The fixed growth of Western Superconducting Technologies Co.Ltd(688122) has attracted many well-known institutions to compete. JPMorgan Chase Bank, National Association, ubsag, e fund, Huaxia Fund and China Europe Fund all participated in the subscription quotation. After fierce competition, the final fixed issuance price was 88.39 yuan.
Institutions holding beauty may not be happy at present. In recent trading days, Western Superconducting Technologies Co.Ltd(688122) share price has been greatly adjusted, and its latest share price has fallen to 82.49 yuan on January 14.
interestingly, Wu Renhao, a senior general of Gaoyi assets, also participated in the purchase quotation, but was not allocated shares in the end. Feng Liu, another well-known investor of Gaoyi assets, has continuously reduced his position…
institutional participation Western Superconducting Technologies Co.Ltd(688122) fixed increase floating loss
Western Superconducting Technologies Co.Ltd(688122) mainly engaged in the R & D, production and sales of high-end titanium alloy materials, superconducting products and high-performance superalloy materials. For the fixed increase of Western Superconducting Technologies Co.Ltd(688122) , investors participated in the quotation on December 23 last year. From the perspective of subscription quotation, many well-known institutions want to take a share, including head public offerings of e fund, Huaxia Fund, China Europe Fund and Boshi fund, as well as well-known foreign institutions such as JPMorgan Chase Bank, National Association and ubsag. In addition, Gao Yiren Zhifu private securities investment fund managed by Wu Renhao also participated in the quotation.
From the final results, the announcement on the listing of fixed increase shares issued by Western Superconducting Technologies Co.Ltd(688122) on January 14 shows that many of the above-mentioned well-known institutions failed due to their low quotation, and CAITONG fund, Fushan investment Ruiyuan special opportunity phase 5 private securities investment fund, etc. were allocated relevant shares.
Specifically, the issue price of Western Superconducting Technologies Co.Ltd(688122) is 88.39 yuan, accounting for 120.73% of the base price. However, compared with Western Superconducting Technologies Co.Ltd(688122) the latest share price of 82.49 yuan, the fixed increase has been in a floating loss state.
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It is worth noting that Western Superconducting Technologies Co.Ltd(688122) is also Feng Liu’s heavy position stock, but he did not participate in the fixed increase. On the contrary, he was reducing his position one after another.
In the second quarter of 2021, Gao yilinshan No. 1 Yuanwang fund managed by Feng Liu became the top ten new shareholders of Western Superconducting Technologies Co.Ltd(688122) , holding 15 million shares; In the third quarter of 2021, Feng Liu reduced 5 million shares; In the fourth quarter of 2021, Feng Liu continued to reduce his holdings. As of November 30, 2021, the number of shares held by Gaoyi Linshan No. 1 Yuanwang fund decreased to 8 million shares.
From the latest shareholding situation, as of January 12, 2022, the number of shares held by Gaoyi Linshan No. 1 Yuanwang fund remained at 8 million shares. Combined with the analysis of Western Superconducting Technologies Co.Ltd(688122) stock price trend, it is found that Feng Liu probably reduced his shares in the process of Western Superconducting Technologies Co.Ltd(688122) stock price rise.
Since the beginning of 2022, Western Superconducting Technologies Co.Ltd(688122) share price has fluctuated. Judging from the inflow of foreign capital, as of January 14, the net sales of northbound funds exceeded 80 million yuan.
military industry sector opening adjustment
what are the future opportunities?
in fact, since 2022, not only the share price of Western Superconducting Technologies Co.Ltd(688122) has fallen, but the whole military industry sector has experienced a significant adjustment, and the military industry index has decreased by more than 12%.
Some fund managers may have adjusted the position structure. Taking Huaxia Xinghe as an example, almost all of its top ten heavy positions at the end of the third quarter of last year belong to the military industry sector, and their positions are relatively concentrated. According to the net value of Huaxia Xinghe fund, as of January 14, it has fallen by 5.11% this year, far lower than the actual decline of the military industry index. This means that Li Yan, the fund manager, may have adjusted his position. However, judging from Li Yan’s recent articles, he still pays high attention to military industry. Li Yan said that in 2022, we will focus on the military industry and real estate industry chain, as well as the post epidemic travel sector, including performing arts, tourism, catering, cinema, aviation hotel and other subdivided industries.
For the investment opportunities in the military sector, Wang Yichuan of Founder Fubon Fund said that the revenue space of the military sector in 2022 mainly comes from the investment return brought by performance growth. From two dimensions, the demand for aviation, aerospace and electronic equipment in the subdivided field of military industry may increase significantly, especially the scale effect and performance elasticity of aviation manufacturing enterprises should be paid enough attention; In all links of the military industry chain, middle and upper reaches enterprises are expected to achieve excess returns by increasing market share and penetration.
Chen Long of Penghua Fund said that the company has built an emotional index based on the CSI national defense index, which is called pH value. The lower the pH value, the lower the current sector sentiment. Now the latest pH value is about 11%. Historically, pH values below 20% are good participation ranges. In the later stage, the military industry has a series of event catalysis, including the performance forecast of the annual report, which can be appropriately arranged to the left in the current position.
