In the market downturn and sinking, A-share "printed circuit board" plate is greatly sought after by capital, many shares have reached recent highs.
Product price increase is the direct "fuse" of the "printed circuit board" plate explosion, and the leading companies in the
printed circuit board industry will usher in greater development opportunities.
Capital drives the board to start against the trend
On July 18, the concept stocks of printed circuit board set off a wave of trading limits. Among the 22 concept stocks, ultrasonic electronics, Jin'an Guoji, Wazam new materials, Tianjin Printronics Circuit Corp. and Bomin electronics were trading. In fact, as early as late June, the market of printed circuit board plate has gradually started, and the overall growth rate of the plate is more than 18%, far exceeding the overall market.
Analysts of CITIC Securities believe that the price increase of products is the direct catalytic factor of the plate, and the deep-seated reason is that the increase of high-end downstream demand and the integration opportunities brought about by environmental protection make the leading companies "the strong are always strong", and many large PCB factories have opened the "price increase" mode.
Since July, omway electronics, KB group and other large factories have issued price increase notices, and the price of the whole PCB industry has increased by 10%. Nowadays, even if the price keeps rising, the factory's orders are still too much to do, and the delivery time is also extending.
From the end of 2017, from Kunshan environmental protection in Jiangsu Province to Zhuhai and Shanghai, and then to Shenzhen, the strict inspection of emission restriction has led to production restriction, which has prompted the whole PCB industry to set off a price rise tide. It is expected that the overall price increase will exceed 30% by the end of 2017.
In addition, since 2017, Suntak, FastPrint, Bomin electronics and Huizhou China Eagle Electronic Technology InC. and other listed companies have implemented merger and acquisition plans, and their market share has gradually increased. At present, the total market share of the top three domestic manufacturers is less than 40%, and the industry concentration is far lower than that of other countries and regions in the world. In the future, the share of leading companies will have greater room for improvement, which also increases the confidence of leading enterprises to raise prices against the market.
5G business promotes PCB explosion
As the basic material of electronic products, PCB is the mother of electronic products. It has a broad demand market. Its application fields include communication, computer, consumer electronics, automotive electronics, etc., among which communication and computer are the largest application plates of PCB, accounting for more than 25%.
At present, the 5G era is gradually approaching. It will enter the initial commercial operation in 2019 and officially in 2020. It is reported that various application scenarios of 5g have higher requirements for connection speed, delay and connection density. 5g radio frequency will introduce massive MIMO (large-scale antenna array) technology, which requires millimeter wave band with wider spectrum and wider bandwidth for communication.
Compared with the number and scale of base stations with million level in 4G era, the development of millimeter wave will promote the base station scale of 5g era to break through 10 million level. It can be predicted that with the gradual arrival of 5g full-scale commercial era, the mass construction and upgrading of communication base stations will form a huge demand for high-frequency and high-speed boards such as PCB, and PCB will meet the needs of a new round of upgrading and replacement.
