Tagged: stock

This year, Mr. Buffett has made a profit from these two stocks

Berkshire Hathaway (403089, – 3416.00, – 0.84%) of “stock god” Warren Buffett’s company has gained $12 billion from only two stocks this year — American Express and Bank of America (38.08, – 1.09, – 2.78%).

This year, Mr. Buffett has made a profit from these two stocks

Regulatory documents show that the legendary investor’s business group held 152 million American Express shares at the end of last year. Since then, the stock has risen more than 20 per cent, adding about $4bn to the value of Berkshire’s stake to $23bn.


Bank of America’s shares have also risen more than 20% this year, bringing Berkshire’s 1 billion shares to nearly $40 billion in less than five months.


At present, American Express has surpassed Coca Cola (54.17, 0.17, 0.31%), becoming Berkshire’s third largest position stock, second only to Apple (133.11, – 1.73, – 1.28%) and Bank of America. The premise, of course, is that Mr. Buffett has not adjusted his position since the end of last year.


Mr. Buffett has owned American Express stock for more than 25 years and has never adjusted his position since 1998. In the meantime, however, the buyback of the credit card company raised Berkshire’s stake from about 11% to nearly 19%. Berkshire spent about $1.3 billion on American Express that year, which means it has gained nearly 18 times the return so far.


In 2011, Mr. Buffett made a big bet on Bank of America in exchange for its preferred shares and warrants with $5 billion. He exercised the warrants in 2017, immediately making the bank one of Berkshire’s largest holdings.


Last fall, Berkshire took another big position in Bank of America, investing $2.1 billion in 12 trading days, despite a sharp decline in U.S. banking stocks in the quarter.


So far, Buffett’s company has invested a total of $14.6 billion to buy bank of America shares, which means that it has gained about $25 billion in return, with a return rate of 170%.

Sk biotechnology in Korea

Sk biotechnology, a new South Korean new stock, officially listed on Thursday, opened only 15 minutes higher than the opening price by 30 percent, triggering a rise and a halt to Korean won 169000.


Sk biotechnology was successfully set a record of double and rising and stopping the opening price compared with the IPO price on the first day of the IPO. The company’s total market value increased to 12.9285 trillion won, and jumped to 28th place on the Kospi market value list, surpassing SK biopharmaceuticals and big hit entertainment recently listed.


Sk biotechnology has attracted attention from institutional funds and retail investors in the first half of this year, and the stock price has been expected to rise. Especially, the shares that can be traded on the first day of listing are only 11.63% of the total issued volume, which promotes the development of bullish psychology.


Sk biotechnology is a vaccine professional production enterprise established after chemical stripping from SK in 2018. In 2019, sales volume reached 183.9 billion won, and the current net profit was 14.7 billion won.

Hutchison Pharma responds to restarting Hong Kong stock IPO

Hutchison Medicine will restart the Hong Kong stock IPO plan?

Silicon Valley's Ultimate "House Robbery"

On March 17, Hutchison Pharmaceuticals (Nasdaq/AIM: HCM) will respond to the above news in the 2020 global performance and latest business progress online communication, saying that Hutchison Pharmaceuticals continues to pay attention to market conditions in order to seek re-listing opportunities, such as Hong Kong And other securities markets such as Shanghai.

According to official website information, Hutchison Medicine is an innovative biopharmaceutical company dedicated to the development of targeted therapies and immunotherapies for the treatment of cancer and immune diseases. It has previously been listed on the Nasdaq and the London Stock Exchange. In 2019, Hutchison Medicine had planned to conduct an IPO in Hong Kong in June of that year, raising about 500 million U.S. dollars, and then suspending the process. The specific reason has not been announced.

At the press conference, Christian Hogg, CEO of Hutchison Medicine, said that in the past 12 to 18 months, Hutchison Medicine has seen great development in Shanghai’s sci-tech innovation board and is very interested. The stock exchanges in Shanghai and Hong Kong both provide financing opportunities. Biotechnology companies such as Hutchison Medicine can raise funds for further development. Hutchison Medicine will continue to pay attention to the development of the exchange.

Zheng Zefeng, chief financial officer of Hutchison Medicine, emphasized that Hutchison Medicine’s next listing plan is still in the discussion stage and there is no specific plan. Hutchison Medicine is always looking for the best time.

At this online communication meeting, the senior management of Hutchison Pharmaceuticals also introduced the latest financial results for 2020.

Financial data shows that Hutchison Pharma’s 2020 annual revenue was US$228 million, an increase of 10.13% year-on-year, of which the combined revenue of oncology and immunization business was US$30.2 million, an increase of US$3.4 million from the US$26.8 million in 2019. The production income, promotion and marketing service income and royalty income of the national class 1 targeted anti-cancer drug Fruquintinib, which is used to treat advanced colorectal cancer, totaled 20 million U.S. dollars.

Hutchison Pharmaceuticals has a net loss of US$125.7 million in 2020, which is an increase from US$106 million in 2019. This is related to its increased R&D investment. According to the 2020 financial report, Hutchison Pharmaceutical’s R&D expenditures have increased to 174.8 million U.S. dollars, mainly for the expansion of ten innovative drug candidates, six of which are being developed globally.

