Group 1 - The report highlights a recovery in the consumer electronics industry, with a focus on the Android ecosystem showing healthy inventory levels and a weak recovery, particularly with Huawei's return impacting market dynamics [4] - The report anticipates that Apple's iPhone inventory for Q2 is expected to be good, with a low base from the previous year, suggesting potential growth [4] - The report suggests monitoring the consumer electronics supply chain, particularly companies like Lens Technology and GoerTek [4] Group 2 - The report notes that the retail sales of new energy vehicles reached 804,000 units in May, representing a year-on-year increase of 38.5% [17] - The report indicates that the overall market valuation is within a reasonable range, with the Shanghai Composite Index's TTM P/E ratio at 13.56 times, which is at the historical 23.41% percentile [67] - The report mentions that the electronic sector performed well, with significant increases in stock prices for electronics, defense, and coal sectors, while real estate and construction materials saw declines [44][15]
川财证券研究所晨报
Chuancai Securities·2024-06-12 02:30