Becoming the King of Bottom Fishing After Going All-In on A-Shares

Chapter 126 Stud

After scanning the area, Lu Chenzhou turned on the projector.

A shares:

Changchun High & New Technology Industries Group Co., Ltd. (000661)

Oriental Yuhong (002271)

Hengyi Petrochemical (000703)

Gujinggong Liquor (000596)

Guangdong Rare Earths Group Co., Ltd. (600259)

Dahua Technology (002236)

Goertek Inc. (002241)

Zhongheng Group (600252)

Yunnan Baiyao (000538)

Gree Electric Appliances (000651)

China Fortune Land Development (600340)

Kweichow Moutai (600519)

Tasly (600535)

Shanghai Jahwa (600315)

Yili Group (600887)

NARI Technology (600406)

Kangmei Pharmaceutical (600518)

Guanghui Energy (600256)

Yutong Bus (600066)

Suning Appliance (002024)

"Wen Zhiyu, Zhang Yixing, Xia Yaozong, and I may go to Hong Kong around the end of the month. We will spend most of next year in Hong Kong. Yang Cheng is also going to the United States."

Your task is simply to buy these investment targets with your eyes closed once the funds arrive.

By the way, when the market opens at 9:30, I'll leverage up and go all in.

As for private equity funds, they can simply go all in on Baotou Steel Rare Earth (600111), Sanan Optoelectronics (600703), and Sany Heavy Industry (60001), with priority given to the first two.

The $100 million in publicly offered QDII funds will remain untouched for now; it's not a good time to enter the market.

Everyone fell silent.

The projector light shone on the wall, where twenty-three stocks were neatly arranged, like an army waiting for inspection.

No one spoke in the meeting room; the only sound was the faint hum of the projector fan.

Xia Yaozong was the first to react.

"Old Lu, you're saying we should buy blindly? In this awful market, you think we can just buy blindly?"

Lu Chenzhou glanced at him but didn't say anything.

"No," Xia Yaozong stood up and walked to the projection screen, pointing to the list of names, "I've never heard of many of these votes."

Su Qingyuan sat at the front desk, staring at the list on the projection screen, picked up her Americano, and took a sip.

She didn't say anything, but her gaze swept back and forth between the stocks twice.

Then I put down the cup, turned on the ThinkPad, and started looking something up.

Wen Zhiyu opened her notebook and quickly took notes.

Zhang Yixing leaned closer to the screen, looking at each company one by one, muttering to himself, "Changchun High-tech Zone, Oriental Yuhong, Hengyi Petrochemical, Gujing Gongjiu..."

""

When he read out "Guangdong Rare Earths Group", he paused and looked back at Lu Chenzhou.

Yang Cheng stood at the very back, quietly reading his book without any expression.

Zhao Keke sat at her workstation, twirling her pen in her hand, but didn't dare to say anything.

She lowered her head and copied the first name into her notebook: Changchun High-tech Zone.

Sun Hao stared at the screen, his expression blank.

He thought the internship his dad found for him would just be about serving tea and water, but on the very first day, he was asked to buy stocks with his entire portfolio.

Liu Ziheng sat in the last row, by the window.

He looked at the list on the projection screen, and the words "Goertek" made him frown.

He remembers that when he left the brokerage firm, no one was optimistic about his future.

Liu Yutong sat opposite Xia Yaozong, twirling the pen in her hand.

Her gaze fell on "Guangdong Rare Earth Group" and "Baotou Steel Rare Earth".

She had audited the mining and rare earth industries at the Big Four accounting firms and knew how good the cash flow was for those companies.

Xia Yaozong stared at Baotou Steel Rare Earth (600111), Sanan Optoelectronics (600703), and Sany Heavy Industry (600031) for a long time.

"Old Lu, are you going to throw all 2 million into these three stocks?"

Lu Chenzhou looked at him, without refuting or even explaining.

