Venture(US:VEMLY) Jie Mian Xin Wen·2025-03-24 06:42Core Viewpoint - The recent decline in the ChiNext ETF (159964) presents a notable investment opportunity, as the valuation of the ChiNext index is considered attractive, especially with a significant increase of 40.10% over the past six months [1][3]. Group 1: Market Performance - As of March 24, 2025, the ChiNext index (399006) decreased by 1.22%, with mixed performance among constituent stocks [1]. - Notable gainers included Shenghong Technology (300476) up by 4.80%, and Anker Innovation (300866) up by 3.25%, while Triangular Defense (300775) led the declines with a drop of 7.31% [1]. - The ChiNext ETF (159964) fell by 1.16%, trading at 1.36 yuan, with a turnover of 2.71 million yuan and a turnover rate of 0.52% [1]. Group 2: Valuation Insights - The current price-to-earnings (P/E) ratio of the ChiNext has dropped below 30%, indicating a potential low-point for dollar-cost averaging investments [3]. - The top ten weighted stocks in the ChiNext index account for 50.5% of the index, with Ningde Times (300750) holding the largest weight at 20.39% [3][5]. Group 3: Sector Analysis - The market is experiencing a divergence in styles, with high turnover rates in popular sectors such as computing and machinery, suggesting a need for optimization in micro trading structures [3]. - There is an expectation for cyclical asset recovery driven by policy catalysts as market styles begin to balance [3].