| Since the reform and opening up,China's economic progress has made considerable progress.The Chinese economy has now become the world's second largest economy.From the per capita income before the reform and opening up to 100 US dollars to the current per capita income of more than 8,000 US dollars,the wealth has expanded dramatically.Financial management has become the common desire of the country,companies and individuals.Stock investment as a means of investment has great potential for development.After more than 20 years of development,China's stock market currently has more than 3,000 listed company stocks.The market value of the stock market is equivalent to more than 70% of the total GDP of the country.It has good liquidity,large market capacity,and a large variety of investments.The stock market has large investment volatility and high profitability requirements.When the stock market promoted economic development,it created a number of great companies,such as the United States,General Electric,Microsoft,Amazon,China's Haier Electric,Green Electric and other companies,investment in such stocks will make great profits.However,there are also giant companies,which are overshadowed by poor management.Companies such as Kodak in the United States and Sichuan Changhong in China will suffer huge losses when they invest in such companies.From the index point of view,the Dow Jones index of the United States has fallen from more than 14,000 points to more than 6,000 points,and has risen back to more than 20,000 points.Investment in the stock market requires high levels of investment management to avoid losses and gain benefits.High-level investment management requires theoretical guidance,corresponding strategies,and corresponding management models to form a three-in-one investment management system.The investment strategy and application of growth stock value is a trinity investment management system based on the above ideas.The growth stock value investment theory is the specific application of the value investment theory.The value investment theory believes that the decisive factor in determining the stock price is the value of the company.The enterprise life cycle theory reveals that the intrinsic value of each stage of the company is changing.In the growth stage,the company's intrinsic value grows with the growth of the company,and the company's stock in the growth period is called the growth stock.The concept of growth stock value investment has introduced the concept of the expected intrinsic value of the company.It is expected that the increase in intrinsic value will drive up the stock price,and use the concept of safety margin of the value investment theory to judge the expected value in the future years,and compare with the current price.Worth investing.This theory is called growth stocks' value investment theory.The growth stock value investment strategy is to use the characteristics of growth stocks to find growth stocks,analyze the growth phase of the company,evaluate the expected intrinsic value of the growth stocks in the next few years according to valuation theory,and use empirical research conclusions to find the safety marginal standards of the Chinese stock market.The current price is compared with the expected value of the company several years later,and it is judged whether the stock has investment value.Through this strategy you can quickly find growth stocks and find good prices.The strategic use of growth stock value investment is a management system established to ensure the implementation of growth stock value investment strategy.Based on the case analysis,we focused on the various operational aspects of the standardized management investment strategy,and screened the stocks that meet the price requirements of the growth stocks with the institutional protection strategy.Focus on controlling investment risks,clarifying risk factors,and implementing risk control measures in all aspects to avoid risks.The strategy and application of growth stock value investment is a trinity investment management method that is consistent with the growth stock value theory and investment strategy.The management approach focuses on programmatic management and investment risk management,and is an investment strategy application of a large-scale sustainable investment stock market.The research idea of this paper is to use the enterprise life cycle theory to study and analyze the influencing factors of the company's intrinsic value change in the future with the time span as its axis.The concept of growth stocks is described.Based on the theory of value investment,the disciplines of economics,management and other disciplines are used.Based on the basic principles and laws,as well as some literature references,the theory,strategy and application of growth stock value investment are proposed.Find a method that can systematically scale investment in the stock market for investment management of the stock market and guide the society to accept the concept of value investment.The purpose of this paper is to position growth stock value investment theory as a concrete application of value investment theory.It is hoped that value investment theory will be combined with the enterprise life cycle theory to establish a value investment theory for growth stocks,and to build a growth stock value investment strategy through theory.Using qualitative and quantitative analysis methods to open up the path of value investment theory and investment practice,provide an investment method that can be applied by individuals and institutions,and can systematically and large-scale investment in the stock market to form a theory,strategy,and application of Trinity investment management.Methods to guide the investment management of the stock market,help institutional investors find sustainable stocks,discover good prices to invest in the stock market,drive the society to accept growth stock value investment theory,guide the society to accept the concept of value investment,and guide investment in value Theoretical application has practical significance.Growth stock value investment theory is the specific application of value investment theory.It introduces the theory of enterprise life cycle,combines the two to study together,opens up new research fields of value investment theory in the academic field,and expands the research space of value investment theory. |