On November 3, the military industry plate reappeared the "one-day tour" market. Plate opening fell, Invik, Valin cable fell more than 7%, Tianqin equipment, Fushun special steel, Huazi technology, national machinery Seiko and other stocks fell.

Although the market has rotated to speed up this year and the style is changeable, it is surprising that the market performance is so unpredictable. However, the military industrial unit has always been mysterious and unpredictable because of its opaque information and difficult to judge the persistence of performance, so it has always had more obvious volatility characteristics. Today's brief correction is a bit unexpected, but it is also reasonable.

Compared with the past, the recent trend of military industry is different in stability, persistence and market cognition. However, the relevant practitioners said that although the military industrial plate has changes from time to time, but each pullback can hit a new high, the plate shows a strong resilience, showing a spiral shock climbing trend.

　　The results of the three quarterly reports are eye-catching.

Although today's military industry plate reappears the "one-day tour" market, but from a fundamental point of view, the military industry sector does not have any substantial negative, and even the performance of the three quarterly reports can be said to be very eye-catching.

The data show that in the first three quarters of 2021, the total operating income of the 102 listed companies in the military sector reached 389.3 billion yuan, up 19.26 percent over the same period last year; the net profit returned to the home was 28.014 billion yuan, up 22.38 percent over the same period last year; and the total operating income in the third quarter was 133.176 billion yuan, up 9.79 percent over the same period last year. The net profit returned to the home was 9.327 billion yuan, an increase of 21.62 percent over the same period last year.

With the completion of the disclosure of the three quarterly reports of listed companies in the plate, institutional analysis pointed out that the overall performance of the military industry is excellent, the scale effect is prominent, and the industry's high-profile demeanor has been further verified. At present, the overall valuation of the military sector is not high, and the level of index valuation is lower than that of nearly 44% in history, which can be said to have a high margin of valuation safety.

　　The organization is optimistic about the follow-up trend of the military industry.

In view of the future, Huaxi Securities believes that from a game point of view, the military industry index has outperformed the market many times in the New year market. In the New year market, with the improvement of market risk appetite, the attention of the military industry sector is expected to continue to increase, and the military industry index may reach a new high and be bullish on the New year market in an all-round way.

Zheshang Securities also maintains the judgment that "the defense sector will rise in volatility, there is no lack of catalysis of hot events / orders / performance, and short-term pullbacks provide buying opportunities".

It is worth mentioning that for the military sector, public funds have long been "bright sword". The third quarterly report of the fund shows that the allocation of public funds to the military industry has been significantly improved, and the scale of heavy positions has once again reached an all-time high, indicating the organization's confidence in the development of the military industry.

According to the three quarterly reports of listed companies and three quarterly reports of funds, a number of star fund managers, such as Zhu Shaoxing, Feng Mingyuan, Zhao Qiu, Xie Zhiyu, Yang Ruiwen, Liang Hao, and so on, are favored for military industrial stocks, and some appear in the top 10 heavy warehouse stocks, while others appear on the list of the top 10 circulating shareholders of military industrial stocks.