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4 maritime concept stocks have won the favor of northbound funds, and some maritime concept stocks are optimistic about institutions.
The Shenzhen Stock Exchange does not agree to *ST's application for reinstatement of listing
After being abandoned by the sponsor, *ST's road to resuming listing was once again frustrated, this time from the Shenzhen Stock Exchange. Yesterday evening, the Shenzhen Stock Exchange issued an announcement showing that the sponsor of *ST Deao, Fed Securities, no longer provides recommendation services for the company to resume listing, so the company does not comply with the provisions on suspending the resumption of listing of listed companies, and the Listing Committee has not approved the company's application for resumption of listing.
Previously, due to the negative audited net assets in 2017 and 2018 for two consecutive years, *ST Deao suspended trading from April 29, 2019, which has been suspended for more than 1,000 days. According to the data, *ST Deao still has 24,300 shareholders, and the latest total market value is 835 million yuan.
The company submitted an application for resumption of listing in July 2020, and just before the seventh day of the Lunar New Year, the company received a notification letter from the sponsoring company, and no longer provided recommendation services for the company to resume listing due to the company's continuous losses and signs of discord between the company's investors and major shareholders.
In addition to performance, a lawsuit involving two listed companies, *ST Deao, ST Zhongjie and Xinchao Energy, has also added many obstacles to the resumption of listing. On February 7, the company disclosed that it had received a civil judgment, and the three companies needed to bear the liability for compensation for the part of the unpaid debts of the guaranteed object within the range of 1.586 billion yuan, and also had to bear the litigation-related costs of 7.9786 million yuan. The company said it would file an appeal in the near future. There is uncertainty about the impact on the company's profit for the current period or after the litigation until the litigation is concluded
In replying to the Letter of Concern from the Shenzhen Stock Exchange, the Company believed that it still had the conditions to resume listing, and the Company's receipt of the Civil Judgment would not affect the accounting treatment in 2019. However, according to the latest announcement, the company's net profit attributable to the mother in 2020 and January to September 2021 is negative, and it is expected that it will continue to lose money for the whole year of 2021, and there is great uncertainty about the ability to continue to operate, and the Shenzhen Stock Exchange believes that it has not met the conditions for resuming listing.
Sea freight prices are expected to remain high this year
According to CCTV Finance, due to the imbalance between supply and demand caused by the global epidemic, the price of maritime transport has continued to soar for two years. According to public data from the Shanghai Airlines Exchange, the "arrival and departure service accuracy rate" of the global backbone route from Asia to the west coast of the United States in January was only 11%, which continued to remain at a low level. At present, the Ningbo export container freight rate index has risen by more than 74% compared with the same period last year, which is equivalent to more than 4 times that of the same period in 2020. Poor supply chain has exacerbated the contradiction between supply and demand, and industry insiders have judged that from the perspective of maritime demand and capacity supply, it is expected that the overall freight rate in 2022 will remain at a high level.
Recently, the Baltic Dry Bulk Freight Price Index rebounded from the bottom, the latest is 1968 points, up 51.85% from the lowest point of 1296 points in January, and more than 12% from the same period last year. The freight rate of sea freight has continued to operate at a high level in the past two years, and the Shanghai Export Container Freight Index exceeded 5,000 highs in January, hitting a record high, with an average increase of more than 70% year-on-year, and many main routes collectively rushed higher.
Citic Construction Investment Research Report believes that the collective operation industry ushered in the strongest Spring Festival off-season in history, and the freight rates of the main routes continued until the end of February. Spring Festival holiday factories, tow cards and customs holidays, the week's shipments are pre-holiday hoarding, The European Line and the Us Line remain fully loaded, and it is expected that the factory will resume normal production and work in mid-to-late February. The pre-holiday inter-freight transaction price was lowered, which is currently at a relatively low level, and it is expected to gradually recover with the volume of goods in the next year.
Maritime concept stocks saw a surge in earnings
According to the statistics of Securities Times and Data Treasure, there are 13 concept stocks mainly engaged in maritime business in A-shares. Since the Spring Festival, maritime concept stocks have generally risen, with an average increase of 5.61%, and COSCO Haineng, COSCO Haifa and China Merchants Steamship have risen in the front, up 16.18%, 9.83% and 9.54% respectively. Four shipping concept stocks have also won the favor of northbound funds, of which COSCO Shipping Holdings and COSCO Shipping have received net purchases of more than 20 million shares from northbound funds this month.
10 of the shipping concept stocks have announced the 2021 annual performance forecast, of which 8 are pre-increased, and the net profit attributable to the mother is expected to double that of Changhang Phoenix, COSCO Haikong, COSCO Haifa, Zhonggu Logistics and COSCO Haite.
Changhang Phoenix performance forecast shows that the company is expected to achieve a net profit attributable to the mother of 0.8-120 million yuan in 2021, an increase of 659.81% -1039.71% year-on-year. The company said that the main reason is to seize the favorable opportunity of the market to turn better and freight rates to rise in 2021, and significantly increase the gross profit margin of the main business. Timely and preferential price to increase the applicable capacity to boost the company's profitability.
From the perspective of institutional attention, some maritime concept stocks are optimistic about the institution, and statistics show that 4 maritime concept stocks have been rated by more than 5 institutions, including COSCO Offshore Holdings, COSCO Haineng, China Merchants Steamship, and China Valley Logistics.
Disclaimer: All information content of data treasure does not constitute investment advice, the stock market is risky, and investment should be cautious.
Responsible Editor: Ho Yu
Data Treasure (shujubao 2015): Securities Times Intelligent Original New Media.