Wind data show that as of April 18, brokerages have surveyed nearly 300 stocks since April, and stocks such as Monchi Technology, Xu Ji Electric, and New Zhou Bang have received high attention from brokerages. At the industry level, there are more individual stocks surveyed in the electronic and mechanical equipment industry.

Entering April, the market entered the performance cashing period. Institutions believe that the second quarter style decision is usually around the performance of cash, the second quarter of the leading plate can usually exceed the first quarter to become the main line of the year.

Montage Technology and other stocks received attention from brokerages

Wind data show that as of April 18, 295 stocks have been investigated by brokerages since April. Among them, Montage Technology was investigated by 77 brokerages, ranking first in the number of brokerages surveyed; Followed by Xu Ji Electric, which was investigated by 70 brokers; New Zhou Bang was surveyed by 66 brokerages, ranking third. In addition, BOE A, double ring transmission, Huat Gas, Ai Wei Electronics 4 stocks also received attention from brokerages, the number of brokerages surveyed are more than 60 (including 60).

From the perspective of industry distribution, the above 295 stocks include 29 industry sectors (Shenwan Level). Among them, the electronics industry and mechanical equipment industry covered 37 stocks, the number of covered stocks tied for the first place; The computer industry and the pharmaceutical and biological industry both covered 29 stocks, and the number of covered stocks ranked second; There are 26 stocks belonging to the power equipment industry, ranking third. In addition, the number of stocks covered by basic chemicals, automobiles, non-ferrous metals and other industries also ranked first, with more than 10.

From the perspective of research issues, brokerage institutions pay more attention to the industry competition pattern of listed companies and the future market space. For example, some institutions asked Montage Technology about the current competitive landscape of its main competitive chips, the future market space, and the company's orders in hand in 2024 and downstream market demand.

From the market performance point of view, as of April 18, the top stock since April is China XD, with a rise of 49.64%; Liugong followed, up 31.46%; Daotong Technology was third with a 30.97 percent gain.

The market has entered the investment phase of prosperity

Since April, with the annual report, quarterly report and economic data landing one after another, the industry believes that the market has gradually returned to the reality of the fundamentals and began to enter the stage of boom investment.

From the perspective of the seasonal law of A-shares, Cinda Securities believes that in the window period of A-share performance disclosure, especially in April (annual report, quarterly report disclosure), July-August (interim report disclosure), the industry's rise and fall are significantly affected by profit forecasts. In the second quarter of the calendar year, the leading plate can usually surpass the first quarter to become the main line of the whole year. The style decision in the second quarter is usually centered on performance realization, which mainly has the following three clues: First, ROE is stable at a high level, and performance realization is in an upward trend. Second, the annual supply and demand pattern has improved, and the profit realization is expected to be better. Third, profits are more resilient because of the economic recovery.

Therefore, in the view of Cinda Securities, on the one hand, the main line of prosperity in the second quarter can pay attention to the industries that stabilize at a high level after the ROE central rise and are in the upward cycle of prosperity, mainly including the upstream cycle, such as coal, petroleum and petrochemical, and non-ferrous metals; On the other hand, you can pay attention to the export chain whose performance is in the upward trend, mainly including the automobile, textile and clothing, light industrial manufacturing, household appliances, etc., as well as the machinery and equipment, logistics and other sectors.

In the view of GF Securities, the direction of external demand may be an important economic clue for the first quarter and even this year, mainly concentrated in three directions: First, the recovery of the global manufacturing industry means that the supply and demand pattern of some global pricing industrial products has improved, and the upstream resource industry of A-shares has benefited, such as industrial metals, petroleum and petrochemical industries; Second, the improvement of global manufacturing PMI means the recovery of demand for China's export chain manufacturing industry, driving the stock price performance of export chain industries, such as air conditioners, washing machines, television sets, and buses in automobiles; Third, the current overseas penetration rate is still low and has the potential to speed up the variety of going out, such as heavy trucks, construction machinery, electric forklifts, agricultural machinery and so on.