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03到05年至今的三年,是价值投资理念在A股市场发端、勃兴直至居于主流地位的三年。三年里,价值投资的主题,经历了从五朵金花到煤电油运、从周期性股票到防御类股票的变换,集中度从“二八”到“一九”甚至陷入囚徒困境。特别是,这三年并未走出市场期待的牛市行情,股指多数时间徘徊在1000—1300点的低位区域。虽然主题飘移不定,集中持股广受质疑,市场持续低迷不振。但当我们依据“三年股价持续走高”, “三年股价迭创新高”, “三年内股价翻番”这三个角度,去搜寻A股千余只股票时,依然可见几十只长牛股的身影,揭开这些长牛股的谜底,依然清晰并无—例外地铭刻着价值成长的烙印。据今日投资公司所作的统计,三年内股价涨幅均达10%以上的共有15只股票(其中A股11只),股价实现翻倍的共计30只股票(其中A股23只),而三年连创历史新高的高达66只股票。这些长牛股有何共性?支撑这些长牛股背后的因素又是什么?哪些股票将继续牛途?请见9位分析师给出的评价。
The three years from 03 to 2005 are the three years since the concept of value investing started in the A-share market and boomed until the mainstream. In the past three years, the theme of value investing has gone through the transformation from cyclical stocks to coal, oil and electricity, from cyclical stocks to defensive stocks. The concentration has shifted from the “28” to the “January 19” and even into the prisoner’s dilemma. In particular, the three years have not out of the bull market market expectations, the stock most of the time hovering in the low area of 1000-1300 points. Although the subject is volatile and the concentration of shares is widely questioned, the market remains sluggish. However, when we searched for more than a thousand stocks of A-share, we still can see dozens of long-beast stocks based on the “three-year stock price continued to rise”, “three-year stock price Diego record highs”, “three times the stock price doubled” Figure, revealing the answer to these long bull stocks, is still not clear - exceptionally inscribed the mark of value growth. According to statistics made by investment companies today, there are a total of 15 stocks (11 of which are A shares) whose share price has risen more than 10% in three years, a total of 30 stocks (including 23 A shares) doubling their share prices, and three Even a record high of up to 66 stocks. What are the common features of these long-term stocks? What are the factors behind these long-term stocks and what stocks will continue to be trailed? See the comments of nine analysts.