China Fund News Amman
This morning, the sound of explosions in the Middle East frightened Asia-Pacific investors. Just now, the alarm has been temporarily lifted, and the Asia-Pacific market has picked up. Futures for the three major U.S. stock indexes narrowed their losses, with Nasdaq 100 futures falling less than 1%, after falling 2% at one point.
According to Iranian state television, the Isfahan nuclear facility is safe and sound. Three Iranian officials confirmed that an air base near the central Iranian city of Isfahan had been attacked earlier Friday, without saying which country had carried out the attack.
In addition, according to Israel's Channel 12 local time on the morning of the 19th, the earlier air defense alert in northern Israel has been lifted, which was triggered by a suspected drone intrusion from the direction of Lebanon.
The confirmation of the safety of Iran's nuclear facilities provided a moment of calm for investors, prompting a pullback in some of the large volatility seen earlier, the agency analysis noted.
As of press time, gold prices have risen for a short time and then fallen rapidly.
WTI crude oil also returned from above $85 to around $84.
U.S. Treasury futures also retreated from earlier highs, while USDJPY slowly recovered above 154 again. Asia-Pacific equities recovered. As of press time, the Nikkei and South Korea's Kospi narrowed their losses to less than 2.5%, after falling by more than 3%, and the Shanghai Composite Index fell slightly by 0.4% by the "three barrels of oil".
Let's take a look at the details of A-shares:
Three barrels of oil soared, and CNOOC hit a record high
On the morning of April 19, the "three barrels of oil" rose sharply, and CNOOC rose nearly 5% to a record high intraday. PetroChina and Sinopec rose nearly 3%.
The rise of the oil and gas exploration and service sector set off a tide of daily limits, and many stocks such as Hengxin, Tongyuan Petroleum, Quasi-Oil Shares, Bakken Energy, and Huibopu rose to the limit.
The concept of nuclear pollution prevention and control has suddenly risen
On the morning of April 19, it was reported that Israel had attacked Iran's nuclear facilities. During the session, the Wind anti-nuclear radiation index rose sharply, once rising by more than 5%.
Near midday, the news of the attack on the nuclear facility was falsified, and the gains fell slightly.
However, there is another major negative news from the Japanese side. According to reports, on April 19, Japan's Tokyo Electric Power Company (TEPCO) launched the fifth round of discharge of nuclear-contaminated water from the Fukushima Daiichi Nuclear Power Plant into the sea, that is, the first round of discharge into the sea in fiscal year 2024 (April 2024 to March 2025). The current round of discharge is expected to continue until May 7, and the emissions are about the same as the previous four, and the total emissions are still about 7,800 tons.
According to information released by TEPCO in January this year, it plans to discharge about 54,600 tons of nuclear-contaminated water in seven installments in fiscal 2024.
Jieqiang equipment 20CM sealing board, Beihua shares rose by the limit, and Shengbang shares rose by more than 5%.
The stock price was cut in half again
On April 19, the "big dark horse of computing power" high-tech development opened again at 44.91 yuan per share, with an order amount of more than 1.2 billion yuan and a total market value of 15.8 billion yuan.
On the news side, late at night on April 18, High-tech Development announced that it would terminate the acquisition of 70.00% of the equity of Sichuan Huakun Zhenyu Intelligent Technology Co., Ltd.
As for the reasons for the termination of the acquisition, High-tech Development responded that due to the large audit workload involved in the target company, the relevant parties are expected to be unable to issue audit reports and evaluation reports within the specified period; considering that the transaction lasted for a long time, the industry in which the target company is located is affected by the internal and external environment, the market expectation is high, and the audit and evaluation results involved have not yet been determined, and the listed company and some counterparties have not been able to reach an agreement on the transaction price. High-tech Development will not be able to issue a notice of convening a general meeting of shareholders within six months (before April 19, 2024) after the announcement of the first board resolution to purchase assets by issuing shares.
In order to appease investor sentiment, High-tech Development also announced that on April 18, 2024, the company received the "Letter of Commitment on No Shareholding Reduction Plan" issued by Chengdu High-tech Investment Group Co., Ltd., the controlling shareholder of the company, and Chengdu High-tech Future Science and Technology City Development Group Co., Ltd. and Chengdu High-tech Innovation Investment and Development Group Co., Ltd., which acted in concert.
According to the "Letter of Commitment on the Non-Shareholding Reduction Plan", within 24 months from April 19, 2024 (i.e., from April 19, 2024 to April 18, 2026), the controlling shareholder Chengdu High-tech Investment Group Co., Ltd. and its persons acting in concert have promised not to reduce their holdings of shares in listed companies directly or indirectly, nor do they plan to reduce their holdings of shares in listed companies. During the above-mentioned period, if the shares of the listed company are increased due to the occurrence of share gifts, conversion of share capital, etc., the aforesaid arrangements shall also be followed.
High-tech Development issued the "Shareholder Return Plan for the Next Three Years (2024-2026)", which proposes that when the company is profitable during the annual reporting period and the cumulative undistributed profit is positive, cash dividends should be used for profit distribution, and the company's annual profit distributed in cash shall not be less than 30% of the distributable profit realized in the current year.
Although the controlling shareholder is sincere, the stock price of High-tech Development is still down the limit. It is worth noting that due to the previous good impact, the high-tech development has soared, with the highest price in March this year being 95.7 yuan / share, and now the cumulative decline is more than 53%, and the stock price has been cut in half.
Editor: Xiao Mo
Review: Muyu