Rebirth of the Capital Legend

Hou Baolong looked at Su Yi with admiration, and then quickly issued trading orders to continue buying to each trading group in the trading room. When the new trading orders were issued, with the crackling sound of traders typing on their keyboards, tens of millions, tens of millions, or even hundreds of millions of funds quickly flowed into the market from the trading accounts operated by various traders.

The next moment, these capital flows, almost at the same time, consistently poured into the real estate, nonferrous metals, coal and steel sectors.

I saw that the core stocks corresponding to the major sectors, including "Kewan Real Estate", "Poly Real Estate", "Gemdale Group", "Shenhua Coal Industry", "Jincheng Coal Industry" and other stocks, had emerged one after another with large orders of tens of thousands of shares that were actively taken up. At the same time, the stock prices also stopped falling rapidly and rebounded quickly.

Of course, at the same moment.

In the Hong Kong stock market, domestic real estate stocks also saw another collective abnormal movement.

"Looking at the market trend, Huayi Capital is still buying like crazy." Noticing the unusual market movements after 1 o'clock, Huang Qingyun, the trading team leader of the 'Xino Future No. ' fund product trading room of Sino Private Equity Fund Company in Shanghai, said with a little surprise, "The market is under heavy selling pressure, there are big differences in the trend, and there is obviously insufficient incremental funds. Logically... even if there is no problem with the main line logic, it is estimated that it will fluctuate for a period of time. Only after the bottom chip structure is further consolidated and the logic and future expectations are clearer, will there be a continuous upward trend. And Huayi Capital, this institution, is starting to forcibly support the market and attack fiercely at this time. I'm afraid it's not appropriate, right?"

"How can you tell that the other party is attacking hard and forcibly supporting the market?" Fund product manager Men Xingtao smiled and said, "This institution's trading technology is very mature. At this time, the support is just to take over the panic chips sold by the market. It should not have the idea of ​​forcibly supporting the market and forcing the market.

but……"

Meng Xingtao paused and continued, "Overall, the other party's buying style is still quite aggressive. This shows that while Huayi Capital is optimistic about the subsequent market of the core sector of 'real estate' and its potential for future explosion, it does not have many relevant chips at present."

"Yes, I think so too." Huang Qingyun said, "It's not just Huayi Capital that currently has no chips in the core stocks in the real estate sector. The main domestic institutions should not have many chips in these stocks, especially in the domestic real estate stocks in the Hong Kong stock market, right?"

"Before, domestic institutions were generally pessimistic about the development of the real estate market," said Men Xingtao. "In addition, due to the market environment, it is normal that there are no corresponding positions in the pessimistic main line areas, and this... also happens to have caused the current situation of extremely undervalued valuations of domestic real estate stocks in the Hong Kong stock market.

In the future, as industry fundamentals reverse, the performance of leading companies in the industry will grow and industry valuations will increase.

There is an obvious opportunity for revaluation in this area.

Moreover, I believe that in the next one or two years, the area with the greatest potential for explosion will be domestic real estate stocks in the Hong Kong stock market.

After all, relatively speaking, the valuation of the corresponding leading real estate stocks in the A-share market is still higher than that of the Hong Kong-listed domestic real estate stocks, and the chip structure is also more complicated. "

"If the expectations are clear, then the chips of domestic real estate stocks are now very valuable." Huang Qingyun said, "And as far as I know, Huayi Capital has a big appetite. If we don't speed up and follow up now, I'm afraid we won't be able to pick up such cheap chips later."

There is still a certain gap between their fund's position building plan and the completion of its established target.

Therefore, Huang Qingyun’s idea is to take advantage of the opportunity that the market sentiment is still at the bottom and the share prices of core domestic real estate stocks are still at a low level.

Before the institution "Huayi Capital" fully completes the main line of building positions in "real estate".

Fill up the positions of your own fund.

Previously, they did not fully invest in their positions and had been hesitant because the future expectations of the main market trend of the "real estate" sector and the logic of asset revaluation were not recognized by other major market funds and had not been correctly verified by market trends. In addition, due to the lack of market liquidity, they lacked confidence in the future market.

But it's different now...

The institution "Huayi Capital" has entered the market in full force, and its main target of attack is the real estate sector, which is severely undervalued and has a huge expectation gap.

This main trend is led by Huayi Capital.

