Across the sea: I have a daily limit system

Chapter 458 Argument

However, what surprised Chen Feng was.

Yang Tianxia is such a shrewd trader.

There will be times of miscalculation.

Moreover, he stumbled on this stock.

But soon, Chen Feng figured it out.

without manipulating the stock price.

These traders are similar to retail investors.

I don't know which stocks will go up and which stocks will go down

So, under the advantage of no funds.

In the short term, these traders are not much different from retail investors.

This time Yang Tianxia stumbled on this stock.

It sounds reasonable.

But stocks are not what I think.

That came out bit by bit.

Chen Feng wanted to hear Yang Tianxia's opinion: "What's the reason?"

Yang Tianxia immediately replied: "From the perspective of the industry, the company does not have too many problems, and it also has sustainable development."

Hearing this, Chen Feng immediately interrupted him: "What about sustainable development? That's an OEM business, can it guarantee a good future development?"

Yang Tianxia said with a smile: "At least I think it is, most industries and businesses are actually quite difficult to do now."

"However, it is very difficult to find a good company. Although you think the OEM business is not very good, the facts have proved that the OEM business is also sustainable."

Chen Feng asked immediately: "How to say?"

Yang Tianxia replied: "Nowadays, many big companies are actually doing OEM business, such as NIKE, all of which are OEM, and, in China, the OEM business has not risen for a long time. In the market, there are not only such One company and many companies have followed suit. From this point of view, it shows that the OEM business has sustainable development. If it is not possible, others will definitely not imitate it."

Chen Feng smiled: "It's a little unreasonable to compare this company with NIKE. After all, NIKE's quality inspection is very strict. In this regard, this company is far worse."

Yang Tianxia nodded, expressing his agreement with Chen Feng: "Mr. Chen, on this point, you are right. There must be problems with the quality of the products produced by this company, but have you noticed that the quality of this company's Business, it seems, has not been affected”

In this regard, Chen Feng has a different opinion: "In the fourth quarter of last year, the company's performance declined significantly. You should have seen this."

Yang Tianxia nodded, and then said with a smile: "Mr. Chen, you are right, but you have to know that the company's OEM business, in general, is still increasing, and the GMV figure is much higher than the previous year. Well, as for the decline in performance, it’s all about benefiting customers.”

What Yang Tianxia said was correct.

But in Chen Feng's opinion.

The market still depends on benefits.

Your efficiency is worse than before.

Market expectations will be worse than before.

Then, the stock price drop seems to have become inevitable.

Therefore, in the past six months, this stock has changed from a sharp decline to a negative decline.

From this point of view, market funds still have reservations about the company's future development.

"But the problem now is that the capital market is not optimistic"

But Yang Tianxia didn't see it that way.

"Mr. Chen, it's like this at the moment."

"But it won't always be like this"

"As long as the fundamentals of the company do not change too much, there will be no problems"

Hearing this, Chen Feng laughed and said, "But the current situation is that the company's fundamentals may already be changing."

"From the perspective of the fourth quarter, the company's gross profit has dropped a lot"

"This should be the key to capital abandoning him"

"If he could maintain the growth momentum of last year, then the stock price would not be able to drop by 60.00% in just half a year. This is an extremely terrifying thing."

"If there is no change, he can completely avoid reducing his gross profit"

"Just like Apple, it will always maintain a super high gross profit rate, so that capital should favor it"

"But now, very cotton thread, this company has already lowered its value"

"Doesn't this mean that the fundamentals of the company have changed?"

Hearing this, Yang Tianxia laughed and said:

"Mr. Chen, you are right"

"However, in my opinion, this is only temporary"

"Giving profits to customers, making business sustainable, this is development, mutual benefit can win-win"

"I think that the company's fundamentals have not changed much. This industry is still an asset-light and high-profit industry."

"Also, if there is a problem with product quality as you just said, the company's performance should be affected, but the reality is that it doesn't"

"The sales volume of the business authorized by this brand is actually better than before. May I ask Mr. Chen, why is this?"

Chen Feng asked: "Why do you think this is?"

Yang Tianxia immediately replied: "I have thought about this question."

"I think there must be a reason for this"

Chen Feng smiled and asked, "What's the reason?"

Yang Tianxia answered affirmatively: "First of all, what I can be sure of is that at present, the quality is definitely not the fatal reason. If it is the fatal reason, then it will definitely fall down like Sanlu back then, but this is not the case. "

"The rest, I think, has something to do with the current domestic per capita income."

Hearing this, Chen Feng suddenly became interested: "How to say?"