ST out of the clear! Where did the fleeing money go?

Securities Market Weekly Market Number

2024-06-10 14:42Published on the official account of Hebei Hongkan Finance

Text丨Wang Fei

Before I had enough, the balance of the three-day holiday was about to be used up. The stock market before the Dragon Boat Festival is also quite uninteresting, ST shares, micro-cap stocks led by the killing, the Shanghai Index continued to fall, more than 4,000 shares to rise has become a unique scenery.

Although some ST stocks reacted on the last trading day before the holiday, according to past experience, the rally in this downward trend is more like the rhythm of the main shipment. So, it doesn't seem like a hard choice to make whether to go or stay.

So, let's talk about two main issues today:

1. Who will take over the funds for ST shares?

2. How do you find the best of them?

In addition, according to the old rules, the exclusive data related to the 3rd issue that we carefully made is still at the end of the article.

Let's first review the market before the Dragon Boat Festival.

On the whole, the pre-holiday effect of A-shares is still relatively obvious, and many people tend to hold coins for the holiday. For example, CATL, the "first brother of the GEM" with thick eyebrows and big eyes, suffered a fund sell-off just after the news of being sanctioned came out in the market.

CATL is not bad, in the case of reduced market risk appetite, as the market sentiment vane brokerage stocks have been abandoned by funds, Tianfeng Securities hit the fall limit, and many brokerages followed. ST stocks and micro-cap stocks, which are most prone to problems, have been continuously abandoned by the main funds, and the closing price of many stocks has been below the threshold of 1 yuan for delisting. *ST Garden City once fell by nearly 100% in a single day, and *ST Carbon Yuan and *ST Tongda also exceeded 80%.

In this regard, the regulator responded urgently late at night, and the new delisting regulations set a certain transition period, and it is expected that there will be no significant increase in the number of delisted companies in the short term, which makes ST shares and micro-cap stocks breathe.

But in reality, a technical downtrend has already taken shape in ST shares. For example, since the beginning of this year, the ST sector index has fallen by more than 50%, which ranks first among all concept sectors. Therefore, the respite for ST stocks and micro-cap stocks at this time is also the best time for investors to retreat. As the super bull with the keenest sense of smell in the secondary market, it has already taken action, such as "Niu San F4", including Wei Wei, which has cleared a number of ST shares this year.

In fact, when the small ticket rebounded on December 22 last year, Peng Zu of "Trend Trading Era" made a clear reminder that he had escaped from the fire and did not return. Looking at it now, those who have escaped are glad to go.

Judging from the flow of funds fleeing from the market, it mainly flows to semiconductors, hydropower and other sectors, which we have tracked and reported in the pre-holiday article, and we will not be verbose here. In terms of specific individual stocks, according to Peng Zu's observation, a large amount of funds flowed to the monopoly dragon oligarchs with more stable performance and higher certainty. Therefore, Peng Zu thinks, what is the next anchoring core? Performance, performance or performance, that's the core.

However, in fact, there are not many companies with stable performance in A-shares, and even fewer companies can continue to grow. For example, from 2019 to 2023, there are only 32 companies with a growth rate of more than 10% in operating income and net profit attributable to the parent company for five consecutive years, and Kweichow Moutai, the "king of stocks", occupies a seat, and Wuliangye, which is also a leading liquor company, is also among them.

These two leading companies have a large base, and the growth rate of these 32 companies is the bottom. So, who is stronger than Moutai and Wuliangye?

That's all for the article. The following table is the exclusive data we have prepared, and we will continue to deliver it in the future, so stay tuned.

(The individual stocks mentioned in the article are for example analysis only, and do not make trading recommendations.) ）

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