Today, some of the convertible bonds were once again speculated by speculative funds. At the beginning of the opening session, the moulded convertible bonds, Wanli convertible bonds and Jiuzhou convertible bonds all went up rapidly by more than 20%. They all reached a temporary stop in the trading session, and led to the sharp rise of Tongguang convertible bonds and Lily convertible bonds. As of press release, more than 10 convertible bonds have increased by more than 10%.
From the ultra-high turnover rate, we can see that the market of convertible bonds in the early market was hot. As of the time of publication, there were 13 convertible bonds with a turnover rate of more than 1000%. Among them, the turnover rate of Yokogawa convertible bonds and Shenglu convertible bonds was as high as 3600%.
And this super high turnover rate can be said to be the continuation of yesterdays hot market. On the 20th, the turnover rates of Blue Shield convertible bonds, Shenglu convertible bonds, Yokogawa convertible bonds, radio and television convertible bonds, and Kailong convertible bonds all exceeded 3000%.
It is worth mentioning that the recent hot speculation of convertible bonds has been significantly boosted by the short-term surge of Blue Shield convertible bonds. The highest increase of the convertible bonds was once more than 60% yesterday, and within only two days, the increase of convertible bonds doubled. Today, Blue Shield convertible bonds continued to soar, up to 30% of the rise in the press, triggering temporary suspension.
For the current convertible bond fanaticism, the industry also showed some concern. Yu Jingwei, bond analyst of CITIC Securities Research Department, believes that the performance of convertible bond index this year is relatively stable, but there are a number of subject-matter skyrocketing in the year. The common feature of these hot speculation convertible bonds is that the market value is small, and it is easier to control the market. At the same time, in the trading mechanism, convertible bonds have no limit on limit, and it is a T + 0 mechanism, and less funds can pry the target.
He also pointed out that many hot speculation stocks are hot money in the participation, the participation of institutional investors is very low. At present, the premium rate of some convertible bonds is relatively high, which has deviated from its own fundamentals and industry average. Recently, the relative value of the premium rate of some convertible bonds is still rising, and the irrationality of trading is further enhanced. It is easy for individual bonds to rise and fall in a single day. Investors should be careful of the risks and not blindly follow suit.
Multiple companies announce risks
In fact, the hot speculation of convertible bonds also caused some companies to focus on. Blue Shield shares and Sheng Road Communications on the convertible bonds rose significantly on the risk of tips.
Landun shares disclosed the risk of convertible bond trading on the evening of 20th. It said that the accumulative daily closing price of Blue Shield convertible bonds increased by 85.55% in two consecutive trading days, and the premium rate of conversion to shares reached 161.33%. It was seriously divorced from the relationship between the companys share price and deviated from the reasonable value range, which had nothing to do with the macro environment of the market, the industry situation and the operation situation. It was mainly caused by the influence of market funds At present, Ming has not carried out market business in the field of quantum technology and has no relevant business income.
The company also said that some of the shares pledged by the controlling shareholder had the risk of breach of contract and involved in litigation, which had a certain impact on the stability of the companys control right. In the first half of the year, affected by the epidemic situation, the procurement rhythm slowed down, and the original orders were pushed back, the revenue of network information security business decreased year on year. Among the wholly-owned subsidiaries, jinghuitong had a large loss in business performance, and the overall profitability of the company decreased. In the first half of the year, the revenue was 499 million yuan, a year-on-year decrease of 48.92%, and the net profit loss was 67.5281 million yuan.
Shenglu Communications said that the change of Shenglu convertible bonds was mainly due to the small circulation and the influence of market funds. In the announcement on the 20th, Shenglu Communications said that the closing price of Shenglu convertible bonds on the same day increased by 32.29%, and the turnover rate reached 3109.92%. The premium rate of equity conversion reached 209.35%, and the premium rate of pure debt reached 237.54%. The high price of Shenglu convertible bonds is mainly due to the small circulation of convertible bonds of the company and the influence of market funds. Please pay attention to the investment risk of the majority of investors.
According to the announcement on the fluctuation risk of convertible bond trading disclosed by molding technology on the 20th, the company does not have any information that should be disclosed but has not disclosed. The company will seriously perform the obligation of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations and do a good job of information disclosure in a timely manner.
It is worth noting that, ignoring the risk tips, Blue Shield convertible bonds, molded convertible bonds and Shenglu convertible bonds continued to rise sharply today.