December 17 news, military stocks rose in the short term, as of press time, Xiyi shares 10 consecutive board, ten thousand lima up more than 10%, aviation technology, pagoda industry, Guihang shares, aerospace Morninglight, Changchun Yidong, Chenxi Airlines and other collective higher.

On the news side, Changxin Fund said that from the reporting characteristics of the military industry plate, we can find that in the context of the 14th five-year Plan norms to promote the volume of the industry, the profit level and cash flow of military enterprises have been greatly improved. Scale effect is expected to bring continuous cost reduction, sector performance may exceed market expectations. Under the premise of capacity expansion and R & D investment growth, the sustainability of the performance of the military sector can be expected. From the perspective of valuation, the valuation of core military industrial enterprises is only 30-50 times, but their growth rate is also between 30% and 40%, with a high degree of matching between valuation and growth. At present, the PEG of the industry is only about 1 in 2023, and the performance price is relatively high.