My Fintech Empire
Chapter 333 [Do a good job in market value management for listed companies in the galaxy system]
Fang Hong’s institutional account also holds Goertek Acoustics. Since the beginning of September last year, he has been involved in the stock, and has also done two or three weekly level T operations several times during the rising relay trend.
From the beginning of September last year to today's daily limit, the cumulative increase of this stock is close to 2 times, and because Fang Hong has done several T operations, the current position yield has reached +312%, which greatly outperformed the increase of this stock.
Now various institutions are also super optimistic about Goertek Acoustics, and they gather together to conduct research, because with the order from Xingyu Technology, this year's performance will definitely skyrocket.
Getting the order from Xingyu Technology not only brings incremental growth, the most important thing is that the profit of the order from Xingyu Technology far exceeds the level of the industry, so Goertek's performance this year is very imaginative, and the capital market is willing to give more The high valuation is reflected in the continuous rise of the stock price, and the chips are robbed to the daily limit.
...
In the afternoon, Jingxinju Villa, office and study on the second floor.
Tian Jiayi sat on a chair beside him and reported the content of Qin Feng's financial report: "Xingyu Technology's first-generation products have been a great success. According to the sales data of the first week, it is expected to achieve a total sales volume of 16.5 million to 18 million units in 2010."
With the current booming sales, the company's expectations are not overestimated. Throughout this year, the S1 mobile phone has no competitors in the mainland market.
Of course, the premise is that capacity allows.
Tian Jiayi continued: "According to Qin Feng's estimate, if calculated based on the total year-end sales of 18 million, the company's annual profit scale can reach 24.5 billion to 30 billion yuan, and the profit rate can reach about 35%."
Fang Hong nodded without saying a word.
Xingyu Technology is expected to generate more than 70 billion yuan in revenue this year, and its profit is expected to be close to 30 billion yuan. Such high value-added profits are truly high-tech companies.
Tian Jiayi continued: "However, according to Qin Feng's material report, his plan is to use the profit of 20 billion yuan for research and development this year, and reduce the company's overall net profit to about 7 percentage points, or 6 billion yuan. about."
There is still a big gap between Xingyu Technology's technical background and the old technology giants like Apple, and many of them need to catch up. Qin Feng obviously intends to take a road of domestic substitution, hoping to be fully independent in many key technology nodes .
With the huge profits created by S1, Xingyu Technology also has the confidence to invest in R\u0026D and design of chips. The money earned is invested in R\u0026D on a large scale to improve the company's core technology competitiveness. Fang Hong is very satisfied with this.
Not to mention that Qin Feng suppressed the company's net profit to 7%, even if the net profit was minus 7%, as long as the money was spent on technology research and development, Fang Hong would not object.
A negative net profit means that the company is still losing money after making money, but it doesn't matter. It can raise funds from the capital market at that time. Xingyu Technology's backdoor listing of A shares is already on the schedule.
The company's first-generation product was a great success, but it is far from the time to enjoy the fruits of victory. Once Lao Mei gets stuck, the current good situation will soon be wiped out.
Fortunately, the Laomei side is not so nervous now. Although the attention to the Eastern powers continues to increase, it has not yet been treated as the number one major competitor.
In the next five years, Xingyu Technology still has time to "develop".
Fang Hong thought for a while and then said: "It is right to take the path of domestic substitution. I fully support his strategy, but I have to tell Qin Feng to keep a low profile. If you don't make a sound, you will be a blockbuster. If you don't hammer, you will have a final word!" "
Too high-profile, maybe it will be sanctioned by the old US in advance.
After Tian Jiayi prepared the memorandum, he turned to say: "The backdoor listing of the Weibo subsidiary has made breakthrough progress with the restructuring of Dasheng shares. Trading of Dasheng shares will resume tomorrow Friday."
Fang Hong said: "I don't care how much the capital institutions get on the bus, but they play the role of market makers. Their share of the pie is indispensable for going public.”
