On January 27, the stock price of "cheese grass" Shanghai Milkground Food Tech Co.Ltd(600882) fell by the limit four minutes after the opening. Although the limit was opened later, the share price was low all day and ended down 9.98%, only one penny from the limit price.
In the past two trading days, Shanghai Milkground Food Tech Co.Ltd(600882) touched the daily limit. On January 26, Shanghai Milkground Food Tech Co.Ltd(600882) shares fell by the limit in the afternoon, suddenly rose sharply in the last seven minutes before the closing, and finally fell 3.83%. That night, Shanghai Milkground Food Tech Co.Ltd(600882) released the performance forecast for 2021.
the performance is expected to be happy, and the share price fell
On the evening of January 26, Shanghai Milkground Food Tech Co.Ltd(600882) released the performance forecast for 2021. It is estimated that the net profit attributable to the parent company will be 140-180 million yuan in 2021, with a year-on-year increase of 136.26% - 203.76%; The net profit deducted from non parent company was 120-160 million yuan, with a year-on-year increase of 169.24% - 258.99%.
Generally speaking, the performance anticipation is good for the company's stock price. However, Shanghai Milkground Food Tech Co.Ltd(600882) fell instead. On January 27, Shanghai Milkground Food Tech Co.Ltd(600882) shares fell by the intraday limit and closed down 9.98%, which is the fourth consecutive trading day of sharp correction. Since December 9, 2021, Shanghai Milkground Food Tech Co.Ltd(600882) share price has been falling all the way, with a cumulative decline of more than 35%.
Why is it difficult to reverse the decline of share price due to the pre happy performance?
Analysts pointed out that compared with the market's previous prediction of the company's performance, the company's performance forecast did not meet expectations. According to the data, as of January 26, a total of 17 institutions have made forecasts on the company's performance in the six months. It is predicted that the average net profit in 2021 will be 297 million yuan, an increase of 400.76% over the previous year.
A shareholder said: "what you fry is what you expect. If you don't meet your expectations, you have to bye..."
picture source: stock bar
the largest Chinese equity fund also planted
Shanghai Milkground Food Tech Co.Ltd(600882) fell for more than a month, and Allianz China A-share fund, the world's largest Chinese equity fund, also fell.
According to the data, as of November 30, 2021, Allianz Shenzhou A-share fund held Shanghai Milkground Food Tech Co.Ltd(600882) 10718100 shares, which is the third largest shareholder of the company. If the current number of shares remains unchanged, Allianz China A-share fund has suffered heavy losses in Shanghai Milkground Food Tech Co.Ltd(600882) recently.
Allianz China A-share fund, owned by European capital giants, is the largest Chinese Equity Fund in the world. As of December 31, 2021, the scale of Allianz China A-share fund has reached US $12248.9 billion, equivalent to about 77.736 billion yuan.
In the third quarter of 2021, Allianz China A-share fund first appeared in the list of the top ten circulating shareholders of Shanghai Milkground Food Tech Co.Ltd(600882) . If Allianz China A-share fund has not reduced its holdings of Shanghai Milkground Food Tech Co.Ltd(600882) , as of the closing on January 27, the market value of its position is 444 million yuan. Compared with the market value of 595 million yuan at the end of the third quarter, it has shrunk by more than 25%.
In addition to this "Big Mac" Chinese stock base, UBS AG also appeared in Shanghai Milkground Food Tech Co.Ltd(600882) 's list of the top ten tradable shares. UBS group entered the top ten current shareholders of Shanghai Milkground Food Tech Co.Ltd(600882) in the first quarter of 2021 and increased its positions continuously in the second and third quarters. However, from the end of the third quarter of 2021 to November 30, 2021, UBS group reduced its holdings of 1.072 million shares and still held 8.426 million shares after the reduction.
early withdrawal of public funds
Shanghai Milkground Food Tech Co.Ltd(600882) has also been heavily held by public funds. However, according to the fund's four seasons report, many public funds have withdrawn.
As of June 30, 2021, a total of 39 funds held Shanghai Milkground Food Tech Co.Ltd(600882) , a total of 47.655 million shares, with a market value of 3.326 billion yuan.
However, by the end of the fourth quarter of 2021, only 19 funds had heavy positions Shanghai Milkground Food Tech Co.Ltd(600882) , holding 8.1293 million shares in total, with a market value of 455 million yuan, a decrease of 1.737 billion yuan over the end of the previous quarter.
Dong Chengfei, a well-known fund manager of the former Xingzheng Global Fund, bought Shanghai Milkground Food Tech Co.Ltd(600882) as early as 2019 and has always held it. During his tenure as the fund manager of Xingquan trend investment mix and Xingxin new vision flexible fund, the two funds always appeared in the list of the top ten current shareholders of Shanghai Milkground Food Tech Co.Ltd(600882) . In the past two years, Xingquan trend investment has been mixed, Xingxin new vision has been flexible, and its position in Shanghai Milkground Food Tech Co.Ltd(600882) has changed one after another, but the total number of shares held has remained at about 2.5 million shares. At the end of the third quarter of 2021, the two funds held 2584000 shares in total, occupying the third and fourth largest circulating shareholders of Shanghai Milkground Food Tech Co.Ltd(600882) .
However, the fourth quarter report of the fund in 2021 shows that after Dong Chengfei resigned as the manager of Xingquan fund, Shanghai Milkground Food Tech Co.Ltd(600882) is no longer among the top ten heavy positions of the above-mentioned fund.
