One week after the year of the tiger, investors and fundamentalists fell so low that their mentality was about to collapse. In the current A-share market, the fund King feels that if there is no good, it will fall slightly, and when there is good, it will fall sharply. The unexpected data of the central bank on the 10th also failed to pull up a shares.
The gem has fallen 22% for two months without rebound since December 15. Netizens joked that the most expensive ski track in the world is the main falling wave of a shares, and the most expensive skateboard is the gem. Even if Gu ailing comes, he can only take the second place.
4000 A shares fell
Contemporary Amperex Technology Co.Limited(300750) fell more than 17% in a week
Today, the market fluctuated and fell, and the Shanghai and Shenzhen stock markets opened low and walked low. Coal, banking, infrastructure and other pro cyclical sectors strengthened against the trend, driving the Shanghai index to return to 3500 points for a short time, but market sentiment weakened in the afternoon, with the Shanghai index turning green and falling by more than 0.6%; Contemporary Amperex Technology Co.Limited(300750) fell sharply again, falling more than 5% in the late trading, dragging down the gem index diving by nearly 3%.
The stock index fell in intraday shock, then rose higher driven by the financial, real estate and other sectors, once broke through 3500 points, fell again in the afternoon, and closed positive for four consecutive days; The Shenzhen Component Index and the gem index fell sharply in the afternoon, and the gem fell by nearly 3%; The turnover of the two cities has been enlarged, with a full day turnover of about 990 billion yuan; There was a slight net inflow of funds from the north.
As of the closing, the Shanghai index fell 0.66% to 3462.95 points, the Shenzhen composite index fell 1.55% to 13224.38 points, the gem index fell 2.84% to 2746.38 points, and the Shanghai 50 index rose 0.83%; The total turnover of the two cities was 991.5 billion yuan, and the net purchase of funds from the North was 1.005 billion yuan.
The gem index fell 5.59% this week and Contemporary Amperex Technology Co.Limited(300750) fell 17.32% this week.
In addition, nearly 4000 companies fell.
Mr. fund checked all kinds of Mao's retreat from the high point, and the casualties were a little heavy!
securities companies sing empty Contemporary Amperex Technology Co.Limited(300750)
there is still significant room for decline in the future. It is recommended to ship every high
The chief economist of Capital Securities said in a document that the correction range of Contemporary Amperex Technology Co.Limited(300750) share price from the high point is not small, and whether it falls in place is the most critical issue at present. The question now is, Contemporary Amperex Technology Co.Limited(300750) will fall? How much more can you fall? The report believes that the future rise and fall of Contemporary Amperex Technology Co.Limited(300750) can be analyzed from the perspective of short-term market sentiment, with reference to the stock price trend of Kweichow Moutai Co.Ltd(600519) in 2021. Through fitting, it can be judged that the adjustment of Contemporary Amperex Technology Co.Limited(300750) may not be over, and there may still be 20% room for decline in the future. It is recommended to sell.
Here are their views:
We believe that the trend of Kweichow Moutai Co.Ltd(600519) in 2021 is closely similar to that of Contemporary Amperex Technology Co.Limited(300750) in 2022. Referring to the trend of Kweichow Moutai Co.Ltd(600519) , Contemporary Amperex Technology Co.Limited(300750) may not have a bottom in the short term, and it is preferred to ship at high prices.
Kweichow Moutai Co.Ltd(600519) is a consumption track and Contemporary Amperex Technology Co.Limited(300750) is a science and technology track. There are great differences in the logic and valuation of their stock prices. On the surface, it seems that the comparison between the two is different, but there are great commonalities behind the trend of their stock prices.
In recent years, value investment and track investment have become popular, Kweichow Moutai Co.Ltd(600519) and Contemporary Amperex Technology Co.Limited(300750) as representatives of the two major tracks of consumption and technology, have been sought after by the whole market, especially institutional investors, who ranked among the top two heavyweight stocks in the annual report of the fund in 2021. As the two are the red cards of the whole market, the research on the fundamentals of the two must be very comprehensive. Its impact on the stock price has long been reflected.
Since the change of fundamentals is small in the short term, it is more non fundamental factors that determine the short-term stock price, such as market microstructure, market sentiment and other variables. While Kweichow Moutai Co.Ltd(600519) and Contemporary Amperex Technology Co.Limited(300750) as the representatives of the two major tracks, they have too many similarities in these non fundamental factors. Although people can't walk into two rivers at the same time, the market's obsession with value investment and track investment, the operation mode of public funds and the reason of unchanged human nature make the stock price movements of the two have great similarities.
Meanwhile, Contemporary Amperex Technology Co.Limited(300750) faces a similar market environment as Kweichow Moutai Co.Ltd(600519) in 2021:
(I) rising logic has been challenged
(II) US bond yields rose sharply
(III) the share price is soaring and the track is highly crowded, resulting in negative feedback of killing more
On the whole, both are similar paths: due to various advantages, the market is sought after and seriously deviates from the current reasonable valuation. When the rising logic is greatly challenged, an external catalyst triggers the falling market.