The so-called market makers and market value management, in other words, are the dealers, and the better way to say it is called Shanzhuang or something.
To put it more bluntly, Fang Hong asked those institutions to stabilize the stock prices of the listed companies in the galaxy. The valuation of the success of suppressing the listing of Qunxing is that they, as friends of Qunxing and a community of interests, should contribute to the game and push up the valuation.
In the big A market, the funds are actually distributed, such as this gang or that department.
And Fanghong also wants to create the concept of "Galaxies" in the secondary market. It is necessary to manage the market value of its subsidiaries after listing. If they don't, the hostile party will suppress the company's stock price through the secondary market in the future. Especially after five years, foreign capital can enter the A-share market.
Just like many high-quality state-owned listed companies, the price-earnings ratio is extremely low, but the price-earnings ratio of private enterprises is very high. Although there are also many state-owned listed companies that are really not doing well, they should even be delisted.
However, there is indeed a force in the market that is suppressing the overall valuation of state-owned enterprises, so that it has long been planted in the minds of investors that state-owned enterprises should be given such a low valuation, resulting in the inability of state-owned assets to be revitalized, and foreign capital is cheap.
Similarly, Fang Hong also considered that Qunxing Capital may face a similar potential situation in the future, and he must not let people suppress the asset prices of Qunxing, so it is necessary to unite a group of institutions to form strategic partners as market makers, which is also a cake. The reason given to them, otherwise why give them the things that are 100% sure to win and make money? There is no benefit in the world for nothing.
...
At around 8 o'clock in the evening, Dasheng issued a series of announcements, which quickly pushed the popularity of this stock to the top of the list. Shareholders also gathered around, especially those who held the stock.
Clicking on the stock of Dasheng shares, the shareholders saw that the company released nine important announcements today, such as "About Major Asset Replacement and Issuance of Shares to Purchase Assets and Raise Supporting Funds and Related Transaction Preplan Manual", "Major Asset Replacement and Issuing Shares to Purchase Assets and Raise Supporting Funds and Affiliated Transaction Plan (Revised Draft), "Informative Announcement on the Resumption of Trading of the Company's Stocks" and so on.
Among them, what investors are most concerned about is the content of the stock resumption announcement of Dasheng shares, especially the retail investors who hold the stock.
According to the Shenzhen Stock Exchange's "Decision on Approving the Resumption of Listing of Dasheng Culture Co., Ltd.", Dasheng shares will resume listing and trading from April 9, 2010. On the first trading day of the resumption of listing (April 9, 2010), there is no price limit for the company's A valuation stock trading. From the next trading day after the first day of resumption of listing, the stock trading price limit is 10%. .
The holders were extremely excited. They didn't expect that there would be no price limit on the first trading day when trading resumed, which meant that there was no need to count boards, and the benefits of the reorganization could be cashed out within a day.
It is worth mentioning that on the first trading day after the suspension of listed companies for backdoor listing and reorganization, some of them have a price limit, and some do not have a price limit. .
Compared with Dongbai Supermarket’s story about the concept of reorganization, Dasheng has announced the success of the reorganization according to today’s announcement, and the proper pheasant has become a phoenix.
However, the backdoor listing of the Weibo subsidiary is not so fast. After the resumption of trading tomorrow, the securities abbreviation of Dasheng shares is still the original name, and has not been officially changed. After the backdoor listing is fully completed, the name of Dasheng shares must be changed. dropped.
That night, the comment section of the stock bar of Dasheng shares was very lively. The stockholders who were short-lived were extremely envious. The holders were also so excited that they couldn't sleep all night. The lottery will be held tomorrow!
Shareholders are also discussing and predicting how much Dasheng shares will rise at the opening of the market tomorrow.
After one night, the time came to Friday, April 9, and the last trading day of this week arrived as scheduled.
The retail investors holding Dasheng shares turned on their computers early before the market opened, cut to the time-sharing market of this stock, and waited patiently for today's opening.
...
(Ps: Ask for more tickets~~~)
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