On the morning of June 6, the adjustment momentum of the A-share market after new year’s day continued, and many sectors such as wine making, medical care, agriculture, forestry, animal husbandry and fishery fell sharply. The share price of the first high priced stock Kweichow Moutai Co.Ltd(600519) in the two cities fell back below 2000 yuan.
The always popular concept of the meta universe has also suffered a setback.
The A-Shares of China Mobile on the next day of listing also showed a downturn, but nearly one million hands paid to protect the market. If all transactions were completed, the total funds involved would be as high as more than 5 billion yuan.
The decline of Hong Kong stocks also continued, but the decline of many technology weights has slowed down.
In addition, U.S. stocks also fell sharply overnight. The Dow index fell to 1.07%, the S & P 500 index fell 1.94%, and the NASDAQ index fell more than 3%. On the same day, the minutes of the December monetary policy meeting released by the Federal Reserve suggested that interest rates should be raised earlier and faster, and some policymakers began to reduce their balance sheet shortly after supporting the interest rate increase for “quantitative tightening”.
A-share adjustment continued, and Maotai’s share price fell below 2000 yuan
The A-share market continued to adjust this morning. The major indexes went down again. The Shanghai composite index once fell more than 20 points, and the Shenzhen Component Index, gem index and Kechuang 50 index all fell more than 1%.
Industry classification, wine and other sectors led the decline. The first high priced stock Kweichow Moutai Co.Ltd(600519) in the two cities fell below 2000 yuan, with an intraday decline of more than 4% and broke through the annual line.
On January 5, the Maotai renyin Lunar New Year of the tiger wine press conference was held in Guiyang international ecological Conference Center. The highly anticipated renyin Lunar New Year of the tiger wine was officially released and listed. At this year’s lunar new year tiger wine press conference, four brands of Maotai launched five lunar new year tiger wines, 53% vol 500ml Kweichow Moutai Co.Ltd(600519) wine (renyin year of the tiger) and 53% vol 375ml respectively × 2 Kweichow Moutai Co.Ltd(600519) liquor (year of the tiger), 53% vol 500ml Maotai Prince liquor (year of the tiger), 53% vol 2.5L Guizhou Daqu (year of the tiger), and 53% vol 500ml Lai Mao liquor (year of the tiger).
The market value of Luzhou Laojiao Co.Ltd(000568) with a market value of more than 300 billion yuan once plummeted by about 5%.
For the judgement of the industry trend, the research opinion of Minsheng Securities believes that Baijiu is entering the “third growth” stage. Consumption upgrading is a long-term trend. The characteristics of strong differentiation and high concentration are obvious, the big cycle is weakening, the small cycle is more related to the industrial policy, and the fast expansion of the second high price and the thousand yuan price segment is further valued. The sub high-end price is further broken down to 500-800 yuan new high end. 300-500 yuan traditional secondary high-end.
In terms of the principles and methods for selecting the target in 2022, Minsheng Securities believes that demand is the program, and under the expectation of weakening epidemic constraints, verify the transmission factors of consumption scenario recovery and price increase, and select high-quality leaders and high growth tracks around the triangle of landscape, certainty and Valuation:
First, we should clarify the “change” and “invariance” of liquor industry before we know the way forward: the nature of Baijiu‘s social attributes has not changed. (the trend of concentration and upgrading of Baijiu has no change, and the special attributes of wide price band, high brand barrier and stock appreciation remain unchanged. What has changed is the overall jump in consumer prices brought about by the increase in residents’ disposable income, as well as the optimization and improvement of marketing model.
Second, adhere to the decision-making method of “brand, good business and management efficiency” in the fundamental triangle, in which the improvement of management efficiency is an important support for judging the inflection point of enterprise fundamentals, and pay attention to the equity incentive, employee stock ownership and other high-quality development driving factors brought by the empowerment of enterprise governance improvement and the three-year action plan for state-owned enterprise reform (2020-2022).
