Chapter 464 "Junshi Concept Stocks"
After arriving at the company in the morning, Gu Junhao also learned about the news of the US stock market crash last night.
Not surprisingly, the most discussed topic among retail investors in the morning trading was the impact on A-shares.
A low opening is the general expectation. As for the trend after the low opening, some investors tend to be optimistic and believe that the market will open low and close high.
Some investors believe that the A-share market will open low and close low as before, and the performance will not be much better.
Among them, the majority of investors prefer a low opening and a low closing, and the overall market sentiment is still pessimistic.
This is understandable, as the only good days in October lasted only two days.
Investors' sentiment was unstable, and the overseas market was plummeting. Investors, who had been suffering from declines throughout the year, were like frightened birds at this time, and would be afraid to move at the slightest sign of trouble.
At 9:25, the Shanghai and Shenzhen stock markets jumped sharply downward without any surprise.
The Shanghai Composite Index closed at 2540.93 points and the ChiNext Index closed at 1245.30 points, down more than 60 points and 40 points respectively, with a drop of more than 2.5%.
On the news front, the first rescue measure was released this morning. The China Banking and Insurance Regulatory Commission allowed insurance asset management companies to set up special products to participate in resolving the liquidity risks brought about by stock pledges.
Judging from the timing of the release, it is unclear whether this was an early preparation or a response to last night’s plunge in US stocks.
"Hey, that's pretty ruthless. The upward gap was directly filled. But this is also good. I guess there should be more funds for bottom-fishing."
The index fell sharply, but Gu Junhao showed no panic at all, and this mentality directly affected the traders.
Seeing that the boss was so calm and still bullish as ever, everyone thought there was nothing to be afraid of and continued to operate according to the pace of the previous two trading days.
In fact, Gu Junhao was lucky. He had no idea about the sharp drop in US stocks last night, and it was impossible for him to get the news in advance.
However, due to the previous position strategy, starting from Tuesday, the 23rd, Junshi Group has begun to gradually reduce its holdings in some weakening technology sector stocks.
After two days, the positions of both Junshi Price Investment and Junshi No. 2 have changed greatly. All this is just to free up positions to bottom out in the liquor sector.
Therefore, many times, it is very important to have a correct trading system and be able to execute it very disciplinedly.
If not for this, the technology sector, which opened more than 3% lower on average today, would have been very passive in the fully invested state.
"It is very important to be able to stabilize the situation today. If we can't stabilize it today, we will continue to hit rock bottom."
"Isn't that great? We are accelerating to take the market bottom, but it shouldn't be a problem to stabilize today. Individual stocks opened relatively low, but they are basically above the support level."
“Let’s see how it performs after the market opens.”
While chatting with Liu Tingting, Gu Junhao stared at the market. Compared with other sectors that followed the decline of the index, the liquor sector that has been the focus recently seems to be unusually strong.
After Maotai Liquor reached the top of 700 yuan again a few days ago, it opened less than 1% lower today, as if nothing had happened.
"Something is a little bit off. How much?" Gu Junhao thought with some confusion.
Logically speaking, the Shanghai Composite Index opened with a drop of more than 2.5% today. Maotai Liquor Industry, which is closely related to the index, should not be so strong.
What's more, although the liquor sector has also rebounded recently following the rebound of the index, its overall increase is still weaker than the index and other sectors.
The recent trend of US stocks is somewhat similar to that in February, and A shares were deeply affected by US stocks in February. Today, they also opened sharply lower due to last night's sharp drop.
Thanks to the support of a series of policies, A-shares achieved a big rebound at 2449 points. Whether they can develop an independent trend today and open low and close high is the best verification of the policy.
At the same time, it is also the best time to get rid of the influence of US stocks this year.
At 9:30, trading officially began, and it was time to test the quality of A shares.
After trading in the Shanghai and Shenzhen stock markets officially began, the index did not open low and then fall rapidly as in the previous period. After only a slight decline, it quickly rose!
ChiNext constituent stocks are still in the lead. Dongfang Fortune, Tong Huashun, Ning Wang and other stocks with relatively heavy index weights or recent hot stocks have all achieved rapid growth after opening sharply lower.
"Not bad. These popular stocks opened at the lowest price, and the trading volume was also good when they were rising. It looks like today is worth looking forward to."
"Can panic only last for one call auction? If so, this policy bottom is still quite useful."
"Hehe, what a great opportunity. I can be a good big tank today. I have already entered Dongfang Wealth."
"It's stable. It's been more than 10 minutes. The index and individual stocks have not shown any signs of retreat and are still moving upward."
Gu Junhao was also watching the market at this time. It was already 9:40, and the UEFA Champions League Anti-Index had risen from a net decline of more than 3% to a decline of 2%.
