Tiansheng Capital Headquarters, President's Office.
It's half past eight in the morning.
Lu Ming is reading various messages in the comment area of Tiansheng Convertible Bonds. The code is already there. Investors can find it by searching for "Tiansheng Convertible Bonds" or the trading code on the market software, but there is no K line yet.
, but today the first daily K-line will come out
Other relevant basic information is available.
It has not yet been listed, but there are a lot of messages in the comment area. I have to say that the popularity of Tiansheng Holdings is really unparalleled.
The key is the strong rise. Since Tiansheng Holdings resumed trading, the closing price as of today is 12,775.79 yuan, with a total market value of 1,022.063 billion yuan. The market value has stabilized at one trillion yuan and has not fallen below.
Since the resumption of trading and listing, the cumulative increase has been +362.16% (resumption of rights). The core assets of Big A, which are well-established, usually seem to be slow, but looking back, they have nearly doubled in a year.
It's really not slow anymore.
This is not the kind of rubbish small-cap stocks that are randomly speculated by a few hot money and have doubled in value. This is a super-large-cap stock worth hundreds of billions and now trillions.
As of today's close, the total market value of 8 stocks in Big A is in the trillion-dollar club. The rankings are: ICBC (2.16 trillion), Andersen Holdings (1.67 trillion), China Construction Bank (1.62 trillion), Zhong Petroleum
(1.52 trillion), Zhongguo Ping An (1.34 trillion), Agricultural Bank of China (1.28 trillion), Bank of China (1.14 trillion) and Tiansheng Holdings (1.02 trillion).
Behind Tiansheng Holdings is Maotai, which has a market value of 990.4 billion. It is only a matter of time before it enters the trillion-dollar club this month, when the first liquor company with a trillion-dollar market value will be born in Big A.
"Please come in."
Lu Ming responded when he heard the knock on the door and looked up at the office door. Han Qiulin walked into the office slowly and handed a document to his desk.
“The company’s consolidated performance report for fiscal year 2017 has been released.”
Lu Ming immediately trembled when he heard this. Not only was he waiting for this annual report data, but also all his major LP institutions were eagerly anticipating it. This annual report would ignite the fuse to start the crazy market.
Many smart funds in the market are also waiting.
Now we are halfway through the first month of the new year, and it is finally out.
In the past seven trading days, Tiansheng Holdings has maintained a wide range of sideways fluctuations, all ending with cross stars, and the upper and lower shadow lines are very long, indicating that the stock price is not calm at this position, and the capital game is extremely fierce.
In fact, the main players of the super institutions are getting ready to go. Although they don't know the specific situation of the annual report data, because after the last abnormal daily limit, no one who comes to talk to Lu Ming will give any hint.
Institutions did not take the initiative to ask for information. If they knew they would come, they would probably be rejected. Moreover, they already knew that Tiansheng Capital’s 2017 annual report results would shock the entire market.
It just depends on the specific numbers.
It is no exaggeration to say that the main players of the institution have everything ready. It is just waiting for the disclosure of the annual report to ignite market sentiment and detonate the whole audience. The annual report can be called a cup.
"Get me a glass of water."
Lu Ming said casually and picked up the annual report submitted by Han Qiulin to read it.
As of December 31, 2017, the company's annual revenue was 365.595 billion yuan, a year-on-year increase of 1083.69%; the net profit was 268.533 billion yuan, a year-on-year increase of 1124.55%, and the annual net profit margin was as high as 73.45%; the total assets at the end of the period were 1.5313 billion yuan, a year-on-year increase
259.44%; net assets are 1,502.2 billion yuan, a year-on-year increase of 258.92%. The company’s net assets have exceeded the current market value by more than 50%.
The net profit is 268.533 billion yuan. This performance is absolutely explosive. The company's profit-making ability properly interprets the saying "If it does not open for three years, it will last for three years after opening."
The bulk of the net profit mainly comes from two aspects. On the one hand, it is excess performance commission, and on the other hand, it is the profit realized by Bitcoin. The shipment target of Bitcoin has been completed long ago, and it has also embarked on a high sideways trading pattern.
The appearance of this form is the result of Tiansheng QDIE pulling the stage at the same time. This is the trace left by cutting the leeks while running away.
The remaining 3.79 million will continue to be held.
Lu Ming continued to read the annual report data, and took a sip from the cup handed by Han Qiulin.
As of the end of last year, the total scale of Tiansheng Capital's own assets + managed assets was 4.61 trillion yuan, and its overseas assets exceeded domestic assets, reaching 2.67 trillion yuan, or approximately US$410.9 billion.
After reading the annual report data, Lu Ming signed and approved it and said: "We will release it after the market closes."
Tiansheng Capital still wants to pay dividends, and this time it will be a big dividend, but it has not yet been resolved by the board of directors, so there is no rush.
