One side is heavy debt, the other is the soaring stock price! The recent Yango Group Co.Ltd(000671) shareholders are in this strange atmosphere of “pain and happiness”.
On March 30, Yango Group Co.Ltd(000671) announced that 80 million shares of the company (accounting for 1.93% of the total share capital of the company) held by the company’s third phase employee stock ownership plan had been sold through centralized bidding.
Previously, according to public information, as of March 28, 2022, Yango Group Co.Ltd(000671) former “White Knight” Taikang Life Insurance has reduced its total holdings of Yango Group Co.Ltd(000671) tradable shares with unlimited sales conditions through block trading and centralized bidding, accounting for 2.12% of Yango Group Co.Ltd(000671) total share capital, which has exceeded half of the planned reduction in this reduction plan.
From March 17 to March 28, Yango Group Co.Ltd(000671) pulled out 7 trading limits within 8 trading days, with a cumulative increase of more than 100%. Who is “stir frying” Yango Group Co.Ltd(000671) ? Who gave Yango Group Co.Ltd(000671) ESOP and Taikang Life the opportunity to “take the opportunity to drop the bag”? Market analysts believe that the probability of hot money participating in speculation is high.
Yango Group Co.Ltd(000671) exposure of overdue payment of multiple debts
Over the past month, Yango Group Co.Ltd(000671) has incurred several overdue debts, including domestic and foreign bonds.
On March 28, Yango Group Co.Ltd(000671) announced that it failed to pay the principal and interest of “sunshi5.301/11/22” (xs2281349618), “sunshi10250318/22” (xs2008157856) and “sunshi8.251125/23” (xs2122380822) of overseas bonds on schedule. Some media said that the overdue of these three debts involved about US $50 million.
In addition, “19 Yango Group Co.Ltd(000671) ppn001”, a private placement bond of RMB 500 million and coupon of 7.5% issued by Yango Group Co.Ltd(000671) 2019, also failed to pay the principal and interest on March 22, 2022. The investment involved is about 537.5 million yuan.
Yango Group Co.Ltd(000671) said that the above matters may trigger the relevant terms of other domestic financing instruments. The company will hold a holder meeting in accordance with relevant regulations and continuously evaluate the impact of the above matters on the company’s law, finance and operation. In order to resolve the company’s debt risk, the company is fully coordinating all parties to actively raise funds and discuss various ways to solve relevant problems.
Yango Group Co.Ltd(000671) said that with the strong support of local governments and the active coordination of financial regulators, the company will formulate short, medium and long-term comprehensive solutions to actively solve current problems.
Previously, on March 18, Yango Group Co.Ltd(000671) failed to pay the interest of overseas bonds on schedule, resulting in the accelerated maturity of its debt financing instruments “17 Yango Group Co.Ltd(000671) mtn001”, “17 Yango Group Co.Ltd(000671) mtn004”, “20 Yango Group Co.Ltd(000671) mtn001”, “20 Yango Group Co.Ltd(000671) mtn003”, and also failed to obtain the exemption from the cross protection provisions of the above accelerated maturity bonds, with a cumulative overdue principal and interest of RMB 5.028 billion.
On February 18, Yango Group Co.Ltd(000671) announced that it failed to pay interest on two overseas bonds (xs2100664544) and overseas bonds (xs2203986927) within the 30 day exemption period (i.e. February 15, 2022), about US $272625 million.
Yango Group Co.Ltd(000671) disclosed on February 19 that the company’s interest bearing liabilities totaled 84.938 billion yuan by the end of September 2021. Among them, the interest bearing debt due within one year was 24.798 billion yuan, accounting for 29.20%; The interest bearing debt due within 1-2 years is 36.567 billion yuan, accounting for 43.05%; The interest bearing debt due in 2-3 years is 17.148 billion yuan, accounting for 20.19%; The interest bearing debt due for more than 3 years was 6.425 billion yuan, accounting for 7.56% Yango Group Co.Ltd(000671) interest bearing debt maturing within 1 year and 1-2 years accounts for a relatively high proportion, exceeding 70%, and there is a certain pressure of centralized cashing.
who is stir frying Yango Group Co.Ltd(000671) ? Hot money or behind the scenes
Market analysts believe that behind the recent sharp rise of Yango Group Co.Ltd(000671) share price, it is likely that hot money is hyping.
