Chapter 435: Value Investing? Waves are King!
With a "woof woof", Liu Tingting was instantly speechless: "Boss, you are too shameless. After all, you are a billionaire."
"Haha, as long as I can make money, who cares? Just work hard and pick out some stocks for me."
"How do you know you can definitely make money? It's just a small change today."
"I can earn it, don't worry. I'm leaving first." Gu Junhao said confidently.
I don’t know about other things, but I can definitely make money on Junzheng. This stock hit the limit down yesterday and rose nearly 5% today. Gu Junhao is not sure whether it has bottomed out in the short term.
But with Junzheng's current price around 23 yuan, making money is certainly a piece of cake. I have the impression that this stock seems to have risen to around 200 yuan.
Just because he doesn’t like investing in technology stocks doesn’t mean that Gu Junhao knows nothing about them.
If it is a personal transaction, like the market situation in 2018, Gu Junhao will definitely not enter the market for a long time after clearing his positions and will wait until the bottom is determined.
But Junshi Price Investment cannot hold a short position. No matter how small the position is, there will be holdings worth tens of billions of market value. It is impossible to let it continue to fall. This would be irresponsible behavior.
We have to find some stocks that can rise in value to make up for the loss, but then again, the stock prices of these technology stocks are really cheap now.
If it weren't for the sudden madness of the president on the other side of the strait, given the current popularity of blue-chip stocks and super brands, it is hard to say when they would rise again.
It is actually easy to see at a glance how many stocks there are in the top and popular industries and which ones are the leading stocks.
Given the current scale of Junshi Capital, Gu Junhao no longer needs to deliberately select stocks. The professional research team will deliver the necessary information to Gu Junhao.
Such a decision may seem arbitrary, similar to a retail investor buying a stock on a whim, but it is actually quite rigorous.
However, due to Gu Junhao's casual words, Liu Tingting will have to work overtime tonight.
I will select a group of technology stocks that I think are more suitable from the research data and start building positions tomorrow. This is a relatively large amount of work.
…
On February 8, the Shanghai and Shenzhen stock markets continued to open lower. As the focus of the previous 2:8 differentiation market, the Shanghai Composite 50 Index and the CSI 300 Index continued to decline after trading officially began.
With the break of Industrial and Commercial Bank of China, the newly listed Xinhang Bank also joined the ranks of selling off today. Since January 29, value investment has repeatedly called investors.
This has to be said to be ironic. To be honest, Gu Junhao supports value investing. Buying stocks with excellent performance and stable industries will definitely have better security and profit expectations than those junk stocks.
But in the A-share environment, once an excellent sector or stock is targeted, major institutions, both large and small non-tradable shares, are eager to take up all the gains of the next decade or so in one go.
The stock price was desperately pushed up, soaring tenfold within a year. Such growth stocks are everywhere, and then they were sold off and the investors ran away, leaving the mess to the market and retail investors.
Can't we just have a slow bull market? The greed of capital, killing the goose that lays the golden eggs, and incompetence are all vividly demonstrated in the A-share market.
Rubbish!
So it’s not that investors don’t believe in value investing, but in a market that only knows how to hype and reduce holdings, there is no market for value investing at all.
In the A-share market, the real king is only the band!
Blue chip stocks are continuing to decline, and small and medium-sized start-up stocks, led by the ChiNext, continued their upward trend today after yesterday's V-shaped reversal.
Even Lay's, which had been hitting the daily limit after resuming trading, had its stock price opened today, which was a huge blow to the company. The stock price of Lay's, once the king of the ChiNext, has now fallen to today's opening price of 4.34 yuan.
The chip semiconductor and 5G sectors, which moved abnormally yesterday afternoon, continued to rise today. Zongheng Communications was the first to close the board during the session, triggering the market.
"It looks like we need to make an 80:20 conversion. For shareholding, we can try to select more GEM stocks, mainly pharmaceutical and technology stocks."
"Okay, no problem. Our style needs to change. Previously, we have been holding mostly liquor stocks. In the fund comment area, everyone has been guessing how much the stock will fall this month."
"Then let's all work harder and try to reduce the decline so that investors can have a good new year." Gu Junhao said with a smile.
"Speaking of the New Year, Boss, when can you give us a long holiday? The proprietary trading team has already started to be happy."
Then, Liu Tingting added sourly: "Even half of the people at Junshi No. 2 have gone on holiday early."
"When they are on holiday, they are basically empty and don't have much work to do. It's different here. Besides, I'm not on holiday either."
"Alas, public funds cannot have short positions. This rule is really hard to say. Isn't it equivalent to not allowing investors to sell after they have made money?" Liu Tingting sighed.
