A bold list: five companies worth buying A shares.
Last weekend, Ricky, a snowball user, launched a topic reward "What are the top five A-share companies?" He cited two high-quality companies as examples: first, Kweichow Moutai, a high-end liquor monopoly, has a brand barrier high enough to produce social effects, a high moat, strong pricing power and super profitability, and is still growing well in a big consumer industry; Second, China Merchants Bank, the best retail bank, has strong risk control ability and excellent comprehensive user experience such as online banking and outlet services.
Once this post was posted, it triggered discussions among thousands of golfers. Let's first look at the high-quality companies selected by golfers from four angles:
First, analyze the second level from Maslow's theoretical level to select
In Maslow's view, there are two different needs in the human value system, one is the instinct or impulse that gradually weakens along the rising direction of biological pedigree, which is called low-level needs and physiological needs. One kind is the potential or need that gradually appears with the evolution of organisms, which is called advanced need.
Maslow's theory divides needs into five categories: physiological needs, safety needs, social needs, respect needs and self-realization needs, which are from lower level to higher level. Security needs. This is the need of human beings to protect their own safety, get rid of the threat of career and property loss, avoid the invasion of occupational diseases, and contact with harsh supervision.
Mr Miao, a snowball user, draws the following conclusions:
(1) Health protection, the innovation of Hengrui Pharma and Hengrui, and the aging in the future.
(2) Family safety, choose safety, the coverage rate of commercial insurance between China and developed countries (the United States, etc.) is far from the same. In the past, some employees' unethical behavior, insufficient level, and ignorance of products have made this industry deceived. However, with the change of concept and the new generation (9, , etc.) becoming the main economic force, the view that this kind of insurance is deceptive will be broken.
(3) Hikvision, as an alternative, Hikvision's camera has become a camera used in many social security fields (public security, etc.), which is related to social security. Of course, it is not excluded that there will be better competitors to replace it. Secondly, I saw that many security equipment in the public sector used Haikang products. With the consideration of social security and other factors and the upgrading of equipment, Haikang still has great potential.
(4) Tencent has a good ecological chain, and the concept of * * * grows * * * (small program) not only provides traffic but also obtains traffic, which enriches Tencent's family.
(5) Kweichow Moutai, the finale, China's wine culture is deeply rooted in China people's blood. After experiencing the original three public issues, Maotai still thrives, which shows that folk consumption is king. After the plasticizer incident, Maotai still spiraled forward in waves. First of all, we agree with liquor, and second, we agree with Maotai. No matter whether you have drunk or not, you will know Maotai, just like when you mention red wine, whether you know it or not, you will give me a bottle of 82 Lafite.
2. Screen snowball users from the perspective of the return on investment that can be realized from the investor's point of view
Get the following conclusion: A truly excellent company may not bring the highest return at a certain stage, but it should be a company that can make money for a long time in the future, regardless of the investors who buy at any stage and price, and will not be trapped, that is, the stocks that will continue to hit new highs in the future will be able to liberate all investors. According to the results of the examination, the five best companies in my mind are:
(1) Kweichow Moutai: the representative of luxury goods in China, a sustainable money-making machine. Everyone has discussed too much, so I will talk less nonsense here.
(2) China Ping An: China's version of Berkshire, which is no exaggeration. Ping An's management efficiency and capital utilization efficiency are commendable. With the increasing economic aggregate of China, the field of financial penetration of Ping An Da must be wider and deeper! A platform company with imperial thinking: one Tencent, one Ping An.
(3) Wuliangye: the leader of high-end liquor in China. There is no way, the liquor industry is too profitable, the track is good, there are many companies that can be carried inside, and high-end liquor is the best track, which can accommodate less competent management. Sichuan liquor is the base of high-end liquor, Luzhou-flavor liquor is definitely the common liquor on the wine table, and Wuliangye is the absolute leader in the first place of high-end liquor except Kweichow Moutai.
(4) Haitian Weiye: the absolute leader of condiment industry in China, with a long brand culture+efficient organization and management+capillary channel penetration = beautiful and stable operating data. The investment market has the characteristics of China: liquor+condiment (soy sauce)+traditional Chinese medicine, which is an industry that will not be changed by the world. The first two industries, one with social attributes and the other with daily necessities, are both cash flow industries.
