Investment Rating - The industry investment rating is "Outperform the Market" [1] Core Viewpoints - The ongoing conflict in the Middle East, particularly the Israel-Iran tensions, is expected to boost military trade, leading to a potential expansion in the military trade market [4][12] - The report highlights significant stock price increases for domestic military trade-related companies following the India-Pakistan conflict, with some companies seeing price increases exceeding 50% [5][17] - The military industry is anticipated to experience a turning point in orders as the "Centenary of the Army Building Goals" enters its second half, with new technologies and products expected to drive market growth [18] Summary by Sections Industry Overview - The closing index for the defense industry is 1524.38, with a 52-week high of 1712.48 and a low of 1113.62 [1] Market Performance - The military sector indices showed a weekly increase, with the CSI Military Index rising by 0.55% and the Shenwan Military Index increasing by 1.03%, while the broader market indices declined [19] - The top-performing stocks in the military sector for the week included Guorui Technology (+15.94%) and Chenxi Aviation (+13.98%) [21] Investment Recommendations - Two main investment themes are suggested: 1. Aerospace and "gap-filling" new focuses, including companies like Feilihua and YF Electronics [18] 2. New technologies, products, and market opportunities with greater elasticity, including companies like Aerospace Intelligence and Guorui Technology [18] Valuation Levels - As of June 13, 2025, the CSI Military Index stands at 10786.39, with a PE-TTM valuation of 104.83 and a PB valuation of 3.33, indicating that 80.24% of the time since January 1, 2014, the PE-TTM valuation has been lower than the current level [23][26]

埃尔多安：土耳其将向印尼出口48架第五代战机"可汗" 智通财经6月12日电，土耳其总统埃尔多安11日证实，土耳其与印度尼西亚当天签订了一份土方向印尼 出口48架国产第五代战机"可汗"战斗机的合同。埃尔多安当天在社交媒体上发文说，作为与印尼签署的 合同的一部分，48架"可汗"战斗机将在土耳其生产并出口到印尼。据土耳其广播电视台报道，土耳其航 空航天工业公司当天在印尼首都雅加达举办的印尼防务展与论坛上与印尼方面签订了一份价值100亿美 元的国防出口合同。合同为期10年，包括向印尼方面提供技术转让。首批战机预计于2028年交付。 (新 华社) ...