Su Qingyuan picked up her Americano, took a sip, and said, "Baogang Rare Earth, the leader in rare earth."

Sanan Optoelectronics, a leading LED chip manufacturer.

Sany Heavy Industry, a leading manufacturer of construction machinery.

Three stocks, three industries, three industry leaders—that's not gambling.

Xia Yaozong turned to look at her: "President Su, you also think it's reasonable?"

Su Qingyuan hesitated and said, "President Xia is right, the concentration is indeed very high."

Furthermore, how will we explain this to the LP? Can they accept such a high concentration of investment in a university-run enterprise with a capital of 1000 million?

Lu Chenzhou calmly said, "They are willing to entrust me with the money, which means they trust me."

Xia Yaozong opened his mouth, as if to say something, but found that Zhang Yixing shook his head at him.

He then remembered that Lu Chenzhou had never missed a single one, not even once, so he didn't say anything more.

9:25.

Su Qingyuan stood up, holding the now-cold Americano, and walked to the middle of the staff area.

"Zhao Keke, you are in charge of A-shares: Changchun High & New Technology Industries, Oriental Yuhong, Hengyi Petrochemical, Gujinggong Liquor, and Guangdong Rare Earths Group."

Five tickets, each worth 2000 million, placed in ten separate orders. Don't inflate the prices.

Zhao Keke was stunned for a moment: "2000 million each?"

"Yes. The first public offering fund has 1 million yuan, with 4 stocks, each at 4%, which is exactly the maximum amount."

Zhao Keke quickly flipped open her notebook and copied down five stocks, her pen tip almost piercing the paper.

"Sun Hao, you are in charge of the remaining five A-shares: Dahua Technology, Goertek, Zhongheng Group, Yunnan Baiyao, and Gree Electric Appliances."

Similarly, each one is worth 2000 million, divided into ten transactions.

Sun Hao opened his mouth, wanting to say "I can't," but seeing Su Qingyuan's eyes, he swallowed his words.

"Mr. Xia, you can decide on those three private equity stocks yourself. 300 million yuan. Prioritize buying Baotou Steel Rare Earth and Sanan Optoelectronics. Sany Heavy Industry is the last choice."

Xia Yaozong stared at the Baotou Steel Rare Earth betting odds on the screen, took a deep breath, and nodded.

9:28.

Su Qingyuan glanced at the clock on the wall.

"On your marks. Fire at 9:30 sharp."

No one speaks.

9:29.

Su Qingyuan picked up her Americano and took a sip.

"Countdown. Thirty seconds. Twenty seconds. Ten seconds."

She put down the cup.

"9:30."

Zhao Keke was the first to press Enter. Changchun High & New Technology Industries Group Co., Ltd., 5.05 yuan, 40 shares.

2000 million divided by 5.05 equals approximately 40 shares. Transaction completed.

Then comes the second stroke, the third stroke, and the fourth stroke.

Her fingers danced across the keyboard.

Sun Hao was a beat slow, but he still placed his first order within ten seconds.

Dahua Technology, 8.30 yuan, 24 shares.

2000 million divided by 8.30 equals approximately 24 shares. Transaction completed.

His hands were shaking, but he hadn't entered the numbers wrong.

Xia Yaozong was in charge of the three stocks in the private equity fund: Baogang Rare Earth, priced at 12.20 yuan, with 80 shares.

One hundred million divided by 12.20 equals approximately 80 million shares. Transaction completed.

Then came 100 million shares, 150 million shares. Each transaction was larger than the previous one.

Sanan Optoelectronics, 3.90 yuan, 250 million shares.

One hundred million divided by 3.90 equals approximately 256 million shares. Transaction completed.

The sell orders on the order book seemed to be sucked away instantly, as if they were vacuumed up.

"Sanan Optoelectronics' buy price has dropped from 3.89 to 3.95," Zhang Yixing announced.

"Keep buying," Lu Chenzhou said.

