The tumbling stock market has not crushed the confidence of private equity institutions.
On April 22, the well-known 10 billion private placement of Shi Feng assets announced that since September last year, the company, employees and shareholders have subscribed for 108 million yuan of the company's fund products.
Shi Feng's assets are not an example. According to the statistics of three-party institutions, 11 private placements have announced self purchase this year, with a cumulative amount of nearly 1.4 billion yuan, of which 9 private placements with 10 billion yuan have reached 1.18 billion yuan. Up to now, several private 100 million yuan self purchase plans have been completed, including Jinglin assets, Hanhe capital, Yong'an Guofu, Lingjun investment and magic square quantification.
several private placement companies have completed the 100 million yuan self purchase plan
Shi Feng asset was founded in 2015. The company has developed rapidly in recent years. The core figures Cui Hongjian and Guo fengben have served as the main principals of large asset management companies. Shi Feng assets also stressed in this announcement that the company is optimistic about China's economy and capital market for a long time and has full confidence in the company's fund products. The company and its shareholders will continue to increase their holdings of the company's products in the future.
in addition to Shi Feng's assets, a number of private placements have also launched 100 million yuan self purchase plans this year, most of which have been completed
On January 28, the 100 billion level private placement Jinglin asset release project announced that the company and relevant fund managers would apply for the company's fund products within 30 trading days from the announcement date, with a total amount of not less than 100 million yuan and a holding time of not less than three years.
Also on January 28, magic square quantitative announced that all employees and shareholders will raise no less than 150 million yuan of their own funds within three trading days. At the same time, the company will raise no less than 200 million yuan of their own funds within 10 trading days. A total of 350 million yuan will purchase all the products of the company and invest in the equity assets of the A-share market.
Lingjun investment also announced on January 29 that the company and its shareholders will increase their capital by 150 million yuan with their own funds, apply for their own products within five trading days, and firmly hold them for a long time.
From the announced deadline for subscription, the self purchase plans of Jinglin, magic square and Lingjun have long been completed. In addition, the self purchase plans of Hanhe capital and Yong'an Guofu were also completed in mid April, and the purchase amount also exceeded 100 million yuan.
On April 12, star private placement Hanhe capital announced on the official wechat that the self purchase funds had been paid in April, with a total of 25.34 million yuan this time. So far, all fund products purchased with self owned funds have been paid, with a total of 10.07 million yuan.
Yongan Guofu's 100 million yuan self purchase plan was also completed on April 11. The company also disclosed in its announcement on April 12 that the company's own funds held a total of 692460900 fund products.
a shares where to go? When to get out of the epidemic and become the focus
Zhuang Tao, chairman of Panjing investment, admitted in a letter to fund investors that at present, the biggest risk is still the uncertainty of war and epidemic situation. If the two core risks are not relieved, the extreme style of A-Shares may continue. If the two risks are extreme, it is not ruled out that this year will be a "bear market" for growth stock investors.
nevertheless, looking at it for a long time, Zhuang Tao thinks it can be more optimistic:
First, with regard to the Russian Ukrainian war, China has repeatedly stated that it will earnestly abide by the purposes and principles of the Charter of the United Nations, firmly advocate respecting and safeguarding the sovereignty and territorial integrity of all countries, support and encourage all diplomatic efforts conducive to the peaceful settlement of war crises, and still adhere to reform and opening up;
Second, the epidemic situation is really worrying, but if you look at the world, no country can not pass this threshold. After all, the toxicity of covid-19 virus is lower from the current severe rate.
Wu Junfeng, investment director of qinghequan capital, proposed at the online strategy meeting recently that the current market is at the bottom area, and how to go in the future depends on the change direction of market concerns. In his view, there are two core contradictions in the current market: one is the change of the epidemic, that is, how to deal with the current dilemma. Before returning to normal life, the performance of the market will be messy. Second, the key to steady growth. This point needs to be further clarified at the high-level meeting at the end of the month. If the above two major problems undergo positive changes or even substantive reversals, the market is still very likely to get out of the bottom.
Xingshi investment recently released its investment strategy for the second quarter of 2022. The agency believes that the current stock market has entered the value area.
Xingshi investment pointed out that in terms of valuation, the current A-share has shown a high cost performance in both horizontal and vertical comparison. Basically, the long-term value increases and the medium-term trend improves. The long-term profitability of A-Shares has been improved, and RMB assets are becoming a global consensus. The end of the medium-term policy has come, and the end of the profit is coming. At present, the high risk premium of A-Shares indicates the downturn of investor confidence, while positive changes have emerged and a turnaround is brewing. On March 16, the gold stability meeting confirmed the policy end. Considering the impact of the epidemic in the second quarter of this year and the base factor, it is expected that there will be a profit end in the first half of this year, and the market will take the lead in reflecting this change trend.
"In the context of high global inflation and the start of the Fed's tightening cycle, the valuation pressure at the denominator end will continue to exist, and the medium and low value assets with improved fundamentals are more worthy of expectation. On this basis, we continue to focus on consumer assets with low price to book ratio. In specific direction, we focus on: air tourism, medicine, logistics and advertising media industries." Xingshi investment said.
