Written before the opening:
In the past two days, the loyal fans of Gree Electric Appliances have been extremely anxious by the announcement of Wingtech Technology.
On April 23, Wingtech Technology announced its first-quarter financial report, with a year-on-year decrease of 68.82% in net profit attributable to the parent company. Affected by this, Wingtech Technology's share price fell by 3.42% yesterday after falling on the same day.
So the question is, how can the performance of Wingtech Technology "thunder", how can it make the investors of Gree Electric Appliances worried?
It turned out that Gree Electric Appliances ranked the eighth largest shareholder of Wingtech Technology with 2.89% of the shares. In view of this relationship, some investors in Gree Electric Appliances take it for granted that the performance of Wingtech Technology "thunder" will definitely harm Gree Electric Appliances.
Is that really the case?
Let's compare the stock price performance of Gree Electric Appliances and Wingtech Technology in the past two days.
After comparison, we found that on April 23, after Wingtech Technology announced its quarterly report, the stock price fell by 10.01%, while the decline of Gree Electric was 1.06%, which was far smaller than that of Wingtech Technology, and it is not an exaggeration to say that it is a normal adjustment.
The next day, when Wingtech Technology continued to fall by 3.42%, Gree Electric Appliances only fell by 0.72%, which should still be its own normal adjustment.
In addition, how did Gree Electric's brother Midea Group perform in the past two days?
Let's take a look at the following picture:
As can be seen from the above figure, in the same period of time, Midea Group also fell, with declines of 2.27% and 0.72% respectively, which was greater than the decline of Gree Electric.
Obviously, this conclusion is definitely wrong!
So, what do you think of Gree Electric's recent adjustments?
I think this is related to the operation logic of Gree Electric Appliances itself, as well as the interaction between the industry sector and the market background.
In the past three years, Gree Electric has experienced a long decline, during which I have never stopped tracking and analyzing it and insisting on posting articles every day.
Due to the large content and inconvenient to elaborate here, the views are as follows:
1. Companies and stocks are two different things;
2. The decline in the share price of Gree Electric has nothing to do with performance, it is all caused by funds;
3. Everything is illusory, only cash can prove everything;
4. High dividends are the last word.
I don't know if my friends agree with the above views.
Morning:
Gree Electric Appliances rose after the opening price of 38.80 yuan, and at 9:31 a.m., the price of 38.99 yuan immediately fell.
At 9:38, the stock price of 38.73 yuan immediately rebounded, and six minutes later, it met resistance at 39.05 yuan and continued to fluctuate.
At 10:13, the stock price rebounded at the price of 38.85 yuan, and 22 minutes later, it fell back to the price of 39.19 yuan.
At 11:22, the stock price fell back to the $38.96 level and stopped falling, but continued to consolidate until the close stayed at $39.00.
At that time, the handicap showed that the outer disk was larger than the inner disk, but the gap was not large, the Shanghai Composite Index rose 5.08 points, or 0.17%, the super brand rose 3.06 points, or 0.22%, and the Midea Group rose 0.18%.
Midday:
As soon as the afternoon opened, Gree Electric was able to dive at the price of 39.01 yuan, but fortunately, the decline was not large, and the price of 38.86 yuan was no longer down, but continued to fluctuate and consolidate, until it finally closed at the price of 38.95 yuan, up 0.21% throughout the day.
At that time, the handicap showed that the outer market was slightly larger than the inner market, the Shanghai Composite Index rose 8.08 points, or 0.27%, the super brand fell 0.99 points, or 0.07%, and the Midea Group rose 0.50%.
After-hours insights:
The two heroes of household appliances closed up together, but the increase was not large, and the market was a virtue.
Is Gree Electric adjusted in place?
At least from the daily candlestick chart, it is not in place yet.
As I said before, there are only two sectors in the market at present, one is the traditional weight, the other is the hot concept, and the two sectors have their own missions.
And I think that Gree Electric seems to have the attributes of two plates.
What do you see, friends?