In the product pipeline of Hutchison Medicine, in addition to Fruquintinib and Sofatinib that are already on the market, Servotinib for the treatment of non-small cell lung cancer has also submitted a new drug listing application in China, and the review is currently in progress.

In addition to self-developed products, Hutchison Medicine is also exploring the combination therapy of Fruquintinib and Sofatinib with the PD-(L)1 drugs of Junshi Biologics, BeiGene and other companies.

Su Weiguo, chief scientific officer of Hutchison Medicine, told The Paper (www.thepaper.cn) reporter that Hutchison Medicine has basically established cooperative relationships with most of the PD-(L)1 drugs that have been approved for marketing in China. There are other differentiated PD-(L)1 drugs that have been approved for special effects on certain tumors. In the future, Hutchison Medicine will continue to explore combined treatments with other PD-(L)1 drugs.

Su Weiguo further added that different PD-(L)1 have great differences in efficacy and side effects, and they cannot be simply interchanged. The combined PD-(L)1 therapy that has entered the registration study is currently in the dose They are very fixed in terms of medication and medication methods. I hope that the registration research will achieve better results, and eventually be listed, or even enter the medical insurance. This will not only promote the market and sales of Hutchison Medicine’s own products, but also bring benefits to more patients.

There are still more cities in southern China

In 2019, Huawei’s annual revenue was 858.8 billion yuan, up 19.1% year on year.Net profit was 62.7 billion yuan, up 5.6 percent year on year.Cash flow from operating activities was 91.4 billion yuan, up 22.4% year on year.The excellent performance is inseparable from the continuous R&D investment. In 2019, Huawei’s R&D investment reached 131.7 billion yuan, accounting for 15.3% of the annual sales revenue and a 29.7% year-on-year increase. The cumulative R&D investment in the past decade exceeded 600 billion yuan.

Year-end bonus, salary, stock

Baidu’s year-end bonus mainly includes bonuses, raises and equity incentives.It depends on the year-end rating, which ranges from 1 to 5.Most employees get three points and at least two months ‘pay goes into their pockets as an annual bonus.

On the last day of 2020, Baidu issued a “U bonus” to some employees, according to Sina Hong Kong. The target is “all regular employees who have been working for Baidu for more than two years and are willing to continue to contribute to Baidu”. In addition to the monthly salary and year-end bonus, they will get 50% more basic monthly salary.

According to the official Weibo account of E Company, 39 outstanding employees were awarded the 2020 “Golden Key Car Award” at the headquarters of E Company in Yantai on the morning of February 5.At present, this “bold” enterprise has been awarded to outstanding employees for 13 years, a total of 407 cars, a total value of nearly 56 million yuan.

As an oil and gas services company, Gerry Holdings listed in the A-share market in 2010, specializing in fracturing equipment, mostly used in shale oil and gas production.So far this year, Jerry’s share price has risen 39.6% to 48.86 yuan at the latest, with a market value of 46.8 billion yuan.Another company in Shandong province is also giving its employees cars ahead of Spring Festival.

A car issuing ceremony of Shandong Starlight Sugar Group was held in Leling, east China’s Shandong Province, Feb. 4, 2018.The group has spent about 15 million yuan rewarding 40 outstanding employees with a car each to share the fruits of its development.

It is understood that the star group was established in 2004, the building function of sucrose, starch sugar, sugar “three sugar as the base” “3310” project, successively completed 16 subsidiaries, developed the chengji cane sugar processing, corn processing is one of the diversified private enterprises in shandong, is a national key support for grain and oil industry leading enterprises, the country’s largest sugar reserve center and the most powerful in the north of the sugar delivery center.

In the slightly tougher year of 2020, 38.5 percent of white-collar workers received the same annual bonus as the previous year.35.8 percent of respondents said they received fewer bonuses, while only 25.9 percent received more generous bonuses, down from 37.3 percent in 2019.

In 2020, Beijing topped the list with an average of 13,258 yuan, with five other cities topping 10,000 yuan.

On the whole, there are still more cities in southern China among the top cities in year-end bonus ranking, with new first-tier cities such as Hangzhou, Suzhou and Hefei and second-tier cities such as Fuzhou and Ningbo among the top 10.The annual bonus for white-collar workers in urban areas is linked to the local average salary, so developed regions will pay higher bonuses accordingly.

Much better than sending mobile phones

According to a media report on Feb. 8, Tencent announced the Sunshine Award today, and each Tencent employee will receive 100 shares of Tencent stock, which will be lifted for one year.If calculated at current prices, 100 shares of Tencent’s market value is about 74,000 Hong Kong dollars, or about 61,000 yuan.The award is also available to employees who have been on the job for less than a year.

According to the new meridian weft, a number of Tencent company staff to confirm the news.”It was a surprise this morning,” she said. “Before that, no one knew anything about it.A Tencent employee said, “The last time we issued a folding-screen phone with 20,000 pieces, we felt very rich, but this time we directly issued tens of thousands of shares.I just want to say that at this moment I feel like I have to work for Tencent!”

