Be prepared, the unicorn will return to A to speed up, pay attention to the 5 major points (attachment)
"Red envelope" is coming! The process of becoming a technology leader is often accompanied by a surge in stock prices.
The unicorn in the dream is getting closer and closer.
On May 25, as the stock index continued to adjust, the concept of the unicorn and the back A strengthened against the market:
The Foxconn concept stocks innovation source has been on the daily limit for four consecutive days;
Ali concept Xinhuadu 002264, stock bar, Lu Chang technology daily limit;
WuXi PharmaTech's 14 daily limit stocks broke through 100 yuan, and each signed profit reached 85.67 million yuan, becoming the most profitable new stock in the year.
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Behind the strength of the relevant stocks, the pace of the listing of the unicorns back to A is expected to accelerate.
In the news, in addition to Baidu, Netease, Xiaomi, Jingdong, Ali's return to the A-share issue CDR is also rapidly advancing. On the policy front, the supporting policies of CDR have been released.
The process of becoming a technology leader is often accompanied by a surge in stock prices. So what other points are worthy of investors' attention?
Unicorn stocks rose across the board
Ali
In the past two days, Ali concept A and H shares broke out collectively. On May 25th, Xinhuadu and Luchang Technology once had a daily limit, Sanjiang Shopping 601116, stocks, Haitai Development 600082, stocks, Suning Tesco and other follow-up.
At the close on May 24, Hong Kong stocks, Ali Films, rose 31.52%, the biggest increase since July 2015. Ali's Alibaba Health has also risen 68% since February. On May 24, Ali Health closed up 1.47%, but Panzhong's share price once rose 11.49%.
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According to media reports, Ali may become one of the first technology companies to return to A shares in June, and this has become the focus of funding.
Analysts pointed out that from the performance of Ali Health and Alibaba Pictures, both companies had sustained losses before, and Ali's latest financial year was the first to turn losses into profits.
It is obviously unreasonable that the performance will drive the stock price to rise. It is more likely that Ali will return to the A-share market.
Foxconn concept
On May 25th, the stock price of Key Innovation Source was once again at the daily limit, and it is now in a four-plate trend. Prior to this, the company's innovation source said on the investment platform: In 2017, Foxconn began to become a corporate customer.
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According to the announcement, there were 14.327 million online users participating in the “new†of Foxconn on Thursday. The number of valid subscriptions reached 29.4 billion shares, and the initial success rate was 0.14%. This is far below the market's previous estimate of about four-thousandths of the winning rate.
According to analysts, industrial Fulian, which has many auras such as industrial Internet faucets and “unicornsâ€, will become the largest technology stock with the largest market value of A shares after the listing. As a result , the Foxconn industrial chain will be hot in the short term. It is also expected to continue to heat up, bringing trading opportunities to related concept stocks.
WuXi PharmaTech
On May 25, WuXi PharmaTech continued the trend of one-word daily limit. At present, the stock has been trading for 14 consecutive days (including 44% increase on the first day). The current stock price is 107.36 yuan, and the total market value reaches 111.9 billion yuan. At present, the total market value of WuXi PharmaTech has approached Yunnan Baiyao 000538.
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At the same time, because the company’s issue price is 21.6 yuan, it means
Each signed profit was as high as 85.67 million yuan, becoming the most profitable new stock in the year.
News: BAJ returns to A as soon as June
According to the "Qianjiang Evening News" report, in addition to Baidu, Netease, Xiaomi, Jingdong, Ali's return to the A-share issue of the CDR is also in the process of preparation.
As far as the current process is concerned, Xiaomi will be the first company to list in the A-share IPO in Hong Kong and also in the CDR form; Jingdong, Baidu and Alibaba become the first US technology companies to return to A-shares.
According to market participants, Baidu has selected Huatai Securities 601688, and it has served as the CDR issuing sponsor; while Netease has selected CITIC Securities 600030, and it has acted as the CDR issuing sponsor; Alibaba's CDR business has fallen into CITIC and China. Jin; Jingdong’s CDR business was seized by Huatai Securities.
Earlier reports also said that Alibaba and JD.com will return to A shares as soon as next month. The first batch of CDRs may be two or four. Baidu’s attitude is positive, or it can complete “back to A†with Ali and Jingdong at the end of June.
According to the news, Baidu's relevant finance department has begun to prepare for the work of CDR. Baidu's affiliates, especially holding companies such as iQiyi, have also carried out internal cooperation with Baidu's domestic listing.
According to the Hong Kong Economic Times, on May 18, China Mobile Chairman Shang Bing attended the shareholders meeting and said that it does not rule out the spin-off of the subsidiary in the A-share listing, while paying close attention to the development of CDR supervision.
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(The network is sent back to the list of A listings)
The process of becoming a technology leader often rises in stock prices.
The recent report issued by Essence Strategy states:
After the listing, the former unicorn has a higher probability of growing into a new technology leader, and this process is often accompanied by a sharp rise in stock prices.
The share price of technology stocks in the US stock market has risen hundreds of times in the past decade. In recent years, China's technology and technology leader BATJ listed in the US and Hong Kong also has a small increase.
