As the ChiNext Board continued to recover and added for four consecutive days, quality growth stocks, such as big data, also went up. Yesterday (September 4), the big data sector was the top winner with a 1.77 percent growth. Big data stocks Yonyou Network Technology Co., Ltd. (600588.SH), Guo Chuang Software Co., Ltd. (300520.SZ), Zhuhai Orbita Control Engineering Co., Ltd. (300053.SZ) and Winner Information Technology Co., Inc. (300609.SZ) surged by the daily limit of 10 percent. In addition, Wuxi Hodgen Technology Co., Ltd. (300279.SZ), Shenzhen Dvision Video Communications Co., Ltd. (300167.SZ), Zhejiang Dahua Technology Co., Ltd. (002236.SZ), Digital China Group Co., Ltd. (000034.SZ), Beijing Sinnet Technology Co., Ltd. (300383.SZ), Inspur Electronic Information Industry Co., Ltd. (000977.SZ) and Shenzhen H&T Intelligent Control Co., Ltd. (002402.SZ) also gained above 4 percent.
The 2nd China Big Data Summit will be held on September 7-8, 2017 at the Crowne Plaza Shanghai Noah Square. In this regard, some analysts said that big data now has a wide range of applications in the financial, artificial intelligence (AI), security, retail and many other industries. To explore the huge potential business value of big data has becomes an important way for leading listed companies to seize the market. Driven by the continuous strengthening of the ChiNext Board and the upcoming big data summit, the big data sector which suffered excessive decrease but are very likely to grow will see trading opportunities.
In terms of capital flow, large funds are actively purchasing some quality big data stocks. Among the 133 big data-related listed stocks, 38 saw inflow of large funds over the past five years. 13 of them saw more than 20 million yuan inflow. The net fund flowing into Hangzhou Hikvision Digital Technology Co., Ltd. (002415.SZ), Yonyou Network Technology, Beijing Ultrapower Software Co., Ltd. (300002.SZ) and Zhuhai Orbita Control Engineering exceed 100 million yuan. Other 9 stocks are YLZ Information Technology Co., Ltd. (300096.SZ), Hand Enterprise Solutions Co., Ltd. (300170.SZ), Shenzhen H&T Intelligent Control, Inspur Software Co., Ltd. (600756.SH), Digital China Group, Winner Information Technology, Dahua Technology, Nexgo Inc. (300130.SZ) and Unisplendour Corporation Limited (000938.SZ). The above 13 stocks attracted a total of 1.437 billion yuan yesterday.
In fact, institutions are generally bullish about the future performance of the above-mentioned 38 stocks. Among them, 34 stocks were given a “buying” or “overweight” rating in the last 30 days. More than 10 institutions gave a buying rating to Beijing Supermap Software Co., Ltd. (300036.SZ), Dahua Technology, Hithink RoyalFlush Information Network Co., Ltd. (300033.SZ), Yonyou Network Technology and Venustech Group Inc. (002439.SZ) in the last 30 days. And more than 5 institutions gave a buying rating to Hand Enterprise Solutions, Sinnet Technology, Winner Information Technology, Inspur Electronic Information Industry, Dawning Information Industry Co., Ltd. (603019.SH), Ultrapower Software, Digital China Group and Sichuan Troy Information Technology Co., Ltd. (300366.SZ) in the last 30 days.
A further study shows that 8 stocks, including Dahua Technology, Yonyou Network Technology, Sinnet Technology, Hand Enterprise Solutions, Winner Information Technology, Unisplendour Corporation, Hikvision Digital Technology and Beijing Watertek Information Technology Co., Ltd. (300324.SZ), ranked top in terms of rating, interim result and capital flow. Over 3 institutions gave them a buying rating in the last 30 days. Their interim report recorded an over 20 percent year-on-year increase in net profit. The net funds flowing into these stocks in the past 5 days exceeded 10 million yuan. These stocks are more likely to rise in the future.
Among these 8 mentioned above, Dahua Technology was the one most bullish by institutions. A total of institutions gave it a buying rating in the recent 30 days. Essence Securities said that as one of the world leading security enterprises, Dahua Technology will be the largest beneficiaries of this round of bullish run in AI and security. Its AI technology and market channel will help the company expand many emerging industries. It expected that the company’s earnings per share in 2017 and 2018 would be 0.88 yuan and 1.18 yuan, and gave it a buying rating with target price of 30 yuan per share in 6 months. Haitong Securities said that benefiting from the application of big data and security application, Dahua Technology is expected to maintain high growth in revenue. It set a target price of 35.70 yuan per share for the company and maintained a buying rating.
Translated by Coral Zhong
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