Chapter 418 [Wall Street downgrades Tiansheng Capital's rating]
It's night in the Eastern Hemisphere, and at the same time, U.S. and European stock markets in the Western Hemisphere generally plummeted due to the bad news that just came out.
On Wall Street, an investment research analysis team under Morgan Stanley is studying Tiansheng Capital.
"I'm sorry, I really don't understand the logic of this non-bank financial institution. Why can the Tiansheng Composite Index, which reflects the overall profit and loss of Tiansheng Capital, reach a new high for the year? And it is greatly ahead of the Dow Jones Industrial Index." A middle-aged man
Caucasian analyst with face full of question marks and hands spread out.
"Wow, the Tiansheng Composite Index has reached a new high." Another analyst at the meeting looked at the laptop screen in front of him and shrugged, then projected the screen onto the conference screen.
Other participants looked at the conference screen, which showed the real-time fluctuation data of the Tiansheng Composite Index. Today it hit a new high again to 5216.26 points, an increase of +0.39%. This is an index compiled by Tiansheng Capital, aiming to give its
LP investors refer to the fact that asset prices fluctuate in real time 24 hours a day.
When the market peaked at the beginning of the year, the Tiansheng Composite Index also peaked at 4519.01 points, and then fell back to its lowest point of 3814.03 points, with a cumulative decline of -15.6%. Now it has risen from this periodic low to the current 5216.26 points.
It is a new historical high, with a cumulative increase of +36.76%. Even based on the previous high of 4519.01, there is an increase of +15.43%.
This is a figure that shocked Wall Street. If calculated with reference to the Tiansheng Composite Index, Tiansheng Capital not only did not shrink its asset prices in this year's downturn in the global capital market, but actually achieved an overall net net gain of US$109.2 billion in absolute terms.
increase.
There is no doubt that this is a number that is enough to make Wall Street jealous. It is also clear how difficult it is to grow every percentage point when the scale increases. The absolute number of every percentage point of growth is a huge amount.
An increase in quantitative numbers.
An analyst present moved his eyes away from the projection screen and looked at the crowd: "Where did Tiansheng Capital make such huge profits? Can such a large scale maintain such an exaggerated growth rate?
It is simply unbelievable to be blocked globally. This is a rate of return on investment that even God would be hard-pressed to create."
A participant sitting across from him said: "That means there is fraud in this index. The Tiansheng Composite Index does not reflect its overall asset price. There is serious moisture and it is a serious fraud. I am more inclined to this."
Everyone else present couldn't help but nodded after hearing this. This was easier to accept. In their opinion, this was more in line with objective logic and a return on investment that even God could hardly create. Why could Lu Ming do it?
Shortly afterwards, these Morgan Stanley analysts reached a consensus and published a research report publicly on the same day in the name of the institution, directly naming Tiansheng Capital Asset Management for possible fraud.
And Tiansheng Capital's credit rating was downgraded from A+ with good credit to BB with average credit. When Morgan Stanley became Tiansheng Capital LP, it was upgraded all the way to AAA with excellent credit.
At that time, Tiansheng Capital and Wall Street had a brief "honeymoon period", and then the two parties broke up, and major financial institutions on Wall Street lowered Tiansheng Capital's credit ratings.
Especially after Lu Ming cut off more than 170 billion US dollars from the North American capital market, the major financial institutions on Wall Street were so angry that they wanted to downgrade Tiansheng Capital's credit rating to D-. They did not do so because they were concerned about damaging the authority of the rating.
, Tiansheng Capital has its strengths, and Wall Street has to admit this.
Credit rating is a sharp sword in the hands of Wall Street's top financial institutions, which can often determine the life or death of a company. If it loses its authority, global investors will no longer recognize it, which will greatly damage the credibility of the credit rating agency itself.
No matter how good Tiansheng Capital is, downgrading it to D grade is a bit excessive, and global investors are not fools.
Shortly after the Morgan Stanley research report was released, on the same day, several other top financial institutions on Wall Street also lowered their credit ratings for Tiansheng Capital to BBB-, BB+ and BB.