All the GEM constituent stocks achieved an increase of more than 1%, and did not fall like the index, which seemed very strong.
At the same time, the Shanghai Composite Index also opened low and ended high.
The words of the traders' discussion reached Gu Junhao's ears, and as the index rose little by little, he seemed to be able to feel that the A-shares were different today.
The A-shares have been rising in the past ten minutes or so, and from the formal point of view, they have shown signs of breaking away from the influence of US stocks.
In contrast, the liquor sector, led by Maotai Liquor Industry, opened stronger than the index. While the index opened low and ended high, the overall downward trend of the sector was very obvious.
Maotai Liquor, which opened down 0.5%, had fallen as much as 2.02% by 9:50, with its share price at 679.03 yuan.
The opening price is the highest price, and there is no sign of rebound.
"Hey, liquor is going to be in trouble today. It looks like it will continue to fall today."
Yes, it was because of the policy support that the downward speed of the entire liquor sector was slowed down. When the market really entered a period of differentiation, it was reasonable for it to continue to fall.
At 10 o'clock, following the rapid decline in the morning, Maotai's trading volume increased again, with the stock price at 667.30 yuan, a drop of 3.71%.
The declines of stocks in other sectors were all above 3%, with the largest drop exceeding 5%. At this time, the Shanghai Composite Index had rebounded nearly 20 points!
Some investors noticed the overall decline in the liquor sector, but not many cared.
Liquor is a magical sector for ordinary investors. According to Gu Junhao's understanding, during the previous liquor boom of several years, it seemed that not many retail investors made money from it.
For this sector, it seems as if everyone knows that it will rise, but no one buys it. Instead, it is only at the end of the market that many retail investors take over.
Gu Junhao doesn’t know the specific reason. On the one hand, it may be that the liquor sector as a whole is trending, and when retail investors discover it, it is often at a relatively high level.
At this time, retail investors are no longer willing to buy, and the more they are reluctant to buy, the more the stock price will rise under the trend and the impetus of group funds.
On the other hand, it may be related to Maotai’s unaffordable stock price. When thinking of the liquor sector, the first thing that comes to mind is Maotai Liquor.
This is a leading stock that has been badly criticized by stock investors and major self-media. The public scoffs at its rise and even gives it a stigma like "Jiangxiang Technology".
Those who think that the rise in liquor prices is a blow to technology are actually jealous.
Who says that liquor stocks won’t rise? At least they don’t need to cheat for subsidies. All performance and profits are given by the market.
Take Maotai for example. Putting aside the status of its products in the country, just looking at its steadily growing performance, annual dividends, and not-so-large high bonuses and share transfers, it is an excellent company.
People criticize him only because they are jealous of him. Since the beginning of its listing, there are not many A-share stocks that can outperform domestic housing prices. Maotai is one of them, and it also has the most stable annual compound rate!
From this point of view, this is a real stock, much better than those technology stocks with big ups and downs.
There is a very interesting data. When Gu Junhao was bored about his past and present lives, he read some online novels. Among them, a large proportion of the novels he chose were those about Maotai, who were about being reborn in the past like himself.
There are many people who dislike Maotai, just like Liu Tianxian in those novels about celebrities. But if one can buy Maotai for a few dozen yuan per share, no one will refuse.
At 10:30, an hour of morning trading had passed, the Shanghai Composite Index's decline had narrowed to less than 1%, while Maotai's decline had widened to around 5%.
Some stocks that have been strong recently have turned positive after rising from lows.
In one hour, the index rose by nearly 2%. The way it rose was not a pulse-like rise with unlimited volume, but a slow upward trend, which was very healthy.
The reversal of ranks is beyond doubt. After the call auction this morning, A shares have officially gotten rid of the influence of foreign markets!
“Not bad. When you do T, remember to control your position and don’t exceed 70%.”
"clear."
The decline of liquor prices today is very fierce. It seems that the decline of Maotai today cannot be stopped. It is rare to see Maotai prices drop by more than 3% in a day.
You know, if there was a drop of more than 2% before, it would be considered a big drop for Maotai.
And in less than an hour today, Maotai has already fallen by 5%. The opportunity is finally here!
At this time, you must remain calm, control your positions, and wait quietly for the real opportunity to bottom out in the liquor sector.
One hour of trading in the morning confirmed the trend of A-shares opening low and closing high. One hour later, the panic sentiment in the morning trading of Shanghai and Shenzhen stock markets gradually stabilized.
Without panic, the performance of the Shanghai and Shenzhen stock markets was even more impressive in the afternoon. The Shanghai Composite Index, which had fluctuated nearly 3% throughout the day, even turned positive at the end of the trading day.
