Lu Ming has finished talking about wine, but the major consumer category is not just liquor, but liquor is the king of major consumer categories. There is no way, the market recognizes it, and the logic is very strong.
"There is an important category of condiments among consumer necessities. I only look at one target, Haitian Weiye!" Lu Ming looked around the audience and said: "Haitian Weiye has basically not increased much this year and is in a long-term consolidation state.
Should I hold this bottle of soy sauce? It is enough to understand one question: Do our billions of people want to eat soy sauce?"
The answer to this question is obvious.
Lu Ming: "In the consumer category, another key industry is medicine and medical care. In the pharmaceutical field, we should pay special attention to targets such as Hengrui Pharmaceuticals, which has a current market value of 90 billion, and Pien Tsai Huang, which is worth 35 billion. Especially Pien Tsai Huang, which is almost
One hundred yuan a pill, everyone, is a luxury pharmaceutical product in the world; listed companies in the medical field should focus on Aier Ophthalmology, whose current market value should be around 32 billion."
"Companies like Aier Ophthalmology have endless room for imagination in the future. Why? The logic is very simple. The mobile Internet trend is coming fiercely. This is an unstoppable trend. Then it will have a consequence. How often will teenagers use mobile phones in the future?
It will get higher and higher, and the resulting myopia rate will get higher and higher, so the future opportunities for companies like Aier Eyes are not insignificant!"
"There is also Tongce Medical. The dental industry is hugely profitable. I won't go into details. There is also an unlisted company, Marui Medical. This is a leading company that is expected to become a medical device manufacturer. Tiansheng Capital must be in the primary market.
Participate in the investment in this company. There is also Anshi shares, so there is no need to say more about this company."
There is really no need to talk about Anshi Group. This is the company that Tiansheng Capital has analyzed and studied the most. Last year’s “Antian War” is still fresh in our minds. Everyone has not forgotten that it was Bo SS who forcibly subverted the underlying logic of this company.
, suddenly became the current leader of white horse stocks. Bo SS once said in an internal seminar that he saw the valuation of Anshi shares at least 1.8 trillion, and the current market value has just reached 1 trillion.
This internal investment and research exchange meeting lasted for nearly three hours before it ended. Lu Ming conducted deconstructive analysis and discussions in semiconductor, photovoltaic, new energy, medicine, medical, liquor, food processing and other industries.
Li Mingyang and others did not know that the corporate targets mentioned by Lu Ming at the meeting would become the most valuable core asset targets of Big A in the near future. The fundamentals of these companies are reflected in the capital market. In a sense, that is
Part of the fundamentals of this country's economic transformation and upgrading are reflected in the capital market.
The current total market value of companies such as Pien Tsai Huang and Aier Ophthalmology is only more than 30 billion. Five years later, they will grow to more than 200 billion or more than 400 billion.
Companies such as the unlisted Ningde Times will grow to a market value of more than 700 billion in five years, as well as BYD, etc. The votes that Lu Ming named at the meeting were basically more than ten times the number in five years.
A ten-fold increase is not a ten-fold increase in small-cap stocks, but a hundred-billion-dollar leading white horse stock.
Regardless of whether these companies are listed or unlisted, Lu Ming has to participate, and those who are not provided must be forced to participate. Only children can make choices, and adults of course want them all.
If you want to acquire all these core high-quality assets that represent China's future, you have to invest them all. Tiansheng Capital's current liquidity is simply not enough.
Even if there is sufficient liquidity, this cannot be done as it will cause public outrage and is not in line with Tiansheng Capital’s positioning.
Tiansheng Capital is positioned as an asset management institution. It helps others with asset management and charges management fees. Helping LPs manage money seems to be a super wage earner who helps others make money.
But if you think so, you are obviously wrong. BlackRock, the world's largest asset management institution, has a market value of only US$100 billion, but its assets under management now exceed US$6 trillion. It is conceivable that
How powerful is a CEO of the BlackRock Group who can control US$6 trillion?
From the moment a 100 million yuan fund is handed over to Tiansheng Capital for management, it means that the control rights of the 5 billion yuan in the next 15 years will be completely owned by Tiansheng Capital.
Lu Ming has almost absolute power over how to spend this money and where to use it.
At present, more than 300 billion yuan of assets under Tiansheng Capital are not owned by Tiansheng Capital, but by major LPs. However, the major LPs will not have the right to control this 300 billion yuan of wealth for a long time in the future.