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Point 1: What does CDR mean for Chinese investors?
Anxin Strategy pointed out:
Due to institutional reasons, high-tech companies such as BATJ have had to choose to list overseas. In terms of market capitalization, the total market value of the GEM in the A-share market has risen very little in the past two years, while the total market capitalization of the BATJ has nearly doubled.
If such a group of high-quality new high-tech companies are listed on A-shares, A-share investors will have the opportunity to get better returns from these technology leaders.
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Will the unicorn return to the A will have an impact on the market?
Ping An Securities said:
Foxconn Industrial Fulian issued a strategic placement that introduced the A-share IPO for more than four years.
And the large-scale lock on the new shares of offline institutional investors,
It is expected to be a typical example of the subsequent Unicorn IPO or CDR distribution.
The short-term impact of unicorn listing financing will also be significantly reduced.
Guojin Securities 600109, Li Lifeng, chief strategist of the stock market, also said:
The CDR process is accelerating. It is estimated that the first batch of 1~2 pilots will be issued during the year or at the end of the third quarter or the fourth quarter of this year. The financing scale will be about 50 billion to 100 billion yuan.
Given the market's affordability, the CDR release rhythm is expected to remain stable.
Point 2: When can the CDR be implemented?
According to NetEase Finance, Professor Zhao Xijun, deputy dean of the School of Finance and Finance of Renmin University of China, believes that:
From a time perspective, there are two aspects to consider. The first aspect is when the market construction and technical preparation for the market to accommodate new investment products are completed. Institutional construction includes some laws and regulations, issuance, trading, listing, information disclosure and other institutional arrangements. Technical preparation is a series of technologies in the issuance process, including transactions, bidding, investment and financing instructions, fund disbursement, etc., of course, including regulatory aspects. System and technology.
The second is that when companies want to choose when to issue, when to use money, when is a good timing for it, so we should consider time from these two aspects.
In terms of system construction, CDR supporting policies have been released.
At the time of the 40th anniversary of reform and opening up, China’s economic resilience is gradually increasing under the new normal. As the reform leader, the capital market identified the CDR as the “unicorn†listing support path at the end of March. Analysts believe that this means that the sector with the greatest growth potential and prospects in the future will remain in the A-share market. .
Since May, the supporting policies of CDR have been released one after another, which indicates that the official landing of CDR has become closer and closer.
Following the May 4th, the CSRC issued the "Administrative Measures on the Issuance and Transaction of Depositary Receipts (Draft for Comment)", on May 21, China Settlement on the "Regulations on the Registration and Settlement of Depositary Receipts (Public Consultation Draft)" Market participants have publicly solicited opinions.
According to the “Regulations on the Registration and Settlement of Depositary Receipts (Public Consultation Draft)†issued by the China Settlement Date, investors should use the A-share securities account for the subscription and transaction of CDRs; the pledge registration of depositary receipts will not be processed in China. business.
The analysis believes that although CDR investors do not need to open a special account, there may be new thresholds for the identification of specific qualifications, and subsequent rules should be introduced.
Point 3: Which companies can issue CDRs?
According to the relevant regulations of “large-scale red-chip companies listed overseas, with a market capitalization of not less than 200 billion yuanâ€, there are currently four Chinese Internet companies listed on the US stock market with a market value exceeding 200 billion yuan, namely Alibaba and Baidu. Jingdong and Netease, and the Chinese technology companies listed on the Hong Kong stock market are only Tencent Holdings, China Mobile and China Telecom.
Some overseas listed red chip companies that meet the requirements of the pilot
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Some unlisted unicorns in the territory that meet the market value requirements
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Point 4: Large brokerage stocks are expected to benefit
It is worth mentioning that the recent CDR speed increase also brings more business opportunities for large brokers. Compared with small and medium-sized brokers, large brokerage firms have stronger comprehensive strength in international business. They have absolute advantages in acquiring CDR investment banking projects, and are expected to obtain two parts of depository and sponsorship income, and increase investment banking business income.
It is reported that a number of medium and large brokerage firms are actively preparing for the CDR in order to seize the opportunities in future business development.
Shen Wan Hongyuan 000166, stocks estimated that the initial financing of CDR is 170 billion yuan, the average financing scale is about 12 billion to 25 billion yuan, and the CDR underwriting sponsorship rate is expected to be between 1.25% and 1.50%.
Accordingly, market participants believe that large brokerage stocks are expected to benefit.
Point 5: Unicorn concept stocks look here
Don't forget, there is also a unicorn concept stock. Wind comprehensive public disclosure information, not yet listed well-known unicorn business concept stocks are not fully statistic as follows:
Ant Financial Concept:
Hefei City Construction 002208, stock bar (002208): Controlling shareholder Xingtai Holdings became an indirect shareholder of Hainan Jianyin Jianxin through the participation of Jianxin Trust, and Hainan Jianyin Jianxin is one of the shareholders of Ant Financial.
