See also the mutual connection of chief analysts of securities companies.
recently, the chief electronic analyst of a securities firm released an in-depth report on BOE and Sanan Optoelectronics Co.Ltd(600703) in an institutional group late at night, which aroused the dissatisfaction of the chief electronic analyst of a securities firm under an AMC, and directly implied that the Research Report of the securities firm was not original and belonged to "copying".
Industry insiders believe that the competition among seller analysts of securities companies is becoming more and more fierce, and some analysts' behaviors such as increasing exposure and rubbing traffic are not excluded. However, as a "semi-public" image of seller analysts, we should follow the principle of compliance and avoid some extreme remarks.
The Chinese reporter of securities companies found that the phenomenon of "interconnection" between the above-mentioned sellers and sellers of securities companies is not rare. In recent years, there are differences of views on the event between sellers and sellers of securities companies, between securities companies and listed companies and people in the industry.
two chief electronic analysts "interconnection"
because the content of the research report was original or not, the two chief electronic analysts of securities companies pinched each other.
On December 9, in the wechat group of "silicon carbide semiconductor exchange group", the chief electronic analyst of a securities firm registered in Central China forwarded two in-depth reports of BOE and Sanan Optoelectronics Co.Ltd(600703) and added corresponding text comments.
Unexpectedly, the chief electronic analyst of an AMC securities firm directly opened the connection, "after several days of price narrowing in the BOE group, other sellers finally followed up. As soon as the share price rose, a pile of comments came out immediately."
In the face of sarcasm, the chief of securities electronics in Central China countered: "some people never write reports and chat in the group 24 hours a day.".
Subsequently, the electronic analyst of AMC securities firm further said, "it's a great honor to be copied by other friends recently. From Sanan Optoelectronics Co.Ltd(600703) , to Phenix Optical Company Limited(600071) , to BOE, follow suit. In fact, I still suggest that you can dig more at the bottom, don't see the announcement, see the rise, see the trend and push again."
The AMC securities firm's electronic analyst refers to the friendly companies, which implies the above Central China securities companies. Subsequently, analysts of central China securities companies said, "as an analyst, the report is the first. It is recommended to write more formal reports." AMC brokerage analysts replied, "there are always a lot of reports in bitun. It's good to catch up with the trend."
finally, the corresponding "mutual choking" between the two sides continued until the early morning of December 10. Analysts of central China securities companies finally said, "compliance first, we only send formal reports and never pretend to force." AMC brokerage analysts said with a smile, "it's better to be more original. Don't copy your homework all the time." In the face of further rhetoric, analysts of central China securities companies did not reply.
Subsequently, after the "mutual connection" between the two sides, AMC securities analysts also sent a circle of friends, which was similar to the debate in the group, implying that the targets such as Sanan Optoelectronics Co.Ltd(600703) , Phenix Optical Company Limited(600071) , BOE and so on were "copied" by friends.
According to the statistics of Chinese journalists from securities companies, since December, Sanan Optoelectronics Co.Ltd(600703) has had 18 research reports. In addition to the above two securities companies, the reporting securities companies also include Galaxy Securities, Dongguan securities, Soochow Securities Co.Ltd(601555) , Haitong Securities Company Limited(600837) , Boc International (China) Co.Ltd(601696) , Shenwan Hongyuan Group Co.Ltd(000166) .
Specifically, in the research report, the above-mentioned analyst of central China securities firm issued an in-depth report on Sanan Optoelectronics Co.Ltd(600703) wolfspeed is sailing in China on December 6. On December 7, AMC securities firm issued a report on Sanan Optoelectronics Co.Ltd(600703) releasing independent bonding chip four tools to accelerate the breakthrough of high-end products. Previously, on November 7, the analyst also released the weekly report of the electronics industry, referring to Sanan Optoelectronics Co.Ltd(600703) .
In addition, from the perspective of AMC brokerage analysts and central China brokerage analysts' new media wechat public platform, central China brokerage analysts update faster, and the reading of research articles is much higher than the above AMC brokerage analysts.
