We all know that in the period after ex-rights and ex-dividends , if most people are optimistic about the stock, the trading market price of the stock is higher than the base price on the ex-rights and ex-dividends day, that is, the stock price has increased compared with before the ex-rights and ex-dividends. This market situation is called To fill in the right. If the stock price rises to the price level before ex-rights and ex-dividends, it is called full filling of rights. On the contrary, if most people are not optimistic about the stock and the trading market price is lower than the ex-rights and ex-dividends benchmark price, that is, the stock price has dropped from before the ex-rights and ex-dividends, then it is sticker rights . Whether stocks can get out of rights-filling quotes is generally related to the market environment, the industry prospects of the issuing company, the company's profitability and corporate image.
Let’s first talk about the current market environment.
First of all, this round of repairs was led by Everbright Securities Pioneer on April 29. With the strong offensive of brokerage companies, the siphon response was obvious, which instantly stabilized the market’s downward worries. , as the market stabilizes and warms up, the window guidance under the Everbright has stepped off the stage, and the market has entered the mainstream benign restoration ecology of weighted stage-themed operas. The index may have reached a certain height now, but at the weekly level, there is still a certain upward space for the market . The medium pressure level may be around 3,600 points. With the stimulation of the real economy under the control of the epidemic, the stock market has the ability to be industry-oriented. The basis for the continued upward trend. This wave of repairs is very likely to approach 4,000 points. From the technical point of view of the monthly level system, the MACD green column has shortened, KDJ has appeared golden cross , the June moving average bald Yang line , May has already closed the positive line, and the monthly level system is likely to form in May, June and July. red three soldiers attack combination.
Secondly, after the deepening of financial reform, the trend of domestic financial services has become more and more obvious. The dominance of industry-oriented value investment is becoming more and more obvious and deepening. At the same time, the investment returns based on fundamentals and industry tracks in recent years have been very generous. Take last year's crazy performance of the secondary market of emerging industries dominated by lithium batteries, photovoltaics , and new energy vehicles. After in-depth adjustments in the spring of this year, as the index stabilizes and rebounds in depth, the height and intensity of such track repairs have become very high. amazing. The increasing willingness of large institutional investors and market funds to pursue core companies is determined by the expectations of the track and the certainty of their own performance and the relatively high certainty of the industry's growth space.
Lastly, in the past two or three months, track stocks represented by new energy vehicles and photovoltaics have rebounded strongly, with many stock prices rising by more than 100%. The essence of the rise in these sectors should be the incremental space for commercialization brought about by new technological changes. The direct fundamental reason should be that the future growth and performance of these track stocks this year are certain. Institutions and countries are gradually guiding the financial services industry to serve forward-looking industries and pain point industry tracks. In fact, we can derive the answer from the question. There are several major problems in the world this year: one is inflation caused by the energy and food crisis, and the other is the impact of the raging epidemic. The first inflation breaks down new energy photovoltaics, new energy vehicles (lithium batteries), coal, seed industry, and agricultural chemicals (pesticides, fertilizers). The second epidemic has led to innovative drug tracks such as epidemics. At the same time, these industry tracks are also the most certain of this year’s performance and future growth.
Next, let’s take a look at the pesticide track.
From the above market environment, we know that with the current local turmoil, climate deterioration and inflation, the food crisis is getting more and more serious. Even with the most optimistic prediction, the harvest will be harvested next year. It can only be improved later. If the climate environment, instability and inflation are difficult to reduce, it may take two or three years at the latest to become a world-class problem that continues to worsen. Food is the guarantee of survival. The issue of survival is the foundation is the same no matter what kind of developed country it was in that era, and it is one of the most core issues. Pesticides are important agricultural production materials and are of great significance to global food security. As an important means of preventing diseases, pests and weeds in agricultural production, pesticides are a rigid demand and play an important role in increasing crop yields and ensuring global food security.Pesticides play an irreplaceable role in ensuring increased grain production and income. The use of chemical pesticides can effectively control crop diseases, insect pests, and weeds, and can save 30%-40% of the world's total annual crop yield losses. my country needs to feed 22% of the world's population with 7% of the world's arable land. The role of pesticides in agricultural production The importance is more obvious. In recent years, many high-efficiency, low-toxicity, and low-residue new pesticides have emerged. The input-output ratio has reached over 1:10, and the input-output ratio for general pesticide varieties has also reached over 1:4.
