Chapter 79: After-hours earnings announcement
On the evening of April 21, 2014, Dafu Technology released its first quarter performance report. In the first quarter of 2014, Dafu Technology's operating income increased by 54.78% year-on-year, and its net profit after deducting non-recurring items increased by 14565.54% year-on-year, with a return on net assets of 12.16%. The announcement also disclosed information on the top ten circulating shareholders. Two funds of the Danshuiquan Group hold a total of nearly 4 million shares, ranking the seventh and tenth largest circulating shareholders respectively.
"So they were waiting here. It seems that the rise at the end of the trading day was because someone knew about the financial report in advance." Seeing this, Gu Junhao also realized.
Dafu Technology's first-quarter performance exceeded market expectations. The originally expected revenue growth of 26.2% increased to 54.78%, and its net profit after deducting non-recurring items also increased by nearly 15 million. The performance exceeded expectations. No wonder some funds entered the market at the end of the trading day to take a gamble.
At the same time, the trader of Dafu Technology also vaguely surfaced, namely the Danshuiquan Group. At least five of the top ten circulating shareholders have affiliated relationships with the company. These people are not allowed to participate in short-term trading. The only ones who can manipulate the stock price are the Danshuiquan Group.
Danshuiquan is a private equity fund company that mainly engages in private securities investment, overseas hedge institutions and institutional business. It is very famous in the industry, with a scale of hundreds of billions. It was founded by a former public fund star manager.
"With private equity funds operating the market, no wonder hot money is frequently flowing in and out." It seems that they are cooperating with hot money, and everyone is working together to push up the stock price, but this is not considered a violation of regulations.
The financial holdings ended on March 31, when the stock price was less than 20 yuan. So far this month, in the 14 trading days, the stock price has risen by 50%, and the trading volume has reached 3.661 billion yuan, with an average of nearly 265 million yuan per trading day.
"It should be that they are selling while pulling up. It seems that the market is about to end." Looking at the data released in the financial report, Gu Junhao also analyzed.
Judging from the current trend of the two markets, the overall market conditions in the rest of this month will not be good. It will be very good if it can maintain the trend of sideways fluctuations. Otherwise, there will be a big drop. If the main funds of Dafu Technology want to ship the goods perfectly, then they can only pull up against the market trend.
It is no wonder that Dafu Technology frequently moves in a completely opposite trend to the index. If the market falls sharply in the coming days, it will be easier to explain the rise. After all, the performance exceeded expectations, and the main funds are really cunning.
"It all depends on the performance of the main players. I don't know if tomorrow's market will be the same as on March 28th, with the market rising and falling." Gu Junhao muttered.
"Brother Gu, what do you think of Dafu Technology's first quarter financial report?" This was the message from Su Mingyu. The two of them usually exchanged some stock trading experiences and views on the market on QQ.
Gu Junhao doesn’t like to use WX very much. Whether it was his stock trading habits in his previous life or his work habits before traveling through time in this life, he is still more accustomed to using the computer.
The fact that WX needs to verify its login via mobile phone when logging into the PC makes people who are used to computer operation speechless. And the long voice mode is simply a torture to people in Gu Junhao's opinion.
The most disgusting thing is that it claims to be small and beautiful, but as updates occur, the space it takes up on the phone's memory becomes larger and larger. It can be said to be shameless.
"What do you think?" Gu Junhao did not answer directly. He also wanted to hear Su Mingyu's opinion. Although Su Mingyu was not very old, he had been exposed to stocks for more time than most retail investors.
"It's beyond market expectations. Based on its first quarter performance this year, I think it's possible for its stock price to rise to more than 50 yuan."
Although Su Mingyu would also follow Gu Junhao's operations, he was different from ordinary retail investors . He did not follow blindly but had his own ideas. This can be seen from the fact that he was able to choose Zhongqingbao and Wangsu Technology stocks and decisively hold all of them.
The stock market is an ever-changing place, and the trading methods of the main funds are not static. You can participate in other people's opinions, and you must bravely admit those who are better than you and learn from their strengths, but you must also have the ability to think independently, which is the key to survival in the market.
It is obvious that Su Mingyu understands these principles. He will choose stocks based on industries, concepts, and trends. However, due to the limitations of his age and experience, he still lacks experience. However, his communication with Gu Junhao in the past year has also made him make considerable progress .
Based on Gu Junhao's reminder, Dafu Technology analyzed the financial statements and industry background and slowly built up its position during the time period when he thought it was appropriate to buy. The position was completed earlier than Gu Junhao.
After Su Mingyu completed his position building, he held a total of 100,000 shares, which he had never moved. If the price can reach his expected level of over 50 yuan, the funds will reach 5 million, which is exciting to think about.
This is also the reason why Su Mingyu couldn't wait to communicate with Gu Junhao after analyzing the financial report. In a unilaterally falling market, he was able to select a stock with an independent trend. I don't know how Brother Gu chose it in the first place.
"Oh, so are you going to get 50 yuan?" Gu Junhao said with some surprise.
Gu Junhao had never mentioned his expectations for Dafu Technology to anyone. His previous expectation was that it would increase by about five times from the bottom, and Su Mingyu's opinion was similar to his.
However, Gu Junhao had his own considerations and did not intend to get the expected price, so he asked this question.
"Well, yes, I plan to sell it at around 50 yuan. What about you, Brother Gu?" Su Mingyu replied.
"Me? I'll look at it based on the specific circumstances, but your analysis is similar to mine."
"Brother Gu also thinks so?"
"Well, I may not be able to get this price, but since you have your own analysis, you can try to get it."
"I understand. Everyone has different funds and positions, so their considerations are naturally different. I got my predictions wrong for the last two big bull stocks, so I want to try again this time."
"That's good. It's . You can't always follow other people's ideas when investing."
"Then I'll try it. Is that okay with you, Brother Gu?"
"What do I have to say? You are free to buy and sell. I don't own the stock. On the contrary, I admire your independent thinking and execution."
"Okay, I'll try it. Anyway, I'm studying now and I don't have much money to spend all at once. I still have a lot left after I built a position last time."
As for the time cost, I am a student, not a professional stock trader like Brother Gu. Considering the capital utilization rate, the time cost can be completely ignored.
Su Mingyu also knew that the price of 50 yuan was just his expectation, and even if it could be reached, it would not be achieved in a short time.
"Just hold your shares and study hard. We may have the chance to work together in the future." Having a friend who grew up with you, has the same hobbies and is of similar age, maybe the two of you will really have the opportunity to work together in the future.
"Haha, Brother Gu, you are too kind, but I also need to study hard and improve myself, and try to keep up with Brother Gu."
