For the first time, the company has appeared in the top ten shareholders of the GEM and even became the largest tradable shareholder of Kunlun Wannengwei.

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The farthest distance in the world is that you bought a beautiful 50, but I have a heavy GEM!

The national team's whereabouts has always been the top priority of the market. The semi-annual report data revealed the new trend of the national team. The operation of the securities company in the second quarter, or the direction of the GEM: The daily limit stocks know long ago

As of July 25, the latest data, the securities company appeared in the top ten shareholders of the two GEM companies, respectively, Kunlun Wanwei 300418, stock bar and Sujiao 300284, stocks, the second quarter to buy 23,125,300 shares With 9,246,900 shares, the shares accounted for 2% and 1.66%, and the securities company became the largest tradable shareholder of Kunlun Wanwei. What is important is that this is the first time in the history of the company to buy GEM stocks and become the top ten shareholders.

After the plunge, the overall valuation of the GEM tends to be at the bottom of history. Many stocks have also hit a record low. The call for bargain-hunting is ringing again. However, there are also views that it is prudent to bargain. Therefore, buying or continuing to wait and see is a dilemma.

Semi-annual report data reveals the national team's whereabouts

The securities company settled in the top ten shareholders of two GEM companies

Year-to-date, the SSE 50 index led by the beautiful 50 rose 15.57%, while the GEM index fell 13.96%. The most important thing is that when the GEM went down, many of the leading companies in the GEM had negative news such as a sharp decline in performance, a debt crisis, and a questioned performance. They once let the market talk about “creating” discoloration.

However, the semi-annual report data gave the GEM investors a feeling of “selling in the snow”.

On the evening of July 24, Kunlun Wanwei disclosed the semi-annual report. The company achieved a net profit of 384 million yuan in the first half of the year, a year-on-year increase of 57.52%. It is worth noting that in the second quarter, the company's top ten shareholders of the new company, holding up to 23.1253 million shares, accounting for 2% of the company's total share capital, is the fifth largest shareholder.

Moreover, the securities company has become the largest tradable shareholder of Kunlun Wanwei.

Among the top ten shareholders of Sujiao, the securities company is listed in the company, holding 9,246,900 shares, accounting for 1.66%, ranking the fifth largest shareholder.

We must know that this is the history of A-shares. The securities company bought the GEM for the first time and became the top ten shareholders.

The first time the securities company entered the top ten shareholders of the GEM company

After the stock market crash in 2015, the securities company aggressively bought A-share listed companies to provide liquidity in the A-share market. However, the brokerage Chinese reporter looked through the position records of the securities company and found that the securities company never entered the top ten shareholders of the GEM company, even if the securities company holds 743 stocks and there is no GEM stock, so the above two stocks It is the first time that the company has entered the top ten shareholders of the GEM company.

According to the data of the third quarterly report of 2015, the securities company holds 743 stocks, including 531 main boards in Shanghai stock market and 212 main board in Shenzhen. There is no small and medium-sized board and GEM company;

According to the 2016 annual report, the securities company holds 388 stocks, including 288 Shanghai stock boards and 100 Shenzhen stock boards. There are still no small or medium-sized boards or GEMs;

According to the data of the first quarter of 2017, the securities company holds 388 stocks, including 304 Shanghai stock boards and 84 Shenzhen stock boards. There is still no small or medium board or GEM.

In fact, before the stock market crash in 2015, the securities company was not active in the A-share market:

According to the 2013 annual report, the securities company only holds 8 stocks, namely ICBC, Sinopec, China Construction Bank, PetroChina, Shanghai Pudong Development Bank 600000, stock bar, Bank of China, CITIC Securities 600030, shares, China Life, all Shanghai stock market big blue chip;

According to the 2014 annual report, the number of shares held by the company fell to five, namely Sinopec, Industrial and Commercial Bank, Shanghai Pudong Development Bank, PetroChina, China Life Insurance, and also the blue chip of the Shanghai Stock Exchange.

According to the data of the first quarter of 2015, the number of shares held by the company has dropped again, holding only 2 shares of Sinopec and China Life;

According to the data of the semi-annual report for the first half of 2015, the position of the securities company was slightly adjusted, but it still holds two stocks, namely Sinopec and PetroChina.

The semi-annual report of the national team's latest shareholding list

As of July 25, some companies have published semi-annual report data, and the national team has appeared among the top ten shareholders of 21 listed companies. There were 4 changes in positions, including Kunlun Wanwei, Hikvision 002415, shares, Goer shares, and Sujiao.

Among them, Kunlun Wanwei and Sujiao are the first time the securities company bought and became the top ten shareholders; Hikvision and Goer shares were held by Huijin, and they were added in the second quarter and bought separately. Into 2,139,600 shares and 15,786,900 shares.

