Jinniu fund Penghua pension industry stock fund recently released the fourth quarter report of 2021. Wang Zonghe, the fund manager and Taurus fund manager of the fund, pointed out that the development prospects of relevant industries have changed profoundly since the fourth quarter. Value investment is still the most effective and executable investment method verified for a long time. In the future, we will still look for more opportunities in companies that can realize value growth space. In the context of technological innovation, China’s economy will produce more new industrial ecology and breed more excellent companies.
Wang Zonghe pointed out that the market has maintained a state of shock since the fourth quarter, showing two characteristics: first, there are few typical sector opportunities; Second, the policy has a far-reaching impact on the industrial ecological environment and the future operation of related companies. In the continuous change, the expected change is particularly intense. The investment style of in-depth research, long-term shareholding and low turnover rate has been greatly challenged. The main reason is that the background of the times and the prospect of the industry’s own development are undergoing profound changes. The certainty of the future development of some industries is questioned by the market, including education, real estate, Internet, medicine, etc. the expectation of the consumer industry has also been affected. In this context, their short-term valuations have fluctuated greatly.
For the investment work carried out in the fourth quarter and even in the future, Wang Zonghe pointed out that it mainly includes two aspects: first, evaluate the long-term ecological environment of the industry in which the individual shares are held, the certainty of the company’s long-term growth, and fully measure their value space. Second, we have also made a lot of progress in expanding the capability circle. We hope to find excellent racetracks and excellent companies in new industries and earn the income from the value growth of these enterprises for investors.
Penghua Wang Zong managed the Penghua pension industry, the top ten positions in the fourth quarter, apart from the regular Baijiu stock, there are Aier Eye Hospital Group Co.Ltd(300015) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Betta Pharmaceuticals Co.Ltd(300558) and other medical and technology stocks. Among them, Contemporary Amperex Technology Co.Limited(300750) is a new heavy warehouse stock in the fourth quarter.
