boyutpedia Chapter 1314 [Voluntarily delisting from the main board and wanting to relist on the SGX? ]
Chapter 1314 [Voluntarily delisting from the main board and wanting to relist on the SGX? ]
Chapter 1314 [Voluntarily delisting from the main board and wanting to relist on the SGX? ]
After the Xinzheng 50 Index hit the bottom of 2600 points, Fang Hong decided to launch a round of exponential market trend, which would start right after the New Year's Day.
However, it is impossible and must not be possible to publicly state one's intentions. If one really says it out loud, the entire market will go completely crazy, and the Xinzheng 50 Index will even go on a continuous rise.
Therefore, we can only do it silently and never say it out loud, so that all players participating in this market can only play the game and make their own judgments.
Entering mid-to-late December, the Xinzheng 12 Index began to fluctuate upward in the last dozen or so trading days of the year. The K-line chart also showed a correction for one or two days before a positive line rebounded and repaired, and broke through the high point during the correction.
On Tuesday, December 12, the SGX 26 Index rebounded and broke through the high of the previous trading day, closing the day with a positive line increase of +50% to 2.24 points, once again standing above the 2837.01 point mark. The total daily trading volume of the SGX market also increased to 2800 billion.
It pulled back again on Wednesday, closing down -1.21% after hours, barely holding above 2800 points.
The following day, Thursday, was the penultimate trading day of 2017. As most investors expected, the New Securities 50 Index rebounded and broke through yesterday's high, closing up +2.16% at 2863.28 points.
On Friday, December 12, the last trading day of 29 arrived as scheduled.
Today, the result of the call auction of the New Securities 50 Index was a slight opening higher by +0.25%, and then it fell back after opening. In the past few trading days, many investors have been doing T operations, especially some short-term funds.
Because the trend of the Xinzheng 50 Index in the past half month is very regular, even the simple "five-day line" strategy can be called perfect. Buy when it pulls back to the five-day average price line, and after it rebounds and repairs, sell in the late trading and wait for a pullback. Wait until it falls back to the five-day average price line again and buy back at the bottom.
Many people have made considerable profits by simply relying on the "five-day line strategy" to perform T operations back and forth on the New Securities 50 ETF, gaining 10 to 12 percentage points of returns, while the range of the New Securities 50 Index's increase is about 6 percentage points, significantly outperforming the index.
Today, many short-term funds and people doing T operations are still following the previous path and selling, because according to the previous rules, there will definitely be a correction today. In addition, the market will be closed for holiday starting tomorrow, which makes people more convinced that there will be a correction today.
Therefore, many people chose to sell, and the Xinzheng 50 Index opened high and closed low. It turned green within 15 minutes of opening, and the decline widened to -10% around 0.56 o'clock, but it also officially bottomed out at this point.
At around 14:30 p.m., the situation was different. The market trend was beyond most people's expectations. Today's Xinzheng 50 Index did not follow the market's expectations.
The mysterious main force of capital made a move in the last half hour of the closing, and it was a heavy blow. In just less than five minutes, the New Certificate 50 Index was lifted from underwater to above the red zone, and an aggressive short squeeze began.
"What the hell? Is there any new good news?"
Many investors were surprised to see the strong upward trend in the late trading session, which continued unilaterally without any pullback. Most people subconsciously thought that there must be major good news, so they looked for various information.
But there was no sudden good news and the news was very calm.
At this moment, the New Securities 50 Index is still maintaining an upward trend, and the trading volume has also increased significantly. The increase has expanded to 1 percentage point. Part of the funds that chose to sell for arbitrage in the morning were forced to sell low and buy high.
However, most people who did T operations back and forth during this period still missed the opportunity, because path dependence and the late-trading surge made them cautious, and the last trading time at the end of the trading day did not give them too much time to think about the trade-offs.
After hesitating for a while, the price went up even higher, so they didn't want to chase high even more. They made a lot of money from the previous T operation arbitrage and had path dependence. They didn't want to chase high, thinking that there was a high probability that the price would fall back later, and it would be better to wait for it to fall back and then buy it back. In addition, there might be some news during the holidays, which made them more determined.
