Fuel cell sector continues to rise. Lithium battery industry valuation has advantages

On January 14, 19, the valuation of lithium battery and ChiNext was 24.94 times and 29.24 times respectively. The valuation of the sector and some stocks has certain advantages, and the industry's development prospects are combined to maintain the industry's “synchronized market” rating. At present, the main factor affecting the sector is the uncertainty of the extent of the subsidy policy in 2019, and the short-term attention to policy progress. In the medium and long term, combined with policy orientation, price and competition pattern in the segment, it is recommended to focus on upstream key parts of lithium battery and investment opportunities in lithium battery.