What changes in the first day of the performance of the new standard of the Hong Kong Stock Connect are worth paying attention to?
The first day of the performance of the Hong Kong Stock Connect’s new target was announced. What changes are worth watching?
Author | Chen Xiao Data Support | Pythagoras Big Data On September 9, the Hong Kong stock market officially ushered in a new round of headline adjustments for the Hong Kong Stock Connect.
Since a large number of new faces transferred this time are Hong Kong stock new influencers with their own traffic, this round of adjustment is particularly noticeable.
According to the Hong Kong Stock Exchange, a total of 9 stocks have been transferred into the Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect, and 11 stocks have been transferred out; 22 stocks have been transferred under the Shenzhen-Hong Kong Stock Connect, and 31 stocks have been transferred out.
It is worth mentioning that in this batch of newly transferred stocks, 13 stocks have been listed in less than half a year, including Jinxin Fertility, China Ship Leasing, Hansen Pharmaceutical, China Oriental Education and the well-known ChinaSix Hong Kong and other new shares that were previously listed less than 3 months ago. These have just become listed and have become the new capital darlings in the Hong Kong Stock Connect Directory. They have become the existence of pull hatred!
In addition, this round of new adjustments of the Hong Kong Stock Connect has many other changes that deserve attention.
1 Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect: 9 in and 11 out. The nine stocks that Hansen Pharmaceutical was listed in only had a market value of 150 billion in March were transferred: Bosideng, Midea Real Estate, China Oriental Education, Yihai International, Ausnutria, Kam KamXin Fertility, Rongxin China, Hansen Pharmaceutical and China Aoyuan.
Among them, Hansen Pharmaceutical is a well-known medical industry company that entered the Hong Kong stock market only on June 14 this year. It is the company with the largest market value in the list of new Hong Kong Stock Connect listings and the largest market capitalization company in the Hong Kong stock market. The total market value is currently 1510.
8.3 billion feet.
However, or because of the gradual increase in the stock since August and the expectation that the fund is classified as the Hong Kong Stock Exchange Standard is expected by the funds in advance, the company will present good news today to realize the downward trend.
The data shows that the main business layout of Hansen Pharmaceutical is mainly in the four major 北京夜生活网 areas of central nervous system disease, anti-tumor, anti-infection and diabetes. At present, it has about 4,500 professional sales staff, covering 1,900 tertiary hospitals nationwide and more than 5,000 secondary hospitals.And many other medical institutions.
In the first half of 2019, Hansen Pharmaceutical (03692.
HK) recorded revenue of 45.
9.9 billion yuan, an annual increase of 21.
9%; Net profit 12.
96 trillion US dollars, an annual increase of 24.
3%; Blacks earn 0.
Jinxin Fertility is also a medical company listed on the Hong Kong stock market on June 25 this year. It is the leading assisted reproductive medical field in China and the United States, with a current total market value of 285.
With a growth of 800 million euros, the stock has soared 8 today due to positive stimulus.
7%, 杭州桑拿 bright performance.
Thanks to the long-term assisted reproductive market, which has maintained rapid growth, the company as a leading company has a growth rate much higher than the industry.
In the first half of 2019, the company realized operating income7.
9.1 billion, an annual increase of 92.
1%; realized gross profit 3.
8.1 billion, an annual increase of 100.
3%; net profit achieved 1.
7.8 billion, an annual increase of 64.
8%; realized adjusted net profit2.
5.7 billion, an annual increase of 102.
1%; excluding the US consolidation factor, profit increased by about 32%.
The 11 stocks transferred include: Grand Hotel, Chinese Real Estate, TV Broadcasting, Landing International, Shanshui Cement, China Minmetals Capital, China Resources Medical, Fosun Travel Culture, Fuzhikang Group, Dah Sing Bank Group and Standard Chartered Bank.
Looking at the individual stock data, we can see that the batches of stocks that have been transferred out of the Hong Kong Stock Connect Standard Pool are mainly because the average monthly turnover rate is less than 0.
The 05% standard leads.
However, being transferred does not completely mean that the company’s performance is not good. Although there are indeed some spicy chicken companies that can enter the Hong Kong Stock Connect because of their “market value”, the quality of the business details of a large number of companies is still acceptable, such as China Resources MedicalAnd Fosun tourism culture.
