Rebirth: The Financial Giant

After entering mid-August, the mid-term reports of major listed companies have been released one after another. With the release of the rare metal lithium battery industry sector performance reports, the shareholders of this sector cannot sit still!

The equity changes disclosed in the interim reports of listed companies such as Yiwei Lithium Energy, Ganfeng Lithium Industry, Xiamen Tungsten Industry and other listed companies show that Tiansheng Value Growth Mixed Fund was still the top ten tradable shareholders of these companies in the last quarter.

The data disclosed in the interim report shows that it is gone!

One brother ran in the last quarter!

On major market software, the comment area under these stocks is frying.

"Fuck the first brother ran away, I'm still standing guard in Ganfeng, quilt cover - 20% feeling pills!"

"No more!"

"I wipe, Beifang Huachuang is gone, and the conference call is blowing semiconductors, but the people here are gone, but this is a big brother!"

"Tomorrow stomp run!"

"It's also a pit to chase star fund managers!"

"No...why didn't you enter at the beginning of the year? This pot one brother said that he didn't back it up. At the beginning of the year, Tiansheng Yaoji's block trade was a clear sign. 17 stocks opened for block trades, all of which were made public. Why not at that time? Entering? It just doubled in July before entering? Yiwei Lithium Energy rose +192% from February to July; Huayou Cobalt +223%, Beifang Huachuang also doubled..."

"It's too bad, even a brother can't take me... [cries]"

"To be reasonable, the positions of these tickets are fractional in Tiansheng Yaoji, and they may be replaced by the first brother at any time. Why don't you go to the first brother's 'Six Meridians Excalibur' if you want to copy homework?"

"What the **** is the Six Meridian Sword?"

"Haitian An's Maowulu! Haitian Weiye, Tiansheng Holdings, Anshi Co., Ltd., Maotai, Wu Liangye, Luzhou Laojiao, the top six heavyweight stocks of Tiansheng Yaoji can't be beaten."

"Tiansheng Yaoji's net worth is 3.8981 yuan, and the cumulative growth this year has doubled. Isn't it delicious to buy Yaoji? Mao Ti has increased by a little more than 60% this year, outperforming Mao Ti by half, lying on Yaoji. Is it fragrant in the arms? Is a fragrant stroke good...[Erha.jpg]"

"Tiansheng Yaoji closed the subscription channel last time, and it hasn't opened yet. When will it open?"

"Ten thousand people's blood book asks the first brother to open the subscription of the enchanting girl!"

"Has Anshi's been taking drugs this week? It's been so violent recently?"

"The stock price of Anshi's 97.95 yuan, Nima's total market value has exceeded 1.5 trillion, second only to the first line of the universe, I'm stupid!"

…

This week's market slumps over the next four days after Monday's big rally, throwing cold water on investors.

Today is Wednesday, August 17th. Anshi's stock has accelerated its upward trend and has become the star player of this week's big blue chip, gathering a lot of popularity all at once.

It turns out that Anshi shares will disclose its mid-term results tonight. The market interprets the three-link board as funds betting on Anshi's semi-annual report performance. At the same time, the stock price that came out shows that Anshi's performance in the first half of this year was poor. not going anywhere.

On the evening of the same day, Anshi Co., Ltd. disclosed the results of the interim report. In the first half of the year, the company's operating income was 192.965 billion yuan, the net profit was 23.773 billion yuan, and the non-net profit was 21.979 billion yuan.

The results of the interim report greatly exceeded market expectations.

It is worth mentioning that in addition to the higher-than-expected interim results, Anshi's stock market is also inseparable from the August market, which is the driving effect of the big blue chips. Although the market's stock game pattern has not changed, the bright spot of this round of rising The reason for driving the market to reach the 3,000-point mark is represented by big blue-chip stocks, which is completely different from the previous rounds of speculation with small and medium-sized stocks as the vanguard.

The style of the market has obviously changed, and the real institutional main funds have actually begun to accumulate.

However, on Thursday the next day, Anshi's shares opened directly low, and then shot up all the way. When it turned red, many retail investors chased in, but it turned green and dived again in less than half an hour. The day fell, and the investors who chased in in the early trading, who were down on the closing day, scolded the good.

"Mad thought that opening low and walking high was to scare the panic, but the result was to induce multiple tricks, and there were too many routines, Nima!"

"With the help of favorable shipments, IMHO it is all leeks that enter the market today."

