For only 5 years, Liu Gaochang completed the leap of the outstanding chief analyst from a beginner.
As a “90-after”, the current Zhizheng securities computer industry chief Liu is so fast, can you grow so quickly?
The answer he gives is: “Honesty to yourself, honesty for customers, and maintain the industry and research work of our own research, then maintain a curiosity, constantly from classic books, investment from various types Master, from the market itself, you can quickly form the framework and system of research, or you can make a friendly friend, which is a rapid growth of analysts. I am honored to grow with younger computer industry. ”
The computer industry is in a good companys spring
Although the computer sector has a certain amount of ambition since March, Liu Chang believes that it is still able to say that the computer industry has an overall investment. Chance. However, from the perspective of valuation, industrial trends, a good company will have more and more high princes, and the computer industry is in the “good companys spring”.
In many subsets fields in the computer industry, from the perspective of industrial boom, Liu Ganchang is currently optimistic about three directions: upstream, information technology innovation and 5G application of cloud computing.
Liu Gaoying analysis, upstream of cloud computing is a field of air acceleration in particular suitable for institutional configuration. Because of the upstream of cloud computing, the downstream industry in which it faces is not just cloud computing, as well as directions such as 5G, AI. The development of large science and technology cycles is very conducive to cloud computing upstream market demand. Why is information technology innovation? Liu Gaoyi said: “The development of many basic software and hardware in China has reached the extent of domestic alternatives. At the same time, all aspects are willing to promote domestic alternatives. Compared with last year, this years information technology innovation has entered the truly landing stage. At this time, in combination with the valuation, combine the industrial trend, it should be able to pick a very good investment opportunity. “
For 5G applications, Liu Gao Chang believes that this year, some of the 5G mid-5G medium cycle Some applications in the equipment, and 5G downstream,Such as ultra HD, VR, cloud game, etc., will begin to see the development opportunity.
Liu Gaoyan analyzed: “The domestic demand + investment in the computer industry is very strong. Evaluation, the impact of external demand to the industry is actually as big as everyone imagined. In the first quarter, affect computer industry company performance The reason, mainly the project implementation is blocked, rather than domestic demand and investment logic have changed. Further, in the context of consumption and export affected by the epidemic, Chinas internal demand and investment should be enhanced, plus The acceleration of the recycling complex, the medium-term logic of the computer industry is actually very good. “
” Real growth “
Liu Gaoyi said:” Technology will always predict the future, but No one can fully predict the future. When I do research, I will always maintain half-doubtful attitude towards any science and technology cycle. “Based on this, he believes that the computer industry is a very strong trading feature industry. . But when he is doing research, thinking is not a transaction, but the companys true growth. Because, researchers are often big funds, while big funds are difficult to earn money, and finally, it must be the money of the companys growth. When he studied the company, he would have a little longevity. After reading a year or two years, the company has no security marginal.
With regard to how to “mine”, Liu Changshan shared from the industry risks and the risk of stocks. For industry risk identification, you should first be alert to the overall market risk. When market risk appears, the computer sector will adjust more; second, alert policy risk, including policy implementation, or whether there is a change; third, Science and technology cycle is certified to the risk.
For the risk of stocks, including partially larger enterprise strategies are expected to be too high, but the results are lower than expected; the companys performance phase is unable to honor the risk; some companies may have long-term business Must risk, such as too monopoly, or too much policy.
When Liu Gaoyi discovered that the key investment logic of its own recommended company has changed, or the stock of the customers position has a certain risk, he will find the opportunity to prompt: “Tip risk, may face a certain short term Pressure, but the medium term will be understood, and it will be trust in a long time. “
In the end, Liu Gao Chang said: “Although the time I work is not long enough, I will have more trust. I will persist in the style of study, and constantly improve my logic system. To win more, more sustainable, longer trust. “