Body defect is negative hearsay, collect of one billion four hundred and ten million and sixty-five

Recently, one " the illicit collect that is far from public line of sight one elder brother " the article travels extensively in friend circle, and content pointed to collect of one billion four hundred and ten million and sixty-five thousand four hundred and eight illicit Jing Lin asset and accuse person Jiang Jinzhi actually. 14 days of evening, scene forest asset releases statement to say, concerned Yu Jinglin and Jing Lin control person Jiang Jinzhi actually the article of negative news, content is serious inconsistent with the facts, be suspected of slandering, the legal responsibility of the person that find out cause trouble.

And for clear the air, on July 16 afternoon at 4 o'clock, jiang Jinzhi holds investor video to communicate meeting, with main client communication market invests strategy, the investment chance that how takes 5 grain fluid is he? At present additionally liquor appraise is worth after all expensive? How Jiang Jinzhi says in light of.

To the disloyal article that circulates this on the network, scene forest asset is in evening released announcement to undertake clarifying on July 14, notable is, since hold water, jing Lin all the time very low-key, jiang Jinzhi accepts media very less also to interview, even if the illicit collect that grows to be fastened for one billion four hundred and ten million and sixty-five thousand four hundred and eight class, jing Lin seldom also phonates in the market, and the client is held to communicate now can appear not common.

On July 16 afternoon at 4 o'clock, jiang Jinzhi holds investor video to communicate meeting, can go up in investor video, the investment practice that Jiang Jinzhi reviews associate with a few years and the investment concept that share him. Scene forest asset regards illicit collect as the evergreen tree of the bound, its manage dimensions to be stabilized for a long time also in the first echelon formation, concept of investment of its importunate value is so deep that concept of investment of its importunate value the market approbates, to this Jiang Jinzhi also did summary.

Public data shows, scene forest asset is one appears on the market with investment the asset management company that company stock gives priority to, establish up to now dedicated all the time invest at value, often use the research technique of PE equity fund, suffer outside praise highly fully. Regard core as the character's Jiang Jinzhi, the aureate China fund that its manage, according to illicit collect data of the net that discharge a platoon shows, up to this year on May 31, since aureate China fund holds water, accumulative total accrual is amounted to 2235% . Came 2004 during 2014, this fund is in after deducting administration fee and outstanding achievement deduct a percentage from a sum of money, ever created redound of 10 years of high specified number of 10 times for investor.

But notable is, enter 2018, collect of illicit of as large as majority share is similar, jing Lin's product because the market is small,also experienced low ebb, time remove extent to exceed 20% , the range of loss of aureate China fund of Jiang Jinzhi management also is as high as 22.89% ; Scene forest capital is additional two big " star " Cheng of fund manager Gao Yun, Jiang Tong, although innovation gave admirable outstanding achievement in the past, but also appeared 2018 slippery iron Lu, among them, the Jing Lin that tall cloud Cheng manages is dovish last year deficit 23.27% , jing Linfeng of product of Jiang red delegate accepts loss 25.19% .

And Jing Lin's condition is returned to once more this year, according to statistic of the conduct financial transactions on case, the average first half of the year outstanding achievement of scene forest asset exceeds 30% .

This year first half of the year, field of A stock market is clear get warm again after a cold spell, many go up bigger, and scene forest asset was captured 2019 first half of the year rebound, according to illicit collect data of the net that discharge a platoon shows, jing Lin represents a product below property division, the aureate China fund of Jiang Jinzhi management is up to the accrual May 31 since this year 27.22% ; The Jing Lin that additionally tall cloud Cheng manages is dovish since this year up to on June 28, accrual is 32.87% .

And to afore-mentioned outstanding achievement, jiang Jinzhi expresses on the video conference now, jing Lin's outstanding achievement basically comes from long-term importunate value investment concept and with make industrial way the thorough research that main to the enterprise area has; The company is worth in appraise reasonable and underestimate a value to fall, hold to Gao Cang for a long time, chose the most preeminent company at the same time, the company with extended the most preeminent hold. The company is certain, share price has high dependency with the outstanding achievement of the company, short-term see a likelihood agree not completely, but looking for a long time is height certainly relevant.

Jiang Jinzhi expresses, every time accomplishment actor is blue when it is good to plan a show, the outstanding achievement of company product is very good, enjoyed performance not only actor is blue chip outstanding achievement grows, and still enjoyed these companies to be worth a discount to be worth reasonable double bonus to appraise from appraise, for instance enterprise of some liquor bibcock: Since appearing on the market, market prise rose 137 times, net profit rose 129 times. Enterprise of some Internet bibcock: Since appearing on the market, market prise rose 329 times, net profit rose 217 times. Through extended hold such high grade stock obtained very outstanding product outstanding achievement, and anthology was opposite preeminent industry bibcock company held to long-term Gao Cang hold.

And show according to data of Oriental fortune Choice, first quarter end, scene forest asset is in A heavy storehouse it is 5 grain fluid, big respectively China share, add up to Cheng Gui course of study, Fu Anna. Among them 5 grain fluid is the biggest heavy storehouse, enter the 10th large current stockholder that is 5 grain fluid newly first quarter this year, hold a product to be fund of scene forest value, one season end holds an amount to be 10.53 million, if hold an amount to did not change up to now, the market prise that maintain a warehouse amounts to 1.3 billion yuan. The beginning of the year up to now, the share price of 5 grain fluid is greeted erupt, go up exceed 150% , fund of scene forest value should be harvested quite abundant.

