In recent years, the core asset stocks led by Moutai in Guizhou have risen like a rainbow and have become more and more recognized; the core stocks of all walks of life have also been compared to the industry's Moutai to highlight the precious value, and some people have compiled the core assets of various industries into "Mao 20".
However, the stock price was soaring, the valuation was soaring, and it could not go to heaven in the end. Although the Mid-Autumn Festival is approaching, the price of Moutai wine has risen one after another, but the stock price of Moutai has fallen by more than 10%.
In the pharmaceutical stocks, Moutai Changchun Gaoxin once plunged by more than 30%, and the Moutai Makihara shares in pork stocks and the soy sauce Moutai Haitian Flavor Industry all fell sharply; even the high-dividend stock price of the ultra-stable power Moutai Yangtze River Power has continued to fall rapidly in recent days, falling by more than 10%.
Moutai again welcomed a correction of more than 10%:
The market value evaporated by 242.3 billion yuan
Sustained and stable performance growth, certainty is considered to be incomparably high, Moutai wine is a bottle of hard to find. In the past few years, the stock price of Moutai in Guizhou has risen fiercely, and the stock price seems to be only higher, and some investors have even valued and invested Moutai stocks in bonds.
However, the stock price has risen significantly faster than the performance growth, and the valuation has been rising. Even on the eve of the festival near the Mid-Autumn Festival, the price of Moutai wine has risen repeatedly, and the price of 53 degrees feitian Moutai on the e-commerce website is basically above 3,000 yuan, but the stock price of Moutai has not continued to be strong, but there has been a correction of more than 10%.
From 1828 yuan on September 2 to the latest close of 1635.11 yuan, the high price of Guizhou Moutai fell back to 10.55%, more than 10%, the stock price fell by 192.89 yuan, and the market value evaporated by 242.3 billion yuan.
The large increase in stock prices and the obvious increase in valuation should be the essential factors for moutai to fall; and the recent issuance of bonds by Moutai Group of 15 billion yuan and its stake in Guizhou Expressway Group have triggered market concerns about Moutai and are considered to be the fuse that promotes the correction of Moutai stock prices.
Yaomao plunged more than 30%:
Rumors of performance did not meet expectations
Not only the real Moutai but also all kinds of industries that have attached the concept of Moutai have also recently plunged.
Moutai Changchun High-tech in pharmaceutical stocks, also labeled as a regional label Northeast Moutai, has recently fallen from a high of 513.5 yuan to 347 yuan, a drop of 32.42%, although it has rebounded in recent days, but the decline is still nearly 30%. After the listing of Changchun High-tech, it is also a big bull stock hundreds of times.
Market rumors of lower than expected performance and shareholder reduction are considered to be the trigger for the decline. Changchun Gaoxin's core business, growth hormone, lowered its profit forecast for next year from 35% to 25%.
Pig price decline is expected to ferment:
Pig Mao's stock price fell sharply
After experiencing a sharp rise in the market, with the increase in pig production capacity, there are now more concerns about pork prices in the market. The stock price of pork Moutai Makihara shares has also been significantly corrected.
Pork prices are expected to fall, pig Mao Muyuan shares from the mid-July 99.01 yuan high so far, the latest close of 73.95 yuan, a decline of 25.31%.
Recently, Tao Yishan, chairman of Tang Renshen, said publicly that in 2022, China's pigs will reach more than 2 billion, and there will be a serious overcapacity of pigs, and the pig price will reach 4,5 yuan a catty.
At this year's two sessions, Liu Yonghao, the boss of New Hope, also said that pig prices may fall below the cost price around 2022, and he also has a pessimistic view of the future pig prices and the prospects of pork.
The valuation of sauce is crazy
The surge peaked and fell back
Soy sauce Moutai Haitian flavor industry, the valuation remained high, and finally fell back. After rushing to 203 yuan on September 3, it quickly fell, and the latest closing price was 157.35 yuan, and the stock price fell back by 22.49%.
After the sharp decline in stock prices, Haitian Flavor's current dynamic price-to-earnings ratio is still 78 times.
The high dividend electric mao also can't hold back:
Hit more than 10%
Even the hydropower giant with stable performance and stable dividends in A-shares, the power Moutai Yangtze River Power has also killed fiercely recently. In just 9 trading days, it fell from 21 yuan to 18.86 yuan. Many institutions regard Yangtze River Power as a relatively stable source of income as a "dinghai god needle".
On the news side, Yangtze River Power is about to issue GDR (Global Trust Certificate) on the London Stock Exchange, and the final price of this issue has been determined to be US$26.46 per GDR.
The number of GDRs in the offering is 69,100,000, representing 691,000,000 shares of underlying securities A shares, raising a total of US$1,828.4 million. Under the over-allotment arrangement for this offering, the Stable Price Operator may require the Company to issue no more than 6,900,000 GDRs by exercising the over-allotment right. Assuming that the over-allotment rights are fully exercised, the total proceeds raised in this offering are US$2,011.0 million, and the underlying securities represented by the GDR in this offering are 760,000,000 shares of Company A shares (including the A shares of Company A represented by GDR represented by the GDR issued as a result of the exercise of the over-allotment right).
The GDR issuance is less than 4% of the current total share capital, and the corresponding share price per share is RMB18.05, which is slightly discounted from the latest share price of RMB18.86.
Institutions have sold pig grass on a large scale
It is worth noting that in the recent stock price fluctuations, there are already institutions in the bulk trading and dragon and tiger list seats selling pig Mao Muyuan shares and Yaomao Changchun High-tech.
On September 18, Makihara shares were traded in two large transactions, and a total of 22.44 million shares were sold, all of which were institutional seats. The total transaction volume is 1.525 billion yuan, accounting for 0.9% of the outstanding shares. On September 16, Makihara shares were also sold by institutions, with a total transaction value of 1.547 billion yuan. From September 23 to September 25, four large transactions were reproduced, involving an amount of 919 million yuan.
In the trading seats on September 14, Changchun Gaoxin was sold by two institutional seats for more than 300 million yuan.
Source: China Fund News