[Today’s Guide]
> Key policies on maintaining economic growth to introduce soon, Hualong One nuclear power unit approved
> Face identification technology launched in tickets checking at stations, three ministries and commissions to issue new PV policies
> Power transmission and distribution pricing reform to pilot in another four province, Join In to acquire equities of Wingtech
> East Money Information to fully control Tongxin Securities, trading deposit sees net inflow of RMB273 bln last week,
[XFA Focus]
○ Key policies on maintaining economic growth to introduce soon, Hualong One nuclear power unit approved
------
It is announced on April 15 that the GDP growth in the first quarter increased 7 percent year on year, setting a new low in six years. The growth in three drivers to economic growth, namely investment, export and consumption, declined on the whole. Chinese Premier Li Keqiang chaired an executive meeting of the State Council on the same day, setting major tasks in the economic structural reform in 2015 to inject impetus into deepening reform. It approved the construction of the Hualong One pilot nuclear power unit with the third-generation technology to make energy structural adjustment and promote steady economic growth. XFA learnt from China National Nuclear Corporation (CNNC) that as the first trendsetter of Hualong One, the Fuqing Phase-II projects controlled by CNNC is preliminarily planned to kick off in end-April to early-May.
Comment: Many analysts estimate that various policies will be introduced in the second quarter. The cut of required reserve ratio and interest rate draws near. In terms of industrial policies, the nuclear power is an advanced manufacturing industry with technical advantages in the world and can prevent the pollutants emission from thermal power plants. The development nuclear power has various advantages. In terms of listed companies, Zhefu Holding Group Co., Ltd. (002266.SZ) provides nuclear control rods drivers to Hualong One. Shanghai Electric Group Company Limited (02727.HK; 601727.SH) is a supplier of turbo generator units to Hualong One. Sichuan Danfu Compressor Co., Ltd. (002366.SZ) is a star private enterprise on the third-generation nuclear power enterprise list. The trading volume ranking list shows that it was bought by institutes with 66.22 million yuan in recent three days.
[XFA Selection]
○ The raising of the first structured fund in the banking sector closed in advance with nearly 4 billion yuan collected. Many insurance assets management companies are bullish about the banking sector with relatively valuations.
○ SSE 50 and CSI 500 index futures traded on April 16. Based on the listing prices, a maximum of 91,800 yuan and 156,400 yuan is needed for each lot.
○ The symposium on the coordinated development of general aviation in Eastern China was held on April 15. The Civil Aviation Administration indicated that it will further the non-governmental participation in the general aviation industry.
○ The Shanghai Municipal Government issued the circular on accelerating the development of modern vocational education, proposing that the proportion of high-skilled to laborers will reach 35 percent in 2020.
○ A large-scale dust storm hit Northern China on April 15. The Beijing Meteorological Bureau indicated that the sand storm is the most serious one in 13 years.
[Industry Information]
○ Face identification technology launched in tickets checking at stations, multi-application to accelerate industrial development
------
The WWW.CHINANEWS.COM reported on April 15 that the Nanjiao Bus Station at Urumqi City, Xinjiang Uygur Autonomous Region firstly launched the face identification technology in the whole region. Combined with the real-name ticket-selling system, the face identification technology can automatically check tickets and significantly improve efficiency. Tencent Holdings Limited (00700.HK) recently announced that Tenpay, a payment system under it, has reached a strategic cooperation agreement on the image comparison services with the National Citizen Identity Information Center.
Comment: The face identification technology has been applied in various areas. Besides the tickets checking system, the Internet-based banks will also introduce the face identification technology in identification verification and distant accounts opening as well as other businesses. Institutes believe that the identification demand in the public security, financial payment and information security will facilitate the burst of the face identification technology. Among listed companies, Wisesoft Co., Ltd. (002253.SZ) owns the three-dimensional identification technology and greatly leads its domestic competitors in the technological level and progress. Pci-suntek Technology Co., Ltd. (600728.SH) held a press conference on the core technology in face identification on April 15. Its face identification products will conduct scaled commercial application.