"Mad's main force is not a human being. I also thought of it by taking advantage of the good to ship, but this situation is often not because the bidding is open to attract leeks to enter the market, and the average leeks do not dare to enter the market when they open low. It is not easy to ship, but more Kill the panic and pull it up!"

"Haha, so the main force predicted your prediction, and there was a wave of lure."

"Remember an iron law: all high-level news, whether good or bad, is considered bad. Good news can be used to sell the news, and bad news will collapse and run on a treadmill. At the same time, all low-level news will be released Bad news will continue to fall, and as long as the news is basically positive, the good news is a real positive that exceeds expectations, and the bad news is a good news if the bad news is successfully realized."

"I don't even think about it. The stock price of Anshi's shares is 107.75 yuan and the total market value is 16,700 yuan. It will surpass the first line of the universe and become the Big A Blue Wave Bay. Even if the performance exceeds expectations, the fundamentals are very hard and will fall back in the short term. The possibility is also far greater than the upside.”

"Think about last year's stock price of 12.86 yuan, and now look at 97.95 yuan, the largest cumulative increase. I missed this big bull stock and left tears with no pattern..."

…

The trend of Anshi's shares in the past year is indeed a very strong listed company among the big blue chips. Lu Ming forcibly changed the logic of this company, and now it is a big ticket for institutions to get together.

For investors with large capital, another major benefit of this ticket is that dividends will be distributed every year. If this year's performance can reach 40 billion in net profit, at least 18 billion in dividends can be guaranteed.

There is no doubt that such tickets are suitable for long-term holding.

Tiansheng Capital currently holds 967 million shares of Anshi, accounting for about 6.23% of the total share capital. Based on today's closing price of 90.78 yuan per share, the market value of Tiansheng Capital's holdings is 87.784 billion yuan.

The cost price of holding a position is 16.23 yuan per share, which can be called the floor price, which means that Anshi shares held by Tiansheng Capital are now floating at 72 billion yuan, and the cumulative rate of return exceeds +459%, which does not include dividend income.

If dividends are factored in, over time, the cost of holding a position can become negative after a few years.

The current dynamic and static price-earnings ratios of Anshi shares are 36.32 times and 53.55 times respectively. The current valuation is obviously on the high side, but it is not too outrageous. Such a company has strong performance fundamentals. If such high growth is maintained, the PE valuation will drop in two years.

What I have to say is that it is a very troublesome thing for institutions to price the PE valuation of Anshi Group, and the differences between institutions are actually relatively large, because this company is really too diversified. At present, the major businesses of Keanshi Group are operating very well, and several core businesses have basically achieved the top position in the industry.

If Anshi Group is positioned as a traditional manufacturing industry, its PE valuation price of 53 times is absolutely sky high, and 20 times PE is too high; if it is positioned as a consumer company, its PE valuation The pricing should be reasonable at around 25 to 30 times earnings; if it is positioned as an insurance company, its PE valuation should be priced at around 15 times earnings.

This year, the management of Anshi Group once again expounded the company's firm determination to transform and upgrade in the interim report. This is a major decision and a key factor for the market to give more than 50 times PE. It also shows that this large group is still In forge ahead.

No matter how the valuation is priced, the current share price of Anshi Group is a bit inflated, which is the consensus of the market.

But then again, it's not the company itself that decides how to price Anshi Group's PE valuation, but the organization inside, which Lu Ming was deeply touched by.

Today's change in Anshi's shares reminded Lu Ming of a company called "Dongfang Communications" in the memory of his last life. A few years later, the funds hyped up the concept of 5G, and Dongfang Communications was fired into the sky. In just half a year, the stock price From more than 3 pieces of stir fry to more than 40 pieces, it has increased tenfold.

The company has clarified that there is no 5G business, and the funds say you have it or not. Whether the funds buy it or not is another matter.

Last year, the price of Anshi's shares below 15 yuan was ignored, because the institution did not buy your account.

When the funds did not buy your account, the total assets of more than 500 billion yuan but the total market value was only a pitiful more than 200 billion yuan. Now that you have bought your account, the institutions are grouped together, and the total market value has reached 1.5 trillion for you.

Capital says that you are great, but you are also great if you are not.

…

(Ps: vote for a monthly ticket, recommend a duck, horses can run and eat grass, don't be a black-hearted capitalist~~嘤嘤嘤嘤~~~~~)