Why did Big Brother Chen Fashu spend 654.38+0 billion to copy China International Travel Service?

People think that Chen Fashu is like a legend, usually because of his unique vision. According to statistics, up to now, he has indirectly and directly owned shares in seven A-share companies. In terms of investment, China International Travel Service is a new investment. China International Travel Service can be regarded as a leading enterprise in China, but its loss in the first quarter exceeded 1 100 million yuan. In this case, I didn't expect Chen Fashu to go against the trend with a wave of his hand. This situation is somewhat intriguing.

First, the market position is still there.

Chen Fashu is a shrewd investor. He is most famous for his investment in Zijin Mining, and then he invested in Yunnan Baiyao and Tsingtao Brewery. These two investments alone made him earn more than 2 billion. However, in the 20 19 Forbes list of China's richest people, his assets have shrunk somewhat, but in recent years, he is an old tree with the hope of new shoots in various investment bureaus. In the report of China International Travel Service 20 19, it can be clearly seen that the development of tourism and duty-free industry in China has changed, and in the future development strategy, tourism retail business will still be the focus.

Although China International Travel Service has been affected by some circumstances, the company's profits have been greatly reduced, even the normal operation of some companies has been affected, and some companies have closed down, but the company has taken active measures and done a good job. Because China International Travel Service has always held a tax-free license, it still has certain advantages and has always been favored by the market.

Second, go against the trend.

In 2000, Chen Fashu invested 33.59 million yuan in Zijin Mining. You know, the appraisal industry at that time was less than 65.438+0.5 billion yuan. After 2003, it began to hang high all the way, and it almost doubled several hundred times in 654.38+00 years and became tens of billions. According to the data, the market value of the stock he held at that time was 70 1 10,000 yuan. So he has a good eye for investment. In the first quarter of this year, he became the seventh largest shareholder of China International Travel Service. China International Travel Service suffered a loss after listing in the first quarter of this year, and then Chen Fashu became a shareholder again.

Third, the performance in the first quarter was not satisfactory.

In fact, from the data point of view, the share price of China International Travel Service fluctuated in the first quarter, and from the performance point of view, the performance in the first quarter was not very good. Moreover, the company's 1 first quarterly operating income reached 7.636 billion yuan, down more than 44% from the previous year, and its net profit loss was nearly/kloc-0.20 billion, also down 65,438. Even so, Chen Fashu has always been concerned about the tourism industry, so he will choose to buy stocks at the bottom. Although the performance in the first quarter is not good, there is a market position.