Year-end bonus, salary, stock

Another Tencent employee said he had been notified, but it was unclear if everyone had been notified.”Tencent awards are very common, Xiao Ma (Ma Huateng) is so good to staff!””The employee said.

A number of Tencent employees have posted “boasting” on various social forums: “Little Brother, YYDS (eternal God)”, “willing to work hard for Little Brother” and “much better than sending mobile phones”.

However, Tencent responded to media reports that “everyone will receive 100 shares of Tencent’s annual bonus” by saying that not everyone will receive the bonus.”In this year’s year-end bonus, the company awarded a concentric peer award (a one-time incentive of 100 shares) to employees who made special contributions.”Tencent said.

However, there are also media reports that Tencent’s bonus incentive is not available to all employees, but in fact the vast majority of employees have.

According to brokerage China, the “sunshine” award of 100 Tencent shares is not Tencent’s year-end bonus.In the past, the year-end bonus of Tencent employees was usually based on their monthly salary and multiplied by a fixed multiple, according to employees of Tencent.

Previously, the rumor that the King of Glory team will get 100 months ‘salary for their year-end bonus has been widely reported on the Internet, although Tencent officially denied this rumor.However, Tencent’s annual bonus has always been very generous, and its employees’ monthly salary has always been the envy of migrant workers.

Tencent had a total of 77,592 employees at the end of September 2020, compared with nearly 7,000 new hires at the end of the second quarter of 2020, according to the company’s third-quarter 2020 financial report.

The number of white-collar workers receiving year

In terms of industries, energy/mining/environmental protection and government/non-profit organizations still rank the top two with 38.9% and 35.6% respectively, followed by automobile/production/processing/manufacturing (32.9%) and real estate/construction (31%).

Traditional manufacturing and basic industries, the backbone of China’s economic development, have played an irreplaceable role in stabilizing the industry chain amid the outbreak, the report said. They are also developing well in the new round of industrial structure upgrading, and related enterprises are also benefiting their employees with dividends.

Year-end bonus, salary, stock

Compared with 2019, white-collar workers in most industries saw their share of year-end bonuses shrink, while cultural and sports education/arts and crafts were the only sector to see positive growth.

In addition, the service sector, which is highly dependent on offline consumption, was hit hard during the epidemic prevention period. The number of white-collar workers receiving year-end bonuses shrank by nearly half to 17.7 percent from 32.2 percent in 2019.

On February 3, Tencent Wintong and the Wealth Management Research Center of the National Finance and Development Laboratory of the Chinese Academy of Social Sciences released the “2020 Annual Bonus Survey Report”, which showed that nearly 70% of corporate managers will still give year-end bonuses to their employees this year, although the operation of enterprises affected by the epidemic may fluctuate.Among the respondents, 21.1 percent said they have received a year-end bonus, 47.5 percent said they have arranged to receive a year-end bonus but have not yet received one, 13.6 percent said they have confirmed that they will not receive one and 17.8 percent are not sure.

When it comes to personal bonuses, more than half of them will receive less than in previous years.Among them, 40.4 percent are the same as last year, and 8.7 percent are up from last year.In the annual bonus survey, 72.8 percent of respondents expected their annual bonus to be less than the threshold of 10,000 yuan.

According to the report, even though they did not get their expected year-end bonus, 68.5 percent of them still chose to understand and be willing to share adversity with the company, while only 29 percent would consider seeking more suitable opportunities under the premise of doing a good job at their current job.Looking ahead to 2021, 55.1 percent of workers are confident that their incomes will increase.


Can the stock price of stone technology continue to be “Crazy” when the ban is lifted

It has been less than a year since it was listed, but stone technology (688169. SH), which is the most expensive new stock on the science and technology innovation board, is really crazy in 2020. As a technology company with Slam (real-time positioning and map building) algorithm as the core technology, stone technology does not have the blessing of “Maotai flavor technology”, nor does it have the first market share, but its stock price has fully increased five times in 2020.

Can the stock price of stone technology continue to be "Crazy" when the ban is lifted

Since December 16, 2020, after breaking through the thousand yuan mark, the stock price of stone technology has basically started to dance on the thousand yuan, making people call “can’t understand”. “The confidence of the industry, the blessing of science and technology, and outstanding performance” are the reasons why stone technology thinks that the capital market is optimistic about itself.


Can the stock price of stone technology continue to be crazy? On February 2, stone technology rose 3.51% to close at 1210 yuan per share on that day. Source: Oriental fortune.com


However, with the progress of the industry, the whole market is rapidly turning from blue to red, and the original algorithm advantages of stone technology are gradually catching up with the friends. Whether the stone, which has the traditional giants before and the new comers after, can stabilize the stock price and continue the “madness” when the ban is lifted, has become the biggest focus of the whole industry at the beginning of the year.


Dance for thousands of yuan


On the evening of January 27, stone technology handed over its first year’s report card: in 2020, the company’s annual net profit to its parent company is expected to increase by at least 537 million yuan year on year, with an increase of at least 68.61%; only the incremental part will exceed the annual net profit of corworth, the largest domestic competitor. It is estimated that the net profit of stone technology will at least exceed 1.3 billion yuan in 2020.