The control power is in the hands of Tiansheng Capital, and Lu Ming has absolute control over Tiansheng Capital.
This is called not owned by me but all owned by me. When the closed period comes in the future, it will not be a big problem for LP to redeem it, because when someone redeems it, new funds will be invested, and the capital pool of Tiansheng Capital will only be
The reason is that when the scale of funds is too large, LPs actually don’t know where to put their money safely.
In the end, I will hand it over to Tiansheng Capital for continued management, so that my wealth will continue to increase in value, and it will be safe and secure to hand it over to a professional asset manager to take care of it.
Tiansheng Capital currently manages a total of more than 500 billion yuan, which means that Lu Ming's current influence means that when he enters an industry, he can cause a major earthquake in the industry and even reshuffle the industry.
As the size of his assets expands, so will his influence.
…
The next day.
Lu Ming came to the company. On his desk was a copy of the company's financial information report, which An Yirou had just sent over not long ago.
This is what was explained yesterday.
A rough look at the materials shows that Tiansheng Capital’s current book cash flow is about 75 billion, of which 35 billion is its own cash flow, which is the money belonging to Tiansheng Capital, and the remaining part belongs to the LPs.
There is no doubt that this is an astronomical amount of money, and few companies across the country can have such abundant liquidity.
What can you do with so much money?
Although you can't just do whatever you want, you can basically do whatever you want.
However, Lu Ming was still dissatisfied. The amount of funds was still too small, which was far from the amount of funds he wanted to deploy.
What Lu Ming wants to lay out is to strive to cover all the core rising assets in the domestic capital market. Those core high-quality asset targets must have a bottom position of about 5%. These 5% positions must be held for more than 30 years.
It will be easily thrown out, but it cannot be thrown away. When the time comes, the total assets of hundreds of billions or trillions will be liquidated, and Lu Ming does not know how to find a place for the money.
For high-quality asset targets such as "Haitian An's Mao Wulu", Lu Ming will not consider withdrawing from these companies in the next 20 to 30 years.
However, the current situation is that we currently have control over 75 billion in liquidity. This is certainly not a small sum, but it is not enough. It is far from enough if there is no liquidity of more than 200 billion.
Now that IPOs are accelerating, non-listed companies such as Ningde Times, Marian Medical, GigaDevice, etc. will successively land in Big A in the next two to three years. They are all good companies.
And at this time point, even listed companies, such as Haitian Weiye, Pien Tsai Huang, Hengrui Medicine, Maoti, Wuliangye and other core assets are now at low prices.
The current stock price of Maoti is more than 240 yuan, and five years later it is more than 2,700 yuan, which is nearly ten times. After restoration, it is 13 times; Wu Liangye is 15 times.
The return on investment is quite amazing.
The most important thing is that the underlying assets of these assets have large weights, ranging from tens of millions to trillions or even trillions.
Those monster stocks that have doubled more than 20 times a year seem to have amazing returns, but they cannot be put on the table to be reasonable. Really large institutions will basically not even look at them.
The reason is also very simple. The plate is too small. The absolute number of 20 times of investing 500 million is 10 billion, while the absolute number of 5 times of 10 billion is 50 billion, which is 40 billion more.
It is absolutely impossible for those monster stocks to carry such a huge scale of funds, but Maoti can, Wuliangye can, An's shares can, Hengrui Pharmaceuticals, Ningde Times can, and Tiansheng Holdings can!
No matter how the stock goes up, it will eventually come down, but if a core asset like Maoti rises from 240 yuan to 2400 yuan and then tries to fall back to 240 yuan, it is a fool's dream. Unless Big A is finished, what's the point?
"We have to let investors invest money quickly!" Lu Ming said to himself, already making a decision in his heart.
Lu Ming is also very anxious now. These core assets have risen no matter how hard they fall, they will never return to where they are today.
In fact, the real floor price was when the market crashed last year, and Maoti was actually hit to a price of more than 160 yuan. However, it is still not too late, but in Moji, daylilies have become cold in a year or two.
Under the current situation, Maoti is about to break through last year's high of 290 yuan and hit a new high.
Now we have to quickly get money from LPs, and then buy these core assets without thinking. From now on, Tiansheng Capital will just sit back and collect management fees, which will be an astronomical sum. What does it mean to win by lying down?
This is lying down to win!
…
(Ps: An additional update to thank the leader of "The Sea of Learning is Boundless and the Sea of Books is Boundless"... The debt of the first leader was finally paid off. He kicked it away in excitement. Who should pay it back to the next leader first?
