Chapter 305: Market, Living Towards Death

Monday, June 24, 2024.

Jisilu Index: 4.76, Shanghai Composite Index: 2960 points.

Today, Li Feng is very busy.

First, I completed the trading plan I had drawn up over the weekend, published an article about my thoughts on thematic investment in the second half of the year, and then opened the software and started writing a novel to brag.

1. Last weekend, the ghost story about the stock that cannot be told finally came.

Moreover, there are three of them at once.

The first and most eye-catching one is that fake wine turned into real wine and then turned into fake wine again, which immediately stirred up a hornet's nest and became a hot topic.

The second is that the retail price will drop again, breaking 2,100 yuan, and is just around the corner from 2,000 yuan.

The third is to start controlling quantity and maintaining prices.

Prices start to fall and quantities start to decrease, so theoretically its performance should start to decline.

The myth that its performance will always increase should also be broken.

Pay close attention.

2. There is another piece of gossip, which is the topic of WeChat adapting to HarmonyOS.

Last weekend, HarmonyOS was released, but WeChat has not yet been adapted.

All kinds of rumors are spreading across the Internet.

This is not a problem. If WeChat is smart, it should take the initiative to refute the rumors and adapt to HarmonyOS. However, all you can see on the Internet is a screenshot of consulting WeChat customer service.

Legend has it that news from overseas media reports that WeChat is using its own ecosystem to gain greater benefits, such as profit sharing, access to the system, and so on.

To be realistic, developing and promoting the Hongmeng system is a national policy, and failure cannot and is not allowed.

However, WeChat can be replaced by apps such as Weibo, Tik Tok, Alipay, etc.

In other words, at this stage, these apps all hope that the talks between the two parties will break down so that they can take advantage of the opportunity to occupy a position and make a big move.

After all, the earth can continue to rotate without anyone.

To be honest, Hongmeng is a virgin land that has not yet been opened up. If WeChat really relies on its own strength and abandons Hongmeng, it will be cutting off its own arm.

I still hope that the two parties can have a good talk and give users the best experience.

3. Breaking News: K-attack occurred in the Republic of Dagestan, Russia.

Unable to win head-on, he started using underhanded tactics, and kept using them.

4. my country discovered natural graphene in lunar soil samples; my country successfully developed the world's first 6,000-meter-class intelligent electric-driven deep-sea heavy-duty mining vehicle.

Reach for the moon in the sky and catch turtles in the five oceans.

Previously, we missed the colonial development of the Age of Discovery, but now we can take advantage of technological advancements.

Expand our nation's living space by going into space and into the deep sea.

4. China and the EU hold consultations on tariffs and subsidies for electric vehicles involving China.

It would be difficult to come up with any substantial results.

First, due to the lack of sovereignty in Europe, against the backdrop of the EU's overall rightward turn, coupled with the influence of the United States, it is destined to start engaging in trade protectionism.

Second, officials and entrepreneurs in the EU, including Germany, know full well that if they do not close down now, in two to three years, the automobile companies in the East will probably wipe out all their businesses.

Today's market:

Today's market situation can be described as a bloodbath.

Under the pressure of negative news about heavyweight stocks over the weekend, the Shanghai Composite Index opened at 2982.83 points, then fell step by step, heading towards death, and soon exploded to 2960 points (-1%).

During the trading session, the liquor and real estate sectors plummeted, coal and nonferrous metals stocks weakened, and only the oil sector bucked the trend and strengthened.

The long-awaited thunder finally exploded, and it also blew the Shanghai Composite Index to pieces...

I'm quite speechless.

Shareholders exchange:

1. "Chen Xiaotian": Convertible bonds have been selling hard recently. Is there any chance?

When it comes to convertible bonds, I only look at opportunities to participate in bank convertible bonds.

This is because banks will not go bankrupt and will definitely repay the principal and interest when due.

This type of convertible bond is only a good low-risk investment target if it falls to near its face value.

As for other convertible bonds, a large number of people have been killed recently due to changes in delisting policies, so it is not recommended to participate.

2. “Feeling”: The automotive industry is more optimistic about BYD.

I am just sharing my personal opinion, for reference only.

BYD's ability to integrate the entire industrial chain and control costs is very strong.

At present, BYD has an absolute dominant position in the domestic car models priced under 150,000 yuan. With the continuous advancement of DMI5.0 in the Dynasty series, Ocean series and other series, this terrifying position will be further consolidated.

It can be said that the joint venture car manufacturers were beaten to tears, and other domestic car companies also started to curse.

However, we also need to recognize a fact.

That is, BYD is trading price for volume, and its models are basically low-end models below 200,000 yuan, with relatively thin profits.

However, if they want to attack the lucrative luxury car market occupied by BBA, they are temporarily unable to do so due to the backwardness of intelligent driving technology and the time it takes to build the brand.

(BYD currently has two intelligent driving R&D teams in Jinan and Shenzhen. It is said that they will invest 10 billion yuan annually and should be able to complete the task within two years.)

So people often say that if the price is below 200,000 yuan, buy BYD without hesitation; if the price is above 200,000 yuan, buy Huawei without hesitation.

In other words, in the current automotive industry, there are two non-conflicting logics.

In the future, starting from next year, the domestic landscape of car prices in the 150,000-250,000 yuan range will be very chaotic and the competition will be very fierce.

It is said that Huawei's HI mode will be launched by major manufacturers such as Great Wall, GAC, SAIC, Changan, etc., and dozens of new Hi mode cars will be launched (excluding Geely, BYD, Wei, Xiaoli and Li Auto).

As you can imagine, for a car at this price point, it will be another bloody battle.

Therefore, BYD’s biggest development direction in the future is to take advantage of its first-mover advantage, expand overseas on a large scale, and launch a dimensionality reduction attack on foreign fuel vehicles.

The drama has begun. While fellow stockholders are enjoying the show, please urge for more updates.