Chapter 983 [Understood, tomorrow will stud hard big A]
The audience couldn't help but become serious after hearing this, and Lu Ming continued: "We believe that in the one or two years after the post-Y love era, the return on investment in the global capital market will bring extremely high levels of income. This high level of use can
Says an abnormal value slope will be reached."
When Brother Yi first came up, he outspokenly bullied the entire market. During the holidays, everyone was shouting that we would see each other at 2500 when we come back after the holidays.
Many investors, especially fan investors, are hesitant whether they should believe it or not.
"...In other words, when we earn corporate growth and corporate value, we actually have a normal linear report." As Lu Ming spoke, he operated on the laptop in front of him for a moment.
After a while, the audience watching the live broadcast of the shareholders' meeting saw the screen split into two screens. The camera where Lu Ming was located shrank to a corner, and the main screen showed a slide show of data.
Lu Ming said again: "If we look at the return path of the global capital market, we will find that generally speaking, if you hold it for a long time, you can get an annual return rate of about +14% on average every year. Our A shares
The market is actually similar, and some of our core assets can actually provide such a rate of return in the long term, which is also the principle of value investing."
"For example, Maoti, Wu Liangye, Zhongguo Shenhua, Tiansheng Holdings, Yangtze Power and other core assets. Of course, the return on investment of Tiansheng Holdings is relatively higher." Lu Ming said and couldn't help but smile at the end.
Audiences who followed the online live broadcast of the shareholders' meeting couldn't help but feel happy when they heard this.
Brother Yi is so humble in what he says!
The return on investment of the stock king is more than one or two points higher. The company was listed on the backdoor in April 2016. Its return on investment is calculated based on the restoration of rights. From the listing to the latest closing price, the cumulative return on investment is +5767%, and the annualized investment
The return rate reached an outrageous +1441%, an average of more than 14 times a year, which is a mess.
Over the long term, the global capital market can achieve an average return rate of +14% per year, and the return rate of the stock king is a hundred times that. Comparing the two, it is simply shocking.
At the same time, Lu Ming continued: "Ignoring the fluctuations in the middle and the cycle lengthening, excellent companies can provide sufficient positive returns on capital. But there is volatility in the middle. Looking at the past, almost all
If you look at the industrial life cycle that the global capital market has experienced over the past century, you will find that the fluctuations in the middle of this cycle will provide a very excess return on investment during some periods of time."
"What stage? If you look at every major crisis in history, such as the Asian financial crisis in 1997, the Internet bubble crisis in 2000, and the global financial crisis in 2008, you will find the underlying causes of this series of major crises.
They are all pitfalls, and they are gold pits. After the crisis, this asset will return to its holders a better rate of return."
"This is not path dependence, nor is it seeking a solution, nor is it empiricism. In fact, it is based on close macro logic. In the one or two years after every major crisis, the average return rate of the global capital market can reach 4%.
Ten to fifty, that’s a pretty amazing rate of return.”
All the investors who watched the Tiansheng Capital shareholders’ meeting basically understood what Brother Yi wanted to express. Isn’t Y-corruption a major global crisis happening in front of us?
In other words, the pit created now is a golden pit.
According to Lu Ming's statement, you can earn a return rate of about 40% by buying a large-cap index. To put it loosely, it can be understood that Big A can increase by 40%. The recent lowest point of the Shanghai Stock Exchange Index is 2646 points. Taking this pit as an example,
The starting point is about 40%, which means it can rise to 3,700 points in the next one or two years?
At this time, Lu Ming said again: "Why does this happen? Because at this time it has actually surpassed the pure value investment part, because after every major crisis, under the path and logic of Keynesianism, the world
The strategies adopted by major banks are to avoid economic recession or depression, and the result is that any stimulus will lead to a rapid rebound in the aggregate demand curve."
“At the same time, it will also be accompanied by extremely low capital costs for a period of time, which can be one or two years, that is, the global bank will maintain a low interest rate, a large scale of easing, and very abundant liquidity.
, it can even be said to be a flood of liquidity.”
As soon as these words came out, everyone thought that the Federal Reserve had previously announced the implementation of zero interest rates.
Indeed, banks in various countries are now turning on nuclear-powered money printing machines.
Lu Ming said methodically: "In this case, if the demand is recovering and the cost of capital is low, then you should understand that in addition to the value growth part of your asset return rate, the expansion of the valuation bubble will become part of the belt."
The main factor for high returns.”
Shareholders: Got it, let’s do hard work tomorrow and do big A. Stud is a kind of wisdom!
…
About an hour and a half later, the shareholders' meeting entered into a question and answer session, and this time the question and answer was completed via online remote connection.
The first question came from a media organization and was relayed by the host.
"Thank you Mr. Lu, my question is about the trend of the RMB. We have seen that the RMB exchange rate has interrupted its rise this year due to the epidemic and has rapidly depreciated to above 7 again. What do you think of the subsequent trend of the RMB this year?"
After hearing this, Lu Ming immediately said in an orderly manner: "Let me start with the conclusion. We believe that the trend of the RMB this year will strengthen rapidly, and may even return to the level at the beginning of 2018."
Many people were shocked when these words came out. The amplitude of the fluctuation is really a bit large. It means that the price has appreciated from the current 7.1 to 6.3. This appreciation is very large.
After drawing his conclusion, Lu Ming began to elaborate on his point of view: "After the 811 exchange rate reform, the correlation between the RMB and our trade has increased significantly. At this time, we cannot simply look at our foreign exchange reserves. You see
This foreign trade surplus actually also implies our international income, but it is no longer reflected in the increase in our reserve assets."
"So what we see is probably that as foreign trade strengthens, the RMB will strengthen. The logic is very simple. From the beginning of the epidemic to the current situation, we have basically controlled and resumed work and production, but overseas is still deteriorating. I think we will continue to
We will benefit greatly from this, and we will benefit from both sides.”
"First of all, our bond yields have rebounded in a V-shape. There is a high probability that our yields will be the first in the world to return to three years ago. As a result, overseas interest rates are very low, our return on assets is high, and interest rates are also
It's high, and then trade is strong."
"Because now only the Greater China market in the world can produce, and overseas countries have been hit by the epidemic and are in a state of shutdown. The whole world depends on us for supply, so our export and foreign trade will be rarely strengthened in the next year or so. This will
It is the core support point for the strengthening of the renminbi.”
Indeed, the global supply chain system is now broken, and countries have suspended operations and production.
On the contrary, the Greater China market has come under control and has begun to resume work and production. This situation has become a veritable world factory, producing and supplying products for the whole world. Because other countries cannot produce, they can only place orders in the Greater China market.
Naturally, foreign trade exports have strengthened significantly.
What has to be said is that Lu Ming's influence was once again verified. At this time, the offshore RMB exchange rate dropped directly from 7.1306 to 7.0569, with a drop of -1.03%, which can be said to be a linear increase of more than 700 basis points.
Not only did these words come from Lu Ming's mouth, but the logic was very strong and hard enough.