At the same time, housing prices across the country have been skyrocketing, and real estate developers, urban construction and urban investment companies across the country are all trying their best to invest money in order to get a piece of the pie.

Then the subsequent market expectations and the revaluation of real estate stocks will no longer be a problem.

On the contrary, it is a more certain opportunity.

In this way, concerns are largely dispelled and the future is becoming increasingly certain.

Naturally, the sooner you fill up your position and the lower the price you are at, the better it is to hold scarce chips at low prices.

After hearing Huang Qingyun's proposal, Men Xingtao pondered for a moment, then nodded firmly and said, "Okay, then let's fill up our fund's positions in the next few trading days. Since we believe through various analyses that the real estate sector, especially the domestic real estate stocks in the Hong Kong stock market, have huge expectation gaps and value revaluation opportunities, we should strengthen our confidence and believe in our own judgment."

As one of the many private equity firms in Shanghai.

If they want to stand out from the fierce competition, become a star fund product in the market, and realize the dream of a private equity fund worth tens of billions.

So, it is necessary to strengthen your confidence, find the right opportunity, and bet big.

Otherwise, in a bear market, it is difficult for the net value to grow far beyond the market average, and it is difficult to attract the attention of the majority of fund investors.

Huang Qingyun after getting instructions from Men Xingtao.

Without waiting for Men Xingtao to say anything, he turned around and immediately conveyed the trading instructions to all traders in the trading room, indicating that he would continue to increase his position and buy until the fund position reached a full position.

As his orders were given, traders continued to buy stocks as they operated their accounts.

In the Hong Kong stock market, many domestic real estate stocks such as "Hengda Real Estate", "Rongchuang Real Estate", "Jingcheng Holdings", "Longhu Real Estate", "Greentown Holdings", "Biguiyuan"... have once again exploded and climbed, and have guided the real estate sector of the A-share market, the corresponding core weighted leading stocks, and other real estate stocks.

"Wow, look at the performance of the 'Chinese real estate stocks' in the Hong Kong stock market, they are really strong."

Seeing that domestic real estate stocks in the Hong Kong stock market have once again exploded and surged, and noting that "Rongchuang Real Estate" has even risen by more than 10% at one point, a large number of retail investors on the online investment platform instantly exclaimed in amazement.

"The funds in A-shares are so damn cowardly."

"Usually, A-shares lead Hong Kong stocks, but I didn't expect that in the past two days, Hong Kong stocks have led A-shares."

"Northbound funds are still strong, but domestic funds are too timid. Without sufficient certainty, they dare not pull up the market and are hiding in the pharmaceutical and liquor sectors."

"That's right. They only know how to form a group around liquor and medicine."

"Don't complain. Driven by the Hong Kong-listed Chinese real estate stocks, the market that was just panic-sold has gradually recovered."

"Just now, several orders of 10,000 lots were simultaneously placed on the four major trading platforms of Kewan Real Estate, Poly Real Estate, Gemdale Group, and China Merchants Shekou. This should be... the work of President Su, right?"

"The big financial sectors such as banks and insurance have started to link up with sectors such as 'real estate', 'nonferrous metals', 'coal', and 'construction'. Looking at this situation... it could also be the 'national team', right?"

"What the hell is the national team? After the stock market crash, who would take the initiative to buy it?"

"It should be the funds for arbitrage and bottom-fishing."

"I feel that the main fund 'Hua Yi Expedition No. 1' managed by President Su must still be buying."

"Maybe the 10,000-lot order just now was really the work of Mr. Su."

"Never mind. The fact that the market has been able to rebound from this recent panic sell-off shows that there is a market here. The real estate sector and the main theme of 'big infrastructure' are indeed due for a wave."

"I know that if the economy is to develop, it has to return to the old path of focusing on 'real estate'."

"I only know that offline housing prices in various cities have generally risen, and real estate stocks will definitely reflect this."

"Housing prices are really amazing. For the past 20 years, they have only gone up, then sideways, and then continued to rise. It has been almost 20 years, and at such a high level, it can still rise so fast."

"The core pillar of the economy, are you kidding me?"

"If the property market goes up, does that mean there is even less hope for the stock market? After all, when enthusiasm pours into the property market, the liquidity of the stock market becomes even lower."

"There is definitely no hope for a bull market in the stock market in the short term, but there are still local markets, right?"

"The property market is booming, so let's speculate in real estate stocks."

