Chapter 1705 [Valuation of Aerospace Power Energy Company? Immeasurable!]
Meditation Villa.
Tian Jiayi came back from the company and brought back a meeting minutes document. He was reporting to Fang Hong at the moment: "Today, the SGX is studying and discussing with the core management of Qunxing Group whether it is possible for the 'Aerospace Power Energy Company' to be listed."
sex."
Hearing this, Fang Hong said directly: "It's too early. There is no need to discuss this issue at the moment. The SGX market can only accommodate listed companies with a size of 20 trillion. By 30 trillion, it will basically be ready."
It’s the limit, and the size of ‘Aerospace Power and Energy Company’ is well over 30 trillion, and the current SGX simply can’t handle it.”
Fang Hong added: "Not to mention that the SGX cannot take it now, and the construction of the space photovoltaic power station has not officially started yet. This is too aggressive. There is a difference between being bold and going to extremes."
After thinking about it, Fang Hong directly concluded: "There is no need to consider the listing of this company within thirty years. It is inappropriate to give a high valuation, and it is even more inappropriate to give a low valuation. Besides, this is not the case with Jiuzhou Blue Arrow
It has already been listed. This company holds 33% of the equity of 'Aerospace Power Energy Company'. If the market wants to gamble, go to Kyushu Blue Arrow to play first."
Hearing this, Tian Jiayi lowered his eyebrows and thought for a while, and couldn't help but said: "In this way, although the market value of Jiuzhou Blue Arrow was surpassed by Xingyu Automobile today, it will still overtake it in the next thirty years and will remain stable for a long time.
It ranks first in the SGX market in terms of market capitalization.”
Fang Hong nodded: "Inevitable, and it won't take long."
In fact, in the early years, when Xingyu Technology historically exceeded 10 trillion in market capitalization, there was a hot topic of discussion, which company hoped to surpass Xingyu Technology in the future, or whether no one would
Can it challenge its position as the top market value company?
At that time, the investment community generally believed that the potential of matrix quantum was huge.
Although Matrix Quantum's market value at that time was less than 5 trillion, and it was more than a whole step behind Xingyu Technology, they all believed that if there was a company that could surpass Xingyu Technology's market value, then only Matrix Quantum had the best chance to challenge it.
.
Of course, this topic has no meaning to discuss now, because no one expected that before that day came, the first thing that waited was that "Big and Little Kings" would be split into nine subsidiaries.
However, at that time, in addition to Matrix Quantum, a powerful candidate was added soon after, and that was Kyushu Blue Arrow.
At that time, the market value of Jiuzhou Blue Arrow had just passed the 500 billion threshold, which was an order of magnitude different from that of Xingyu Technology at that time, a gap of 20 times in market value.
The biggest reason for being able to become a candidate to surpass Xingyu Technology is that at that time, the "Zhuri Project" officially announced the launch of the "Space Photovoltaic Power Station" project. Jiuzhou Blue Arrow, which holds 33% of the equity of Sky Power Energy Company, therefore has endless potential.
imagination space.
As long as the "space light power station" is successfully completed and put into operation, it means that the energy at the disposal of human civilization will directly increase exponentially by hundreds of times.
If we only operate on the earth and maintain the current level of energy consumption, the energy collected by just one "space light power station" can supply inexhaustible supplies for more than 8 billion people on the earth, and it will not even consume space light.
A quarter of the energy collected by the power station.
But there is no doubt that when the "space photovoltaic power station" is put into operation, humankind's demand for energy will also increase exponentially, because space activities will be more frequent than ever, and its energy consumption will be unprecedented and exponential.
Multiply.
The "orbital reef space station" permanently operating in the earth's orbit is constantly expanding like building blocks, the construction of lunar bases, the lunar orbit star port project, super space ships and even the more distant "Earth-Moon Lagrange Point"
"Galaxy City" construction plan.
This series of short-term, mid-term, long-term, and ultra-long-term space strategic planning projects are all energy-consuming monsters.
From this point of view, in the future, just one "space photovoltaic power station" energy supply will definitely not be enough to meet human energy consumption needs. A second or even a third one will have to be built later...
But at this moment, Tian Jiayi turned his head and looked at Fang Hong: "Will Jiuzhou Blue Arrow also be split up and reorganized in the future?"
Fang Hong said with a smile: "Whether to spin off or not depends on the impact on SGX, and then the future development of SGX. A further look is the capital market game with Lao Magnesium. The weakening of Lao Magnesium's financial system
The faster it is, the faster the SGX market will grow and be able to take on a larger size, so there is no need to split up Jiuzhou Blue Arrow."
The reason for the spin-off and reorganization of Xingyu Technology and Matrix Quantum is that these two companies are developing too fast and cannot keep up with the growth of the SGX market.
It is not appropriate to suppress the rise, which is tantamount to having the best core assets being copied at the bottom by foreign investors, but if you do not suppress them and let them rise, one will go for a market value of 30 trillion, and the other will go for a market value of 20 trillion.
The two giants are rushing to achieve a market value of 50 trillion. The current SGX is really unable to handle it and is very struggling, so it has to be split into nine companies to operate independently.
Obviously, there is no way to compromise.
In this way, even if these nine companies all reach the 10 trillion level, the overall market value of the SGX market will not be affected by any one of them.
And it is precisely because "Big and Little Kings" was split into nine subsidiaries that it opened up space for Jiuzhou Blue Arrow. Even if it were to grow to 20 trillion or even 30 trillion in size, the SGX would be able to absorb it.
live.
After all, if Jiuzhou Blue Arrow really grows to a size of 30 trillion, the SGX market will not be able to stand still.
With the subsequent listing of several spin-off companies, the SGX Trillion Market Capitalization Club will exceed 33 companies. That is, there will be 33 stocks among the 50 constituent stocks in the SGX 50 Index with a market capitalization of trillions.
existence of levels.
In a few years, it will be hard to call yourself a super large-cap stock if the market capitalization is less than RMB 1 trillion. A company with a market capitalization of RMB 1 trillion can only become the gatekeeper of the constituent stocks of the NSE 50 Index and the threshold for inclusion in the constituent stocks. This is an inevitable fact.
, it’s just a matter of time.
"The current valuation of aerospace power energy in the investment community is generally believed to be 30 trillion. Do you think this number is reasonable?" Tian Jiayi discussed this topic curiously.
When Fang Hong heard this, he said calmly: "There is no practical significance in valuing this company now, because it is immeasurable. Either don't estimate it or start with 50 trillion to 100 trillion. The true meaning of human civilization will reach the earth."
The role and significance of the 'space light energy power station' in the expansion of the vaster universe and deep space beyond is self-evident."
Having said this, Fang Hong glanced at the beautiful assistant and smiled and said: "How much do you think it is worth to expand the boundaries of human civilization from the small earth to the entire solar system? How to value it? I can't estimate it either.
, and no one can estimate it, so it doesn’t make much sense to talk about it now. Let’s talk about it thirty years later.”