The trend of opening low and closing high, although the three major stock indexes still closed in the negative today, the almost bare-headed and bare-footed big positive line on the K-line did boost sentiment.
Friday, October 26th.
On the last trading day of this week, the China Banking and Insurance Regulatory Commission further detailed the policy on equity investment by insurance funds yesterday, and the China Securities Regulatory Commission also released a revision plan for relevant regulations on share repurchases this morning.
Several major measures announced previously are being implemented step by step. A-shares were divided again today, and the liquor sector continued to fall sharply.
After yesterday's big rise, the Shanghai and Shenzhen stock markets also diverged and closed slightly lower.
Today to October 31st is the last date for the release of the third quarter reports of the Shanghai and Shenzhen stock markets. Among some of the previously released third quarter reports, the Junshi Group can be said to have performed extremely well.
It has appeared among the top ten shareholders of listed companies for many consecutive times, including Xushen Group, which continues to increase its holdings, but these are listed companies with not very large market caps.
The purchase volume can range from 100 million to several hundred million yuan. According to the current volume of Junshi Group, although it is impressive, it is indeed nothing.
However, in Ningwang’s third quarter report released after today’s closing, the Junshi Group really showed off.
In the third quarter, or to be more precise, after October, Junshi Group increased its stake in Ningwang through its three major sectors, with its shareholding increasing from 71.4286 million shares to 105.72 million today.
With a shareholding of 4.82%, it is still the fifth largest shareholder.
But fifth and fifth are not exactly the same. Previously he was the fifth largest circulating shareholder, and now he is the fifth largest shareholder of King Ning!
Based on Ningwang’s closing price of 80.91 yuan, which surged 5.08% today, Junshi Group’s total holdings in Ningwang are worth more than 8.5 billion yuan!
Including China News Service, which closed at 17.44 yuan today, Junshi Group's holdings in these two stocks have exceeded 15 billion yuan.
Ning Wang alone accounts for almost 10% of Junshi Group’s total cash flow, making it its undisputed largest holding.
Gu Junhao finally realized his ideal at the beginning of his rebirth: "Becoming one of the top ten shareholders of a blue chip stock."
Just like completing a game, after being reborn, another big dream has come true. This feeling is really great!
Ningwang's current market value is below 170 billion yuan. Although Junshi Group's large-scale increase in holdings was made based on investment strategy, it has become a capital force that cannot be ignored for Ningwang.
Prince Ning in 2018 was just a new darling of the capital market, and his status in the world was far from that of later generations.
The large-scale purchases by Junshi Group will certainly not affect the specific direction of the company, but it cannot be ignored by the management.
Moreover, this method of buying below 5% does make the management and some other capital parties very uncomfortable, because Gu Junhao can cash in his shares anytime and anywhere without notifying them.
But at the same time, the 4.82% stake also became the focus of capital struggles among various parties. Before the annual report was officially released, Gu Junhao received many calls.
Ning Wang's equity structure is not dominated by a single company, nor is it a leading state-owned enterprise like Sino-Singapore Telecom. No one would think of doing bad things to a new capital holding a large number of shares, they would only try to win it over.
Moreover, these venture capital institutions learned through their own channels that they could not suppress Gu Junhao even if they wanted to.
There is no other reason. In their opinion, Gu Junhao is just too cowardly!
Apart from occasional travel, some meetings, business trips and the like, he never leaves Ningbo City, or even Beicang District!
When the information survey was passed to various venture capital institutions, everyone was complaining in their hearts.
"Is there something wrong with this kid? He used to go out for research a few years ago, but after his child was born, he stopped going out for research and left everything to his subordinates. I am really impressed."
"Damn, if I want to find him I have to go to Beicang. I've never seen such a homebody capitalist!"
"This guy is just a geek. How did he make his money? And judging from his cooperation with the locals, it's as clean as the information says!"
"High school education? That's outrageous. Can he understand the technical terms I'm using?"
Venture capitalists are paying attention to Gu Junhao. Some philanthropists on the Internet, or Gu Junhao's fan groups, are calculating the total market value of A-shares held by Gu Junhao based on public data as the financial reports of various companies are released.
At the same time, Gu Junhao held 24.256 million shares, surpassing Huijin to become its fourth largest shareholder and Tong Huashun, the largest circulating shareholder.
This weekend, he quietly updated his concept stocks, and a new column appeared among the newly added concept stocks: "Junshi concept stocks!"
The concept stocks include all the stocks that Junshi Capital currently lists as the top ten shareholders, as well as a series of holdings announced by Junshi Value Investment.
Even on weekends when there is no trading, this concept stock quickly attracted the attention of all parties due to the concentrated release of financial reports.
