At a glance, the pigs and sheep changed color, and the pancake market was grandly opened. After yesterday's fall, the China Securities Regulatory Commission (CSRC) answered a press conference on the dividend and delisting system, pointing out that the delisting rules were revised and clarified the rumors about small-cap stocks, which were considered to be pure misreadings. Yesterday, 1,000 companies fell by more than 8%, and today's 1,000 companies rose by more than 8%, and the short-term fluctuations are not too much interest in individuals, but the easy to go extreme to investor sentiment is intriguing
Today's more than 5,000 individual stocks are red, you don't have to guess, micro-cap stocks must be yesterday's ICU, today's KTV, reversal is like a flip book, at the after-hours answer press conference, the spokesman of the China Securities Regulatory Commission clarified several misreadings in the market, saying that if the company is only implemented because the dividend is not up to standard by the implementation of other risk warnings (ST), it will not lead to delisting. After the current calculation, the number of companies that will be delisted by the Shanghai and Shenzhen stock exchanges next year is expected to be about 30. At the same time, the CSRC has made prudent arrangements for the standard setting and the transition period, in order to clear out the zombie shells and black sheep, not the size. In recent years, I have become more and more aware of the extreme, intermediate, rational and objective interpretation of A-shares, which is disappearing. But there is no doubt that investment still needs to be rational, elephants can dance, no problem, and small market capitalization can also be small and beautiful, blooming new flowers. The current valuation of micro-cap stocks is 60 times, which is by no means healthy, and the overall overvaluation is an objective phenomenon, but on the other hand, there are many micro-cap stocks that have their own business development quality is not bad. Since the second half of last year, we have paid more attention to Weili Medical, the company has a certain weight in the sales of medical consumables in overseas markets, and the listing rate of urinary, reproductive, and anesthetic tubing markets in the entire country exceeds 1%.
There are 9 trading days left in April, as the most important trading month of the year, the main line of this month is to pass the performance, and prosperity is king. The electrical equipment mentioned last week has changed the sentiment of the sector due to the profit growth data in the first quarter generally above 30%. If the prosperity changes, memory as four consecutive quarters of data are repairing and improving the subdivision of the industry, its stock price performance is definitely worth paying attention to, the industry logic is mainly the inventory cycle and downstream servers and other market expenditures have made breakthrough changes, as part of the semiconductor segment, the competition pattern of memory chips is close to oligopoly competition, several head companies, can confirm the supply and price of products. In China, we have been paying attention to GigaDevice and other companies, and last year, in the improvement of industry data, the company continued to hit a new low, embarrassing the old nose, but fortunately, being late is better than not at all. In addition, there are changes in the PCB market, and several leading PCB companies we have recently obtained, such as Shanghai Electric Co., Ltd., Shennan Circuit, etc., the company's performance growth rate in the first quarter has exceeded 80%, which is related to the low base last year, but the main AI expenditure is indeed effectively supporting the industry's prosperity. Isn't investment just about seeing who is doing well in business?
The chairman of the China Securities Regulatory Commission, the new official took office three fires, the era of strong supervision is coming, this period has recently been investigated by a number of brokerages, the most famous of course is CITIC Securities and Haitong Securities, Wolong Phoenix Chick in the nuclear titanium dioxide shareholders of the private placement of shares refinancing on the planting, at 80% of the market price to complete the private placement of shares, not only locked, but also sold directly to retail investors in the secondary market refinancing, which can be punished. The more this dark side is exposed, the better, and China's securities industry needs to make a revolution in the depths of its soul, and it can't be fined three more glasses of wine. Some small brokerages are also deflated, Soochow Securities in the Northeast Shenwang Zixin Pharmaceutical and Huang Guangyu's Gome Communications non-public offering did not be diligent and responsible, killing the rod immediately on the body, very good, very good, since ancient times black and white color, don't pull down to become a Buddha, A shares chaos to the big governance, to take the "road of the world", of course, brokers, know that mistakes can be changed, they are still good comrades, the domestic brokerage industry can not be mercenary, need to take the righteousness
Where you are close to money, you are generally far away from human nature, so don't test human nature with money. In the past few years, the savage growth of public funds has exposed a very serious governance crisis, and what if fund managers who take value and growth as the basis for variety allocation play collusion and Ponzi schemes? No, the recent sentencing of Cai Songsong, a well-known fund manager, has led to a big uproar in public opinion. In a word, don't make money, call me Manager Cai, lose Cai Songsong, who called me a rookie dog out of the circle, his personal resume is very glorious, but after becoming bigger and stronger, the devil in his heart can't hold it, and the operation of frequent increases in the continuous decline of Zhuosheng Micro's stock price is incomprehensible, and the operation of thunderstorm varieties such as San'an Optoelectronics also gives people confusion. One of the rational analyses is that they took over the repurchase at a high level, and there are also interpretations that the rat warehouse east window incident occurred. The investment in public funds, I always adhere to the rational value of the main, the track type, the drifting type, the style of the player has always been respectful, financial principles, the reasonable formation of portfolio investment can effectively reduce the risk, to achieve steady profits, deviate from this only said income, no wonder some friends to lose money. We can't be upset that a few mice spoiled a pot of soup. Investing needs to toast to the past and walk alone on the road of rationality - now is the ideal time to re-engage in equity mutual funds
Gold, which has been talked about a lot recently, has recently seen an interesting divergence, and the price of spot gold is still rising sharply, but the holdings of gold ETFs have quietly decreased. Gold has strengthened in recent years, and the grand narrative is mainly a variety of unreliable operations in the big and beautiful countries, gold does not generate interest and does not increase in value, but gold is like a ruler, reflecting the unbearable dollar system. Since 1970, gold has been the general equivalent, and it has been, while the dollar has depreciated by 99%. This US dollar interest rate hike did not harvest the most desired eastern powers as prey, and could only change hands to cut Germany, Japan and South Korea. The inexplicable rise of the Japanese stock market in the early stage made many people shout long live, financial alchemy, the US imperialists had fun, no pull up and no routine, any pull up without fundamental support, valuation, just hooligan. Gold, logically the trend is still not complete, but it should be emphasized that just as you can't buy stocks at a high level, don't easily sell colored varieties at a high level. Do not stretch out your hand, for you will be caught
After the National Nine Articles, the era of value investment, long-term investment, dividend investment and index investment has arrived, are you ready?