The market rose sharply the day before yesterday, and investor confidence has increased. However, the market performance was slightly weak yesterday, and various indexes were adjusted slightly. The Shanghai Composite Index fell 4.61 points, and the ChiNext Index fell 2.62 points. From the disk perspective, liquor stocks have become another hot spot after auto stocks in the near future.
Auto stocks have been relatively hot recently. Leaders such as Beiqi Langu and Changshu Auto Accessories are still on the "single board" and cannot be bought. When the board is available for purchase, it will probably be a short-term high. Personally, I don't think it will catch up for the time being, but I can keep a close watch.
How far can this wave of "drunk driving" market go? The market may still maintain a volatile pattern, but there is no need to worry too much and continue to pay attention to the inflow and outflow of funds from the north. Yesterday, Beijing Capital sold a small net of about 500 million yuan, which is not a big problem.
The two leaders rushed higher and fell back yesterday
Recently, liquor stocks took the lead out of the trough. The leading stocks were not Kweichow Moutai, Wuliangye and Luzhou Laojiao, but second and third tier liquor stocks. The strongest trend is Shuijingfang and ST willing, their stock prices have broken through the 100 yuan mark, but yesterday the two leaders rushed higher and fell, ST was willing to slip from the daily limit to near the down limit. However, Huangtai Winery, Yingjia Gongjiu, and Jinhuijiu took the lead. ST Rock, which entered the sauce and wine market, also set a new daily limit yesterday. In addition to liquor, wine stocks and beer stocks have also been exceptionally strong recently.
I think the sudden outbreak of liquor stocks has something to do with the quarterly reports released by several E Fund funds that Zhang Kun controls. On the surface, many funds have been lightening up liquor stocks in the early stage. In fact, Zhang Kun added about 1.06 million shares of Kweichow Moutai in the first quarter, and the amount of added positions exceeded 2 billion yuan; at the same time, he added 11.15 million shares of Wuliangye, amounting to 2.5 billion yuan. Wuliangye replaced Moutai and became Zhang Kun's largest stock. Zhang Kun is not only adding positions to liquor stocks, but also to Bairun shares, another liquor stock. Bairun shares pre-modified cocktails. According to the quarterly report of E Fund's small and medium-cap hybrid fund, Zhang Kun bought 17 million shares of Bairun shares, and the market value of his position was close to 2 billion yuan.
This track is still an impossible position for institutions to give up. There is only one reason, and the certainty of performance is relatively high.
Regarding the recent strong performance of liquor stocks, I think that the second and third line stocks such as ST Willing, Shuijingfang, and Yingjia Gongjiu have relatively large short-term gains. It is advisable to wait and see for the time being, but some of the previous declines have been relatively large.Recent stocks that are still relatively low can still be paid attention to, such as Shiyuan, Kouzijiao, Yanghe shares, Wuliangye and so on.
Registration-based new stock operations need to be cautious
A total of 4 new stocks were listed yesterday, of which 2 GEM new stocks performed poorly on the first day of listing. One is N Ruijie, which has an increase of only 13.76%, and the other is N Youan, which has an increase of only 7.67%. N Youan set a record for the worst performance on the first day of IPOs since last year. These two new stocks both surged by about 40% in early trading, and then fell all the way.
Where is the problem? There is no limit on the ups and downs of registered new stocks in the 5 trading days before listing, which means that the stock price will fluctuate greatly after listing. N Ruijie’s issuance price is 89.66 yuan/share, and N Youan’s issuance price is as high as 120.8 yuan/share. For such a high issue price, many people like to describe it as "big meat sign". Looking at it now, these "big meat sign" often overdraft the post-listing hype space because of the excessively high issue price, making "big meat sign" the worst new stock. In fact, since last year, many high-priced new stocks listed on the Science and Technology Innovation Board have now broken. For example, Ruilian New Materials has an issue price of RMB 113.72 per share, and its current share price is RMB 82. Cathay Bio, the issue price of 133.45 yuan / share, now the stock price is 82 yuan.
In the case of a large number of new shares issued, we must be cautious about the operation of registered new shares, especially new shares with a higher issue price.
There is one more important thing. The announcement shows that Longi's net profit in 2020 will be 8.552 billion yuan, a year-on-year increase of 61.99%, and the company plans to distribute 2.5 yuan from 10 to 4. In the first quarter, net profit was 2.502 billion yuan, a year-on-year increase of 34.24%. Prior to this, a brokerage company held an institutional conference call, and an "expert" said that Longi's shares lost 1.7 billion yuan in the first quarter. Subsequently, Longi shares promptly clarified that the stock price was still affected at that time. The announcement of the first quarter results yesterday was a response to the previous false news. Let's see if Longi shares can lead the photovoltaic sector to strengthen, and the photovoltaic sector was also a super hot spot in the market last year.
(Zhang Daoda)
According to the latest regulations of relevant state departments, this handbook does not involve any operation suggestions, and enters the market at your own risk.
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