After the issuance of the performance notice, heavyweight securities companies including Tianfeng securities and Huatai Securities successively rated stone technology as “overweight” or “buy”; after listing, stone technology has received 64 securities companies’ research reports, of which 61 are recommended to be overweight or buy.


The organization’s enthusiasm for stone technology does not just stay at the level of research and report. Since its listing, the total number of shareholders of stone technology has decreased from 16300 to 5773 at the end of the third quarter. According to the annual report of public funds in 2020, a total of 68 funds and 26 companies hold 4.8827 million shares of stone technology, accounting for about 30% of the total number of circulating shares of stone technology.


In addition, in the fourth quarter of 2020, the public offering fund will further increase its holdings of 1133100 shares of stone technology. And the top ten circulating shareholders of stone technology are all institutions, among which the total holding market value of five public funds under Jingshun Great Wall exceeds 1.8 billion yuan.


Can the stock price of stone technology continue to be crazy? Top 10 circulation shareholders of stone technology


In fact, judging from the current 1000 yuan share price of stone technology, the price of its first-hand stock has exceeded 100000 yuan, which is an indisputable fact that it is difficult for retail investors to play.


In addition, on February 22, stone technology will also usher in the lifting of restrictions on the sale of shares for the first time after listing, with the lifting scale of 28.57 million shares, accounting for 42.64% of its total share capital.

Can the stock price of stone technology continue to be "Crazy" when the ban is lifted

By the end of the third quarter of 2020, stone technology founder Chang Jing held 23.24% of the company’s shares, Shunwei capital and Tianjin Jinmi investment held 9.64% and 8.89% respectively, ranking second and third.


Interestingly, although the current red purple, but the beginning of the listing of stone technology has also set a science and technology board two first. The issue price of stone technology is 271.12 yuan / share, which not only sets a record for the issue price of new shares on the science and technology innovation board, but also sets a new high for the issue price of a shares. In addition, the amount of online investors to buy new shares is also the first on the science and technology innovation board.


According to the issuance results disclosed by stone technology at that time, online investors gave up a total of 55600 shares, and the amount of online investors gave up subscription was 15.0756 million yuan.


Stone technology also told observer.com that “the company’s share price is high and its circulation is small. Only by not being lost in temptation due to listing and maintaining entrepreneurial spirit can it occupy a place in the market.”.


Wild market, take off


It’s not only stone technology that has seen its share price soar. Another giant robot sweeper in China, corworth (603486. SH), has also experienced a wave of take-off in 2020, from around 20 yuan at the beginning of the year to about 90 yuan at the end of the year.


This has a lot to do with the basic orientation of the whole market.


Sweeping robots were not just needed in the domestic market before. In 1996, the Swedish appliance giant Electrolux launched the first household level “trilobite” sweeping robot. According to relevant information, the product is no longer very different from today’s floor sweeping robot in form: the height of 13 cm can clean the table and the bed bottom, the product can avoid obstacles through ultrasonic detection and build room map, and the subsequent upgrade adds infrared sensors, but there is a big gap in “intelligence” with the present.


In September 2002, iRobot launched Roomba series of random impact floor sweeping robots. Its greatest significance lies in its patented invention “three-stage cleaning structure”. This cleaning structure with “edge brush + rolling brush + suction port” has been used up to now. Since 2016, with the rapid development of AI, laser positioning, big data algorithm and other technologies, sweeping robots have begun to integrate with various new technologies, and the mainstream development direction of products has also begun to anchor.


The domestic sweeping robot market started late. According to Euromonitor International Statistics, in 2015, about 206 000 sweeping robots were sold in China, which rose to 5.44 million in 2019, ranking the first in the world, far exceeding 2.745 million in the United States and 2.384 million in Western Europe. At the same time, more than 90% of the production and manufacturing of sweeping robots are concentrated in China.


Can the stock price of stone technology continue to be crazy? Market penetration of floor sweeping robots in China source: foresight Industry Research Institute


Even so, the Chinese market still has a lot of room for development. According to the forecast of China Merchants Securities, the domestic market of floor sweeping robots is estimated to have about 15 million units. According to 250 million urban households, the penetration rate is only 6%, far lower than 10% in Japan, Europe and 13% in North America.


Founder Securities has also estimated that the number of floor sweeping robots in the global core market will reach 100 million in 2020, which is 3.3 times of that in 2019. However, even with the rapid growth, the penetration rate of global floor sweeping robots is less than 10%, and the industry ceiling is far from being reached.


Obviously, compared with the traditional small appliances, the sweeper robot essentially realizes the complete replacement of human power, which is unmatched by other small appliances in product experience. With the post-80s and post-90s gradually becoming the backbone of society, this kind of user group also has a natural affinity for high-tech products. Under the background of increasing product reputation, users are willing to taste new products.


In addition, COVID-19 made the public’s home time greatly extended, the enhancement of household labor intensity and the demand for family environmental hygiene were further developed. The market of sweeper gradually changed from a “blind spot” to a “pain spot”.


