Since March, A-Shares have continued to decline, and Contemporary Amperex Technology Co.Limited(300750) ( Contemporary Amperex Technology Co.Limited(300750) . SZ), Kweichow Moutai Co.Ltd(600519) ( Kweichow Moutai Co.Ltd(600519) . SH), Wuliangye Yibin Co.Ltd(000858) ( Wuliangye Yibin Co.Ltd(000858) . SZ), representing “value investment belief”, have continued to fall, becoming the focus of the market again.
As of the closing on March 8, the declines of Contemporary Amperex Technology Co.Limited(300750) , Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) since March were 14.61%, 2.08% and 12.5% respectively. Since the beginning of this year, among the 42 stocks in Mao index, only China Yangtze Power Co.Ltd(600900) ( China Yangtze Power Co.Ltd(600900) . SH) has recorded an increase of 2.2%, while Eve Energy Co.Ltd(300014) ( Eve Energy Co.Ltd(300014) . SZ), Beijing Roborock Technology Co.Ltd(688169) ( Beijing Roborock Technology Co.Ltd(688169) . SH), China stock market news ( East Money Information Co.Ltd(300059) . SZ) and other 8 stocks have recorded a cumulative decline of more than 30%, and 37 stocks have lost the Shanghai index. Among the 24 stocks in the Nanjing composite sector, none recorded an increase, and 21 stocks lost to the Shanghai stock index.
At present, the risk of “group buying” of public funds is being released, and the net value of many funds has significantly retreated.
Statistics show that in just over two months this year, more than 500 funds have withdrawn by more than 16%. If calculated according to the relative previous high of the fund, more than 1000 funds withdraw by more than 30%.
“ningmao” fell together
On March 8, the main index of A-Shares continued to decline, and the Shanghai Composite Index fell 2.35% to close at 329353 points, hitting a new low since November 5, 2020; The gem index closed at 258299 points, a new low since October 27, 2020. The turnover continued to enlarge, showing a trend of both volume and price decline. More than 4300 stocks fell and less than 400 rose. The semiconductor sector, which took the lead in callback years ago, moved higher in the afternoon and became the only rising sector.
In the past two years, due to the highly consistent investment direction of public funds, Ning portfolio and Mao index have respectively interpreted the extreme market in the past two years, and the rapidly rising valuation overdraw the long-term performance. With the “pile up” of bad factors, the “group holding stocks” kill the valuation bear the brunt.
According to the data, since March, 42 stocks in Mao index sector have fallen by nearly 10% on average, with Eve Energy Co.Ltd(300014) leading the decline, with a decline of more than 20% Leading stocks in various industries such as Topchoice Medical Co.Inc(600763) ( Topchoice Medical Co.Inc(600763) . SH), Ecovacs Robotics Co.Ltd(603486) ( Ecovacs Robotics Co.Ltd(603486) . SH), Goertek Inc(002241) ( Goertek Inc(002241) . SZ), Jiangsu Hengli Hydraulic Co.Ltd(601100) ( Jiangsu Hengli Hydraulic Co.Ltd(601100) . SH) all fell by more than 15%.
On March 7, Kweichow Moutai Co.Ltd(600519) share price fell by 4.13% in large volume, which was close to falling below 1700 yuan, the lowest level in five and a half months. Or to show investors confidence in performance growth, the company disclosed monthly sales data for the first time in its history that night. The announcement said that after preliminary accounting, from January to February this year, the company achieved a total operating revenue of about 20.2 billion yuan, an increase of about 20% year-on-year; The net profit attributable to the parent company was about 10.2 billion yuan, a year-on-year increase of about 20%.
The average number of lithium battery stocks rose by – 13.79% and fell by – 79.57% respectively. Leading stocks of high nickel ternary materials Ningbo Ronbay New Energy Technology Co.Ltd(688005) ( Ningbo Ronbay New Energy Technology Co.Ltd(688005) . SH) fell 29.36% Tianqi Lithium Corporation(002466) ( Tianqi Lithium Corporation(002466) . SZ), Yunnan Energy New Material Co.Ltd(002812) ( Yunnan Energy New Material Co.Ltd(002812) . SZ), Sunwoda Electronic Co.Ltd(300207) ( Sunwoda Electronic Co.Ltd(300207) . SZ) and other materials and battery head enterprises fell by more than 18%.