(5) China Merchants Bank: a leader among domestic banks. No matter from the vertical history or the horizontal country comparison, banks are the mother of all trades. "China Merchants Bank, change with you" represents the business philosophy of China Merchants Bank as a joint-stock bank, which has accumulated the best user resources in the industry for many years, and the amount of credit card issuance and consumption is also far ahead in the industry. If one day China Merchants Bank can sink its outlets to all county-level cities, it will have a big impact on the business of other banks, including the four major banks.
Third, screen the snowball user Lao Lin from the perspective of the company's professional and technical achievements.
The best meaning is that the technology is at the top of the industry or the investors are not stingy, which has nothing to do with valuation.
(1) China architecture: ordinary people think that building a house is very simple, and building a skyscraper is very simple, and anyone can do it? Large-scale buildings are under construction, and the world's first construction technology.
(2) CRRC China: The invention of high-speed rail is world-famous, comparable to that of large aircraft, and its safety is higher than that of aircraft.
(3) BYD: the world's first new energy technology, and the second mobile phone OEM. If he dares to OEM cars, it will definitely be the world's first OEM. The disadvantages are that the brand construction bank is short-board, the solid-state battery has landed, the electric conquers the automobile market, and the electric buses, dump trucks, taxis, etc. have the longest operating mileage, the best safety and no Jerry-building.
(4) China Petrochemical Co., Ltd.: In recent years, all profits have been distributed in dividends, which is simply a model of monopolizing state-owned enterprises.
(5) China Satellite: The satellite will be launched in the 6g era, and Beidou navigation will help you to counter the Google blockade.
Fourth, screen the snowball users from the perspective of whether the company's corporate culture is excellent or not
7: The excellent company I recognize is an honest company with ideals, responsibility, down-to-earth work and wealth creation. Based on the above criteria, the following screening does not consider the price factor:
(1) Gree Electric: a model of excellent cost control in manufacturing industry, synonymous with stable and reliable quality, strong channel construction and down-to-earth and dedicated style.
(2) Haitian Weiye: A shares are most like Coca-Cola, with first-class brand niche, stable quality and generous dividends.
(3) Huahai Pharmaceutical: long-term hard work, excellent cost control, unremitting innovation, courage to take mistakes, tenacious style, real warrior, flat-headed brother on the grassland.
(4) CONCH: overwhelming cost advantage, unshakable channel advantage, management with strategic vision, undisputed king and king of cyclical stocks.
(5) Fuyao Glass: the best heavy asset manufacturing company, with excellent cost control, team building, quality control and channel construction. Rare excellent manager, pillar of the country, model of our generation.
when doing the above inventory, snowball found that 8% of users' answers were concentrated in the following head companies, and the conclusions were surprisingly consistent.
Food and beverage: Kweichow Moutai, Wuliangye, Haitian Weiye, Yili Group
Financial industry: China Merchants Bank, China Ping An
Household appliances industry: Gree Electric, Midea Group
Pharmaceutical industry: Hengrui Pharma
Traditional manufacturing: Fuyao glass, CONCH
Technology industry: Hikvision
Why do everyone prefer white horse?
in the past few years, the performance of many white horse stocks has maintained rapid growth, and its trend is usually more stable than that of the broader market. Except for two years of irrational market growth in 214 and 215, the rise of white horse stocks in other years was driven by the growth of net profit. In the process of A-shares falling from 5178 to 244, the only bright spot is the white horse stock market. From the beginning of 217 to the first half of 218, large-cap blue-chip stocks and white-horse stocks staged a structural bull market, while most other stocks did not rise or even hit a record low.
Since the beginning of this year, many blue-chip and white-horse stocks have repeatedly hit record highs, which has refocused the investment vision of many investors on white-horse stocks.
So if the outstanding A-share companies are so concentrated, investors can hold these recognized outstanding companies as a group for a long time, so theoretically, can they win the excess returns? Why didn't you do that? One of the most core problems is that white horse stocks are hindsight, and you can find that many large enterprises that have risen are excellent. This also exposes the investment ideas and strategic problems reflected by many investors' investment mentality towards excellent white horse stocks.
most users are evasive about this list of "the best companies to buy A shares". Let's see why people don't buy the recognized excellent companies selected through discussion.
Viewpoint 1: staple goods, a well-researched white horse, has less potential than a dark horse.
Many users said that the fluctuation of white horse stocks is very low, and it is impossible to achieve a high rate of return, which goes against the original intention of making quick money in the stock market. Besides, we all know that things generally don't make money, and we still have to find potential dark horses to generate greater excess returns.
