The stock price of Hongye Futures rose 5.8 times on the 20th of listing, and the premium rate among "A+H" companies was the highest nearly 9 times

time:2023-01-28 03:06:45 source:clevelanddrifters.com author:Aviation stock
The stock price of Hongye Futures rose 5.8 times on the 20th of listing, and the premium rate among "A+H" companies was the highest nearly 9 times

On September 1, Hongye Futures (001236.SZ) hit a new high since its listing; the stock price closed at 12.6 yuan, an increase of 2.27%. So far, the stock has risen by 577.42% since its listing, further consolidating its status as the best new stock during the year. It is worth noting that the H shares of Hongye Futures plummeted 4.52% on the day and closed at HK$1.48 per share, the highest premium rate among "A+H" companies, reaching 870.90%. Some analysts believe that the stock price of Hongye Futures A shares has skyrocketed. On the one hand, the issue price is low enough and the market for new shares is relatively hot. On the other hand, because of the continuous favorable policies, the market is optimistic about the company's future expectations. However, the company's valuation has been much higher than the industry average, and ordinary investors should not blindly chase the price. Another new high, the stock price of Hongye Futures rose 5.8 times on the 20th of listing. Recently, the breakout rate of new shares has peaked again. The data shows that among the 7 new stocks listed on the Shanghai and Shenzhen stock exchanges this week, 3 of them broke the first day of listing! However, the performance of some new stocks does not seem to be affected by this! For example, Hongye Futures, on September 1, Hongye Futures The stock price touched a high of 12.68 yuan during the session, a new high since its listing; as of the close, the company's stock price closed at 12.6 yuan, an increase of 2.27%, and a turnover rate of 54.29%. So far, Hongye Futures has increased by 577.42% since its listing, further consolidating its status as the "best new stock of the year". The reporter of "Investment Express" noted that Hongye Futures is the fourth A-share listed futures company after Nanhua Futures (603093.SH), Ruida Futures (002961.SZ), and Yongan Futures (600927.SH). Data shows that the issue price of Hongye Futures A shares is only 1.86 yuan per share, which is the cheapest new stock this year. On August 5, the company landed on the Shenzhen Stock Exchange. On the first day of listing, the stock price rose to 2.68 yuan per share, an increase of 44.09%. Since then, the continuous daily limit mode has been opened, and 17 daily limit plates have been closed in one go. It rose and fell on August 30, and fell 9.31% at the close. However, on August 31, it reached the daily limit again and closed at 12.32 yuan per share. So far, 18 daily limits have been harvested in 19 trading days. According to the data, the main business of Hongye Futures includes commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, fund sales, etc. Comparing the above-mentioned three futures companies, Yongan Futures is considered the "big one", with a revenue of 37.842 billion yuan in 2021 and a net profit of 1.307 billion yuan attributable to the parent; the growth rates of revenue and net profit are also as high as 49% and 14%, respectively. In the first half of this year, due to the decline in market activity, its operating income was 754 million yuan, a year-on-year decrease of 3%; its net profit was 35.2549 million yuan, a year-on-year decrease of 22%. According to the data of the Interim Association, in the first half of the year, the trading volume of my country's futures market was 3.046 billion lots, a year-on-year decrease of 18.04%; the transaction value was 257.48 trillion, a year-on-year decrease of 10.08%. Affected by the decline in market activity in the first half of the year, the market turnover and turnover decreased, the performance of A-share futures companies declined, and various businesses also presented certain pressures. According to the semi-annual report, in the first half of 2022, the net profit of the four A-share listed futures companies all declined significantly year-on-year. Among them, the revenue of Yongan Futures, which is the largest in the industry, increased by 17.18% year-on-year, but its net profit fell by 57.27%. A-shares with the highest premium rate among "A+H" companies have a premium of nearly 9 times compared to H-shares. "Investment Express" reporters noticed that Hongye Futures is the first "A+H" futures company. As early as December 2015, Hongye Futures Industry Futures (03678.HK) is listed on the Hong Kong Stock Exchange, but the stock price has been relatively sluggish, with a minimum of HK$0.59 per share, becoming a "penny stock". Affected by the continued strong performance of A-shares recently, the stock price of Hongye Futures Hong Kong stocks has also recovered, and once touched a high of HK$2.19 per share. However, Hongye Futures Hong Kong stocks plunged 4.52% yesterday to close at HK$1.48 per share (about RMB 1.3 per share). It is one of the “A+H” companies with the highest premium rate. According to the public information of the Shenzhen Stock Exchange after the market, on September 1, Hongye Futures was listed on the list due to the daily turnover rate of 54.29%. According to statistics, the top five trading departments on the list have a total turnover of 137 million yuan, of which the purchase transaction volume is 75.8804 million yuan, and the selling transaction volume is 60.8186 million yuan, with a total net purchase of 15.0618 million yuan. Specifically, among the business departments on the list, Shenzhen Stock Connect is the third largest buying business department and the third largest selling business department, with a buying amount of 12.2143 million yuan and a selling amount of 11.6756 million yuan. It is worth noting that since its listing, Hongye Futures has been on the Dragon and Tiger list many times, and some institutions and hot money seats have also appeared on the Dragon and Tiger list many times. Regarding the skyrocketing A shares of Hongye Futures, market analysts said that Hongye Futures, as the first futures company to list AH at the same time, has a very popular share price. On the one hand, because of the continuous favorable policies, the market is optimistic about the company's future expectations. However, the company's valuation has been much higher than the industry average, and the return of value is a matter of time, and ordinary investors should not blindly chase the price. The reporter of "Investment Express" noticed that on August 26, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said in his speech at the 19th Shanghai Derivatives Forum: "Promote the two-way opening of treasury bond futures. Complete all preparations as soon as possible, and report to QFII and RQFII. Open participation in commodity futures, commodity options and stock index options products to provide overseas traders with more abundant risk management tools.” Industry analysts believe that the regulators will soon further expand the channels and varieties of foreign investment in domestic derivatives transactions, and the futures company business will also gain certain benefits. Haitong Securities predicts that innovative business represented by risk management business will be an important direction for the future transformation and development of the industry. The agency believes that under the environment of fierce homogenization of the futures brokerage business and downward pressure on industry commission rates, the transformation to innovative businesses represented by risk management business is an important direction for the development of futures companies. The revenue and profit contribution of the futures industry will further increase. It is worth noting that in recent years, there have been constant legal disputes in Hongye Futures. It can be seen from the records of the Judgment Documents Network that from 2020 to 2021, there were more than 30 disputes related to Hongye Futures, which were more than those of its peers, and many of the disputes were related to the futures company's obligation to properly educate investors. For example, a case was previously published on the Judgment Documents website, specifically, the plaintiff Mr. Cheng caused the Shanghai Stock Exchange 50ETF option with a market value of 570,000 to return to zero due to missing the expiration date. The disputes over the futures brokerage contract between the defendants Guangzhou Business Department of Hongye Futures, Hongye Futures Co., Ltd. and investors led to discussions on the notification obligations of the futures company.

(Responsible editor:Trend)