In the overseas market, iRobot’s U.S. market has achieved a year-on-year growth of 12.6% in the second quarter, and its sales almost doubled in the third quarter. According to the global search popularity of Google Trends, in 2020, the search popularity peak of sweeping robot will increase by 19% year on year, while the search popularity peak of stone will increase by more than 60% year on year.


And stone technology also told observer.com that in the first half of 2020, the company’s overseas direct revenue will be 560 million yuan, and many products in North America and Western Europe will enter the top 20 of Amazon’s sales.


On the one hand is the rapid outbreak of industry demand, on the other hand is far from being developed market. Under all kinds of favorable conditions, the relevant individual stocks will take off in 2020. However, it is still unknown whether this capital Carnival will last forever or be destroyed.


Different stones


Compared with its main competitors, stone technology is too young.


In 2014, Chang Jing, the former head of Baidu maps, jumped out of the software circle to establish stone technology and stepped into the hardware field, but stone technology at that time was not well-known. It was not until Xiaomi’s investment and the launch of the first “Mijia sweeping robot” in 2016 that stone technology gradually became well known.


But at that time, corworth had been working in the field of home cleaning for 18 years, and the American company iRobot had more than half of the global market share of floor sweeping robots.


Fortunately, the young stone technology was born at the right time, and the asset light Internet operation mode was at its peak in 2016. On the surface, stone technology is inferior to the old manufacturers in the first mover advantages, product channels, brand awareness, production capacity and other aspects, but these disadvantages are not fatal defects in the era of industrial division.


On the contrary, relying on the Xiaomi ecological chain system, stone technology focuses its development on product R & D and design. OEM factories such as xinwanda are responsible for production and manufacturing. Its sales channels are mainly online, but there are also support from MI stores and dealers offline. This means that compared with traditional manufacturers, stone technology has an advantage in sales cost control and younger team.


In addition, although the floor sweeping robot is a hardware product, the motherboard, motor, wheel, etc. of its hardware part in the whole industrial system have been very mature; in fact, the specific cleaning efficiency is mainly determined by the software algorithm. The stone technology innovation team represented by Changjing is basically from Baidu and Microsoft, and naturally has advantages in the field of algorithm.


Can the stock price of stone technology continue to be crazy? T7 Pro products released by stone technology in 2020


Stone technology also mentioned to the observer that the floor sweeping robot is a product combining software and hardware. Stone is the first manufacturer of large-scale mass production of LDS module (laser direct structure, namely lidar), leading the floor sweeping robot industry into the LDS era, and starting to explore AI binocular vision obstacle avoidance technology in 2020.


No “burden” means that stone technology can run light.


At present, in terms of profit, although the gross profit rate of stone technology is about 50% in the industry average, its net profit rate of more than 30% has far exceeded that of its peers in the industry. The company’s revenue has also increased from 200 million yuan in 2016 to 4.2 billion yuan in 2019, with a compound annual growth rate of 184%, far exceeding the 18% growth rate of domestic veteran manufacturer corworth.


According to the online channel monitoring data of Ovi cloud in 2020, corworth still ranks first in the market with a share of 40.9%, Xiaomi and Shitou technology rank second and third with a share of 15.7% and 11% respectively, and the start-up company Yunjing also has a share of 10.7%.


Can the stock price of stone technology continue to be crazy? Proportion of online retail sales from 2019 to 2020 source: Ovi cloud


However, it is worth noting that at present, only corworth products can cover all price segments in China. Xiaomi mainly focuses on the price range of 1000-2000 yuan, while stone technology mainly focuses on the price range of 2000-3000 yuan.


Can stones continue to be “Crazy”?


Although it has achieved good results since its establishment, there are still a series of problems to be solved. Millet is a barrier that can’t be crossed.


In September 2017, stone technology, which is not willing to only do OEM business, began to push its own brand, which made the company directly compete with Xiaomi brand. Although the proportion of Xiaomi’s revenue to stone technology has been declining year by year in recent years, the two sides are still deeply bound in many aspects, such as sharing OEM and technology patents.


In the prospectus of stone technology, there are as many as ten risks related to Xiaomi, and even the selection of OEM manufacturers lacks a certain degree of autonomy.


In the first half of 2020, the proportion of related party transaction revenue between stone technology and Xiaomi has declined to 13.75%. Stone technology also told observer that the company will further reduce the proportion of OEM and increase the promotion of its own brand.


Can the stock price of stone technology continue to be crazy? At the level of foundry, stone technology even faces the restriction of Xiaomi. Source: Stone Technology prospectus


However, the decoupling of the brand can not alleviate the dependence of stone technology on millet. Because stone technology is a typical asset light operation mode, it means that stone technology can create ultra-high profits with the average gross profit level of the industry. In essence, it relies on the dividend of millet ecological chain, and this dividend will become increasingly unstable with the decoupling of both sides.


The relationship between the two sides began to become more and more delicate. In the equity incentive assessment, stone technology pays special attention to the promotion of its own brand sales, and Xiaomi has been looking for new partners since 2019, including zhuimi, yunmi, Yinxing, etc.


In this series of new partners, seeking technology has a similar technical background with stone technology. From Xiaomi’s point of view, it’s not difficult to be able to hold a red stone, and then hold a red one.