Zhangjiang Hi-Tech 600895, stock bar (600895): Shanghai Financial Development Investment Fund Phase II (壹) (limited partnership) participated in the investment of Ant Financial Project, the announcement shows that Zhangjiang Hi-Tech invested in the project through a wholly-owned subsidiary.
Health Yuan 600380, stock bar (600380): The company holds an inward holding of 0.0308% of the equity of Ant Financial by holding the 7.3267% interest in Shanghai Jingyu.
Jin Zi Ham 002515, shares it (002515): The company invested 120 million yuan to participate in the establishment of Zhejiang Internet Bank, led by Ant Financial, which accounted for 3%.
Wanxiang De Nong 600371, stock bar (600371): the company's controlling shareholder Wanxiang Sannong Group Co., Ltd. participated in the establishment of Zhejiang Netcom Bank, led by Ant Financial, which accounted for 18%.
Haitai Development (600082): Tianjin Trust and Ant Financial Services of Tianjin Haitai Holdings, the controlling shareholder of the company, have comprehensive strategic cooperation in project investment and financing, asset securitization, project operation management and cloud computing platform.
Chengde Lulu 000848, stock bar (000848): Zhejiang Netcom Bank, the company's controlling shareholder Wanxiang Sannong Group Co., Ltd., which is led by Ant Financial, is 18%.
Greenland Holdings 600606, stock bar (600606): Beijing Zhongyou Investment Center (registered capital of 1.9 billion yuan) is the shareholder of Ant Financial Services, accounting for the second largest proportion of the National Social Security Fund. Shanghai Greenland Equity Investment Management Co., Ltd., a wholly-owned subsidiary of Greenland Holdings, is a shareholder of Beijing Zhongyou Investment Center.
Gao Weida 300465, stock bar (300465): On March 1, 2018, Gao Weida announced that it has signed a strategic cooperation agreement with Beijing Ant Cloud Financial Information Service Co., Ltd., and the company can participate in the cooperative development of ant Jinfu related financial business based on the authorized content.
Ningde era concept:
China Ping An (601318), Changan Automobile 000625, shares (000625), Huayi Brothers 300027, shares (300027), TCL Group (000100), Chuanhua (000155), Zoomlion 01071, shares (000157), pan Hai Holdings 000046, shares (000046): are shareholders of Ningde Times.
Huaxi shares 000936, shares bar (000936): the company's subsidiary, a village capital contribution? 50 million yuan investment in Ningde Times New Energy Technology Co., Ltd., the equity ratio is 0.238%.
Tianhua Chaojing 300390, stock bar (300390): Mr. Zhen Zhenhua, the controlling shareholder and actual controller of the company, holds 79.91% of the joint innovation, and jointly innovates 8.50% of the shares of Ningde.
*ST Jean (600432): Ningde era plans to invest 50 million Canadian dollars to increase the capital of the company's indirect holding company, North American lithium industry, and another 16 million Canadian dollars to subscribe for North American lithium convertible bonds.
Wei Lai car concept:
HKUST Smart 300222, stock bar (300222): On February 27, 2017, the company's wholly-owned subsidiary signed a cooperation agreement with Weilai Automobile to complete the R&D and manufacturing tasks for Weilai Auto.
Jianghuai Automobile 600418, stock bar (600418): In April 2016, the company signed a strategic cooperation framework with Weilai Automobile. Both parties will comprehensively promote new energy vehicles and intelligent networked automobile industry chain cooperation. It is estimated that the overall cooperation scale will be about 10 billion yuan.
Changan Automobile (000625): On April 9, 2017, the company signed a strategic cooperation agreement with Weilai Automobile. The two parties will conduct comprehensive cooperation in the field of intelligent networked vehicles and new energy vehicles.
Aotejia (002239): On December 5, 2016, the company's subsidiary signed a framework agreement with Weilai Automobile to develop an air conditioning system and cooling module for a mass-produced pure electric vehicle of Weilai Automobile.
NavInfo 002405, stock bar (002405): In August 2016, the company signed a strategic cooperation framework agreement with Weilai Automobile. The two parties will deepen their navigation engine, vehicle networking, autopilot, traffic big data online service system and global business. Cooperation, to create a model of "Internet +" cooperation in China and the world.
Shang Tang Technology Concept:
Keda News 002230, stock bar (002230): once answered investors' questions on the investor interaction platform, the company's wholly-owned subsidiary held a small amount of shares in the company.
Dongfang Net Power 300367, stock bar (300367): Co-invested with Shangtang Technology to establish Shenzhen Shenwang Vision Technology Co., Ltd., and is committed to developing into a leading security product provider with computer vision and deep learning original technology. In addition, the company has been maintaining a close working relationship with the team of Professor Tang Xiaoou, founder of Shangtang Technology.
Liang Technology (300603): Established “Xinjiang Tangli Technology Co., Ltd.†together with Shangtang Technology, positioning itself as a technology-based company providing artificial intelligence products and integrated solutions, and forming a market sales scale.
This article first appeared on WeChat public number: Wind information. The content of the article belongs to the author's personal opinion and does not represent the position of Hexun.com. Investors should act accordingly, at their own risk.
(Editor: Qiu Guanglong HF056)
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