Fund conglomerates continued to fall in large quantities, leading to a sharp retreat in the net value of relevant funds, and relevant topics were re listed on the microblog hot search.
\u3000\u3000 “The overall market is not very good. Almost all negative emotions are squeezed together, and the external factors can not be ignored. Before this round of market decline, inflation concerns and steady growth have always been the main line of market transactions, but the market is more worried about the continuous rise of production costs caused by the” high fever “of inflation, which will put pressure on economic growth. Therefore, even if the two cities are in a state of crisis The annual report and performance express focus on the time point of disclosure. No matter how good the performance in the past can bring emotional support, overvalued stocks may face a “double kill” of profit valuation. ” A private placement person in East China told the first financial reporter.
the seller once sang: Maotai of 3000 yuan and Contemporary Amperex Technology Co.Limited(300750) of 900 yuan
As the market fell, northbound capital also accelerated its withdrawal from “price investment shares”. On March 8, northbound capital again sold a substantial net of 8.7 billion yuan, Contemporary Amperex Technology Co.Limited(300750) was sold a net of 2.631 billion yuan, and foreign capital sold a net of Contemporary Amperex Technology Co.Limited(300750) more than 4 billion yuan in the past six days.
On the one hand, “smart money” withdrew from the battlefield; On the other hand, the seller is still singing Contemporary Amperex Technology Co.Limited(300750) and other leading stocks.
On January 29 and February 14 this year, Soochow Securities Co.Ltd(601555) published two Contemporary Amperex Technology Co.Limited(300750) research reports, and believed that the electrification trend was clear, the rise of China’s lithium battery leader continued to be more optimistic about the electric vehicle leader, and the target price of “ningwang” was 905.8 yuan, which was the highest target price given by various securities companies since last year. Among them, an article entitled “not afraid of floating clouds to cover your eyes, only because you are at the highest level” was labeled “hot” on the research platform.
As of the latest closing date (March 8), Contemporary Amperex Technology Co.Limited(300750) reported 455.45 yuan / share, a cumulative pullback of 34% from the historical highest price (692 yuan / share), and the company also recorded its first negative annual line since its listing in 2018. This means that Soochow Securities Co.Ltd(601555) believes that Contemporary Amperex Technology Co.Limited(300750) share price still has nearly double the rising space.
An interesting phenomenon is that with the continuous correction of Contemporary Amperex Technology Co.Limited(300750) share price, the target price given by various institutions has repeatedly hit new highs. Since late August last year, Soochow Securities Co.Ltd(601555) power new team has given Contemporary Amperex Technology Co.Limited(300750) target price for a total of six times, with a range of 733 ~ 905.8 yuan.
Not only Soochow Securities Co.Ltd(601555) , since February, China Merchants Securities Co.Ltd(600999) , Citic Securities Company Limited(600030) , Huatai financial holding and other institutions have released the bullish Research Report of Contemporary Amperex Technology Co.Limited(300750) , and the target price range is 722 yuan ~ 770 yuan China International Capital Corporation Limited(601995) also gave a target price of 800 yuan in August last year.
whether Contemporary Amperex Technology Co.Limited(300750) can fulfill the target price of 900 yuan is still unknown, but the case of the seller singing the target price but not fulfilling it is still fresh in my mind.
As early as February 10 last year, when the Kweichow Moutai Co.Ltd(600519) share price hit a record high, the view that Citic Securities Company Limited(600030) supports the target price of Kweichow Moutai Co.Ltd(600519) 3000 yuan caused many disputes. Since then, Kweichow Moutai Co.Ltd(600519) continuous correction, the lowest fell to 1525.5 yuan, 41.9% higher than the highest point in history. As of the latest closing date, Kweichow Moutai Co.Ltd(600519) share price was reported at 1753.2 yuan, and the target price of 3000 yuan was out of reach in the short term.
“We learned the risk of public offering focusing on a track or a leader last year. From the situation of individual stock price falling and breaking, the ‘killing more’ killing valuation is not over, such as quantitative passive selling, private fund withdrawal triggering the closing warning line, etc.” A senior market person told reporters.
According to the data of fund heavy positions in 2021 annual report, there are 1651 funds with heavy positions Contemporary Amperex Technology Co.Limited(300750) of which the fund with the largest number is the theme of ABC new energy. The current scale of ABC new energy theme is 28.752 billion yuan, and the fund has withdrawn 18.78% in recent three months.