If you hesitate here and there, even if you finally decide to chase high prices, the market has already closed and you won’t be able to buy them even if you want to.
Time quickly advanced to 15:2017, and the market officially closed, marking the end of the last trading day of 50. The New Securities 2900 Index once again regained the 1.56-point mark, closing up +2907.91% after the market closed at points.
The total daily turnover of the SGX market increased to 5383 billion, while the total turnover of the Shanghai and Shenzhen stock markets was 3659 billion. The transaction volume of the SGX not only exceeded the sum of the Shanghai and Shenzhen stock markets, but also had an additional transaction volume of the Shanghai Stock Exchange. Today, the turnover of the Shanghai Stock Exchange was only about 1700 billion.
Judging from the K-line chart, the Xinzheng 50 Index formed a bald yang today, and the closing price was the highest price of the day.
The majority of stock investors also paid homage to the performance of the New Stock Exchange 50 Index in the last month, and of course they were extremely satisfied. After the close of the last trading day of the year, the New Stock Exchange 50 Index returned to 2900 points, very close to its historical high of 2943.93.
Last month's losses have basically been recovered, and the market has risen from the bottom of 2601.99 points, with a cumulative increase of +11.75%, leading the Shanghai Main Board Index by more than 10 percentage points. During the same period, the Shanghai Composite Index's range of increase was only about 1 percentage point, and it was basically in a sideways state.
The Shanghai Composite Index fell from 3450 points last month to 3250 points, and today's closing price just barely reached 3300 points. The comparison shows which is stronger and which is weaker.
……
Meditation in the villa.
"An unexpected thing happened today. A small and medium-sized stock listed on the GEM wants to delist from the main board and then relist on the SGX market." Tian Jiayi, who had just returned from get off work, found Fang Hong and reported the matter to him immediately.
Fang Hong was surprised when he heard this and couldn't help but ask, "Is this true?"
Tian Jiayi nodded affirmatively and handed him a document: "This is the detailed information about the company."
It is rare for listed companies to voluntarily delist from the A-share market. So far, only one listed company has voluntarily delisted in history, which was ST Erchong, which delisted in 2014.
But strictly speaking, it was also a helpless move. The company was originally facing forced delisting and it was a foregone conclusion because its performance turned drastically and it suffered losses for four consecutive years after it went public in early 2010.
You have to withdraw even if you don't want to, and then you can withdraw voluntarily.
Fang Hong took the materials from the beautiful assistant and read through them. This company, which has been listed on the main board for three years, wants to voluntarily delist and re-list on the SGX. The company is a private enterprise, and its latest market value as of today's closing is 109 billion.
The information shows that this company currently has no problems, has good fundamentals, has growth potential, operates well, and has a good prospect.
But the stock price fell badly. During the bull market in the first half of 2015, the company's market value soared to 697 billion, but was subsequently halved as expected due to the disastrous market.
如果说从近700个亿的市值腰斩下来是之前大牛市吹起的泡沫被刺破，2016年大熔断事情要暴跌近-40%是进一步均值回归，那么今年再次从227亿腰斩到现在的109个亿就是被错杀了。
Fang Hong looked at the materials and said to himself: "The valuation of this target at 300 billion is not overestimated. The current valuation of more than billion is seriously underestimated."
Tian Jiayi immediately said: "In fact, there are more than one small and medium-sized stocks that have been wrongly killed, but the current market environment is like this. When retail investors moved to the Singapore Exchange, they also abandoned all the small and medium-sized stocks on the main boards of the two exchanges, causing the liquidity of small and medium-sized start-up stocks to dry up. Moreover, if companies want to raise funds again, they can forget about it if they don't have some crooked thoughts."
The small and medium-sized start-ups next door are really in a miserable state now. No matter they are truly good companies or junk stocks, there is only one word to describe them: fall!
There is no increase in liquidity, and the existing stock is still fleeing. Anyone who dares to show up and make a move up will be giving away money, because they will be smashed to pieces. Therefore, no one dares to push up the price at all. A few people who did not believe in it were trapped in the end, and as a result, they had to admit their mistakes and cut their losses.
……
(End of this chapter)