Since the beginning of the year, public funds are making intensive research on listed companies to actively prepare for the layout of “spring broadcasting”. In only 9 trading days since the beginning of the year, the number of public fund research has reached 1644, an increase of 36% over the same period last year. Many star fund managers actively participated in the research. For example, Hu Xinwei recently investigated Tibet Mineral Development Co.Ltd(000762) , Xie Zhiyu investigated Apeloa Pharmaceutical Co.Ltd(000739) and Nantong Jianghai Capacitor Co.Ltd(002484) , private placement boss Deng Xiaofeng investigated Zhejiang Tony Electronic Co.Ltd(603595) , Feng Mingyuan investigated Northking Information Technology Co.Ltd(002987) , Nanjing Yunhai Special Metals Co.Ltd(002182) , Zhao Bei investigated Huadong Medicine Co.Ltd(000963) , Livzon Pharmaceutical Group Inc(000513) , etc.
Many fund managers said that the main line of “performance is king” needs to be grasped in 2022, and the investigation and visit on the real texture level of the company is also being strengthened.
since the beginning of the year, the frequency of public offering research has increased by nearly 40% compared with last year
star fund managers gather in these companies
Although the market adjustment since the beginning of 2022 has frightened many investors, the pace of institutional research has not stopped.
As of January 13, the data showed that in only 9 trading days since the beginning of the year, the number of public fund research had reached 1644, an increase of 36% over the same period last year. Among them, 4 listed companies obtained the research of more than 50 fund companies. The most frequently surveyed Ningbo Ronbay New Energy Technology Co.Ltd(688005) was surveyed by 121 funds. In addition, Huadong Medicine Co.Ltd(000963) and Yangzhou Yangjie Electronic Technology Co.Ltd(300373) were surveyed by 73 and 95 fund companies respectively.
From the perspective of industry distribution, since the beginning of the year, semiconductor equipment, special chemicals, electronic components, new energy and other sectors have been favored by fund companies. In addition, some pharmaceutical and medical stocks were transferred more times in the beginning of the year, such as Apeloa Pharmaceutical Co.Ltd(000739) , Teyi Pharmaceutical Group Co.Ltd(002728) , Zhejiangtailin Bioengineering Co.Ltd(300813) . Companies such as Skyworth Digital Co.Ltd(000810) on the outlet of Yuan universe have also become the research focus of fund companies in the beginning of the year.
It is worth noting that since the beginning of the year, many star fund managers have actively investigated. According to the announcement of listed companies, star fund managers such as Xie Zhiyu and Qiao Qian of industrial fund investigated the “leading API export” Apeloa Pharmaceutical Co.Ltd(000739) , and the share price of Apeloa Pharmaceutical Co.Ltd(000739) rose 52% last year.
In addition, well-known private placements such as Gaoyi assets, Chongyang investment, Xingshi investment and Danshui spring investment are also emerging.
Xie Zhiyu also investigated “China’s aluminum electrolytic capacitor leader” Nantong Jianghai Capacitor Co.Ltd(002484) this year. Last year, the share price of the stock increased by 162.63%.
Gao Yi asset Deng Xiaofeng, China Europe Fund, noan fund, Chongyang investment and other well-known structures investigated the “diamond line leader” Zhejiang Tony Electronic Co.Ltd(603595) . Last year, the share price of the stock increased by 84.27%.
Feng Mingyuan, star fund manager of Cinda Aoyin, investigated Northking Information Technology Co.Ltd(002987) and Nanjing Yunhai Special Metals Co.Ltd(002182) . Last year, the share price of Nanjing Yunhai Special Metals Co.Ltd(002182) increased by 75%.
Hu Xinwei, huitianfu’s “consumption brother”, investigated Tibet Mineral Development Co.Ltd(000762) . Last year, the share price of the stock increased by 309.32%. In addition, stars such as e fund, China Europe Fund and huitianfu fund raised publicly, and insurance assets such as PICC assets, CPIC assets and Guoshou pension also appeared. In addition, Zhao Bei investigated Huadong Medicine Co.Ltd(000963) , Livzon Pharmaceutical Group Inc(000513) and so on.
A researcher in the fund industry said that the research direction of the fund company represents its layout trend in the next stage to a certain extent. The stocks and their industries that have been investigated more often may become the focus of the fund industry in the future. This is why the market pays more attention to the hot research stocks of institutions.
strengthen investigation and visit
we need to grasp the main line of “performance is king” in 2022
For the unfavorable start of the A-share market in the beginning of the year, many fund managers said frankly that it is necessary to grasp the main line of “performance is king” in 2022, and the investigation and visit on the real texture of the company are also being strengthened.
Yuan Zuodong, fund manager of xingyin Fengyun and xingyin Xinghui, said that the research in 2022 mainly focused on two ideas. First, look for excellent industrial directions proved by the market in the past, such as consumption and new energy. The purpose of the survey is to observe whether the industrial development and the company’s business progress are smooth, and then compare the calculation with the company’s market value to see if it is time for proper cost performance. The second is to turn the stone from bottom to top to find an invisible champion enterprise that is “specialized and new”. Because we don\’t know much about these companies and don\’t have a deep understanding, we do research with the mentality of turning stones. After turning 10 stones, we may find two high-quality targets.
Cui Chenlong, manager of Qianhai open source fund, said that he has done a lot of research since the beginning of the year. He needs to constantly research, explore new investment opportunities, or track the latest progress in the industry. After determining the research objectives, I will conduct research online and offline. A common online form is a teleconference organized by listed companies after the release of regular reports. Before the investigation, the fund manager will sort out and compare the company’s historical financial data, competitor profile and other information, so as to determine the scope of information to be obtained from the investigation. In addition to online research, offline field research is more about examining the asset status of enterprises, as well as market trends and dynamics. The information obtained by field research is usually more objective, true and fresh.
Feng Mingyuan of Cinda Aoyin Fund said that the research is actually to update the changes of the investigated companies through these desk work. In the research, we will pay attention to the management’s style and work ideas. Field research can more effectively feel the cultural style of the enterprise, so as to enhance medium and long-term confidence. He also said that it may be wider in the future, because with the increase of management scale, it can not be fully concentrated in one sector for investment, or it will reasonably allocate the industry according to the scale of products and investment research. In addition, it will also make corresponding dynamic adjustments, including the dispersion of individual stocks.
A new energy fund manager in Shanghai said that there was a certain adjustment in the A-share market at the beginning of 2022, especially in the new energy sector, which led the rise last year, and profit taking was the main reason. 2022 is a great year for good companies. The market will show the characteristics of “performance is king”. Good companies with excellent performance are expected to perform better, and investors will pay more attention to the profit growth of listed companies.
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