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“monster stocks” also have times when they feel “tired”!

on september 9, shenzhen huaqiang, a "monster stock" that has risen more than 3 times in recent days, opened high and then closed at the limit down, with a total transaction volume of more than 3.5 billion yuan. according to the after-hours dragon and tiger list data, the top five buying positions are all "retail investor base camp" - "lhasa tiantuan".

in addition, many high-priced stocks collectively stalled, such as jinjiang online, volkswagen public utilities, king long automobile, volkswagen transportation, weishi electronics and many other previous strong stocks also hit the limit down. some institutions believe that strong stocks often fall again, which is also a common phenomenon at the bottom of historical stages. it is worth noting that there are few public funds behind many "bull stocks" hyped by hot money recently. as of the end of the second quarter of this year, the proportion of public funds holding shares was negligible, and most of them were passive funds held by etfs or quantitative products.

"demon stocks" failed

shenzhen huaqiang's daily limit rally began on august 15, and by last friday (september 6), in 17 trading days, the stock had hit 16 daily limits, with a cumulative increase of 370%. however, on september 9, shenzhen huaqiang opened high and then closed at the daily limit, with a turnover of 3.512 billion yuan and a turnover rate of 8.64%. the dragon and tiger list data showed that the top five buyers were all the well-known "lhasa group", and the five sales departments had a net purchase of 55.51 million yuan in total.

on the selling list, well-known hot money appeared - guosheng securities ningbo sangtian road sales department net sold 33.2791 million yuan. it is worth noting that this seat often appears in the dragon and tiger lists of some hot stocks. in addition, citic construction investment securities guangzhou huangpu east road securities sales department and shenzhen stock connect special sales department net sold 121 million yuan and 47.5871 million yuan respectively.

according to the data, shenzhen huaqiang's main business is authorized distribution of electronic components, industrial internet of electronic components, physical trading market of electronic components and electronic terminal products (the operating entity is "huaqiang electronic world"), etc. in the 2024 semi-annual report, shenzhen huaqiang said that huaqiang electronic world has the unique and irreplaceable geographical advantage of huaqiang north in the world, and its occupancy rate has remained stable at a high level, which is its "cash cow" business.

reviewing the current market trend of shenzhen huaqiang, it is mainly catalyzed by the huawei concept. on august 1, wang ying, secretary to the board of directors, said in an interview that shenzhen huaqiang is the authorized agent of hisilicon's full range of products and has established a long-term and stable business cooperation relationship with hisilicon. as hisilicon continues to launch new product categories, shenzhen huaqiang will increase the research and development and promotion of application solutions for various hisilicon products to promote the market expansion of hisilicon products.

however, the stock price did not fluctuate much at that time, and even fell for two days after the research was completed. however, the market started on august 15, and the stock opened high and closed at the daily limit. on august 18, after two consecutive days of daily limit, shenzhen huaqiang issued an announcement to reiterate that "the company is one of hisilicon's main authorized agents. as hisilicon continues to launch new products, the company will increase the application solution research and development and promotion of hisilicon products to promote the market expansion of hisilicon products." subsequently, the company's stock rose to the daily limit for several days.

on august 21, shenzhen huaqiang once again stated on the investment interactive platform that the company is one of hisilicon's main authorized agents and will participate in the hisilicon full connect conference. in order to promote hisilicon products, the company will specifically invite customers to participate in the conference.

the multiple public responses have undoubtedly fueled the shenzhen huaqiang market. even the semi-annual report released on august 31 disclosed that the net profit attributable to the parent company in the first half of the year was 177 million yuan, a year-on-year decrease of 33.81%, which failed to stop the pace of the daily limit. in addition, on a quarterly basis, shenzhen huaqiang achieved a net profit attributable to the parent company of 119 million yuan in the second quarter of 2024, a year-on-year decrease of 15.76%. if the statistical period is extended, shenzhen huaqiang's performance has declined for six consecutive quarters.

on the 9th, after the limit down, many investors called shenzhen huaqiang securities department. the staff of the securities department responded that stock price fluctuations are affected by many factors, and they are not clear about the specific reasons for the limit down. in addition, regarding huawei’s latest tri-fold mobile phone, the staff member clearly stated that shenzhen huaqiang is not involved in the mobile phone sales business.

high-priced stocks collectively plummeted

in addition to shenzhen huaqiang, another "monster stock" of huawei concept - kesen technology also went out of the "ceiling and floor" market today. kesen technology, which had previously risen by the daily limit for ten consecutive times, opened high and fell. it rebounded after the limit down but closed the limit down again in the afternoon. the company has disclosed risks: at present, the company purchases structural parts for the assembly of hinges for folding screen mobile phones. it is estimated that the revenue generated by this business in the year will account for less than 1% of the operating income in 2024.

in addition, huawei's "three-fold" new product has also driven the stock price performance of related stocks in the recent period. huasheng holdings, yian technology, rijiu optoelectronics, jintuo holdings, visionox, etc. have all seen unusual movements recently.

it is worth mentioning that many high-priced stocks collectively shut down on september 9. in addition to the aforementioned shenzhen huaqiang and kesen technology, many previous strong stocks such as jinjiang online, volkswagen public utilities, king long automobile, volkswagen transportation, and weishi electronics also hit the limit down.

cicc said that strong stocks often make up for the decline is often a common phenomenon at the historical stage bottom. looking ahead to the future market, although there are still many suppressive factors both internally and externally in the near future, the market itself is in the value range, and attention should be paid to the marginal changes of positive factors during the index adjustment period. the market has some bottom-oriented characteristics recently: the turnover rate of a shares calculated by free float market value has dropped to the historical bottom level of 1.5%; at the valuation level, the dividend yield of the csi 300 exceeds the 10-year treasury bond rate by 1.1 percentage points, and the valuation of the csi 300 index is near the historical bottom of one standard deviation, and the market has good valuation attractiveness; strong stocks often make up for the decline is also often a common phenomenon at the historical stage bottom.

it is worth mentioning that among the recent strong stocks, only laobaixing and *st jingfeng remain. after hitting the daily limit again on the 9th, laobaixing has achieved 6 daily limits in the past 7 trading days. after the market closed, the company announced that "the stock price fluctuates greatly, there is a risk of overheated market sentiment, and there may be a risk of a decline after a large short-term increase." *st jingfeng staged a "heaven and earth" trend, with 43 daily limits in 49 trading days.

public funds have low participation

it is worth noting that there are few public funds among the stocks that have performed actively recently.

for example, shenzhen huaqiang, which has the highest increase in the past month, had a public offering shareholding ratio of 0.62% as of the end of june, and the holding funds are almost all passive funds, such as southern csi 1000 etf and boshi gold rush big data 100.

in addition, the share price of dr. eyewear has risen by as much as 58% in the past month, but as of the end of june, the shareholding ratio of public funds was about 4.2%. guotou ubs ruili held 19 million yuan, ranking as its 9th largest shareholder.

as of the end of june, the proportion of public offering funds held by laobaixing was about 9.1%, and many active equity products under china europe fund and harvest fund have invested in it. rongtong health industry was the ninth largest shareholder of the stock at the end of the first quarter, but continued to reduce its holdings in the second quarter, and the fund was no longer among the top ten shareholders.