○ Three ministries and commissions to issue new PV policies, access financing and subsidizing cooperation to strengthen
------
XFA learnt from the 9th China New Energy International Forum opened on April 15 that the Ministry of Industry and Information Technology (MIIT), the China Banking Regulatory Commission (CBRC) and the National Energy Administration (NEA) will prepare specific policies and measures to strengthen the industrial manufacturing standards, the coordination among credit financing and the granting of subsidized on power stations construction and deepen the implementation of photovoltaic policies. Meanwhile, it will promote the mergers and acquisitions of photovoltaic enterprises and lead the sound development of the industry.
Comment: The NEA officially announced that the photovoltaic installed capacity in 2015 reached 17.8GW, far beyond the previous target f 15GW, which lay a solid foundation for the high industrial growth for this year. The implementation of more detailed industrial policies will guarantee the accomplishment of photovoltaic installed capacity target. In terms of listed companies, Jiangsu Akcome Science and Technology Co., Ltd. (002610.SZ) operates a photovoltaic power station of more than 500MW. It plans to install another 700MW with an increase of nearly 80 percent. Shenzhen Rainbow Fine Chemical Industry Co., Ltd. (002256.SZ) enjoys abundant photovoltaic power station reserves and the in-grid power stations are expected to reach 600MW by the end of the year.
○ Power pricing reform to speed up, power transmission and distribution pricing reform to pilot in another four provinces
------
The National Development and Reform Commission (NDRC) announced on April 15 that Anhui Province, Hubei Province, Ningxia Hui Autonomous Region and Yunnan Province are covered by the pilot power transmission and distribution pricing reform.
Comment: Various supporting policies on the power pricing reform have been introduced since the beginning of the year. The coverage of the pilot power transmission and distribution pricing reform to another four provinces means the acceleration in the power transmission and distribution pricing reform. It will facilitate breaking the power grid monopoly, establish the market mechanism in the power-selling end and bring development opportunities to upstream and downstream enterprises. Power generation enterprises with cost advantages and major downstream power consumers will benefit. Yunnan Aluminium Co., Ltd. (000807.SZ) is principally engaged in electrolytic aluminium with the power cost accounting for nearly 40 percent. Ning Xia Yin Xing Energy Co., Ltd. (000862.SZ) is engaged in wind power. The power pricing reform will improve the demand and consumption of new energy.
[Announcement Interpretation]
○ Join In to acquire equities of Wingtech through private placement
------
Join In (holding) Co., Ltd. (600745.SH) proposes to issue 154 million shares at 11.86 yuan per share to acquire 51 percent equities of Wingtech held by Winworld Investment Co., Ltd. with 1.83 billion yuan. Wingtech committed that its results from 2015 to 2017 will be no less than 210 million yuan, 320 million yuan and 450 million yuan, respectively. The listed company recorded a net profit of 53.83 million yuan last year. Wingtech is principally engaged in the manufacturing of mobile Internet access equipment dominated by smart phones. Its major clients include Huawei Technologies Co. Ltd., Xiaomi, Lenovo and Meizu. Besides the property development, the listed company will also conduct the development and manufacturing of mobile telecommunication equipment and products after the transaction.
