[Today's Guide]
> Positioning of Beijing-Tianjin-Hebei coordinated development set, relocation of nonessential functions becomes strategic center
> State Council symposium focuses on 3D printing, industry to embrace policies and market opportunities
> Jinzi Ham to invest in Yingke Venture Capital, Splendor Science ＆ Technology to control Comlab
> Hi-Tech Development to shed real estate business with RMB247 mln, Zexi Investment to subscribe private placement of Guangji Phar.
[SSN Focus]
○ Positioning of Beijing-Tianjin-Hebei coordinated development set, relocation of nonessential functions becomes strategic center
------
Xinhua News Agency reported on Aug. 23 that the responsible person from the office of the leading group on Beijing-Tianjin-Hebei coordinated development answered questions from the media and indicated that the positioning of the three provinces and municipalities are: Beijing will become the national center of political, cultural, and international exchange activities as well as a technological innovation center. Tianjin municipality will be a national research and development base for advanced manufacturing industry, a shipping hub for north China, a demonstration area for financial innovation, and an experimental area for further reform and opening up. Hebei Province will be an important national base for trade and logistics, an experimental area for industrial transition and upgrading, a demonstration area of modern urbanization and coordinated development of urban and rural areas, and an ecological buffer zone. The relocation of nonessential functions from Beijing is the core of the strategy on Beijing-Tianjin-Hebei coordinated development. It will reduce the population density in Beijing and achieve harmony between urban development and resources and environment. The strategy aims to form an integrated region of Beijing-Tianjin-Hebei by 2030.
Comment: The "four centers" of Beijing does not include the economic center. It gives up the development of big and complete economic systems and aims to build a high-grade precision and sophisticated economic structure meeting the characteristics of the capital. The three railways, namely Beijing-Tianjin line, Beijing-Baoding-Shijiazhuang line and Beijing-Tangshan-Qinhuangdao line, will evacuate industries with high consumption and regional logistics industries in Beijing as well as certain education and medical institutes. The carrying capacity for industries and pollution in relevant in Hebei Province will be improved. Langfang Development Co., Ltd. (600149.SH), Juli Sling Co., Ltd. (002342.SZ), Tangshan Jidong Equipment And Engineering Co., Ltd. (000856.SZ) and other property and building materials enterprises are likely to benefit.
○ PMI drags down global market, more policies to maintain growth expected
------
The flash Caixin China General Manufacturing Purchasing Managers' Index (PMI) released on Aug. 21 posted 47.1 in August, the lowest level in more than six years. The A-share market plunged on that day. The three major U.S. stock indexes, namely the Dow Jones, Nasdaq and S＆P500, plummeted by over 3 percent, the biggest decrease in a single week in nearly four years. The bulk commodities except gold all declined and the crude oil futures at the New York Stock Exchange fell below 40 U.S. dollars per barrel. The market expects that the possibility of the Federal Reserve to raise the interest rate in September has dropped from 50 percent to 34 percent.
Comment: The slower economic growth in China and the uncertainties in the political situation in Greece caused the fall in the global stock market. But institutes began to pay attention to investment opportunities. Morgan Stanley Huaxin Securities indicated in an interview that the focus of the government policies in China on maintaining economic growth is to attract investment in infrastructure construction with loose fiscal and monetary policies. The current economy is under the bottoming process with heavy downward pressure. More policies on maintaining economic growth are expected. Wells Fargo indicated that the U.S. economy will see stronger growth in the second half and it intends to buy assets with period sensitivity in the sluggish market.
[SSN Selection]
○ The Regulation on Basic Pension Fund Investment was issued for implementation on Aug. 23. The A-share market will embrace new long-term capitals.
○ According to Sina Technology and other media, the three major telecommunication operators in China, namely China Mobile Limited (CHL.NYSE; 00941.HK), China United Network Communications Limited (600050.SH) and China Telecom Corporation Limited (CHA.NYSE; 00728.HK), will convene meetings of leaders on personnel matters on Aug. 24.
○ The scale and number of aircraft in the V-Day parade hit a new high. The new generation of airborne early warning aircraft, bombers, fighters and other various new arms will make their debut.
○ The spokesperson of the China Securities Regulatory Commission indicated that it will continue strict law enforcement and exert heavy pressure on illegal decreases in shareholding.
○ Shanghai introduced 20 financial services and innovation policies in eight aspects to support the construction of the Shanghai Science and Technology Innovation Center.
