Luckin Coffee: The Light of the Nation
Weekly Market
Period: 20200330-20200403
| Market | Index | This Week (%) | 1 Week Ago (%) | 2 Weeks Ago (%) | 3 Weeks Ago (%) |
|---|---|---|---|---|---|
| Shanghai Composite | 2763.99 | -0.3 | 0.97 | -4.91 | -4.85 |
| Shenzhen Component | 10110.11 | 0 | -0.4 | -6.29 | -6.49 |
| ChiNext Index | 196.67 | 0.15 | -0.58 | -5.69 | -7.4 |
| Hang Seng Index | 23236.11 | -1.06 | 2.98 | -5.11 | -8.08 |
| HSCEI | 931.68 | 1.25 | 3.98 | -5.99 | -9.11 |
| Red Chip Index | 3607.54 | 2.06 | 3.76 | -6.63 | -11.21 |
| Dow Jones | 21052.53 | -2.7 | 12.84 | -17.3 | -10.36 |
| Nasdaq | 7373.08 | -1.72 | 9.05 | -12.64 | -8.17 |
| S&P 500 | 2488.65 | -2.08 | 10.26 | 14.98 | -8.79 |
The Shanghai Composite Index fell 0.3%, the Shenzhen Component Index rose 0%, and the ChiNext Index rose 0.15%. The Hang Seng Index fell 1.06%, while the HSCEI and Red Chip Index rose 1-2%. Does this represent that foreign capital has begun to believe that the mainland is starting to emerge from the epidemic? The three major US indices fell 2%.
Events
We briefly mentioned in “Erotica and Shakespeare” that old neighbors were inspecting Zhejiang. In February, Zhejiang’s local fiscal revenue was -1.3%, which was the best data among all provinces. Perhaps this is the background of this visit. In addition, there are many private enterprises and small and micro enterprises in Zhejiang, and one out of every 8 people is a boss. How the epidemic has impacted this should also be one of the reasons for the old neighbors’ visit.
Luckin Coffee stated that its COO Liu Jian and several employees under him forged sales worth about 2.2 billion yuan in 2019. @Ban Fo Xian Ren Zheng Zai Zhuang, who was the first to expose Luckin’s fraud, commented: The light of domestic products, the harvester of American leeks, the mudslide of Nasdaq, the nightmare that US stock investors cannot avoid, an emotionless coupon machine, the Khaleesi of the dishwater world, the uncrowned king of the 2019 World Money Burning Contest, the spokesperson for stock price magic, the lighter of US stock circuit breakers, the engine of Teacher Trump’s spaceship. Luckin Coffee: The Light of the Nation.
Positions
Continue to add positions at low prices in technology, consumption, and commercial theme funds. Take profit from Junhe Shares, buy Zhongjia Bochuang.
| Type | Code | Name | Action |
|---|---|---|---|
| Stock | SH603617 | Junhe Shares | Clear |
| Stock | SH000889 | Zhongjia Bochuang | Buy |
| Stock | HIMX | Himax Technologies | Hold |
| Fund | F210008 | Golden Eagle Strategy Allocation Mixed | Add |
| Fund | F519674 | Galaxy Innovation Mixed | Add |
| Fund | F005311 | Wanjia Economy New Kinetic Energy Mixed A | Add |
| Fund | F000363 | Guotai Juxin Value C | Add |
| Fund | F005911 | Guangfa Dual Engine Upgrade Mixed | Add |
| Fund | F161725 | China Merchants Liquor Graded | Add |
| Fund | F163415 | Xingquan Commercial | Add |
Thoughts
Reread Peter Thiel’s “Zero to One” this week. This small book published in 2015, as a lecture note for a Stanford University entrepreneurship course, does not have much hard work, but several points mentioned in it, such as PayPal, Tesla, digital currency, and how to avoid competitive industries, build monopoly enterprises, focus on marketing, and select employees and partners, are still worth thinking about.
Published at: Apr 3, 2020 · Modified at: Dec 4, 2025
