Market review
U.S. stock market close: the 5,000-point mark was once breached, and the market ignored the Fed's "noise". The three major indexes closed slightly higher, with the S&P 500 one step closer to the 5,000-point mark. U.S. sector ETFs closed mostly higher, with semiconductor ETFs closing up 1.42% and energy ETFs up 1.03%. Big tech stocks were mixed, with Tesla up more than 1% and Microsoft, Meta, and Google rising slightly.
On the last trading day before the holiday, the stock indexes of the two cities rose again, the three major stock indexes rose by more than 1% in three consecutive days, and the turnover of the two cities exceeded one trillion yuan again. On the disk, nearly 4,800 shares in the two cities are in the red, semiconductors, environmental protection, and health care sectors are among the top gainers, tourism, automobiles, construction, real estate, medicine, wine and other sectors are rising, mixed reality concepts are outbreaking, AI, computing power concepts are active, and the banking sector is slightly lower.
Semiconductor and electronics stocks strengthened, and Hua Hong Semiconductor rose more than 10%.
Hot news
1. Tick Travel Port, IPO was filed with the Securities Regulatory Commission: ninety percent of revenue depends on hitchhiking
According to the CSRC's issuance of a notice on the filing of Dida Inc.'s overseas issuance and listing, Dida Inc. intends to issue no more than 194 million overseas listed ordinary shares and list on the Hong Kong Stock Exchange. According to the website of the Hong Kong Stock Exchange, Dida Travel submitted its prospectus on August 30, 2023. This is the fourth IPO hit by Dida Travel after October 8, 2020, April 13, 2021, and February 20, 2023. The main business of Dida Travel can be divided into three parts, namely hitchhiking, smart taxi services, and advertising services.
2. The central bank: actively and prudently prevent and resolve financial risks, and promote the introduction of the Financial Stability Law as soon as possible
According to the central bank's website, the central bank released China's monetary policy implementation report for the fourth quarter of 2023. In the next stage, we will actively and prudently prevent and resolve financial risks. We will further improve the macro-prudential policy framework, improve the ability to monitor, assess and warn systemic risks, and enrich the macro-prudential policy toolbox. Improve the supervision of systemically important financial institutions, promote systemically important banks to meet additional regulatory requirements on time, and accelerate the establishment and improvement of total loss absorption capacity of global systemically important banks in mainland China, so as to effectively improve risk resilience. Actively promote risk handling and risk reform in key regions, key institutions and key areas.
3. The auto market will usher in a "good start" in 2024: ninety percent of A/H listed car companies saw a year-on-year increase in sales in January
In 2024, China's auto market is off to a good start. According to data from the China Passenger Car Association on February 8, the retail sales of passenger cars in January reached 2.035 million units, a year-on-year increase of 57.4% and a month-on-month decrease of 13.9%. "In January 2024, the auto market retail achieved the expected good start trend, and the important factor is the difference in pre-holiday consumption time brought about by the Spring Festival. Cui Dongshu, secretary general of the passenger association, believes that there will be 22 working days in January this year, which is 4 days more than the 18 working days in January 2023. "Passenger cars are consumer goods, and the consumption time before the holiday is long, and the consumption pull will be more sufficient. The effective production and marketing time in January this year was very long, and the effect of a good start was outstanding. ”
4. Shenzhen Stock Exchange: This week, the "*ST Zuojiang" will continue to be monitored
This week, the Shenzhen Stock Exchange has taken self-regulatory measures against a total of 153 abnormal securities trading behaviors, involving abnormal trading situations such as intraday lifting and suppression, false declarations, etc., continuing to focus on monitoring "*ST Zuojiang", verifying a total of 5 major matters of listed companies, and reporting to the CSRC 2 cases of suspected violations of laws and regulations. From February 2 to February 8, the firm disciplined 5 violations involving information disclosure and standardized operation, and issued regulatory letters for 8 violations, 7 related to information disclosure and standardized operation violations, and 1 case related to stock trading and shareholding reduction violations. This week, 17 letters of concern and 66 other letters were issued.