Surprisingly, even Standard Chartered Bank, which has a market value of more than 200 billion yuan, has been “strickenly” transferred out of the Hong Kong Stock Connect List. The data shows that Standard Chartered was transferred out because its average monthly trading volume was not up to standard.
Even today, the turnover of the stock is only 3491.
3.1 billion US dollars, the turnover rate is only 0.017%, and sustainable rose by 0 without falling.
32%, can be described as spoiled, quite Buddhist, among all the big banks with a market value of 100 billion yuan, it can be regarded as a clear stream in the noisy market.
Shenzhen-Hong Kong Stock Connect under the Shenzhen-Hong Kong Stock Connect: 22 in and 31 out, Southern Energy surged by 50%Excellent, China Tobacco Hong Kong, etc.
Among them, China Eastern Education, China Tobacco Hong Kong, China Ship Leasing, and Haitong Hengxin changed to new shares that were newly listed in June this year.
China Eastern Education Arithmetic is one of the few capital players in China’s culinary industry. Since its listing in June this year, the stock has also been rising steadily, and the increase has been close to 50%. Today, it has risen again due to favorable stimulus.
05%, the current total market value has reached 32.5 billion euros.
It is interesting that another company that was newly transferred to the Hong Kong Stock Connect this time was called New Oriental Online (1797).
HK) vocational training institution, although there is “Orient” in the same name, other businesses have no relationship with shareholders.
China Tobacco Hong Kong (6055.
HK) is one of the major online celebrity companies transferred to the Hong Kong Stock Connect. This stock has been the focus of market attention since its listing on June 12, and has become the main target of market capital speculation on several occasions.One.
Since its listing, the market value has gradually soared by more than 450%, and it has become the star stock with the largest recent increase.
Thanks to the good news, the stock continues to grow today1.
88%, with a current market value of 16.9 billion euros.
The most extreme is that among all the companies that have been transferred to the Hong Kong Stock Exchange today, Southern Energy (1573).
HK) with a deal of 6.
22 billion builds, with a turnover rate of 83.
8% and continued to soar 56.
76% of the glamorous results won the attention of the market again.
However, the stock seems to be a big problem. On July 29th, a short-selling agency Emerson Analytics published a report that Southern Energy has corrected the company’s financial position and exaggerated minerals and revenue since its 2016 listing application.董事长兼行政总裁徐波正面临财务困难，财务骗局难以维持，预计‘除牌’将是该公司唯一命运。On August 2, Southern Energy plunged nearly 90%, with a market value of 300 billion tons, and has been sluggish since then.
On August 28, Southern Energy announced its performance report, and the group realized revenue in the first half of the year2.
RMB 8.2 billion, a decrease of 9 per year.
2%; profit attributable to owners of the company is 9520.
50,000 yuan, a decrease of 13.
8%; preliminary basic profit is 0.
13 yuan, no dividend.
Judging from the market value requirements of the Hong Kong Stock Connect, South Energy should never have entered the Hong Kong Stock Connect list. The reason why it was so unexpectedly adjusted is that when the company resolved the sniper attack of the air-travel agency in July, the companyThe market value and trading volume have reached the standard. At that time, due to the Hong Kong Stock Exchange’s standard operation of the Hong Kong Stock Connect, it was fortunately replaced this month and was able to “salt fish”.
However, it is clear that the current market value of Southern Energy is less than one billion yuan, but it is a splendid firework. No matter how hopping, it will not be able to support the next adjustment and be called out of fate.
Abandoned sorrow: most of the declines were obvious, Guangze International Development plunged 40% and was temporarily suspended. A total of 31 stocks were transferred from Hong Kong Stock Connect. From the reasons, nearly 20 stocks were due to market value and monthly average trading volume.Meet the standard and be called out, including public financial investment, Guangze International Development, Carnival International’s market value has been reorganized less than 10 billion US dollars, and the remaining only monthly average transaction volume is not up to standard and led to the transfer, such as Standard Chartered Group, Vinda International, Dah Sing Bank Group, etc.
In this list of “abandoned” by Hong Kong Stock Connect, more than 21 stocks recorded declines, of which more than a significant decline in stocks, only 6 stocks maintained a slight increase.
