Listening to Lan Xin's words, Lin Shi shrugged his shoulders and did not speak again, but returned to his seat and continued to look at the fundamentals of HKUST Electric.

The P/E ratio is 42.23.

The five-year average profit growth rate is 36%.

Gross profit margin of sales was 36%,

P/B ratio is 15.

Return on equity was 24%.

Assets 2.5 billion, liabilities 400 million.

Abundant cash, low accounts receivable, and a small amount of short-term borrowing.

The listing price is 15 yuan, which has risen all the way to 60 yuan after listing, then fell to 40 yuan, and then continued to rise to the current 72 yuan per share.

In terms of fundamental analysis, the valuation of such a stock is still a little higher, and the growth rate of 36% should give him a valuation of 36 times, that is, a price-earnings ratio of 36, but the current price-earnings ratio of 42 is obviously a little higher, if such a stock encounters a growth bottleneck, the stock price will fall by 20% in an instant, which is a Davis double kill, and the stock price and price-earnings ratio fell at the same time, completing the valuation repair.

The profit growth rate and return on net assets can kill 95% of the stocks in the Huaxia stock market, and also paid dividends twice in two years, one is 10 to 10, and one is 10 to 15.

The only thing that is on the high side is the price-to-book ratio, which has reached an astonishing 15 times! In general, the price-to-book ratio refers to the ratio of the stock price per share to the net assets per share. The price-to-book ratio can be used for stock investment analysis, generally speaking, stocks with a lower price-to-book ratio have a higher investment value, and conversely, the investment value is lower; However, when judging the value of the investment, it is also necessary to consider the market environment at that time, the company's operating conditions, profitability and other factors.

But this is only a valuation indicator, which can only be used for reference, and it is not applicable to all stocks, and no stock indicator can meet the requirements of all investors, so it can only be said that there can be no major problems. Besides, if there are perfect stocks, I am afraid that it will not be the turn of investors to buy them, and institutions have already rushed to short.

Lin Shi carefully searched the company's business information and found that the main operating income of this stock mainly comes from online stores, and the pricing price of their products is 30% lower than that of products in the same industry, and the reputation is unanimously praised.

In today's skyrocketing raw materials and product prices, if a product is priced low and of good quality, it is enough to attract most people to come and buy it, after all, most Chinese people still like to buy this kind of bargain. And almost everyone wants to buy high-quality and low-cost goods, although a big guy who is engaged in the Internet said that cheap is really not good.

But the University of Science and Technology has done it, and the prices of some European and American brands of razors are about 200 yuan to 300 yuan, which is simply a random price! There may be some people who love to buy European and American goods to buy such stocks, but his pricing does not catch the majority of Chinese people, most people will buy about 120 yuan or less when they buy razors.

After all, in Huaxia, money is really hard to make, and some people only have 3,000 yuan a month without food or housing, how can they be willing to spend 200 to 300 to buy a razor? Of course, this high pricing may also be due to the high price caused by the expensive materials itself or the effect brought by the brand, so it can only be said that the strategy of each company is different, and they set the price on the middle-level people in Huaxia.

The low pricing of HKUST electrical appliances is actually a "hidden" good news for the stock price, because he makes the product price increase, as long as the news of the product price increase reaches the ears of the institution, they will buy it immediately, and the product price increase = stock price rise is almost everyone's consensus in the capital market. For a period of time, rare earth resources were relatively scarce, and some related concept stocks just raised the price of their products, and their stock prices began to skyrocket, rising 230% in 2 months!

In the end, Lin Shi still added this stock to the self-selected stocks, 42 times the price-earnings ratio is still too high for him, although the current growth rate is very stable, but stability also contains instability, if Lin Shi accidentally ran into Davis's double kill......

"If the stock price falls to the right position, I will buy, a growth rate of 36%, a price-to-earnings ratio of around 27 times should be more appropriate." Lin Shi thought secretly in his heart. It doesn't take much time when choosing stocks, good stocks don't need to do too much analysis, as long as there is no sudden black swan event, there will generally not be much of a problem, and that kind of junk stocks, it is useless to analyze, it will still fall.

In short, everything depends on the financial report, if the upward K-line is the face of a beautiful woman, then the financial report is a woman's inside, although when looking for a girlfriend, it will be biased towards a high appearance, but if the inside is too bad, such as a bad temper, three days and two ends of the breakup, you will be asked to spend money to buy this and that, then you will definitely be very troubled.

For stocks in high valuations, there is no big problem with the fundamentals, join the optional and wait for it to fall, don't buy, Murphy's Law is tried on this kind of high-priced stocks: buy and fall. When the stock price falls to the right valuation and it is determined that the stock price is not falling because of the financial report, you can buy it, and such a stock may consolidate for a long time, but it will still reach new highs in the end.

