mentioned medical beauty yesterday. A friend asked about opportunities in the tax-free sector. Let’s make a brief comparison. The similarities between
and
0 are: they are industries with very low penetration rate of and in the consumer sector, and they are highly potential for growth.represents the companies , Amic, , and China Duty Free, all with growth rates above 30%. Against the background of the inflection point of domestic population growth, the growth rate of most consumer industries has begun to slow down. Such high growth rates at the sector level are very rare and must be the focus of market attention. Differences between
: 1. Performance. The performance of the medical beauty industry has been slightly affected by the epidemic, but the tax exemption has been seriously affected.
Take Aimeike as an example. High-frequency medical beauty projects like HiTi have been slightly affected by the epidemic, while Rubai Angel has basically grown and is expected to contribute 300 million in revenue this year.
In comparison, China Duty Free Corporation's performance has been greatly affected, and there is uncertainty to what extent its performance can recover after the epidemic.
2, competitive landscape. First of all, there is competition from peers. In this area, tax exemption is more stressful than medical beauty. Domestic companies such as Zhudu Duty Free, Shenzhen Duty Free, Wangfujing, etc. have all obtained duty free licenses, and more city tax free licenses will be issued in the future, which will also change the existing tax free competition pattern at airports and outlying islands. After
, entry and exit restrictions will be further relaxed, and the airport's duty-free business will also recover. In this business, if the airport has traffic, it will have a stronger voice. Before the epidemic, Shanghai Airport 's agreement with China Visa Exemption Group guaranteed a minimum income. Later, due to the epidemic, the income was changed to a cap. With further liberalization, the airport's voice over duty-free enterprises will be restored.
3, stock prices and aspects. During the epidemic, medical aesthetics and duty-free were almost all stocks that had relatively strong stock prices in the consumer sector. In the third quarter, the impact of the epidemic worsened, but the stock prices did not hit new lows. Medical aesthetics has performance to support it, while tax-free is still supported by expectations.
Therefore, when I made the layout, I chose medical beauty. It was not that I was not optimistic about the tax exemption, but I thought it would be better based on the certainty and odds.
market news:
1, Rongbai Technology releases 2022 performance forecast. The net profit attributable to the parent company of 22 was 1.32-1.4 billion yuan, a year-on-year increase of 444.89% to 53.67%; the net profit after deducting non-attributed profits to the parent company was 1.28-1.36 billion yuan, a year-on-year increase of 58.37% to 68.27%. Rongbai Technology’s performance in the third quarter was explosive, and recovered somewhat compared with in the fourth quarter.
Rongbai Technology's performance this year is +50%, while the stock price is -50%. This is why the stock price depends on the second-order derivative of performance, that is, it is not the performance itself or the performance growth rate, but the growth rate of performance growth. Looking forward to the next two years, lithium battery materials production capacity will expand, and competition will intensify. This year should be the last year of high performance growth for lithium battery materials, and valuations have already been reflected in advance, and most of them have been cut in half or even at the knee.
2, a new batch of game version numbers are released. The number of domestic game version numbers issued this time continues to increase month-on-month, reaching 84. In April, June, July, 8, September, November and December this year, 45/60/67/69/73/70/84 version numbers were issued respectively, and imported version numbers have restarted after a year and a half.
The competitive landscape of the game industry itself is relatively poor, but we can see from this the attitude of supervision, the normalization of game version number releases, and the high-profile recognition of the value of the game industry by the official media. It can be predicted that next year all policies will be carried out around economic development, and other industries will also pick up in terms of policies.
I am a "zero-based investment", with logic, opinions, and solid offers. I look forward to your attention.
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real offer (for reference only and does not constitute investment advice)
will make a profit of 440,000 from the end of 2018 to the end of 2021, with a compound annualized rate of 35%.
has no operation today, earning 2k, position 125%, earning 420,000 in 22 years.
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