Time came to October 16, 2017. Looking back ten years ago, the Shanghai Composite Index hit 6124 points. So far, the A-share market has changed dramatically.
In the past ten years, although the A-share index has not returned to a high point, stocks have been brilliant. A large number of individual stocks have gone out of the trend of long cattle, which has brought rich returns to investors.
According to statistics, if calculated according to the former reinstatement (cash dividend) (the same below), as of the close of October 16, the A-share market has risen by more than ten times in ten years. Among them, Huaxia Happiness (600340.SH) topped the list with an amazing increase of 3263.35 times, and Gree Electric (000651.SZ) took the second place with an increase of 895.22 times. Oriental Yuhong (002271.SZ) ranked third with a gain of 43.73 times.
From the perspective of plate distribution, the SME board has become a ten-fold concentration camp, accounting for nearly 40%. In addition to the Oriental Yuhong, there are nine small and medium-sized board stocks that have risen more than ten times, including Vantage (002035.SZ), Mei Nian Health (002044.SZ), Wanfeng Aowei (002085.SZ), and fish. Yue Medical (002223.SZ), Keda Xunfei (002230.SZ), Dahua Co., Ltd. (002236.SZ), Goer shares (002241.SZ), Shanghai Lai Shi (002252.SZ), Kang Dexin (002450. SZ).
In addition, there are 6 ten-fold shares on the GEM, namely LeTV (300104.SZ), Xinwei Communication (300136.SZ), Xingyuan Environment (300266.SZ), Liard (300296.SZ), and rotating Information (300324.SZ), pilot intelligence (300450.SZ), accounting for nearly 30%.
In terms of industry distribution, in addition to the consumer sector, pharmaceuticals and medical devices, there have also been dozens of stocks, such as Gree Electric, Vantage, American Health, Yuyue Medical, Shanghai Lai Shi, Kangmei Pharmaceutical (600518.SH) )Wait.
Yangtze River Delta, Pearl River Delta
Ten times in ten years is the standard that almost all investors dream of, but such stocks are often inaccessible and require high stock selection and shareholding.
In the sector distribution, ten shares of A shares are mainly distributed in small and medium-sized plates and GEM, and this trend becomes more and more obvious over time.
After the 16th, the chairman of Saiya Capital Luo Weidong told reporters of the 21st Century Business Herald that many investors are concerned about how many percentage points they can earn today. It is best to earn a daily limit, but long-term short-term operations will eventually win. It is very rare. "Explore ten times of stocks depends on a little further. At first glance, it is the physical market situation after three years, five years later or even ten years later. Only by seeing what the future is like can we find ten times of shares." Luo Weidong said bluntly.
In Luo Weidong's view, the reason why Zhongxiao Chuang became the main force of 10 times stocks is mainly because the starting point of small and medium-sized enterprises is low. Both market capitalization and market revenue are relatively small, and it is easier to grow ten times. Therefore, small and medium-sized enterprises are the main force of ten times. military.
Yang Yong, chairman of Yunxi Fund, said that as of now, big cattle stocks are mainly in the consumer, medical, technology and strong cycle industries. Small and medium-sized in the bull market is more flexible and more likely to be favored by the main force. The medical industry has a large market capacity and is a sunrise industry. It is a stable growth and it is easy to make big bull stocks. In the history of the United States, medical stocks are one of the three major stocks.
In terms of regional distribution, listed companies located in the Yangtze River Delta and Pearl River Delta account for more than half of the ten-fold shares. In addition, through the combing of ten times of shares, it can be found that private enterprises that have grown up in areas with more developed market economies, stable growth in performance, and low initial market capitalization have a higher probability of ten times.
Looking for the next ten times
Luo Weidong believes that in the past ten years, ten times of shares have been concentrated in the product manufacturing industry in the market with huge capacity in the consumer market. Only the industry with high ceilings in the industry will allow high-growth stocks to have higher room for growth, and it is possible to run ten times.
"The winners of consumption and medicine are the universal rules of the world. In the US stock market, there are also dozens of shares in the consumer and pharmaceutical fields." Luo Weidong said. "In particular, in recent years, I have paid attention to the high-tech pharmaceutical stocks in the United States, and continue to run out of ten times stocks, such as: KITE Pharmaceuticals, ILMN gene sequencing, Da Vinci surgical robots, ALGN invisible beauty, etc. Individuals expect future Chinese stock market There are also many opportunities in the medical and pharmaceutical industry."
In this regard, China Merchants Securities analyst Zhang Xia said that at present, China is in a period of high personalization, quality and high growth rate of entertainment and leisure consumption, similar to the United States in the 1980s and Japan after 1975. With the continuous improvement of disposable income, the types of consumption that meet the spiritual needs will continue to expand. When the post-90s and 00s become the main consumer groups of society, diversified and personalized needs will have larger and more segmented markets.
Zhang Xia expects that the industry characteristics of five times or even ten times the big bull stocks in the next five years are characterized by huge market space and expanding market space; the industry competition is scattered, and excellent companies can benefit from market space expansion and industry. The increase in concentration; the market value of companies in the industry is too small, compared to such a large market, the market value growth space is huge.
Yang Yong said that the next bull-stock concentration camp will appear in emerging industries such as consumption, medical, technology, and new energy automobile industry chains. Luo Weidong expects that the next ten times will appear in the most unexpected places. Because the people who really outperformed in the stock market are just a handful of people.