Third, the hot sauce and liquor accelerated the structural expansion and differentiation of the industry, especially the growth of 300 + times of high-end prices. The hot sauce flavor originated from Maotai fever, which is the internal requirement for the upgrading of consumer demand. Relying on the standardized discourse system and channels of production areas and high gross profit, it completed the brand echelon of “one super multi strong + new head camp” in three years with the support of capital; Sauce wine has changed from “channel fever” to “consumption fever”, and the regional “sauce” will continue in the future.
Fourth, historically, the consumption tax has extracted profits from some industries in the short term, accelerated the clearance of backward production capacity in the long term, and fully benefited brands with high bargaining power, and increased the concentration.
In addition to the brewing sector, medical care, agriculture, forestry, animal husbandry and fishery, securities companies and other sectors also fell significantly.
Brokerage stocks plunged sharply during the session, Orient Securities Company Limited(600958) once fell nearly 8%, and Gf Securities Co.Ltd(000776) , East Money Information Co.Ltd(300059) , China Greatwall Securities Co.Ltd(002939) , China Industrial Securities Co.Ltd(601377) fell one after another.
The steel sector rose sharply against the trend, Xinxing Ductile Iron Pipes Co.Ltd(000778) , Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) and other stocks soared.
In terms of concept sector, the concept of meta universe plummeted, Shunya International Martech (Beijing) Co.Ltd(300612) share price plummeted by more than 10%, and many stocks such as Shenzhen Zqgame Co.Ltd(300052) , Dalian Zeus Entertainment Co.Ltd(002354) plummeted.
It is worth noting that this morning, although the main indexes fell, the number of rising stocks in the two cities was more than that of falling stocks.
China Mobile A-Shares hold the issue price by one million to “protect the market”
On January 6, China Mobile’s A-share listing once fell to the issue price of 57.58 yuan the next morning, but nearly one million hands paid at this price for a long time, which means a strong sense of protection.
Yesterday, China Mobile’s A-share market narrowed its gains after opening sharply higher on the disk, and closed slightly higher on the same day.
China Mobile recently predicted the performance in 2021. It is estimated that the operating revenue in 2021 will be about 844.877 billion yuan to 852.558 billion yuan, with a year-on-year increase of about 10% to 11%; The net profit attributable to the shareholders of the parent company was about 114.307 billion yuan to 116.464 billion yuan, with a year-on-year increase of about 6% to 8%; After deducting non recurring profits and losses, the net profit attributable to shareholders of the parent company was about 107.285 billion yuan to 109.328 billion yuan, with a year-on-year increase of about 5% to 7%.
The night before yesterday, China Mobile announced that, in view of the completion of the issuance of RMB shares of the company, after the exercise period of the over allotment option for the issuance of RMB shares expires on February 7, 2022, and on the premise of complying with all applicable laws, regulations and rules, the company plans to repurchase Hong Kong shares on the stock exchange of Hong Kong under the repurchase authorization. The above plan has been approved by the board of directors. According to the announcement, the number of repurchased shares shall not exceed 2047548289 Hong Kong shares, equivalent to no more than 10% of the total issued Hong Kong shares of the company on the date of the 2021 annual general meeting. According to the Hong Kong Companies Ordinance, the Hong Kong shares repurchased by the company will be deemed to be cancelled at the time of repurchase.
the decline of Hong Kong stocks slowed temporarily
Hong Kong stocks also fell again this morning. The Hang Seng technology index once fell more than 1.7%, but later the decline narrowed, and the index once hit a new record low.
Many constituent stocks of Hang Seng technology index fell sharply. Wanguo data fell more than 7% during the session, and the share price hit a new low.
Byd Company Limited(002594) electronics also fell more than 7%, BiliBili fell more than 6%, and JD health fell more than 5%.
However, the share prices of several heavyweights tended to stabilize in the morning, and meituan turned up from decline. The stock fell more than 11% yesterday.
Alibaba’s Hong Kong stocks have been relatively strong recently, with an intraday rise of about 5% this morning.
Among the popular secondary new shares of Hong Kong stocks, Shangtang’s share price fell sharply for the second consecutive day. The stock just fell 15% yesterday. Shangtang’s share price doubled in the four trading days before its listing, but fell sharply in the last two days, staging a roller coaster market.
(Securities Times)