○ East Money Information to fully control Tongxin Securities with over RMB4 bln
------
East Money Information Co., Ltd. (300059.SZ) plans to acquire 100 percent shares of Tongxin Securities by issuing shares at 28.53 yuan per share to Yutong Group and Tibet Investment Co., Ltd. through private placement. It will also raise a supporting fund of 1,333 million yuan to 1.5 billion yuan through private placement. Tongxin Securities is expected to be valued at 4 billion yuan to 4.5 billion yuan. It recorded a net profit of 210 million yuan in 2014, representing an increase of 1,221 percent. East Money Information expects its net profit in the first quarter to hike 400 percent to 430 percent and its net profit in 2014 saw a year-on-year growth of 3,214 percnet. It proposes a 2-for-10 conversion of capital surplus into shares with another 2 shares combined with 0.6 yuan dividend for every 10 shares
○ Investment companies add stakes in Xinhua Commercial
------
The shares of Yinchuan Xinhua Commercial (Group) Co., Ltd. (600785.SH) were acquired by more than 5 percent shares through secondary market acquisition. As persons acting in concert, Shanghai Bao Yin Chuang Ying Investment Management Co., Ltd. and Shanghai Zhaoying Equities Investment and Fund Management Co., Ltd. totally hold more than 5 percent shares of the company by April 14 and they are possibly to increase the shareholding in the company in the following 12 months. The former holds 3.81 percent shares through three funds with a buy price of 15.18 yuan to 17.85 yuan. The latter holds 1.2058 percent shares through its products with a buy price of 16.84 yuan to 18.12 yuan. The latest stock price of Xinhua Commercial is 17.04 yuan.
○ Net263 to acquire partner of China United Network to develop global mobile and virtual communication business
------
Net263 Ltd. (002467.SZ) intends to establish the Net263 Mobile Telecommunication Hong Kong Company to expand the global Chinese mobile telecommunication service with a contribution of 52.50 U.S. dollars from its wholly-owned subsidiary Guangzhou Net263. The company proposes to acquire 100 percent equities of Delcom (HK) Limited with an investment of 100 million yuan from Net263 Mobile Telecommunication Hong Kong. Delcom (HK) is the exclusive partner of China United Network Communications Limited (600050.SH; 000762.HK) in the operation platform for its “prepaid international roaming services” and the “one card with double numbers services”. It recorded a net profit of 4.62 million yuan in 2014.
[Financial Reports Express]
○ Blue Sail Medical and Tianwei Baobian Electric expect large surge of net profit in Q1
------
Thanks to the sales of 100 percent equities of Shandong Langhui Petrochemical Co., Ltd., Blue Sail Medical Co., Ltd. (002382.SZ) expects its net profit in the first quarter to grow by 470~520 percent from year on year; due to the investment return achieved by transferring the equities of companies it holds, Baoding Tianwei Baobian Electric Co., Ltd. (600550.SH) sees a year-on-year growth of net profit by 440 percent in the first quarter.
○ Sunway Communication, Mendale Hometextile, SBS Zipper Science & Technology and Tecon Animal Husbandry Bio-Technology plan high share conversion and dividend
------
With net profit in 2014 seeing a year-on-year growth of 196 percent, Shenzhen Sunway Communication Co., Ltd. (300136.SZ) plans a 10-for-10 conversion of capital surplus into shares combined with 0.5 yuan dividend; with net profit in 2014 seeing a year-on-year growth of 50 percent, Hunan Mendale Hometextile Co., Ltd. (002397.SZ) plans a 12-for-10 conversion of capital surplus into shares combined with 2 yuan dividend; with net profit in 2014 seeing a year-on-year growth of 29 percent, Fujian SBS Zipper Science & Technology Co., Ltd. (002098.SZ) plans a 10-for-10 conversion of capital surplus into shares combined with 1.1 yuan dividend; with net profit in 2014 seeing a year-on-year growth of 23 percent, Xinjiang Tecon Animal Husbandry Bio-Technology Co. Ltd. (002100.SZ) plans a 10-for-10 conversion of capital surplus into shares combined with 1 yuan dividend.
[Trading Trends]
○ Trading deposit sees net inflow of RMB273 bln last week, OTC capital sustains enthusiasm towards stock market
------
Latest data from China Securities Investor Protection Funds (SIPF) shows that the securities trading deposit saw a net inflow of 273 billion yuan last week (April 7-10), indicating a net inflow for three consecutive weeks. Moreover, the data released by China Securities Depository and Clearing Corporation Limited (CSDC) on Tuesday says that 1.68 million A-share accounts were newly opened in the Shanghai and Shenzhen Stock Markets last week, setting a new high since statistics began.
