The funds second largest heavy position shares appear, bulk reduction institutions suspected to protect the market

category:Finance
 The funds second largest heavy position shares appear, bulk reduction institutions suspected to protect the market


According to the data of the second quarterly report of public funds, Lixun precision is the second-largest A-share listed company in fund managers preference, and the number of fund products that buy this stock is second only to Guizhou Maotai. With the concept of miscellaneous, Lixun has surpassed popular stocks such as medicine and medicine, new energy, science and technology with various halos.

Due to the fact that Lixun precision is the core stock of public funds, or for the sake of protecting the market, on the day when the company announced the reduction of shareholders holdings, there were 53 block transactions with a total amount of 6.91 billion yuan. The transaction prices were all 53.2 yuan, 7.2% lower than the closing price. Among them, the total net purchase of institutional seats exceeded 1.2 billion yuan.

A few days earlier, on July 17, the company announced that it would acquire wetngs iPhone manufacturing business for about $472 million (about 3.3 billion yuan). After the completion of the transaction, Lixun precision will become the first OEM of Apple company in mainland China.

Weichuang, Foxconn and Hewlett Packard are the three main OEM manufacturers of Apple mobile phones. Wetrong has accepted orders for new iPhones since 2017, and has built a factory in Kunshan to expand production. Data show that Foxconn accepts more than 50% of Apples orders, while Heshuo and Weichuang accept 30% and 10% respectively.

Wistron also said in an email statement on July 17 that the deal had yet to be approved by regulators and was expected to be completed by the end of this year. At present, Wistron is one of the only three OEM manufacturers for iPhones. The other two are Asustek technology and Foxconn Group, of which Wistron is the smallest. The deal also means that ASUS and Foxconn will usher in new competitors.

As early as May this year, news came out that Li Xin could become the first iPhone foundry manufacturer in Chinese mainland, but the market maker did not know how to enter the field.

At that time, it was rumored that apple in the United States had instructed ritzon to participate in the investment in Kecheng technology, a metal case supplier for iPhones, hoping to support lichen to challenge Hon Hais long-term market positioning in the OEM field of Apple mobile phones. At that time, the OEM of iPhones was always controlled by Taiwan companies, especially Taiwans Honghai and Heshuo also owned metal mobile phone shell subsidiaries. It is believed that Apple intends to support lucent precision by encouraging it to participate in investment.

Just two months later, Hitachi precision announced the acquisition of wetngs iPhone manufacturing business, which further enhanced the markets previous understanding of its potential in OEM, which was recognized by apple.

Stand on 400 billion, my brothers market value surpasses big brother?

By the end of July 22, the market value of Lixun precision has reached 400 billion yuan, which may become a major trigger factor of shareholder reduction.

The market value of 400 billion yuan is not only a gift from the strong business of Lixun, but also boosted by fund managers. According to wind data, as of the end of June 2020, the top six stocks of mutual funds in the second quarter were Guizhou Maotai, Lixun precision, Wuliangye, Changchun hi tech, Hengrui pharmaceutical and Ningde times.

That is to say, even with the impact of the epidemic, pharmaceutical stocks have become the fund investment objects of universal suffrage, but they are still defeated in front of lichen precision. In Ningde era, which has the concept of new energy, even if it has the support of science and technology concept, it is also in the most favorite position in front of fund managers.

Specifically, lichen precision is second only to Shenjiu Maotai. During the second quarter, as many as 430 public funds held positions in Maotai, Guizhou, an increase of 67 funds compared with the previous quarter; in the same period, 391 funds were deployed in Lixun precision, an increase of 147 funds compared with 244 shares held in the previous quarter.

According to the above fund managers shareholding information, the company, which seems to be doing chores for the mobile phone giant, is no less important than the innovative pharmaceutical stocks, technology stocks and new energy stocks with various halos.

Another argument is that due to the small scale of Taiwan stock market, the market value of Hon Hai Group is underestimated in Taiwan stock market. The market value of industrial Fulian in a share is more than 300 billion yuan, enjoying 40 times of dynamic P / E ratio, which means that if the valuation system of a share is adopted by Hon Hai group, its market value can reach RMB 1 trillion. According to this logic, the market value of Lixun precision of 400 billion yuan is also acceptable.

After hours information on July 22 also showed that fund managers seemed to be hard to help themselves with lichen precision, but Lixun precision is indeed a stock that can not be missed by the fund, because the fund has bought too much.

On the same day, there were 53 block transactions with a total amount of 6.91 billion yuan, with the transaction price of 53.2 yuan, 7.2% lower than the closing price. Among them, the total net purchase of institutional seats exceeded 1.2 billion yuan, nearly 600 million yuan was purchased by CITIC Securities Shanghai Wanyuan Road Securities Business Department, 1.778 billion yuan was sold by Guangfa Securities Shenzhen Gaoxin South First Road Securities Business Department, and 1.215 billion yuan was sold by Ping An Securities Shenzhen Jintian Road Securities Business Department.

According to the report of CITIC Securities, Apples multi product line is expected to be better, leading the industry upward and leading the industry chain to concentrate. In addition, it is expected that the sales of qq23 and QQ3 will drive the sales of new earphones, and it is expected that the sales of new earphones will be promoted by the sales of qq23 and qq23. According to the report, AR / VR is also expected to usher in an industry outbreak after 2021. From the perspective of the industrial chain, the leading companies should speed up the concentration, take the initiative to continuously expand the categories of leading companies, and passively look at the trend of accelerated concentration of epidemic situation. CITIC Securities Xu Tao and others predict that in 2020, apple sales are expected to be close to 40 million units, and non-A sales volume will be close to 50 million units; from 2021 to 2022, apple is expected to exceed 50 million units and 70 million units respectively, and the total non-A sales volume can exceed Apples. therefore, attention should be paid to the domestic OEM leader. Source: securities companies China editor: Yang Qian_ NF4425

According to the report of CITIC Securities, Apples multi product line is expected to be better, leading the industry upward and leading the industry chain to concentrate. Apples Q2 price reduction promotion effect is higher than expected. It is expected that Q3 old models will be increased, and q45g new machines will be sold hot. In 2021, 5g new phones are expected to drive the wave of replacement. For headphones, Apple has launched a student preferential policy, which can be used to purchase a pair of designated MAC or iPad products with airpods. In addition, the new Q3 mobile phone may be sold with TWS headphones (combination purchase discount), which is expected to drive the sales of headphones further up.

CITIC Securities Xu Tao and others predict that in 2020, apple sales are expected to be close to 40 million units, and non-A sales volume will be close to 50 million units; from 2021 to 2022, apple is expected to exceed 50 million units and 70 million units respectively, and the total non-A sales volume can exceed Apples. therefore, attention should be paid to the domestic OEM leader.