On the one hand, Lu Ming personally holds 55% of the company's total share capital, and the dividends will definitely be a sure profit. On the other hand, he has to take care of the institutions that hold Tiansheng Capital, including a large number of Guo Jia team institutions such as the Social Security Fund.
Lu Ming used this to tell the market that if you hold Tiansheng Capital for a long time, you will not only get rich cash dividends every year, but also get rich profits from rising asset prices. It is the most valuable investment in the entire market that has been held for more than 30 years.
stock.
After this annual report is released, there is no doubt that Tiansheng Holdings will be in a straight line tomorrow, and it will definitely be able to get out of the flat market. How high it can go depends on the market sentiment.
The market was about to open today. Lu Ming was planning to see how the Tiansheng convertible bonds listed today would perform, but out of the corner of his eyes, he saw Han Qiulin still in sight and asked casually: "Is there anything else?"
Han Qiulin pretended to be pretentious and said: "...Is it in stock today?"
"..." Lu Ming couldn't help but be stunned for a moment, looked at her seriously, then looked at the computer screen on the desk, and replied concisely: "There is enough, just come and get it yourself."
The beautiful assistant who had been pretending to be pretentious just now stopped being pretentious at all when she heard this and went directly to clear the inventory herself.
…
But let’s talk about today’s market situation.
At 9:15, the morning call auction officially started. The bidding for Tiansheng convertible bonds reached 130 yuan. At the end of the call auction, one transaction was completed, with a total transaction volume of 530 million yuan.
There is no price limit on the price of convertible bonds on the first day of listing, and there are no price limits on other trading days. At the same time, convertible bonds are still a T+0 trading variety, which means that you can sell them on the same day you buy them, and there are timely corrections for errors.
Opportunity to stop losses.
Unlike T+1 stocks, if you buy a stock on the same day, you can only sell it on the next day. If you buy it wrong, you can only stare blankly and cannot stop the loss in time on the same day.
The bidding for Tiansheng Convertible Bonds was very strong. It was because it was so popular and received so much attention that trading was temporarily suspended at the opening of the bidding and would not resume until 14:57 p.m.
The reason for this is that in order to avoid excessive speculation, the exchanges in the two cities have imposed real-time mandatory trading suspension regulations on convertible bonds, which stipulate that once the increase in convertible bonds reaches a certain level, trading will be suspended for a period of time.
If the price of convertible bonds on the Shanghai Stock Exchange rises or falls by more than 20%, trading will be suspended for half an hour. If the price rises or falls by more than 30%, trading will be suspended directly until 14:57 pm. If the price of convertible bonds is suspended for more than 14:57 for half an hour, trading will be suspended until 14:57
It will be reinstated.
If the price of convertible bonds in the Shenzhen Stock Exchange rises or falls by 20%, trading will be suspended for half an hour. If the price of convertible bonds rises or falls by 30%, trading will continue to be suspended for half an hour. Then there will be no price limit. Similarly, if the trading suspension time exceeds 14:57, trading will be suspended for half an hour.
Trading will resume at 14:57.
There are two biggest differences between convertible bonds in the Shanghai Stock Exchange and Shenzhen Stock Exchange:
The first difference is the suspension time after the price increase or decrease reaches 30%. The Shanghai stock market directly stops trading until the end of the trading call auction, while the Shenzhen stock market still suspends trading after the price increase or decrease reaches 30% and will resume trading after half an hour. This means
Convertible bonds in the Shenzhen stock market will have more trading time after the second temporary suspension and resumption of trading early, while the Shanghai stock market only has three minutes at the end of the trading day.
The second difference is the late call auction. There is no call auction in the last three minutes of the Shanghai stock market convertible bonds. It is a continuous bidding, and the order can be canceled. In addition, there is no limit on the increase or decrease, which means that the last three minutes of the
It can be called a chaotic dance, with straight-line flash crashes and straight-line surges possible; while the last three minutes of convertible bonds in the Shenzhen market are call auctions, and orders cannot be canceled after they are placed, and a transaction is completed at the end of the market.
To put it simply, the chaos that may occur in the Shanghai stock market occurs in the last three minutes of the trading session, while the chaos that may occur in the Shenzhen stock market occurs during the intraday period when there is more time.
Tiansheng Holdings’ stocks belong to the Shanghai Stock Exchange’s main board, and its convertible bonds naturally belong to the Shanghai Stock Exchange’s convertible bonds.
Now the opening price on the first day is 130 yuan, and the increase of +30% means that trading is suspended until 14:57 at the end of the trading day. During this period of trading suspension, investors holding Tiansheng convertible bonds cannot trade.
It is also impossible to place orders. Investors with the intention to buy or sell wait until the last three minutes of the end of the trading day to make transactions. There is no limit on the rise or fall during these three minutes, and theoretically they can continue to rise.
The listing of Tiansheng Convertible Bonds today has attracted much attention. It is the most popular among all the convertible bonds in the two cities. This is expected. Who made the underlying stock of this convertible bond Tiansheng Holdings?
