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as the second half of the year is more than halfway through, the market continues to fluctuate, and fund companies are still enthusiastic about research. on september 18, weixing shares, huichuan technology and other listed companies simultaneously released investor relations activity records, announcing recent institutional market research trends. participating units include china merchants fund, china universal asset management, harvest fund and many other fund companies. looking at the long term, since the third quarter, more than 230 fund companies have cumulatively conducted 2,678 research surveys on listed companies, and a single fund company has conducted more than 500 research surveys. in terms of sub-sectors, the electronics and semiconductor sectors have become popular research areas. some industry insiders said that the high number of research surveys by fund companies may be due to the hope that they can more accurately grasp investment targets in the case of large market fluctuations. the electronics and semiconductor sectors have shown a downward trend this year, and as of now, the industry valuation is close to the historical bottom, with investment value with a high safety margin.

public offerings have conducted more than 2,600 surveys

on september 18, weixing co., ltd. released a record of investor relations activities. the record shows that weixing co., ltd. held investor relations activities such as on-site visits and specific object surveys on september 12. it is worth noting that zhu hongyu, chief research officer and star fund manager of china merchants fund, also appeared on the list of participants.

on the same day, several listed companies including huichuan technology, longping high-tech, and guangqi technology simultaneously released investor relations activity records, announcing recent market institution research trends. among the participating units, several fund companies appeared, including china universal asset management, western asset management, penghua fund, and harvest fund.

in general, fund companies have shown a strong enthusiasm for research since the third quarter. wind data shows that as of september 18, more than 230 fund companies have conducted 2,678 research visits to listed companies so far in the third quarter. specifically, bosera fund ranked first with a total of 509 research visits. during the same period, the total number of research visits by harvest fund, china asset management, and fullgoal fund also exceeded 400, ranking second to fourth respectively.

regarding the reason for the high number of surveys, some fund practitioners said that surveys help investment research personnel better understand the actual situation and provide more reference information for investment decisions.

economist and new finance expert yu fenghui also believes that some fund companies conduct more research in order to better understand market dynamics and corporate fundamentals and provide a basis for investment decisions. in addition, they hope to discover potential investment opportunities through in-depth research, especially in the case of large market fluctuations, so as to more accurately grasp the situation of investment targets.

according to wind data, as of september 18, among the three stocks that fund companies have paid the most attention to since the third quarter, zhongji xuchuan, which is an electronic equipment company, appeared as many as 59 times, ranking first. during the same period, espressif technology, which is a semiconductor product and semiconductor equipment company, and inovance technology, which is an automation equipment company, appeared 28 times and 26 times respectively, ranking second and third.

focus on opportunities in the electronics and semiconductor sectors

in terms of the number of researches conducted on individual stocks, wind data shows that zhongji xuchuan has received research from 170 fund companies since the third quarter, ranking first. tianfu communication and espressif technology ranked second and third with 124 and 116 researches respectively. desay sv, lanqi technology and yihe jiaye followed closely behind, all of which have received research from more than 100 fund companies since the third quarter, 111, 109 and 100 respectively.

focusing on the top three, wind data shows that after the adjustment, all of them have seen significant gains this year. as of the close of september 18, zhongji xuchuan's cumulative increase was 40.45%, while tianfu communication and espressif technology rose by 16.69% and 22.96% respectively.

it is worth noting that, from the perspective of the industry, among the top ten stocks that received the most research from fund companies, there were many stocks from industries such as electronic equipment and semiconductor equipment, including zhongji xuchuan, espressif technologies, lanqi technology, and shengyi electronics.

wang hongying, president of the china (hong kong) financial derivatives investment research institute, said that the electronics and semiconductor sectors are being intensively investigated by fund companies, which is related to the industrial development policies advocated by china. the electronics and semiconductor sectors themselves have high added value and play a vital role in the development of the science and technology industry. in the first half of this year, the electronics and semiconductor sectors were affected by the overall environment and their stock prices showed a downward trend. however, as of now, the industry valuation has approached the historical bottom. from the perspective of investment risk, there is not much room for decline. from the perspective of industry growth, it has investment value with a high safety margin.

judging from the index performance, the official website of csi index shows that as of september 13, the csi electronics 50 index, which covers the 50 largest listed securities in the electronics and semiconductor industries, has fallen 11.17% since the beginning of the year. in addition, the csi all-share electronic equipment index and the science and technology semiconductor materials equipment index have also fallen 16.48% and 27.84% respectively since the beginning of the year.

looking ahead to the future market, financial commentator guo shiliang believes that industry sectors such as electronics and semiconductors have received much attention from fund companies' research, mainly because fund companies have seen a rebound in business sentiment. in the future, fund research directions may still tend to pursue industry sectors with high certainty and strong business sentiment.

beijing business daily reporter hao yan