Comment: Though part of the large inflow of trading deposit last week aims to participate in IPOs, the new high of newly-opened accounts and the large inflow of trading deposit both indicate that OTC capital shows more and more intensified expectation on a stronger stock market. Multi surveyed institutions indicate that the sharp dip of the Small and Medium-sized Enterprises Board and the ChiNext Board does not mean the end of the market. It is normal to see correction after consecutive surge of stock indexes. Policies emerge continuously to support sluggish economy, and the positive circulation between the inflow of incremental capital and the “money-making effect” is not damaged yet. During market fluctuation, investors can actively layout significant policies not executed yet including policies for SOEs reform, the Water Pollution Prevention and Control Action Plan, underground facility, etc.
[Trading Alarms]
○ Five new stocks including Great Power Energy & Technology start subscription on April 16
------
Guangzhou Great Power Energy & Technology Co., Ltd. (300438.SZ) issues shares at 14.87 yuan per share with an up-limit per account of 8,000 shares; Shenzhen Esun Display Co., Ltd. (002751.SZ) issues shares at 10.48 yuan per share with an up-limit per account of 6,500 shares; Guangzhou Boji Medical & Biotechnological Co., Ltd. (300404.SZ) issues shares at 12.87 yuan per share with an up-limit per account of 6,500 shares; Sichuan Goldstone Orient New Material Equipment Co., Ltd. (300434.SZ) issues shares at 10.57 yuan per share with an up-limit per account of 6,500 shares; Shanghai Precise Packaging Co., Ltd. (300442.SZ) issues shares at 19.17 yuan per share with an up-limit per account of 10,000 shares. Maximum subscription needs 530,000 yuan. Institutions recommend Great Power Energy & Technology which is principally engaged in lithium battery.
> Key policies on maintaining economic growth to introduce soon, Hualong One nuclear power unit approved
> Face identification technology launched in tickets checking at stations, three ministries and commissions to issue new PV policies
> Power transmission and distribution pricing reform to pilot in another four province, Join In to acquire equities of Wingtech
> East Money Information to fully control Tongxin Securities, trading deposit sees net inflow of RMB273 bln last week,
[XFA Focus]
○ Key policies on maintaining economic growth to introduce soon, Hualong One nuclear power unit approved
------
It is announced on April 15 that the GDP growth in the first quarter increased 7 percent year on year, setting a new low in six years. The growth in three drivers to economic growth, namely investment, export and consumption, declined on the whole. Chinese Premier Li Keqiang chaired an executive meeting of the State Council on the same day, setting major tasks in the economic structural reform in 2015 to inject impetus into deepening reform. It approved the construction of the Hualong One pilot nuclear power unit with the third-generation technology to make energy structural adjustment and promote steady economic growth. XFA learnt from China National Nuclear Corporation (CNNC) that as the first trendsetter of Hualong One, the Fuqing Phase-II projects controlled by CNNC is preliminarily planned to kick off in end-April to early-May.
Comment: Many analysts estimate that various policies will be introduced in the second quarter. The cut of required reserve ratio and interest rate draws near. In terms of industrial policies, the nuclear power is an advanced manufacturing industry with technical advantages in the world and can prevent the pollutants emission from thermal power plants. The development nuclear power has various advantages. In terms of listed companies, Zhefu Holding Group Co., Ltd. (002266.SZ) provides nuclear control rods drivers to Hualong One. Shanghai Electric Group Company Limited (02727.HK; 601727.SH) is a supplier of turbo generator units to Hualong One. Sichuan Danfu Compressor Co., Ltd. (002366.SZ) is a star private enterprise on the third-generation nuclear power enterprise list. The trading volume ranking list shows that it was bought by institutes with 66.22 million yuan in recent three days.
