Z世代投资学堂

看漫画，学投资！《大赢家》01 — 新世界

《大赢家》改编自日本百万畅销漫画《投资者Z》，由中国著名漫画家转轮手枪主笔，讲述了贫困大学生钱小千通过正确投资改变命运的故事。一次意外，钱小千误闯了大学的秘密投资社团，并被说服（强迫）加入。一步一步，他学习如何投资，并在过程中和社团成员建立深厚的友谊。但是，危险正在逼近，市场...

初始报告：中国铁建CRCC (601186.SH) ，22%的5年潜力增长（VIP GC, 辜武豪）

公司简介
中国铁建股份有限公司主要业务为工程承包、规划设计咨询、投资运营、房地产开发、工业制造、物资物流、绿色环保、产业金融及其他新兴产业。公司具有科研、规划、勘察、设计、施工、监理、维护、运营和投融资等完善的行业产业链,具备为业主提供一站式综合服务的能力。集团是中国乃至全...

Initial Report: KE Holdings Inc. (NYSE:BEKE) , 73% 5-yr Potential Upside (VIP GC,曾庆麟)

Executive summary
Industry: Despite fluctuations in real estate policies, the overall market size of the three major residential businesses (stock, new housing transactions, and housing leasing) is still steadily growing, and the penetration rate of real estate brokerage ...

初始报告：国鸿氢能（9663.HK），35%的5年潜力增长（VIP GC, 陈琳）

Company Overview
公司基本情况
氢燃料电池电堆领军企业，主要布局电堆与系统，2023年11月港股上市。2023年上半年，亿华通与国鸿氢能市占率差异不大，为行业Top2
公司电堆技术早年来自于巴拉德的合作学习，针对9SSL 电堆，2016 年两家企业签订技术授权和转让条约，然而电堆核心部件 ME...

初始报告：云南白药（000538），43%的5年潜力增长（VIP GC， 王颖）

一、公司简介
云南白药创制于1902年，集品牌、产品和公司名称于一身，业内公认是中华老字号最具有创新力的代表。云南白药连续13年入榜凯度BrandZ最具价值中国品牌100强榜单发布,2023年品牌价值排名医药行业第一名(总第68位,品牌价值26.65亿美元)。
公司管理层
公司组织架构完善，管理...

初始报告：唯品会（VIPS.N）30%5年潜力的增长（VIP GC，雷双）

公司介绍
唯品会，是我国特卖电商龙头，深耕“精选品牌+深度折扣+限时抢购”的正品特卖模式。唯品会成立于 2008 年，于 2012 年在纽交所上市。唯品会采用商品错季采购、厂家垂直发货等方式与知名品牌代理商及厂家合作，免除中间商费用，在货源压缩成本确保名牌折扣。与传统电子商务基于主动搜...

Initial Report: Pop Mart (HKSE)42.7% 1-yr Potential Upside (EIP, Calista CHEW)

Executive Summary
Pop Mart International Group Limited is a company based in China that specializes in the design, development, and distribution of trendy and innovative toys, collectibles and lifestyle products. They are well-known for their blind box or blind bag produc...

初始报告：海澜之家（600398），54.56%的5年潜力增长（VIP GC，白永玲 Kayla)

海澜之家HLA GROUP CORP., LTD.
核心结论：行业首个入选“品牌强国工程”的服装品牌，正在实现从“男人的衣柜”走向“国民品牌”。根据财务报表分析可得，公司资本运营能力比较强劲，资本结构和财务体质相对健康，其通过股权融资降低了企业的债务杠杆率，是一家低估值、高股息的优质的公司。其...

Initial Report: McKesson Corporation (MCK), -11% 3-yr Potential Upside (EIP, Amelia LEE)

Executive Summary
Company Overview
McKesson Corporation is a pharmaceutical wholesaler and distributor headquartered in the United States. Its main operations include sourcing and distributing branded, generic, and specialty pharmaceutical products to pharmacies, hosp...

初始报告：泸州老窖（000568.SZ），19%的5年潜力增长（VIP GC, 马明淳）

Executive Summary
拥有强大的品牌力作为基础是核心，低度化趋势+强大的低度白酒（38度国窖1573）品牌优势有望成为公司未来的增长引擎，同时低端酒的消费升级有望为公司的收入贡献增量
Management & Stakeholder
泸州老窖总部位于四川泸州，由泸州市国资委直接持股0.08%，最终实现...

