Chapter 170 Gan Yitong Takes Control of Tianfeng Shares
In the conference room, Li Feng met Gan Yitong.
Next to Gan Yitong sat a middle-aged man in a suit and tie.
"Hey, reporter Li, sit here, sit here," Gan Yitong politely led Li Feng to the side of the tea table and pointed at the middle-aged man, saying, "Excuse me, this is an old friend of mine, Ding Jianjun, not a stranger."
"Hello."
"Hello."
Ding Jianjun was about forty years old, wearing a pair of glasses, with sparse hair and a deep temperament. Hearing this, he stood up and shook hands with Li Feng.
“How are stocks doing lately?”
Gan Yitong unexpectedly took out a cigarette and handed it over.
"Boss Gan, you're welcome, you're welcome," Li Feng said, taking the cigarette. "I've been hanging out, trading stocks, shopping, eating, and the days just go by like this... It's been two years since we last met, hasn't it?"
"Don't be so modest. Liu Ying told me a few days ago that your stock market has been booming in recent years. Your assets must be at least tens of millions now... Oh, by the way, I have something I need your help with."
"What's up?"
"It's nothing serious. I just want to invest some money in stocks recently, but I'm really unsure about it. I want you to help me with some advice." Gan Yitong said with a smile.
Ding Jianjun, who was standing next to them, stood up and filled the tea glasses for both of them.
"Stock speculation?" Li Feng picked up the tea, took a sip, and said, "Boss Gan, you want to invest in stocks too? Stock speculation is not a serious business. I think it's better to make money from P2P."
"It's no use. There are more and more bad debts and deadbeats in the past two years. The key is that I heard that the higher-ups are also going to deal with the P2P industry. I'm planning to change my career, so I want to try stock trading. I want to talk to you. I plan to buy some real estate stocks. What do you think?" Gan Yitong asked tentatively.
“Real estate stocks?”
Li Feng put down the teacup and his hand suddenly stopped in mid-air.
Real estate stocks were truly the white horse among white horses in the past two years, especially in 2017. Against the backdrop of soaring housing prices across the country, the base of investors was very high and the stock prices rose a lot.
At least it will increase by one or two times, and at most it will increase by five or six times, or even seven or eight times.
In terms of popularity in the stock forum, if you want to be second, no one dares to claim to be first.
However, in 2018, due to the repeated tightening of fiscal and monetary policies at home and abroad, coupled with the impact of the trade war, the stock price continued to fall. If you only look at the price-to-earnings ratio, it is really not expensive.
The leading Vanke Group's current price is less than ten times the price-earnings ratio, and the dividend yield is around 3%; Gemdale Group's is even lower, less than five times the price-earnings ratio, and the dividend yield is around 5%. As for Evergrande, Sunac, Country Garden and other Hong Kong stocks, they are even more undervalued.
A typical example is Evergrande Group, which had sales of 551.3 billion yuan in 2018, ranking third in the country, a 10% increase over 2017. Its equity amount ranked first in the country, with profits increasing by 90% and a price-earnings ratio of only 3.8 times.
However, the real estate industry is a typical high-leverage industry. It has made a lot of money since the beginning of the cycle, but once the cycle ends, the houses cannot be sold, and the situation in 2013 will happen again.
This year, under such a bad overall environment, the Central Economic Work Conference once again proposed "housing for living, not for speculation". Li Feng is very pessimistic about the future of this industry.
Gan Yitong was not an outsider, so Li Feng did not hide anything and told him everything in detail, covering everything from national policies to industry characteristics to individual stock analysis.
After hearing this, Gan Yitong unconsciously looked at Ding Jianjun next to him.
"Oh, I finally found the right person to come here today. Alas, my brain is not working well, I don't understand stocks, and I can't understand so many terms. Reporter Li, can you spare some time to write it down? I will be very grateful." As he said this, Gan Yitong raised his teacup to toast him.
Li Feng didn't dare to accept it, so he took the initiative to toast and said, "You're welcome, it's just a small favor."
"Every industry has its own unique challenges. Your simple help is like a treasure to me," Gan Yitong said with a smile. "Reporter Li, have you considered buying a position recently? I heard there are great opportunities in the stock market right now."
"At this point, I must be fully invested. I bought half of the convertible bond fund, and also bought some Moutai and Ping An of China. I didn't buy any real estate stocks."
"Oh, so..."
Gan Yitong unconsciously looked at Ding Jianjun again.
"By the way, Reporter Li, have you heard that the Science and Technology Innovation Board is going to be launched? Are you interested in trying it out?" Gan Yitong suddenly asked another question.
