Chapter 333 [Do a good job in market value management for listed companies in the galaxy system
Fang Hong's institutional account also holds Goertek, and he has been involved in the stock since early September last year. He also made two or three weekly-level T operations during the rising trend.
From the beginning of September last year to today's daily limit, the cumulative increase of this stock is nearly 2 times, and because Fang Hong has done several T operations, the current position return rate has reached +312%, significantly outperforming the increase of this stock.
Nowadays, various institutions are very optimistic about Goertek and are gathering together to conduct research. Because they have received orders from Xingyu Technology, this year's performance will definitely skyrocket.
Receiving orders from Xingyu Technology not only brings incremental growth, the most important thing is that the order profits from Xingyu Technology far exceed the level of its peers. Therefore, Goertek’s performance this year has a huge room for imagination, and the capital market is also willing to provide more
The high valuation is reflected in the stock price, which continues to rise sharply, and the chips are snatched up to the daily limit.
…
In the afternoon, I stayed in the villa quietly, in the office and study room on the second floor.
Tian Jiayi sat in a chair and reported Qin Feng's financial report: "The first generation of Xingyu Technology's products has been a great success. Judging from the sales data in the first week, it is expected to achieve a total sales volume of 16.5 million to 18 million units in 2010."
Based on the current booming sales, the company's expectations are not overestimated. Throughout this year, the S1 mobile phone has no competitors in the mainland market.
Of course, the premise is that production capacity allows.
Tian Jiayi continued: "According to Qin Feng's estimate, if calculated based on the year-end total sales volume of 18 million, the company's annual profit scale can reach 24.5 billion to 30 billion yuan, and the profit margin can reach about 35%."
Fang Hong nodded without saying a word.
Xingyu Technology is expected to generate revenue of more than 70 billion this year, with profits close to the expected 30 billion. Such high value-added profits are the real high-tech companies.
Tian Jiayi continued: "However, according to Qin Feng's material report, his plan is to invest 20 billion in profits into research and development this year, compressing the company's overall net profit scale to about 7 percentage points, or 6 billion.
about."
There is still a big gap between the technological foundation of Xingyu Technology and established technology manufacturers like Apple, and many of them need to catch up. Qin Feng obviously intends to take a path of domestic substitution and hopes to be fully autonomous in many key technology nodes.
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With the huge profits created by S1, Xingyu Technology has the confidence to invest in research and development and design of chips. The money earned is invested in large-scale research and development to enhance the company's core technology competitiveness. Fang Hong is very satisfied with this.
Not to mention that Qin Feng has reduced the company's net profit to 7 percentage points. Even if the net profit is negative 7 percentage points, Fang Hong will not object as long as the money is spent on technology research and development.
A negative net profit means that the company is still losing money after making so much money, but it doesn't matter. It can raise funds from the capital market when the time comes. Xingyu Technology's backdoor A-share listing is already on the schedule.
The company's first-generation products were a great success, but it is far from time to enjoy the fruits of victory. Once the United States gets stuck, the current good situation will soon be in vain.
Fortunately, the United States is not so nervous now. Although its attention to the big eastern country continues to increase, it is not yet treated as the first major competitor.
In the next five years, Xingyu Technology still has time to "grow".
Fang Hong thought for a while and said immediately: "It is right to take the road of domestic substitution. I fully support his strategy, but I also want to tell Qin Feng to keep a low profile. If you don't make a sound, you will be a blockbuster, and if you don't hammer it, it will be finalized!
"
If you are too high-profile, you may be sanctioned by the United States in advance.
After Tian Jiayi made a memorandum of matters, he said: "The Weibo subsidiary's backdoor listing and the restructuring of Dasheng shares have made breakthrough progress. Dasheng shares will resume trading tomorrow and Friday."
Fang Hong said: "I don't care what the capital institutions that get on the train do, but playing the role of market makers is their obligation to get on the train at a low level, to do a good job in market value management for listed companies in the galaxy, and to provide high-quality underlying assets in the future.
Their share of the market share is indispensable for the listing."
The so-called market maker, market value management, in other words, is a banker, or a nicer way of saying it is a shanzhuang or something like that.
