Today’s focus: Shangneng Convertible Bonds, Huatong Convertible Bonds, Zhengbang Convertible Bonds, Penghui Convertible Bonds, and Tong22 Convertible Bonds were among the top gainers
1. Market Overview
Convertible Bond Equal Rights Index closed up . 67%, closing at 2098.911. There were a total of 413 convertible bonds in the market, 242 convertible bonds rose, 1 convertible bond ended flat, and 170 convertible bonds fell. The transaction volume of convertible bonds was 126.389 billion. The average stock conversion premium rate is 53.28%! The "Details of Transaction" for convertible bonds is about to be implemented, and demon bonds have been in the cold for two consecutive days. Before multiple uncertain factors come to fruition, the market style will shift towards stock-bond linkage and low-premium bonds!
After nearly two months of delay, Hangyang convertible bonds will finally be listed tomorrow (July 5). Although the issuance scale reaches 1.137 billion, the actual circulation scale is only about 580 million. As of the closing, the conversion value is as high as 111.26, which will be a A medium-sized meat pick, conservatively estimated to be between 140-150, has a chance to hit the upper limit of 157.3!
There will be forced redemption of two convertible bonds this week: Huyan Convertible Bonds will have the last conversion/trading day on July 6, and Jiaoke Convertible Bonds will have the last conversion/trading day on July 7. Investors who still hold two convertible bonds must sell or convert shares before the deadline to avoid unnecessary losses!
2. Comments on today’s convertible bonds “Five Dragons”
. Shangneng convertible bonds: energy storage + photovoltaic concept. The company is one of the top three inverter manufacturers in China. Energy storage converters and photovoltaic inverter products are widely used in green power generation projects. If it were not for the imminent implementation of the "Transaction Rules" for convertible bonds and the outflow of a large amount of speculation funds for hedging, the performance of Shangneng Convertible Bonds today would not be inferior to that of Panlong Convertible Bonds. After the short-term correction, you can continue to pay attention in the medium and long term!
. Huatong convertible bonds: food processing + pork concept. The company is one of the few domestic poultry and livestock slaughtering and processing enterprises with a complete industrial chain. Over the weekend, many large pig companies were interviewed and asked not to hoard or drive up prices. Pork stocks broke out across the board, with the main stocks hitting their daily limit in late trading and the closures weak. The market speculates that the rapid rise in pork prices in June was due to short-term excessive pressure on the fence, but it is undeniable that the pig cycle has entered an upward stage, and medium and long-term funds can participate in dips!
3. Zhengbang convertible bonds: photovoltaic + pork concept. The company has built an integrated agricultural and animal husbandry industry chain of "feed - veterinary drugs - pig breeding - commercial pig breeding". Over the weekend, many large pig companies were interviewed and asked not to hoard or drive up prices. Pork stocks broke out across the board, with the underlying stocks rising by the daily limit and the board closing being strong. High-quality, low debt, safety cushion, is better, superimposed on the photovoltaic concept, and has been active recently. I have said before that I can continue to pay attention in the near future!
4. Penghui convertible bonds: lithium battery + sodium ion battery concept. The company is a comprehensive battery manufacturer in China. The sodium/lithium battery sector performed actively, with the underlying stock Penghui Energy rising sharply and its stock price hitting a record high. Convertible bonds will stop converting/trading on July 28. Currently, convertible bonds have a negative premium. Doomsday bonds can pay attention to stock conversion arbitrage opportunities!
5, Tong22 convertible bonds: photovoltaic + HJT battery concept. The company is the world's leading high-purity crystalline silicon company and the world's leading crystalline silicon cell manufacturer. The company announced that its net profit for the first half of 2022 is expected to increase by 3.05 times to 3.21 times. The stock price rose by the limit in late trading, with a strong seal. Beware of short-term corrections after the positive performance is realized, but it is still worth paying attention to in the medium and long term!
3. The top ten most active convertible bonds today
4. The forced redemption of convertible bonds has been announced
Tomorrow's subscription/listing:
The public account "Convertible Bonds Win Every Day" focuses on Convertible bond investment !