[Industry Information]
○ State Council symposium focuses on 3D printing, industry to embrace policies and market opportunities
------
The CCTV news reported on Aug. 23 that Chinese Premier Li Keqiang hosted a symposium of the State Council, discussing speeding up the development of advanced manufacturing, 3D printing and other industries. Premier Li pointed out that the intelligent manufacturing featuring deep integration of information technology and manufacturing technology is triggering a profound reform in the whole manufacturing industry. 3D printing is a representative revolutionary technology in the manufacturing industry, which realized the significant change from equivalent and reduced materials to increased materials in the manufacturing industry and altered the idea and models of traditional manufacturing industries. It is of significant value.
Comment: The market size of 3D printing industry posted 3.7 billion yuan in 2014, presenting a year-on-year growth of nearly 100 percent. As the Chinese manufacturing industry is advancing towards intelligentization, the 3D printing will embrace opportunities from policy supports and market demands. In terms of listed companies, Shenzhen Sunshine Laser ＆ Electronics Technology Co., Ltd. (300227.SZ) set up a subsidiary engaged in 3D printing, which will focus on the development in automobile and medical fields. Wuhan Golden Laser Co., Ltd. (300220.SZ) realized mass customized production through the implementation of the 3D printing cloud factory plan. It also increased investment in 3D printing by investing in industry funds.
○ Sports industry plays important role in driving domestic demand, market size with RMB1trln to show up
------
Chinese President Xi Jinping attended the opening ceremony of the 15th IAAF World Championships Beijing 2015 on Aug. 22. When meeting with the chairman of the Olympic Council of Asia, President Xi indicated that the Chinese government will spare no efforts in supporting Hangzhou City to host the Asian Games and believes that Hangzhou will be able to make it successful.
Comment: From Beijing's bid for the 2022 Winter Olympic Games to the separation of the Chinese Football Association (CFA) from the General Administration of Sports, it shows that the sports industry is gradually playing an important role in driving China's domestic demand. Based on relevant plans, the market size of China's sports industry will exceed 5 trillion yuan by 2025, enjoying a huge potential. Among listed companies, Lander Sports Development Co., Ltd. (000558.SZ) is aggressive in transforming towards the sports industry and focusing on sports contest operation. Changbai Mountain Tourism Co., Ltd. (603099.SH), an exclusive passenger transport operator in the scenic spot of Changbai Mountain, will benefit from winter sports development brought by the Winter Olympic Games. Ledman Optoelectronic Co., Ltd. (300162.SZ) actively conducts sports media business and its display screen has covered about 90 percent of top-level football games. The company has obtained commercial rights and interests.
[Announcement Interpretation]
○ Jinzi Ham to invest in Yingke Venture Capital with RMB370 mln to explore venture capital
------
Jinzi Ham Co., Ltd. (002515.SZ) plans to increase capital in Fujian Yingke Venture Capital Company Limited with 300 million yuan, and also plans to acquire the amount of contribution in Yingke Venture Capital of 2,324,200 yuan and 918,800 yuan held by Qian Mingfei and Han Fujun with 51.60 million yuan and 20.40 million yuan, respectively. Upon completion of transaction, Jinzi Ham will hold 24.80 percent equities of Yingke Venture Capital. Yingke Venture Capital is principally engaged in asset management, equity investment and Internet-based finance. The counterparty promises that its net profit during 2015 to 2018 will be no less than 70.00 million yuan, 189 million yuan, 245 million yuan and 336 million yuan, respectively, and that the annual cash dividend will be no less than 50 percent of distributable profit of the year.
Comment: The funds managed by Yingke Venture Capital once invested in Fujian Torch Electron Technology Co., Ltd. (603678.SH) and Linewell Software Co., Ltd. (603636.SH) which have been successfully listed on Shanghai Stock Exchange. Fujian Guohang Ocean Shipping (Group) Co., Ltd., invested by Yingke Venture Capital, has been listed on the National Equities Exchange and Quotations (NEEQ), commonly known as the New Third Board and similar to OTCBB in the U.S. market. Another two projects invested by Yingke Venture Capital have been submitted to China Securities Regulatory Commission (CSRC) for pre-approval, and five projects are under guidance for being listed. As of July 31, the various investment funds managed by Ying Venture Capital reached a size of 1.2 billion yuan.
○ Splendor Science ＆ Technology to control Comlab
------
Henan Splendor Science ＆ Technology Co., Ltd. (002296.SZ) plans to acquire at least 51 percent equities of Comlab in cash, totaling an amount around 150 million yuan to 210 million yuan. Comlab, a company focusing on communications system for rail transit, enjoys advantage in aspects including the coverage of communications in high-speed railway tunnel. Splendor Science ＆ Technology indicates that the acquisition this time will support the company's strategic planning in WIFI for rail transit and expand its product chain.
