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The pharmaceutical sector has risen sharply recently, and funds have been rushing to raise funds for 16 consecutive days. The $Hang Seng Medical ETF (SH513060)$ has risen by more than 20% from the bottom. Why do funds favor Hang Seng Medical so much? To answer this question, I want to start from three aspects. First, […]

$Hengrui Medicine(SH600276)$ $Minray Medicine(SZ300760)$ $WuXi AppTec(SH603259)$ The pharmaceutical industry is still in the bottom-grinding stage. Although most companies’ performance in the third quarter was in line with expectations, it is still not optimistic. The market is in the transitional stage from the bottom of the valuation to the bottom of the performance, and it seems

Discuss valuation with a friend. In his opinion, the valuation of a certain stock has reached a historically low level and can be bought with confidence. What I reminded him was that if the company was in danger of falling profits for the next two or three years, its valuation could fall even higher. Moreover,

On the weekend, I turned over the books that had been sealed on the bookshelf for many years. This 700-page book “Financial Statement Analysis and Securities Pricing” written by Stephen Painman, an American, was a book I wanted to read carefully when I was reading it, but unfortunately I didn’t. Read on, but the section

Chen Jiahe Chief Investment Officer of Jiuyuan Qingquan Technology This article was originally published in Securities Times Qi Baishi, a famous Chinese painter in China, once said a famous saying: “Those who learn from me live, and those who resemble me die.” This means that if you can learn the essence of traditional Chinese painting

A partial debt hybrid fund refers to a hybrid fund with an investment ratio of no less than 80% in bonds and a stock position of no more than 20%. It is the main form of fixed income +. Its risk-return characteristics are between pure debt funds and partial equity hybrid funds. It is suitable

Suppose you are going to put out 300,000 and invest in 6 value stocks carefully selected by yourself. 6, is an appropriate number, which can moderately diversify to reduce the overall risk, and will not lead to mediocre returns due to excessive diversification. It is better to buy an index ETF to save trouble. There

The share price of Aier Eye has fallen from a high point and has already been cut in half. Even so, the bears think: there is still 70 times the price-earnings ratio, why? Gotta cut again. So, is Aier ophthalmology expensive at this stage? It is generally believed that the intrinsic value of the company

Text / Yao Bin 1 Back in the 1990s, Michael Maubousson, one of Meglaison Asset Management’s “Big Three” (the others being Bill Miller and Robert Hagerstrong), worked in Santa Claus. Study at the Philippine Institute. At that time, he knew the importance of the tail events of the fat tail effect. In our real world,

The Canadian government requires Chinese mining companies to withdraw three Canadian mining companies, including China Mining Resources, Shengxin Lithium Energy and Zangge Mining, to sell their stakes in Power Metals, Chilean Lithium and Super Lithium, respectively. Government ministers shouted, but no specific policies have been implemented. Judging from the replies of various companies circulating on

In the current real estate industry, everyone is in danger, and many real estate companies experience thunderstorms. Of course, there are policy reasons and epidemic reasons, which are a double blow. Due to the financial investment nature of real estate, everyone buys up and not down. Once this market expectation is formed, it will make

Written at the top: long text carefully ~! $New Oriental Online(01797)$ 1. This article is more inclined to present facts. Since it is a live record, there may be inaccurate wording, please refer to and judge as appropriate (investment needs to be cautious~). The content in ( ) in the article is supplementary, and some

In the past few days, the rise of white chicken has been gratifying, but the rise and fall of chicken stocks are seriously divided. Many people feel very confused. Shengnong has risen so well, and Xiantan shares have risen so weakly. What is the reason for such a big difference in the section? I want