The A Share Market With More Than 4000 Points Is A Deterrent To Investors.
Although the economy is relatively poor, the stock market still has opportunities.
There are two main reasons: one is the metabolism of the economy itself; the other is the interest rate, that is, the price of capital is going down, so the market is attractive for the residents from the perspective of the allocation of funds.
In April 16th, the Shanghai gold center was surrounded by a group of high net worth people. Besides preparing to subscribe for private equity products, they also hoped to get some guidance from the first-line fund managers.
In their view, after the big 4000 points, although the rise is a big probability event, but the risk of adjustment or style change is also indispensable.
The presence of the fund manager is looking forward to capital partners, investment director Feng Yonghuan.
On the worries of all of you here, Feng Yonghuan said that more than 4000 points should not be blindly pursued, but should also tap the market opportunities of potential industries and individual stocks.
In the next ten years, a large number of companies will go through the industry integration. At present, we can advance the layout to catch the leading industry from scattered to concentrated through an integrated cycle.
In Feng Yonghuan's view, the market has gone through a significant rise in the early period, and the market is now in a stage of serious valuation, a lot of stocks are seriously overvalued, but the other is still very attractive, and their two or three year performance is far more than the stock price.
On how to screen out such outstanding stocks, Feng Yonghuan believes that there are three investment directions from top to bottom: one is the big consumption, including online travel, online education, online entertainment, medicine, etc. These are the sunrise industries that are very definite in the next twenty or thirty years.
For example, because of the aging trend, the proportion of the elderly in China will account for 30% of the total population in 30 years. This is a great driving force for the growth of medical and medical demand. The volume of the industry in the future will be fully expanded.
The two is environmental protection and new energy. Environmental pollution is an arrears of economic development over the past thirty years. It needs to be filled in ten years and twenty years.
The three advantage is manufacturing.
At present, there is a very hot word called "Internet + +", which refers to the pformation of traditional industries by combining Internet and traditional industries with Internet technology.
The pformation of these industries by the Internet has greatly improved the efficiency of the industry, which is its future potential.
Now many people have already laid out the layout of Internet healthcare.
After talking about the industrial opportunities, Feng Yonghuan further directed the topic.
Individual stock area
。
He said that in traditional industries, the average growth rate of the industry is not high, but there is no lack of rapid growth of the company, often more than 5 times over five years.
Over the past five years, more than two times the profits of 500 or 5 times more than 200, a group of companies with outstanding competitiveness, compared with peers, has great advantages and has great room for growth.
For example, the Oriental rain rainbow, waterproof material, last year, the income of 5 billion, about 3%, 4% of the market share, is the first in the industry, ranked at second only about 1 billion, but the majority of waterproof materials colleagues do not have a modern company operation technology, is basically similar to the small workshop mode of operation, so the Oriental Yuhong is particularly out of place, has a competitive advantage.
For example, from 1998 to 2014, the income of GREE electric appliances increased by 30 times, and profits increased by 60 times. Why is there such a big leap? That is because the market of air-conditioning industry is very large, and the market share in 1998 is still very scattered, but now the concentration is very high.
From the decentralization of 1998 to the centralization of 2014, GREE accounted for almost half of the total, and almost three monopolies, namely, the United States and Haier, completed the integration from decentralization to centralization.
After the integration, the profit growth of market winners is amazing.
Standing at this time point in 2015, there are still many industries that are very dispersed. They have to go the same way as the air conditioning industry.
Many times, the capital market is too short-sighted, always looking at a year or a few months. If the time is lengthened, the effect will be astonishing.
However,
Feng Yong Huan
He also made some advice to investors:
First of all, avoid blind people. For example, ten years ago, some people called on everyone to do grassroots research. He suggested going to the drugstore to see the date of production. If it was a long time ago, the instructions for production had been put up for a long time in the drugstore, and sold badly. If the production date is new, it will sell well.
That sounds reasonable, but the limitations are obvious.
Because there are many drugstores in China, one can see one or two, but it can't see 1 or more.
Second, avoid parrot.
For example, skyscraper theory, when skyscrapers are built when the economy is at its peak, the economy is going to go downhill.
This reversed the cause and effect.
Because
Economics
No, there is no strength to build a taller building, so that building has become the tallest building, not the building that was born with the economy.
- Related reading
- Today's quotation | What Is The Trend Of PTA And Ethylene Glycol In Polyester Industry Chain?
- quotations analysis | Market Gradually Returned To PET Bottle Maker Repair Increased
- brand building | Gilliard: Using Non Heritage To Shape Shanxi'S New Fashion, To Integrate And Innovate The World.
- Listed company | Jiaxin Silk (002404): Annual Net Profit Increased 28.39% To 144 Million Yuan.
- Listed company | Zhejiang Long Sheng (600352): Has Accumulated A Total Of 627 Million Yuan To Buy Shares.
- DIY life | Walking In The Forefront Of The Spring And Summer This Year, The Wave Point!
- Expo News | It'S Bustling! Keqiao Curtain Show Opens Today.
- Commercial treasure | To Read Ancient Chinese Textiles From Several Rare Chinese Characters
- Innovative marketing | Nantong's Modern Sericulture Technology Exports Laos
- Finished shoes | Wearing Shoes In Early Spring Is The First Choice For Slacker Shoes In Spring.
- 牛市根基穩固 大小盤分化
- RMB Will Again Face Depreciation.
- Dongguan Enterprises Intelligent Leather Cutting Robot Industry Hotspot
- The Yuan Will Replace The Euro As The Second Largest Reserve Currency In The World.
- “一帶一路”成人民幣提早加入SDR的“助推器”
- Wave Point Single Product Upsurge, Office Workers Wear Beauty Feeling.
- 春夏最實用穿搭,包你美美過假期!
- 星期六鞋業業績節節高 去年凈利增5%左右
- How To Choose The Best Project For Starting A Business
- How Should The Layout Of Different Regional Clothing Display Be?