[XFA Selection]
○ The raising of the first structured fund in the banking sector closed in advance with nearly 4 billion yuan collected. Many insurance assets management companies are bullish about the banking sector with relatively valuations.
○ SSE 50 and CSI 500 index futures traded on April 16. Based on the listing prices, a maximum of 91,800 yuan and 156,400 yuan is needed for each lot.
○ The symposium on the coordinated development of general aviation in Eastern China was held on April 15. The Civil Aviation Administration indicated that it will further the non-governmental participation in the general aviation industry.
○ The Shanghai Municipal Government issued the circular on accelerating the development of modern vocational education, proposing that the proportion of high-skilled to laborers will reach 35 percent in 2020.
○ A large-scale dust storm hit Northern China on April 15. The Beijing Meteorological Bureau indicated that the sand storm is the most serious one in 13 years.
[Industry Information]
○ Face identification technology launched in tickets checking at stations, multi-application to accelerate industrial development
------
The WWW.CHINANEWS.COM reported on April 15 that the Nanjiao Bus Station at Urumqi City, Xinjiang Uygur Autonomous Region firstly launched the face identification technology in the whole region. Combined with the real-name ticket-selling system, the face identification technology can automatically check tickets and significantly improve efficiency. Tencent Holdings Limited (00700.HK) recently announced that Tenpay, a payment system under it, has reached a strategic cooperation agreement on the image comparison services with the National Citizen Identity Information Center.
Comment: The face identification technology has been applied in various areas. Besides the tickets checking system, the Internet-based banks will also introduce the face identification technology in identification verification and distant accounts opening as well as other businesses. Institutes believe that the identification demand in the public security, financial payment and information security will facilitate the burst of the face identification technology. Among listed companies, Wisesoft Co., Ltd. (002253.SZ) owns the three-dimensional identification technology and greatly leads its domestic competitors in the technological level and progress. Pci-suntek Technology Co., Ltd. (600728.SH) held a press conference on the core technology in face identification on April 15. Its face identification products will conduct scaled commercial application.
○ Three ministries and commissions to issue new PV policies, access financing and subsidizing cooperation to strengthen
------
XFA learnt from the 9th China New Energy International Forum opened on April 15 that the Ministry of Industry and Information Technology (MIIT), the China Banking Regulatory Commission (CBRC) and the National Energy Administration (NEA) will prepare specific policies and measures to strengthen the industrial manufacturing standards, the coordination among credit financing and the granting of subsidized on power stations construction and deepen the implementation of photovoltaic policies. Meanwhile, it will promote the mergers and acquisitions of photovoltaic enterprises and lead the sound development of the industry.
Comment: The NEA officially announced that the photovoltaic installed capacity in 2015 reached 17.8GW, far beyond the previous target f 15GW, which lay a solid foundation for the high industrial growth for this year. The implementation of more detailed industrial policies will guarantee the accomplishment of photovoltaic installed capacity target. In terms of listed companies, Jiangsu Akcome Science and Technology Co., Ltd. (002610.SZ) operates a photovoltaic power station of more than 500MW. It plans to install another 700MW with an increase of nearly 80 percent. Shenzhen Rainbow Fine Chemical Industry Co., Ltd. (002256.SZ) enjoys abundant photovoltaic power station reserves and the in-grid power stations are expected to reach 600MW by the end of the year.
○ Power pricing reform to speed up, power transmission and distribution pricing reform to pilot in another four provinces
------
The National Development and Reform Commission (NDRC) announced on April 15 that Anhui Province, Hubei Province, Ningxia Hui Autonomous Region and Yunnan Province are covered by the pilot power transmission and distribution pricing reform.
