In the construction site, whoever has the most strength and carries the most cement at a time will be the most powerful.

In the financial research circle, whoever has accurate research reports and the highest ticket income will be the most powerful.

From the very beginning, Wang Nuo knew that Chen Lifang's help could at least allow him to get research business, and with Chen Lifang's existence, Huo Maoxiang could only start from the research report, and there was no other way.

"How demanding are Sheng He?" asked Wang Nuo.

"We don't want small tickets. Huo Maoxiang took another sip of tea and said: "Our cooperation is the cooperation between the research department and the research institute, Shenghe is a large company, and we have invested in almost the whole market, so ...... We don't want you to push the ticket. ”

"Heavyweights?" Wang Nuo frowned slightly.

"Yes, to tell the truth, the changes in the information surface some time ago have completely opened up the upside and downside space of the market outlook, and too many variables have been stuffed into the market, which is the reason why Shenghe hopes to find a third-party research report, but we don't want a third party to push a small ticket. Huo Maoxiang said confidently.

The so-called small ticket is the stock of a listed company with a market value of less than 30 billion, and sometimes it also carries a footnote with a circulating market value of less than 20 billion, that is, stocks with a market value of less than 30 billion and a circulating market value of less than 20 billion are all small receipts.

The answer is that more than 75% of research reports are ticket-pushing, and the reason is very simple: there are few variables.

For example, if a listed company has a market value of 10 billion yuan, a circulating market value of 7 billion yuan, and a turnover rate of less than 2%, if you come to a fund at will, it is not a stock speculation, but a banker.

Therefore, the thing analyzed by the small ticket is that there are more main movements, and the weighted stocks are different, there are a lot of big funds in it, plus the fundamentals change frequently, and the amount of energy is enough, and there are really few people who dare to push.

What Wang Nuo is even more worried about is that how many A-shares can not be counted as small tickets? There are only more than 300, and the stock pool has changed from more than 3,000 to more than 300, which is directly less than 90 percent.

Moreover, the research report of the research institute does not mean that it only looks at the data, but in many cases it is necessary to conduct research and interviews with a certain company, and even analysts will directly talk to the company's executives.

Wang Nuo: Can they meet the executives of companies with a market value of 30 billion yuan? Don't be funny, the object of their investigation should be a small ticket.

"If it's a weighted stock, we need to push votes less often. Wang Nuo put forward his own request.

It is reasonable that if you don't push a small ticket, I can't give you a research report and a vote on a weekly basis, and I can't ask an analyst to publish a detailed research report on a certain weighted stock every week, which is completely impossible.

"That's fine. Huo Maoxiang nodded, but put on a sly smile, and said: "But the research report is less than half, the frequency of pushing votes is half lower, and the price is ...... It will have to be halved. ”

"Is Shenghe's research report bought at a fixed price?" Wang Nuo's face turned cold, this should have been something that the marketing department came to talk about, but now he can only end up by himself, and it seems that Huo Maoxiang is clear, and even the staff of Shenghe's marketing department didn't bring it over.

"If we could, we would really like to buy it at a fixed price. Huo Maoxiang said cheekily.

"Any research report?" Wang Nuo almost wanted to throw Huo Maoxiang in the face.

"Any non-small ticket research report. Huo Maoxiang was a little shameless.

Shenghe Research Department wants to find a third-party research institute to give a research report, which is something that many people know, Wang Nuo found Chen Lifang's way and got an opportunity for an interview.

However, what Shenghe Fund wants is not just the cooperation of one research institute, but several, and as for how to divide and give money, it has not yet been decided.

Wang Nuo is not unaware of the market in the circle, how can the research report of heavyweight stocks and the research report of ordinary stocks be the same, the former is almost equivalent to the industry research report, and the workload is much heavier than the latter.

Now Huo Maoxiang is equivalent to wanting to buy something for two yuan for one dollar, who is willing to sell it?

"Also, we want the contract to be signed in January. ”

"We have to look not only at relative returns, but also at absolute returns. ”

"The rate of return is negative, and continued cooperation needs to be considered. ”

Huo Maoxiang put forward a few points one after another, and Wang Nuo almost knocked over the table and left.

The contract is signed every month, and a research report on heavyweight stocks is published every month, which is considered to be an efficiency pass.

That is to say, when the market rises, the votes you push have to rise more than the market, so the relative return is positive, and the market falls, even if the votes you push fall less than the market, the relative return is positive, and the absolute rate of return is also negative.

Finally, if the rate of return is negative, you have to consider the cooperation plan, which is shameless.

If a securities analyst can raise both the relative rate of return and the absolute rate of return to a positive number, what else is an analyst? A bunch of fund company executives outside are waving money and preparing to poach you.

Talking about business with Shenghe Research Department, Wang Nuo's goal is very simple, that is, to find something to do for the team, and then the team has something to do and does it beautifully, so it will naturally expand.

The expansion of the research team means that Wang Nuo has more data and information at any time, and more analytical resources that he can call on at any time.

The stronger the team and the more business, the more things Wang Nuo can learn, the more opportunities he can use his honest pen to invest, and the higher the winning rate.

For this plan, Wang Nuo didn't mind giving more accurate data analysis to the cooperative institutions on the premise of not consuming energy, but Huo Maoxiang's request directly made Wang Nuo speechless.

If you want the horse to run, and you don't want to feed the horse, and if you run slowly, you have to unload the mill and kill the donkey, you want to go to heaven.

It's just that, in the final analysis, this is still Yang Jianzu's personal relationship, Wang Nuo can imagine that even if he gives up Shenghe's business and goes to talk about cooperation with other companies, doesn't it matter if Yang Jianzu matters?

"Sell it for 50,000 yuan, right?" Things finally became completely clear, and Wang Nuocai asked Huo Maoxiang with a cold face.

"Hmm...... The industry has two research reports a month, and the quality is 100,000 contracts, isn't it?" Huo Maoxiang himself felt that he was a little excessive, but he still said: "If you can produce two reports a month, our contract can be signed like this, but we must add the conditions I just said." ”

"One sign in January, both the relative rate of return and the absolute rate of return should be positive?" Wang Nuo's smile was full of teasing.

Huo Maoxiang straightened his face and said, "If it doesn't work......

"Who says no? Wang Nuo smiled and nodded.

Isn't it just selling reports, not black or blowing, a copy of 50,000, Wang Nuo can sell it to make Shenghe bankrupt.