Initial Report(part2): TotalEnergies (TTE) , 38% 5-yr Potential Upside (VIP SEA, Claire CONTRI )

Valuation
6.1 Financial Summary
Figure 9
In 2022, TotalEnergies’ adjusted net income was $36.2 billion. Among its main competitors, TotalEnergies surpassed BP ($2.3 billion), Eni ($13.8 billion), Equinor ($33.5 billion), and Chevron ($35.5 billion). Its return o...

Initial Report(part1): TotalEnergies (TTE) , 38% 5-yr Potential Upside (VIP SEA, Claire CONTRI )

Executive Summary
The following investment memo outlines an opportunity in TotalEnergies, a leading company focusing on energy, renewables, oil, and gas. This executive summary aims to give an overview of the investment opportunity and present the key factors that make it...

Initial Report: Beyond Meat (NASDAQ: BYND), -30% 5-yr Potential Upside (EIP, Pyae Phyo SHUN)

Key Information
Executive Summary :
Beyond Meat, founded in 2009, pioneers GMO-free, cholesterol-free plant-based meats, notably with the Beyond Burger. Despite consistent net losses, the company’s revenue largely stems from US and international retail partnerships a...

Initial Report: XPeng (NYSE) , 42% 5-yr Potential Upside (EIP, Weilong TANG)

Electrification is Upon Us, XPeng is leading the pack
Price Movements Over the past year
Executive Summary
XPeng Motors is a Chinese electric vehicle (EV) manufacturer that was founded in 2014. The company is headquartered in Guangzhou, China. XPeng specializes in...

Initial Report: Performance Food Group (NYSE:PFGC), 51% 5-yr Potential Upside (VIP SEA, Julian LEE)

Business Overview
Company Overview
Performance Food Group markets and distributes food and food-related goods through 3 key reportable segments namely: Foodservice , Vistar and Convenience. Additional elements that are considered minor and account for less than 0.5% o...

Initial Report(part2): Celsius Holdings(NASDAQ: CELH) -41% 1-yr Potential Upside(EIP, Jon lon YIONG)

Celsius also faces challenges in both acquiring new customers and retaining existing one as it shifts towards a “healthy” drink image. In a move to be differentiated from the other major players, Celsius is attempting to brand itself as a healthy, citing lifestyle and clean...

Initial Report(part1): Celsius Holdings(NASDAQ: CELH) -41% 1-yr Potential Upside(EIP, Jon lon YIONG)

Executive summary
1) Limited upside potential given the saturation within the United States market
2) Lack of purpose beyond functionality
3) International expansion poised with headwinds
Company overview
Celsius Holdings (NASDAQ: CELH) is a functional ene...

Initial Report: Spotify Technologies (SPOT), 196% 5-yr Potential Upside (VIP SEA, Javier CHAN)

Spotify: A Compelling Case for Profitability
Spotify is the largest pure-play audio streaming service and is both driving and benefitting from the ongoing secular shift from transaction-based to access-based streaming models. The company is growing its total MAUs at ~27% ...

Initial Report: Kilburn Engineering (KLBRENG), 18% 5-yr Potential Upside (VIP SEA, Mouli Raj)

1. Key Information
2. Executive Summary:
Established in 1987, Kilburn Engineering Limited (Kilburn) designs, manufactures and commissions customized equipment and systems for chemical, steel, nuclear power, petrochemical, and food processing industries. Among its prod...

Initial Report: MapMyIndia (NSEI:MAPMYINDIA), 55% 5-yr Potential Upside (EIP, Jianling NG)

You can't use an old map to explore a new world - Albert Einstein
Company Description:
C. E. Info Systems Limited (NSEI:MAPMYINDIA), provides digital mapping, geospatial software, and location-based Internet of Things technology solutions in India. MapMyIndia deri...

Initial Report(part2): Big Lots (BIG), 387% 5-yr Potential Upside (EIP, Ryan ANG)

Valuation and Opportunity Sizing
I think a long-term investment case in Big Lots is lacking. You may refer to the second series of the paper below to understand why I think that a long-term investment case in Big Lots is lacking. Although there are currently signs that Bi...