Comment: Various supporting policies on the power pricing reform have been introduced since the beginning of the year. The coverage of the pilot power transmission and distribution pricing reform to another four provinces means the acceleration in the power transmission and distribution pricing reform. It will facilitate breaking the power grid monopoly, establish the market mechanism in the power-selling end and bring development opportunities to upstream and downstream enterprises. Power generation enterprises with cost advantages and major downstream power consumers will benefit. Yunnan Aluminium Co., Ltd. (000807.SZ) is principally engaged in electrolytic aluminium with the power cost accounting for nearly 40 percent. Ning Xia Yin Xing Energy Co., Ltd. (000862.SZ) is engaged in wind power. The power pricing reform will improve the demand and consumption of new energy.
[Announcement Interpretation]
○ Join In to acquire equities of Wingtech through private placement
------
Join In (holding) Co., Ltd. (600745.SH) proposes to issue 154 million shares at 11.86 yuan per share to acquire 51 percent equities of Wingtech held by Winworld Investment Co., Ltd. with 1.83 billion yuan. Wingtech committed that its results from 2015 to 2017 will be no less than 210 million yuan, 320 million yuan and 450 million yuan, respectively. The listed company recorded a net profit of 53.83 million yuan last year. Wingtech is principally engaged in the manufacturing of mobile Internet access equipment dominated by smart phones. Its major clients include Huawei Technologies Co. Ltd., Xiaomi, Lenovo and Meizu. Besides the property development, the listed company will also conduct the development and manufacturing of mobile telecommunication equipment and products after the transaction.
○ East Money Information to fully control Tongxin Securities with over RMB4 bln
------
East Money Information Co., Ltd. (300059.SZ) plans to acquire 100 percent shares of Tongxin Securities by issuing shares at 28.53 yuan per share to Yutong Group and Tibet Investment Co., Ltd. through private placement. It will also raise a supporting fund of 1,333 million yuan to 1.5 billion yuan through private placement. Tongxin Securities is expected to be valued at 4 billion yuan to 4.5 billion yuan. It recorded a net profit of 210 million yuan in 2014, representing an increase of 1,221 percent. East Money Information expects its net profit in the first quarter to hike 400 percent to 430 percent and its net profit in 2014 saw a year-on-year growth of 3,214 percnet. It proposes a 2-for-10 conversion of capital surplus into shares with another 2 shares combined with 0.6 yuan dividend for every 10 shares
○ Investment companies add stakes in Xinhua Commercial
------
The shares of Yinchuan Xinhua Commercial (Group) Co., Ltd. (600785.SH) were acquired by more than 5 percent shares through secondary market acquisition. As persons acting in concert, Shanghai Bao Yin Chuang Ying Investment Management Co., Ltd. and Shanghai Zhaoying Equities Investment and Fund Management Co., Ltd. totally hold more than 5 percent shares of the company by April 14 and they are possibly to increase the shareholding in the company in the following 12 months. The former holds 3.81 percent shares through three funds with a buy price of 15.18 yuan to 17.85 yuan. The latter holds 1.2058 percent shares through its products with a buy price of 16.84 yuan to 18.12 yuan. The latest stock price of Xinhua Commercial is 17.04 yuan.
○ Net263 to acquire partner of China United Network to develop global mobile and virtual communication business
------
Net263 Ltd. (002467.SZ) intends to establish the Net263 Mobile Telecommunication Hong Kong Company to expand the global Chinese mobile telecommunication service with a contribution of 52.50 U.S. dollars from its wholly-owned subsidiary Guangzhou Net263. The company proposes to acquire 100 percent equities of Delcom (HK) Limited with an investment of 100 million yuan from Net263 Mobile Telecommunication Hong Kong. Delcom (HK) is the exclusive partner of China United Network Communications Limited (600050.SH; 000762.HK) in the operation platform for its “prepaid international roaming services” and the “one card with double numbers services”. It recorded a net profit of 4.62 million yuan in 2014.