It is worth mentioning that Guangze International Development (00989).
HK) was transferred out because the market value and trading volume did not meet the standards. Today, the stock started to plunge suddenly at 10 o’clock in the morning, and once fell more than 50% during the session, becoming the most tragic listed company on the Hong Kong Stock Connect Transfer List.
In the afternoon, the company must adopt a temporary suspension of trading to end the transaction, and must report 0 before suspension.
101 made, plunged 40.
6%, the market value is only about 5.
However, it is worth mentioning that since the high point of 2017, the stock has been in an endless trend of decline. During the transition period, it has fallen by more than 95%. It is expected to have grown by less than 1 billion a few days ago.
Sorting out the background of this batch of transferred stocks shows that although the quality of some stocks is indeed obviously problematic, it may only be because the high shareholder’s high control disk has made the stock market value and trading volume up to standard, but there are also a large number of company business essences.In fact, it ‘s good, but it ‘s just because of the “unknown in Shenzhen” that was raised shortly after the listing that led to the transfer of the company, or some companies that have entered the Hong Kong-to-Hong Kong Stock Connect list several times, such as Standard Chartered Group, Fosun Tourism Culture, Vinda International,Baby tree group and so on.
Over time, it may be possible for these companies to return to the arms of the Hong Kong Stock Connect when their business is realized.
2 The funds going south have been frantically calling the Hong Kong Stock Connect since the second half of this year, the scale of going north to the south has been particularly fierce. Until today, the capital flowing south has been gradually flowing in.5.8 billion yuan, of which a net inflow of 1061 since March.
US $ 7.7 billion. Southbound funds have accumulated a net inflow of US $ 881 billion since opening, of which the Shanghai-Hong Kong Stock Connect net inflow was 6112.
The net inflow of Shenzhen-Hong Kong Stock Connect was 2697 million yuan.
From the recent trend of daily flows of southbound funds, the average daily net inflow of more than US $ 2 billion, and many of them have no shortage of US $ 4 billion, indicating that most of this year’s funds have been transferred from the beginning of the year.Passed.
At the same time, from the perspective of the trading volume of the Hong Kong Stock Connect, the average daily trading volume of the Hong Kong Stock Connect in August was 10.2 billion yuan.Obvious rebound.
From the perspective of individual stocks, the CCB, ICBC and Tencent Holdings of Hong Kong stocks have received the most favor from the south. The three of them have gradually net purchases of more than 10 billion in March, 220 respectively.
8.4 billion, 111.
2.2 billion and 107.
1.9 billion yuan.
In addition, the average net inflows of Ping An of China, Sunny Optical, China Biopharmaceuticals, and China Pacific Insurance exceeded 2 billion.
And the scale of funds of the Hong Kong Stock Connect to reduce the net amount of individual stocks is obviously relatively small, most of which are real estate stocks, which may be related to the overall coldness of the real estate industry this year.
3 Conclusion As a whole, the adjustment results of the Hong Kong Stock Connect today are not unexpected. Except for the two wonderful works that have skyrocketed and plunged, the performance of most of the other stocks is regarded as spoiled.
The significance of the relative scope of the Hong Kong Stock Connect Index is indeed very large. For most companies, not only the market’s recognition of corporate performance, but also the company’s own incentives and honors.
At the same time, it can better attract southward funds, favored by many active and passive funds, institutional investors, and the majority of retail investors, showing good support for the company’s expected improvement.
In fact, from the previous performance, although this year, although the Hong Kong stock market as a whole has encountered conflicting changes, in the end, more than half of the Hong Kong Stock Exchange Standards still recorded positive gains. Nearly 80 Hong Kong Stock Exchange Standards rose by more than 30% during the year, including 9 stocks.The increase was more than doubled, showing better estimated performance.
But even so, it is estimated that the overall performance of the Hong Kong Stock Connect is still sexy, and there are many good companies whose business and performance are yet to explode.
However, at the same time, it is undeniable that there are indeed many hot chickens in the Hong Kong Stock Connect stock pool that can be restored to the “high position” through their left-hand side. The business performance of them does not match the standard required by the Hong Kong Stock Connect.You need to be cautious when making stock selection decisions.