Citic Securities Company Limited(600030) rated Yong'an futures as sold, and then Yong'an futures fell sharply. Investors said Lai Citic Securities Company Limited(600030) , which really wronged Citic Securities Company Limited(600030) . A-share investors are used to the research report that stocks are bullish, and it is uncomfortable to be slightly bearish, but this is not normal.
If the weather forecast says it will rain tomorrow, and then it does rain, will someone blame the weather forecast for saying it rained? Most people don't. But Citic Securities Company Limited(600030) said that the share price of Yong'an futures was too high, and investors said that Citic Securities Company Limited(600030) maliciously short, which made no sense.
Citic Securities Company Limited(600030) after making the right judgment, there are still investors who don't buy it. The reason is actually very simple. Investors lose money. Investors bought Yong'an futures stock. They originally hoped that the stock price would continue to rise, and then they could profit from it. However, contrary to their wishes, the stock price of Yong'an futures fell, so investors were locked up or cut out, However, investors always like to find a reason for the decline of stock prices, so they found that the Research Report of Citic Securities Company Limited(600030) came to the conclusion that Citic Securities Company Limited(600030) was maliciously short.
In fact, it is impossible for the research report to write down the stock price. There was such a story. A researcher sold the research report to the fund company after studying the listed company, so the fund managers bought stocks one after another, and the stock price rose all the way. He thought he did have Buffett's level and resolutely resigned to become a private fund manager. After he successfully bought stocks according to his research, he found that the stock price would not rise, and the total loss was heavy. This is because it is not the research report that makes the stock price rise, but a large number of fund purchases.
Then the selling rating of Citic Securities Company Limited(600030) will not directly lead to the decline of share price, and big funds also believe that the decline of share price will occur only when the share price of Yong'an futures is too high. Therefore, the Research Report of Citic Securities Company Limited(600030) has no ability to push the stock price of Yong'an futures to fall. There is only one reason for the stock to fall, that is, the return of value.
In terms of the fundamentals of Yong'an futures, the company is indeed a good company and has great advantages in the futures industry. Although the futures company has received a large amount of raised funds after listing, many businesses must also be operated in compliance. The impact of compliance operation is that it brings uncomfortable feelings to customers. In the past, many customers can't get the non-standard benefits, This is very detrimental to the competitive level of customers. For example, the first A-share listed futures company Nanhua Futures Co.Ltd(603093) , the highest price at the time of listing was 33.86 yuan, the share capital was not expanded, and the current share price is only 13.61 yuan. Therefore, the trend of futures companies after listing may not satisfy investors.
Therefore, it is said in this column that the root cause of the decline in the share price of Yong'an futures is not the Research Report of Citic Securities Company Limited(600030) , but its overvaluation. Of course, the Research Report of Citic Securities Company Limited(600030) itself has a certain influence, and it is possible for large funds to operate accordingly, but this is at most a fuse, even if there is no research report of Citic Securities Company Limited(600030) , Finally, the stock price of Yong'an futures will return to a reasonable level, which is the law of value. Therefore, this column says that the pot of the decline of Yong'an futures should not be carried by Citic Securities Company Limited(600030) . Investors should also understand that stock prices rise and fall, and how empty the research report is. Simple buy rating is not scientific.
(Beijing business daily)