To put it more bluntly, Fang Hong requires those institutions to stabilize the stock prices of listed companies in the galaxy. He does not care about the sudden rise and fall caused by short-term speculative fluctuations, but must correspond to the upward growth curve of the company, which means that if someone deliberately
The valuation that suppresses the listing success of Qunxing is that as friends and community of interests of Qunxing, they must contribute to the game and push up the valuation.
In the Big A market, funds are actually divided into different groups, such as this gang and that department.
Fang Hong also wants to create the concept of "clusters of galaxies" in the secondary market. It is necessary to manage the market value of his companies after they are listed. If not, the hostile party will suppress the company's stock price through the secondary market in the future.
Especially after five years, foreign capital can enter the A-share market.
Just like many high-quality state-owned listed companies, the P/E ratio is extremely low. On the contrary, the P/E ratio of private companies is very high. Although there are also many state-owned listed companies that are indeed not very good and should even be delisted.
However, there is indeed a force in the market that is suppressing the overall valuation of state-owned enterprises. For a long time, it has been planted in the minds of investors that state-owned enterprises should be given such a low valuation. As a result, state-owned assets cannot be revitalized, and foreign investors are bargain hunting.
Similarly, Fang Hong also considered that Stars Capital may face a similar potential situation in the future, and certainly cannot let people suppress the asset prices of Stars Capital. Then it is necessary to unite a group of institutions to form strategic partners to make markets. This is also a way to share the cake.
The reason for giving it to them, otherwise why would you give them something that is 100% guaranteed to win? There is no free benefit in the world.
…
At around 8 o'clock in the evening, Dasheng Shares issued a series of announcements, which quickly pushed the stock's popularity to the top of the list. Investors also gathered to watch, especially those who held the stock.
Clicking on the stock of Dasheng Shares, shareholders saw that the company issued nine major announcements today, such as "Instructions on Major Asset Replacements and Issuance of Shares to Purchase Assets and Raise Supporting Funds and Related Transaction Plans", "Major Asset Replacements
and issuance of shares to purchase assets and raise supporting funds and related-party transaction plan (revised draft)", "Indicative Announcement on the Resumption of Trading of the Company's Stocks", etc.
Among them, what investors are most concerned about is the content of Dasheng's stock resumption announcement, especially retail investors who hold the stock.
According to the Shenzhen Stock Exchange’s “Decision on Approving the Resumption of Listing of Dasheng Culture Co., Ltd.’s Stocks”, Dasheng shares will resume listing and trading from April 9, 2010. On the first trading day of the resumption of listing (April 9, 2010),
There is no price limit for stock trading in Company A. From the next trading day after the first day of listing resumption, the price limit for stock trading will be 10%.
The holders were extremely excited. They did not expect that there would be no price limit on the first trading day when trading was resumed, which meant that there was no need to count boards and the benefits of the restructuring could be cashed out within the day.
It is worth mentioning that for listed companies that have undergone backdoor listing and reorganization, on the first trading day when trading is resumed after suspension, some have price limits, and some have no price limits. These two situations mainly depend on the specific approval at the regulatory level.
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Different from Dongbai Supermarket's previous story about the concept of reorganization, which was pure deception, according to today's announcement, Dasheng Co., Ltd. has announced that the reorganization has been successful, and the pheasant has turned into a phoenix.
However, the backdoor listing of Weibo's subsidiary is not so fast. After the resumption of trading tomorrow, the securities abbreviation of Dasheng Shares will still be the original name, and it has not officially changed its name. After the backdoor listing is fully completed, the name of Dasheng Shares will definitely be changed.
dropped.
That night, the comment area of Dasheng Shares' stock bar was very lively. The short-term investors were extremely envious. The holders were also so excited that they couldn't sleep all night. The lottery will be drawn tomorrow!
Shareholders are also discussing how much Dasheng shares will rise tomorrow when the market opens.
After one night, the time came to Friday, April 9, and the last trading day of the week arrived as scheduled.
Retail investors holding Dasheng shares had already turned on their computers early before the market opened, switched to the time-sharing market for this stock, and patiently waited for today's opening.
