Chapter 221 Slow down, wait for me, I haven’t gotten in the car yet!
Friday, March 29, 2024.
Yesterday, the Shanghai Composite Index weakened after lunch and closed at 3010.66 points, up 0.59%.
During the night, several breaking news items came out.
Vanke released its 2023 annual report, with a full-year net profit of only 12.16 billion yuan, a 46% drop compared to 2022!
In addition, Vanke announced that it would not distribute dividends!
This is the first time in 31 years since it went public that it has not distributed dividends!
This completely crushed the psychology of countless value investors who were still holding on to real estate stocks, especially Vanke stocks.
No one expected that the once high-performing blue-chip stocks would fall to such a state.
It left countless people sleepless all night.
Almost at the same time, Country Garden announced that it was in talks with creditors and would delay the release of its annual report. The meaning of this is self-evident.
In addition, Industrial Bank also issued an announcement that its net profit in 2023 was 77.116 billion yuan, a year-on-year decrease of 15.61%!
This was another bombshell that struck the hearts of bank investors.
There is also the insurance industry.
China Pacific Insurance, Xinhua Insurance, China Life Insurance, Ping An Insurance...
The performance is somewhat dismal.
In 2023, Ping An of China's performance was indeed poor. Its full-year operating profit in 2023 was 118 billion yuan, a significant decrease of 20% year-on-year. Among them, its full-year non-net profit in 2023 was 86.2 billion yuan, a year-on-year decrease of 23%.
Xinhua Insurance's operating income plummeted by -66.6%, and its net profit decreased by -11.3%...
China Life's operating income increased slightly by 1.4%, while its net profit plummeted by -34.2%...
China Pacific Insurance's operating income fell by 2.5%, and its net profit decreased by -27.1%...
Under the long-term downward trend of government bond interest rates, the performance of insurance stocks collapsed across the board, and they all adjusted their long-term investment returns to 4.5%.
In the past, the rigid and stagnant business model was on the verge of collapse. If the focus of investment cannot be shifted to equity investment in the future, there will be no sign of a reversal in its performance.
Half is sea water, half is fire.
Some are happy, some are sad.
Overnight, the Federal Reserve stuck to its forecast of three interest rate cuts this year.
The price of gold rose above $2,200!
Among A-share listed companies, the gold sector has exploded!
Shandong Gold and CICC Gold both rose by more than 7%, all setting new highs in recent years.
In the non-ferrous metals sector, Zijin Mining, Luoyang Molybdenum Co., Ltd., and Aluminum Corporation of China continued to rise sharply, breaking recent highs!
In the shipping sector, the two shipbuilding giants China Shipbuilding and China Heavy Industry ignited the market, with the former rising by more than 7%. The three major players in the oil shipping sector also soared, including China Merchants Energy Shipping, China Merchants Energy Shipping, and COSCO Shipping Energy.
In addition, there are the two petrochemical giants, the coal sector, and other nonferrous metals...
The annual report season is about to end, and the market has already pointed out the future direction with real money.
Today, although the index is still at 3025 points, the strong cyclical stock sectors such as gold, copper, kerosene, nonferrous metals and shipping have risen too much and are extremely enviable.
Xiao Bo looked at the strange board, his head foggy, and muttered, "Too violent, too violent..."
He turned around, looked at Li Feng, and said, "It's rising too fast, too fast, isn't it?"
"Is it fierce?" Li Feng asked with a smile, "Have liquor stocks risen as fiercely as in 2020-2021?"
"Almost, almost, right? I should say it's just a little bit short... At least, the index hasn't risen much..." Xiao Bo recalled the surge in the liquor sector that year, and naturally felt infinite yearning in his heart.
That year, the leading stock Kweichow Moutai soared from 1,000 yuan to 2,600 yuan, followed closely by Wuliangye and Luzhou Laojiao, which more than tripled!
As for Jiugui Liquor and Shede Liquor, they are even more outrageous. Their stocks have increased tenfold, skyrocketing from dozens of yuan to hundreds of yuan!
"Just a little bit more? Hey, that means it will soon exceed this little bit..." Li Feng said with great enthusiasm.
"Strong cyclical stocks are strong because their performance is highly resilient and their share price increases are large. If liquor stocks increase three to five times, ten to eight times, then these strong cyclical stocks will increase seven to eight times, ten to ten times, or even dozens of times!"
“Now, it’s just the beginning.”
"The future is beyond your and my imagination."
"As for the index, isn't it good now? What should fall will fall, and what should rise will rise. As long as the index doesn't rise too much, it naturally won't attract strong policy adjustments..."
Old Liu, who was not far away, pricked up his ears and listened. A hint of greed rose in his heart. He thought to himself, "Damn, it seems that the main capital has chosen to attack the strong cyclical sector. Oh, I should have bought more Luoyang Molybdenum earlier!"
"Oh no, no, I need to study these sections more carefully."
He sat in a chair, his eyes fixed on the computer, flipping through research reports. He simply ordered a box lunch...
Xiao Bo's old friend Lao Chen also had no appetite at this moment.
He looked at the board, feeling a little panicked, and murmured, "Slow down, slow down, wait for me, I haven't gotten on the bus yet, I haven't gotten on the bus yet!"
——————
Fellow stockholders, use your hands to make money and send a free gift of love.
Your support is my motivation to update.
Continue read on readnovelmtl.com