Four major guesses for the securities company to buy GEM stocks

1. GEM valuation has been recognized by the market

According to Wind data, in November 2012, the valuation of the GEM hit a record low, with a price-to-earnings ratio of 29.44 times. As of July 25, the latest P/E ratio of the GEM is 37.09 times.

In this way, compared with the 133 times P/E ratio in May 2015, the valuation of the GEM has dropped significantly and ushered in the relative bottom in the short term. At the same time, the latest 37.09 times P/E ratio of the GEM is slightly higher than the US Nasdaq KLCI by 34.3 times. The difference between the two is the lowest level since the GEM index was born in 2010. In other words, the GEM is approaching the Nasdaq valuation level and funds are returning to value investments.

2, blue chip white horse stock price is not high

Since the beginning of the year, the SSE 50 Index has risen 15.57%, and this increase does not fully demonstrate the madness of the blue-chip white horse stocks this year. According to the statistics of Chinese brokers, the new stocks listed after November 2016 were excluded. Since the beginning of the year, there have been 64 stocks that have increased by more than 50%.

A simple look, Bayi Iron and Steel 600581, stocks rose 97.30%; Luoyang Molybdenum rose 95.38%; Hikvision rose 94.83%; North China Express 000916, stocks rose 87.63%; Gree Electric Appliances 000651, stocks rose 75.68%; Wuliangye 000858, stocks rose 65.51%; Hisense Kelon 000921, stocks rose 59.21%; Midea Group rose 58.63%......

The surge in blue-chip white-horse stocks has made its most attractive low-value features less obvious. Especially when the white horse stocks have risen by 50% or more, the price-earnings ratio of some stocks has reached an all-time high. For low-value enthusiasts, the price/performance ratio of investment white horse stocks has begun to slowly decrease. In contrast, the FBMACE is falling, and the overall P/E ratio has tended to be historically low.

3, the GEM continues to input fresh blood

Since its establishment in 2009, the GEM has been highly anticipated. Many companies have adopted innovation and technology as the label to reflect the development of the new economy.

On July 14th, Huada Gene was listed on the Shenzhen Stock Exchange, which injected fresh blood into the GEM. It also became the 2001 listed company of the Shenzhen Stock Exchange, which means that the listed companies in Shenzhen have entered the “two thousand eras” and become An iconic time node for China's capital market construction.

It is worth mentioning that Wang Jian, chairman of Huada Gene, also announced a five-year non-reduction commitment at the listing ceremony, stating that “I will not personally reduce the holding of Huada stock for at least five years; the genetic related disability does not decrease, I Not only will not reduce the holdings, but will continue to work in the disabled associations. Huada will continue to make long-term investment, not eager to be short-term in the near future. I have confidence and patience."

The GEM represents a new economy and represents a high growth. The data shows that the three indexes with the highest increase in the past decade are the small and medium-sized board, the CSI 1000 and the entrepreneurship 300, both of which have increased by more than 150%, while the SSE 50 index has risen less than 30%.

In addition, at the company's listing point, the CSRC has placed a “heavy soldier” to prevent the company from being listed on the disease. As of July 21, there were 39 companies in the review in July, of which 5 companies were rejected, and 1 company suspended the vote. The approval rate was only 84%.

4, the GEM has a wrong market

Since the beginning of this year, the GEM has been falling, especially the performance of the first-largest market capitalization of Wen’s semi-annual report has dropped by nearly 80%, and the star company LeTV 300104. To, accelerated the decline of the GEM.

In fact, this round of decline in the GEM, the impact of emotional factors is greater than the fundamentals of the GEM companies, especially under the leadership of several major heavyweights, many stocks have been wrong. Looking at the performance forecast of the GEM's 2017 semi-annual report, there are also a few pre-history performances, and the number of stocks with a P/E ratio of less than 30 times is also increasing. Such "real growth" stocks are likely to have been killed in the market environment.

It can also be seen from the stock selection of the securities company that the securities company is selecting quality stocks:

Kunlun Wanwei 2017 semi-annual report: the company achieved operating income of 1.737 billion yuan, an increase of 41.73%, net profit of 384 million yuan, an increase of 57.52%, earnings per share of 0.33 yuan.

Sujiao's first half of 2017 performance forecast: It is estimated that the company's net profit for the first six months of 2017 will be 138 million yuan to 163 million yuan, compared with 126 million yuan in the same period of last year, an increase of 10.00% to 30.00%.

BOC International also believes that it is worthwhile to find opportunities in the GEM: According to statistics, the overall profit growth rate of the GEM companies that have disclosed the interim report has risen from 66% in the first quarter of 2017 to 66%, and the growth rate of the small and medium-sized board is 32%. It is basically the same as the first quarter of 2017. For the GEM, the largest contribution to the profit growth of the sector is electronics, chemicals and machinery. On the whole, the cycle is determined to fall to the top, growth is expected to stabilize, and some chances of killing are worthy of grasp.