Chapter 166 [The wind on the top of the mountain is a bit cold (guarantee 2/2)]
After entering mid-August, the mid-term results of major listed companies have been released one after another. With the performance report of the rare metal lithium battery industry sector coming out, investors in this sector can’t sit still!
Equity changes disclosed in the interim results of listed companies such as Yiwei Lithium Energy, Ganfeng Lithium, Xiamen Tungsten and other listed companies show that Tiansheng Value Growth Hybrid Fund was still the top ten circulating shareholders of these companies in the last quarter.
The data disclosed in the mid-term performance report is missing!
Brother 1 ran away last quarter!
On major market software, the comment sections under these stocks are blowing up.
"Damn it, Brother No. 1 has run away, and I'm still standing guard in Ganfeng. I'm covered with -20% feeling pills!"
"No more!"
"Oh my god, Beifang Huachuang is gone. The conference call was about semiconductors, and the people here disappeared. It's really cool!"
"Tomorrow's stampede!"
“Chasing celebrity fund managers is also a trap!”
"No...why didn't you enter at the beginning of the year? The first brother said that he didn't bear the blame. It was a clear sign that Tiansheng Yaoji opened a large trading position at the beginning of the year. 17 stocks were opened for large trading and all were made public. Why at that time?
Not going in? Why did you enter after it doubled in July? Yiwei Lithium increased by +192% from February to July; Huayou Cobalt increased by 223%, and Beifang Huachuang also doubled..."
"I'm so miserable, even my brother can't carry me...[crying]"
"To be fair, the position of these tickets is only a fraction of Tiansheng Yaoji, and they may be replaced by Brother No. 1 at any time. If you want to copy the homework, why not get Brother No. 1's "Six Meridians Divine Sword"?"
"What the hell is the Six Meridians Divine Sword?"
"Haitian An's Mao Wulu! Haitian Weiye, Tiansheng Holdings, An's Shares, Maoti, Wu Liangye, Luzhou Laojiao, and Tiansheng Yaoji are the top six heavyweight stocks that are unbeatable."
"The net worth of Tiansheng Enchantress is 3.8981 yuan, which has doubled this year's cumulative growth of +108.22%. Wouldn't it be nice to buy Enchantress? Maoti has increased by more than +60% this year, outperforming Maoti by more than half.
Doesn’t it smell good lying in the arms of the enchantress? It smells good... [Erha.jpg]"
"Tian Sheng Enchantress closed the subscription channel last time, and it's still not open yet. When will it be opened?"
“Ten thousand people’s blood book begs Brother Yi to open the subscription for Enchantress!”
"Did Anshi take drugs this week? Has he been so active recently?"
"The stock price of Anshi shares is 97.95 yuan. The total market value of Anshi shares exceeds 1.5 trillion, second only to the top companies in the universe. I'm stupid!"
…
This week's market situation is that after Monday's sharp rise, the market weakened in the next four days, pouring cold water on investors.
Today is Wednesday, August 17th. Anshi shares have accelerated their upward trend and become a blue-chip star player this week, suddenly gathering a lot of popularity.
It turned out that Anshi Co., Ltd. was going to disclose its interim results tonight. The market interpreted the three consecutive board announcements as funds betting on Anshi Co., Ltd.'s semi-annual report performance. At the same time, the stock price that came out showed that Anshi Co., Ltd.'s performance in the first half of this year was poor.
Not going anywhere.
In the evening of the same day, Anshi Co., Ltd. disclosed its interim results. The company's operating income in the first half of the year was 192.965 billion yuan, net profit was 23.773 billion yuan, and non-net profit was deducted 21.979 billion yuan.
The interim results greatly exceeded market expectations.
It is worth mentioning that in addition to the better-than-expected mid-term results of Anshi shares, the market in August is also inseparable from the driving effect of big blue chips. Although the stock game pattern of the market has not changed, the highlight of this round of rise is
What drives the market to the 3,000-point mark is represented by large blue-chip stocks, which is completely different from the previous rounds of speculation in theme stocks that were pioneered by small and medium-sized stocks.
The style of the market has obviously changed, and the main funds of real institutions have actually begun to accumulate strength.
However, on the next day, Thursday, Anshi shares opened directly lower at -5.23%, and then shot higher. When it turned red, many retail investors chased it, but in less than half an hour, it turned green again and dived.
, fell throughout the day, and fell -7.32% at the close of the day. Investors who were so angry that they rushed higher in early trading scolded Liang.
"Made thought that opening low and moving high was to frighten the panic market, but in the end, he was using traps to induce multiple triggers. There were too many tricks!"
