On the morning of August 4, the three major A-share indexes rose collectively, the sports sector broke out, and a trading tide was staged in the sector.
Main index trend of a shares in the morning
The new energy vehicle sector rebounded strongly. According to wind data, BYD closed up 9.22% at 305.91 yuan at noon. Its share price exceeded 300 yuan for the first time in history, with a total market value of 800.2 billion yuan. If it can surpass the total market value of PetroChina by 804.3 billion yuan, it will rank among the top 10 of the total market value of a shares for the first time.
Sports sector outbreak
After yesterday’s closing, the sports industry ushered in heavy policy benefits.
The State Council issued the national fitness plan (2021-2025) (hereinafter referred to as the plan). According to the overall requirements of the plan, by 2025, the proportion of people who exercise regularly will reach 38.5%, and the scale of the sports industry will reach 5 trillion yuan.
On the morning of August 3, the sports sector broke out, and several stocks in the sector rose by the limit.
Some of the top gainers in the morning were sports stocks
Four main lines Nuggets “sunshine track”
In 2019, the total scale of China’s sports industry is about 2.95 trillion yuan. If the total scale of the sports industry is 5 trillion yuan in 2025, the industry CAGR (compound annual growth rate) will reach 9.20%. There is no doubt that the sports industry has ushered in medium – and long-term development opportunities.
CITIC Securities said that the sports track is expected to become a sunshine track with long-term favorable policies. From the perspective of investment, the boom of the sports sector continues upward, which is one of the consumption segments worthy of long-term attention and layout. Recently, due to the adjustment of the overall market fluctuation, the valuation of leading companies generally returned to the configurable range, maintained the industry’s “stronger than the market” rating, and it is recommended to actively allocate.
Zheshang Securities said that sports consumption ushered in a golden age, and the rise of domestic brands was just at that time. Under the catalysis of policy support, the sector will usher in medium and long-term development opportunities, and China’s sports related optional consumer goods will usher in a golden age.
In terms of specific configuration, Zheshang securities suggests paying attention to four main lines: leading local sports clothing brands; Sports shoes and clothing supply chain leader; Sports equipment; Fitness food stocks.
Reprint indicated source：Shine Trader Limited Live information