"Let's wait and see. Anyway, if the market doesn't pick up again, or even a decent rebound, I'm going to quit the stock market. Wouldn't it be better to use the money to buy a house?"

"I'll give it a try with Mr. Su. If I can't make money, I'll quit."

Amid the discussion, the market trend continued to recover in the last half hour of the trading session. The real estate sector continued to lead the gains, the entire 'big infrastructure' related sector also began to continue to siphon funds, and the 'big finance' related sector also began to bottom out and rebound.

Finally, when 3 o'clock in the afternoon arrived, the two markets closed.

The intraday decline of the Shanghai Composite Index has shrunk from the intraday low of around 1.23% to 0.52%, while the ChiNext Index still maintains a sharp drop of 1.57%.

“The polarization of the market seems to be getting more and more serious recently!”

After the two markets closed, in Shanghai, inside Nuoan Capital Company, in the trading department of the 'Nuoan Blue Chip Mixed Select' fund product, fund manager Wang Shujie said with a smile.

"It seems that there is indeed such a sign." Li Shangfeng, head of the trading team, looked at the closing results of the two markets and the core hot sectors that mainly support the market trend, and said, "Since the circuit breaker stock market crash at the beginning of the year, the market trend has continued to favor blue-chip stocks with good performance.

In the past six months or so, the stocks that have suffered the most in the market are growth concept stocks that were hyped during the bull market in 14 and 15.

In contrast, blue chip stocks have good performance.

Especially blue-chip stocks that are in a positive cycle and in an industry boom cycle.

In fact, the declines caused by the stock market crashes in the second half of last year and the beginning of the year have been generally recovered. Even core blue-chip stocks such as Qianzhou Moutai, Wuliangye, Yanghe Shares, Gree Electric Appliances, and Midea Electric Appliances have almost reached new highs.

Moreover, in recent months.

The trends of the A50 Index and the CSI 300 Index are also significantly stronger than those of the Shenzhen Index and the ChiNext Index.

Even the A50 index has only fallen by 5% overall this year.

In fact, this market style change was relatively obvious three months ago, but no one reacted at that time.

Now, many institutions in the industry are basically choosing style conversion.

Abandoning the previous small-cap growth stocks, and starting to embrace industry leaders, blue-chip stocks with good performance and defensive weights. "

"It's time to change in this direction," said Wang Shujie. "Compared with mature foreign markets, this is the correct and healthy investment model. How could the previous market atmosphere of speculating on small and poor stocks last long? Only by forming a market atmosphere of 'value investment' can my country's stock market usher in a long-term bull market."

"However, although the market's capital preference is generally shifting towards blue-chip stocks with good performance and heavyweight blue chips..." Li Shangfeng paused and continued, "But the differences in the trends between the main lines are still quite large.

For example, the liquor sector has overall recovered from the losses of several rounds of stock market crashes and is about to reach a new high.

However, the steel, coal and nonferrous metals sectors, which have been hyped up by capital in the past two trading days, and a number of blue-chip stocks with heavyweights are all at historical bottoms, with Shenhua Coal Industry even hitting a new historical low.

There is also the petrochemical sector, and the performance of the two oil giants is also very bad.

It can be said that in the market, not all blue chips and blue-chip stocks with high weight can break away from the falling growth stocks and concept stocks, thus forming a sideways or independent upward trend. "

Wang Shujie nodded and said, "It's as expected. This is also an aspect of the market becoming more and more mature. Stocks with good performance and good future prospects should naturally rise, while stocks that are in the downward phase of the industry cycle and have uncertain future performance should continue to fall. There is nothing strange about this."

"But recently, the main sectors such as real estate, coal, steel, nonferrous metals, and construction have seen frequent changes," said Li Shangfeng. "And it seems that the industry fundamentals have begun to reverse. In addition, according to the observations of many major institutions in the industry, the star private equity fund product 'Huayi Yuanzheng No. 1', which has accurately bottomed out the core stocks of liquor, medicine, white appliance consumption, and power in the past six months, has indeed recently reduced its holdings of stocks in the 'new energy industry chain' and bottomed out the leading stocks in the real estate, coal, steel, nonferrous metals and other sectors."

"I have heard about this." Wang Shujie turned his gaze and looked at Li Shangfeng with a smile, and asked, "Shangfeng, what do you think about this?"