Lithium battery concept is hot, fund managers are becoming more cautious |

Original title: Lithium battery concept is hot, fund managers are becoming more cautious

Do you still dare to buy a lithium battery faucet? The kind of “diving” in the late game.

August 5,Jiangte MotorIt fluctuated widely, and it started to rise sharply after 14 o’clock in the afternoon, and the daily limit was once blocked. However, before the market closed, big selling orders suddenly poured out, breaking the daily limit at the last minute before the market closed. Since July, Jiangte Motor’s cumulative increase has exceeded 220%. In the dragon and tiger list of recent trading days, institutions have appeared many times and have shown a trend of large-scale net buying. Why Jiangte Electric has become a dazzling star stock in the recent market? According to industry analysts, the company belongs to the concept of lithium mining and belongs to the current hot industry.

In fact, the new energy sector represented by lithium batteries is undoubtedly a hot track in the recent market. The influx of a large amount of funds has pushed the stock prices of related stocks to record highs. The organization of lithium batteries is mainly due to the long-term growth logic of related advanced manufacturing industries in the context of economic transformation and upgrading. A fund manager reminded that with the occurrence of “trading crowding” on some tracks, if the net inflow of funds from subsequent institutions is not as expected, investors need to be alert to the risk of high stock price fluctuations.

Lithium travels all over the world

“Lithium travels all over the world, and it is difficult to move without lithium.” Similar stories have been widely circulated in the A-share market recently.

Since 2021, the lithium battery industry has been hot in the market. As the sales of downstream electric vehicles are expected to be very good, the demand for the lithium battery industry has been detonated. The downstream demand is transmitted to the lithium battery factory, and then it is logically transmitted to the upstream raw material lithium mine.

Funds flocked from various sources, including public funds. “Battery Mao”Tianqi LithiumAt the end of the second quarter, it was held by more than 100 public funds (shares are calculated separately), with a total shareholding of more than 94,446,300 shares.Another leading company in the field of power batteriesGanfeng Lithium, Is also the “Big White Horse” recognized by many companies. At the end of the second quarter, it was held by more than 280 public funds (calculated separately), with a total shareholding of more than 194,478,300 shares.

Industry insiders told the China Securities Journal reporter that it is certain that with the increase in the penetration rate of new energy vehicles in the future, the demand for power batteries will increase, so the demand for lithium raw materials will also increase accordingly. In the short term, due to the clear support of domestic and foreign policies and recent market sentiment, a large amount of funds have been transferred to the policy-supported new energy sector, and some companies’ stock prices have indeed overheated.

It is recommended to invest cautiously

He Li, general manager of Zhishan Investment, said bluntly that new energy vehicles, or to be precise, electric smart cars, are one of the most important directions and tracks for Chinese investment in the future. They carry China’s energy revolution and promote economic growth. It is an important mission, and the long-term probability is high in the future. Therefore, it is organized and organized by individual investors on a large scale. “Lithium batteries account for a relatively high manufacturing cost of new energy vehicles. Therefore, the upstream of lithium batteries should receive high attention. It is obviously overheated. However, the market will always be overly optimistic. It is difficult to say that it will be’reduced fever’ or more’high fever’ in the short term. New trends such as the rise of independent brands of auto parts and the entry of new players in lithium batteries have not yet been fully explored by the market.”

He Li said: “At present, our investment logic has been upgraded from new energy vehicles to electric smart cars, focusing on two aspects: one is investment opportunities in auto parts, such as auto glass and battery new players; the other is OEMs. Investment opportunities, such as listed companies that can do both electric smart cars and energy-saving vehicles in the future.”

Chenxiang Investment Research Director Zhou Yinjie said that judging from the current forecast of the demand for electric vehicles, the rate of expansion of lithium concentrate is much lower than the growth rate of demand for downstream electric vehicles. In the next 2-3 years, lithium concentrate Mine supply will become one of the most tight links in the electric vehicle industry chain. This lack of certainty has pushed up the market’s valuation of lithium mining stocks. From the current stock price, if the price of lithium salt is expected to be above 150,000 yuan/ton or even higher next year, there is still room for the valuation of these lithium mining concept stocks to continue to increase, and there has not yet been a significant bubble. Even if the short-term stock price rises too fast, compared with other companies, the valuation digestibility is higher.

Liu Cunxin, assistant to the fund manager of the private equity ranking network, suggested that investors in the market outlook can pay attention from three aspects: one is to pay attention to whether the company’s interim performance can absorb the high valuation; the other is to pay attention to whether the lithium mining company has enough new input minerals and is good Technology to meet the high demand in the future; the third is to pay attention to the impact of sodium-ion batteries on the demand for lithium batteries in the future.