Source: China Fund News
Author: Wu Yu
Flash crashes happen every year, especially this year. Today, two more Hong Kong stocks experienced a cliff-like flash crash:
and Guanzhi Holdings , which fell more than 60%; and last Friday, the stock just plunged by nearly 80%. What's even more magical is that in the first five days before the decline, the company continued to rise, with a cumulative increase of more than 120%.
One is Youyuan Holdings. The stock price plunged 86.32% in early trading. Later, the company suspended trading urgently and the stock price was fixed at 0.26 Hong Kong dollars. What happened to
?
html doubled in 25 days and returned to the starting point in 2 days
Guanzhi Holdings staged a super roller coaster
In early trading today, Guanzhu Holdings plunged again by more than 60%, and last Friday, the stock just plummeted by nearly 80%, two It has fallen by more than 90% daily. As of press time, the stock price is only HK$0.4, with a market value of only HK$350 million, and more than HK$4 billion in market value evaporated.
In the first five days before the decline, the company continued to rise, with a cumulative increase of more than 120%.
It is not uncommon for stocks to experience flash crashes in the Hong Kong stock market, but there are not many stocks that skyrocketed before the flash crash. Information shows that the company was listed on the Hong Kong Stock Exchange on February 28 this year. At that time, the company issued 225 million shares, with an issue price of HK$0.43 per share, and 5,000 shares per lot. The price rose by 260% within two days of listing, and basically fluctuated around HK$1.5 in the following four months. Subsequently, from August 9 to 15, in just 5 trading days, the stock surged by more than 120%, with the highest stock price reaching HK$5, an increase of more than 10 times compared to the issue price.
Unexpectedly, it has easily returned to the starting point in the past two trading days: last Friday, the stock plummeted by nearly 80%; today, the stock plummeted by more than 60% again, with the stock price remaining at only 0.39 Hong Kong dollars, compared with 0.43 Hong Kong dollars. In terms of the issue price, it has broken.
Regarding this, friends in the stock bar complained that it was too scary.
Car sales company
The pre-announcement of net profit in the first half of the year exceeded 60%
According to the company's introduction, the company is an automobile group located in Singapore. It sells new parallel imported cars and second-hand cars. During the performance record period, its main business was the sales of new parallel cars. Imported cars. In addition to automobile sales, the company also provides related services and products, such as (i) providing automobile financing services; (ii) providing automobile insurance agency services; and (iii) selling automobile spare parts and accessories. In addition, as part of the company's core business, the company also provides car rental services.
Just before the surge, on August 6, Guanzhi Holdings had just released an announcement . It is expected that the group’s profit attributable to the company’s equity holders in the first half of 2019 will decrease by no less than 60% year-on-year. This is due to the automobile Decreased sales led to a decline in gross profit.
Judging from the company's performance in recent years, the company's performance exploded in 2017, with revenue increasing by more than 40% and performance increasing by more than 60%; while it fell in 2018.
However, industry insiders said that the recent skyrocketing to plummeting of the new shares may be just capital speculation.
Youyuan Holdings: ’s market value evaporated by HK$2 billion
Then let’s take a look at Youyuan Holdings.
In early trading today, Youyuan Holdings' share price plummeted 888%, and then the company had an emergency suspension. Before the suspension, it fell 86.32% to HK$0.26, with a transaction volume of HK$37.41 million. The latest total market value was only HK$323 million, HK$2 billion evaporated.
It is reported that Youyuan Holdings is China's leading manufacturer of thin-sheet packaging paper. Its main products include double-sided and single-sided copy paper. Both are thin-sheet packaging papers with a basis weight of less than 40 grams per square meter. They are commonly used for clothing and shoes. Packaging materials for categories, fresh fruits and other consumer goods. It also produces printing paper. The company markets thin-sheet packaging paper under the brand name "Youlanfa", while printing paper is marketed under brands such as "Little Scholar", "Little Prodigy", and "Big Bachelor". In recent years, the company has been rated as one of the top eight pulp and paper enterprises in the country by the China Paper Association, and it is also the manufacturer of machine-made thin-sheet packaging paper with the largest output.
Company was founded in 1994 by Cai Qingjiang and President Ke Jixiong as "Fujian Youlanfa Group Industrial Co., Ltd." (formerly known as Fujian Province Jinjiang County Xibin Nanxing Recycled Paper Mill, Fujian Province Jinjiang Xibin Nanxing Welfare Paper Mill and Jinjiang Younan Paper Co., Ltd.).
was listed on the main board of the Hong Kong Stock Exchange on May 27, 2010. The offer price is HK$3.38, with a global offering of 250 million shares and a raised amount of HK$845 million.
Compared with other plunging penny stocks, Youyuan Holdings' performance is relatively stable. Although the company's performance weakened in 2018, with revenue growing by more than 50% and net profit growing by only 10%. But over the years, the company's overall performance has been stable and improving.
Youyuan Holdings' equity is highly concentrated.
The company's equity is highly concentrated. The company's actual controllers are Cowento and his wife, who hold 55.85% of the company's shares.
This time plummeted . Some analysts believe that it may be due to the liquidation of Zhongyuan Securities .
It is reported that the company currently trades 122 million shares, and Zhongzhou International Securities holds 9.49% (118 million shares) of pledged shares. Therefore, it cannot be ruled out that the company's stock price plummeted because the pledged shares were liquidated, which led to the liquidation of Zhongzhou International, a subsidiary of Centaline Securities.
In addition, Youyuan Holdings previously announced that it will hold a board of directors meeting on August 28, 2019 (Wednesday) to, among other things, consider and approve the company and its subsidiaries as of June 2019.30 Unaudited interim results for six months, and consideration of the payment of interim dividends (if any).
