Industrial Logic Can Counter Short-Term Panic, Continuously Strongly Call for China's Hard Technology [Huaxi Machinery]

English summary

#1. Yesterday US semiconductor stocks rebounded strongly (SOX index +8.19%), with equipment and storage leading: LAM, AMAT, TER up +18%, +15%, +14%; MU, SNDK up +18%, +26%! A-share investors have always lacked confidence in independent technology. After communication, # praying for a US stock rebound has become the only lifeline for most A-share technology investors, so the sentiment repair significance of yesterday's US semiconductor rebound is huge! Compared with short-term sentiment repair, # the fundamental signal of accelerating revenue growth for assets like TER, LAM should be more valued! #2. The short-term speculation of ChangXin's listing has ended. I have always been an optimist of China's hard technology, and I strongly disagree with SK Hynix's valuation of less than 5X in 27 years. So by comparison, ChangXin's valuation is not attractive and has low investment value! I won't dwell on short-term fundamentals here. From a medium- and long-term industrial logic perspective: it is inevitable for ChangXin to expand production on a large scale to grab global market share and compete with SK Hynix, and ChangXin has higher growth; ...