○ Hi-Tech Development to shed real estate business with RMB247 mln
------
Chengdu Hi-Tech Development Co., Ltd. (000628.SZ) plans to sell 100 percent equities of Mianyang Brilliant Construction Development Co., Ltd. and Chengdu Brilliant Century Logistics Management Company Limited, held by the company and its controlling subsidiaries, to Chengdu Hi-Tech Investment Real Estate Company Limited and Chengdu Hi-Tech Investment Asset Management Company Limited, and the latter two companies will pay for the transaction with 247 million yuan in cash. Upon completion of the transaction, the company will shed its real estate development and operation as well as logistics management business, reduce related transaction and focus on its main businesses including construction, futures, etc.
○ Guangji Phar. to raise RMB550 mln through private placement, Zexi Investment involved
-----
Hubei Guangji Pharmaceutical Co., Ltd. (000952.SZ) plans to raise 550 million yuan from its substantial shareholder Hubei Province Changjiang Industry Investment Group Co., Ltd. and Changjiang Economic Zone (Hubei) Industrial Acquisition Fund Partnership Enterprise (Limited Partnership) by issuing shares at 11.20 yuan per share through private placement to pay off long-term borrowing and supplement working capital. Changjiang Industry Investment Group and Changjiang Economic Zone (Hubei) Industrial Acquisition Fund will subscribe 400 million yuan and 150 million yuan, respectively. It is noteworthy that among the shareholders of Changjiang Growth Capital Investment Company Limited, one partner of Changjiang Economic Zone (Hubei) Industrial Acquisition Fund (11 percent contribution of capital), Wuhan Zexi Investment Company Limited takes up 25 percent equities of the company.
○ Chacha Food and Sunyard System Engineering to launch staff shareholding plans
------
Chacha Food Company Limited (002257.SZ) plans to launch a staff shareholding plan with maximum fundraising of 150 million yuan. Preferred shares and subordinated shares will be divided at a 2:1 ratio. The company announces termination of acquisition at the same time; Sunyard System Engineering Co., Ltd. (600571.SH) plans to launch a staff shareholding plan with a fundraising no higher than 37.00 million yuan, accounting for 0.31 percent equities of the company's total share capital.
[Financial Reports Express]
○ UTour International Travel forecasts net profit up 50 pct and plans high share conversion
------
Beijing UTour International Travel Service Co., Ltd. (002707.SZ) forecasts its net profit in the first three quarters to increase by 50 to 90 percent year on year. Its net profit posts a year-on-year rise of 63 percent in its interim report and proposes a 10-for-10 conversion of capital surplus into shares. Spring Airlines Co., Ltd. (601021.SH) saw its net profit rising by 128.8 percent year on year in its interim report and proposes a 10-for-10 conversion of capital surplus into shares.
[Weekly Review]
○ Be your own king
------
Last week the stock market was back to a weak adjustment period. As speculations based on state-owned enterprises (SOEs) reform cooled down, stocks related to China Securities Finance Corporation Limited (CSF) reassured investors a little bit. Since Guangdong Meiyan Jixiang Hydropower Co., Ltd. (600868.SH) took the lead to announce its shareholding by CSF and showed good momentum, the market is fascinated by exploring stocks bought by CSF. On the one hand, investors have tried various means to find out the listed companies' shareholding by CSF; on the other hand, companies that are impulsive in market value management declared to the market by all means that CSF used to hold shares in their companies.
We can see that although numbers of companies announced on last Thursday and Friday their shareholding by CSF, the market still remained on a downward track. Actually, nothing is wrong with short-run speculations by taking using of the market sentiments. But investors should rationally treat stocks bought by CSF since CSF merely intended to provide liquidity to the market, and their values were of secondary importance. From a long term, investors should abandon their blind worship to CSF and re-judge stock values. Investors shall be your own king in your investment world.
Forward-looking information is undoubtedly valuable. A good master is always a good listener, so should a wise investor make good use of forward-looking information. Last week, SSN gave hints earlier on the investment opportunities in football reform, and relevant individual stocks saw strong performance in spite of the market adjustment. Stocks related to Hangzhou Asian Games that were mentioned by SSN even earlier continued to rise last week. Every investor is your own king, while SSN is a loyal expostulatory minister at your service.
