-altitude economic concept stocks are active again and again. Traffic Control Technology and Xinchen Technology have a daily limit of 20CM, and stocks such as Research Institute, Nanjing Julong and Andaville have risen by more than 10%. In addition, stocks such as Sichuan Dazhisheng, Changyuan Donggu and Zongshen Power have daily limit. In the news, "Beijing Action Plan for Promoting the High-quality Development of Low-altitude Economic Industries (2024-2027)" is open for comments. The plan mentions the establishment of a leading group for low-altitude economic development led by city leaders. Explore the new application format of split flying car inter-city service and inter-city ferry.
Guotai Junan released a research report saying that the central government attaches great importance to the development of the industry, raising the low-altitude economy to a strategic level, and developing the low-altitude economy is of great significance, which will fully release the commercial value of low-altitude airspace resources and help the national defense strength to keep up with the times. In the computer industry, air traffic control system, urban governance, network security and other related software and hardware standards will be the first to benefit from the early construction of low-altitude economy, and will also open up a broad space for growth in the long run.
PEEK materials fluctuated higher, Kent shares rose more than 18%, and Nanjing Julong, Huami New Materials, Chongde Technology, China Research Institute and Jusailong were among the top gainers.
Since 2023, both giant companies such as Tesla have been iteratively upgrading humanoid robots, and domestic and foreign flying car companies have been actively promoting commercialization, all of which are facing the problem of lightweight materials, and PEEK materials have become an important material that cannot be separated from two hot fields. MordorIntelligence pointed out that the PEEK material industry is in a period of rapid development, with the PEEK market reaching 5.6 billion yuan in 2024 and 8.23 billion yuan in 2029.
The real estate chain once again surged at the opening stage, and then the differences intensified and the shock fell back. Among them, the direction of real estate services continues to be strong, among which Airport shares and I love my family have daily limit, Anjubao has risen by more than 15%, and World Bank, Derby Group, Tiandiyuan and Zhongtian Service are also among the top gainers. In the news, the National Bureau of Statistics said at the press conference of the State Council Office that in the next stage, the policies and measures to digest the existing real estate and optimize the incremental housing will be studied as a whole, and a new model of real estate development will be built to promote the high-quality development of real estate.
On the whole, today’s market shows a trend of differentiation and consolidation, in which the concept stocks of low-altitude economy have strengthened again, with more than 10 stocks in the sector trading daily, and Wan Feng Aowei, one of the core targets, has also reached a new high in the intraday refreshing stage, while the most powerful real estate direction yesterday has surged back, but overall, it still belongs to the conventional category of rising and correcting, and the medium-term trend has not been destroyed. From the perspective of subject matter, some new technologies in the direction of science and technology stocks are sought after by funds, such as copper cable connectors continue to be strong, while PEEK materials, optical optoelectronics and other directions also fluctuate and strengthen in intraday trading, and short-term emotions gradually pick up. On the whole, under the background that the market is still in a shock consolidation structure, the rotation between hot spots may continue, so we should pay attention to local stock opportunities or have a higher winning rate.
Noon daily limit analysis chart
Second, [Market News Focus]
1. On May 17th, Cailian learned from the inter-bank market that the tender for the ultra-long-term special national debt (Phase I) in 2024 has ended, with the weighted winning bid yield of 2.57%, the full-scale multiple of 3.9 and the marginal multiple of 382.6.
2. Cailian News Agency reported on May 17 that Liu Aihua, spokesperson of the National Bureau of Statistics, said at the press conference of the State Council Office on the 17th that since the beginning of this year, various regions have been constantly optimizing their real estate policies due to the city’s policies. Judging from the main data of the real estate sector in April, the real estate sector continues to be in an adjustment period. In the next stage, according to the spirit of Politburo meeting of the Chinese Communist Party, we should earnestly implement the decision-making arrangements of the CPC Central Committee, combine the new changes in the relationship between supply and demand in the real estate market and the people’s new expectations for high-quality housing, make overall plans to study and digest the existing real estate and optimize the incremental housing policies and measures, and pay close attention to building a new model of real estate development to promote the high-quality development of real estate.