The "+" or "-" symbol after the rating is a slight adjustment to the rating level, indicating that it is slightly higher or slightly lower than this level, but does not include AAA+.
Subsequently, the Wall Street Journal, the New York Times and other media cited reports.
The news coming out of the Western Hemisphere quickly spread across the ocean to the other side of the ocean. In the Eastern Hemisphere, in the middle of the night, the sudden explosion of Tiansheng Capital gradually became more and more popular in the middle of the night. Some night owls were discussing this matter.
"Wori, are you still making bad news? Tiansheng is going to explode? Asset prices are being falsified on a large scale?"
“It’s true that blessings are unparalleled and misfortunes never come alone!”
“Nah, the external market is crazily talking bad about Tiansheng Capital!”
"It's probably because Brother Yi's interview video during the day was too harsh, which made Wall Street angry. I have to give Brother Yi some color, haha~~"
"Nothing wrong."
"The rating downgrade is a bit big, it won't really be a big deal, right?"
"If you think about it carefully, it seems to make sense. There is no reason for the Tiansheng Composite Index to rise so crazily and lead all major stock market indexes in the world this year."
"I think Wall Street is just sour and angry!"
"It still feels very dangerous. The market has been negative for the fifth consecutive time, and Tiansheng Holdings has also been negative for the fifth consecutive time. I don't know who brought down whom. Tomorrow will definitely be the sixth negative news. I don't believe that I can withstand so many negative news.
You can live in it.”
"A50 futures have plummeted 1.5 points, there will definitely be no big A tomorrow!"
"No way? If Tiansheng explodes, the consequences will be disastrous. Then why not force Big A to a 2000-point downward rhythm?"
"I don't think it's possible to come out of nowhere. Tiansheng Holdings has also gone through five consecutive negative times and broken the previous low. From the previous high of 33490, it has fallen sharply by -16.5%. It seems that the main force should know the news in advance and ship. There will be new lows."
"Who can afford a super market with a total market value of more than 2 trillion yuan? Retail investors? Sorry, retail investors can't even buy 5 shares now, and they are not qualified to connect to the market. Who will the main force ship to?"
"I was offended..."
"I have tens of thousands of dollars in my account, and all my worries about dealing with trillions of dollars have gone away. I'm still not sleeping at what time, just waiting for sudden death!"
…
As the Eastern Hemisphere turns to daylight, Big A is about to usher in the third trading day of this week, and the market has already begun to be turbulent early in the morning.
To be exact, it started late last night. Various big Vs got involved one after another. Tiansheng Capital’s explosive voice suddenly filled the entire market. In the morning, before the market opened, major market software also pushed Wall Street’s comments on Tiansheng Capital.
News of a credit rating downgrade.
The recent trend of Tiansheng Holdings is indeed quite scary. It has experienced five consecutive negative years, and it is not a small negative line. In just five trading days, the correction exceeded -16%. Such an adjustment can be said to be a very violent amplitude fluctuation.
.
Although more than 90% of retail investors in the market cannot afford Tiansheng Holdings, it is difficult for the market to withstand the decline of this stock, and both stocks have experienced five consecutive negative years.
If the market cannot withstand market sentiment, it will not be able to withstand it, and other individual stocks will also be unable to withstand it. Therefore, small and medium-sized investors with funds in the market are panicking here.
Is Tiansheng really in trouble? Wall Street's top financial institutions have downgraded its credit rating. No matter what the reason is, it is always variables and uncertainty. Hedging is the idea of most funds on the market today.
Just around 8:50, another "bad" news for Tiansheng Capital appeared, but this "bad" must be in quotation marks.
The news is that Zhongxin Securities issued a research report in the morning, maintaining a buy rating on Tiansheng Capital with a target price of 45,000 yuan. As of the report day, the latest closing price of Tiansheng Holdings was 27,961.29 yuan, an increase of 60.93% from the target price.
Space. Zhongxin Securities predicts that Tiansheng Holdings’ net profit attributable to the parent company in 2018 will be 423.121 billion yuan, a year-on-year increase of 57.56%.
The comment sections below the major market software that pushed this news were all full of one-sided comments.