Xia Yaozong gritted his teeth and continued placing orders.

10 o'clock sharp.

Su Qingyuan put down her Americano and stood up.

"Report the numbers."

Zhao Keke: "All five A-shares were traded. Changchun High & New Technology Industries Group Co., Ltd. had an average price of 5.06 yuan, Oriental Yuhong Co., Ltd. had an average price of 2.48 yuan, Hengyi Petrochemical Co., Ltd. ... 2000 million yuan for each stock, all traded."

Sun Hao: "All five A-shares were traded. When I bought Gree Electric, the price was pushed up by 1%, while the others were within 0.5%."

Su Qingyuan nodded and looked at Xia Yaozong.

Xia Yaozong wiped his sweat: "Baogang Rare Earth 100 million, average price 12.25; Sanan Optoelectronics 100 million, average price 4.02; Sany Heavy Industry 100 million, average price 14.65, all sold."

Liu Zifu and Sun Hao also gave their reports one after another.

Su Qingyuan turned around and looked at Lu Chenzhou.

"Mr. Lu, the position building is complete. Public offering No. 1, twenty stocks, 10% of each, fully subscribed."

Private equity, three stocks, fully invested.

Lu Chenzhou nodded: "Understood."

He turned and went back to his office, leaving the door open.

In the employee area, Zhao Keke was staring at the odds on Changchun High-tech Zone's betting line; the number had changed from 5.05 to 5.08.

She bought 2000 million worth of shares, and the unrealized profit is already close to 10. Her heart is beating faster than that number.

Sun Hao's forehead was still sweating. Of the five tickets he bought, three were red and two were green.

Gree Electric Appliances' stock price dropped by 0.5%, and he felt he had overpaid.

Xia Yaozong stared at the three stocks held by the private equity firm, his expression like he was on a rollercoaster.

Liu Zifu and Sun Hao also looked at the stocks they had bought with trepidation. Who would have thought that they would be buying them on the very first day?

Su Qingyuan sat back down at her workstation, opened the attribution analysis framework, and began entering today's transaction data.

Her fingers flew across the keyboard, her face expressionless.

Zhang Yixing let out a long sigh and leaned back in his chair.

Yang Cheng stood at the very back and turned a page of his book.

Lu Chenzhou returned to his general manager's office, opened the Zhizhou Hong Kong Fund Company account, stared at the HK$10.64 billion in available funds for a while, but did not make a move. Now was not a good time to enter the market.

Although the 4 trillion yuan stimulus package will be announced on November 9th, causing A-shares to surge, Hong Kong stocks are plummeting!

Yes, you read that right, Hong Kong stocks plummeted.

从11月10日到11月20日，10天港股大盘跌了接近20%。

这10.64亿港元，如果他今天或者下周一11月10日冲进去，到11月20日已经亏了2个亿。

Therefore, Lu Chenzhou did not move.

A true hunter doesn't rush at the prey when it appears; he stands on the path the prey must take before it even appears.

As for the $1 million raised through public offering, it hasn't been touched.

Losing 20% ​​right off the bat, investors are probably going to be furious.

Therefore, it's better not to do anything.

Public funds don't make much money, so he had no intention of frequent trading; he just let them buy these targets and then left it to them.

These stocks have generally increased more than 10 times in the past 5 years, which is quite worthy of the investors who believed in him.

As for private equity firms buying Baotou Steel Rare Earth and Sanan Optoelectronics, it's because these two stocks have seen the largest gains, allowing them to reap greater profits.

The reason for buying Sany Heavy Industry shares is its large market capitalization, and also to divert some people's attention.

He doesn't plan to trade frequently with the private equity fund that invests in A-shares; he intends to buy and hold them indefinitely.

Because A-shares have price fluctuation limits and currently lack a short-selling mechanism, they are indeed not as profitable as the Hong Kong and US stock markets.

