The company's investment research department had already prepared the research report materials for Jingdong. Han Qiulin went back and showed the materials to Lu Ming. The latter had a rough overview and found that there were no problems overall.
"No other changes need to be made. The target price needs to be raised." Lu Ming pointed to the research report in his hand and said.
Han Qiulin asked: "By how much?"
Lu Ming thought for a while and said concisely: "Let's set it at 100 US dollars."
Hearing this target price, Han Qiulin couldn't help but be slightly stunned for a while. When she came back to her senses, she immediately looked at Lu Ming and said, "100 US dollars? Isn't it a bit too optimistic?"
After experiencing the flash crash on September 4, Jingdong's stock price rebounded a little from the oversold price in the past two days, and yesterday's closing price was set at $26.95.
Jingdong, the company's investment research and analysis department, raised the target price to $52, which is already higher than the stock's record high of $50.68.
Lu Ming gave a target price of US$100. Calculated based on yesterday's closing price, it means that there is still 271% room for growth in the future. In other words, the total market value of Jingdong Company will be US$155.2 billion in the future, and this company's
The total market capitalization is currently only $41.8 billion.
Han Qiulin felt that it was not so outrageous to be bullish, and she could not figure out what Jingdong could do to support a valuation of more than 150 billion US dollars.
"If it's US$100, just use this target price." Lu Ming emphasized again.
"Okay." Seeing that he was so sure, Han Qiulin had no choice but to nod. Anyway, he valued and priced many companies, and even many people within the company couldn't understand his logic.
Lu Ming's valuations for many targets are very unreliable, even a bit like satellite valuations, which are particularly unreliable.
The people in the company were not wrong, because they did not know to what extent the U.S. dollar would be flooded in the next few years, let alone that the United States would turn on the "nuclear-powered money printing machine" to exceed 100 billion every month.
The scale of the US dollar keeps printing money like crazy.
…
Not long after Han Qiulin left the office, Lu Ming opened the market software and looked at the situation of Big A today, and also paid attention to the recent ticket of Da Yao Dongfang Communication.
The stock has been falling for three consecutive days. After completing nine consecutive positives, this stock failed to hit the tenth board and then started a downward trend. It seemed to be heading towards the end of all monster stocks.
Tiansheng Capital had already started shipping on the ninth board, but more of the sales were from the bankers inside, and they were really shipping.
After all, the bankers inside would not have expected that the price would soar to 10 times.
Tiansheng Capital's main reason for shipping is that it does not want to appear on the list of shareholders disclosed in the third quarter financial report. After all, it holds close to 5% of the shares. Once disclosed, it will be among the top ten circulating shareholders.
In addition, the dealer inside happens to be shipping, so let’s hit it. The two main players are shipping. This target is destined to not have much performance in September.
As Pan Jingdong in the U.S. stock market, he could raise a lot of diving funds and conduct a series of "vest accounts" and other operations to circumvent the licensing mechanism. Lu Ming had no scruples, after all, the company had already been blacklisted by the beautiful country.
You can actually play like this in Big A, but it is Big A after all. If you do this, nothing may happen now, but after all, it violates the rules of the game, and sometimes it may become a fatal black spot. If someone
If you are determined to get to the bottom of it, you will definitely find out this kind of violation, and then the matter will become big or small under certain special circumstances.
Naturally, Lu Ming would not leave any potential hidden dangers to himself. His butt must be clean and he could not leave any excuses to others.
Lu Ming still has a certain number of people he has offended over the years. It is no exaggeration to say that those who secretly want to bring him down can be said to be like crucian carp crossing the river.
Just say that at this moment, the Science and Livelihood Fund has taken over the job of the second-hand housing trading platform, and not surprisingly, a large number of vested interest groups have joined.
…
That afternoon, shortly after Big A closed, an analyst under Tiansheng Capital issued an analysis report on Jingdong Company in the name of the company.
Conduct a comprehensive structural analysis of Jingdong Company’s fixed assets, changes in the number of employees, technology research and development, order fulfillment costs, asset operation efficiency and other dimensions. As for the impact of Dongzi Ge’s recent negative news, it did not appear in this article at all.
Research report in progress.
As soon as this research report came out, it caused a huge sensation in the capital market that day.
Firstly, although Tiansheng Capital is a heavyweight asset management and investment research institution in China, it rarely publishes research reports. Investors look at Tiansheng Capital’s research reports more for analysis of an industry.
Reports, there are quite a few such research reports.
What is really rare is the publication of research reports on a single listed company. Investors looked at the company's past records and found that Tiansheng Capital has published only a handful of research reports on individual stocks. The most famous case is Jia.
The boss's pleasure.
Therefore, this has also formed a concept in the eyes of many investors. Tiansheng Capital's research and analysis reports on individual stocks generally do not sell, but selling is unusual.
What really caused a stir in the capital market was that Tiansheng Capital’s research report had two major shocking points.
The first shocking point is that at this juncture when major institutions at home and abroad are looking down on Jingdong Company, Tiansheng Capital is actually bullish, which seems out of place at the moment.
The second shocking point is the target price given. This is the one that shocked the market the most. It gave an incredible target price of $100.
"Am I right? You gave a target price of US$100? Isn't Brother Yi's hand shaking and he filled in an extra zero?"
"Don't blame Brother Yi for everything. This research report was issued by an analyst under Tiansheng Capital, not Brother Yi."
"What's the difference? The analyst represents Tiansheng, and Brother Yi is the leader of Tiansheng. Doesn't that mean Brother Yi means..."
"Okay, okay, let's not worry about this, okay?"
"Brother Yi sent out the wealth password again~, is anyone on board?"
"I understand, let's sell the RV and go buy Jingdong at a low price... [dog head to save life]"
"What are you talking about? How to invest in US stocks?"
"To be fair, this target price is a bit exaggerated. At a price of $100 per share, there is as much as 270% room for growth. Even if we are optimistic about Jingdong, what can we do to support a valuation of US$150 billion?"
"It's indeed an exaggeration. I'm afraid Tiansheng Capital secretly held Jingdong's stocks and was trapped, so I'm getting anxious now... [dog head to save life]"
"I have one thing to say, anyway, I believe it. Brother Yi will never cheat anyone. I just happen to have an account. I will buy the bottom of Jingdong Bibi tonight. Brother Yi has already done this. I support Brother Yibo Dongzi."
