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Some people enjoyed profits for a long time, only to give them all back in a single loss. Others, after enduring losses for an extended period, managed to earn everything back in one stroke. In the current market, many individual stocks are telling the story of the latter group.
On November 10, major indices closed higher after fluctuating, driven by favorable policy bottom news and a rally in overseas tech stocks. Many people may still wonder — has the market bottom actually arrived? For some, this may no longer be the focus, because as sentiment gradually warms up, the opportunity to be "greedy" on individual stocks has already arrived.
Stocks such as Zhejiang Fulai New Material Co., Ltd. (SHA: 605488), Xiangyang Bearing Co., Ltd. (SHA: 000678), Chongqing Lummy Pharmaceutical Co., Ltd. (SHA: 300006), Mango Excellent Media Co., Ltd. (SHE: 300413), and Bingshan Cold Thermal Technology Co., Ltd. (SHE: 000530) are all experiencing short-term doubling rallies. Will the next one emerge? And who will it be?
Learning from Doubling Stocks Like Fulai New Material and Delian Group to Identify Launch Points of Big Winners
There is a pattern in the market — "extreme low volume signals extreme low price." When trading volume shrinks to an extreme and prices fall to a certain low, there is a possibility that "the decline is nearing its end and a reversal may be coming." On November 9, trading volume contracted to a relatively low level of 1.49 trillion yuan. Some say this could be a signal of an impending trend change.
Objectively speaking, extreme low volume and low price are one of the characteristics of a bottom area, but they are not an absolute standard for measuring whether a rebound is imminent. Multi-angle comparative observation is still needed. But overall, the market is now much better than before, with considerably more opportunities.
The November 10 session opened high and moved lower, but saw strong pullbacks during intraday trading. Behind this were multiple favorable factors, such as overnight rallies in US tech stocks, with the Nasdaq recovering, and significant gains in Advanced Micro Devices, Inc. (NASDAQ: AMD), Western Digital Corporation (NASDAQ: WDC), and Corning Incorporated (NYSE: GLW), which boosted sentiment in the A-share market.
The excess opportunities in A-shares are not obvious from the index level alone, but look different when broken down. Some funds are no longer waiting for the index to confirm a reversal and are increasing their positions in individual stocks.
The current individual stock market has two relatively obvious styles. One is oversold rebound, such as Biaobang Co., Ltd. (SHE: 301181) and Eastern Communications Co., Ltd. (SHA: 600776), where these stocks break through at low levels and continue to counterattack. The other is right-side breakout trends, where funds relay to push prices higher. There are many such stocks, and some have even achieved doubling rallies.
The author has reviewed some of the recent doubling stocks (including but not limited to), such as Zhejiang Fulai New Material Co., Ltd. (SHA: 605488), Xiangyang Bearing Co., Ltd. (SHA: 000678), and Hua Shi Technology Co., Ltd. (SHE: 301218), all of which have met this standard (see attached table).
A closer look at this list reveals some commonalities behind their doubling rallies — small to medium market capitalization plus concept support plus launch after an oversold decline. The main lines or concepts involved include humanoid robots (such as Zhejiang Fulai New Material Co., Ltd. and Shangwei New Material Co., Ltd. (SHA: 688585)), AI applications (Shanghai Film Co., Ltd. (SHA: 601595) and Mango Excellent Media Co., Ltd. (SHE: 300413)), and hard tech industry chains (such as Bingshan Cold Thermal Technology Co., Ltd. and Kesen Technology Co., Ltd. (SHA: 603626)).
During the 17 trading days from October 19 to November 10, Zhejiang Fulai New Material Co., Ltd. shares surged 123.74%. On November 10, just 2 minutes after the opening, it was pushed to the daily limit by a large order worth over 100 million yuan, hitting a new high (see Figure 1).