Another heavy storehouse for big China share, among them fund of scene forest whole world takes hold newly first quarter this year big China share nineteen million nine hundred and four thousand eight hundred, fund of scene forest value takes hold newly first quarter this year big China share eighteen million eight hundred and twenty-one thousand one hundred, rank the 8th respectively, the 9th large current stockholder, aggregate hold 38.72 million, not of Guo Dahua share performance is average this year, up to now share price goes up 24.47% . Other a few stocks maintain a warehouse market prise all not tall, promote enjoy enterprising Jing Lin to combine line of business flourishing silicon newly first quarter 1 this year into hold two million one hundred and eighty-two thousand one hundred, promote enjoy enterprising Jing Lin Fu Anna of a hold eight million eight hundred and sixty-eight thousand eight hundred.

On the video conference now, jiang Jinzhi expresses further, the company is in underestimate value and reasonable circumstance to fall, apt tall storehouse extended hold is outstanding company. We are in storehouse choice moment can consider repeatedly is hold stock good, or hold cash and national debt are good, would rather bear the short-term wave motion of share price. We not when choose, but also do not make a choice in big opportunity field on behalf of us, appraise value is too for instance expensive we also can sell piece, when market panic, value is underestimated badly we choose to go against situation buy, we grasp long cycle and big inflection point. So our outstanding achievement also can have a fluctuation, short-term fluctuation is us be short of regret.

Have investor care, in grow or below setting of trend investment style, is the Jing Lin of the delegate that regards value as investor how answer? Jiang Jinzhi expresses, the marrow that value invests is to believe good business can be created above quota accrual, the money that earns company growth the money that is not market gain play chess. Jing Lin is in A product, the outstanding achievement after 2015 is relatively outstanding, and before this, a the expression of the product is not so outstanding. 2012 - 2015, field of A stock market more it is in angle the trend invests an opportunity, be valued more and buy recombine, board piece annulus move, the market heat hype such as subject matter, this style was held at that time the mainstream of the market, the grail with outstanding to main area market is blue prepare section chief period to underestimate, and the company that acclaims to the concept is excessive chase after hold in both hands, brought up many myth.

Below such big environment, jing Lin still chose to stand fast oneself investment style. Be in so 2012 ~2015 year this paragraph of time, although Jing Lin's outstanding achievement is stable, but be behaved in a person of same business and do not highlight especially. Interesting is, on the meeting Jiang Jinzhi still does not forget to speak oneself, 2012 ~2015 year, go out to follow client communication, road to act, bargain is worth main area of investment and corporation, still be mocked " see main area be defeated was in on the scratch line " .

Jing Lin's investment is actually decision-making it is to be based on company future to grow what periodic determinism grows and make to be bought decision-making. Accordingly, 2012 ~2015 year the market, preference subject matter, the style that very frequent speed gives short-term advantage quickly does not suit the preference Jing Lin, did not participate in so. The rate changing a hand of fund of scene forest value under the industry average level, changed a hand to lead 2018 only 1 times, 2019 up to to yesterday the rate that change a hand has 0.38 only times. We are right A the outstanding achievement of the product did historical analysis, every time blue prepare when an expression is very good, our outstanding achievement is relatively very good, this was enjoyed with what we mention grow + appraise is worth the logic of double bonus of regression to agree.

Investor cares, below current prices, are you still basically in order to consume give priority to? For instance liquor feel appraise value is more expensive, have more the industry choice of actor? Borrow this whether introduce those who issue Jing Lin to choose a logic? To this Jiang Jinzhi expresses, at present the growth of Chinese GDP is formed in light of, the contribution that home consumes is spent occupy than be in 8 into the left and right sides, investment contribution is spent occupy than be in 2 into the left and right sides, only outlet contribution is spent occupy than very low. Because need to grow inside this,be the investment opportunity with highest determinism, at the same time investment is consumed still can the risk that evasive trade friction and investment glide.

At the same time consumption upgrades is the big trend of 10 years of above, because China is sure to make the consumptive market with the biggest whole world and population of medium income group the biggest country, want the top-ranking consumable brand that is China only so, can be the company with an income giant latent capacity. Again the content fluid that we have the channel of electronic business affairs that develop, good petty gain on overlay is, so Chinese spending increases a space to still have multiple opportunity. If you know China still has 1 billion person to had not taken a plane, 10 much people never had gone abroad, you can understand this Xue Po has how long, snowball can boil how old.

Besides consuming kind of company, we are valued as much other the tall determinism company that has big circuit, we are paying close attention to the investment opportunity in the industry such as TMT, finance, medicine extensively. At present estimate of bibcock liquor company is worth already repair to international congener company reasonable estimate is worth a level, extended hold is returned can the fund that gain future outstanding achievement increases. At the same time we carry deepness research all the time to each industries, we invest limits and liberal Yu Mou an industry, our hold the industry with each competitive industry.

Additionally the be issued to lower levels of GDP does not mean us to seek the investment opportunity that has been less than, actually number of our medium income group rises quickly, the consumption that relies on medium income group upgrades opportunity, rely on the engineer bonus of Chinese high quality, low cost, the new technology of ceaseless emerge in large numbers inside the domain such as line of business of support TMT, medicine, service and new business pattern, still can find a lot of outstanding appear on the marketing company. From this year a series of policy since can see, no matter be a foreign trader,reduce tax plan, we are OK the space of move is enough big, the latent capacity of Chinese economy is sufficient deep. Look into future, potential of Chinese economy growth is enough still big.

(the article does not make any investment proposals. Investor is operated accordingly, the risk is carried oneself)

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