Changan Automobile's one-word limit, shareholders: Sold off!
"Lose money, lose stocks, be cheated out!"
On November 27, Changan Automobile suddenly heard a scolding in the stock bar. What's going on?
Huawei Chang'an "combined"
Over the weekend, Huawei and Changan Automobile announced a "combination" blockbuster news.
On November 26, Changan Automobile announced that it had signed a "Memorandum of Investment Cooperation" with Huawei Technologies Co., Ltd. in Shenzhen on the 25th. After negotiations, Huawei plans to establish a new company to focus on the R&D, production, sales, and service of intelligent driving systems and incremental components for intelligent and connected vehicles.
According to the MOU, Huawei intends to integrate the core technologies and resources of the intelligent vehicle solution business into the new company, and Changan Automobile and related parties will intend to invest in the company and work with Huawei to support the company's future development. The new company will strive to become a world-class leader in the automotive intelligent driving system and components industry, and as an open platform serving the automotive industry, it will open its equity to investors such as existing strategic partner car companies and car companies with strategic value, and become a diversified company. The new company will continue to serve customers with high quality, and work with partners to promote the innovation and leadership of intelligent vehicle technology and promote the prosperity and development of the automobile industry.
In this transaction, Changan Automobile and its affiliates intend to invest in the acquisition of the equity of the target company, with a proportion of no more than 40%, and the specific equity ratio, capital contribution amount and term will be discussed separately by the two parties.
Stockholders: Sell off!
Some students will ask, why does such a good news of a strong alliance make shareholders "complain"?
On November 23, there was news circulating on the Internet that Huawei's intelligent car solution BU (hereinafter referred to as "Huawei Car BU") will be spun off from Huawei's system, with an overall valuation of 250 billion yuan, and Changan Automobile will invest hundreds of billions of yuan in Huawei Car BU to obtain 30% equity.
Stimulated by the news, many shareholders flocked to Changan Automobile to buy tickets in the secondary market. On November 23, Changan Automobile once hit a 10% daily limit.
However, Changan Automobile and Huawei denied the above news, and Changan Automobile said that the two sides have in-depth cooperation in AVATR and Deep Blue Automobile, but the information circulating on the Internet does not match the facts.
Therefore, many shareholders chose to temporarily retreat, and on November 24, Changan Automobile amplitude exceeded 5% and closed the "doji".
However, only one weekend later, Changan Automobile and Huawei still broke the big news of cooperation.
On the morning of November 27, the secondary market reopened the rush for Changan Automobile, Changan Automobile opened 3 million hands to bid the daily limit, as of the lunch break, there were 1.87 million hands to buy orders to seal the daily limit.
Some shareholders believe that Huawei and Chang'an have vaguely denied the news of cooperation in the early stage, which seems to be a little unkind. "The planned divestiture of the car is not the same as the establishment of a new company, but the information is very relevant. ...... They are the biggest insiders, is this acting with the majority of investors?"
If the situation of Changan Automobile on November 27 is compared to everyone queuing up to buy fresh vegetables in the vegetable market, then this team is now estimated to start lining up from the high-speed entrance of the next city.
It is no wonder that the shareholders who sell the fly will "break the defense".
However, it is undeniable that Huawei Changan Automobile has joined forces again, which still provides some new investment opportunities for the secondary market. Some stock market software has also launched a new Changan Automobile Concept Index.
Dongguan Securities believes that for Changan to join forces again, the new company is expected to provide a greater cooperation platform for Huawei's intelligent vehicle business and continue to catalyze the intelligent transformation of the automotive industry. The cooperation model between Changan Automobile and Huawei has achieved initial results, and the establishment of a new joint venture will further enhance the in-depth cooperation between the two parties. Investors can pay attention to some car companies that benefit from Huawei's intelligent empowerment.
Shengang Securities said that the auto sector pays attention to the opportunities brought by the performance improvement of low-valued vehicle and parts leading enterprises, and the core target of the high-quality track of new energy electrification and intelligence. Therefore, it is recommended to pay attention to: independent car companies with first-mover advantages in the field of new energy, high-quality track core targets of electrification and intelligence, beneficiary stocks of domestic substitution concepts, and the pull effect of strong vehicle companies on core components.
(The above content does not constitute investment advice)
Xiaoxiang Morning News reporter Gigi Hao