Last year on August 1, fat paper often is uncovered and stock of day great fund is cast grind assistant of department general manager, at foreign doctor, had opened together " it is a day in order to feed, pinkeye discriminate gold " metaphase strategy is met.
At that time, can go up in metaphase strategy, yu Yang undertook an analysis to food drink, among them, industry of dialogue wine fractionize relatively value, although be in at that time, a lot of investor feel, liquor industry is in exalted, how to still value?
But look round now, liquor since last year in August up to now, go up relatively apparent, our metaphase strategy was met last year the viewpoint that go up, also got test and verify. For instance Guizhou Maotai closing quotation price was 1668 yuan August 3, 2020, enter a cattle year, although Maotai weighs defeat, but level goes up still have nearly 23% .
Yu Yang is doctor of the Chinese Academy of Sciences, having investment of 9 years to study experience, currently hold the post ofstock of day great fund to cast grind assistant of department general manager, I was checked, he is managing Tian Hongyun to carry the life 5 fund such as actor choosing, up to on Feburary 25, get one's own back of eye predecessor job is entirely, and run win outstanding achievement of the corresponding period more fiducial.
Yu Yang is being chosen when, what consider above all also is 10 years of periodic perspectives. And look in him, pick pair of good companies, namely most what essence of life allows is decision-making.
To Maotai industry of this food beverage is famous but very precious also good company, yu Yang thinks, in the future looks 10 years, the 90 be fond of after are crucial.
At consuming an investment frame foreignly
2018 the end of the year, day great fund undertook unifinication is reformed casting grinding, send the stock grind personnel makes 4 groups for consumption, medicine, TMT, cycle according to industry cent, the stock is cast grind the group that assistant of department general manager is in at silvering coin is consumptive group, direction of drink of main attack food.
To consuming an investment, at foreign investment frame can divide for 3 parts:
One, choose.
The brand competition camp that Yu Yang can choose a company first from a perspective of 10 years of cycle, brand competition camp should be in better position, it is better and better to and did not come be met.
So how to judge brand competition camp? In depending on foreign eye, two dimension are spent. "The first it is the competitive barrier that place of company itself business forms, the 2nd level of management that is a company. " Yu Yang says.
After judging brand competition camp, yu Yang can part these companies into two echelon formation again. The first echelon formation is the company that upgrade of core competition camp takes rate is very quickly. The 2nd echelon formation is a bit a bit weaker, but the business with competitive better also camp.
2, certain investment is periodic.
Yu Yang decides investment cycle basically into 2~3 first year, meet next the institute chooses company future 2~3 year main area climate is upgrade or downward.
To the company of the first echelon formation, when at foreign meeting the main area climate in it keeps balance or upgrade goes, heavy storehouse is configured. If main area climate goes downward, but the change that does not affect camp of company core competition, can light storehouse or in storehouse hold.
To the company of the 2nd echelon formation, yu Yang can be in 2~3 year the stage that upgrade of main area climate takes goes weighing a storehouse to configure; Otherwise, perhaps do not configure with respect to can light storehouse.
3, buy specificly certainly nod and sell a site.
Investment group has a word to cry: What can sell is a master. Yu Yang sells a dot to have his distinctive understanding to buying a place, he invented a word, cry: The converse investment on quarterly level.
Fall in the premise that confirmed main area trend namely, if the quarterly money of the enterprise numbers off,be occupied or monthly sale data anticipates under the market, share price has alternate show, it is to buy bit more fashionable; If the quarterly reports outstanding achievement of the company or monthly sale data exceeds anticipate more, when share price upgrade goes up, it is to sell a site.
Pay attention to the biggest safe limit
When judging main area of a corporation, yu Yang is special inspect two index, 1, profit, 2, core competition camp
"Of core competition camp inspecting index is not particularly good search. Having a better index is the market is had rate, still have a perspective additionally, be travel together inside course of study or the competitor judgement to this company. " Yu Yang explains further.
Nod to share price risk beforehand appraise, cited a case at silver coin or taking Maotai, "If the country restricts high-grade alcohol consumption again, this is a risk. Perhaps produce event of a few geological calamity, bring about Maotai the water quality of whole production area or plant area is destroyed, this also is a huge risk. This also is a huge risk..
"Want ground of cudgel one's brains for to want to understand the negative event of likelihood happening, the circumstance after sequel happens according to negative risk incident in carrying out a process changes, go doing add those who decrease a storehouse to adjust. " Yu Yang expresses.
Focusing consumption, layout bibcock
As Tian Hong fund consumes group of assistant group leaders, yu Yang is good at value of direction of rights and interests investing, dedicated consumption domain, investment considers to accumulate deep.
It is reported, the share of day great spending that because ocean drafts,assumes fund manager initiate type negotiable securities to invest fund (A kind 010331 C kind 010332) will issue formally on March 26 at coming on March 10.
Share of day great spending initiate type negotiable securities to invest fund to be core with competitive advantage mining, below the premise that controls a venture strictly, main invest in is had higher intrinsic value and good the stock of growing sex, build a stock to invest combination for fundamental compose with this, do one's best realizes the long-term and dovish rise in value of fund assets.
Was opposite, at foreign this only new fund, also be to be able to invest harbor, in its stock capital fund, have the proportion of 0-50% , can invest harbor open bid.
Notable is, day great fund is the orgnaization that the minority inside course of study accomplishs A+H to consume complete get through, it is the harbor before this group and A of consumptive group amalgamative, at present consumptive group group has 3 fund manager and 7 researchers, long-term and dedicated at consuming a domain greatly, take the deepness research of industry and company seriously. Every researcher, include fund manager to inside independence covers a field, all have deepness report every months.
Consumption is long-term and high grade circuit need not say more, 1.4 billion population of our China, giant inside need, rise as economic standard, consumption upgrades apiration promotion, future consumes an industry to still be put in the opportunity.
Risk clew: Above viewpoint offers reference only, do not represent investment proposal. Tian Hongyong decides growing fund to held water on December 12, 2008, outstanding achievement of nearly 5 years of whole year and outstanding achievement of the corresponding period are more fiducial since holding water yield is respectively 17.45% (- 8.16% ) , 8.24% (17.32% ) , - 26.46% (- 19.66% ) , 41.68% (29.43% ) , 64.83% (22.61% ) . Tian Hongyun carries life actor to choose fund to held water on March 17, 2015, whole year outstanding achievement and outstanding achievement of the corresponding period are more fiducial since holding water yield is respectively - 21.05% (1.91% ) , 12.00% (31.21% ) , - 25.29% (- 10.95% ) , 53.24% (38.36% ) , 60.98% (40.45% ) . Handpick fund established Tian Hong on October 8, 2005, outstanding achievement of nearly 5 years of whole year and outstanding achievement of the corresponding period are more fiducial since holding water yield is respectively 23.58% (- 3.45% ) , 18.67% (10.84% ) , - 21.55% (- 9.67% ) , 42.00% (18.47% ) , 40.47% (13.20% ) . Our country fund runs time shorter, cannot reflect all level that the stock market develops, associate with outstanding achievement does not represent future to behave. Investor should read fund recruit manual and fund contract carefully before buying fund, the market has a risk, investment wants discretion.
