We are in March 20th in the "must pay attention to several industry trends" promising OLED, glass, semiconductor, automotive electronics several directions, the entire electronics industry or leading A shares, we recommend the stock rose. May glass and the recent semiconductor, so that further spread of the plate hot spots, such as the blue Si such a large market capitalization of white horse has more than 40% of the increase. Internal logic which we think is not a simple transfer of the hot market, but its own TMT industry from hardware innovation - the application of high growth - the cycle of hardware innovation and innovation.
From the demand side of the drive, we see several very important trends: 1) the traditional intelligent hardware replacement cycle giants driven by the technological innovation; the rapid increase of auto electronic rate; 3) science and technology innovation center of gravity to hardware. On the other hand, from the supply point of view, we see the whole supply chain focus has shifted to China, the trend has accelerated: 1) automotive electronics supply chain flat, good Chinese enterprises; 2) China become the center of gravity of the semiconductor capital spending; 3) local chip companies rise and Networking Era giant advantage no longer.
All in all, we think that this round of electronic market is behind, is the focus of scientific and technological innovation from the application of re steering hardware, supply chain in automotive electronics, Internet of things and other demand driven further to China's inevitable trend. So we are in addition to continue to look good on the original OLED+ glass + semiconductor main line, continue to be optimistic about the loud, automotive electronics, military electronics several directions.
Investment advice: acoustic field, recommended Guoguang electric, GoerTek, sunway communication (speakers supply chain), Heer (intelligent control), pay attention to the cruiser. The field of automotive electronics, recommend full Chi Technology (chip), Dongshan precision (mflex Tesla suppliers), sunway communication (Communication), Eaton (electronic and Automotive PCB board, crystal photoelectric (car HUD) Yang Jie Technology (cars with discrete components). Military electronics, avionics test, CNAC photoelectric (new equipment), Kaile science and technology communication of military and orbita (space) chip.
