Group 1 - The core viewpoint of the article highlights the high valuation levels of the Sci-Tech 100 Index, with a current PE of 241.8 times and a PB of 5.7 times, indicating that these figures are at the 65th and 94th historical percentiles respectively [1] - The semiconductor industry within the TMT sector shows strong performance, with China's semiconductor sales expected to grow by 15.0% year-on-year by September 2025, an increase of 2.6 percentage points from August [1] - The global semiconductor market is projected to grow by 25.1% year-on-year, with significant growth in regions outside of China and Japan (47.9%) and the Americas (30.6%) [1] Group 2 - The PB valuations for the electronics (semiconductors) and communications sectors are above the 85th historical percentile, indicating sustained high prosperity in the technology sector [1] - The PE valuations for the computer sector (IT services, software development) are also above the 85th historical percentile, reflecting long-term market optimism towards the technology innovation field [1] - The Sci-Tech 100 ETF (588120) tracks the Sci-Tech 100 Index (000698), which has a daily fluctuation limit of 20%, and includes 100 securities selected from the Sci-Tech Board based on market capitalization and liquidity, covering various high-tech and strategic emerging industries [1]
20cm速递｜关注科创板100ETF（588120）投资机会，估值分位与科技景气度引关注