The net assets of CITIC Securities as of 20 13 12 3 1 are about 8 yuan. In other words, if CITIC Securities falls by 8 yuan, you will have a chance to buy CITIC's net assets for one yuan. However, this is almost impossible. Because the assets of brokers, only real estate and cash and a small part of office equipment, are almost completely unaffected by depreciation. So it's worth buying a dollar for a dollar. The only thing that can overturn this figure is that CITIC Securities has suffered losses for years, resulting in a decrease in net assets.

In recent years, the cash dividend of CITIC Securities is a model in the securities market, which is closely related to the background of state-owned enterprises and the contact with securities regulatory authorities. Compared with its share price, if you can buy in the range of 10- 1 1 yuan, then the dividend per share divided by the share price is equivalent to the dividend rate of five-year time deposits in banks. So as long as you hold shares, even if you lose money temporarily, you can actually get bank interest.

In the past three years, stock index futures have been rampant. As the biggest short position in stock index futures, it is inevitable that CITIC Securities will short the market with its own stocks. Therefore, you will often find that CITIC Securities often falls faster and harder than the broader market, and it does not rise too fast. But in the past five years, these securities have been running in the range of 10- 15 yuan, and this law will not change until the securities market changes greatly. The continuous improvement of CITIC Securities' performance will increase.

To sum up, CITIC Securities is a good stock. Wait patiently for a price, hold it for a long time, and get a good return in the right band.