Today, there are hundreds of falling limits, and a large number of them suddenly appear from a stable state.
Pien Tze Huang, Tong Ren Tang, Kweichow Moutai, artificial intelligence, unmanned driving, robots, and innovative drugs are all large.
Here I want to talk about Pien Tze Huang in particular.
Pien Tze Huang announced its 2023 results last night, and it fell after the opening today.
Because compared with other companies with negative profit growth, Pien Tze Huang is growing positively, and in all fairness, it is not bad.
The company will achieve operating income of 100 from January to December 20233.5 billion yuan, a year-on-year increase of 1542%；Net profit attributable to shareholders of listed companies278.4 billion yuan, a year-on-year increase of 1259%！
However, this performance growth should not be in line with market expectations, resulting in Pien Tze Huang almost falling today.
Performance is important, expectations are also important, and the most important thing is the gap between performance and expectations!
The net profit growth rate is less than 15%, and Pien Tze Huang has a price-earnings ratio of nearly 50 times.
This is also the reason why many people think that Pien Tze Huang is **high.
* High, the market naturally does not agree.
* It seems normal.
But maybe this drop limit was also something that the management didn't expect.
Probably in order to save the situation, Pien Tze Huang announced the results for the first quarter of 2024 in the afternoon, estimating a growth of 25%.
However, today is only the end of January, and there are still two months to go before the end of the first quarter.
Maybe this is the domineering of Pien Tze Huang.
The recent ** trend is still killing valuations, how hot those track stocks were back then, and how cold they are this year.
It's really embarrassing to think about how many new accounts are opened every day when it's hot.
A-shares are a typical ** market, most participants not only do not have basic financial investment knowledge, but also do not have the ability to study industries and enterprises, and the result of rushing to the top is to be harvested with blood.
Let the market recover only when it falls through, and the funds will enter the market.
In the short term, the conditions are not yet available, and although people are afraid, they are still a little far from despair.
In the past two days, the bottom has also accelerated, mainly due to the liquidation of leveraged positions.
When everyone is completely desperate, it will be possible to basically get to the end.