flash crashes occur every year, especially this year. Today, two more Hong Kong stocks experienced a cliff-like flash crash:
One was Guanzhi Holdings, which fell by more than 60%; and last Friday, the stock just plummeted 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, whose stock price plummeted 86.32% in early trading. Subsequently, the company issued an emergency suspension and the stock price was fixed at HK$0.26. What happened to
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html Doubled in 45 days and returned to the starting point in 2 days
Guanzhu Holdings staged a super roller coaster
In early trading today, Guanzhu Holdings plunged again by more than 60%. Last Friday, the stock just plummeted by nearly 80%, and it fell by more than 90% in two days. %. As of press time, the stock price was only HK$0.4, the market value was only HK$350 million, and the market value had evaporated by more than HK$4 billion.
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 the first new stock 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.
Then, from August 9th to 15th, 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 nearly 80%; today, the stock plummeted again by more than 60%, with the stock price remaining at only 0.39 Hong Kong dollars, compared with the issue price of 0.43 Hong Kong dollars. So far, it has been broken.
Regarding this, friends in the stock bar complained that it was too scary.
Auto Sales Company
Net profit pre-cut in the first half of the year exceeded 60%
According to the company, the company is an automobile group located in Singapore that sells new parallel imported cars and second-hand cars. During the performance record period, its main business was the sales of new parallel 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, Guanshi Holdings just issued an announcement that the group’s profit attributable to equity holders of the company in the first half of 2019 is expected to decrease by no less than 60% year-on-year. This is due to the decrease in automobile sales. Due to the decline in gross profit, etc.
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 surge in the new shares to the sharp decline 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 88%, and the company subsequently suspended trading. Before the suspension, it fell 86.32% to 0.26 Hong Kong dollars, with a transaction volume of 37.41 million Hong Kong dollars. The latest total market value was only 323 million Hong Kong dollars, evaporating 2 billion Hong Kong dollars.
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 30 pulp and paper enterprises in China by the China Paper Association, and is the manufacturer of machine-made thin-leaf 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 Xibin Nanxing Recycling Paper Mill in Jinjiang County, Fujian Province, Nanxing Welfare Paper Mill in Xibin Jinjiang County, Fujian Province and Jinjiang Youlanfa Group Industrial Co., Ltd. Nan 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 penny stocks that have plummeted, 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. The couple holds 55.85% of the company's shares.
As for this plunge, some analysts believe that it may be due to the liquidation of positions by Zhongyuan Securities.
It is reported that the company currently trades 122 million shares, while Zhongzhou International Securities holds 9.49% (118 million shares) of pledged shares. Therefore, it cannot be ruled out that the plummeting share price of the company is due to the liquidation of pledged shares, 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 meeting on August 28, 2019 (Wednesday) to, among other things, consider and approve the company and its subsidiaries for the six months ended June 30, 2019. Unaudited interim results, and consideration of the payment of interim dividends (if any).
This article comes from China Fund News
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