[Tiansheng Capital released the 2017 consolidated annual report, with annual revenue of 365.595 billion yuan, a year-on-year increase of 10.8 times, net profit of 268.533 billion yuan, a year-on-year increase of 11 times, and net assets of 1.5022 billion yuan, a year-on-year increase of 2.5 times!]——
"Tonghuashun News"
[The results of Tiansheng Capital’s annual report shocked the market, may the brokerage sector usher in a reversal?] - "Doncai Express"
[Tiansheng Capital Annual Report: Annual revenue of 365.595 billion yuan, net profit of 263.228 billion yuan, net profit second only to ICBC!] - "21st Century Economic News"
…
It's fried. The whole market is fried tonight.
All media are competing to report this news, and even mainstream media are quoting reports. The market knows that Tiansheng Capital’s annual report this year will be very eye-catching, and it has also given very high expectations and expectations.
But I still didn't expect that this performance would be so explosive, especially the net profit, which almost surpassed the top line in the universe.
One thing I have to say is that the banking sector accounts for half of the total annual profits of more than 3,000 listed companies in Big A. It can be seen that the vast majority of listed companies cannot make a few profits.
This year, the net profits of the four major banks of Industry, Construction, Agriculture, and China Bank all exceeded 100 billion yuan, which were 286 billion, 242.2 billion, 192.9 billion, and 172.4 billion yuan respectively. It is not unreasonable that the profits of bank stocks account for more than half of all listed companies in Big A.
From these data, it is not difficult to see why bank stocks must be suppressed and why the NPL ratio is so high. If bank stocks are not suppressed, all the funds in the market will pour into this sector, and other big A stocks will be left out. The capital market
It also loses its liquidity and financing functions.
As a non-bank stock, Tiansheng Capital can be ranked among the top three. This is something that no one expected from the outside world.
From another perspective, Big A still believes that finance is king, banks are finance, and Tiansheng Capital is also finance.
Less than half an hour after the annual report was released, Tiansheng Holdings topped the popularity list in major market software, and the popularity in major comment areas was extremely high.
"Tomorrow it will be a one-character board. If it is not a one-word board, my live broadcast will eat up the screen."
"There is absolutely no doubt about it. If this can be called good shipping, no fool will believe it."
"It's scary. The previous price-to-earnings ratio was still 55 times. Some people thought it was too high and there was a serious bubble. As soon as the annual report came out, the price-to-earnings ratio of Tiansheng Holdings reached 3.79 times. It is lower than all bank stocks. Can you believe it?"
"I thought there was no white horse heavyweight stock with a lower weight than bank stocks, but I didn't expect that a whole family was really beaten. It's really a series that has been around for a long time... [laughing and crying]"
"Is this value investing? I love it... [manual funny]"
"It makes sense for institutions to get together. It makes sense that the top ten holding institutions are all Guo Jia team institutions!"
"With more than one million in one hand, those who can afford Tiansheng Holdings are not ordinary people!"
"You can buy convertible bonds. Tiansheng convertible bonds were just listed yesterday. Yesterday, I bought convertible bonds after a plunge at the end of the trading day. Now I feel comfortable. If I eat big money tomorrow, at least I won't be able to run away if I go high."
"I understand, let's convert the debt!"
“Will securities rise?”
"The best that Scumbag Securities can do is follow. It's impossible to get up. Tiansheng Holdings follows its own independent market, a brokerage? Why buy a brokerage? Isn't Tiansheng convertible bond good?"
…
The next day, Tuesday, January 16th.
Lu Ming is in his office looking at the trend of his company today. Compared with the underlying stocks, he is more concerned about the performance of Tiansheng convertible bonds. The underlying stocks are nothing interesting and must be bad.
In fact, this is indeed the case. As soon as the collective bidding time came, Tiansheng Holdings was pushed to the daily limit during the bidding stage. When the bidding ended at 9:25, it was also the daily limit. The stock price hit a record high of 14,028.56 yuan.
The total market value of Sheng Capital has also reached 1.12 trillion yuan.
Lu Ming's heart moved, and he immediately switched from the company's internal trading software to the market software Tonghuashun, because he remembered that Tonghuashun's time-sharing interface should have a barrage function at this time.
In fact, trading software should not develop barrage communication, because this is also a major factor that affects emotions, thereby expanding emotional and irrational trading.
Of course, from an experience perspective, it is right for Tonghuashun to keep pace with the times and add the barrage function, because users have this need, and stock traders are often lonely.
As for whether it will affect traders’ emotions, Tonghuashun said it’s none of my business?
Lu Ming clicked on Tiansheng Holdings' time-sharing interface and clicked on the barrage function. It didn't take long for more and more barrage comments to appear.
"Nice pen!"
"It's all straight!"
"Run quickly, we have a game in the afternoon!"
