Imikhakha ye-chip ne-semiconductor isiphinde yaba ikhekhe elimnandi lemakethe.Ekupheleni kwemakethe ngoJuni 23, iShenwan Secondary Semiconductor Index inyuke ngaphezu kuka-5.16% ngosuku olulodwa.Ngemuva kokukhuphuka ngo-7.98% ngosuku olulodwa ngoJuni 17, i-Changyang iphinde yakhishwa.Izikhungo zokulingana zikahulumeni nezizimele ngokuvamile zikholelwa ukuthi ukukhula okuhleliwe kwama-semiconductors kungase kuqhubeke, futhi kunesikhala esanele sentuthuko yesikhathi eside.
Umkhakha we-semiconductor ukhuphukile muva nje
Uma sibhekisisa, ku-Shenwan Secondary Semiconductor Index, amasheya amabili e-Ashi Chuang kanye ne-Guokewei akhuphuka ngo-20% ngosuku olufanayo.Phakathi kwezitoko ezingu-47 zenkomba, amasheya angu-16 akhuphuke ngaphezu kuka-5% ngosuku olulodwa.
Kusukela kuvalwa ngoJuni 23, phakathi kwezinkomba zesibili ze-Shenwan eziyi-104, ama-semiconductors anyuke ngo-17.04% kule nyanga, isibili ngemuva kwezimoto, akleliswe endaweni yesibili.
Ngesikhathi esifanayo, inani lengqikithi lama-ETF ahlobene ne-semiconductor "anama-chips" kanye "nama-semiconductors" emagameni awo nawo akhuphukile.Ngesikhathi esifanayo, inani lengqikithi yemikhiqizo eminingi yesikhwama esisebenzayo embonini ye-semiconductor nayo ikhuphuke kakhulu.
Ngokombono wamathemba okuthuthukiswa kwezimboni ze-chip kanye ne-semiconductor, izikhungo zokulingana zomphakathi ngokuvamile zibonise ukuthi zinethemba elihle mayelana namathemba entuthuko yesikhathi eside.I-China Southern Fund Shi Bo uthe uyaqhubeka nokuba nethemba ngenqubo yokwenziwa kwasendaweni kwemboni ye-semiconductor.Icutshungulwa "ukushoda okuyisisekelo" komhlaba wonke nezinye izici, ukwenziwa kwasendaweni kochungechunge lwemboni ye-semiconductor kubalulekile.Noma ngabe kuyimpahla yendabuko ye-semiconductor, noma ukuthuthukiswa kwama-semiconductors esizukulwane sesithathu kanye nobuchwepheshe benqubo obusha, kubonisa ukuzimisela kweShayina ukuqhubeka nokuhlakulela emkhakheni we-semiconductor.
Ngokuka-Pan Yongchang we-Nord Fund, ukuqanjwa nokuchuma kwemboni yezobuchwepheshe kuyadlondlobala, futhi umfutho wokukhula kwesikhathi esimaphakathi nesikhathi eside unamandla.Isibonelo, isidingo sesikhathi esifushane emkhakheni we-semiconductor sinamandla futhi ukunikezwa kuqinile.Umqondo wokungalingani kwesikhathi esifushane phakathi kokuhlinzekwa kwezidingo kanye nesidingo uhambisana nomqondo wesikhathi esimaphakathi neside, okungase kuqhubekisele phambili ukuchuma komkhakha we-semiconductor ukuthi uqhubeke nokukhuphuka.
Imboni kulindeleke ukuthi iqhubeke nokukhula
Ngokombono wokuhlinzeka ngezigaba kanye nesidingo, abatshalizimali abaningi okukhulunywe nabo bathi ukuqhubeka nokukhuphuka kwemboni ye-semiconductor kuzoba umcimbi omkhulu wamathuba.U-You Guoliang, umphathi wesikhwama se-Great Wall Jiujia Innovation Growth Fund, uthe izinto eziyisisekelo zomkhakha we-semiconductor bezilokhu ziba ngcono eminyakeni yamuva, ikakhulukazi eminyakeni emibili edlule, ukukhula kokusebenza kwezinkampani ezihlobene ngokuvamile bekuphezulu kakhulu.Inkundla ye-chip yaqala ukuphelelwa isitokwe engxenyeni yesine yonyaka odlule, futhi ukuchuma kwemboni kwathuthukiswa nakakhulu.Kungabonakala ukuthi ukusebenza kwezinkampani eziningi ezisohlwini oluhlobene ne-semiconductor kuyaqhubeka nokukhula ngokushesha, ikakhulukazi ezinye izinkampani ze-semiconductor yamandla, ngenxa yokushayela ugesi wezimoto kanye nobuhlakani, ukusebenza kombiko wekota walo nyaka kuvelele, kudlula okulindelwe yimakethe.
U-Kong Xuebing, umqondisi ophethe kanye nomphathi wesikhwama somnyango wokutshalwa kwezimali we-Jinxin Fund, muva nje uveze ukuthi kufanele kube umcimbi omkhulu ongase ube khona embonini ye-semiconductor ukuzuza izinga lokukhula kokusebenza elingaphezu kwama-20% ngo-2021;ukusuka ekwakhiweni kwe-IC kuya ekukhiqizeni okuyisicwecwana kuya ekupakishweni nasekuhlolweni, kokubili umthamo kanye nentengo kunyukile emhlabeni jikelele.Kuyinto evamile yocansi;kulindeleke ukuthi umthamo wokukhiqiza we-semiconductor womhlaba wonke uqine kuze kube ngu-2022.
