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Hong Kong stocks, back to 19,000 points!

author:Securities Times

Hong Kong stocks continue to be strong!

This morning, the A-share market as a whole fluctuated in a narrow range. The utilities sector was among the top gainers, while the household appliances sector was repeatedly active. In terms of new stocks, there is a new stock listed, which is Reddy's Zhizhi, which rose nearly 200% in the morning intraday.

The Hong Kong stock market as a whole rose, and the Hang Seng Index regained 19,000 points intraday, which is the first time in 9 months that the index has regained 19,000 points. Among them, the real estate stock China Aoyuan rose 50% intraday.

The A-share market as a whole fluctuated in a narrow range, and CRRC rose more than 7% intraday

This morning, the A-share market as a whole fluctuated in a narrow range.

In terms of industry sectors and tracks, the public utilities sector was among the top gainers, with many stocks such as Shouhua Gas, Gansu Energy, and Hongtong Gas rising by more than 10% intraday.

The household appliances sector has been repeatedly active, TCL Zhijia intraday limit, Changhong Meiling, XGIMI Technology and other top gainers.

In addition, transportation, agriculture, forestry, animal husbandry and fishery, textiles and garments and other sectors rose in the forefront of the market. Food and beverage, beauty care, media and other sectors were among the top decliners.

In terms of the concept sector, the concept of railway infrastructure stocks rose sharply, and CRRC rose by more than 7% intraday, and the company's latest market value exceeded 200 billion yuan. Thinking train control, Kangni electromechanical, Taiyong Long March daily limit.

Following last week's continuous decline, the ST sector continued to decline sharply, with many ST stocks falling to the limit.

* ST Baoli plunged 22.22% to close at $0.14 in the morning. The company announced last Friday evening that according to the relevant provisions of Article 10.2.1 of the Rules for the Listing of Stocks on the Growth Enterprise Market of the Shenzhen Stock Exchange (revised in August 2023), the daily closing price of the listed company for 20 consecutive trading days was lower than 1 yuan, and the Shenzhen Stock Exchange terminated the listing and trading of its shares. Stocks whose listing is terminated due to the forced delisting of trading types will not enter the delisting period. As of May 10, 2024, the closing price of the company's shares has been below 1 yuan for 16 consecutive trading days, and even if the next 4 trading days (excluding the company's stock all-day suspension days) continue to rise and fall, the stock price will be below 1 yuan for 20 consecutive trading days and hit the trading delisting index.

In addition, in view of the fact that the current performance promiser, Changde Xinzhongzhe Enterprise Management Center (Limited Partnership) (hereinafter referred to as "Changde Xinzhongzhe"), has only fulfilled the cash compensation obligation of 82 million yuan to the company, there is still a big gap between the amount of performance compensation that should be fulfilled in the Reorganization Investment Supplement II. At the same time, the company's stock price has fallen continuously recently, and the closing price of the company's shares has been below 1 yuan for 16 consecutive trading days. On the other hand, combined with the asset details provided by Changde Xinzhongzhe before, the book value of the main assets held by it can no longer cover the remaining performance compensation amount, and the company has begun to take judicial remedial measures to remind investors to pay attention to investment risks.

The new stock Reddy's Zhiqi rose nearly 200% in the morning intraday

Today, there is a new stock listed in the A-share market, which is driven by Reddy's Zhizhi, and the stock rose nearly 200% in the morning intraday.

According to the prospectus, Reddy's Intelligent Drive is a high-tech enterprise dedicated to the R&D, production and sales of key components of automation equipment transmission and braking systems. The company's products include precision transmission parts, electromagnetic brakes and harmonic reducers, which are widely used in CNC machine tools, robots, elevators and other fields.

The company mainly adopts the production mode of "sales and production". The company's product sales model is direct sales, of which electromagnetic brakes and harmonic reducers are mainly sold by independent brands, and precision transmission parts are mainly sold by OEM/ODM. The company relies on outstanding technology research and development advantages, product quality advantages and rapid response service advantages, and has been recognized by customers. The company's customers are mainly global or domestic well-known enterprises in the downstream field, such as Inovance, a leading domestic industrial automation company, Estun, a leading industrial robot company in China, Hitachi Elevator, Otis Elevator and Toshiba Elevator, a well-known global elevator manufacturer, Lingfeida of Germany, Tsubaki Machinery of Japan and Fenner Transmission of the United States.

In addition, the company's self-developed ultra-thin servo brakes for robots have been widely used in the field of automatic control of precision small spaces such as service robots and collaborative robots. The electromagnetic brakes used in elevators independently developed by the company have passed UL certification, CE certification, RoHS certification and NETEC special equipment type test of the National Elevator Quality Supervision and Inspection Center, and obtained the national invention patent with low noise technology.

According to the prospectus, in view of the competitive characteristics of the industry, the company's competitive strategy is mainly reflected in two aspects: the client, the entry threshold for downstream customers is high, and the certification is difficult. On the product side, it is based on the business strategy of "stable wings + core upgrade". "Stable wings" refers to the precision transmission parts and electromagnetic brake products as the two wings of the company's stable development, focusing on the development of key customers, optimizing and upgrading products in existing application fields, and constantly developing new products, entering new application fields, and steadily increasing market share at home and abroad by virtue of customer advantages and quality advantages. "Core upgrading" refers to taking the harmonic reducer as the core of the company's industrial upgrading in the future, speeding up the process of independent research and development, completing the certification of high-quality customers in the industry as soon as possible, carrying out mass production, and realizing a significant improvement in the company's products and profits.

The Hong Kong stock Hang Seng Index regained its foothold at 19,000 points after 9 months

The Hong Kong stock market as a whole rose, and the Hang Seng Index regained 19,000 points intraday, which is the first time in 9 months that the index has regained 19,000 points.

Among the constituent stocks of the Hang Seng Index, Orient Overseas International and Alibaba-SW were among the top gainers.

The real estate sector of Hong Kong stocks realized brightly in early trading, with China Aoyuan once rising 50%, Shimao Group once rising more than 30%, and Hongyang Real Estate, Zhenro Real Estate, Kaisa Group, and South China City once rising more than 20%.

Riying Holdings fell by more than 50%.

On May 11, in response to media reports that "the actual controller of Zhejiang Ruifengda Asset Management Co., Ltd. 'ran away'", the China Securities Regulatory Commission said that from the current situation, Ruifengda Company was suspected of a number of violations of laws and regulations, and the China Securities Regulatory Commission decided to investigate it and deal with it strictly in accordance with the law. The China Securities Regulatory Commission (CSRC) has informed the public security organs and others of the situation and strengthened coordination and cooperation. In the next step, the China Securities Regulatory Commission will work with relevant parties to actively and steadily promote risk disposal, maintain market order, and effectively protect the legitimate rights and interests of investors.

It is reported that at present, the private placement product can no longer be redeemed, the company's actual controller has lost contact, and some investors have reported the case. On May 10, the office space on the 3rd floor of Courtyard 10 of Ruifengda's office has been closed by the Pudong New Area Economic Investigation Detachment. In addition, Ruifengda's public office address is the 5th floor of Building 8 of Hui Mansion, and the reporter found that the listed company of the office building is Riying Holdings, which has also been investigated by relevant authorities. Tianyan check shows that Ruifengda's suspected relationship includes Riying Investment Holding Group Co., Ltd., etc., because multiple companies have the same office phone number and email address. The report on the annual meeting of Riying Holdings at the end of 2023 also confirms the relationship between the two companies: "Riying Capital Sector Ruifengda ...... in the major fund ranking websites"

Editor-in-charge: Wan Jianyi

Proofreading: Zhao Yan

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