Electronics industry three strategies |
|
Domestic investment in the electronics industry amounted to a resumption of growth this year,IC manufacturing industry which has maintained a relatively high growth, while maintaining a relatively stable vacuum device industries.Discrete Semiconductor investment to the industry remains in the doldrums.The upstream face of rising prices of raw materials and downstream products, lower prices squeezed the industry's growth,profit model is changing. Electronics exports account for a large proportion of sales revenue.RMB revaluation would directly reduce the profits from exports of electronic components space.Although the objective will lead to rising prices of non-ferrous metals enterprises varying degrees of costs.But industry profits either through lower prices to the central bank to be accomplished either through technological upgrading to digest.And Overall, the electronic components industry also is in a good trend has continued to turn, increases in the prices of non-ferrous metals.These advantages for the industry, at least the company was not greatly affected. Investment Strategy : a tax incentive policies and grasp the opportunities for investment.IC packaging and in the greatest possible benefit from the LED field.Su-long focus : G -- G enjoy the preferential policies in the interests of students after the investment opportunities. Strategy 2 : Mark investment opportunities under the merger.Son vacuum device industries, trades at a low ebb, the company Ancaigaoke industry.Rainbow shares at the net asset prices far below.The company is likely to occur in some strength mainly for a horizontal merger,Through the acquisition of competitors to achieve the objective to gradually expand its market share.Zhenhua separation devices and sub-sectors of science and technology, such as elegance and high vertical acquisitions are more likely to occur.Based on the control of raw materials and sales channels and customers downstream upward extensionto improve the ability of the market to achieve this purpose.Taking into account the completion of the equity division reform, the listed companies related to the effect of declining Shijinglu: as first priority,and the decline in the proportion of shares held by major shareholders, highlighting the value of mergers and acquisitions Three independent innovation investment strategy : the valuation premium.With the gradual implementation of relevant policies, and China's economy is at a stage of rapid growth.and the steady growth in a mature market economy, China's stock market had strong growth,The electronics industry has correspondingly higher valuation.Su-long focus : G -- G Shilanwei, G-Micro. |
