Chapter 529 [Bubbles can be punctured or filled]

On weekends and weekends, Tianzhou Online continued to disclose news related to the asset restructuring of Yixing Video. The company did not suspend trading, and the disclosure of news was also regularly disclosed every week, and the latest progress in planning asset restructuring was announced.

In the next week, it will be the last week of September and the last five trading days before the festival. After that, there will be a long National Day holiday, with weekends and weekends superimposed. Big A will have to close the market for ten days before it will open.

In the last five trading days before the festival, the market index closed four times in five days and continued to hit a new low for the year.

However, during these five trading days, Tianzhou Online, as the most popular leader in the two cities in September, has gone beyond everyone's understanding, and was directly promoted to the leader of the two cities' popularity this week. On the way to an all-time high.

On Monday, the one-word daily limit was opened again, and the market was out of the seven-linked market. The stock price reached 37.50 yuan, with a market value of 7.012 billion yuan.

Opened higher +2.90% on Tuesday. After five straight board breaks, it also opened higher and dived today. The lowest price in the session fell to 35.94 yuan, a drop of -4.16%. About 37 yuan, including principal and interest of about 93 million yuan.

In this period of the market, he went with the flow of 50 million funds and won by about 85%, making a crazy profit of about 43 million yuan. His total net worth is also close to 500 million yuan, and he once again returned a big blood.

Drifting with the tide withdrew in the early trading, and when the market opened in the afternoon, Tianzhou Online turned red from underwater to rising, and accelerated to the board in the late trading. Drifting with the tide directly resorted to the uncommon "S-B" tactic, directly in the uptrend At 7 o'clock, he bought it back by relay ignition. This time he directly bought 100 million.

At around 14:49, the stock price of Tianzhou Online rushed to the price of 41.25 yuan, an increase of +10.00%, and the daily limit was sealed. This time, many people in the group bought it because it released a huge amount.

As of the close, Tianzhou Online's full-day trading volume reached 1.006 billion yuan, and its market value also soared to 7.713 billion yuan.

On Wednesday, Tianzhou Online Call Auction opened +7.51% higher, stepped back +5.97% within one minute of opening, and then went straight up to a record high of 45.38 yuan. The daily turnover can reach 391 million yuan.

At that time, it had already stepped out of the second period of the main Shenglang nine-linked market, and the total market value rose to 8.486 billion yuan.

On Thursday, September 29th, Tianzhou Online opened at a higher daily limit in early trading and went out of the ten-day trading board. The stock price rushed to a new height of 49.92 yuan, but it exploded at 11:00, and the stock price turned green and fell -3.26%. During the diving period, he followed the trend and ran above the red plate, and made a profit of more than 12 million again.

Shareholders thought that Tianzhou Online was going to die, but it turned weak again in the afternoon, and finally closed at a high level. However, this was a false negative line. The stock closed up +1.10%, and the stock price closed at 45.88 yuan.

Friday, September 30, the last trading day of this week and the last trading day before the National Day arrived as scheduled.

The broader market continued to fall, and Tianzhou Online, the popular leader in the two cities, has become the most recognizable high-standard stock in the market. After closing at a high false negative line on Thursday, this stock opened slightly lower today and stepped on it for two minutes before going out of an upward reversal. Package quotes.

At about 10:22 in the morning, the stock price rose to a record high of 50.47 yuan, up +10.00% daily limit, officially broke through the 50 yuan price, and the market value also soared to 94.37 yuan, and the market value of tens of billions is also close at hand.

This turn-around board took a shrinking transaction scale of 761 million.

It is worth mentioning that he followed the trend and continued to hold a high standard of group sentiment. He intervened in Tianzhou Online for the third time today, with 50 million funds to play the board relay. Hundreds of millions of hard fuck.

And the stockholders were all stunned looking at the trend of Tianzhou Online, and they couldn't understand why Yixing Video could be worth more than 9 billion yuan?

The second stage of the main Shenglang skyrocketed by +188.40%, and the rise from the historically low price of 8.33 yuan has increased by five times, and the specific figure has reached a cumulative increase of +505.88%.

This increase has exceeded the increase of ATL Technology, a new stock on the ChiNext Board, this year, and is second only to the increase of Macrolink.

Macrolink’s soaring price this year is also due to asset reorganization. It was previously called *ST Shengfang. Since March 2006, it was suspended for more than five years and returned to the A-share market. After the restructuring, it was renamed Macrolink. Return on the 8th.

On the day of the resumption of trading, Macrolink did not set a price limit. The stock price soared +799% to close that day, and the intraday highest price soared to 12.15 yuan, an increase of +938%, which can be called a "blowout" skyrocketing.

This also makes Macrolink the stock with the biggest increase this year, but the trend of this ticket is also the peak of the resumption of trading. At present, the lowest price fell to 5.83 yuan on the last trading day before the festival, which is a cumulative drop of -52 compared with the highest price on the resumption day. %, already cut in half.

Tianzhou Online skyrocketed five times due to asset restructuring, but many investors couldn't understand it. If it was Yixing Media Group's backdoor, this increase must not be enough.

But the problem is that the backdoor is a subsidiary of Yixing Media Group, and it is Yixing Video, an online streaming video website.

Although Judging from the growth rate of users, the development of Yixing Video is still very good, but the cost of this increase is at a user cost far exceeding that of its peers. The cost required by Yixing Video to acquire a user is almost As much as three times that of other peers, which also led to the company's huge debt.

Investors did not think that Yixing Video could not get money. After all, the father behind it was Qunxing Capital, which was not short of money, and it was precisely because of this background that Yixing Video came from behind. Cool Tudou's peers are far behind, and it is second only to Kuaibo.

Qunxing Capital, the father of the funder, is not worried about having no money to burn, but this money is not free money from the father of the funder, it is reflected on the balance sheet of Yixing Video, and it will be repaid in the future.

It's good to be able to get up, in case you can't get up, this risk can't be the rhythm of explosion.

Now that the market value has been pushed to the scale of tens of billions, this valuation bubble is already unimaginably large.

The valuation of a unicorn is US$1 billion, while the current market value of Tianzhou Online is about US$1.5 billion when converted into US dollars. At present, none of the domestic online video sites has a valuation level that reaches the unicorn level.

In fact, not to mention the majority of investors in the secondary market, even Zhongtai Capital and Pengrui Capital, the "market maker" cooperative institutions, feel that it is a bit too much.

But this does not prevent several major cooperative institutions from raising the stock price. After all, if Qunxing Capital is behind it, it will be the top, and the business will make money steadily, regardless of whether it is the price-to-earnings ratio or the market-to-dream ratio.

And Fang Hong is not worried about Yixing Video at all. The peak market value of Netflix once reached a height of 250 billion U.S. dollars, and Youtub also gave a valuation height of 300 billion U.S. dollars. The combined market value of these two companies exceeds 500 billion U.S. dollars Dollar.

Yixing Video is rushing to become Netflix and Youtub in the mainland. Considering that these two companies are global, Yixing Video’s presence in the Greater China market itself is comparable to a world-class market size.

Conservatively, it is not an exaggeration to calculate the volume of 300 billion US dollars. According to the current exchange rate, it is close to 2 trillion yuan in volume.

Fang Hong is not a person who cares about short-term interests, and the development of Yixing Video in the early and mid-term has a steady stream of financial support from Qunxing Capital.

Valuation bubbles are not all bad things. Bubbles can be punctured to make a mess, or they can be filled to open up a wider space for development. As long as Yixing Video is up, the current bubble can be completely wiped out. fill.

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