Special interview
Written by: Ou Jiajun
2021-02-16 07:15
The last update date: 2021-02-16 07:15
The stock king Tencent (0700) hit a new high of 767.5 yuan last month. A few years ago, Tencent had said that Tencent saw a 1,000 yuan "female stock god" Nishizawa investment management chairman and first investment officer Liu Yang. He will predict when he is interviewed by "Hong Kong 01" , Tencent will become a "golden stock" this year, and it will take advantage of Tencent's top break and retreat. After falling below the 10-day average, it increased its holdings in Tencent for the first time since 2018 at a level of nearly 680 yuan on January 28.
Tencent and the Hang Seng Index both gave up after rising sharply last month. Liu Yang responded: "You call it a fall, I call it an adjustment. You see our (view) are different. I bought it from 405 yuan to 350 yuan. I’ve never moved. (January 18) I started buying when it was below the 10-day average, and I’m back today, right? It’s an opportunity for me. I think Tencent will be 1,000 yuan this year, with a market value of 10 trillion yuan. !"
Nishizawa Investment Management Chairman and first investment officer Liu Yang, in an interview with "Hong Kong 01", predicted that Tencent will become a "golden stock" this year.
(Reuters)
1000 yuan to benchmark 45 times PE next year
Liu Yang also believes that Tencent’s valuation is much more reasonable than that of another U.S. "stock king", referring to the US electric car stock Tesla’s current price-earnings ratio of more than 1,000 times, while Tencent’s stock price of 1,000 yuan is only 45 times its 2022 price-earnings ratio. Double standards?"
When asked about what Tencent is optimistic about, she described that Tencent is the leader of the virtual world, and the growth of the virtual world is still in its infancy. The time and cost of the Z generation on mobile phones is very amazing. She also pointed out that "Tencent is growing steadily, a little problem. Not at all. Having made so many long-term strategic investments, every industry has deployments, and synergies will work in the future, such as investing in Meituan (3690) and Kuaishou (1024)."
Liu Yang pointed out that traditional valuation methods are being severely challenged, and investors must get used to this change.
﹙Photo by Luo Junhao﹚
Invest in Futu because of its "disruptive"
In addition to Tencent, Liu Yang also revealed that last year he invested in Futu Holdings (US: FUTU), also because of the company's disruptive nature, simple interface and easy operation, turning the brokerage business into a new economy.
She pointed out that Futu founder Li Hua (Brother Ye Zi) is Tencent’s No. 18 employee. He is also very young now. He is a computer expert and loves stock trading. "I like stock trading, but all the software can’t meet his requirements, so I I made a piece of software and now it has a market value of 100 billion yuan."
Liu Yang revealed that he invested in Futu Holdings (US: FUTU) last year.
﹙Profile Picture﹚
Launched "Hong Kong IPOs" with a monthly increase of 60%
Liu Yang said that new economic companies like Tencent (0700) and Meituan are leading Hong Kong stocks to climb new highs, and traditional valuation methods are being severely challenged. "If you can’t adapt to this new development, the waves behind the Yangtze River will push the waves forward, you will be photographed. On the beach. You must exercise yourself to survive in this rapidly changing market and find direction and trends."
However, based on the fact that investors "clustered" large market capitalization companies and pursued White Horse stocks, and 70% of Hong Kong stocks had a market capitalization of less than HK$2.5 billion, Liu Yang established the "New Hong Kong Stock Index" in December last year, and the first five selected "New Hong Kong Stocks "Tiangong International (0826), Fubo (3738), Friendship Time (6820), Inke (3700), and Yusheng Culture (1859), respectively, rose by 60% in January, significantly outperforming the market.
She pointed out that the index focuses on companies with a market value of 3 billion to 5 billion yuan, and aims to find leaders who will disrupt the industry in the future.
Tencent Futu Securities Hong Kong stocks trend Hong Kong stocks Liu Yang