We will standardize the high point of Kweichow Moutai Co.Ltd(600519) in 2021 and the high point of Contemporary Amperex Technology Co.Limited(300750) in 2022, and infer the future trend of Contemporary Amperex Technology Co.Limited(300750) from the trend of Kweichow Moutai Co.Ltd(600519) . From the fitting situation, the overall adjustment of Contemporary Amperex Technology Co.Limited(300750) has not ended, and there may still be obvious room for decline in the future. There may be a rebound in the process of adjustment, so it is recommended to ship every high.
If we fit the difference between the two and all a, the trend will be more obvious, and the callback from the high point of Contemporary Amperex Technology Co.Limited(300750) may not be over.
However, UBS believes that the recent decline of Contemporary Amperex Technology Co.Limited(300750) is due to the correction of the gem beta value in the sector rotation of growth stocks turning to value stocks. UBS is still optimistic about Contemporary Amperex Technology Co.Limited(300750) fundamentals. It points out that the recently updated fundamentals of Contemporary Amperex Technology Co.Limited(300750) are better than expected, and the revenue data of fiscal year 2021 is 30-40% higher than the consensus expectation. The management of the company attributed the strong revenue to: 1) the accelerated popularization of electric vehicles, the installation of energy storage, 2) the introduction of new capacity batteries, and 3) the reduction of the control cost ratio of operating costs. Despite some one-off projects, UBS still expects that there is a lot of room for revision of the consensus profit forecast for fiscal year Contemporary Amperex Technology Co.Limited(300750) 2022.
a real estate company plunged 80%
responded to the "flash crash": or an institution maliciously short and then buy
On the afternoon of February 11, Zhengrong real estate and Zhengrong service, listed companies in Hong Kong stocks, collapsed during the session. Among them. Zhengrong real estate once fell by more than 80% in the session, the largest decline on record, and the total market value fell from HK $16 billion to HK $2.97 billion; Zhengrong service also fell by more than 85%.
On the news side, there are rumors that Zhengrong will no longer redeem us $200 million of perpetual bonds as previously planned in March this year, and Zhengrong's foreign debt will be restructured.
For the above rumors, Zhengrong real estate responded to investors that the company would redeem us $200 million of perpetual bonds as originally planned. The relevant rumors are untrue. As for the sharp decline in share price, Zhengrong real estate said that today, some institutions may maliciously short and buy again, and the company is further understanding the reasons for the decline in share price, according to the financial associated press.
According to public information, Zhengrong real estate, established in July 2015, is a large comprehensive real estate developer in China, focusing on the development of residential properties, as well as the development, operation and management of commercial and comprehensive properties. It has invested in six major economic regions: the Yangtze River Delta, the Bohai rim, the central, western, Haixi and the Pearl River Delta.
medicine also collapsed
Today, the collective decline of pharmaceutical stocks became the main force in the market, with traditional Chinese medicine, covid-19 detection, cro and other sub sectors leading the decline.
finance and real estate soared
On the disk, major financial, real estate and other related sectors strengthened today
The 900 billion giant China Life Insurance Company Limited(601628) rose 7% throughout the day. Among the banking sector, Bank of Lanzhou rose the limit, Bank Of Chengdu Co.Ltd(601838) , Bank Of Nanjing Co.Ltd(601009) followed; Among the securities companies, Xiangcai Co.Ltd(600095) led the increase.
Galaxy Securities believes that the leading performance of the banking sector mainly benefits from the catalytic performance of the 2021 annual report exceeding expectations and the increase of market risk aversion, and the subsequent spring market is expected to continue. At present, the valuation of the banking sector has a good safety margin, and the allocation value of the sector is increasing.
The real estate related industrial chain rose sharply, and many stocks such as Tahoe Group Co.Ltd(000732) , Shenzhen New Nanshan Holding (Group) Co.Ltd(002314) , Zhengwei new material, Aucma Co.Ltd(600336) rose by the limit.
In terms of news, the supervision of pre-sale funds meets the unified national regulations, and the tight capital flow of real estate enterprises is expected to be alleviated; In January, the growth of credit and social finance achieved a "good start", and the increment of RMB loans and social finance in that month hit a record high in a single month. Shenwan Hongyuan Group Co.Ltd(000166) said that the credit social finance had a good start, and the real estate industry chain financing ushered in a warm winter. It is expected that the real estate investment will rebound from the bottom in the second quarter, and the probability of positive growth of about 1% in the whole year will increase significantly.
Have a nice weekend.
future analysis
Xiangcai Securities: Contemporary Amperex Technology Co.Limited(300750) what does the continuous sharp decline mean?
Yuanda: the stock index stops four times in a row, and the second bottom or start
Hexin investment consulting: the stock index continues to fall across the board, and the gem is in a bottomless rout after the festival
