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——北交所策略周报(20260309-20260315):地缘政治扰动+财报季临近,静待风偏回升时间窗口-20260315
Shenwan Hongyuan Securities· 2026-03-15 14:34
Group 1 - The report indicates that the geopolitical disturbances and the upcoming earnings season are expected to keep the risk appetite low in the market, with a potential rebound window anticipated after the release of quarterly reports [7][8]. - The North Exchange 50 index has decreased by 2.15%, with a significant drop in average daily trading volume by 16.7% compared to the previous week [4][14]. - The report highlights that sectors such as coal and electric equipment have shown strong performance, while military, oil, non-ferrous metals, and media sectors have faced declines [7][8]. Group 2 - The report notes that the North Exchange has seen 1 new stock listing this week, with the company MiRui Technology debuting and experiencing a first-day price increase of 91.91% [24]. - The North Exchange's overall PE (TTM) average is reported at 89.37 times, with a median of 44.65 times, indicating a decrease in valuation metrics [22][19]. - The report identifies key stocks to watch, including Tongli Co., Suzhou Axis, and others in the energy, military, and technology sectors, suggesting a focus on undervalued high-performance stocks [10][32]. Group 3 - The report mentions that the North Exchange has a stock rise-to-fall ratio of 0.23, with notable gainers including Dapeng Industry and Wuhan Blue Electric [32]. - The new three-board market has seen 5 new listings and 5 delistings, with a total of 5932 companies currently listed [42][44]. - The report provides insights into the financing activities, noting a planned financing of 0.63 billion and completed financing of 0.28 billion this week [44][45].
北交所策略周报:地缘政治扰动+财报季临近,静待风偏回升时间窗口-20260315
Shenwan Hongyuan Securities· 2026-03-15 12:12
Group 1 - The report indicates that geopolitical disturbances and the upcoming earnings season are expected to keep market risk appetite low, with a potential rebound window anticipated post the release of quarterly reports [9][10]. - The North Exchange 50 index has decreased by 2.15%, with average daily trading volume down by 16.7% compared to the previous week, reflecting significant market volatility [9][16]. - The report highlights that sectors such as coal and electric equipment have shown gains, while military, oil, non-ferrous metals, and media sectors have experienced declines [9][10]. Group 2 - The report notes that the North Exchange has seen a total of 1 new stock listing this week, with the company MiRui Technology debuting and achieving a first-day price increase of 91.91% [26]. - The North Exchange's overall performance is not optimistic based on current earnings forecasts, with a strong stock proportion dropping to 18.5%, indicating a cautious market outlook [10][12]. - The report emphasizes the importance of focusing on sectors such as energy chemicals, military, and undervalued high-performing stocks, while also highlighting technology sectors with upward elasticity like commercial aerospace and semiconductors [12]. Group 3 - The North Exchange's PE (TTM) average is reported at 89.37 times, with a median of 44.65 times, indicating a relatively high valuation compared to other exchanges [24][22]. - The trading volume for the North Exchange this week was 4.279 billion shares, a decrease of 19.85% from the previous week, with a total trading value of 98.643 billion yuan, down by 16.71% [23][16]. - The report mentions that the North Exchange's margin trading balance has increased to 8.502 billion yuan, reflecting a slight uptick in investor engagement [30]. Group 4 - The report details that 5 new companies were listed on the New Third Board this week, with a total of 5 companies delisted, and a planned financing of 0.63 billion yuan, of which 0.28 billion yuan was completed [47][49]. - The New Third Board currently has 5,932 listed companies, with 2,262 in the innovation layer and 3,670 in the basic layer [47]. - The report provides insights into the fundraising activities, highlighting the top five companies in terms of fundraising plans and implementations, indicating ongoing capital market activities [50][54].