| ESLT 埃尔比特系统 | | | | --- | --- | --- | | 504 050 + +0.820 +0.16% | | 收盘价 11/18 16:00 美东 | | 521.750 ↑ 17.700 +3.51% | | 盘前价 11/19 04:14 美东 | | 를 개 때 회 위 및 제 및 | ♥ 自选 | ● 快捷交易 | | 最高价 523,000 | 开盘价 523.000 | 成交量 20.48万 | | 最低价 489.990 | 昨收价 503.230 | 成交额 1.04亿 | | 平均价 507.272 | 市盈率 TM 51.17 | 总市值 233.75亿元 | | 振 幅 6.56% | 市盈率(静) 70.20 | 总股本 4637.43万 | | 换手率 0.77% | 市净率 5.823 | 流通值 134.75亿 | | 52周景高 529.223 | 委 比 52.48% | 流通股 2673.29万 | | 52周最低 241.649 | 量 比 2.09 | 色 主 1胎 | | 历史最高 529.223 | 股息TTM 2.200 | | | ...

Investment Rating - The report maintains an "Overweight" rating for the defense and military industry, indicating an expectation for the industry to outperform the overall market [7][31]. Core Insights - The defense and military industry is expected to experience robust growth in the coming years, driven by a clear upward trend in fundamentals and increased military spending due to geopolitical factors [7]. - The report highlights that the industry is entering a phase of accelerated mechanization and informatization as it approaches the centenary of the military, with a focus on quality and quantity improvements [7]. - The impact of tariff conflicts is viewed positively for the military industry, as it emphasizes the comparative advantages of domestic demand and is expected to accelerate investment in the sector [7]. - New forms of combat capabilities, including AI and robotics, are anticipated to become key growth drivers for the industry, creating new investment opportunities [7]. - The construction of remote sensing constellations and the upcoming aerospace conference are expected to boost the sector's performance [7]. Market Review - Last week, the Shenwan Defense and Military Index fell by 2.55%, while the overall market indices showed mixed results, with the Shanghai Composite Index rising by 1.19% [3][8]. - The report notes that the defense and military sector's performance ranked last among 31 primary industry categories [8]. - The top five performing stocks in the defense and military sector last week included Beimo Gaoke (up 11.94%), Taihe New Materials (up 9.38%), and others, while the worst performers included Zhenhua Technology (down 16.23%) and Hongyuan Electronics (down 13.17%) [8][16][17]. Valuation Changes - The current PE-TTM for the defense and military sector is 68.10, indicating it is in the upper range historically, with a valuation percentile of 54.04% since January 2014 [17]. - The report identifies a slight differentiation in valuations among sub-sectors, with aerospace and aviation equipment showing relatively high PE valuations since 2020 [17][22]. Key Investment Targets - The report suggests increasing attention on high-end combat capabilities and new combat capabilities, with specific stocks highlighted for potential investment [7][24]. - Notable stocks include Feiliwa, Tianqin Equipment, and others in the high-end combat category, as well as Chengdu Huami and Huaying Technology in the new combat capabilities category [7][24].