Shuanghui War: Institutional Dumping Is Mainly &Nbsp, And Capital Spending Rebound.

In April 21st,

Shuanghui development on the 21 day opened at 60.13 yuan in early trading, breaking the previous limit of the situation, the intraday probe of 58.20 yuan, but under the promotion of the bottom of the fund, the share price went up step by step, and once approached the closing price of the previous day, ending at 62.90 yuan, with a turnover of 55 million 756 thousand and 300 shares, with a total turnover of 3 billion 397 million 207 thousand and 200 yuan.

As early as 20, there were 2 institutional investors buying Shuanghui development, showing differences in institutional views.

With the further callback of stock prices, the game between institutions is more intense.

According to the information released by the Shenzhen Stock Exchange, the agency is still selling the main force. On the 21 day, the 5 sales offices of Shuanghui development were all institutional seats, with the highest selling amount of 629 million yuan, and the minimum sales amount was 137 million yuan.

At the same time, the agencies have also become the main force.

Of the top 5 seats bought, 4 were institutional seats, but 2 of them also had selling behavior while buying.

In addition, the sales volume of Shenzhen Shennan Middle Road Sales Department of Everbright Securities reached 301 million yuan, ranking first in the amount of purchase.

Although at present, the stock price of Shuanghui development has shown signs of stabilization, but the sale of the top 5 seats is 1 billion 407 million yuan, and the top 5 seats have been sold for 1 billion 15 million yuan, indicating that the stock market is still selling heavily, and the stock price volatility will not be frozen in the short term.

Shenzhen hot money 300 million pick up two days, the end of the limit

Industry analysis, Shuanghui development will continue to be the leader of the meat industry, but it will take some time to recover.

301 million yuan!

Everbright Securities Shenzhen Shennan Middle Road Securities Business Department, the gathering of funds gathered in the seat of Shuanghui development (000895.SZ) biggest buy list yesterday.

The four major purchasers followed were "institutional exclusive" seats, which were traded on each other.

Supported by such a big hand, the development of Shuanghui, which was down for two days due to the lean meat incident, ended yesterday with a closing price of 62.90 yuan per share, which only dropped slightly by 0.38% compared with the previous limit.

Analysis of the industry, the price of 60 yuan for Shuanghui development is a more reasonable valuation position, from the basic point of view, Shuanghui development will still be the meat industry leader, but it is still a matter of time to recover.

End of the day limit

In March 15th this year, due to the exposure of lean meat products, the stock price of Shuanghui developed on the same day.

After that, it lasted for more than a month.

And more than 160 of the funds were collected, but at this time they were like ants on the hot pot, worried about their "misfortune" stepping on the "landmines".

In April 19th, the stock resumed trading after the relevant self inspection announcement issued by Shuanghui development.

The two tier market is sending two "stop" without suspense.

Yesterday's opening, Shuanghui development reported 60.13 yuan per share, the distance from its limit price of nearly 4 yuan.

Then began to rapidly pull up, the previous continuous limit of haze swept away.

Subsequently, with the overall strength of the A share market, the stock price of Shuanghui development also soared, and it was once close to red. At last, it closed at 62.90 yuan per share, a slight decrease of 0.38% compared with the previous one.

It is worth noting that trading records show that yesterday's strength in Shuanghui development was associated with the volume of pactions. The total turnover amounted to 3 billion 397 million yuan a day and the turnover rate increased sharply to 9.20%.

Fund differences serious

Trading data released by the Shenzhen Stock Exchange yesterday night show that the funds sold still have the upper hand.

The top five seats for the development of Shuanghui development are institutional seats, and they are all sold without buying.

Reporters statistics found that only the top five selling agencies sold a total of 1 billion 334 million yuan.

The number one seat was 629 million yuan, and its selling is strong.

Compared with the seller's decision, the buyer's organization is somewhat uncertain.

Trading data show that the most popular is the well-known hot money concentration camp Everbright Securities Shenzhen Shennan Middle Road Sales Department, a total purchase of 301 million yuan, and a stock did not sell.

While the remaining four seats are exclusively institutional, there are two seats trading.

The largest number of seats bought was 194 million yuan.

In fact, as long as the lean meat incident was exposed, the company's share price trend for Shuanghui development has already been divided.

Trading records on that day showed that institutional seats also appeared in the top five seats.

Now, after the continuous fall, the difference is clearly continuing.

Mainly in the future or by concussion

Despite the divergence, how will the future stock price trend of Shuanghui develop?

Many people in the industry interviewed by this reporter believe that the concussion may be the main keynote for the future development of Shuanghui.

After yesterday's closing, the reporter called the first time to hold the largest number of Shuanghui development shares of the Global Fund (micro-blog) (micro-blog) stakeholders.

