Here comes the opportunity for back-row topperformers.
A-shares rose across the board in early trading today, with the Shanghai Composite Index rising 0.55%, once standing above the 3,100-point integer mark, setting a new high for this round of rebound. The weighted sectors collectively made efforts, with the two major indices of home appliances and automobiles both rising by more than 2%, and non-bank finance, banking and other sectors both rising by more than 1%.
In terms of individual stocks, following yesterday's daily limit, CITIC Bank once rose to the limit in early trading this morning, refreshing the multi-year high. On the list of decliners, two stocks, High-tech Development and Boxin Shares, fell in the morning.
Among them, High-tech Development announced in the early hours of this morning that the company's plan to acquire 70% of the shares of Sichuan Huakun Zhenyu Intelligent Technology Co., Ltd. (hereinafter referred to as "Huakun Zhenyu") finally failed to reach an agreement with some counterparties on the transaction price.
Computing power bull stocks are "out of power"
In September last year, the high-tech development, which is mainly engaged in construction construction, announced the suspension of trading and planning the acquisition of the equity of Huakun Zhenyu, a computing power company. Since then, High-tech Development has disclosed relevant plans, and the valuation of 100% of Huakun Zhenyu's equity is set at no more than 3 billion yuan.
According to the official website of Huakun Zhenyu, the company is a leading domestic leader in the integrated computing power industry of intelligent computing and storage, with 60% of the state-owned assets holding, undertaking the strategic transformation and upgrading of Changhong's computing industry, focusing on the infrastructure application of "new computing and new storage", and is fully responsible for the design, production, sales and service of "Tiangong" self-owned brand servers, storage, PCs, machine vision and other products based on Huawei's "Kunpeng + Ascend" processor.
Under the influence of this news, the share price of high-tech development soared, and after the resumption of trading, the stock price once approached 96 yuan / share in March this year, hitting a record high.
In last night's announcement, the company also pointed out that the company is negotiating with the counterparty on whether to terminate the transaction, and the transaction is expected to be likely to not be able to continue according to the current plan, and whether to change the plan or terminate the transaction will be announced on April 19, 2024 in accordance with relevant regulations.
Regardless of whether the company still has "computing power" in the future, the company's stock price performance today is completely "powerless", the stock closed the word down limit throughout the morning, and there are still more than 170,000 hands in the morning closing order, with a turnover rate of 3.27%.
The 400 billion big white horse intraday limit
The sector with good performance continued to rise sharply, and bank stocks continued to rise today, and yesterday's leading CITIC Bank rose again in the intraday limit, closing up more than 6% in the morning, with a market value of more than 400 billion yuan. A number of big white horses collectively soared, with Xinhua Insurance, Chinese Life and China Taibao in the insurance sector all rising more than 4%; Midea Group and Haier Smart Home in the home appliance industry all rose more than 2%.
The new "National Nine Measures" are expected to reshape the A-share investment ecosystem. Hualong Securities pointed out that the new "National Nine Articles" have enhanced market expectations and risk appetite, and the dividend sector is worthy of long-term attention. SPDB International also said that the new "National Nine Measures" focus on strengthening the supervision of cash dividends of listed companies and promoting listed companies to enhance their investment value. The agency expects that those high-dividend stocks of state-owned enterprises with stable fundamentals, reasonable valuations, abundant cash flow, in line with the concept of "medium and special valuation", and growth are expected to benefit.
Here comes the opportunity for back-row topperformers
According to the statistics of Databao, among the stocks that have published their 2023 annual reports and have more than 3 rating agencies, there are 19 stocks with a stock earnings ratio of less than 20 times and a dividend yield of more than 4% that have fallen against the market during the year. Among them, the dividend yield of individual stocks such as Huayang International, Wuhan Landian, Industrial Bank, Ping An of China, and Yuanzu shares exceeded 6%.
The most recent annual report of the individual stocks on the list is Xinao shares. According to the annual report released by the company last night, the company achieved operating income of 4.438 billion yuan, a year-on-year increase of 12.37%, a net profit attributable to the parent company of 404 million yuan, a year-on-year increase of 3.70%, and a net profit of 389 million yuan, a year-on-year increase of 13.26%. The company intends to distribute a cash dividend of 3 yuan (tax included) to all shareholders for every 10 shares, and the total cash dividend is expected to be 219 million yuan, accounting for 54.23% of the company's net profit attributable to shareholders of listed companies in the consolidated statements of 2023. According to yesterday's closing estimate, the dividend yield of Xinao shares was 4.4%, and the stock rose more than 5% in early trading.
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Editor-in-charge: Zhou Sha
Proofreading: Liao Shengchao
Datatreasure
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