The Road to Rebirth Finance

Chapter 456 Waiting for the flowers to bloom
The weekend did not usher in any substantial benefits, and there was another sharp drop on Monday. The Shanghai Composite Index closed at four consecutive negatives, barely holding the 2700-point mark.

The GEM index reported 1440.80 points, a daily drop of 2.75%. Since the 26th of last month, in eight trading days, the GEM index has fallen by 200 points.

The speed of the decline of the ChiNext is obviously faster than that of the Shanghai Composite Index. If calculated according to this rhythm, the ChiNext Index may bottom out before the Shanghai Composite Index.

In a market full of mud and sand, whether it is for institutional investors or ordinary investors, there is no other way but to wait for the bottom.

For investors who are still in the market at this position, it is obviously impossible to cut the meat again. The market has fallen by 800 points, and individual stocks can no longer afford to cut it.

And it is obviously not the time to buy the bottom. No matter how hard you struggle between 2700 and 2800, the designation must be broken. This is the consensus of the current market.

MY friction is still in the process of upgrading. There are still many companies that receive the same treatment as Sino-Singapore Communications. Now the market has not fully adapted to this model, and sharp drops will still occur from time to time.

After the sharp drop in the two markets on Monday, Gu Junhao also started to live a bad life and stopped going to the trading room. The sluggish market is very boring.

For the next period of time, Gu Junhao is going to do his best to find the candidate for the CEO, and strive to free himself from daily affairs.

Since the beginning of the year, Gu Junhao has been looking for a CEO candidate through his personal connections.

As a start-up company, Junshi Capital has actually gone through the stage from 0 to 1. The boss's personal ability is beyond doubt, and there are actually not so many requirements for the CEO candidate.

In addition to the need for a certain strategic investment vision, the specific work is only the handling of some daily affairs, the optimization of the company's profits, inventory and cash management, and so on.

To put it simply, it's just doing chores. In addition, you also need to do something that offends others. Some old employees in the company whose business ability can't keep up, Gu Junhao, the boss, is inconvenient to come forward. The new CEO is the best candidate.

The company has gone through the most difficult period, and the next strategy, as long as the boss does not make major mistakes, Junshi Capital's asset management exceeds [-] billion, is already a certainty.

But maybe it is because the work is not difficult and challenging, but the specific candidate has not been decided for a long time.

Those who are aggressive and capable look down on such a non-challenging job, and Gu Junhao looks down on those with mediocre ability.

In fact, such a position is not completely determined by money. Most of them value the sense of professional accomplishment and the feeling of challenge.

In Gu Junhao's mind, the most ideal CEO candidate is probably someone like Guo Yuanwei.

The age is very suitable, the business ability is strong, and I have experienced life changes. Having a stable and fulfilling job can make my heart more peaceful.

In the days after August, Gu Junhao never entered the trading room again. Within a month, the Shanghai Composite Index fell by as much as 5.25%.

The slogan of the 2800-point defense battle was replaced by a 2700-point defense battle. After every rebound, it was an adjustment for several consecutive days, and the market did not have any continuity at all.

The off-market funds dare not enter the market, and the on-market funds dare not move around. After a positive line rebounds, the competition is who runs faster.

The average daily trading volume is about 1400 billion yuan, and the monthly trading volume is less than the three-day trading volume during the bull market period in 2015. Such a market trend, even if the gods come, can't save it.

One month down.The net value of Jun Real Price Investment has retraced to 2.3158, a retracement rate of 7.55% in a single month, creating a new high retracement in Gu Junhao's career as a fund manager.

There are more and more Christians locked in. The fund comment area, which was relatively detailed before, is now full of resentment, and the hostility has begun to rise slowly.

Nine months have passed since the quota was set at the end of November last year, and JunShiPrice still hasn’t announced any release of subscription, which makes investors even more dissatisfied.

There is no chance for people who want to increase their positions by a large amount in order to get rid of the set as soon as possible.

That's right, some investors are like this. The more they get involved, the more they want to increase their positions. The operating logic of most Christian investors is actually different from that of stock investors.

Perhaps it is because there are too few excellent funds in China, and they have been set up for a year or so. From the perspective of Christians, it seems that it is really nothing. Many fund shares of Christians have been set up for several years.

Jimin can also be a stockholder. The strange way of thinking is that Jimin believes that funds can be used for a long time, and they can still buy them when they rise, but they want to buy them even more when they fall.

But stocks, let them hold them for a week, feel that they are long-term. Many times, Gu Junhao does not understand this way of thinking.

Perhaps, in their view, stocks and funds are two different things, or it may be a long-term brainwashing behavior that makes them think that funds are more credible than stocks.

In fact, all financial products are the same, and there is no difference in essence.

