The Road to Rebirth Finance

Chapter 464 Return of Equity

Speaking of which, this is the first time Gu Junhao has accepted such a high-level interview.

It is not that Gu Junhao has not accepted interviews of all sizes before, and it is not without authoritative media in the industry.

But none of them reached this magnitude, and more of them were mainly interviewed by some local media in Beicang and Yongcheng.

After several years of operation, although Gu Junhao still maintains a low-key personality, he is not unreasonable. He will still accept some mutually beneficial interviews.

Moreover, the nature of this high-level interview is somewhat different from usual. Although it is not clearly stated, it is more like a mission to cooperate with policy news.

In other words, there will definitely be follow-up policies to rescue the market, and they will continue to follow up. In this case, the bottom-hunting action will be accelerated.

According to the news, as of the 16th, the financing balance of the two cities dropped again by 85 billion yuan, falling below 7800 billion yuan.

The stock repurchase system of listed companies will enter the legislative process.

Personnel in charge of the banking regulatory bureaus and insurance regulatory bureaus from various places will rush to the imperial capital one after another to participate in the meeting to be held tomorrow. There is no clear date when the results will be announced.

But market participants have speculated that it should be a good thing.

The recent continuous reduction in the balance of the two financings has attracted widespread attention in the market, and the clients of the two financings have become the most closely watched by major brokerages.

It is nothing more than a question of risk. The index goes back to four years ago, but the stock price of individual stocks is not as simple as just going back to four years ago.

The stock prices of some stocks have even fallen to the levels they were six or seven years ago, and there are many financing targets among them, which require additional margin calls from financing customers.

The consequence of not adding margin or collateral is that the position can only be forced to be liquidated.

The extreme decline will hurt the financing account the most, except for some panic orders, and it will fall rapidly in a short period of time. If you fail to increase the margin in time because you have no money in hand.

In order to control their own risks, the only thing brokers can do at this time is forced liquidation. This kind of risk is uncontrollable for financing accounts.

After all, there are times when money is not in everyone's hands.

This is why even if Gu Junhao has some prophets who know the general trend of the market, he rarely uses large amounts of financing.

Because as long as there is a slight deviation in the memory, or the environment changes, or an accident occurs at a certain point in time, you will fall into passivity.

And this is where the biggest risk of stocks besides delisting lies.

Judging from the concentrated reports on the financing balance in the past two days, before the bailout policy comes out, the market should have a final drop, and no matter what happens, it will have to kill the financing market again.

Once these financing accounts are liquidated, they are ready-made chips.

From this point of view, pulling two barrels of oil caused panic, which is also reasonable. Gu Junhao's trader would probably do the same.

On the 17th, the Shanghai and Shenzhen stock markets opened sharply higher, and the call auctions of the three major indexes all exceeded 1%. Concept stocks in the Shenzhen stock market continued to climax, and leading stocks closed again.

"Haha, this is not giving a chance." Gu Junhao said with a smile.

"This kind of money has no chance for hot money, but it is possible to start speculating on maps, especially the stocks in some big cities. The Shenzhen Stock Exchange brings money out, and other cities should follow suit with a high probability." Liu Tingting replied. .

"That's right. The speculation is an expectation. Just like today's high opening, the funds are expected to save the market. Let's make a wave of high opening money first."

After the National Day, due to the emergence of extreme market conditions, every morning, after the three of Xu Jianqing and Gu Junhao had a meeting, Gu Junhao would come to trading room No. [-] to sit in the battle after dealing with the matter at hand.

No matter what kind of prediction you have, you can only feel more real by watching the market on the spot in many cases; some trading plans can also be adjusted in time during the market.

For example, Dongcai and Tong Huashun, since they started to build positions slowly at the end of last month, on the first trading day in October, Dongcai fell below 11 yuan in heavy volume.

Dongcai, who has entered the 10 yuan area, no longer needs to think too much about where he will fall. At this time, Gu Junhao decisively changed his operation plan and asked traders to accelerate the opening of positions.

From the opening of the position until yesterday, the average trading volume of Dongcai each trading day is more than 10 billion yuan, and the real price investment has built a position of more than 8 million yuan, accounting for more than 4% of the total holdings.

Today, Dongcai is still mainly buying, increasing the proportion of overall holdings to 5%.

Tong Huashun also increased its volume after October 10, with the average daily trading volume rising to more than 8 million yuan, and the speed of opening positions was much slower.

However, compared with the trading volume, the buying data is quite impressive.

However, due to the share capital, Tong Huashun can't buy many positions. He can only buy 2600 million shares at most, and control the shareholding ratio at about 4.8%.

According to the current trading volume, it will take about another month to buy it anyway. Now Tong Huashun, which is priced at less than 30 yuan, may actually cost less than 40 yuan to buy. It would be even better if it can be controlled at around 35 yuan.

Calculated, Tong Huashun's highest cost of building a warehouse may be around 10 billion yuan, which seems to be much more expensive than Dongfang Fortune, but it is actually much cheaper.

