Written before the opening:
The China Securities Regulatory Commission made another heavy blow, and another brokerage was filed.
According to a number of online media reports, on the morning of May 14, Bohai Securities announced that the company received a notice of filing from the China Securities Regulatory Commission on May 9. The content reads: "Due to suspicion of violations of laws and regulations in the financial advisory business, the China Securities Regulatory Commission filed a case against Bohai Securities on April 24 this year in accordance with relevant laws and regulations. ”
However, the specific violations were not disclosed in the announcement.
It is said that Bohai Securities is in the process of IPO, and this case is probably going to be suspended.
Before Bohai Securities, three securities firms have been filed by the China Securities Regulatory Commission, namely: CITIC Securities, Haitong Securities and Soochow Securities.
Unfortunately, investors at the four brokerages are going to suffer.
Fortunately, Gree Electric has nothing to do with the matters involved in the four brokerages.
However, since the beginning of this year, among the four brokerages, Haitong Securities and its subsidiary Haitong International have released research reports on Gree Electric Appliances.
As shown in the table below:
| Date of the study | Abbreviation of the institution | Price Target | This rating | detail |
| 2024-05-07 | Haitong Securities | 55.5 - 61.05 | Better than the market | Comments on the company's quarterly report: steady growth in revenue and profit |
| 2024-01-05 | Haitong International | 54.56 | Better than the market | The company's revenue has grown steadily, profit margins have continued to recover, and low valuations and solid performance provide sufficient security. |
So the question is, is the research report made by a brokerage like this credible?
Morning:
Gree Electric rebounded directly to 42.73 yuan after opening at 42.40 yuan, and then fell back.
At 9:33, the stock price fell back to 42.60 yuan to stop falling and rebounded, and ten minutes later, it fell again to 42.80 yuan.
At 9:49, the stock price fell back to 42.45 yuan and no longer went down, but fifteen minutes later, it encountered resistance again at 42.73 yuan and turned shocking.
At 10:40, the stock price suddenly exerted force and rose rapidly at the price of 42.56 yuan.
At 11:06, the stock price sold 1,000 shares when it reached the price of 42.93 yuan, and the stock price continued to rise after that.
At 11:13, when the stock price rose to 42.98 yuan, another 1,000 shares were sold, but the goods were still up.
At 11:27, the stock price rose to $43.12 and then fell back until the close of trading at $43.06.
During the period, the handicap shows that the outer disc has changed from being smaller than the inner disc to being larger than the inner disc. The Shanghai Composite Index fell 5.43 points, or 0.17%, Superbrands fell 0.93 points, or 0.06%, and Midea Group rose 2.27%.
Midday:
As soon as the afternoon opened, the price of Gree Electric continued to rise at 42.94 yuan, and at 1:24, the price of 43.21 yuan met resistance and consolidation.
At 1:34, the stock price fell rapidly at $43.20, and 28 minutes later, it turned consolidated at $42.75.
At 2:01, the stock price reached $42.80 and picked up 200 contracts, and sixteen minutes later, it tried to recover at $42.74, but seven minutes later, it traded sideways again at $42.89.
At 2:31, the stock price fell again at $42.90, and 16 minutes later, it continued to trade sideways at $42.73 until it finally closed at $42.76, up 0.28% throughout the day.
The handicap shows that the outer disc has changed from being smaller than the inner disc to being larger than the inner disc. The Shanghai Composite Index fell 25.87 points, or 0.82%, Superbrands fell 9.25 points, or 0.65%, and Midea Group rose 2.80%.
After-hours insights:
It's a pity that every time I reduce my position, I can't sell at the highest point, but I am very satisfied, and I made more than a point overnight.
2,000 were reduced in the intraday, but the gap was never opened, only 200 were brought back, and I hope it will not chase up tomorrow.