China is the world's largest pesticide manufacturer The main production base and largest exporter is expected to benefit from the increase in global pesticide market demand. With the deepening of the division of labor in the global pesticide production industry chain, my country has gradually developed into the world's main production base and largest exporter of pesticide raw materials by virtue of its cost advantages, complete chemical production facilities and engineer bonuses. Pesticide product export data hits new highs Taking herbicides as an example, judging from the data for the first five months disclosed by the General Administration of Customs on June 23, the export quantities from January to May this year were 145,000 tons, 86,700 tons, and 13.02 100,000 tons, 110,400 tons, 153,200 tons; the export volume fluctuated, reaching a historical peak in May; the total sales amount was US$827,279,800, US$497,689,500, US$700,301,600, US$624,926,900, and US$809,009,300. Zhuochuang Information Analyst of the General Administration of Customs told a reporter from the Financial Associated Press: "There are still price differences at home and abroad for chemical products, including pesticides, especially in Europe and the Americas. In the early days, due to the epidemic, orders were suppressed. In recent months, export data It should look good, and there is no problem in maintaining this momentum until September. The follow-up depends on the variety, as well as overseas market consumption and willingness to stock up. "The pesticide sector is likely to maintain a high level of prosperity for a long time in the future. Then let's take a look at the company's profitability . Gong
The leader in the annual compound growth of comprehensive revenue, net profit, operating cash flow is undoubtedly: 603599 Guangxin Shares, Guangxin Shares belongs to the pesticide sector The company with the strongest growth potential. The company's new projects: 300,000 tons of ion membrane caustic soda products will be released at the end of June, including 250,000 tons of chlor-alkali .15 million tons of hydrogen peroxide . Trial production of oxadiazon and cyclozinone has been completed by the end of June. With the completion of the acquisition of Shixing Pharmaceuticals, the market share of ortho-paranitrates has been further increased, and the layout of downstream products has been deepened, including vanillin and phenylaminophenol, and extended to pharmaceutical intermediates. It is expected to report consolidated statements in the semi-annual report.
Finally, let’s take a look at the company’s image
The company has successively won the titles of “Technology Leading Enterprise”, “Anhui Province’s Outstanding Private Technology Enterprise”, “Anhui’s Most Investment Value Growth Enterprise”, and “The Second Top Ten Innovations of Anhui Private Enterprises” Enterprise" and "Anhui Province Independent Innovation Brand Demonstration Enterprise", Guangde City Top Ten Science and Technology Innovation Enterprises in 2020, and many other titles. After more than ten years of technical research and accumulation, the company has gradually formed a number of product synthesis and process technologies through independent research and development. Its production technology capabilities are in the leading position in the industry, with phosgene synthesis technology, DAP/HAP impurity control technology, sulfur Cyanide reaction technology, diuron synthesis technology, methyl carbamate synthesis technology and isocyanate synthesis technology and many other core technologies. The company has now developed into one of the main production bases for domestic fungicides carbendazim and one of the largest production bases for thiophanate methyl. It is also one of the few domestic companies that independently masters the synthesis technology of diuron. As one of the manufacturers, its product production and sales volume, export volume and export earnings are among the best in the domestic industry.The company's products have established a good reputation and market influence in the industry. "Guangxin Brand" has been recognized as "Anhui Famous Brand Product" by the Anhui Provincial Famous Brand Strategy Promotion Committee, Anhui Provincial Quality and Technical Supervision Bureau and Anhui Provincial Administration for Industry and Commerce . " and "Anhui Province Famous Trademark" were recognized as "China's Well-known Trademarks" by the State Administration for Industry and Commerce in 2013, thus effectively achieving product differentiation and brand premium. The important indicators of the high-quality carbendazim developed by the company are better than the Food and Agriculture Organization of the United Nations (FAO) standards, and have broken through the harsh "green barriers" in Europe and the United States and other countries. countries and regions, and its export sales volume and export foreign exchange earnings rank among the top in the same industry nationwide.
First of all, the current market environment still has a high probability of upward trend, and the mainstream investment style in China has gradually entered the market environment where value investment is the main focus. Guangxin shares itself is the first choice target for scarce value investment with high cash flow, low valuation and low PEG. Firstly, coupled with the world food crisis, one of the major global problems, pesticides will maintain a long-term high prosperity globally and domestically. Secondly, the country will begin to vigorously introduce and promote the production of genetically modified crops, giving domestic pesticides a new and huge incremental market. Policies In strong support. Then, in the field of pesticide sector, Guangxin has increased its minimum foreign holdings from about 23.6 million shares to more than 50 million shares since the end of April, and has continued to be pursued by foreign investors. In addition, the shareholding ratio of the company's top ten tradable shareholders is as high as 64.53%, the average shareholding per household is as high as 40,000 shares, and the number of shareholders is only 16,100. The overall external liquidity is very limited, and good companies are reluctant to raise funds. Recently, Guangxin Co., Ltd. executives terminated the company early In the shareholding reduction plan, the executives, especially the chairman, Mr. Huang Jinxiang, only reduced it slightly, and the shareholding ratio of the major shareholders was not low, which fully demonstrated that they were reluctant to sell, the company was undervalued, and their children knew that they were optimistic about the company's high growth in the future. Finally, based on the data fed back from the investor exchange meeting, it is comprehensively predicted that the company's semi-annual report should exceed expectations. To sum up, the company has only three times the certainty of dynamic PE for the high-growth 603599 Guangxin Shares. It is inevitable that the future market will be filled with rights. Sustainably seize the opportunity to step back and buy low, and pay attention to dips
