Summary
[Penghua Fund Wang Zonghe: China Economic Association will breed more outstanding companies]Jinniu Fund Penghua Pension Industry Stock Fund recently released the fourth quarter report of 2021. Wang Zonghe, the fund manager of the fund and the manager of Jinniu Fund, pointed out that the development prospects of related industries have undergone profound changes since the fourth quarter, and value investment is still the most effective and executable investment method that has been verified for a long time. In the future, there will still be room for value growth. Find more opportunities in the company. Under the background of technological innovation, China’s economy will surely produce more new industrial ecology and breed more outstanding companies.
TaurusfundPenghua pension industrystock fundThe fourth quarter report for 2021 was recently released. Wang Zonghe, the fund manager of the fund and manager of Jinniu Fund, pointed out that the development prospects of related industries have undergone profound changes since the fourth quarter, and value investment is still the most effective and executable investment method that has been verified for a long time. Find more opportunities in the company. Under the background of technological innovation, China’s economy will surely produce more new industrial ecology and breed more outstanding companies.
Wang Zonghe’s analysis pointed out that the market has remained volatile since the fourth quarter, showing two characteristics: first, there are few typical sectoral opportunities; second, the policy has a profound impact on the industrial ecological environment and the future operations of related companies. The changes in expectations are particularly dramatic, and in-depth research, long-term stock holdings, and low turnover investment styles have been greatly challenged.The main reason is that the background of the times and the prospects of the industry’s own development are undergoing profound changes, and the certainty of the future development of some industries is questioned by the market, includingeducate, real estate, Internet, medicine, etc., the consumer industry has also been affected by expectations. Against this backdrop, their short-term valuations have experienced greater volatility.
For the investment work in the fourth quarter and even in the future, Wang Zonghe pointed out that it mainly includes two aspects: one is to evaluate the long-term ecological environment of the industry in which the stocks are held, the certainty of the company’s long-term growth, and fully measure their value space. Second, a lot of progress has been made in expanding the capability circle, and we hope to find excellent tracks and excellent companies in new industries, so as to earn the benefits of these corporate value growth for investors.
Penghua pension industry managed by Wang Zonghe of Penghua, among the top ten holdings in the fourth quarter, in addition to the regular liquor stocks, there are alsoAier Ophthalmology、Aleigh、Ningde era、Yiwei Lithium Energy、Betta Pharmaceuticalsand other healthcare and technology stocks. in,Ningde eraIt is a new heavy-holding stock in the fourth quarter.
(Article source: Chinasecuritiesnewspaper)