You know, the same 10 billion yuan cost of building a warehouse can only buy less than 2% of the total equity of Dongfang Fortune, but Tong Huashun can buy more than 4.8% and less than 5%.

Moreover, Tong Huashun's future growth value will be much higher than that of Dongfang Wealth, and its rate of return will naturally be much higher.

Tong Huashun, who has survived the 2015 stock market crash and was used to sacrifice the flag, has a much greater future growth value than Dongfang's wealth, which is already quite large.

Gu Junhao vaguely remembered that the proprietress of Dongfang Fortune bought Tonghuashun in large quantities at a price of around 50 yuan to 70 yuan, and finally made a huge profit.

I can’t remember exactly which year it was, but it was definitely not 2018. The current price of Tonghuashun is only around 30 yuan, even if it has experienced a round of explosion of more than 2015 times in the 10 bull market.

But so far, it is still a growth stock with full potential.

Tong Huashun, whose stock price rose as high as 181.87 yuan, had not experienced a series of problems during the stock market crash, and this year's super bear market, its stock price would have never fallen to around 30 yuan.

With the popularization of smartphones and the advent of the mobile Internet era, mobile phone stocks became popular after 2015. Tonghuashun, which is connected to major brokerage platforms, has been in the process of rapid growth in performance.

The concept of Internet finance, which has been in full swing for several years, has now emerged with various risks, and its reputation is getting worse and worse.

Among the A-shares, the concept stocks spawned by this concept, in Gu Junhao's view, are Tong Huashun and Dong Fang Wealth that are really valuable.

Compared with Dongfang Fortune, which is more inclined to the attributes of funds and securities companies, Tong Huashun is more like the most authentic Internet financial concept stock.

The index opened higher and moved lower as usual, and consumer stocks were still the main force in the decline. In the previous two trading days, automobiles and household appliances suffered declines. Today it is the turn of liquor.

The falling process lasted until the afternoon. The Shanghai Composite Index fell by more than 1% during the session, and the index fell to around 2517 points, which still looked very dangerous.

But in fact, apart from the big category of consumer stocks, other stocks such as new energy, technology, 5G, and pharmaceuticals have not fallen much.

Junshi’s two major holdings, Ningwang and Sino-Singapore Communications, are also in the red market. Even Dongfang Fortune and Tong Huashun, which are relatively weak stocks, have not touched the low position since they bottomed out on October 10. .

"The GEM is really stable. Don't worry about the GEM index in the future. Increase positions according to our rhythm, and fill up the GEM's targets as soon as possible."

"Okay, we'll be there as soon as possible."

Since Ning Wang's daily limit, Jun Shi Price Investment seems to have turned around. Although yesterday's index performance was poor and Ning Wang also fell slightly, Jun Shi Price Investment's overall income throughout the day was still red.

The individual stocks that hold positions today are also performing well. There is no need for the index to truly bottom out, and the phased retracement of Junshi Investment is over!

Next, the remaining cash flow is to wait for the liquor to fall to its position, and then put all of it into the liquor sector.

In this way, the last piece of the puzzle of Junshi’s 2018 bargain hunting can be completed.

At two o'clock in the afternoon, the semiconductor sector moved up, leading the Shanghai and Shenzhen stock markets to rebound. The index, which had been diving for a day, began to reverse in a V shape in the last hour.

At the close of late trading, the three major indexes of the Shanghai and Shenzhen stock markets turned red across the board. Although the K-line of the Shanghai Composite Index is still a false negative line, this is the first time since the first trading day in October that the two markets have reversed. momentum.

As of today, there are a total of eight trading days, whether it is the gap and decline on October 10, the sideways shock on the 8th and 9th, or the decline in the following trading days.

Both the Shanghai and Shenzhen stock markets tend to be weak. Once the index falls, it will be impossible to get up. The trend of individual stocks is even more inclined to collectively fall.

However, since this week, the situation has changed. Although the index is still falling, it is more due to the compensatory decline of large consumer goods, which account for a relatively high weight.

On the daily market, the number of daily limit stocks is also increasing, and daily limit stocks can bring more popularity.

The individual stocks that had fallen deeply in the early stage have slowly started to rebound since this week, and the top stocks like King Ning are even more outstanding.

Spring River Plumbing Duck Prophet, the rebounding market head first, Gu Junhao can already feel the reversal of the market.

"Next, we can put aside the index. Except for big consumer goods, any retracement is a buying point!"

10月17日晚上9点半，连续三个交易日净值上升的君实价投净值率报2.4395，基金总体规模重新回到200亿元之上。

The net value rate of 2.4395 also officially recovered all the declines in October, and successfully exceeded the net value rate of 10 at the end of September, returning to a profitable state.

The return of the net value of Jun's real-price investment has lifted the spirit of the citizens who are always paying attention to its changes. Those who bought it in September and have not yet cut it off have all been unwound!
(End of this chapter)