"The securities sector also opened higher by +2.86%. It is worthy of being the top brother in the securities sector!"
"It's not a surprise. The weight of Tiansheng Holdings is there. Its daily limit can contribute +2% to the entire securities sector."
"The main stock market has opened in a straight line, and the convertible bonds have also opened at +10%, which is great!"
Lu Ming looked at the underlying stocks and quickly switched to the Tiansheng Convertible Bond market. The results of the call auction for the convertible bonds came out. The opening price was 124.400 yuan, +10% higher, because the call auction had the highest opening price of +10%.
A large number of barrage messages quickly appeared on the convertible bond time-sharing interface, which shows its high popularity.
“I didn’t make it in the late trading yesterday, so I lost a lot of blood!”
"I envy the old guy in the car, I feel so sad!"
"I don't know if the market will dive at the opening. It will open too high."
"As long as the underlying stocks don't blow up, there shouldn't be a big plunge in the convertible bonds."
"I lurked in late yesterday and sold out through call auction. I don't know if it's correct."
…
Tiansheng convertible bonds are currently the most popular among all convertible bonds in the two cities. There is no doubt about this. You can get a glimpse of it just from the number of barrages.
As time passed by, five minutes later, Big A officially opened for continuous bidding at 9:30.
After Tiansheng Convertible Bonds opened, it went straight up and hit the second board. The price hit 135.701 yuan, an increase of +20%, triggering the trading suspension mechanism. Trading was temporarily suspended for 30 minutes during the session and trading resumed at 10:00:03.
Positive stock price: 14028.56
Conversion price: 12350
Conversion value:113.59
Premium rate: +19.46%
After a 20% increase triggered a temporary trading suspension, the popularity of the barrage became even more explosive.
"6666, second plate + 20% suspension, only 3 seconds. This is so fast, I can't react at all!"
"Damn it, I sold it out after bidding, I lost a lot of money!"
"The main stocks are sealed tightly. It's simply terrifying. There are actually 20,000 orders sealed. After calculation, it's equivalent to 28 billion funds queued up on the board. The main force has high aspirations."
"This order is too strong, Tiansheng Holdings wants to take over Shenglang!"
"There is no doubt that the Lord will rise to the waves."
“I don’t know how high the stock market will go.”
"I thought of the hearse now and the sacred car back then!"
"The main force in Tiansheng is definitely much stronger than Hearse. Shenche's original main Shenglang had a market value of 200 to 300 billion, while Tiansheng had a market value of one trillion. It is not an ordinary main force to get out of the even market.
It can be done.”
…
The stock investors who posted the barrage did not know that "Brother No. 1" was diving to watch them.
As time passed by, Tiansheng Holdings' underlying shares were still tightly sealed by more than 20,000 orders. During this period, very few were sold and the orders were stacked up like a death note. The capital has exceeded 30 billion.
The daily limit is sealed.
In terms of index, the Shanghai Composite Index started to recover today after a negative line yesterday ended the positive streak of the market, and it is also rising steadily at this moment.
At 10:00 minutes and 4 seconds, Tiansheng Convertible Bonds ended the suspension and resumed trading. At the moment when trading resumed, it suddenly rose sharply to +24.68%, and then quickly began to fall back.
After the resumption of trading, the long and short parties were engaged in a fierce game, and the trading volume exploded rapidly. Within 10 minutes of the resumption of trading, the trading volume increased to 2.2 billion.
At this moment, the time-sharing curve of Tiansheng convertible bonds is also thrilling.
Two minutes ago, the increase was still +24%. Two minutes later, it suddenly plunged all the way to 15%. At the lowest point, it hit +11%. Then it started to rise again, and it reached +20 in ten minutes.
%s position.
Lu Ming looked at the time-sharing trend chart of Tiansheng Convertible Bonds without saying a word. The barrage was still open. As the suspension ended and trading resumed, the popularity skyrocketed, which also meant that more and more people were participating.
Some people make huge profits, others suffer huge losses, and each team kills each other in the market.
"It's so exciting. I'm sorry. Is this a T+0 transaction?"
"It's a cool deal to sell high and buy low, haha. You don't have to pay stamp duty. It's so cool!"
“How to enable convertible bond trading?”
"I cried to death. I made the wrong move twice in a row. My blood loss was -18% in 20 minutes. I suspect that the account is being monitored by the main force. It goes up as soon as I buy it and goes down as soon as I buy it."
"This fluctuation is so scary, damn!"
"It's too difficult to play. If your hand speed is a little slower, you will be stunned."
"It's a pattern!"
"I don't dare to follow the pattern. My heart can't stand it. When I dive, I feel like I'm rushing to -20% all the way. I'm scared to death."
“It’s exciting when things go up, but don’t be too excited about convertible bonds.”
