used to be Yingke Medical was an undeniable super bull stock, but now it almost rises from where it falls back. A shares once again proves that stocks are not spot stocks, but " futures ".
ex-rights stock price
Why do you say that stocks are futures? Because what people care about is not the "now" at all, but the future. Since the epidemic began, Yingke Medical's profits have increased sharply, from its net profit of 178 million in 2019 to 7.43 billion yuan in 2021, an increase of more than 70 times. It also achieved excellent results of 7 billion yuan in 2020. During the stage of full-scale stock price rising, the research report has been applauded all the way. Many parties predict that profits will continue to increase significantly in 2021, and the highest point of the stock price is January 25, 2021, and then plummeted. Investors who are not sure of this are confused as they see the growth of net profits. Conspiracy theory has become the only reason that retail investors can find, believing that hot money institutions are slaughtering their leeks, but in fact, the problem with Yingke Medical is not the company, but the stock price.
Yingke Medical mainly produces medical protective equipment. PVC gloves is the core product. With the help of the epidemic, it has become the darling of funds and is a typical hot topic. concept stock . Coupled with the real increase in the demand for medical gloves in epidemic prevention and control, the stock price has risen from more than 3 yuan to 164 yuan (reproperty price), up 50 times, and the total market value of a sold gloves reaches the level of 100 billion when it is at its highest. Many people are very clear about how much bubble there is. Everyone is fighting for others to buy at a higher price, but in the end they will be messy. Therefore, people think that the profits of gloves sold during the epidemic have increased, and this beautiful "imagination space" has also turned into a massacre as it rose by 50 times.
Profits rose 70 times. Is the stock price more than 50 times? Of course there are more, because this kind of profit increase is not stable, glove production capacity is easily replaced, and there is extremely high uncertainty. For companies, the past two years has been a "window of money".
Judging from the controlling shareholder Liu Fangyi's holdings in 2019, it is a process of continuous cash out;
2019, the top ten shareholders accounted for
2022, the top ten shareholders accounted for
2022, the top ten shareholders accounted for
0 See the data, the reduction of holdings is not particularly large, but it is not a small amount for a company listed in 2017. In addition to controlling the company, there are also a large number of shares that cannot be sold. I personally think that if I can sell them all, the shareholding ratio will be smaller. Because companies understand that this kind of profit is unsustainable and the stock price cannot be maintained, we can see some problems from the holdings of senior executives.
data comes from Tonghuashun
executives have not bought recently. The executives are very clear about how to sell gloves and think of a market value of 100 billion. Yunnan Baiyao has a maximum total market value of more than 200 billion. Anyone can produce gloves. Yunnan Baiyao is not, "Hengfair is not Hengcai". This year, with the ebb of the epidemic and the competition for production capacity, the profits of enterprises have greatly reduced;
March 2021, and by March 2020, it was only 83.49 million, a year-on-year decrease of -97.77%. Therefore, when studying stocks, you cannot wait for the financial statements to make judgments. It is very important to make judgments in advance, which requires estimating the industry direction and the nature of the company. The capital side is the second consideration, because funds also need to rely on the essence of the industry.
stocks are typical futures thinking. The stock price can rise from a few dollars to a few hundred dollars. It only requires an imagination space. On the contrary, the price of futures doubles, which is a huge market. Without considering the trading mechanism, stocks move towards expectations and funds, while futures move towards economic environment and supply and demand.
The biggest feature of my country's securities market is that no stock can maintain a stable long-term rise. When medical care becomes a hot topic, fund managers do not need level, and when the tide goes down, they will also think that the company is good. The company is indeed good, and the question is how long it will take to ease this time. It seems that it is not wrong to have a good valuation when it is too high and when it is too low. But what should people who buy funds do?
So, invest in securities, you must not judge investment based on the surface. Funds will not discuss characteristics for performance. Let me tell you that the medical care in the elderly will be done in the future. If you believe it at a higher level, you can only wish you good luck.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-