Stone technology also told observer.com that the company is full of confidence in its future, and Xiaomi is still the second largest shareholder of the company. Stone technology believes that it can work with Xiaomi to promote the technological progress of the industry, promote product updating and iteration, and bring more beautiful user experience to consumers.


Moreover, with the development of the whole industry, algorithm technology is no longer the unique skill of stone technology, and each head manufacturer can no longer form an advantage over competitors in terms of product cleaning effect. Differentiated customer experience has become a new customer password.


Can the stock price of stone technology continue to be crazy? Proportion of retail sales of online head brands from 2019 to 2020 and year-on-year data source: Ovi cloud


For example, in 2020, Yunjing, a new brand that has sprung up, will directly reach the market price of more than 3000 yuan by virtue of the selling points of “sweeping and towing integration” and “self washing mop”. Its annual market share is comparable to that of stone technology.


While focusing on the high-end market, coves, an old brand manufacturer, has also launched a new type of washable floor sweeper, which solves the problem of cleaning the whole family with a small rag by realizing the closed-loop cleaning work of “dust collection, floor mopping and self-cleaning”.


This also shows from another angle that although there are certain barriers in the floor sweeping robot industry, there are still many differences between the old giants and the new manufacturers.

“Buffett’s successor” grabs to raise this bank stock again

Keep fighting! “Buffett successor” Li Lu is still in a big increase in Postal Savings Bank H shares.

"Buffett's successor" grabs to raise this bank stock again

On January 20, a Chinese reporter from the securities firm disclosed from the Hong Kong stock exchange that after Li Lu had bought H shares of postal savings bank, he was still increasing his holdings of postal savings bank through his Himalayan capital recently.


Data show that stimulated by the good news, the A shares and H shares of postal savings bank opened higher on January 15, and their H shares rose by 15.87%. On the same day, Li Lu continued to increase his holdings of postal savings bank through Himalayan capital and bought 83.544 million shares of the bank.


In the past five trading days, the banking sector recorded significant gains, while the A-share and H-share banking sectors showed positive emotions. According to choice data, the A-share bank index was positive for four consecutive days until the 20th when it was adjusted. In terms of Hong Kong banks, the index also rose significantly, rising about 2.12% in the past five trading days.


Li Lu holds 269 million shares more


Recently, the Hong Kong Stock Exchange disclosed that Yi once again announced that on January 15, through his Himalayan capital, Li Lu purchased 83.544 million Hong Kong shares of postal savings bank at an average price of about HK $5.35 per share at a total cost of about HK $447 million.


It is worth noting that after the increase, the H shares of postal savings bank held by Himalayan capital under Li Lu have increased to 1.274 billion shares. It can be inferred from the information disclosed by the Hong Kong stock exchange that in less than one month from December 19, 2020 to January 15, 2021, Li Lu continued to buy 269 million H shares of postal savings bank.


So far, the “successor to Warren Buffett” with a prominent investment background has held 6.42% of the total share capital of H shares issued by postal savings bank. If calculated by the closing price of HK $5.24 per share on January 20, its stock market value has exceeded HK $6.67 billion, equivalent to about RMB 5.57 billion.


The reporter noted that on December 18, 2020, the HKEx recorded for the first time that Li Lu spent HK $132.62 billion to buy H shares of postal savings bank. At that time, he held 1.005 billion shares, with a market value of about HK $4.241 billion. As of January 20, in just 22 trading days, the postal savings bank has increased by more than 24%, and the floating profit of this part of its shares has reached HK $1025 million.


Similarly, when Warren Buffett bought Wells Fargo in 1990, the P / E ratio was less than 5 times. At present, the H shares of postal savings bank are only about 6.7 times, and the P / B ratio is lower than the net assets per share, which is only 0.6 times.


According to public information, Himalayan capital management company was founded by Li Lu at the end of 1997. Currently, it is headquartered in Los Angeles, USA. It mainly invests in high-quality companies with long-term competitive advantages and huge growth potential in Asia and North America. At present, Himalayan capital has assets under management of at least $10 billion.

"Buffett's successor" grabs to raise this bank stock again

In fact, Himalayan capital rarely disclosed its position. However, according to the information disclosed by the US Securities Regulatory Commission, a hedge fund with total assets of about US $1.39 billion held by Himalayan capital shows that as of the end of September 2020, the fund has held four stocks, of which about 41.09% is Meguiar technology, the largest computer memory chip manufacturer in the United States, followed by Internet companies, of which 26.58% is Chinese Social media giant Facebook, 9.63% of which is Google’s parent company alphabet; financial stocks are Bank of America, with a position of 22.7%.


Earlier, in an interview with the media, Li Lu said that he was very optimistic about China’s economic development and believed that China’s economic opportunities were all-round. He believes that it is not only the continuous improvement of industrial technology, but also the large-scale popularization of urban living standards to the rural population. There are also many endogenous needs that will be created in this process.


Recently, the banking sector rose significantly, with a net capital inflow of more than 5.6 billion yuan


In the last five trading days, the banking sector recorded a large increase, and the main capital showed a net inflow state. According to wind data, the net inflow of the banking sector reached 5.654 billion yuan in five days.