Public information shows that Yango Group Co.Ltd(000671) has been on the dragon and tiger list for seven consecutive trading days since March 21. Relevant information shows that during this period, many well-known hot money seats, including Huaxin securities Shenzhen Branch, Everbright Ningbo Jiefang South Road, East Asia Qianhai securities Shenzhen Branch and Dongcai Lhasa business department, have successively entered Yango Group Co.Ltd(000671) .
Why do hot money like Yango Group Co.Ltd(000671) ? Market analysis has the following points:
I. industry fundamentals are expected to improve.
Although some real estate enterprises have great debt repayment pressure in 2022, the real estate policy has been blowing vigorously in the past six months, and the industry is expected to reverse. In mid March, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. The meeting required that real estate enterprises should timely study and put forward effective solutions to prevent and resolve risks, and put forward supporting measures for the transformation to a new development model. It can be said that the rescue measures proposed by relevant departments have reversed the pessimistic expectations of the market for indebted real estate enterprises to a certain extent.
II. Some analysts believe that the fund’s pursuit of Yango Group Co.Ltd(000671) is also related to the acceptable asset quality of Yango Group Co.Ltd(000671) .
Yango Group Co.Ltd(000671) has been deeply cultivated in the first and second tier cities for many years. According to the semi annual report data, as of the first half of 2021, Yango Group Co.Ltd(000671) accumulated land reserves totaled 437132 million square meters, of which the first and second tier cities are expected to account for 75.52% of the value of goods for sale in the future. Yango Group Co.Ltd(000671) is attractive to those large enterprises with the intention of M & A.
Market participants are not optimistic about the trend of Yango Group Co.Ltd(000671) after this sharp rise. They believe that Yango Group Co.Ltd(000671) debt pressure is huge, and it will take some time to restore its “hematopoietic” function, and it is normal for hot money to fall into the bag quickly after a lot of speculation. If there is no capital to push up in the future market, it is difficult to continue the temporary scenery of Yango Group Co.Ltd(000671) stock price.
Yango Group Co.Ltd(000671) 30 a block transaction was concluded
Public information shows that on Yango Group Co.Ltd(000671) 3 March 30, there was a transaction on the block trading platform, with a turnover of 35.867 million shares and a transaction amount of 130 million yuan. The transaction price of the block transaction was 3.63 yuan, which was 5.96% lower than today’s closing price. The buyer’s business department of this transaction is Guotai Junan Securities Co.Ltd(601211) Shanghai JIANGCHANG Road Securities Business Department, and the seller’s business department is dedicated to the organization.
According to further statistics, 9 block transactions have occurred in Yango Group Co.Ltd(000671) total in recent three months, with a total turnover of 390 million yuan.
According to the statistics of securities times · databao, in terms of the two financing data, Yango Group Co.Ltd(000671) the latest financing balance was 511 million yuan, an increase of 130 million yuan or 34.09% in the past five days. In terms of capital dynamics in the north direction, Shenzhen Stock connect recently held Yango Group Co.Ltd(000671) 250075 million shares, a decrease of 5.5224 million shares in the past five days, a decrease of 18.09%.
On the secondary market, on March 30, Yango Group Co.Ltd(000671) closed at 3.86 yuan / share, up 0.78%, with a daily turnover of 29.13% and a turnover of 4.66 billion yuan. According to the data of securities times and databao, the net inflow of main funds throughout the day on the 30th was Yango Group Co.Ltd(000671) 267 million yuan. The stock rose by 10.92% in the past five days, and the total net outflow of funds in the past five days was 175345 million yuan.
