On March 8, Rendong Holdings hit the daily limit again. In the past 9 trading days, Rendong Holdings has won 8 daily limits. After the Spring Festival in 2021, the cumulative stock price rose by 147.80%.
. From late November to mid-December 2020, Rendong Holdings hit the limit for 14 consecutive days. In a few months, Rendong Holdings has transformed from a "pig killing plate" into a "monster stock".
Judging from the after-hours data, during the recent daily limit, institutions and hot money are crazily hyping Rendong Holdings .
On the evening of March 8, Rendong Holdings announced that the company's stock market closed from February 24 to March 8 had a cumulative increase of 122.8%, and the cumulative turnover rate was 198.1%, and during this period, it encountered abnormal fluctuations in stock trading. Due to the abnormal fluctuation of the company's stock price recently, in order to protect the interests of investors, the company will verify the abnormal fluctuations in stock trading. After the company's application, the company's stock will be suspended from trading since the opening of the market on March 9 and will resume trading after the disclosure and verification announcement. The company reminds investors to pay attention to secondary market trading risks.
Source: Wind
Institutional hot money has been on the list one after another
From February 18 to March 8, Rendong Holdings has been on the 213 trading days of Dragon Tiger List .
htmlOn March 8, Rendong Holdings Dragon Tiger List net purchase of 23.1995 million yuan. Judging from the situation of the list, under the continuous hype, well-known first-tier hot money has become frequent visitors to the list, including the second securities department of Lhasa Tuanjie Road, Oriental Fortune Securities Co., Ltd., which is known as the "retail investor concentration camp", the first securities department of Lhasa Tuanjie Road, Oriental Fortune Securities Co., Ltd., and other famous hot money seats have been on the list many times.Source: Opening
In addition, from February 24 to March 8, there were institutional games in Rendong Holdings . Wind data shows that on February 24, one agency's dedicated seat bought 15.53 million yuan, ranking second seats; the other agency's dedicated seat sold 6.2 million yuan, ranking third seats.
htmlOn February 26, an institution bought 28.36 million yuan in special seats, ranking first; the hot money Oriental Fortune Securities Lhasa Tuanjie Road Second Securities Branch bought 13.5 million yuan and sold 12.68 million yuan. htmlOn March 3, an institution bought 43.9 million yuan, ranking first place for a special seat, and sold 35.58 million yuan, ranking first place for a special seat.fundamentals are worrying
In 2020, Rendong Holdings also ushered in a highlight moment, with the stock price rising by as high as 283% from January 1 to November 19, 2020. On the evening of November 17, 2020, Rendong Holdings issued a notice of a change in the company's controlling shareholder and actual controller. A few days later, Rendong Holdings suddenly emerged from the continuous limit down trend. From November 25, 2020 to December 14, 2020, Rendong Holdings hit the limit for 14 consecutive trading days, and was called the "pig killing market".
data shows that Rendong Holdings is one of the large domestic comprehensive enameled wire product suppliers. Its original main business is the research, development, production and sales of enameled wires, high-precision copper pipes and other copper materials. In 2016, the company transformed its main business into third-party payment business through major asset restructuring, specifically Internet payment services and bank card collection business.
On January 29, 2021, Rendong Holdings released its performance forecast, expecting a net loss attributable to shareholders of listed companies of 280 million to 430 million yuan in 2020, from profit to loss. Rendong Holdings explained that the main reason for the performance changes was to make provisions for impairment of goodwill.
Industry insiders analyzed that if Rendong Holdings wants to move out of a downward trend, it depends not on stock price speculation but on the improvement of its main business. Investors should not blindly chase the rise, and beware of the reappearance of the "pig-killing market".
Shenzhen Stock Exchange previously issued a letter of concern
From February 18 to March 8, 2021, the share price of Rendong Holdings rose by 147.80%, and the increase during the period was second only to Bangxun Technology among A-share stocks.
htmlOn the evening of February 25, March 2 and March 4, Rendong Holdings issued three notices of abnormal stock trading, saying that the company did not find recent media reports that it may or has had a significant impact on the company's stock trading price; the company's current operating conditions and internal and external operating environment have not undergone major changes. htmlOn March 5, the Shenzhen Stock Exchange issued a letter of concern to Rendong Holdings . The letter of concern requires Rendong Holdings to explain whether the company's fundamentals have undergone major changes in its fundamentals, whether the recent stock price increase matches the company's fundamentals, and fully reminds of related risks.On the evening of the same day, the Shenzhen Stock Exchange announced that it would continue to focus on monitoring the " Rendong Holdings ", which had abnormal growth for many consecutive days, and take timely regulatory measures.
This article is from China Securities Journal
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