According to people interviewed by reporters, the company is still optimistic about the stock price trend of Shuanghui development in the future. As a leading industry, it will be affected in the short term, but in the long run, it is still worth investing.

But last year's fourth quarter report found that 9.75% of the fund's net assets held at the end of the fourth quarter of last year accounted for the net asset value of the fund, and the possibility of buying it again was low.

However, the development trend of Shuanghui development accounts for only 7.40% of the net assets of the fund.

To this end, many industry insiders said yesterday that the fund might buy up Shuanghui development in a big way.

As for yesterday's sale or purchase of Shuanghui development, the above mentioned Global Fund people did not know clearly.

Data show that after the Shuanghui lean meat incident was exposed, the adjustment valuation scheme given by Xingye Global Fund was a limit.

While a joint venture fund management company in Shanghai told reporters in an interview with reporters, a fund of the company sold a small amount of Shuanghui development yesterday.

For the reasons for selling, the person said it was worried about whether the fund would run away after the fall was opened, and on the other hand, the specific effects on the lean meat essence may need further observation.

But at the same time, a fund management company in Hushang, who did not want to be named, admitted to reporters: "yesterday we bought some Shuanghui development stocks."

The company said that the company had already discussed that if there were more than two limits, it would consider buying part of Shuanghui development stock.

"Since the development of Shuanghui after experiencing lean meat incident, if the management is strengthened, the position and future growth of the industry leader will still be worth looking forward to."

For the future trend of Shuanghui development, all of the funds said they may be mainly in the short term. After all, they are still at the cusp of the storm. The probability of a sharp rebound is low, but the possibility of further sinking is very small.

Will still be the industry leader.

On the second day after the outbreak of lean meat essence, an executive of the golden gongs group told our reporter that Shuanghui will also be the eldest brother. At present, no enterprise can shake Shuanghui's position in the industry.

In China's meat and meat industry, in 2010, the income of Shuanghui group has reached 50 billion yuan, and the annual income of second Yurun foods and third Jin Luo group has exceeded 10 billion yuan in the field of meat products, but it has not yet passed the threshold of 20 billion yuan.

A brokerage analyst believes that Shuanghui development stock price is bound to decline, but it is estimated that Shuanghui development shares will not fall sharply below the price level before asset restructuring, and it is expected to stabilize at around 60 yuan per share.

Shuanghui compared with other enterprises, still has obvious advantages in the layout of sales channels.

Wan Long, chairman of Shuanghui group, introduces that there are more than 30 thousand franchises in Shuanghui, and the gongs group has developed rapidly in recent years, but the number of stores is only 18 thousand or less than 2.

At the end of March this year, Sun Li, a dealer in Liaoning who was "long live Shuanghui" and "long live Bandung" at the Shuanghui million conference, began selling Shuanghui products in 90s of last century.

Apart from all over the country, Shuanghui has started to build its own Shuanghui chain store in recent years. The Shuanghui Road, which is located on the Shuanghui headquarters office building, is at least 500 meters away from three Shuanghui direct chain stores. Besides selling meat products, Shuanghui produces tofu and steamed bread as well as other foods. It is a small supermarket and similar stores are close to 1000 nationwide.

Bandung said Shuanghui will make noodles in the future and will become a big concept food company. "Only by killing pigs, you can make 100 billion, plus noodles, and dishes can be made bigger."

This is what Bandung said.

Even in the clenbuterol storm, Bandung also said that the actual slaughtering of hog will reach 19 million this year, compared with about 15 million in 2010, and the slaughter capacity of Shuanghui is around 30 million. Its factories in Luohe have used a lot of imported equipment with higher automation, and the capacity is not a problem.

However, the impact of lean meat events on Shuanghui product sales can not be ignored.

After the confirmation of Shuanghui development, since March 15th, due to the "lean meat essence" incident, some shopping malls, supermarkets and special shops selling Shuanghui products in some districts have seen the situation of the products going off the shelves. In March alone, the business income of Shuanghui group is expected to be 1 billion 360 million yuan, which affects 1 billion 340 million yuan of Shuanghui development business income (including the sales revenue of Shuanghui group).

At present, Bandung is most worried about other food safety or quality accidents. As long as there is such a thing, he thinks that Shuanghui is really over. Besides, analysts believe that consumers' confidence in Shuanghui products is hard to recover in 2 months, and half a year is fast.

At the March 31st Shuanghui ten thousand people's Congress, nearly 30 banks attended the conference. No bank was asked to recover loans after the lean meat incident. However, in the context of tighter credit, whether these financial institutions could wait until the day of Shuanghui's recovery was uncertain.

In addition, the industry pointed out that the relevant departments of Shuanghui lean meat incident investigation has not ended.

Once the investigation results are not conducive to Shuanghui, it will again hit the company with a fatal blow, and the stock price may go down again. This is also a risk for investors to face.