估值不足10倍，基建50ETF冲击6连阳

Core Viewpoint - The A-share market shows a collective increase in major indices, indicating positive market sentiment and potential investment opportunities in infrastructure-related sectors [1] Market Performance - As of December 5, 2025, the Shanghai Composite Index rose by 0.67%, the Shenzhen Component Index increased by 0.98%, and the ChiNext Index gained 1.25% [1] - The Infrastructure 50 ETF (159635) saw a rise of 1.26%, with the latest price at 1.122 yuan and an intraday turnover rate of 7.5% [1] Stock Performance - Among the constituent stocks, Shanghai Port Construction led with a 10% increase, followed by Zhenhua Heavy Industries at 5.72%, Huitong Technology at 4.81%, Aidi Precision at 3.38%, and XCMG at 3.26% [1] - Conversely, Sichuan Road and Bridge experienced a decline of 2.53%, with Hongrun Construction down by 1.05%, Anhui Construction down by 0.41%, Zhongli Co. down by 0.37%, and Pudong Construction down by 0.12% [1] Fund Flow - The Infrastructure 50 ETF has recorded five consecutive trading days of positive performance, with expectations for a sixth consecutive gain [1] - Over the past three trading days, there has been a continuous inflow of funds into the ETF [1] Valuation Insights - The latest price-to-earnings ratio (PE-TTM) for the Infrastructure 50 ETF is 9.64, which is below 10 and represents a valuation that is lower than 66.79% of the time over the past decade [1] - This low valuation suggests potential investment opportunities in undervalued assets within the infrastructure sector [1]