The situation in the capital market is always a drama that makes people pay attention to it. No, just after the National Day holiday, seven Chinese listed companies made a wave of "big moves", which is another "good show" in the capital market. Among them, Sugon's share repurchase, executive liability insurance, Guolian Securities' merger and acquisition, and Tianfeng Securities' stock price soared, and the riotous operations of the three companies successfully grabbed the headlines. At first glance, they have their own style, but after careful consideration, it seems that there is a new logic of the capital market behind it.
Let's talk about Sugon first, repurchase restricted stocks, which is actually a common "disk protection" method in the capital market, to put it bluntly, it is "buy back your own stocks, support the façade, and don't let the stock price fall too ugly."
"But this time it's a little bit different is that they also have liability insurance for the executives. It seems that on the surface, they want to stabilize operational efficiency, but executives have begun to take precautions and buy insurance to protect themselves, which is really a bit of "cowardice before fighting". On the surface, it is to buy back stocks and protect the disk to save yourself, but behind the back is to buy insurance, this is not "driving with your left hand and wearing a seat belt with your right hand", you have to prepare for potential risks. It's really hard to say whether this wave of operations can reassure the market.
Let's take a look at Guolian Securities, the acquisition of 99.26% of the shares of Minsheng Securities, this merger and acquisition is not small, almost to swallow Minsheng Securities clean. But the problem is that mergers and acquisitions are not about buying groceries, it's not about spending your money, buying it home, and just starting to eat.
Guolian and Minsheng, although they seem to be securities companies, have huge differences in operating styles and corporate cultures, and the difficulty of integration can be imagined. If you don't do it, this merger and acquisition will become a "snake swallowing an elephant", and finally indigestion.
Now the pace of market integration is getting faster and faster, and everyone wants to "fit" to run faster, but once the cooperation is not smooth and drags each other down, it will be a lose-lose situation. How to truly optimize resources and integrate cultures can make this merger and acquisition not become a "farce" of the capital game.
In the end, the stock price of Tianfeng Securities rose wildly in four days, and it was really "stormy in Kyushu". Four days! Rising streak! People who don't look at the truth still think that the company is going to take off, but the reality is that the performance has not improved at all. This is too weird, isn't it just speculative capital speculation. This wave of gains has nothing to do with the actual situation of the company at all, purely driven by market expectations and funds, a typical "bubble" market. Tianfeng himself couldn't stand it anymore, so he hurriedly took action to stabilize the stock price, afraid that he would "jump off the cliff" directly after this wave of crazy rises.
The problem is here, there is always a stock "gambler" mentality in the capital market, knowing that the risks are there, but they still can't help but chase the rise and kill the fall, and the result is that they are cut leeks one by one. The stability of the stock price is the foundation of healthy development, but this wave of commotion can only make people feel that "the wind is transiting", and the danger is ambushed at all times.
Through a series of operations of these companies, we see not only the individual strategies of enterprises, but also the deep changes that have quietly occurred in the rapid changes of the entire market. The pace of industry consolidation is getting faster and faster, and the frequency of mergers and acquisitions between enterprises is getting higher and higher, and everyone wants to gain a foothold in this wave. At the same time, corporate governance and risk management are becoming more and more important, and management must not only consider the development of the company, but also guard against potential risks to ensure the long-term stability of the company. However, in this process, irrational speculation in the capital market still exists, and speculative funds still like to create storms. In the final analysis, investors need to be rational and not be blinded by the current fluctuations, and a long-term and stable strategy is the key to navigating market fluctuations.
So in the end, I would like to ask: can the dual insurance of executive repurchase and insurance purchase really stabilize the future of the enterprise? Will the "marriage" of the League of Nations and the people's livelihood be a happy marriage in the capital market, or a failed case of chickens and eggs? The stock price of Tianfeng Securities soared, did the bubble burst or ride the wind and waves in the end? What do you think about this?