Hong Kong Stock Market Performance Overall Weakness Lining Hit 9 Years Low

In last week's Hongkong stock market, Securities shares It is still the most watched sector, but the focus of the market shifted from Zhongzhou securities and Shenyin to kingdom securities, which nearly doubled on the first day of last week.

In addition, due to the overall weakness of the Hong Kong stock market, maple leaf education, which has recently been listed, has plunged by more than 20% in one day. It is noteworthy that the famous sports brand in China. Lining It hit a 9 year low last week.

British securities jumped 98% on a single day

Recently, the stock market of Hong Kong stock market has risen a lot. Among them, Shenyang Wanguo and Zhongzhou securities are particularly outstanding.

However, on Monday, the performance of British securities was even more dazzling, with a single day increase of 98.18%. On the same day, the British securities opened at HK $0.56. After opening, the share price rose rapidly, rising to HK $0.81 at 10:30, and then the share price dropped slightly. The share price dropped to HK $0.71 and then pulled up rapidly, closing at HK $0.84 at the end of the morning. After the opening of the afternoon, the stock price was arranged sideways in the vicinity of HK $0.84, but at 2:50 p.m., the share price rose again, until it was closed at HK $1.09, and it rose by 98.18% on Monday, with a turnover of HK $391 million.

On Tuesday, the stock price of British securities even reached a 6 year high of HK $1.32, although its share price has dropped since then, but the stock price of British securities rose 56.36% last week. With the rise in stock prices, the British securities took the opportunity to reduce some of its shares. According to the stock exchange data, as of December 12th, the British securities decreased by about 39 million shares last week, with a 5 day average price of HK $37 million and a second stake.

As for the surge in Imperial securities, Wang Linfeng, a research analyst at state Yuan Securities (Hongkong), said: "according to the Wind data, after the rise of the imperial securities, the P / E ratio is only 10.7 times, and the net market rate is 1.53 times, which is still much lower than the valuation of the mainland and Hongkong securities industry. Therefore, the increase of the British Imperial securities can be understood as the promotion of the valuation."

"The increase in volume trading is good for brokerage stocks. Previously, funds were mainly chasing large brokerage stocks, mainly because they benefited a lot. Smaller brokerages have lagged behind. Therefore, when large brokerages have recorded a substantial increase, the market will be turned to small brokerages for speculation. Guang Fa securities (Hongkong) analyst Chen Huijie pointed out.

However, it is worth noting that as at September 30, 2014, the annual brokerage revenue of British securities accounted for only 16.8% of the total revenue, and the main revenue of the company came from the loan business.

Reporters also noted that the stock market share prices of Hong Kong stock market fell to a certain extent last week. However, some market participants pointed out that "adjusted brokerage stocks are more attractive."

Lining shares hit a new low of 9 years

Lining's brand is well known, but the company's share price has been in the doldrums for a long time, and has fallen for the past 9 years.

Last week, Lining's stock price fell 13.51%, to HK $3.33. In addition to receiving a small line on Monday, the remaining four days slipped, especially on Thursday, and the share price accelerated downward. On Thursday, Lining shares fell 6.22%.

Li Ning Co earned 3 billion 137 million yuan in the first half of 2014, losing 586 million yuan. CICC research report pointed out that although Lining began to adjust as early as 2012, we also saw some changes in the operation, channel mode and new products of the company, and then the overall improvement was far less than that of the competitors.

Chen Huijie pointed out that "before Lining's product positioning is not clear, and before the entire sporting goods industry has high inventory problems. Although Lining has been actively reforming, he has never been able to resist the same industry. At present, the whole sports industry has been reshuffled, and Lining's market share is constantly being eaten up by Anta, among other businesses.

Wang Linfeng said: "the clothing industry that Lining belongs to is still in the doldrums, and there is no sign of reversal in the short term."

Reporters noted that Anta sports, the same industry competitor in Hongkong, has gained nearly 50% of its share price this year.

Maple Leaf education fell 20.49% on a single day

Maple Leaf education, which was listed on the Hongkong stock exchange in November 28th, has remained stable after its listing, but on Monday, the price of maple leaf education suddenly dropped 20.49%.

Reporters noted that a number of brokerage institutions maple leaf education is only given "prudent" and other more conservative rating. But Everbright Securities pointed out that the price earnings ratio of maple leaf education in 2013 was 70 to 97 times. According to the financial data of the first 9 months of 2014, Forecast Ltd's 2014 earnings ratio was 41 to 56 times, and the P / E ratio was high.

Wang Linfeng also endorsed the high valuation of maple leaf education. He believes that the decline in maple leaf education share price is also affected by the decline of online education shares. Chen Huijie also mentioned that the recent inflow of funds into the old economic sectors, including insurance, brokerages, banks, steel and so on, was ignored.

The reporter noted that Ren Shuliang, chairman of maple leaf education board, raised 1 million shares of maple leaf education in HK $2 million 220 thousand in December 8th.

Blue tripod International Week fell 32.84%

Blue tripod International shares fell 32.84% last week, because blue Ding International announced on Monday that the acquisition may not be carried out.

Reporters noted that the blue tripod fell more than 20% on Monday and Tuesday, and the total stock price fell nearly 40% on the two day. Meanwhile, LAN Ding international also issued a notice on Monday night, saying that the company is now consulting on the possible acquisition of the casino license, but the acquisition needs further consultation and may not be carried out.

In April 3rd of this year, Blue tripod International It has announced that it will win the hotel business and gambling business in Jeju Island, Korea, at a price of HK $876 million. The company also believes that "our company has been looking for investment opportunities in real estate, entertainment and hotels to further strengthen the blue Ting international portfolio and enhance its potential for future profitability."

Chen Huijie said: "before investors have been looking forward to the spanformation of the company's business into gambling industry, the success or failure of gambling industry has a great impact on the price of blue tripod International."