According to relevant insiders, there has been no Wuxi Online Offline Communication Information Technology Co.Ltd(300959) communication between the two analysts in the past two years. However, it is not the first time for AMC securities analysts to "choke" the relevant reports and personnel of central China securities companies. Previously, there have been many "fires" in various industry communication groups. Previously, the relevant analysts of central China securities companies did not respond until this time.
the "interconnection" of analysts over the years
in recent years, it is not the first time that securities analysts have failed to see each other, and it is not limited to the seller's securities companies. The differences of opinion between securities analysts, listed companies and industry people have been exposed to the outside world for many times.
For example, in November this year, the two securities analysts had differences on the investment in the photovoltaic industry chain.
Since May this year, the photovoltaic index has been rising all the way. Many sellers believe that the photovoltaic index will be "the strong is always strong" in the cross-year market, and many research reports have been released.
However, on November 25, China Merchants Securities Co.Ltd(600999) chief strategic analyst Zhang said on the social platform that there were differences in the market prediction logic whether high silicon wafer prices were bad or good for the photovoltaic industry.
Zhang's speech soon attracted the "return" of Zhu, chief analyst of China Securities Co.Ltd(601066) new energy. Zhu said he was firmly optimistic about photovoltaic investment opportunities and believed that selling photovoltaic now would buy it back at least 30% higher cost.
when talking about the "mutual connection" of analysts, it is even more exaggerated in 2019. In November 2019, Guosheng securities wrote an 80 page bearish report to pinduoduo and gave a target price of $13.8 (currently $35), which caused quite a stir in the circle. The reasons include that pinduoduo users are subsidized and difficult to retain.
Subsequently, the analyst of Sinolink Securities Co.Ltd(600109) immediately replied to an article "I don't hate people who are bearish and spell a lot; I hate people who don't work seriously". I think the data of the above securities companies are completely photographed. In the future, pinduoduo's total turnover will reach 1.5 trillion or 2 trillion, entering a period of steady growth. Maybe one day it will reach 3 trillion, maybe even greater!
In addition to the mutual harm between securities sellers, the differences between securities analysts and listed companies also occur from time to time.
In August this year, after Hangzhou Great Star Industrial Co.Ltd(002444) disclosed the semi annual report, China Securities Co.Ltd(601066) analyst Lu released a research report link in the wechat circle of friends, saying that he continued to recommend Hangzhou Great Star Industrial Co.Ltd(002444) and thought that the company's performance was excellent. However, he was "beaten in the face" by the Board Secretary of the listed company. He thought it was too radical and said frankly that "the company can't do it".
in addition, there have been mutual connections between buyer institutions and listed companies.
At the end of August last year, Xiang Lehong, chairman of lege, wrote in the wechat circle of friends, "lege doesn't welcome fund managers of Ping an asset management to invest in the company. Young people don't do their homework, old three and old four."
Then he wrote on his microblog, "I can't accept the bossy and condescending attitude of those post-80s and post-90s fund managers. You know nothing about the basic growth history of music and songs; you haven't been to music and songs for a survey..." And said that "fund managers of Ping an asset management are not welcome to invest in the company".
Zhang Liang, Ping an asset management investment manager of the survey Loctek Ergonomic Technology Corp(300729) , also responded in the circle of friends that he did go to the scene for research on August 28, and there was no so-called "no research on music and song". He also said that during the online survey on August 29, he asked two questions. Probably, the question was very bold. In the video, the chairman slammed the door out, and the questions that should be asked will be asked next time.
Industry observers believe that under the form of new media communication, the competition between sellers and sellers' analysts is becoming increasingly fierce, and the "mutual rejection" of analysts is gradually increasing, which sometimes ferments into public opinion. Under the current strict regulatory requirements for analysts, analysts, as "semi-public", also need to pay attention to their words and deeds and write in strict accordance with the compliance requirements Spread the report and try to avoid extreme words and deeds.
(brokerage China)