[Financial Reports Express]
○ Blue Sail Medical and Tianwei Baobian Electric expect large surge of net profit in Q1
------
Thanks to the sales of 100 percent equities of Shandong Langhui Petrochemical Co., Ltd., Blue Sail Medical Co., Ltd. (002382.SZ) expects its net profit in the first quarter to grow by 470~520 percent from year on year; due to the investment return achieved by transferring the equities of companies it holds, Baoding Tianwei Baobian Electric Co., Ltd. (600550.SH) sees a year-on-year growth of net profit by 440 percent in the first quarter.
○ Sunway Communication, Mendale Hometextile, SBS Zipper Science & Technology and Tecon Animal Husbandry Bio-Technology plan high share conversion and dividend
------
With net profit in 2014 seeing a year-on-year growth of 196 percent, Shenzhen Sunway Communication Co., Ltd. (300136.SZ) plans a 10-for-10 conversion of capital surplus into shares combined with 0.5 yuan dividend; with net profit in 2014 seeing a year-on-year growth of 50 percent, Hunan Mendale Hometextile Co., Ltd. (002397.SZ) plans a 12-for-10 conversion of capital surplus into shares combined with 2 yuan dividend; with net profit in 2014 seeing a year-on-year growth of 29 percent, Fujian SBS Zipper Science & Technology Co., Ltd. (002098.SZ) plans a 10-for-10 conversion of capital surplus into shares combined with 1.1 yuan dividend; with net profit in 2014 seeing a year-on-year growth of 23 percent, Xinjiang Tecon Animal Husbandry Bio-Technology Co. Ltd. (002100.SZ) plans a 10-for-10 conversion of capital surplus into shares combined with 1 yuan dividend.
[Trading Trends]
○ Trading deposit sees net inflow of RMB273 bln last week, OTC capital sustains enthusiasm towards stock market
------
Latest data from China Securities Investor Protection Funds (SIPF) shows that the securities trading deposit saw a net inflow of 273 billion yuan last week (April 7-10), indicating a net inflow for three consecutive weeks. Moreover, the data released by China Securities Depository and Clearing Corporation Limited (CSDC) on Tuesday says that 1.68 million A-share accounts were newly opened in the Shanghai and Shenzhen Stock Markets last week, setting a new high since statistics began.
Comment: Though part of the large inflow of trading deposit last week aims to participate in IPOs, the new high of newly-opened accounts and the large inflow of trading deposit both indicate that OTC capital shows more and more intensified expectation on a stronger stock market. Multi surveyed institutions indicate that the sharp dip of the Small and Medium-sized Enterprises Board and the ChiNext Board does not mean the end of the market. It is normal to see correction after consecutive surge of stock indexes. Policies emerge continuously to support sluggish economy, and the positive circulation between the inflow of incremental capital and the “money-making effect” is not damaged yet. During market fluctuation, investors can actively layout significant policies not executed yet including policies for SOEs reform, the Water Pollution Prevention and Control Action Plan, underground facility, etc.
[Trading Alarms]
○ Five new stocks including Great Power Energy & Technology start subscription on April 16
------
Guangzhou Great Power Energy & Technology Co., Ltd. (300438.SZ) issues shares at 14.87 yuan per share with an up-limit per account of 8,000 shares; Shenzhen Esun Display Co., Ltd. (002751.SZ) issues shares at 10.48 yuan per share with an up-limit per account of 6,500 shares; Guangzhou Boji Medical & Biotechnological Co., Ltd. (300404.SZ) issues shares at 12.87 yuan per share with an up-limit per account of 6,500 shares; Sichuan Goldstone Orient New Material Equipment Co., Ltd. (300434.SZ) issues shares at 10.57 yuan per share with an up-limit per account of 6,500 shares; Shanghai Precise Packaging Co., Ltd. (300442.SZ) issues shares at 19.17 yuan per share with an up-limit per account of 10,000 shares. Maximum subscription needs 530,000 yuan. Institutions recommend Great Power Energy & Technology which is principally engaged in lithium battery.
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