In the first week of September, the market was still very sluggish. The Shanghai Composite Index competed repeatedly around 9 points, sometimes falling below 2700 points to close, and sometimes recovering 2700 points.

Within a week, the central bank manipulated a total of 1765 billion yuan, but the market did not react much. In September, the Federal Reserve raised interest rates, which was almost a certainty, and the market wait-and-see sentiment was still very strong.

Since Apple holds a new product launch event in mid-September every year, generally speaking, from the beginning of September to before the new product launch event, it is usually the time node for hype in the A-share Apple industry chain.

However, on the first weekend in September, the commander-in-chief threatened to move the entire Apple industry chain back to China. This kind of unconventional tweeting, the commander-in-chief really knows how to speculate in stocks.

On September 9th, Monday, A-share stocks related to the Apple industry chain fell sharply across the board. Several leading stocks of Luxshare, O-Film, and Xinwei Co., Ltd. collectively fell by the limit.

Among them, the current leader Baima Oufei shares will be kicked out of the industry chain by Apple in the future, which will cause a thunderstorm. A company with a single major customer and an OEM industry, in fact, its fundamentals are very fragile.

Today, the two cities fell again collectively. The GEM index fell 2.5% throughout the day, falling below 1400 points. Nearly 3000 stocks in the two cities were in the green.

It's getting closer and closer to the bottom.

What surprised Gu Junhao the most today was that Dongfang Fortune had a flash crash at the opening, and its stock price went straight to the limit, at 11.12 yuan. Who would have thought that Dongfang Fortune, whose stock price was over 2015 yuan at its peak in 10, has now returned to around [-] yuan again. price.

After 2015, Dongfang’s wealth has increased every year, but the price before ex-rights is less than 25 yuan. Compared with the stock price at the peak, it has already lost five to four.

"Dongfang Wealth around 10 yuan can indeed open a position. Although the increase is not that exaggerated, it is stable and the plate is big."

Gu Junhao, who saw Dongfang's wealth suddenly crashing and falling to the limit in the office, couldn't help but start thinking.

Under the normal rhythm, October should be the bottom of the market's policies. Recently, policies have been introduced in succession, but they are still ignored by the market for the time being.

In fact, high-quality stocks basically bottomed out in October. Dongfang Fortune currently has a relatively large weighting ratio in the GEM. If the GEM is to rise, Dongfang Fortune will inevitably keep up.

From this point of view, it seems that Tong Huashun can also be bought. These two stocks must be bought together.

Tonghuashun's stock price is still relatively strong compared to Dongfang Fortune. Although it was also affected by the flash crash during the day, it did not seal the limit.

Today, Tonghuashun closed at 34.53 yuan, and its stock price fell by 6.95%.

A new generation replaces the old ones, and now the new darling of the GEM is a leading new energy stock like Ning Wang.

However, Ning Wang fell quite badly in August. Since its listing on July 7, Ning Wang, which has a new high of 25 yuan, has fallen all the way after the daily limit.

Today, Ningwang fell another 3.11%, and the stock price closed at 61.35 yuan. Although due to the reason of doing T within the day, Junshi Ningwang is still profitable, but this price has fallen below the price of opening a position for the first time.

King Ning, whose price is around 60 yuan, is definitely worth owning. If it falls, it is nothing more than continuing to increase its position. At present, Junshi holds a total of 7142.86 million shares of King Ning.

Gu Junhao's plan is to buy about 1.1 million shares and increase the shareholding ratio to above 4.9% and below 5%, so as to maximize Ning Wang's interests.

According to the current price range, Gu Junhao can still increase his holdings by about 3850 million shares, and the amount of funds needed is about 23 billion yuan.

"The cost price is between 67 billion yuan and 70 billion yuan. I hope it will stay sideways around 60 yuan for a while, and I can save some money."

The current overall market value of King Ning is around 1332 billion yuan, and the reasonable range price given by the agency is 50 to 60 yuan, and the team analysis of Junshi Capital is also the same.

Although Ningwang in 2018 is highly sought after by the capital market, its actual performance and valuation are only in this price range. Ningwang really entered the fast lane after November 2019.

The performance must have been reflected in the stock price in advance. The reasonable range in 2018 is the lowest point in 2019.

Since 2019, under the support of several consecutive years of explosive performance, King Ning's stock price has exploded ten times, and its market value at its peak was 1.6 trillion yuan.

In 2022 when Gu Junhao came back from rebirth, even after a relatively large adjustment, the market value will still remain above one trillion yuan.

Spend 70 billion to buy King Ning this year, you can have it in a few years, and you can get 700 billion in a few years, and the profit will be even more impressive if you count the profit from the intraday operation!
Thinking about it this way, Gu Junhao is still very excited. It doesn't matter if he holds one stock of King Ning and loses all other investments.

