On December 8, 2023, driven by the digital economy sector, machine tools rose in the afternoon, and the first weighted stock of machine tool ETF (159663), Huagong Technology, rose by 321%, Taijia shares, Flextron Electric, Leisai Intelligent and other stocks followed up, as of 13:25, machine tool ETF (159663) rose 108%, an increase of more than eighty percent of the performance of holding stocks.
From the perspective of fixed asset investment in the manufacturing industry, the elimination of prevention and control disturbances has promoted the economic situation to improve, and the inventory of finished industrial products is at a stage low, and 2023 may become the starting point of a new round of business cycle in the manufacturing industry. Huachuang ** research report believes that machine tools as the base of the manufacturing industry, high-end machines and parts to achieve self-development and self-production, accelerate the upgrading of intelligent manufacturing will promote the import substitution of domestic brands. The self-development and self-production of the machine tool industry, the update cycle, and the manufacturing cycle resonate, and the industry may usher in a new round of rapid development.
The CSI Machine Tool Index tracked by the Machine Tool ETF covers laser equipment, machine tools, robots, industrial control equipment and other industries, and its constituent stocks include Huagong Technology, Han's Laser, AVIC Hi-Tech, Estun, Green Harmonic, Inovance Technology, Xiamen Tungsten and other leading stocks, with a price-to-book ratio of 3 per cent of the current index77 times, quantile 127%, with a clear valuation advantage, over-the-counter connectivity** (017573 017574).
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