Prior to this, by a number of banks faster than expected results and other good news stimulation, the obvious outbreak of the banking sector, mainly in January 15. On the same day, the plate index once rose by more than 4.5%, industrial bank, China Merchants Bank, Ping An Bank once rose by more than 8%, and set a record high in the day, while postal savings bank once rose by the limit, and finally closed up by 8.37%.


Specifically, according to Ifind data, the Bank of Chengdu was the biggest gainer of a shares in recent 5 days, with a range of 12.88% from January 14 to 20. Industrial Bank and postal savings bank followed closely, with an increase of 10.05% and 9.39% respectively. In addition, Ping An Bank, Wuxi bank and Changsha bank also rose more than 5% in recent five days, up 8.55%, 6.82% and 5.44% respectively.


However, Ifind data showed that on January 20, the banking sector adjusted after rising for four consecutive days. On the same day, A-share banking sector a total of 32 stocks fell, 2 flat, only Ping An Bank, Bank of Xi’an, Jiangyin bank 3 stocks closed up.


Among them, industrial bank, Bank of Hangzhou and Bank of Changsha fell the top three on the 20th. The three stocks fell 2.76%, 2.71% and 2.56% respectively. Bank of Chengdu, China Construction Bank and Everbright Bank also fell more than 2%.


The performance of listed banks continued to disclose, and the net profit performance still exceeded expectations


In recent days, after Bank of Shanghai, China Merchants Bank and industrial bank disclosed the performance data exceeding the market expectation in 2020, many banks continued to release their unaudited business performance in 2020. The data shows that the net profit growth of most listed banks is positive year-on-year, exceeding market expectations.


On the 18th, the Bank of Jiangsu released a performance express, showing that in 2020, the bank’s total operating revenue was 52.026 billion yuan, an increase of 15.68% over the same period of last year; the net profit attributable to shareholders of listed companies was 15.066 billion yuan, an increase of 3.06% over the same period of last year. In terms of non-performing loan ratio, the non-performing loan ratio of the bank was 1.32% at the end of 2020, which was 0.06 percentage point lower than that at the beginning of the period, falling for five consecutive years.


On the 20th, Bank of Wuxi and Bank of Jiangyin disclosed their respective performance in 2020. Among them, in 2020, Wuxi bank achieved a revenue of 3.896 billion yuan, a year-on-year increase of 10.06%; the net profit attributable to shareholders of listed companies was 1.312 billion yuan, a year-on-year increase of 4.96%. By the end of 2020, the non-performing loan ratio of the bank was 1.10%, 0.11 percentage point lower than that at the beginning of the year.


According to the performance express of Jiangyin bank, last year’s revenue was 3.323 billion yuan, down 2.38% compared with the same period last year; the net profit attributable to shareholders of listed companies was 1.057 billion yuan, up 4.34% compared with the same period last year. The non-performing loan ratio was 1.79%, 0.04 percentage point lower than that at the beginning of the year.


As for the recent performance of the banking sector, Wang Yifeng, banking analyst of Everbright Securities, said in the research report that driven by the “catalyst” of the annual performance express, the recovery of economic fundamentals resonated with the abundant liquidity, which promoted the rise of banking stocks. On the whole, the bank financial indicators of the performance express disclosed in the early stage perform well, especially the quarterly profit growth.


According to the analysis of Wang Jian’s team in the research report, bank stocks are mainly divided into “growth stocks” with rapid performance growth and “cyclical stocks” with return on investment from the valuation repair brought about by macroeconomic cycle. Among them, the vast majority of banks are classified as “cyclical stocks” due to lack of growth, and their stock price performance mainly depends on whether the banking sector as a whole gets valuation repair. According to Wang Jian’s team, under the reversal logic of bank fundamentals in 2021, investors should pay attention to the “cyclical stock” attribute of banks.


Guo Qiwei, banking analyst of Minsheng securities, pointed out in the research report that the peak of social finance, the tightening of credit, the enhancement of the bargaining power of the bank’s asset side, and the lifting of policy restrictions on the release of profits have all accelerated the improvement of bank fundamentals. Minsheng securities suggests to actively grasp the bank express market from January to February, and there is still room for the valuation of bank stocks to rise.

100 people are handled by an epidemic prevention document

This is an ordinary multi-storey old residential building in Shanghai without elevator. Two people carried a bundle of sugar cane upstairs, leaning on their sides. The house is in a small corner on the third floor. Unlike other rooms in the corridor, it has a screen door. The screen door is sealed in the middle, and only the bottom can transmit light.

After knocking on the door twice, a man in his 50s and 60s asked vigilantly at the screen door, who is it?

One and a half months ago, in mid-November, this building was listed as a key surveillance target, and the man’s son was diagnosed as positive for the new crown. Next, the incident is far beyond their control, and this is no longer a matter of tune or isolation.Spark Global Limited

The size of the house, ID number, travel trajectory… all the information of a large family is published on the Internet. The information of a man’s son eating with a girl has become a post-dinner joke on social platforms, with topics ranging from epidemic prevention and control to marriage and love, mixed with ridicule and abuse.