> Positioning of Beijing-Tianjin-Hebei coordinated development set, relocation of nonessential functions becomes strategic center
> State Council symposium focuses on 3D printing, industry to embrace policies and market opportunities
> Jinzi Ham to invest in Yingke Venture Capital, Splendor Science ＆ Technology to control Comlab
> Hi-Tech Development to shed real estate business with RMB247 mln, Zexi Investment to subscribe private placement of Guangji Phar.
[SSN Focus]
○ Positioning of Beijing-Tianjin-Hebei coordinated development set, relocation of nonessential functions becomes strategic center
------
Xinhua News Agency reported on Aug. 23 that the responsible person from the office of the leading group on Beijing-Tianjin-Hebei coordinated development answered questions from the media and indicated that the positioning of the three provinces and municipalities are: Beijing will become the national center of political, cultural, and international exchange activities as well as a technological innovation center. Tianjin municipality will be a national research and development base for advanced manufacturing industry, a shipping hub for north China, a demonstration area for financial innovation, and an experimental area for further reform and opening up. Hebei Province will be an important national base for trade and logistics, an experimental area for industrial transition and upgrading, a demonstration area of modern urbanization and coordinated development of urban and rural areas, and an ecological buffer zone. The relocation of nonessential functions from Beijing is the core of the strategy on Beijing-Tianjin-Hebei coordinated development. It will reduce the population density in Beijing and achieve harmony between urban development and resources and environment. The strategy aims to form an integrated region of Beijing-Tianjin-Hebei by 2030.
Comment: The "four centers" of Beijing does not include the economic center. It gives up the development of big and complete economic systems and aims to build a high-grade precision and sophisticated economic structure meeting the characteristics of the capital. The three railways, namely Beijing-Tianjin line, Beijing-Baoding-Shijiazhuang line and Beijing-Tangshan-Qinhuangdao line, will evacuate industries with high consumption and regional logistics industries in Beijing as well as certain education and medical institutes. The carrying capacity for industries and pollution in relevant in Hebei Province will be improved. Langfang Development Co., Ltd. (600149.SH), Juli Sling Co., Ltd. (002342.SZ), Tangshan Jidong Equipment And Engineering Co., Ltd. (000856.SZ) and other property and building materials enterprises are likely to benefit.
○ PMI drags down global market, more policies to maintain growth expected
------
The flash Caixin China General Manufacturing Purchasing Managers' Index (PMI) released on Aug. 21 posted 47.1 in August, the lowest level in more than six years. The A-share market plunged on that day. The three major U.S. stock indexes, namely the Dow Jones, Nasdaq and S＆P500, plummeted by over 3 percent, the biggest decrease in a single week in nearly four years. The bulk commodities except gold all declined and the crude oil futures at the New York Stock Exchange fell below 40 U.S. dollars per barrel. The market expects that the possibility of the Federal Reserve to raise the interest rate in September has dropped from 50 percent to 34 percent.
Comment: The slower economic growth in China and the uncertainties in the political situation in Greece caused the fall in the global stock market. But institutes began to pay attention to investment opportunities. Morgan Stanley Huaxin Securities indicated in an interview that the focus of the government policies in China on maintaining economic growth is to attract investment in infrastructure construction with loose fiscal and monetary policies. The current economy is under the bottoming process with heavy downward pressure. More policies on maintaining economic growth are expected. Wells Fargo indicated that the U.S. economy will see stronger growth in the second half and it intends to buy assets with period sensitivity in the sluggish market.
[SSN Selection]
○ The Regulation on Basic Pension Fund Investment was issued for implementation on Aug. 23. The A-share market will embrace new long-term capitals.
○ According to Sina Technology and other media, the three major telecommunication operators in China, namely China Mobile Limited (CHL.NYSE; 00941.HK), China United Network Communications Limited (600050.SH) and China Telecom Corporation Limited (CHA.NYSE; 00728.HK), will convene meetings of leaders on personnel matters on Aug. 24.
○ The scale and number of aircraft in the V-Day parade hit a new high. The new generation of airborne early warning aircraft, bombers, fighters and other various new arms will make their debut.
○ The spokesperson of the China Securities Regulatory Commission indicated that it will continue strict law enforcement and exert heavy pressure on illegal decreases in shareholding.
○ Shanghai introduced 20 financial services and innovation policies in eight aspects to support the construction of the Shanghai Science and Technology Innovation Center.