“Taking advantage of the favorable conditions for shipments, I’d be honest and say that all those entering the market today are leeks.”
"The main force of Ma De is not human. I have also thought about taking advantage of the favorable conditions to ship goods. However, this situation is often not about opening the bidding at a high price to attract leeks to enter the market, but opening the price at a low price and generally leeks will not dare to enter the market and it is difficult to ship. It is more that
Kill the panic market and pull it up!"
"Haha, so the main force predicted your prediction and came to lure the bulls."
"Remember an iron rule: All high-level news, whether good or bad, is regarded as negative. Good news can be used to sell goods. Bad news will lead to collapse and stampede away. At the same time, all low-level news will be regarded as negative.
Bad news will continue to lead to a downward trend, and as long as the news comes out, it is basically good, good news is a real good that exceeds expectations, and bad news is good if the bad news is realized smoothly."
"I don't even think about it. The stock price of An's Co., Ltd. is 107.75 yuan on the last board, and the total market value is 16,700 yuan. It will surpass the first bank in the world and become the big A blue wave bay. Even if the performance exceeds expectations, the fundamentals are very hard, and it will fall back in the short term.
The possibility is far greater than the upside.”
"Think about the stock price of 12.86 yuan last year, and look at it now at 97.95 yuan, setting a maximum cumulative increase of +661.66%. Missing this big bull stock left me with tears without a pattern..."
…
The trend of An's shares in the past year is indeed a very strong listed company among the big blue chips. Lu Ming forcibly changed the logic of this company, and now it is a big ticket with many institutions gathering together.
For investors with large funds, another big advantage of this ticket is that it will pay dividends every year. If this year's performance can reach a net profit of 40 billion, it can guarantee a dividend of at least 18 billion.
There is no doubt that such tickets are suitable for long-term holding.
Tiansheng Capital currently holds 967 million Anshi shares, accounting for about 6.23% of the total share capital. Based on today's closing price of 90.78 yuan per share, the market value of Tiansheng Capital's position is 87.784 billion yuan.
The cost of holding the position is 16.23 yuan per share, which can be called the floor price, which means that the Anshi shares held by Tiansheng Capital now have a floating profit of 72 billion yuan, and the cumulative return rate exceeds +459%, which does not include dividend income.
If dividends are included, as time goes by, the holding cost may become negative after a few years.
The current dynamic and static price-earning ratios of Anshi shares are 36.32 times and 53.55 times respectively. The current valuation is obviously on the high side, but it is not too outrageous. Such a company has strong performance fundamentals to support it. As long as the performance can
If we maintain such high growth, the PE valuation will come down in two years.
What I have to say is that it is a very troublesome thing for institutions to conduct PE valuation and pricing for Anshi Group. In fact, the differences between institutions are relatively large because this company is too diversified. As the saying goes, it is complex but not refined.
But Anshi Group's current major businesses are all operating very well, and several core businesses have basically achieved the top position in the industry.
If Anshi Group is positioned as a traditional manufacturing company, then the PE valuation of 53 times is absolutely sky-high, and 20 times the PE is even higher; if it is positioned as a consumer company, its PE valuation is
Pricing should be around 25 to 30 times the P/E ratio to be reasonable; if positioned as an insurance company, its PE valuation should be around 15 times the P/E ratio.
This year, the management of Anshi Group once again elaborated on the company's determination to transform and upgrade in its interim results. This is a major decision and a key factor for the market to give it a PE of more than 50 times. It also shows that this large group is still
Making progress with determination.
No matter how it is valued and priced, it is the market consensus that the current stock price of Anshi Group is a bit too high.
But then again, it is not the company itself that has the final say on how to price the PE valuation of Anshi Group, but the institutions within it. This is something Lu Ming is deeply aware of.
Today's changes in An's shares reminded Lu Ming of a company called "Dongfang Communications" in his last life. A few years later, funds were booming in the 5G concept. Dongfang Communications was so hyped that the stock price went up in just six months.
From more than 3 yuan stir-fried to more than 40 yuan, it has doubled ten times.
The company has clarified that it does not have 5G business. Whether the funds say it has it or not, whether they buy it is another matter.
Last year, no one paid any attention to An's shares at prices below 15 yuan, because institutions didn't buy your account.
When funds didn't buy your account, the total assets were more than 500 billion, but the total market value was only a pitiful 200 billion. Now they buy your account, and institutions have gathered together, and the total market value has reached 1.5 trillion.
Capital says you are great, even if you are not great.
…
(Ps: Vote for a monthly vote, recommend the duck, the horse can eat grass, don't be a black-hearted capitalist 嘤嘤嘤嘤嘤~)
