A-share pre-market report | Good news for US-Iran! Oil prices fall, US chip stocks continue to soar

Pre-market headlines 1. Trump speaks! Military action against Iran's "epic rage" has ended, Korean stocks surge, oil prices fall Type: macro Emotional impact: positive Trump stated that both the US and Iran have reached a consensus: although the US's maritime blockade against Iran continues to be fully effective, the "Freedom Plan" (US military assisting ships to pass through the Strait of Hormuz) will be temporarily suspended. Futures for the three major US stock indexes all rose, international oil prices plummeted significantly, with WTI crude oil futures falling by 2%. US Secretary of State Pompeo stated that the military action against Iran's "epic rage" has ended. The Korean index opened with a 4% surge. 2. Nasdaq and S&P hit new highs again! Chip stocks continue to soar, Micron, Intel rise by over 10% Type: market Emotional impact: positive US stocks rose on Tuesday, with the Nasdaq and S&P 500 indexes reaching new closing highs. The US government reiterated that the ceasefire agreement with Iran remains valid, easing concerns about the two countries returning to a major war. The Philadelphia Semiconductor Index rose by 4.23%, and chip stocks continued to perform strongly, with Intel rising by over 12%. It was reported that Apple has had exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, and SanDisk and Micron Technology rose by over 11%, reaching historical highs. 3. New housing policies introduced in Guangzhou, Tianjin, etc., positive signals in popular areas during the "May Day" holiday Type: industry Emotional impact: positive A new round of policy implementations in the national real estate market recently. On April 29, Shenzhen was the first to implement new policies, followed by Guangzhou, Tianjin, Wuhan releasing new policies on the same day, and Suzhou followed suit with measures. Analysis suggests that this round of new real estate policies focuses on both short-term demand release and long-term market structure optimization. During the "May Day" holiday, the second-hand housing transaction volume in first-tier cities increased by 40% year-on-year, while in second-tier cities, it rose by nearly 20%. 4. People's Bank of China and three other departments: equipment renewal loans to be expanded to 14 fields including artificial intelligence Type: macro Emotional impact: positive The People's Bank of China and three other departments jointly issued the "Notice on Expanding Technological Innovation and Technological Transformation Loan Distribution to Further Support Equipment Renewal." The notice expands the scope of support for technological innovation and equipment renewal, including privately-owned small and medium-sized enterprises with high research and development levels in the refinancing policy support area. The scope of loan support for technological transformation and equipment renewal is expanded to include 14 fields such as electronics, artificial intelligence, facility agriculture, and consumer business facilities. Investment Calendar 2026 China Artificial Intelligence Conference Investment Tips You must accept this fact: failure is part of financial trading. - Viktor Spirandelli, "The Professional Speculator Principles" Institutional Perspectives 1. CMSC: With the diminishing impact of US-Iran conflict on A shares, focus on domestic computing power, lithium batteries, overseas computing power, and other directions. 2. BOC International: Post-holiday A-shares may continue the upward bull market trend, focusing on the core themes of AI technology and resource energy security. 3. Industrial: Post-holiday, the effective reflection of US technology on global equities, focusing on optoelectronics, storage, and other directions. Upcoming Positive and Negative Outlook 1. Douye Beanbag to launch paid version, institutions suggest focusing on computing power + application mainline opportunities Type: Market discussion CICC: The launch of a paid Douye Beanbag has symbolic significance. Domestic large model manufacturers are entering the commercialization stage from the user scale-driven stage, reflecting active commercialization attempts of domestic large models in the C-end, with related computing power, applications, and other driving forces. 2. SpaceX Starship investment surpasses 15 billion US dollars, will launch the first batch of more powerful Starlink V3 satellites in the second half of the year Type: Institutional commentary Galaxy Securities: Commercial trials of satellite IoT will promote the extension of China's commercial aerospace industry chain from upstream manufacturing to downstream application terminals, indicating that the commercial satellite industry is about to enter a new stage of dual-direction effort with demand-side traction and supply-side support, with the industry ecosystem expected to take shape. 3. Green electricity demand continues to rise, China's first collaborative green electricity supply project with computing power put into operation Type: Market discussion Huachuang Securities: The explosion of demand for computing power and data centers brings about a further increase in demand for green electricity. Focus on three clues: companies that are expanding into data centers from their main electricity businesses, comprehensive energy management service providers with electricity network backgrounds, and green electricity direct power operators. Announcements Positive announcements 1. Guangdong Hec Technology Holding: Subsidiary signs framework agreement for computing power services procurement, expected total of 16 to 19 billion yuan. 2. Jiangxi Redboard Technology: Subsidiary successfully bids for 100% equity of Jiangxi Zhihao, facilitating rapid expansion of the company's PCB production capacity. 3. JHT Design Co.,Ltd.: Plans to issue convertible bonds to raise up to 8.5 billion yuan, to be used for semiconductor advanced equipment smart manufacturing and other projects. Negative announcements 1. Zhongman Petroleum And Natural Gas Group Corp.,Ltd.: Shareholder Zhu Fengxue plans to reduce his stake in the company by no more than 3%. 2. Chongqing Changan Automobile: Sales in April totaled 179,300 vehicles, a year-on-year decrease of 5.95%. 3. Wanbangde Pharmaceutical Holding Group: The company's stock trading may be subject to delisting risk warnings. Overseas Markets Markets have downplayed concerns of the Middle East returning to a major war, with all three major indexes closing higher. The Nasdaq and S&P 500 indexes reached new all-time highs. In terms of individual stocks, storage concept stocks continued to perform strongly, with Intel rising by over 12%, and SanDisk and Micron Technology rising by over 11%. The Nasdaq China Golden Dragon Index slightly rose, with Alibaba falling by 0.76%. This article is reprinted from "Tencent Stock Picks", GMTEight Editor: Xu Wenqiang.