Category: Money Tips Date: 2006-07-12
Even in a bear market, according to Linyuan make worthwhile.
Looked at the thick stack of money on the bills, Mr Lin said: "Had a total of about one million yuan into the stock market, to the end of 2005, my personal account of the funds have been more than 400 million yuan.
Times are in the stock market god
In 1989, the beginning of China's stock market opened. But at that time no one is interested in Shenzhen stock market into a period where a cheerless place the securities business department. But the Linyuan adhere to the sales department to go take a look at every day.
Because of the stock is very interested in the hands of the funds at that time put Linyuan bought Shenzhen Development (000001.SZ). To the beginning of 1990, the stock market gradually began to busy themselves, while the Linyuan is due to constant speculation, a few months down the assets to reach 1.2 million, to the end of 1990, when its stock market assets have more than one million yuan.
Then he moved to Shanghai stocks Linyuan again. From 1991 to 1992 8 months, Linyuan was mainly the development of deep fried, deep wilderness (000005.SZ), 1992 was years and years to buy a large number of deep Hanny (000008.SZ) (later changed to Yiankeji), Hainan China Shenhua Xin sources such as agriculture, shares and unlisted shares. By 1994 the company after company after the listing on the stock market Linyuan assets have more than 10 million yuan.
This is the myth of China's stock market to create wealth, time, Linyuan become one of the mythical characters.
By the end of 1994 to 1996, Mr Lin Youyi 12 yuan per share to buy Shenzhen Development, and later to an average of 40 yuan sales price. From the end of 1996 to 22 per purchase Sichuan Changhong (600839.SH), after an average of 60 yuan per share sales price.
Then a few years, ran into the stock market bull market, many stocks are fried Linyuan make money, the average profit level in the nine-fold. Since 2001, due to the time that the stock prices are based on the size of Liu Tongpan pricing standards, with many years experience in stocks Linyuan unreasonable, in the middle on the break for nearly two years.
Bear market can not lose
To August 2003, Mr Lin also "came back." "The main point is I feel some of the profitability is good, pricing power and strong national brand company's stock price has been grossly underestimated."
Linyuan buy stocks is usually a different account, the investment portfolio of several ways to operate. Each combination has five stocks, investment funds of about 10 million to 20 million yuan. By the end of 2003, Linyuan capital has reached 1.7 billion.
From April 2004 began, the stock market has been in a state of decline, which is in no way affect the Linyuan the shares to "Change tape money can only affect my speed, but whether up or down, I could earn money. "Linyuan said.
A bear market more than a year time, the Linyuan stock growth rate of 140%. Reporters access to his accounts of the five portfolio funds to bills, an area known as the revitalization of United Securities in Shenzhen Lu Sales Department accounts appear, in January 2004, Linyuan deposited 1000 million yuan to September 2005 settlement, capital account has reached 2,400 yuan. Bought the stock Guizhou Moutai (600519.SH), Wuhan Iron and Steel shares (600005.SH), Tong Ren Tang (600085.SH), Yunnan Baiyao (000538.SH), China Merchants Bank (600036.SH), etc. Among them were some of the Placing Successful stock and sell pre-buy the stock, and some stocks are dividend and dividend payment.
Another account is also a way to revitalize the Joint Securities in Shenzhen business department, and in January 2004 into 1000 million yuan, when, by the end of 2004, capital account settlement when 24.6 million yuan. Bought the stock for Yutong Bus (600066.SH), China Unicom (600050.SH), Guizhou Maotai, Yili shares (600887.SH), your research Platinum (600459.SH), Yunnan Baiyao and East A E-Jiao ( 000423.SZ), Wuhan Iron and Steel shares, Tong Ren Tang and so on.
There is also an account with a sales department, and in January 2004 into 10 million yuan of funds to the March 2004 settlement, the fund reached a total market value of the securities account for 12.85 million yuan. Bought the stock has Shanggangjixiang (600018.SH), Guizhou Maotai, Wuliangye (000858.SZ), Shenzhen Development Bank A, Baosteel (600019.SH), China Merchants Bank, N Zanthoxylum nitidum (600249.SH) and other stock .
Another account, shows the January 1, 2005 into a 1500-million to the January 11, 2006, capital account value of the shares reached 30.33 million yuan to buy the stock mainly daughter Pharmaceutical ( 600479.SH), Guizhou Maotai, Ma Ying-lung (600993. SH), G Vanke A (000002. SZ), Yunnan Baiyao, G copper-(000630. SZ), and G Ductile Iron Pipes (000778.SZ).
In fact, from 2004 in April to the end of 2005, Linyuan stocks have earned nearly 2 million yuan, with 170 million yuan on the account before. Linyuan actually been earned 4 million yuan.
In the meantime, Linyuan also their sights on some of the risk-free varieties, such as in February 2005 Linyuan for the first time a large number of investment buying convertible bonds, buying the average price is 102 yuan. "China Merchants Bank to buy convertible bonds, as long as four years, China Merchants Bank did not collapse, then the investment risk is almost zero. I firmly believe that four years, China Merchants Bank rose definitely."
Only buy the market undervalued stocks
Linyuan from the set of its own stock picking criteria. The most basic principle is: only buy undervalued by the market shares.
According to his theory, investing in stocks, the earnings ability and enterprise product prices are stable is the first element to be considered. In the operation of the stock, the Linyuan usually some well-known enterprises as an entry point, by comparing a variety of financial indicators, pricing power and growth of comprehensive decision.
"Business is too complex and not vote for the company, accounts for companies do not calculate exactly the election. I have 70% of the time I bought the company used in research and follow-on, which also focus on listed companies and competitors."
Some stocks, Linyuan successive track in about three years time, and will come to the companies to understand the situation on the ground and fully understand its main competitors, the company status.
Stock of his choice Another feature is to find some value in the PE of around 5 to 6 times, performance and stability of the company's buying, then the annual return up to 20%. In addition, the company's dividend yield is also a reference to one of the factors, if the annual dividend rate of 8% or more, even if there are fluctuations in stock prices would not be a big problem.
At present, the Linyuan act primarily on behalf of holders to take up shares of blue-chip index. Most recent portfolio is: China Merchants Bank, G Tongdu, G Cast Pipe, Yunnanbaiyao, Chitianhua (600227.SH), the Central Plains High Speed (600020.SH). For the stock market after the reform, Mr Lin said: "The ongoing share reform will only make our stock more affordable to buy and can not change the company's good or bad, I think the company participates or not shares of reform can not be my criteria for buying stocks."
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