“Counting from the east to the west” is another important strategic project in China after the “South-to-North Water Transfer”, “west to East power transmission” and “west to East Gas Transmission”. With the full launch of the project, the attention of the A-share market continues to upgrade. Statistics show that from February 17 to February 24, there have been 1721 investor inquiries about “counting East and counting West” on the interactive trading platform of Shanghai and Shenzhen Stock Exchange.
bring new opportunities to listed companies
In view of the investment opportunities brought by the launch of the “East digital calculation” project, Guo Liang, deputy chief engineer of the Institute of cloud computing and big data of China Academy of information and communications, said that we can pay attention to the development opportunities upstream and downstream of the whole industrial chain in the whole life cycle of the data center, such as data center, network, power supply and distribution equipment, refrigeration equipment, ICT equipment, data services and other markets, It is estimated that the construction of these data centers will drive social investment of more than 400 billion yuan every year.
According to the data, as of February 24, there were 34 concept stocks in the A-share market. Among them, 33 stocks rose from February 17 to February 24. Specifically, Capitalonline Date Service Co.Ltd(300846) increased by 90%; Six stocks including Shenzhen Dvision Co.Ltd(300167) , Hangzhou Cncr-It Co.Ltd(300250) , Nova Technology Corporation Limited(300921) , Hunan Creator Information Technologies Co.Ltd(300730) , Zjbc Information Technology Co.Ltd(000889) , Qitian Technology Group Co.Ltd(300061) all rose by more than 20%.
Capitalonline Date Service Co.Ltd(300846) said in the announcement of stock price changes: the golden development opportunity brought by the launch of the national strategy of digital economy development planning and resource allocation in the digital economy era, the “East number and West calculation” project, will be conducive to the future development of the company. In response to investors’ questions on the interactive platform, the company said that the company has nodes and 51 availability areas in 23 cities around the world to help enterprises expand their global business; As an important base of digital economy, IDC and cloud computing business of the company are developing rapidly under the great historical opportunity of the national launch of digital economy and the strategy of “counting from east to west”.
At the same time, “the construction of data center will drive the development of industrial chains such as it equipment manufacturing, information and communication, basic software and green energy.” The relevant person in charge of the high technology department of the national development and Reform Commission said.
“If affected by the policy, it is normal for relevant stocks to rise sharply. However, from historical experience, the so-called concept stocks will be hyped to a higher level in the short term, far exceeding the reasonable value, and then they will gradually fall back, and the differentiation is very obvious.” He Nanye, a special researcher of Suning Financial Research Institute, said in an interview with the reporter of Securities Daily that only a few leading stocks will stabilize in the later stage, but most stocks will fall by a large margin because of the ebb tide of hot money.
Chen Li, chief economist of Chuancai securities and director of the Research Institute, told reporters that the sharp rise of “counting East and counting West” concept stocks was subject to many speculation factors: first, the relevant layout of many companies began just after the introduction of the policy, which will not directly bring explosive growth in performance; Second, some of the existing concept stocks of “counting East and counting West” are data center enterprises, and the data center is an industry with long construction cycle and heavy assets. The performance growth depends on the scale of its data center and lacks the space for explosive growth of performance; Third, there is a phenomenon that some companies use concept speculation and shareholders cash out and reduce their holdings in concept stocks.
beware of listed companies forcibly rubbing hot spots
The collective rise of relevant concept stocks of “counting East and counting West” has also attracted the attention of regulators.
On February 18, Nova Technology Corporation Limited(300921) said that the promotion of the strategy of “counting East and counting West” will have a positive impact on the company. As soon as this statement was made, the company’s share price rose for three consecutive trading days, with a cumulative increase of 34.01%, while some shareholders took the opportunity to reduce their holdings and cash out. On the evening of February 22, the Shenzhen Stock Exchange issued a letter of concern to Nova Technology Corporation Limited(300921) , asking to explain the relationship between “counting from the east to the west” and the company’s business, and whether there was any speculation against the hot spots in the market. This is also the first concern letter issued by the exchange after the popularity of “counting East and counting West”.
Shenzhen stock exchange requires Nova Technology Corporation Limited(300921) to explain the reasons and basis for the company’s claim that “the vigorous promotion of the strategy of ‘counting from the east to the West’ will have a positive impact on the company”, whether the relevant statements are rigorous, accurate and complete, and whether there is a situation of actively catering to market hot spots and hyping the company’s share price, It is also required to give sufficient risk tips for relevant market hotspots in combination with the impact of the “counting East and counting West” strategy on the company’s business development.
“The focus of the exchange’s attention letter is to ask listed companies to explain how their main business cooperates with the ‘counting East and counting West’ project. Through the detailed description of listed companies, they can help investors understand how the policy helps the company and estimate the growth rate of the company, so as to give these enterprises a reasonable valuation and avoid excessive speculation by listed companies.” Chen Li said.
In the opinion of he Nanye, in the past two years, the supervision has also kept pace with the times and strengthened the timeliness of supervision. By issuing the attention letter, first, conduct more strict supervision on the hot spot behavior, beware of stock price changes, prevent follow-up speculation and maintain the daily trading order of the exchange; Second, implement the requirements of the new securities law, strengthen the information disclosure of listed companies involved in the hot spot of “counting East and counting West”, strengthen the understanding of market investors about the company, and prevent the interests of investors from being damaged.
Turning to the fermentation of the concept of “counting from the East and counting from the west” in the A-share market, how should investors distinguish? Chen Li said that investors should pay attention to the risk of this round of hot speculation. The core of investment should still focus on the quality of listed companies and avoid being trapped by following the trend and hyping the concept. At the same time, we should also pay attention to the upstream high-quality IT equipment, software and other suppliers. These companies have the advantages of technical barriers, deep moat and large performance growth space. Their products are also necessities for the construction of data center.