Snowball users' Star Stock Classic: In the short term, if the white horse rises well, it often means that the market is ok. When the market is good, the theme stocks have better targets, so the risk preference for short-term is naturally high, so everyone will choose more attractive theme stocks. If the market is good, it is normal to despise white horse stocks. If the market is not good, it will also step on the pit to find white horse stocks to hedge. ?
Deep in the Seventy-Two Peaks of Snowball Users: We came to the stock market to make a fortune, not to give gifts to Baima shareholders. Just a few hundred thousand principal, it is better to bet on a dark horse and double it if you buy a high white horse sideways for a few years.
Snowball user Shen Qian: I would like to add that for most gamblers, the company just holds on to buying a few good shares, and reinvests with dividends twice a year at most. How boring it is! It's still interesting to throw low and suck high all day, and it's interesting to copy the top and escape the bottom. By the way, you can learn some advanced knowledge such as industrial hemp and quantum communication. What's the pleasure of buying shares without speculating?
Snowball users fly away: If you want to make money quickly, how slow it is to buy white horse stocks? When will you be financially free if you are 2% a year? If you buy a dark horse, it may double or even triple or fivefold in a year! How can you show your level by buying white horse stocks? In retrospect, there is no classic World War I, and there is no capital to brag.
mogwai, whose snowball users have been liberated: If a good company is expensive, and the market consistency expectation is formed, the return on investment will not be high. It doesn't mean much.
point 2: the long-term certainty of white horse shares, how long is it?
one of the reasons why white horse stocks are favored is their long-term certainty, but how long is it? Will the white horse of today be the white horse of the future?
Snowball users' Star Stock Classics: White horse stocks have certain certainty for a long time, but it is difficult to judge and grasp how long it is. If you don't buy a good white horse stock, it is really slow and sometimes it will torture people, especially when the trend is down, the rebound will always live in hope. For most retail investors, right-hand trading is easier to understand and follow the trend. For large institutions, left-hand trading is more cost-effective, and the timing of understanding different interventions is different.
Snowball users go bankrupt every day: the society is constantly changing, and the stock price depends on the development of business. The economic model of the past 15 years is completely different from that of the 15 years after the reform and opening up, and the trade environment is also different. I'm messing with you. Do you know what the stock market white horse was before 28? Do you know what Qiu Guolu, who is now regarded as a value expert, bought in 211? Five golden flowers: coal, steel, insurance, real estate, bank.
snowball user Tanniya Island: When I first came to Snowball, the most popular companies were LeTV, All-pass Education, Storm Video, etc. At that time, many investors suffocated for their dreams. Now the tables have turned, and the valuation and performance of white horse stocks in Kweichow Moutai and Gree Electric have risen steadily. In the foreseeable future, the excess returns of blue-chip white horse stocks will be gradually filled. The beautiful era of buying white horse stocks with your eyes closed will have excess returns. Cherish this era when you can have excess returns by buying white horse stocks with your eyes closed.
point 3: white horse is really expensive, and it's really expensive not to be a receiver
. When the white horse stock is confirmed as a white horse stock, the general valuation is too high, and there is not much room for imagination. At this moment, it is easy to take over and go to the point of no return.
Snowball user Stevevai1983: In the bear market, the valuation of White Horse was still very high. Everyone else has halved, and you're still hitting a new high? It's too expensive. As a result, the bull market does not buy, and the bear market does not buy.
Snowball users' Star Stock Classic: There is another reason why retail investors are afraid to buy white horses, that is, they are too expensive and really expensive. For example, not many people can afford Maotai, and not many people can afford it. There seems to be little room for imagination in expensive stocks, which is the reason why retail investors are afraid to buy white horses.
Snowball user Crane: The so-called successful white horse, like a bubble, can only be summed up afterwards. Just because the present is a white horse does not mean that the future will continue to be a white horse. Maotai Wuliangye avoided it in 213, feeling that liquor had no good life. In 213, China Merchants was rejected and did not make progress, but people's livelihood was embarrassed to make money. When the white horse is confirmed, the consensus has been reflected in the valuation, and there are other cheap tickets for comparison, so how can we get it? If you are cruel, you may have an end to your growth.
In the A-share market, any stock that rises too much should be treated with caution, because investors will pay for the previous stock price surge if they are not careful. For white horse stocks and large-cap blue-chip stocks, their value has not been discovered before, but now there is inevitably a bubble in the stock price. A good company does not mean a good stock, and a good stock does not mean a good price. Only when three events are linked together will your investment be meaningful.