……

In the evening, in an apartment, Mishima Tomomi turned on the pink Apple computer and checked the trend of Baiju Chinese Network, the current price, $32 a share, some lawyers in order to add fame to their law firm in this incident, have proposed "lawsuit, no money." For them, winning this lawsuit is simply not too simple, the market has long released evidence of Baiju Chinese Network's financial fraud, they only need to sort out the evidence, and then summarize it through their words, there are no too cumbersome steps at all.

"The issue price has still not been broken." Tomomi Mishima muttered to herself.

She has found evidence that the top management of Baiju Chinese Network used other securities accounts to "manipulate" the stock price, and she wanted to expose this evidence to make Baiju Chinese Network plunge again, but not long after, this securities account began to liquidate the stock price of Baiju Chinese Network, if it is a loss clearance, then it is difficult for the SEC to define "loss clearance" as "malicious manipulation".

Although Mishima Zhimei knew that the Zhao Group had tens of billions of liquid funds in their hands, to say that they dared to invest all this money in the Baiju Chinese network, Mishima Zhimei was the first to disbelieve that the Zhao Group had been in the Chinese business world for many years and was definitely not a fool.

Even if you can't make too much money, you can't lose too much, if you lose then you must resolutely stop the loss, the business world is the most focused on maximizing short-term returns, investment must be rewarded, and fast, if the speed is slow, then don't invest money into it or cut the project, unless it is some projects with relatively high potential.

At present, she has invested $500 million into the put option of Baiju Chinese.com, and her current profit has exceeded 500%, but she has not liquidated her position, and according to the valuation of this stock by Mishima Mao, it is reasonable to fall to $7 a share.

And she naturally believes in her father's vision, the Japanese stock god is not only Mishima Mao, but the one with the most accurate vision must be Mishima Mao! She read her father's autobiography as a child, but she didn't read it the first time, until she read it again at the age of 16, and she realized that there was hardly anyone in the entire Japanese stock market who could surpass her father in the total return on the capital market.

After Mishima Tomomi entered the capital market, Mishima Mao said such a sentence: "The real king of finance is not a rich family and a rich country, but a desperate life to the end." When other investors die in the energy crisis, debt crisis, financial crisis and even various natural disasters, you are the real king of finance! ”

Tomomi Mishima understands this sentence as a conservative investment, not to be too aggressive, so that she can effectively avoid these crises, but she ignores one point, that is, these crises are black swan events, although there are some clues before, she can't detect them every time.

……

"Whew!" Zhang Yingyue put a stack of envelopes on Xi Rui's table, "Yours." ”

"Just throw it away." Xi Rui said without raising his head.

"There's a love letter written to you by Wang Junming, a school grass." Zhang Yingyue said, with gold stars in her eyes, "This is someone that many girls will not refuse." ”

"Throw it away." Xi Rui still didn't look up and continued to look at the book.

"Anyway, you should take a look at it, and satisfy my curiosity." Zhang Yingyue smiled bitterly and said, "Besides, how does your boyfriend who graduated from high school compare with this school grass?" Even if he bought the sparkling ring......"

Xi Rui raised her head and looked at Zhang Yingyue carefully: "How many benefits have you received." ”

"I'm ......," Zhang Yingyue smiled awkwardly and said, "It's just a few tickets to Disney." ”

"Oh." Xi Rui glanced at her angrily, "That's nearly 2,000 yuan." ”

"Yes, even if you don't agree to others, it's okay to see what other people write, right?" There was a hint of pleading in Zhang Yingyue's tone.

"Okay, I'll take a look." Xi Rui chose Wang Junming's envelope, and then tore it in front of Zhang Yingyue, "Now, you can go back and report that I have read it and am very moved, but I still can't be with him." ”

Zhang Yingyue's mouth opened into an O-shape, her eyes instantly became dull, and it could be seen from her stunned expression that she never thought that Xi Rui would tear up the love letter of the school grass, this is the male god in the eyes of many young girls. It took a while for her to recover from the shock: "Okay, I know. ”

"Remember to smile the next time you receive it." Xi Rui lowered her head to face the book and continued: "Then find a trash can to throw it away when you come back." ”

"Okay." Zhang Yingyue's expression revealed a little helplessness, she knew the temper of the aunt in front of her, and in just a week, she threw away no less than 100 love letters, "I will do this in the future, but if it were me, I would definitely accept Wang Junming's pursuit." ”

"It's better not to, because he's a playboy, and as soon as the novelty wears off, you'll be replaced."