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在去年纷繁复杂的股改背景下,在众机构纷纷“众里寻他千百度”的迷茫之际,南方稳健成长基金缘何能领悟市场先机,抓住股改“G遇”呢? 简单“防御性投资”是个“美丽的错误”现在市场上有一些所谓的“防御性”股票的市盈率高达20-30倍,市场给这些个股如此高市盈率的理由是,这些个股未来一两年每年业绩有20％-30％的成长,但是成熟市场给同样高的市盈率则需要未来五年每年的平均成长性有20％-30％。
Against the backdrop of the complicated share reform last year, how can the steady growth fund of South China understand market opportunities and seize the “G-case” of stock reform when it is confused by numerous institutions that have “sought him in thousands of places?” Simple “defensive investment ”It’s a“ beautiful mistake. ”There are now some so-called“ defensive ”stocks on the market that have a PE of 20-30x. The reason why the market gives these stocks so high PE is that these stocks have 20% annual results in the next year or two - 30% growth, but mature markets for the same high price-earnings ratio requires an average annual growth of 20% -30% over the next five years.