On Friday (October 23), Fuling mustard of Baima stock was hit by a large order, and the stock price flashed and fell to the limit in less than one minute. By the end of the closing, nearly 30000 orders were sealed, with a total amount of 129 million yuan. Analysts said the lower than expected performance is the main drag on its share price performance.
On October 21, Fuling mustard also issued a pre disclosure announcement on the reduction of shares held by some directors and supervisors. The two major shareholders with a total shareholding ratio of 0.5% intend to reduce their holdings of no more than 730000 shares of the company in the next six months, with the reduction ratio of no more than 0.0924%.
In addition to Fuling pickled mustard, another 30 billion white horse was also on the same day.
Gibbets share price fell sharply in early trading on Friday, the second time in nearly three trading days.
According to the third quarter report released by the company on Thursday evening, from a single quarter point of view, the company realized revenue of 640 million yuan in the third quarter, with a year-on-year increase of 32.2%; the net profit attributable to the parent company was 245 million yuan, with a year-on-year growth of 19.65%. Revenue and net profit growth was lower than previously expected.
In fact, since the beginning of October, white horse stocks have been collapsing frequently.
Overestimation needs to be digested by performance
Many white horse stocks are valued at historically high levels, which continue to arouse market doubts. Many investors also believe that the follow-up market style may be more balanced. Over valued companies need to rely on performance to digest, and individual stocks need to be carefully selected in the fourth quarter.
Wind data shows that as of October 23, Fuling mustard after the price limit is still more than 10 times, at the historical peak level. Changchun hi techs latest net price ratio is close to 15 times. In addition, Ziguang Guowei, Gbit, Sanqi mutual entertainment and other recent flash stock valuations are near historical highs.
Market analysts believe that, on the one hand, entering the last quarter of this year, some institutions will rearrange the asset allocation of next year, and it is inevitable to adjust the position structure, and the profit stop part has a higher valuation position. On the other hand, the third quarter report has entered a period of intensive release, and funds are more sensitive to performance fundamentals. Performance is less than expected, or even no performance breakout point, it is possible to promote capital to the white horse leader with fewer fundamental defects.
For many white horse stocks are held by funds, whether there is a risk behind, some fund managers said that at present, the markets flash white horse stocks only account for a small proportion of fund positions in the whole industry. The key industries of fund positions include food and beverage, medicine, electronics, new energy, etc. the prosperity of these industries is still good, and the valuation of leading companies is mostly within a reasonable range, and the probability of continuous decline is low. From the perspective of funds, a large number of over-the-counter funds are still flowing into the market through public funds. With relatively abundant funds, the risk of stampede in the market is low.