By November 20th, he didn't plan to frequently trade the $11 million in Zhizhou No. 2 QDII fund.

Because it's a public offering, even if investors make a lot of money, Lu Chenzhou won't get much; it'll just be management fees.

Therefore, when the time comes, I will pick some Hong Kong stocks that have seen significant gains and hold them without moving them.

What he really valued was the money in the account of Zhizhou Hong Kong Limited Investment Company, a sum of billions that could be used at will.

At 2 p.m., Liu Qiangdong came out of the CICC building.

This was the thirty-seventh investor he had met.

Thirty-seven times, all rejected.

I've contacted Sequoia Capital, Hillhouse Capital, IDG Capital, CDH Investments, Warburg Pincus, Carlyle Group—I've looked at everyone I could.

Everyone said, "Come back when you're making a profit."

The closest they ever came was when the other party cut the valuation from $100 million to $30 million, and he gritted his teeth and agreed.

As a result, Lehman declared bankruptcy, and the other party slashed its valuation to $15 million.

Liu Qiangdong stood up, put the business plan into his bag, said thank you, and left.

It wasn't that I thought the score was too low; I felt humiliated.

The money in JD.com's account has run out.

It's not that it's almost gone, it's that it's about to be gone.

November's salaries might not even be paid.

The investors have already borrowed bridge loans five times; they've reached their limit.

The monitors in the warehouse are piled up like mountains, but we lose money on every one we sell.

Suppliers started demanding payment, logistics companies started withholding payments, and even vendors at the Zhongguancun counters started asking if JD.com was going to go bankrupt.

Liu Qiangdong dared not tell anyone.

In front of his employees, he will always be the invincible "Brother Dong".

During the meeting, he slammed his fist on the table and said, "Brothers, hang in there!"

During a team-building activity, he held up a wine glass and said, "Good days are just ahead."

But back in his office, with the door closed, he stared at the plummeting red curve on the cash flow forecast and felt like a person standing on the edge of a cliff, the wind already blowing in his face.

He touched his temples and found that a few more strands of white hair had appeared.

He used to think that "turning white overnight" was an exaggeration in novels, but now he believes it.

I've been suffering from insomnia for several months, and the first thing I do every morning when I wake up is to do accounting.

He calculated how long he could hold on, how many more investors he could meet, and how he would compensate the more than two hundred brothers who had followed him for almost ten years if the company went bankrupt.

Today is the thirty-seventh.

Li Feng, an alumnus of Renmin University, is the Executive General Manager of the Investment Banking Department at China International Capital Corporation (CICC).

The two had known each other for three years. Liu Qiangdong had invited him for drinks a few times, but he had never asked for money.

He knew that CICC invested in large projects, and JD.com was a size that they wouldn't be interested in.

But he was at his wit's end; he had contacted everyone he could, and this was the only lead he had left.

The meeting ended in less than twenty minutes.

Li Zheng didn't look at his business plan or ask about his revenue figures; he simply shook his head after hearing the opening remarks.

"Qiangdong, it's not that I don't want to help you, but in the current market environment, we really don't dare to touch projects that haven't made a profit yet."

Liu Qiangdong put the business plan into his bag, stood up, said thank you, and turned to leave.

When they reached the elevator, Li Zheng chased after them.

"Qiangdong, wait a minute, why don't you try Lu Chenzhou?"

I'm a junior at Renmin University, majoring in Finance and Economics.

Recently, everyone in the financial world has been talking about him, how he grew from 10,000 to billions.

They just acquired a 24% stake in Galaxy Entertainment, becoming its second-largest shareholder.

Although he is young, he has money.

Moreover, his perspective is different from ours; perhaps there's an opportunity.

Liu Qiangdong was taken aback for a moment: "Junior year?"

"Yes, he's a junior. I heard his office is on the 18th floor of the Renmin University Cultural Building. You could try going to talk to him; maybe he'll be interested."

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