On Saturday, Tiansheng Capital issued the strongest placard announcement in the history of Big A, shocking the entire capital market.
On the surface, it seems that Tiansheng Capital wants to confront the management. After the market closed on Friday, the regulators also denounced the speculative behavior. Is Tiansheng Capital going to do such a big job over the weekend?
Actively listing 150 stocks at the same time is an unprecedented and rare phenomenon in the domestic capital market and has never been done before.
Everyone also discovered that Tiansheng Capital’s high-profile placard-raising behavior did not reach the mandatory triggering of the placard-raising mechanism. Except for Yili shares, most of them were just close to 5% but fell short.
Investors call them "good guys". The news revealed this weekend is a bit exciting and definitely beyond expectations. Tiansheng Capital actually secretly bought about 100 billion in the secondary market in June.
Various analyzes and interpretations are emerging one after another, and investors are also constantly discussing various analyses.
"It's so cool. Tiansheng swept away more than 100 billion yuan. It turns out that Nima Yili's shares are just an appetizer?"
"It's because I'm too small...[hug face.jpg]"
"I built 150 stocks in the secondary market. They are basically all blue chips, including banking stocks, insurance stocks, liquor stocks, consumer stocks, technology stocks...all the mainstream sectors that I can think of are included. I believe this is to create a 'day'
Sheng 150 Index'?"
“Strongly Dongcai compiles a ‘Tiansheng 150’ index based on the information released by Tiansheng for tracking!”
“Blue Chip Takes Off Tomorrow!”
"Brother No. 1: I have finished building a position, come and carry the sedan chair, leeks!... [manual funny]"
"Tracking the Tiansheng 150 index is a bit interesting, but it is a bit inappropriate. After all, it is not a real index. Who knows when Tiansheng Capital will reduce its holdings and run away? Didn't you see that it is not more than 5%? It feels really bad!"
"Probably not. Didn't the announcement say that we don't rule out the possibility of continuing to increase our holdings in the future? Don't forget that Brother Yi just bought more than 100 billion, and Tiansheng should have more than 200 billion left.
Where is the field?"
"Yes, with such a large and exaggerated amount of capital, there seems to be no other place to go except blue chips. You can't speculate in junk stocks. It's obviously impossible for such a large amount of capital to be OK with a small amount of capital."
"The question is, are the 150 first- and second-tier blue chips selected by Tiansheng really good? For example, why choose Zhaoshang, Ningbo and Ping An when there are so many banks?"
"Okay, the concept of raising a flag is GG. It seems that the "Battle of Tianyi" that everyone is looking forward to will not appear. Judging from the announced Tiansheng 150, there is really no intention to continue to increase the holdings of Yili shares, at least
This kind of thing won't happen in the next three months, and Yili will run away after it resumes trading."
"There is a fundamental difference between Tiansheng's wave of promotions and insurance capital promotions. Tiansheng is obviously going to take the route of long-term strategic value investment and disperse it into a portfolio matrix of 150 varieties. It is obvious that Tiansheng does not want to concentrate its efforts on malicious
What it means to acquire a company.”
"I think these 150 stocks announced by Tiansheng can be studied carefully. They are a very important reference template. After all, these are the targets of the largest private equity asset management institutions in China. If Tiansheng dares to buy them, they must have professional experience.
Research and analysis will ultimately lead to the decision to place a bet.”
…
Among the 150 stocks Tiansheng bought, investors in some of them were quite excited when they saw the news over the weekend. It turned out that Tiansheng, an institution, had a heavy position. This was obviously a real piece of good news.
After the brand became famous, other investors or institutions in the market also conducted special research and investigation on Tiansheng 150. What everyone is most interested in is why Tiansheng Capital chose them!
weekend.
At a domestic investment institution, a group of analysts from the investment research department of the institution were discussing in the conference room.
"I have studied the 150 varieties announced by Tiansheng Capital all night. Frankly speaking, I can't understand most of them. What is the core logic of Lu Ming's selection of them." As he said this, the analyst in his thirties immediately became energetic.
He cheered up and said quite excitedly: "But it's not like I gained nothing. I think I understand his logic in choosing the banking sector."
"When you say that, I'm also curious. Bank stocks are the ballast of the A-share market. Why did Lu Ming choose Ping, Ning, and Zhao from so many banks?"
The previous analyst immediately looked around at his colleagues and said: "Last night I carefully compared the data of all domestic banks and found that these three banks have the lowest non-performing loan ratio. Among them, Ningbo Bank has the lowest, only 0.76, and the non-performing assets ratio is the lowest.
The provision coverage ratio is also among the best. Among them, Ningbo Bank has a provision ratio of more than 500%. After some careful research and comparison, I came to the conclusion that there are so many domestic bank stocks, except Ping, Zhao and Ning.
There is nothing else to do, no wonder Lu Ming only allocates these three bank stocks."
It is not difficult to understand that Ningbo Bank’s non-performing loan ratio is 0.76, which means that if 0.76 yuan of 100 yuan cannot be recovered, it is a bad debt.
The so-called non-performing asset provision coverage ratio refers to how much funds a bank has to fill the hole if there is a hole. Bank of Ningbo exceeds 500%. That is to say, if there is a hole of 100 million, here
There are 500 million funds available at any time to fill the hole.
The reason for such a high provision ratio is because the state stipulates that the performance growth of large banks cannot exceed 10%. The reason is that bank stocks are the ballast of Big A, and the profits of bank stocks are almost more than half of all listed companies in Big A.
The profit shows how profitable the bank is.
It can be seen that if bank stocks rise too fast and form a siphon effect on the entire market, serious bleeding will occur.
But the problem is that we cannot stop these banks from developing. However, with such good performance, it is obviously impossible to force growth, but it must be done.
The solution is to increase the provision ratio. Originally, a provision ratio of 1:1 is enough. If the performance is good, then increase the ratio. For example, Ningbo Bank directly gave a provision ratio of 5 times.
Then when its non-performing asset ratio is actually not that high in the future, these funds will be reflected in its performance.
"Indeed, apart from these three banks, other banks are indeed average, especially Bank of Ningbo. After the restoration of rights, the stock price has risen from more than 3 yuan in June 2014 to more than 9 yuan in June this year, doubling in a year.
It is said that it is the target with the best growth potential among bank stocks. Tiansheng Capital understands domestic banks, so it has a heavy position in Ningbo. We also understand it. It is recommended to follow these three major banks in building a position. Although the cost of building a position is now higher than the sky
It’s too high, but considering its growth potential, it’s very worth it, so it doesn’t hurt to help Lu Ming carry the sedan chair!”
…
In fact, in the banking sector, in addition to the three major banks, Lu Ming also values another bank, namely Youchu Bank, which can be said to be a bank target that is as good as Ningbo Bank.
However, Youchu Bank has not yet been listed. It will take three or four years to land in the big A market. It has no plans to invest in the bank in the primary market. When it is listed, it will build positions in the secondary market. By then, the layout of the banking sector will definitely be
It is indispensable to build a warehouse by the reserve bank.
Apart from this, Lu Ming basically has no interest in other bank stocks.
As time went by, the weekend news fermented, and amid a burst of heated discussion and analysis, Monday, July 4, ushered in, which was also the first trading day in the second half of the year.
…
(Ps: It’s gone today, I’m so liver that I’m confused and my trading is suspended!)