[Industry Information]
○ State Council symposium focuses on 3D printing, industry to embrace policies and market opportunities
------
The CCTV news reported on Aug. 23 that Chinese Premier Li Keqiang hosted a symposium of the State Council, discussing speeding up the development of advanced manufacturing, 3D printing and other industries. Premier Li pointed out that the intelligent manufacturing featuring deep integration of information technology and manufacturing technology is triggering a profound reform in the whole manufacturing industry. 3D printing is a representative revolutionary technology in the manufacturing industry, which realized the significant change from equivalent and reduced materials to increased materials in the manufacturing industry and altered the idea and models of traditional manufacturing industries. It is of significant value.
Comment: The market size of 3D printing industry posted 3.7 billion yuan in 2014, presenting a year-on-year growth of nearly 100 percent. As the Chinese manufacturing industry is advancing towards intelligentization, the 3D printing will embrace opportunities from policy supports and market demands. In terms of listed companies, Shenzhen Sunshine Laser ＆ Electronics Technology Co., Ltd. (300227.SZ) set up a subsidiary engaged in 3D printing, which will focus on the development in automobile and medical fields. Wuhan Golden Laser Co., Ltd. (300220.SZ) realized mass customized production through the implementation of the 3D printing cloud factory plan. It also increased investment in 3D printing by investing in industry funds.
○ Sports industry plays important role in driving domestic demand, market size with RMB1trln to show up
------
Chinese President Xi Jinping attended the opening ceremony of the 15th IAAF World Championships Beijing 2015 on Aug. 22. When meeting with the chairman of the Olympic Council of Asia, President Xi indicated that the Chinese government will spare no efforts in supporting Hangzhou City to host the Asian Games and believes that Hangzhou will be able to make it successful.
Comment: From Beijing's bid for the 2022 Winter Olympic Games to the separation of the Chinese Football Association (CFA) from the General Administration of Sports, it shows that the sports industry is gradually playing an important role in driving China's domestic demand. Based on relevant plans, the market size of China's sports industry will exceed 5 trillion yuan by 2025, enjoying a huge potential. Among listed companies, Lander Sports Development Co., Ltd. (000558.SZ) is aggressive in transforming towards the sports industry and focusing on sports contest operation. Changbai Mountain Tourism Co., Ltd. (603099.SH), an exclusive passenger transport operator in the scenic spot of Changbai Mountain, will benefit from winter sports development brought by the Winter Olympic Games. Ledman Optoelectronic Co., Ltd. (300162.SZ) actively conducts sports media business and its display screen has covered about 90 percent of top-level football games. The company has obtained commercial rights and interests.
[Announcement Interpretation]
○ Jinzi Ham to invest in Yingke Venture Capital with RMB370 mln to explore venture capital
------
Jinzi Ham Co., Ltd. (002515.SZ) plans to increase capital in Fujian Yingke Venture Capital Company Limited with 300 million yuan, and also plans to acquire the amount of contribution in Yingke Venture Capital of 2,324,200 yuan and 918,800 yuan held by Qian Mingfei and Han Fujun with 51.60 million yuan and 20.40 million yuan, respectively. Upon completion of transaction, Jinzi Ham will hold 24.80 percent equities of Yingke Venture Capital. Yingke Venture Capital is principally engaged in asset management, equity investment and Internet-based finance. The counterparty promises that its net profit during 2015 to 2018 will be no less than 70.00 million yuan, 189 million yuan, 245 million yuan and 336 million yuan, respectively, and that the annual cash dividend will be no less than 50 percent of distributable profit of the year.
Comment: The funds managed by Yingke Venture Capital once invested in Fujian Torch Electron Technology Co., Ltd. (603678.SH) and Linewell Software Co., Ltd. (603636.SH) which have been successfully listed on Shanghai Stock Exchange. Fujian Guohang Ocean Shipping (Group) Co., Ltd., invested by Yingke Venture Capital, has been listed on the National Equities Exchange and Quotations (NEEQ), commonly known as the New Third Board and similar to OTCBB in the U.S. market. Another two projects invested by Yingke Venture Capital have been submitted to China Securities Regulatory Commission (CSRC) for pre-approval, and five projects are under guidance for being listed. As of July 31, the various investment funds managed by Ying Venture Capital reached a size of 1.2 billion yuan.
○ Splendor Science ＆ Technology to control Comlab
------
Henan Splendor Science ＆ Technology Co., Ltd. (002296.SZ) plans to acquire at least 51 percent equities of Comlab in cash, totaling an amount around 150 million yuan to 210 million yuan. Comlab, a company focusing on communications system for rail transit, enjoys advantage in aspects including the coverage of communications in high-speed railway tunnel. Splendor Science ＆ Technology indicates that the acquisition this time will support the company's strategic planning in WIFI for rail transit and expand its product chain.