The continued accumulation of funds may be related to the company's positioning in the humanoid robot sector, with its business involving electronic skin for humanoid robots, namely flexible sensors. Delian Group Co., Ltd. (SHE: 300473) has a longer rebound cycle, with its stock price establishing an inflection point since late August and having risen 120% cumulatively so far, confirming a right-side breakout (see Figure 2). Delian Group Co., Ltd.'s business involves solid-state batteries, with downstream applications including humanoid robots.
AI Themes Branching Out in Multiple Directions: The Opportunity Behind Shanghai Film's Doubling Stock Price
Although the AI hardware main line faces significant divergence, the AI theme's rally has not "gone out." Two directions of opportunities are growing larger — physical AI represented by humanoid robots, and AI applications represented by AI short dramas and film and television.
The doubling stock price trends of Zhejiang Fulai New Material Co., Ltd., Shanghai Film Co., Ltd., and Mango Excellent Media Co., Ltd. in the attached table have already mapped out the sector's heat. Then comes a question many people care about — can they continue?
From stock price performance, some stocks have already shown short-term overextension, but from industry drivers and fundamental logic, there still seem to be many opportunities to explore.
Humanoid robots have seen many favorable developments recently on both the policy and industry fronts. For example, Unitree Robotics recently released the humanoid robot "H2-X" with approximately 8 hours of standing endurance. Overseas, Tesla, Inc. (NASDAQ: TSLA) stated it has started early mass production of its humanoid robot Optimus, with deliveries to external customers expected to begin around the end of 2027.
Beyond humanoid robots, AI short dramas are a theme in the AI sector that possesses both alpha and beta characteristics. For this sector, the market previously treated it more as concept speculation, but with the continued rise of sector and leading stock prices, favorable policy support, and the growing popularity of related AI short dramas, market attention to this sector has further increased.
Chinese Online Digital Publishing Group Co., Ltd. (SHE: 300364) and Guomai Culture & Media Co., Ltd. (SHE: 301052) etc. are examples of IP copyright and content sources. Mango Excellent Media Co., Ltd. (SHE: 300413) is an example in platform and distribution channels. Shanghai Film Co., Ltd. (SHA: 601595) is an example in content production and AI tools.
AI short dramas represent a typical incremental sector, but "the industry making money" and "companies making money" are two different things. Midstream producers, IP holders, and platform operators are seeing profits redistributed under the dynamic of "input versus output."
From the main directions, the following areas are showing new opportunities, such as IP copyright and content sources (represented by companies like Chinese Online Digital Publishing Group Co., Ltd. (SHE: 300364) and Guomai Culture & Media Co., Ltd. (SHE: 301052)); platforms and distribution channels (such as Mango Excellent Media Co., Ltd. (SHE: 300413)); and content production and AI tools (such as Shanghai Film Co., Ltd. (SHA: 601595)).
In the market, although some AI sectors continue to rotate and rise repeatedly, some people are still concerned about how upcoming "uncertainty" factors might affect the AI rally.
Recent data showed that US nonfarm payrolls for October, seasonally adjusted, increased by 165,000 (see Figure 3), and the October unemployment rate fell to 4.1%. After the data was released, traders increased their bets on a Federal Reserve rate hike in December. Market expectations for the Fed's next rate hike are increasing, but confirmation is still needed from October CPI and PPI data, which will be released respectively on the evening of November 10 and the evening of November 13, Beijing time.
Regarding the long-term opportunities for tech stocks in the future, some leading institutions hold optimistic views. CITIC Securities Co., Ltd. (SHA: 600030) stated that although factors such as controversy over AI investment returns, high interest rates and financing environment, and trading crowding are suppressing tech stock valuations, the ChiNext valuation has already returned to the low levels seen during previous Fed rate hike cycles in 2017-2018 and 2023-2024.
If events such as a reversal in rate hike expectations in 2027, declining financing costs, breakthroughs in model capabilities, and the next round of ARR driven by new applications occur, the A-share technology sector will have enormous recovery elasticity.
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