During the reporting period, the company's main business was oil and gas field equipment and technical engineering services. The company's products and services are mainly used in oil and gas exploration and development, collection and transportation, etc., belonging to the oil and gas equipment manufacturing and service industry, commonly known as oil and gas field services. The company's business is to provide products and services for oil and gas companies to explore, develop and collect oil and gas. With the oil and gas production wellhead as the boundary, the part below the wellhead, the completion of exploration, drilling and completion, the construction operation process of forming the wellhead for the oil and gas field, the fracturing, cementing, continuous tubing and other equipment provided by this process belongs to the oil and gas field equipment; above the wellhead, the separation, purification, collection transportation and transmission of the wellhead after the formation of the wellhead and the collection and transportation project from the oil field to the city or factory are called oil and gas field engineering services, and the equipment module that forms the engineering body is oil and gas engineering equipment. We are committed to becoming a technical service provider and engineering service provider that can provide integrated solutions for oil and gas development
Let's take a look at its basic performance:
First, the fundamentals
Fundamentals
Second, the technical aspect
Shares
Third, finally
(1) The investment situation of listed companies can be divided into four categories:
The first category: good fundamentals, the right stock price.
The second category: good fundamentals, excessive stock prices.
The third category: poor fundamentals, suitable stock prices.
The fourth category: poor fundamentals, excessive stock prices.
For the first type of stock, hold it for a long time until the trend does not change.
For the second type of stock, take profit or keep an eye on it.
For the third type of stock, the control position is performed for short-term operations.
For the fourth type of stocks, resolutely stay away and avoid risks.
The key to investment is to grasp the timing, and the timing, price, mentality and logic of buying and selling are very critical.
(b) the importance of investment choices
The importance of choice: If you choose a good company, time is on your side, on the contrary, time is your biggest obstacle and enemy. Once you've decided to buy, follow a strategy of concentrated investment, long-term holding — focusing on the best companies. The control of risk does not depend on the degree of diversification of the investment objective, but on the true intrinsic value of the investment objective. Changpo refers to the growth space of the industry is large enough, and wet snow refers to the profitability of enterprises. A stock worth investing in must have three characteristics: a good business, good management, and a good price. Buffett once said that life is like a snowball, the most important thing is to find wet snow and long slopes.
(3) Explanation of investment terminology
Davis's double kill was summed up by The famous American investor Davis, that is, the decline in valuation and net profit per share caused by the collapse of stock prices. Stock speculation, in fact, is the "poor expectations", and once the company's financial report is announced, when the company's performance growth rate is lower than expected, it will get double negative effects.
(4) The concept of a famous investor
Munger's Investment Philosophy Learning:
(1) Less is more, stick to their own circle of ability. Munger believes that smart investors bet hard when they see good opportunities.
(2) Slow is fast, the secret of investment to get rich is: there are only a few opportunities in a lifetime, when an opportunity comes, pounce on it and seize it. Investors need to be patient. What you need is not a lot of action, but a lot of patience
(3) Diversification is not as good as moderate concentration.
Munger, buffett's lifelong partner, full of wisdom, is the man behind Buffett
Famous value investor Dan Bin's investment philosophy learning:
(1) Choose a great and excellent enterprise - the importance of choice
The industry space is vast; the business model is reliable and easy to understand; the profitability is high, the financial stability is stable; the commercial barriers are high and the competitive advantage is obvious; the corporate culture is excellent, and the management is trustworthy
(2) Invest at the right price - the importance of timing
Margin of safety for price, providing a higher implied rate of return;
The margin of safety of the price provides better anti-risk ability
(3) With the long-term growth of the enterprise - the importance of long-termism, time compound interest
As the business's ability to operate grows or improves, a return on investment is obtained unless the fundamentals of the business change.
Famous investor Peter Lynch's investment philosophy learning:
(1) The importance of choice: If you choose a good company, time will stand by your side, on the contrary, time is your biggest obstacle and enemy.
(2) The importance of research: If you don't study the company you invest in, stay away from the stock market.
(3) The importance of centralized shareholding: The concentration of several very good companies will bring greater benefits.
(4) Risk of bottom reading: reading the bottom of a rapidly falling stock is like grabbing a falling knife.
(5) The key to investment: The key to determining the success or failure of investors' investment lies in the patience of investors.
How to invest in stocks, each investor must explore to establish their own investment value system.
Templeton Teaches You How to Reverse Invest.
(1) "Bull markets are born in pessimism, grow in doubt, mature in optimism, and die in excitement." The most pessimistic moments are the best time to buy, and the most optimistic moments are the best times to sell. ”
(2) When to buy? Buy at extremely pessimistic points, and it is impossible for anyone to buy the lowest point, relative to the bottom area.
(3) When to sell? Sell when the market is extremely frenzied, and everyone is bullish.
Contrarian investment thinking is an anti-human way of thinking, but it is the true meaning of investment. Bull markets are born out of pessimism, grow out of doubt, mature because of optimism, and die of ecstasy. When extreme pessimism is pervasive, it is the best opportunity to buy, and when extreme optimism is overflowing, it is the best opportunity to sell. Contrarian investing is characterized by independent thinking and not following the trend. Focus on industries and individual stocks that have been temporarily ignored by the market and have explosive growth potential in the future. Calmly open a position at a lower price, and enjoy explosive growth after the investment target has received market attention
Think the other way around. Contrarian investing thinking.
Specific summary:
(1) Zhang Kun: In the case of a margin of safety, buy excellent enterprises with strong growth certainty, deep moat, good business model and strong free cash flow, conduct in-depth research, concentrate on holding, and obtain long-term stable returns by accompanying the growth of excellent enterprises.
(2) Xu Xiang: Contrarian thinking: When the market report is optimistic and the stock price rises sharply, it quietly goes out, and the selling price is often the top of the stage of the market.
(3) Buffett: Margin of safety: The secret of investment to reduce losses is only four words, that is, the margin of safety, which is that the stock price is lower than the intrinsic value of the listed company.
(4) Munger: Think in reverse, think in reverse. The secret of investing to get rich is: there are only a few opportunities in a lifetime, and when an opportunity comes, pounce on it and seize it. Investors need to be patient. What you need is not a lot of action, but a lot of patience
(5) Templeton: Bull markets are born in pessimism, grow in doubt, mature in optimism, and die in excitement. The most pessimistic moments are the best time to buy, and the most optimistic moments are the best times to sell. ”
(6) Zhang Lei: Weak water three thousand, but take a scoop. I don't like to do the tiannu scattered fancy investment, but hope to seize the most valuable investment opportunities, with ultra-long-term capital to maximize the investment in the enterprise.
Livermore Investment Philosophy:
(1) Never share losses equally, and be sure to keep this principle firmly in mind
(5) The original intention of investment
There's a Wall Street proverb, "The No.1 rule of the game is to stay in the game." That said, one of the most important rules for investing in this game is to stay in the game and not be kicked out. Only if there is enough margin of safety for each investment will it not fail out.
"The world is long and fleeting, some people see dust, some people see stars. You really have only one choice in your life, should you be illuminated by dreams, or by money?
Cognitive thinking changes destiny.
[Disclaimer: The content of this article concerning listed companies is based on personal analysis, collation and judgment made by listed companies based on information publicly disclosed by listed companies in accordance with their statutory obligations (including but not limited to interim announcements, periodic reports and official interactive platforms, etc.); the information or opinions in this article do not constitute any investment or other business advice, and do not assume any responsibility for any actions arising from the adoption of this article. Remind investors that investment is risky, and they must be cautious when entering the market.