The characteristics of “two high and one low” of top stream position stocks are significant, and 17 stocks have a sharp correction and high roe.
This March, the global capital markets were not very calm. The three major A-share indexes fell irrationally. On March 15, the Shanghai stock index was only 21 points away from falling below 3000 points. After the special meeting held by the Finance Committee of the State Council on March 16, the CSRC said that it would spare no effort to maintain the smooth operation of the capital market and put forward a number of work priorities, including guiding fund companies to purchase their own shares.
“market stabilizer” spokesperson:
fund companies actively purchase
Boost the confidence of listed companies by repurchasing and boosting the market performance. Fund companies were not idle, and a number of fund companies responded immediately and actively, setting off a wave of “self purchase tide” of public funds.
Self purchase of funds is generally the purchase of funds by fund companies or fund managers out of their own pocket. On the one hand, based on confidence in the long-term healthy and stable development of China’s economy and China’s capital market; On the other hand, fund companies see that the investment cost performance of good companies continues to improve in this process.
According to the statistics of securities times · databao, a total of 51 fund companies have purchased their own funds this year, and as many as 26 funds have started self purchase since March, including South Fund, Huaxia Fund, China Europe Fund, e Fund and so on. The amount of self purchase this year has exceeded 200 million yuan.
Many insiders said that since this year, there has been a “self purchase tide” among fund companies and managers. By aligning with the interests of holders, it is conducive to stabilizing investor sentiment and increasing investor confidence. It also shows a long-term bullish view of the irrational falling market by means of real gold and silver and long-term holding as a professional institutional investor, the self purchase of public funds shows the role of institutional investors as a “stabilizer” of the market and strengthens the mission and responsibility of institutional investors in the capital market.
during year, the net subscription amount of the fund reached a new high in the same period
In fact, the net value of many fund products retreated sharply in 2021, and the confidence of the foundation people was also frustrated. Not only in March, but also in January and February this year, the self purchase scale of fund companies is not low.
According to the statistics of data treasure, as of March 25, the CSI 300 index fell by more than 15% in the year. During year, nearly 80 fund companies purchased funds, with a net subscription amount of nearly 1.3 billion yuan, a new high since 2015 ; The last large-scale subscription was concentrated from January to March 2018, with a net subscription amount of 1.243 billion yuan. At that time, the CSI 300 fell 3.28%.
From the perspective of the types of funds subscribed, since 2022, they have mainly focused on hybrid funds, bond funds and equity funds among them, the subscription amount of bond base accounted for nearly half in March, which may be affected by the large amplitude of the market
newly established fund is the self purchaser camp
What are the specific self purchase funds? According to the statistics of data treasure, since this year, there have been more than 60 funds with a subscription amount of more than 10 million, and two funds have implemented a subscription amount of more than 100 million yuan, which are respectively South MSCI China A50 link a under South Fund and Huatai Zijin weekly purchase a under Huatai Securities Co.Ltd(601688) asset management for six months
From the fundamentals of the funds subscribed, these funds are new funds established since 2022, accounting for nearly half of the funds established in March. Since the establishment of these new funds, they have retreated slightly on average, relatively outperforming CSI 300; The highest yield is mainly based on shares. Since its establishment, the yield of Xinyuan health industry a under Xinyuan fund and two equity funds under Kangtai assets have exceeded 3% , significantly outperforming the underlying index in the same period. The net value of Ping An Zhongzheng medicine and medical device innovation a under Ping An fund has increased slightly since its establishment.
At present, there is still a certain gap from the self purchase scale promised by the fund, but with the issuance of the fund, the subscription amount of the fund company will be in place one after another.
Chongqing Fuling Zhacai Group Co.Ltd(002507) and other 7 shares won Jinglin and Gaoling
well known private placement newly added positions
At the same time, many fund companies also said that they are optimistic about the long-term investment value of the A-share market from the perspective of valuation.
YONGYING Fund said that A-Shares have entered the bottom shock range. With the release of the signal of steady growth and stable market, the market is expected to stabilize and recover.