I-Ping An Fund u-Xue Jiying uthe ngokombono wokuchuma kwesikhathi esifushane, "isidingo sokuthola kabusha + isitokwe sempahla + nokungatholakali okwanele" kuholele ekuhlinzekeni okuqinile kwe-semiconductor yomhlaba wonke kanye nesidingo engxenyeni yokuqala ka-2021. Isimo "sokushoda okuyisisekelo" ibucayi.Izizathu eziyinhloko yilezi ezilandelayo: ohlangothini lwesidingo Ngokuya ngesidingo esingaphansi komfula, isidingo esingezansi somfula sezimoto nezimboni silulama ngokushesha.Ukuqanjwa kabusha kwesakhiwo okufana ne-5G nezimoto ezintsha zamandla kulethe ukukhula okusha.Ngaphezu kwalokho, lolu bhubhane luthinta isidingo samaselula kanye nemboni yezimoto, futhi ama-chips akhuphukayo ngokuvamile agaya i-inventory futhi afune ukululama.Ngemuva kokuthi ukunikezwa kunqunyelwe, izinkampani zokugcina zandisa ukuthengwa kwama-chip, futhi izinkampani zama-chip zandisa isidingo samawafa.Engxenyeni yokuqala yalo nyaka, ukungqubuzana kwesikhashana phakathi kokunikezwa kanye nesidingo kwaqina.Ngokombono wohlangothi lokuhlinzeka, ukuhlinzekwa kwezinqubo ezivuthiwe kunqunyelwe, futhi ukunikezwa kwe-semiconductor yomhlaba wonke kuncane kakhulu.Ukuphakama komzuliswano wokugcina wokunwetshwa kwaba yingxenye yokuqala ka-2017-2018.Ngemuva kwalokho, ngaphansi kwethonya lokuphazamiseka kwangaphandle, kube nokunwetshwa okuncane kanye nokutshalwa kwezimali okuncane kwemishini ngo-2019. , Ngo-2020, ukutshalwa kwezimali kwemishini kuzokwanda (+ 30% unyaka nonyaka), kodwa umthamo wangempela wokukhiqiza uphansi (othintwe umqedazwe).UXue Jiying ubikezela ukuthi ukukhula kwemboni ye-semiconductor kuzohlala okungenani kuze kube yingxenye yokuqala yonyaka ozayo.Ngaphansi kwalesi simo, amathuba okutshala izimali kulo mkhakha azokhula.Embonini ngokwayo, inomkhuba omuhle womkhakha.Ngaphansi kwe-boom ephezulu, kubaluleke kakhulu ukuhlola amathuba amaningi esitoko ngasinye..
Umphathi we-Invesco Great Wall Fund u-Yang Ruiwen uthe: Okokuqala, lokhu umjikelezo we-semiconductor boom ongakaze ubonwe, obonakala ekwenyukeni okusobala kwevolumu nentengo, okuzohlala iminyaka engaphezu kwemibili;okwesibili, izinkampani zokuklama ama-chip ezinokwesekwa kwamandla zizothola okungakaze kubonwe ngaphambili Ukuguqulwa kwe-supply side yezinkampani zokuklama ama-chip kuzoqala;okwesithathu, abakhiqizi baseShayina abafanelekile bazobhekana namathuba angokomlando, futhi ukubambisana komhlaba wonke kuyisihluthulelo sokunciphisa umthelela omubi wezomnotho;Okwesine, ukushoda kwama-chips ezimoto kungokwakuqala, futhi amathuba nawo asekuqaleni kakhulu Izindawo ezihlukene ezixazulula ubunzima bokunikezela kanye nesidingo, kodwa zizoletha okunye "ukushoda okuyisisekelo" kwezinye izindawo.
I-Shenzhen Yihu Investment Analysis ikholelwa ukuthi kusukela kumbono wakamuva wediski, amasheya ezobuchwepheshe kancane kancane aphuma phansi, futhi imboni ye-semiconductor ishisa nakakhulu.Imboni ye-semiconductor ingomunye wemikhakha ethinteke kakhulu ekucushweni komhlaba wonke kochungechunge lwezimboni.Ngaphansi kwesimo esiwumqedazwe, iziphazamiso zomhlaba wonke kanye nokuhlinzekwa kwezidingongqangi ziyaqhubeka, futhi inkinga “yokushoda” ayikadalulwa ngempumelelo.Ngomongo wokunikezwa kwe-semiconductor nokungalingani kwesidingo, izinkampani ze-semiconductor supply chain kulindeleke ukuthi zigcine ukuchuma Okuphezulu, zigxile kuma-semiconductors esizukulwane sesithathu, okuhlanganisa namathuba okutshala izimali ahlobene ku-MCU, umshayeli we-IC, kanye nezingxenye zedivayisi ye-RF.
Isikhathi sokuthumela: Jun-24-2021