The Road to Rebirth Finance

Chapter 449 The Opening Board of Sino-Singapore Communication

If it is said that in Sino-Singapore Communications, what Gu Junhao thinks is to make a wave of rising trend of technology stocks, but for King Ning, it can really be regarded as a value investment.

Counting from today, for at least four years this year, Gu Junhao is not going to reduce his position in King Ning. This is a stock that can make huge profits.

It is the weather vane for the future of the GEM. For a long period of time in the future, Ning Wang will rise, the GEM will rise, Ning Wang will fall, and the GEM will fall. It is not just talking about it.

On that day, Ningwang closed at 66.55 yuan, a daily drop of 5.66%, with a turnover of 86 billion yuan, while the overall turnover of the GEM on that day was less than 625 billion yuan.

The trading volume of one stock of King Ning accounted for 12.8% of the overall trading volume of the GEM!Fortunately, King Ning, which has just been listed, has not yet been included in the GEM index.

Otherwise, today's trading volume and decline are enough to drink a pot of the ChiNext Index, which has already fallen below 1600 points.

Since the resumption of trading in Sino-Singapore Communications on June 6, its continuous limit-down has also affected the 13G concept and the trend of technology stocks, thereby affecting the trend of the index.

6月13日开始，创业板指数在四连阴跌破1600点位之后，至6月22日收盘，收报在1549.66点位。

The trend of the Shanghai Composite Index after June 6 is not much better, and it has closed at 13 points so far.

3000 points is already out of reach for the Shanghai Composite Index, let alone 3200 points.

At 05:30 in the afternoon, Ning Wang, whose daily turnover was as high as 59%, and Ning Wang, whose turnover was 86 billion yuan, once again appeared on the dragon and tiger list.

The Junshi department is in full swing, and the first three seats are all dedicated to Junshi mobile institutions. The total purchase of the three seats is 13.24 billion yuan!

Junshi No. 6.8 bought the most funds. Junshi No. 4.38 alone bought more than [-] million yuan, followed by Xu Jianqing's self-operated market, which bought [-] million yuan.

13.24 billion yuan is far from the final holding figure of the Junshi Department. King Ning, who had a market value of more than one trillion yuan at its peak, would not mind buying him for billions.

Gu Junhao is not afraid of appearing on the list of the top ten shareholders. Today's big purchases must not escape the eyes of interested people.

Such a stock promoted by the joint efforts of capital will not change its expected trend because of Gu Junhao's generous intervention.

Now the Junshi Department, which is also considered a member of the capital, will even play a certain role in promoting it.

In Gu Junhao's impression, King Ning has never done a share transfer. Except for a few fixed increases, it has actually increased for several years, just like Maotai on the main board.

As a GEM stock, the stock price has risen to several hundred yuan, but it does not convert shares, which is indeed worthy of the title of leader.

But then again, if King Ning switches shares, it will also represent the beginning of a new stage for him to some extent.

Gu Junhao has no way of knowing whether the stock price will rise or fall at the time of the share conversion, but the price will definitely drop a step, at least a long period of downturn will definitely occur.

Just like Maotai, although there are people saying that Maotai should be given a high rate of transfer every day, if it is really a high rate of transfer, then Maotai will also fall from the altar, this is certain and certain.

Retail investors can't afford it, and to a certain extent, it is one of Maotai's gods. Now that Maotai is priced at 800 yuan, retail investors don't know that his expectations are still there, but they can't afford it.

Statistics show that there are not many ordinary shareholders with a market value of more than 50 in A-share holdings. To buy 100 shares of Maotai Liquor, it will cost [-] to [-] yuan, which is unaffordable for most shareholders.

Over the weekend, the central bank announced that starting from July 7th, it would cut the reserve requirement ratio by 5 percentage points, releasing certain benefits to the market. Affected by this, the Shanghai and Shenzhen stock markets opened higher on Monday, June 0.5th. .

"This high drive won't last long, right?" Liu Tingting looked at Gu Junhao.

"It won't last long, it lasted all morning."

Under the weak market, any good that has not changed substantially will not work, and the final result of the market is nothing more than opening high and moving low.

The difference is just how long the high opening can last, and the small benefit of the RRR cut can add fire to the market during the bull market.

But in a real bear market, it can play very little role, not to mention targeted RRR cuts.

The stock market continues to slump, and the days of real price investment have not been easy for Jun recently. The position cannot be so flexible. Since the net worth retracement in April, it has been in a downward state for two consecutive months.

This month, it seems that the downward trend is still unstoppable, and there are naturally more scolding voices in the comment area, including those who scolded Gu Junhao, Liu Tingting, and the entire trading team.

All in all, no matter how good you were before or how good your performance was, as long as there are investors who are trapped, you must be prepared to be scolded.

Compared with Junshishi Investment, the performance retracement is not much, and those fund managers with a relatively high retracement rate are treated worse. Compared with these fund managers, Gu Junhao at least has some halo.

"Keep an eye on China-Singapore Newsletter today. Last Friday, he put a lot of effort into it. It may be launched today."