The man’s phone was blown up. He manually blocked the unfamiliar numbers one by one, and new unfamiliar numbers came in constantly. During the day, he would keep the windows tightly closed. But there is always no sense of security, and feels ashamed, like a sinner.

Relevant departments apologized to him, saying that the information may have been leaked by hackers. He felt puzzled and turned to anger, “We are just cooperating with the flow, and we are not celebrities. Why are we leaked out, and why are we subject to so much condemnation and malice?”

He is not the first, nor the last.

Who is the perpetrator?

Ms. Zhou tried to recall the places she visited within 14 days. The clearer the memories, the more conducive to the control of the epidemic. She is one of 77 newly confirmed cases of new coronary pneumonia in Shijiazhuang City on January 10.

On January 11, news about her visit to more than 30 places in 7 days was overwhelming. Customers who have her WeChat Moments also posted screenshots of her Moments on social networks. “A woman is going everywhere”, “the hard-working drug scavenger”… In the suffocating comments of netizens, they began to analyze whether she was divorced or married, and other speculations related to her private life.

She only explained and did not apologize-even if someone pulled her into a WeChat group and forced her to apologize, she did not.

A month ago, Zhao, a girl from Chengdu who had a similar experience with her, chose to apologize publicly.

Previously, she cooperated with the epidemic prevention department to do the circulation work as soon as she was diagnosed. Because of the circulation information, the information that went to multiple bars in one night quickly fermented. In less than a day, her personal information was on multiple social platforms. Was forwarded on the website, including his name, ID number, home address, photo, etc.

“A 20-year-old girl with no fixed occupation, except for going to nail salons, there are all kinds of bars?” “Who is going to such a place for serious girls?” Her phone was blown up, and six calls came in at the same time in one minute. , Even the phone calls of the prevention and control staff could not get in.

When the public opinion was fermented most intensely, she spoke through social media, explaining that her job was bar atmosphere marketing, and publicly apologized to the people of Chengdu and the whole country, “bringing trouble to everyone and breaking everyone’s original peaceful life.”

This year’s largest enterprise acquisition or birth

China’s three major stock indexes fell on November 30
On the last trading day of November, the three major U.S. stock indexes closed lower, with the Dow and the S & P 500 down 0.91% and 0.46% respectively, while the NASDAQ closed down slightly by 0.06%.
Us: Biden plans to nominate former Federal Reserve Chairman Yellen as Treasury Secretary
Earlier on Monday, U.S. President elect Joe Biden proposed to nominate former Fed chairman Yellen as U.S. Treasury secretary. As the market has digested the news ahead of time, after the confirmation of Yellen’s nomination, the US stock market went into a sell-off market. The Dow fell more than 300 points within an hour of the opening, and the originally high opening NASDAQ also changed from up to down.
The U.S. stock market recorded its best monthly performance since 1987
Driven by a series of good news about the new vaccine, the S & P 500 index rose by more than 10% in November, while the Dow rose by 11.8%, the largest monthly increase since 1987. Market analysis believes that in this case, some investors choose to readjust their portfolio at the end of the month or leave the market with profits, which makes us stocks fall from their historical highs.
Manufacturing activity slowed down in the Midwest and Texas in November
On the data side, manufacturing activities in the Midwest and Texas slowed down in November. Analysis shows that the second wave of the new epidemic has depressed production activities, and the number of new orders has also decreased. The data supports expectations of a sharp slowdown in U.S. economic growth in the fourth quarter.
$44 billion! This year’s largest enterprise acquisition
At the corporate level, the share price of financial information company Exin Huamai jumped 7.4% on Monday, the largest increase in the S & P 500 index. Before the data provided, trademark & amp; P global agreed to buy Exin Huamai for $44 billion, which may become the largest corporate acquisition in 2020. S & P Global’s share price rose 3% on Monday.
The prospect of trade talks between Britain and Europe is not clear. Brexit without an agreement may be detrimental to both sides
All three European stock markets closed down on Monday, with London and Paris down 1.59% and 1.42% respectively, and Frankfurt, Germany, down 0.33%. At present, investors have turned their attention to the trade negotiations between the UK and the EU. Considering that the transition period for brexit is only more than one month, the two sides still have great differences on issues such as fisheries, which has aroused market concern. If the two sides fail to reach an agreement, they will return to the framework of the world trade organization to carry out trade. The analysis points out that this situation will lead to a “double loss” situation, which is expected to have an adverse impact on the capital market.
No result of OPEC + meeting, investors give up crude oil to avoid risk
Crude oil prices fell on Monday, with us WTI light crude oil futures closing at $45.34 per barrel and Brent crude oil futures closing at $47.59 per barrel. It is reported that OPEC and relevant oil producing countries did not reach an agreement on the extension of production reduction agreement on Monday, and the parties will further discuss on Tuesday, before investors chose to give up crude oil to avoid risks.
Weak demand for safe haven in the market
Gold prices fell on Monday, with gold futures for February 2021 closing at $1780.90 an ounce. Gold prices fell about 5.3% in November, with analysts pointing to weak demand for safe havens as investors expected the new crown vaccine to help the economy recover.