King Ning spent 70 billion yuan to build a warehouse, and Sino-Singapore Communications still has 50 billion yuan in warehouse building costs, which has already removed 120 billion yuan.

And this is just the volume of two stocks. The money in the capital market is really just a series of numbers.

Ten days have passed in September, and there will be Mid-Autumn Festival and National Day next. There are not many days for real trading.

In other words, there is not much time left before the real big bottom of A shares, and it is time to get urgent!

September 9th, Tuesday, today Gu Junhao came to the company earlier than before. As soon as he arrived at the company, he asked Li Xinyu to notify Liu Tingting, Wang Ruoyu, and Xu Jianqing to come to the meeting.

The reason for calling the three of them was to talk about the warehouse building plans that they thought about yesterday. After the three of them came over, Gu Junhao described the warehouse building plans one by one.

Up to now, the abilities of the three of them have been developed through experience, and they only need to give a general direction for building positions, and the holdings are nothing more than those holdings.

"All three of you have sorted out your stock holdings this month, and let me throw away all the messy looking for opportunities. Next month, we will start to formally build positions."

The three had just sat down, and Gu Junhao didn't talk nonsense with them, and set the specific content of today's small meeting as soon as he came up.

It is said that meetings are more useless when there are more people, and useful meetings can often be arranged by a few people; I don’t know anything else, but this is true for the investment in the secondary market of the Junshi Fund Business Department.

"Huh? The boss is about to start showing his strength?" Xu Jianqing laughed and said, the position has not been high this year, and since their group has more T+0 operations, the business volume is not bad.

The business team of Junshi No. [-] Fund is about to be idle, but the market is like this, and the traders have no complaints. It is impossible for the boss to lose money and let them make money.

Gu Junhao looked at the three of them, nodded and said: "Well, yes, next month we will gradually increase the position, and the position will be full by the end of the year, can we do it?"

"No problem, just wait for the boss's words."

"There's nothing wrong with us here, I'll go back and prepare later."

"There is no problem with the public offering fund. At present, there are almost 70% of the positions."

"That's good. Except for the specific position allocation of Sino-Singapore Communications, King Ning will start to increase his position from today, and his shareholding will be controlled below 4.99%. Do you understand?"

"understand!"

"Okay, the following is the distribution of positions. Remember it, and remember to keep it secret in advance. Except for Zhongxin Communication and King Ning, among the funds that can be used, liquor positions account for 30%, medicines account for 30%, and photovoltaics account for 20%. The three stocks of Longji, Sunshine, and Tongwei Group accounted for 20%, and the rest were technology stocks, which also accounted for [-]%.”

Immediately afterwards, Gu Junhao issued another order that shocked the three of them: "When necessary, financing can be used, but you must inform me in time."

"Ah? Boss thinks this is the big bottom?" After a while, Liu Tingting was the first to react and asked.

Since the establishment of Junshi Capital, except for some financing methods used by the boss’s personal account, the funds in the company’s account have never been financed. All funds come from customers and the company’s own funds.

Unexpectedly, in this year's environment, the boss actually thought of using financing, which surprised the three of them.

Facing Liu Tingting's question, Gu Junhao nodded and said: "Well, but the financing can only be used after the market improves. Don't engage in a downward trend, so as not to cause accidents."

A historical bottom line. At this time, if you don’t put up some financing, you will be a little sorry for the bottom line. The reason why you didn’t use it before was because it was unnecessary, and it was also for the sake of the company’s safety.

A small start-up company with a small door and a small household, if it is targeted by someone after financing, it will really go bankrupt, but now Junshi Capital also has a certain status in the financial circle, and financing above the safety line No problem at all.

"Oh, by the way, Tingting will issue an announcement after get off work. Junshi Investment will start tomorrow. The limit will be lifted and normal subscription will resume. You must be prepared."

"Oh, yes, I understand!" The boss has plans to raise funds, and the lifting of the purchase limit is also expected by Liu Tingting.

"Okay, do you have anything else to do? Go get ready if you have nothing else to do."

"Boss isn't going to the trading room?"

"I won't go, I have other things to do." Gu Junhao shook his head and said.

For Junshi Capital to raise funds, it is definitely not as simple as opening an account with a retail account of 50 yuan, and then taking a certain amount.

Even if the financing is only based on the company's existing cash flow and the valuation of securities, even if it is only 10%, it will be tens of billions of dollars. Gu Junhao has to call the brokerage and the bank in advance.

Everything is ready, the next step is to wait for the flowers to bloom.

"Is there any work arrangement for today? If not, the two of us will go to the bank."

(End of this chapter)