Fang Wealth, the main shareholder of Dongcai Zhuan 2, is a comprehensive operator of Internet financial services in China. It is a segment leader in fund sales, investment social networking and other fields.

The absolute valuation of the underlying stock is high (not lower), the vertical comparison of valuation is at the low quantile level in the past three years, the market capitalization is large, and the flexibility is good. The stock price trend is at the upper edge of the monthly large triangle consolidation since 2015, and it is in a decisive stage.

position, there have been some false fluctuations in the past six months.

PE 61X, PB5.2X, with a market value of 103 billion, there will be no pressure to lift the ban in the future, and the actual controller's equity pledge ratio is about 20%.

The 120-day volatility has continued to fall in the past half year, with a historical operating range of 27-53% and currently at a low level of 34%.

Taken together, Dongcai, as a platform-based Internet financial enterprise, has a certain degree of scarcity. The game between its fundamentals and stock price is relatively simple. Its main business has developed remarkably in the past few years, but its valuation is expensive and fluctuates, and the long-term holding process is not good.

, it is necessary to make certain timings to smooth out fluctuations.