"As for the rules, we still have to abide by them, but don't worry, everyone will find an opportunity to take turns to take a long vacation after the New Year."
"Then thank you, boss. Long live the boss."
"Long live the boss!"
"Hehe, that's more like it, thank you, boss."
"Okay, build your position well and trade well. I'm leaving first. In the next few days, you should follow today's pace of building positions."
"Okay, I understand." Liu Tingting nodded.
As the Chinese New Year is approaching, Gu Junhao can't stay in the trading room all the time. Now that the company is getting bigger and bigger, various social engagements from time to time take up too much of Gu Junhao's time.
For example, this afternoon, relevant departments in the district will come to inspect and express condolences; the leader is of a high level, so Gu Junhao has to come out to receive them in person.
Now that I think about it, the most comfortable time was the period after Junshi No. 1 completed its fundraising . With a considerable amount of funds in hand, four people in the trading room were trading quietly.
"Have I gotten old? Why do I suddenly miss the past? Isn't this something only middle-aged people can do?" Thinking of this suddenly, Gu Junhao couldn't help but cry.
If I count my two lives, I am indeed a middle-aged man. It is understandable that I have some nostalgia for the past.
Once you leave the trading room, you can't go back in. Gu Junhao looked at the cubicles filled with employees. From their expressions, it seemed that many of them were slacking off.
After being a boss for several years, Gu Junhao is no longer the newbie with no management experience in the company. He can tell at a glance whether employees are working hard.
But it’s nothing. Today is the 23rd day of the twelfth lunar month, and it will be the new year in another week. It is normal for ordinary employees to be distracted from work at this moment.
When a company is doing well, anything can be covered up. But when a company starts checking attendance and controlling how long employees spend in the toilet during working hours, there is no need to stay in this company any longer.
He walked quickly towards his office. On the way, employees passing by greeted Gu Junhao from time to time, and Gu Junhao nodded in response.
"We can take a few days earlier for the New Year holiday this year. You can discuss it with the administrative department." After returning to the office, Gu Junhao said to Li Xinyu.
"Ah? Okay." Li Xinyu responded after being stunned for a few seconds.
The boss seems a little abnormal these days. He is always thinking about spending money and giving benefits to employees. He also changed his car from Mercedes-Benz to the domineering Cullinan, which is very showy.
In addition, several luxury models were purchased, which are usually used by senior executives.
However, thanks to the boss's show-off attitude, the right to use the previous Mercedes-Benz now belongs to Li Xinyu, which Li Xinyu is quite satisfied with.
We also donated a lot of supplies to some surrounding schools and community police stations, donated hundreds of the latest computers and other equipment to our alma mater at one time, and gave a lot of money to welfare homes. All of this was done in the name of the company.
Now he is planning to let the company's employees take a few days off in advance. I don't know what he is thinking.
"Maybe it's because I gave birth to a son?" Li Xinyu thought to herself dejectedly.
However, it is understandable to take a few days off today. Investment in the primary market has basically been suspended at the end of the year, and in the secondary market, only Junshi Price Investment has a relatively heavy position.
Generally speaking, the company's workload was not very heavy during the few days before the New Year.
"By the way, Boss, we spread the word that we wanted to buy an office building, and many developers called us, including those in areas outside of Beicang District."
"Oh? Really? Let me have a look. We won't consider any locations outside of the North Warehouse District for now. There's no need to move the company out."
"Okay, I'll go get the information. Also, I've already arranged the inspection for this afternoon."
"Okay, got it. I came out of the trading room for this matter. Go and tell the administration department to get everyone to cheer up and pretend not to slack off this afternoon."
"I see."
Just kidding. I've been doing business locally for several years and have basically established a network of relationships. I can't be considered a local bully, but at least there aren't many foolish people here who would cause trouble for me.
Moreover, the inspection and condolences in the afternoon were also related to the news of buying a building. A company with tens of billions of cash flow was preparing to buy a building locally. This was undoubtedly a very good signal, and it was impossible for the district to have no expression at all.
In the past two years, Junshi Capital has invested in many local physical enterprises, including Xushen's IPO, Tuopu's large-scale share issuance, and Star Source Technology and other large and small enterprises.
All of this has promoted the development of the company and the local area to a certain extent. As the first company invested by Gu Junhao, Berning Auto Parts has already planned to open a branch in Beicang District.
Although the combination of finance and entities has always existed, not many people have really put their heart into it. Junshi Capital's model is undoubtedly an exploration of the finance plus entity model.
If successful, it will undoubtedly be a great supplement to the economic environment of Beicang District and allow the manufacturing industry to regain its glory to a certain extent.
