Lu Ming did not say the result, because everyone here knew what the result was. The topic ended here and moved to the main topic:
"So to achieve industrial transformation and upgrading, excess financial capital will definitely be used. Here we need to compare the two major capital markets of Big A and North America. The U.S. stock market is completely detached from reality and is moving towards a virtual economy. North American local industries are hollow and factories are empty.
They are all over the world. He is a major shareholder and a big boss, engaged in finance and Internet high technology. Companies from all over the world are listed in the United States, so the fundamentals of these companies are reflected in the U.S. stock market."
"Wall Street continues to absorb funds from all over the world and bring them into the stock market, and the industry divides labor and makes money around the world. Therefore, the U.S. stock market has been growing since the global financial tsunami in 2008 and will continue to do so. At least it will not collapse in the next five years unless
The world pattern is ushering in a major change, and the entire world pattern is ushering in a disruptive change."
"So what about the domestic capital market? The country must serve the real economy. The old American financial establishment divided the real economy around the world, but our country's physical manufacturing cannot be lost. We cannot afford to support more than one billion bosses who do not work. Physical manufacturing is our responsibility.
The foundation of one’s life.”
"Based on these factors, there will be a consequence. We need to transform and upgrade. To put it bluntly, it is technological innovation. One of its connotations is to use excess financial capital to drive technological innovation. At this time, technological innovation is at its peak.
Do the companies in this track represent the transformation and upgrading of domestic industries?"
Everyone present nodded secretly and listened carefully.
Lu Ming said: "To drive economic transformation and upgrading, there must be a corresponding inclination of resources? Once the resource inclination is driven, market funds will continue to flow into these leading companies because they shoulder the mission of industrial transformation and upgrading.
.”
"Then the so-called leading companies that are not among them will be abandoned by the market, so there will be a phenomenon of bullishness and bearishness. So my prediction is that the capital market will permeate the 28th phenomenon in the future. If the targets of those 80% of companies are chosen, they will definitely
You will lose everything."
Makes sense!
Li Mingyang and others nodded silently again.
After Lu Ming said this, he put the microphone on the conference table, opened a bottle of mineral water and drank half of it. After a while, he picked up the microphone again and said to the participants:
"Having said so much, to put it bluntly, it is how to make this money. There are only three ways to make money in the capital market. The first is to make money from monetary easing. As soon as monetary easing is introduced, valuations will be pushed up, and asset prices will rise; the second is to make money;
It is to make money from another group of investors, that is, your opponent engages in a zero-sum game, commonly known as cutting leeks, which is speculation; the third way is to make money for enterprise development, grow together with outstanding enterprises and share dividends, the so-called value investment.
"
"I, Tiansheng Capital, can make money from these three types. Don't the outside world say that I am an extreme speculator?" Lu Ming smiled and continued: "But the focus of what I want to talk about today is the third way to make money for business development, which is
Let’s talk about a few key investment tracks, which are also investment tracks that I am very optimistic about.”
As soon as these words came out, Li Mingyang and the other two dozen fund managers present were all alert and their ears perked up.
Lu Ming said methodically: "First of all, there are tracks that are in line with the general trend, photovoltaics, new energy vehicles, and semiconductors. There is no doubt that this is the general trend. Even if companies like Longji, Beifang Huachuang, and BYD do not make money,
Take new energy vehicles as an example. They were speculated ten years ago. The reason for the speculation is their endless imagination. In the future, the cars may even be given to you. As a consumer, you buy my software and consume it on the car. When mobile terminals come,
make money."
"Since the fourth quarter of last year, we have been conducting large-scale in-depth research in these major industries. There are piles of research reports and we are still investigating, including listed companies and non-listed companies, etc."
"No matter how inferior domestic semiconductors are to foreign countries, the fundamental logic is that they are the core of high technology. A big country cannot live without high technology, and high technology cannot live without semiconductors. I don't want to elaborate on the logic. Specifically, I will focus on listed semiconductor companies.
Ziya Guowei, Changdian Technology, Beifanghua Chuang, and Shengyi Technology, the others are either not good or cannot bear the scale of our funds, and the market is not big enough to run away."
After hearing the last sentence, the conference room finally ushered in a burst of laughter. BOSS’s words should not be too true.
At this time, Lu Ming looked at the people in the company's PE and VC investment research departments headed by Ge Feng and said: "Among the unlisted companies, focus on Zhuoshengwei, Weil, Shengbang, Star Semiconductor, and Mega.
Yi Chuangxin, Huiding Technology, Shennan Circuit, Silicon Protection Industry, these are the companies that I, Tiansheng Capital, want to get on board with and are strong in. This time the company went public and raised 45 billion in funds, focusing on investing in the primary market.
"
At this moment, a person from the investment research department who was present at the meeting said, "Mr. Lu, where is Zhongxin International?"
Hearing this, Lu Mingxun glanced at him: "We are brothers who want to make money!"
A second burst of laughter suddenly came from the conference hall, and Lu Ming smiled and added: "Please note that I am optimistic about this industry because I am optimistic about its money-making effect, but it does not mean that I am optimistic that this industry will catch up with the Premier League and the United States in the short term. This
This is an industry with a market-to-dream ratio. What is a market-to-dream ratio? To generate electricity for dreams and love, let others do this. We can make money and leave, leaving a bottom position at most."
The PE of semiconductors is often three to four hundred times, which is the market-to-market ratio. The capital market gives such a high valuation, in the final analysis, it is irreplaceable and indispensable to a big country.
But it is really difficult to catch up with the Premier League and the United States, too difficult!
If the United States gets stuck, then it will not be a matter of the semiconductor industry, but the transformation and upgrading of the entire high-tech industry will face the crisis of shock.
On this point, semiconductors must be developed no matter how difficult it is, and no matter how high the market success rate is, they must be given.
The atmosphere in the room also became lively, but everyone admired BOSS from the bottom of their hearts at this moment. He didn't have any manuscripts in the whole process, but he could casually name all the companies in an industry, companies that have been listed,
There are no listed companies.
It's obvious that hard work has been put into it. Has BOSS read all those research reports?
this……
For a moment, everyone couldn't help but feel awe in their hearts.
No wonder BOSS is so strong in the capital market. The hard work and hard work behind it can now be seen clearly.
Lu Ming has indeed put in a lot of hard work, but it is basically the result of accumulation in the previous life. Naturally, he also reads the research reports of the Investment Research Department, but they only focus on the key points. The accumulation in the previous life has allowed him to exclude and filter them out.
This saves a lot of time and cost in sifting through many junk companies. The main purpose is to see if the fundamentals of those truly high-quality companies in memory have reversed in this life.
…
(Added update [3/5] to thank the leader of the "Boundless Sea of Learning and Boundless Sea of Books"... Well, all the saved manuscripts have been squeezed out, and not a drop is left. Without the saved manuscripts, Wo Ri will be in trouble, and it will be difficult...
