Rebirth: The Financial Giant Chapter 603

When the market opened in the afternoon, many investors thought that the market would gradually cool down, either falling back or leveling out, and it was unlikely to continue rushing.

As a result, the hot market did not weaken at all. A huge amount of off-market funds accelerated into the market, and the funds brought in were like a sufficient amount of gasoline poured into the engine, and they continued to run at full speed. The two cities continued to rise.

At 13:07, the major market software popped up a small window alert:

[The Shanghai Index recovered the 2,900-point integer mark, the big financial concept continued to rise, and stocks such as Xinhua Insurance and Zhongguo PICC closed their daily limit. 】

At the same time, the first stock king of Big A continued to rise at the opening in the afternoon, the securities sector rose by more than 8%, and led the index to continue its upward trend.

At 13:13, the major market software once again popped up a small window alert:

[The Shanghai index has risen by 2,928 points, and has risen by +20% since January 4. The three major indices have all risen by more than 20% since October last year. shares have officially entered a technical bull market. 】

At this time, the 160 million shareholders of the two cities were all as excited as they were fighting chicken blood, and they all shouted that the cows were coming.

The term technical bull market was coined by Wall Street in North America. Generally speaking, it refers to an increase of more than 20% in the short and medium term. At this time, the market activity usually increases by a large margin. Some technical analysts who look at indicators and Saturn Investors will accelerate the pace of capital entry.

A lot of off-market money is really running into the field in a big way.

At 13:20, the major market software popped up a small window alert:

[Tiansheng Holdings rose +7.82%, and its share price and market value both hit a record high of 50,003.34 yuan per share, the first time it reached the 50,000-yuan mark, and the total market value reached the 4 trillion yuan mark for the first time. 】

At this moment, the popularity of the time-sharing charts and comments of the stock king is unprecedented.

"50,000 yuan per share, with a total market value of 4 trillion yuan, the Nima universe is the end!"

"Wodemaya is 4 trillion, what is this concept? The total market value of the Shanghai Index is only 32 trillion, and the stock kings alone account for 12.5% ​​of the weight ratio of the main board or 6.89% of the entire big A."

"In the case that other stocks do not rise or fall, it is equivalent to a stock king's daily limit can increase the index by +1.25%, worthy of being the first stock king of big A... [cover your face] [cover your face] [cover your face]"

"I bought 300 shares on the day of the stock market listing in 2016 and held it till now, the cumulative rate of return is +812.76% (including dividend income), the cost per share is 6,253 yuan, and the market value of the position is 15,001,000 yuan. Today I plan to sell it and transfer it in. Bank card, I found that it can't work, oh, it turned out to be a simulated account."

"Hahaha~~"

"Is the stock king going to hit the daily limit today? Crazy, crazy, crazy!"

"Yesterday, I went to my girlfriend's house to meet my parents. My girlfriend's family is probably well-off. My uncle and aunt asked me how much I would like to give to marry their daughter. I briefly reported my situation. 1,200 shares of Tiansheng Holdings, willing to give 100 shares as a dowry gift. Uncle and aunt frowned when they heard this, and were very unhappy to object to the marriage on the spot. A man who had no food and was disheartened came back, and a few days later My girlfriend keeps calling and saying that my uncle and aunt agree with this marriage very much, gods, what should I do?"

"How many dishes are you drunk like this!"

"Come here, brothers, eat vegetables, don't just patronize and drink."

"1,200 shares of Tiansheng Holdings, the current market value is more than 60 million. Brother, if you want to say that there are less than zero, there are 120 shares in total, and 10 shares are given as a betrothal gift or something, maybe I will believe it... [hands funny]"

"The daily increase is +9.27%, and the stock king is going to join the board again today? It's too much!"

"It looks like you want a board!"

Gu "The turnover of 28.9 billion yuan, tsk tsk tsk..."

"The board has been made, and the first entry into the second board has been successful, and the stock king is bullpen!"

"66666, the securities sector has directly hit the daily limit."

At 13:23, the major market software pushed the latest news:

[In the afternoon of the securities sector, the daily limit of the whole line, Tiansheng Holdings rose +10.00% to close the daily limit of the board, the turnover expanded to 30 billion yuan, the stock price was 51,014.36 yuan, and the total market value was 4,081.1 billion yuan]

The daily limit of Tiansheng Holdings pushed the market prices of the two cities to a new peak. The daily limit frenzy of the securities sector led the market to go up all the way. The Shanghai Stock Exchange rose by 5%, and the market rose by more than 5 points. The skyrocketing is used to describe today's two cities. The market is not exaggerated.

Especially in the securities sector, the daily limit of the sector has continued for two trading days. Even if investors buy an ETF, the cumulative yield has reached +72% since October 19 last year, even from January 4 this year. The cumulative increase has also reached +46.5%. In the current market, even if you hold ETF funds, the income is not worse than that of individual stocks.

The returns of many individual stocks can't even outperform securities ETFs, which is why the big A investors are so stubborn in the securities sector. Although they are scumbags, every time the other party makes a move, the investors can't bear it anymore. It's the fear of not coming and the fear of chaos. From a certain point of view, this is also the characteristic of scumbags.

It has to be said that the investors are still very stubborn when it comes to nicknames.

It is worth mentioning that after Tiansheng Holdings stepped out of the second daily limit today, the cumulative increase this year has also reached +38.5%. Although it underperformed the increase in the securities sector, it was far stronger than the broader market.

The most important thing is that Tiansheng Holdings has been constantly hitting new highs in the past year. Last year, the market fell from 3587 to more than 2400 points, while Tiansheng Holdings has more than tripled last year, out of A super strong counter-cyclical market.

After the stock king walked out of the second daily limit today, the cumulative increase since the backdoor listing has reached +1836.31% after the restoration of the rights, the return on investment of 18 times in three years, and the blue-chip big white horse that is ten times in ten years is legendary. Only Tiansheng Holdings is the blue-chip big white horse that can accommodate a super-large-scale fund in three years and eighteen times.

It is also worth mentioning that before the disclosure of Tiansheng Capital's annual financial statements, the company's static price-earnings ratio was about 15 times.

Now that the annual report has been disclosed, the earnings far exceeding market expectations have also brought Tiansheng Holdings' static price-earnings ratio to 6.11 times~www.mtlnovel.com~ Now it is basically the same as the big A bank stocks, only the price-earnings ratio is higher than The first line of the universe looks like twice as much, but the net profit scale is equal to two first lines of the universe.

The company's latest price-to-book ratio is 1.31. There is no doubt that Tiansheng Holdings' assets are still undervalued even though it has skyrocketed and its market value has reached 4 trillion.

However, valuing a listed company is extremely complicated. Tiansheng Holdings has its own special nature. Although its earning ability greatly exceeds the expectations of various investment institutions and analysis institutions, the risks are not small, especially the risk of key persons. ,

To put it bluntly, the reason why this company is so profitable is that Lu Ming's personal factors can even account for more than 70%, or even higher. Will he be able to maintain this kind of earning ability in the long run?

The answer is hard to say, really hard to say, the risks here are quite big.

Although it is outrageous to give 30 times the price-earnings ratio, it is quite reasonable to put the actual performance on the ground.

At a P/E ratio of less than 10, asset prices look clearly undervalued but also reasonable from a risk exposure perspective.

Therefore, valuing Tiansheng Capital is also the most troublesome thing in the capital market at present. It is reasonable to give a high price-earnings ratio, and it is reasonable to give a low price. It is really not good for valuation.

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