GF believes that after substantial adjustment in the early stage, from the perspective of risk compensation, the medium and long-term allocation value of A-Shares has been relatively high. Subsequently, with the gradual announcement of the performance forecast of the first quarterly report, the stock price is expected to return to fundamentals.
What are the top stocks and funds of star companies? From the perspective of the holdings held by well-known private placehouses such as the heights heights, high Yi, redwoods, scenic forests, forest gardens, Chongyang investment, Wang Yawei, and other famous private placehouses such as the well-known private equity such as the heights heights, high Yi, and redwoods, such as the well-known ones such as the heights heights, high Yi, and redwoods, such as the well-known ones such as the heights, high Yi, and sesehs, high Yi, yeyeyeyeyeyeyeyi, seseseseseseseseseseseseseseseseseseseredredredredredredredredredredwood, and Wang Yawei, etc. at present, there are 13 shares still held by the heights that are still held at the moment, including (the 10th largest circulating shareholder); At the end of the third quarter of 2021, Jiangsu Hengrui Medicine Co.Ltd(600276) , Autobio Diagnostics Co.Ltd(603658) , Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) did not appear in the latest list of top ten circulating shareholders.
From the perspective of Gaoyi assets, 61 circulating shareholders appeared in the private placement, with a large number of positions, including Zijin Mining Group Company Limited(601899) , Sany Heavy Industry Co.Ltd(600031) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , etc; Among them, new positions Apt Medical Inc(688617) , the eighth largest circulating shareholder of the latter in the fourth quarter of 2021.
Sequoia Capital currently holds 11 shares, including Winner Medical Co.Ltd(300888) , Ganyuan Foods Co.Ltd(002991) , and newly entered positions in the fourth quarter of 2021 Guangdong Dongpeng Holdings Co.Ltd(003012) (the third largest circulating shareholder).
At present, there are 11 shares currently being held in the assets of the scenic forest, including the etc.
In terms of Chongyang investment (Niu Sanxia Chongyang or its funds), at least 16 shares are currently held, including Jingwei Textile Machinery Company Limited(000666) , Zhejiang Nhu Company Ltd(002001) and the top 10 circulating shareholders of Luyin Investment Group Co.Ltd(600784) and so on.
Wang Yawei, who was once the “big brother for public offering”, is the former “big brother” who was once Wang Yawei. Currently, the Yunfeng series private equity fund, which is currently its flagship Yunfeng series private equity fund, appears in the list of circulating shareholders of three shares, including 456 \ \ , dating back to the first quarter of 2020.
Linyuan investment, which won the champion of the ten-year long-distance race, currently holds A-Shares including Shenzhen Auto Electric Power Plant Co.Ltd(002227) , Yihai Kerry Arawana Holdings Co.Ltd(300999) , etc.
top current position stocks have significant characteristics of “two high and one low”
17 shares sharply callback
Compared with other companies in the A-share market, the 115 stocks held by the above-mentioned 7 well-known private placement and big men have the advantages of two high and one low: large market value, high investment return and low valuation
However, from the perspective of market performance, since this year, the correction range of well-known private placement positions has been greater during the year the seven companies with new positions have lower market value and valuation, but higher return on investment
According to the statistics of data treasure, 20 of the more than 100 stocks rose against the trend in the middle age, including Zijin Mining Group Company Limited(601899) , Zhejiang Nhu Company Ltd(002001) , China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) and the average valuation of these 20 stocks was only about 25 times. From this point, it is not difficult to see that with the characteristics of undervalued value, the investment cost performance is higher.
Based on this screening, the current valuation is less than 30 times lower than 30 times, the return on net assets in the latest period is more than 10%, and the return on equity in the latest period is more than 10%. There are only 17 holding shares with a 10% share price callback within the year, of which \ \35 China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) 601 Jiangsu Hengli Hydraulic Co.Ltd(601100) \ \ Gree Electric Appliances Inc.Of Zhuhai(000651) , Sany Heavy Industry Co.Ltd(600031)
A new wave of fund self purchase emerged, and many funds are optimistic about the medium and long-term value of a shares
Apology, bottom reading, self purchase and tens of billions of new private placement have taken frequent actions recently. Is the performance going to reverse?
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