"Well, I didn't think..."
More than an hour passed while they chatted and drank tea. Li Feng thought Zhao Xinyue was about to get off work, so he quit and drove home.
When he got home and turned on his computer, Li Feng organized his thoughts and began to write down his views on real estate industry stocks for next year. As he was writing, he suddenly felt something was wrong.
Gan Yitong claims he doesn't know much about stock trading, but how did he know about the Science and Technology Innovation Board (STAR Market) planned for 2019? If you're not a seasoned stock investor, you probably wouldn't have such a deep understanding.
Also, he said he wanted to buy real estate stocks, but didn't say which one. He also asked me to write an analysis of the real estate industry, and he often made eye contact with Ding Jianjun next to him.
All signs indicate that Gan Yitong's invitation to tea this time is quite unusual.
Li Feng put down the mouse, tapped the table lightly with his fingers, and continued to ponder:
"Gan Yitong has been involved in both micro-loans and P2P lending over the past few years. His net worth is probably in the hundreds of millions. If he was just speculating in stocks, why would he consult me? Wouldn't it be better to consult a star fund manager or private equity manager? If he just opens his mouth, I'm sure teams of fund managers will come knocking on the door of his company."
"Could it be? Is there another purpose?"
Li Feng thought of a possibility, but was not sure.
He stood up, walked to the observation deck, walked down again, shook his head, and finally finished writing the article and sent it.
"Here I am! Mr. Ding, come and see."
Gan Yitong received the email and called Ding Jianjun over.
Ding Jianjun commented as he browsed the email:
"The analysis is quite logical, but I don't know if it has any real substance. If it turns out to be a fool, it will be troublesome."
"Hasn't he shown you the series of stock reviews he wrote before? They are definitely better than your analysis, right? Look at the 'Trading Plan' you wrote last year. The analysis of individual stocks was okay, but the policy analysis and the overall trend assessment were completely rubbish. You said that the policy this year was neutral and the real estate market continued to improve, but what was the result? It fell into a mess... I sucked up a lot of stocks, but who are you going to tell? Oh... If I had known, I might as well have bought funds to save myself the trouble. I had to join forces with you to manipulate the market..." Gan Yitong complained.
"Oh, Mr. Gan, didn't I expect that there would be such a thing as a trade war? Besides, Mr. Gan, it's not that we have gained nothing. At least we have sold high and bought low, and the cost has come down. Now the share price of Tianfeng Shares is 6 yuan, and our cost is about 7 yuan. Moreover, we have already controlled 50% of the circulating shares. Some time ago, I contacted the company's management according to the plan in the trading plan. I am acquiring two small real estate developers and injecting them into the company, and proposed to change the name to Tianfeng Real Estate at the shareholders' meeting. By then, the company will have the dual concepts of restructuring and real estate. We will take advantage of the situation to trade, and the share price will be more than 20 yuan, let alone 10 yuan!" said Ding Jianjun.
"Don't brag, haven't you contacted a few friends who specialize in macroeconomics? Put it together and revise the trading plan so you can sell all the stocks as soon as possible, so I don't have to worry about it all the time."
"That's easy!"
Ding Jianjun printed out the article written by Li Feng, combined it with the macro analysis written by someone he had hired, revised the "Trading Plan", and then pushed the door open and walked into a room behind him.
Sitting in this room is a middle-aged man, Ding Jianjun's trusted trader named Jing Lei. He is very familiar with the popular indicators in the market, such as candlestick charts, Gann theory, entanglement theory, volume and price, trend analysis, etc., and has been studying them for more than ten years.
"Jinglei, within half a month, buy another 5 million shares of Tianfeng! Keep the cost around 6 yuan, preferably a little lower." Ding Jianjun said.
"Half a month? Mr. Ding, this time is too tight. The transaction volume is sluggish now and it is difficult to buy. Once you buy, the stock price will go up." Jing Lei explained.
"Don't worry, in three days, the company will release a piece of bad news to help you build a position."
“But the funds…”
"You don't have to worry about the funds, I have my own arrangements! Just do what I tell you..." After saying this, Ding Jianjun took the "Trading Plan" and left.
Jing Lei stared at the "Trading Plan" and drooled. He knew that it contained the time for building a position, the time for washing out the market, and the time for shipping...
This is all wealth.
Unfortunately, he was just a trader, and Ding Jianjun was guarding against him like a thief, and never let him see him once.
Continue read on readnovelmtl.com