○ Hi-Tech Development to shed real estate business with RMB247 mln
------
Chengdu Hi-Tech Development Co., Ltd. (000628.SZ) plans to sell 100 percent equities of Mianyang Brilliant Construction Development Co., Ltd. and Chengdu Brilliant Century Logistics Management Company Limited, held by the company and its controlling subsidiaries, to Chengdu Hi-Tech Investment Real Estate Company Limited and Chengdu Hi-Tech Investment Asset Management Company Limited, and the latter two companies will pay for the transaction with 247 million yuan in cash. Upon completion of the transaction, the company will shed its real estate development and operation as well as logistics management business, reduce related transaction and focus on its main businesses including construction, futures, etc.
○ Guangji Phar. to raise RMB550 mln through private placement, Zexi Investment involved
-----
Hubei Guangji Pharmaceutical Co., Ltd. (000952.SZ) plans to raise 550 million yuan from its substantial shareholder Hubei Province Changjiang Industry Investment Group Co., Ltd. and Changjiang Economic Zone (Hubei) Industrial Acquisition Fund Partnership Enterprise (Limited Partnership) by issuing shares at 11.20 yuan per share through private placement to pay off long-term borrowing and supplement working capital. Changjiang Industry Investment Group and Changjiang Economic Zone (Hubei) Industrial Acquisition Fund will subscribe 400 million yuan and 150 million yuan, respectively. It is noteworthy that among the shareholders of Changjiang Growth Capital Investment Company Limited, one partner of Changjiang Economic Zone (Hubei) Industrial Acquisition Fund (11 percent contribution of capital), Wuhan Zexi Investment Company Limited takes up 25 percent equities of the company.
○ Chacha Food and Sunyard System Engineering to launch staff shareholding plans
------
Chacha Food Company Limited (002257.SZ) plans to launch a staff shareholding plan with maximum fundraising of 150 million yuan. Preferred shares and subordinated shares will be divided at a 2:1 ratio. The company announces termination of acquisition at the same time; Sunyard System Engineering Co., Ltd. (600571.SH) plans to launch a staff shareholding plan with a fundraising no higher than 37.00 million yuan, accounting for 0.31 percent equities of the company's total share capital.
[Financial Reports Express]
○ UTour International Travel forecasts net profit up 50 pct and plans high share conversion
------
Beijing UTour International Travel Service Co., Ltd. (002707.SZ) forecasts its net profit in the first three quarters to increase by 50 to 90 percent year on year. Its net profit posts a year-on-year rise of 63 percent in its interim report and proposes a 10-for-10 conversion of capital surplus into shares. Spring Airlines Co., Ltd. (601021.SH) saw its net profit rising by 128.8 percent year on year in its interim report and proposes a 10-for-10 conversion of capital surplus into shares.
[Weekly Review]
○ Be your own king
------
Last week the stock market was back to a weak adjustment period. As speculations based on state-owned enterprises (SOEs) reform cooled down, stocks related to China Securities Finance Corporation Limited (CSF) reassured investors a little bit. Since Guangdong Meiyan Jixiang Hydropower Co., Ltd. (600868.SH) took the lead to announce its shareholding by CSF and showed good momentum, the market is fascinated by exploring stocks bought by CSF. On the one hand, investors have tried various means to find out the listed companies' shareholding by CSF; on the other hand, companies that are impulsive in market value management declared to the market by all means that CSF used to hold shares in their companies.
We can see that although numbers of companies announced on last Thursday and Friday their shareholding by CSF, the market still remained on a downward track. Actually, nothing is wrong with short-run speculations by taking using of the market sentiments. But investors should rationally treat stocks bought by CSF since CSF merely intended to provide liquidity to the market, and their values were of secondary importance. From a long term, investors should abandon their blind worship to CSF and re-judge stock values. Investors shall be your own king in your investment world.
Forward-looking information is undoubtedly valuable. A good master is always a good listener, so should a wise investor make good use of forward-looking information. Last week, SSN gave hints earlier on the investment opportunities in football reform, and relevant individual stocks saw strong performance in spite of the market adjustment. Stocks related to Hangzhou Asian Games that were mentioned by SSN even earlier continued to rise last week. Every investor is your own king, while SSN is a loyal expostulatory minister at your service.
Latest comments