"Okay, no problem, are Hong Kong stocks still copying?"

"The Hong Kong stock market is like that. Our real foundation is still in the A-shares. It's okay to copy more A-shares, and it's easy to get out."

China-Singapore Telecom’s call auction today still opened at the limit-down price, and the stock price was quoted at 13.48 yuan, which is around 12 yuan, and there is still a decline of around the limit-down price.

However, it is clear that this drop around the limit cannot be achieved at once. The changes in call auctions last Friday and today have already shown that this stock is about to open.

In the future, on the basis of this decline, we will make a second dip, and by the way, we will wash away some floating chips that are not firm in willpower.

During the call auction of Sino-Singapore Telecom today, some funds have already intervened tentatively, and Gu Junhao also asked traders to try to place some buy orders.

At 9:30, the trading officially started, and the trading volume of China-Singapore Communications exploded. The turnover was nearly 26 billion yuan in a few tens of seconds. The stock price was pulled up to 14.10 yuan in a straight line, and the decline narrowed to 5.87%.

Since June 6, after the resumption of trading, after seven consecutive one-word limit-downs, Sino-Singapore Communications has finally opened the limit-down, but the selling pressure is still very serious.

The selling pressure does not actually come from retail investors. In the current situation, retail investors have already flattened out, bought around 35 yuan, and dared to sell for the first time after the seven limit downs. After all, there are only a small number of retail investors.

On the contrary, they may increase positions at this time in order to reduce costs; or do T in order to get rid of the set as soon as possible. The process of retail investors cutting meat is more in the process of the second dip in stocks.

At this time, the panic of breaking the previous low will make them fear that the stock price will fall to a deeper level, so they choose to cut the meat.

The selling pressure of Sino-Singapore Telecom, which opened on the first day of trading today, mainly came from some financing offers, as well as the stop losses of institutions. This is the chain effect brought by the black swan.

Using a private equity fund like Junshi No. 20 as an example, suppose there is a private equity fund with a scale of hundreds of millions or billions, at a price of 30 yuan or [-] yuan, with a full position in Sino-Singapore Communications.

When the stock price falls below the cost line by 20% or 30% continuously, the fund must be forced to stop losses.

On the first trading day after the opening of the board, taking advantage of the explosive volume, the loss must be unconditionally stopped.

At 9:36, Sino-Singapore Telecom once again returned to the lower limit price of 13.48 yuan. In just 6 minutes, the turnover was nearly 40 billion yuan.

"You just hang on to the limit price to buy, let's hang on to 5% of the overall position, and buy as much as you can."

Today is the first day to open a warehouse and release the A-share version of Sino-Singapore Communications. It is still the three major sectors of the company’s secondary market that are bought together. It is possible to buy Sino-Singapore Communications at the eighth limit. Such opportunities are not many .

In fact, the market reaction was a bit excessive. The $10 billion confiscation was equivalent to the net profit of Sino-Singapore Communications last year. This confiscation caused major losses to the company, which is understandable.

This year, Sino-Singapore Telecom will definitely suffer a huge loss throughout the year. There is no doubt about it, but the stock price has fallen by two-thirds, which is also a bit exaggerated.

The premise of handing in the US$10 billion is to lift the ban on Sino-Singapore Communications. Compared with the ban, the US$10 billion has minimized the loss.

From a strategic point of view, it is not controversial to use a huge loss for one year in exchange for the normal operation of the company's business in the future.

The mission of state-owned enterprises is essentially different from that of private enterprises, not to mention Sino-Singapore Communications, a leading enterprise undertaking 5G technological reform.

Although it is very aggrieved, if you think about it in your own shoes, using a year's profit in exchange for a breakthrough in 5G in the future, this is already the best result.

The reason why the capital market has reacted so violently is that apart from uncertainty about the future environment, there are other reasons for man-made panic.

After all, the sum of the lower limit in the first seven days is less than 3 million yuan in trading volume; it can be said that this is a game of killing more, through large orders, some financing and institutional positions are blown out, So that you can get more chips.

The expected opening high and low movement arrived on time at 10:30 in the transaction, and the three major indexes fell back step by step.

On the disk of the two markets, apart from the concept of debt-to-equity swap driven by targeted RRR cuts, there is not much of this, and the market conditions in the two markets are still relatively bleak.

The onshore RMB fell below the 6.54 mark, setting a new low since 2018. The affected aviation sector fell sharply across the board. Air China and China Eastern Airlines once approached the limit.

The stock price of Sino-Singapore Communications, which has been under heavy selling pressure, has not changed much, and has remained at around -9.5%, which seems a bit deliberate.

Only in this way can more bargaining chips be absorbed by the continuous oscillation of the low position. Gu Junhao is also very happy to see this, and cooperates with the market to go long at the low position.

At this time, the bottom-buying outside the market seems to have reached a consensus at this moment, that is, the bottom-buying is constantly going on, and the trading is also extremely active, but there are no big orders.

(End of this chapter)