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How valuable are the monthly gold stocks and which one has the most potential?

Three significant characteristics of gold stocks in August

As August approaches, brokerage firms have released their monthly gold stock lists and the latest market analysis. According to Securities Times Databao statistics, as of now, there are 60 stocks that have been listed as monthly gold stocks by brokerage firms more than twice, and their industry distribution, market value scale, valuation level and performance growth rate have certain significant characteristics.

From the perspective of industry distribution, the five major industries of electronics, power equipment, national defense and military industry, automobiles, and communications have a large number of shortlisted stocks, with more than four stocks in each industry.

There are 8 gold stocks shortlisted in the electronics industry, ranking first in number.Since the beginning of this year, driven by the recovery of the industry cycle, AI technology empowerment and consumer demand for replacement, the consumer electronics industry has shown a significant recovery trend. Southwest Securities Research Report pointed out that the overall valuation of the electronics industry is in line with the current recovery stage and has a high safety margin. Starting from the second half of the year, the prosperity stage will turn from recovery to prosperity.

In terms of market capitalization, brokerage gold stocks are generally companies with A-share market capitalizations of more than 10 billion yuan. According to Databao statistics, as of the close of August 1, the A-share market capitalization of the above 60 gold stocks averaged 153.567 billion yuan. Among them, 56 stocks have A-share market capitalizations of more than 10 billion yuan, accounting for more than 90%. The one with the highest market capitalization isABC, the A-share market value reached 1.48 trillion yuan, and the stock price set historical highs several times this year.

From the perspective of valuation level, as of the close of August 1, 38 stocks had a rolling P/E ratio of less than 30 times, accounting for more than 60% of the total. Four stocks had a rolling P/E ratio of less than 10 times, namelyChina Construction, Bank of Chengdu, Bank of Hangzhou, Agricultural Bank of China。

In terms of performance growth, according to the lower limit of the net profit forecast (if there is no lower limit, the announced value is used), there are 19 stocks whose net profit increased year-on-year in the first half of the year, accounting for more than 80% of the announced number. Among them, 8 stocks are expected to double their net profit growth in the first half of the year, includingZhongji Xuchuan, Lihua Group, Tianfu Communication, China Heavy Industry, China Shipbuildingwait.

Zhongji InnolightNet profit growth ranked first, and the net profit in the first half of the year is expected to be 2.15 billion yuan to 2.5 billion yuan, an increase of 250.3% to 307.33% year-on-year. During the reporting period, thanks to the rapid growth in the proportion of shipments of high-end products such as 800G/400G and the continuous optimization of product structure, the company's operating income and net profit increased significantly year-on-year.

Home appliance giants shortlisted

The number of monthly gold stocks ranked first

Among the brokerage gold stocks in August, the most listed stocks areMidea GroupThe company is a domestic home appliance giant. According to data from Aowei Cloud Network, in eight categories, including home air conditioners, desktop microwave ovens, desktop electric ovens, electric heaters, electric fans, induction cookers, electric kettles, and air fryers, Midea products rank first in the industry in terms of domestic online and offline market share.

Founder Securities stated that Midea Group's C-end domestic sales are steady, its market share is solid, its foreign sales are growing rapidly, and the proportion of its own brands continues to increase; its B-end business has built a second growth engine and continues to exert its strength, its overall profitability is steadily improving, and its operating quality is outstanding.

BYDIt has been on the list 9 times, ranking second. The production and sales express report released by the company on August 1 showed that the sales volume of new energy vehicles in July 2024 was 342,400 units, a year-on-year increase of 30.6%; from January to July this year, the sales volume of new energy vehicles reached 1.9554 million units, a year-on-year increase of 28.83%.

A research report released today by Guotou Securities believes that BYD is expected to accelerate the overseas sales of more models in 2024, and the annual export volume is expected to reach 400,000 to 500,000 vehicles. Since the prices of overseas models are significantly higher than those in China and are more profitable, they are expected to make significant performance contributions to the company.

Other stocks that made the monthly gold stock list includeLuxshare Precision, Changan Automobile, Zhongji Innolight, CATL, China Heavy Industrywait.

Two funds are keeping a close eye on 4 stocks at the same time

From the perspective of capital flows, among the above 60 monthly gold stocks, 21 have seen northbound funds increase their holdings by more than 100 million yuan since July.China Nuclear PowerIt received an increase of 1.487 billion yuan in northbound funds, ranking first; the stock has performed strongly this year, breaking new highs many times, and its A-share market value has now risen to more than 200 billion yuan.

Huatai Securities' latest research report indicates that China National Nuclear Corporation plans to raise no more than 14 billion yuan through a private placement to be used for the construction of nuclear power projects such as Xudabao/Zhangzhou/Tianwan, which is expected to fill the capital gap of the company's nuclear power projects. Judging from the company's investment progress in nuclear power and green power projects, capital expenditures are expected to gradually peak in 2024-2025; even taking into account the continued start of potential new units, the company's FCFF/FCFE is expected to turn positive in 2028-2030.

According to Databao statistics, since July, there are 4 gold stocks that have received northbound funds and net financing purchases of more than 100 million yuan at the same time, namelyChina National Nuclear Corporation, China National Offshore Oil Corporation, Changan Automobile, SugonAmong these four gold stocks, the closing price on August 1st is compared with the high point of the year.Changan Automobile, SugonThe retracement range exceeded 20%.

Statement: All information content of Databao does not constitute investment advice. The stock market is risky and investment should be cautious.

Editor: He Yu

Proofreading: Peng Qihua

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