5. Huawei refutes rumors!
On February 8, Huawei refuted the rumors on Toutiao's official account, saying that the content of "Ren Zhengfei's latest speech - using the light of science and technology to illuminate the future of mankind President Ren's speech at the 2024 Global Market Conference" is purely false. The rumor-mongers fabricated and fabricated without any basis, pushing the same information on multiple platforms and accounts to spread, misleading the public and causing a large number of spreads. Spread rumors with one mouth, refute rumors and break your legs. As a representative of outstanding domestic technology enterprises, in recent years, Huawei has been frequently labeled as patriotic and surpassing Europe and the United States by various self-media, so that it needs to refute rumors every once in a while.
6. Suddenly: North Korea has decided to abolish all economic cooperation agreements with South Korea
On the 7th local time, the 30th plenary meeting of the Standing Committee of the 14th Supreme People's Assembly of the DPRK was held at the Mansudae Assembly Hall. The meeting unanimously adopted the decree of the Standing Committee of the Supreme People's Assembly of the DPRK on the abolition of the North-South Economic Cooperation Act of the Democratic People's Republic of Korea, the Mt. Kumgang International Tourism Special Zone Act and its implementing regulations, and the Agreement on North-South Economic Cooperation. This means that North Korea has annulled all economic cooperation agreements with South Korea.
7. Tesla may be planning layoffs
Tesla rose 1.34% to a total market capitalization of $597.4 billion. Tesla's employees are rumored to be preparing for possible layoffs after Tesla asked managers to confirm whether each employee's position is critical. According to people familiar with the matter, the company's manager has had to make a double assessment of the role of his deputy in recent days. This requirement is in line with Musk's emphasis on cost-cutting at a time when Tesla's sales growth has slowed significantly. Tesla's workforce has roughly doubled since 2020, with more than 140,000 employees worldwide as of last year. The company has about eight times as many employees as it did in 2016, the year before the Model 3 was launched.
8. Bytes' Spring Festival red envelopes are still halved this year: the highest was 6,888 yuan before, and now it is 3,688 yuan
On February 7, the reporter learned from a number of internal employees of ByteDance that the Spring Festival red envelopes issued by ByteDance this year are the same as last year, and they are discounted compared with previous years. In the past, employees who could receive 6,888 yuan in red envelopes can now only receive 3,688 yuan, and employees at different levels are halved in turn. According to the usual practice, ByteDance employees can receive red envelopes ranging from 588 to 6,888 yuan before the Spring Festival, and the specific amount received varies according to the time of employment. It includes 5 levels: more than 3 years of employment, 1-3 years of employment, 6 months to 1 year, 3 months to 6 months, and less than 3 months of employment, covering regular employees, labor and interns in Chinese mainland.
9. Shenzhen handed over the 2023 venture capital report card
As a "major venture capital town" in the country, Shenzhen's venture capital industry has delivered a brilliant report card in the past 2023. In 2023, Shenzhen's venture capital industry will have a good momentum of development, with rapid growth of venture capital funds, steady implementation of key funds, gathering of venture capital and venture capital institutions, and obvious leading effects of the "Shenzhen Venture Capital Day" activity. Among them, in 2023, Shenzhen will add 426 private equity venture capital funds registered with the AMAC, ranking first among major cities. According to the data, as of the end of 2023, there are 1,766 private equity venture capital management enterprises in Shenzhen, with a management scale of 1.53 trillion yuan.
10. Well-known brands, IPO terminated!
A well-known dairy company adopted a cow holding group co., LTD. (hereinafter referred to as "a cow"), and its IPO was transferred to the Shanghai Stock Exchange for review in February last year, and there has been no progress since then. Now, after nearly a year, there is news that its listing has failed. According to the official website of the Shanghai Stock Exchange, due to the withdrawal of sponsorship by a bull sponsor, the Shanghai Stock Exchange terminated its issuance and listing review in accordance with relevant regulations. It is worth noting that, unlike the usual situation where the company and the sponsor apply for IPO withdrawal together, the withdrawal application of a cow is initiated by the sponsor alone, which is quite rare.
