Chapter 332 [Market Value Management for Listed Companies in the Galaxy]
Fang Hong's institutional account also holds Goertek, which has intervened in the stock since the beginning of September last year, and has also done two or three weekly level T operations in the upward relay trend.
From the beginning of September last year to today's price limit, the cumulative increase is nearly 2 or 2 times, and Fang Hong has done several T operations, and the current position yield has reached +312%, significantly outperforming the rise of this stock.
Now all kinds of institutions are also super optimistic about Goertek acoustics, and they are going to investigate, because they have received orders from Xingyu Technology, and this year's performance will definitely skyrocket.
The order of Xingyu Technology not only brought increments, but the most important thing is that the order profit given by Xingyu Technology far exceeds the level of the same industry, so Goertek's performance imagination space this year is very huge, and the capital market is also willing to give a higher valuation.
……
In the afternoon, the meditation villa, the second floor office study.
Tian Jiayi sat in a chair next to him to report the content of Qin Feng's financial report: "The first generation of Xingyu Technology's products was a great success, and according to the sales data of the first week, it is expected to create a total sales volume of 16.5 million to 18 million units in 2010. ”
With the current hot sales situation, the company's expectation is not overestimated, and the S1 mobile phone has no competitors in the mainland market for the whole year of this year.
Of course, this is only possible if the capacity allows.
Tian Jiayi continued: "According to Qin Feng's estimates, if the total year-end sales volume of 18 million is calculated, the company's annual profit scale can reach 24.5 billion to 30 billion yuan, and the profit margin can reach about 35%. ”
Fang Hong nodded without saying a word.
Xingyu Technology is expected to generate more than 70 billion revenue this year, and the profit is expected to be close to 30 billion, and such high value-added profits are real high-tech companies.
Tian Jiayi continued: "However, according to Qin Feng's material report, his plan is to decide to use the 20 billion profit this year to invest in research and development, and compress the company's overall net profit to about 7 percentage points, that is, about 60 billion." ”
There is still a big gap between the technical background of Xingyu Technology and an old technology manufacturer like Apple, and many of them need to catch up.
With the huge profits created by S1, Xingyu Technology also has the confidence to invest in R&D and design chips, and the money earned is invested in R&D to enhance the company's core technology competitiveness, which Fang Hong is very satisfied with.
Not to mention that Qin Feng pressed the company's net profit to 7 percentage points, even if the net profit was negative 7 percentage points, 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 in a loss when it makes money, but it doesn't matter, it can be financed from the capital market at that time, and Xingyu Technology's backdoor listing of A-shares has been on the agenda.
The success of the company's first generation of products, but now is far from the time to enjoy the fruits of victory.
Fortunately, the United States is not so nervous now, although it has also continued to pay more attention to the eastern powers, but it has not yet been treated as the first major competitor.
In the next five years, Xingyu Technology still has time for "development".
Fang Hong thought for a while and immediately said: "It's right to take the road of domestic substitution, I fully support his strategy, but I also want to tell Qin Feng to keep a low profile, if you don't make a sound, it will be a blockbuster, and if you don't hammer, it will be final!" ”
is too high-profile, and may be sanctioned in advance by the United States.
After Tian Jiayi made a memo of matters, he turned to say: "The backdoor listing of Weibo subsidiaries has made a breakthrough in the restructuring of Dasheng shares, and Dasheng shares will resume trading tomorrow and Friday." ”
Fang Hong said: "I don't care how they toss the capital institutions on the bus, but playing the role of a market maker is their obligation to get on the bus at a low level, and do a good job in market value management for the listed companies in the galaxy, and their share of the high-quality underlying assets listed in the future is indispensable." ”
The so-called market maker and market value management, in other words, is to sit in the bank, 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 price of the listed companies of the galaxy, and he didn't care about the sharp rise and fall caused by short-term speculative fluctuations in the middle, but it must correspond to the upward trend of the company's growth curve, and if someone deliberately suppresses the valuation of the listing of the galaxy in the future, they, as friends and interests of the stars, should contribute to the game and put the valuation up.
In the big A market, the funds are actually also distributed, what this gang, that department.
Fang Hong also wants to create the concept of "galaxies" in the secondary market, and it is necessary to do a good job in market value management after the listing of its companies, if it is not regarded, 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 many state-owned listed companies that are indeed not good, and 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 for a long time, state-owned enterprises should be given such a low valuation in the hearts of investors, resulting in the inability to revitalize state-owned assets, and even more cheap by foreign capital.
Similarly, Fang Hong also considered that Qunxing Capital may face a similar potential situation in the future, and it must not be allowed to suppress the asset price of the galaxy, so it is necessary to unite a group of institutions to reach strategic partners to make market makers, which is also the reason for sharing the cake with them, otherwise why should they be given 100% of the things that are guaranteed 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 made the popularity of this stock rush to the top of the list, and shareholders also watched one after another, especially those who held the stock.
Clicking into the stock of Dasheng shares, shareholders saw that the company issued nine blockbuster announcements today, such as "Prospectus on Major Asset Replacement and Issuance of Shares to Purchase Assets and Raise Matching Funds and Related Party Transactions", "Major Asset Replacement and Issuance of Shares to Purchase Assets and Raise Matching Funds and Related Party Transactions (Revised Draft)", "Suggestive Announcement on the Resumption of Trading of the Company's Shares" and so on.
Among them, shareholders are most concerned about the content of the announcement of the resumption of trading of Dasheng shares, especially the retail investors who hold the stock.
According to the Shenzhen Stock Exchange's "Decision on Agreeing to the Resumption of Listing of Dasheng Culture Co., Ltd.", Dasheng shares resumed listing and trading from April 9, 2010. On the first trading day of the resumption of listing (April 9, 2010), there is no limit on the rise and fall of the company's A valuation stock trading, and the price limit of stock trading is 10% from the next trading day after the first day of resumption of listing.
Holders were extremely excited, but they did not expect that there would be no limit on the rise and fall on the first trading day of the resumption of trading, that is, there was no need to count the board, and the restructuring would be good for the day directly.
It is worth mentioning that on the first trading day of the resumption of trading after the suspension of the listed company through backdoor listing and reorganization, some have a limit on the rise and fall, and some have no limit on the rise and fall, which mainly depends on how the regulatory level approves it.
Compared with the story of Dongbai Supermarket that told the concept of restructuring in the past, it is different that Dasheng shares have announced the success of the reorganization according to today's announcement, and the proper pheasant has become a phoenix.
However, the backdoor listing of Weibo subsidiaries is not so fast, after the resumption of trading tomorrow, the securities abbreviation of Dasheng shares is still the original name, and it has not been officially renamed.
That night, the comment area of Dasheng shares' stock bar was very lively, and the shareholders who stepped on the empty were extremely envious, and the holders were also excited to sleep all night tonight, and the lottery will be held tomorrow!
Shareholders are also discussing how much they predict how much Dasheng shares will rise at the opening tomorrow.
After one night, the time came on Friday, April 9, and the last trading day of the week arrived as scheduled.
Retail shareholders who hold Dasheng shares have turned on the computer early before the market opens, cut to the time-sharing market of this stock, and patiently wait for today's opening.
……
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