Interpretation of the tuyere
1. The stock price hit a three-year low, and Chairman Follett proposed to repurchase it with 300 million yuan to 600 million yuan
On the evening of February 8, Follett announced that the chairman proposed to repurchase shares with 300 million yuan to 600 million yuan. Some of the A shares repurchased this time will be used for equity incentives or employee stock ownership plans at an appropriate time in the future. On February 5, Follett's share price hit a new low since 2021 at 17.09 yuan per share in intraday trading. At this time, the repurchase has the intention of stabilizing the stock price. It is worth noting that A-share listed companies have recently set off a new round of "repurchase waves". On the evening of February 6, more than 160 listed companies issued buyback-related announcements. Follett's main business is the production and sales of various glass products. The main products include photovoltaic glass, float glass, engineering glass and home glass.
2. The stock price hit a new low since its listing, and Nanya New Materials plans to repurchase it with 75 million yuan to 150 million yuan
On the evening of February 8, Nanya New Materials announced that it planned to repurchase the company's shares for 75 million yuan to 150 million yuan, and the repurchase price did not exceed 27.50 yuan per share (inclusive). The repurchased shares will be sold by centralized bidding transaction after 12 months of the disclosure of the repurchase results and the announcement of the change in shares, and the sale will be completed within three years after the disclosure of the repurchase results and the announcement of the change in shares. At present, the company's performance is under pressure. It expects a net loss of 115 million yuan to 140 million yuan in 2023, a year-on-year loss.
3. The tourism sector strengthened* ST Caesar closed up 5.07%, and the company expects to turn around in 2023
On February 8, the A-share travel sector was active, with *ST Caesars closing up 5.07%. According to the "2024 Spring Festival Tourism Market Forecast Report" released by Ctrip, the upcoming 8-day Spring Festival holiday will be the first peak of travel in the Year of the Dragon in 2024. As of January 13, orders for domestic, outbound and inbound tours during the Spring Festival holiday (February 9-17) have increased significantly. The company expects to turn around in 2023, with a net profit attributable to shareholders of listed companies of 550 million to 700 million, a year-on-year increase of 153.84% to 168.52%, and an estimated operating income of 550 million to 700 million yuan.
Lijiang tourism closed up 6.05%, and the agency is optimistic about the new prosperity cycle of the tourism economy
On February 8, the A-share tourism sector was active, and Lijiang shares closed up 6.05%. The main business of Lijiang Co., Ltd. is tourist cableway, impression Lijiang theatrical performances, hotels and other businesses, and the company's main business is ropeway transportation, impression Lijiang theatrical performances, hotel operation and catering services. The company expects a net profit of 215 million yuan to 240 million yuan in 2023, a year-on-year increase of 5735.1%-6413.6%. The number of tourists received rebounded significantly, and the company's three ropeways received a total of 6.121 million tourists, a year-on-year increase of 215.67%.
5. The stock price is less than 1 yuan per share, and the 6 directors and executives of Zhongnan Construction plan to increase their holdings by 5 million to 10 million yuan within half a year
On the afternoon of February 8, Zhongnan Construction announced that the company received a commitment from the company's directors and senior managers to voluntarily increase their holdings of the company's shares. In order to support the development of the company's related work, and at the same time to enhance investor confidence and maintain the stability of the capital market, the relevant personnel plan to increase their holdings of the company's shares through centralized bidding in the secondary market with their own funds or self-raised funds within 6 months from February 8, with a total amount of not less than 5 million yuan and no more than 10 million yuan. The main body of the plan to increase holdings is directors Shi Jinhua, Zhao Guixiang, Zhu Tingfeng, Chen Jinxing, Xia Zuobo and senior management Liang Jie. Liang Jie is the secretary of the board of directors of the company, and the other five are directors.
6. The tourism sector is "hi"! Golden Horse Amusement closed up 14.27%, and institutions are optimistic about the new prosperity cycle
On February 8, the A-share tourism sector was active, and Golden Horse Amusement closed up 14.27%. The main business of Golden Horse Amusement is the research and development, manufacturing, sales and operation of cultural tourism terminals for amusement facilities and film and television immersive amusement projects. The company expects a full-year profit of 36 million to 47 million in 2023, and a year-on-year increase in net profit of 246.28% to 290.97%. Xu Yuankun, an analyst at Guoyuan Securities, said: "The downstream of large-scale amusement facilities mainly comes from theme parks, from the perspective of growth, 27% of people in mainland China have been to theme parks, and the average level of developed countries is 68%, which is far from touching the ceiling, and has the soil for the birth of large-scale amusement equipment manufacturers."
7. The tourism sector is "hi"! Sante Cableway has a daily limit, and the profit has increased by more than 230% in 23 years.
On February 8, the A-share tourism sector was active, and the three-special cableway rose to a limit. The main business of Sante Cableway is mainly to provide passenger ropeway transportation services in scenic spots, supplemented by the operation of tourist attractions, landscape real estate development and scenic hotels. The company's main products are ropeway operation, scenic tickets, hotel catering, travel agencies, scenic sightseeing cars, and hot spring business. Since 1995, the company has established a professional development strategy with tourist passenger transportation and sightseeing ropeway as the leading industry, and has built and operated more than 20 ropeways.
8. Tianmu Lake closed up 9.94%, and its profits increased by more than 589.42% in 23 years, and the agency is optimistic about the new prosperity cycle of the tourism economy
On February 8, the A-share tourism sector was active, and Tianmu Lake closed up 9.94%. The predecessor of Tianmu Lake was the Liyang Daxi Reservoir and Shahe Reservoir built in the 60s of the 20th century, and then developed the tourism service business through investment, development and integration of a series of scenic resources, and landed in the capital market in 2017, becoming the first enterprise to rely on the lake scenic spot to be listed. At present, Tianmu Lake's business covers the whole tourism industry chain such as scenic spots, hot springs, theme parks, hotel catering, commerce, and travel agencies, among which Tianmu Lake Landscape Park, Nanshan Bamboo Sea, and Yushui Hot Spring are the core scenic spots.
9. Emeishan A closed up 9.49%, and the agency is optimistic about the new prosperity cycle of the tourism economy
On February 8, the A-share tourism sector was active, and Emeishan A closed up 9.49%. Emeishan A is a tourism service enterprise. It is mainly engaged in the operation of mountain tour tickets, passenger cableways, hotel services and other related tourism services in Mount Emei Scenic Area. The main products are mountain tour tickets, passenger ropeways, hotels and hotel services. Emeishan A expects to achieve a net profit of 200 million yuan to 250 million yuan in 2023, an increase of 236.99%-271.23% from the net loss of 146 million yuan in 2022, and a net profit of 210 million yuan to 260 million yuan, an increase of 236.36%-268.83% from the net loss of 154 million yuan in 2022.
10. Tourism stocks are active Guilin Tourism closed up 7.87%, and institutions are optimistic about the new prosperity cycle
On February 8, the A-share tourism sector was active, and Guilin Tourism closed up 7.87%. Guilin Tourism is mainly engaged in tourism services and tourism-related businesses, and its main business includes: cruise ship passenger transportation, scenic tourism business, hotels, road trip passenger transportation, taxi business, etc. The company owns the management rights of the core tourism resources in Guilin, including the two rivers and four lakes scenic spot, the Yinziyan scenic spot, the Longsheng hot spring scenic spot, the Fengyuyan scenic spot and the Zijiang Tianmen Mountain scenic spot, and cooperates with the company's controlling shareholder, Guilin Tourism Investment Group Co., Ltd., to build the famous scenic spot in Guilin - Seven Star Scenic Spot, and the company owns 100% equity of the five-star hotel Guilin Lijiang Waterfall Hotel.
IPO information
There is no new share subscription or listing of A-shares today.