The Archegos liquidation storm concept stocks continued to suffer, but Tencent Music closed up, and Vipshop would fall by more than 8%; the chip shortage did not change the optimistic expectation, Xiaomo gave Weilai a target price of $70; Bilibili US stocks closed up 4.59%; Futu Holdings rose 14%, and rose nearly 25% in three days.
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The U.S. stock market closed mixed on Monday, with the Dow rising about 100 points, setting a record high in intraday and closing history. The market continues to pay attention to the impact of the Archegos fund liquidation. The Biden administration will advance a $3 trillion infrastructure project this week.
Futu’s popular Chinese concept stocks were mixed. A total of 14 stocks rose, 27 stocks fell, and 1 stock closed flat.
The specific performance of China Concept Stocks is as follows:
Among well-known Chinese concept stocks: Wuxin Technology rose 17%, Futu Holdings rose 14%, Bilibili, MINISO rose more than 4%, Ctrip and Alibaba rose more than 2%, Tencent Music, Lu The gold exchange rose more than 1%.
The big increases were: Hewlett-Packard Pharmaceuticals rose 37%, Research Control Technology rose 18%, and the ninth city rose more than 5%.
The largest declines were: Huafu Education fell 21%, Four Seasons Education fell 19%, and GSX fell 18%.
Market source: Futu Niuniu>
Focus Review
Education stocks fell collectively, GSX fell 18%
Education stocks fell collectively, with $GSX.US (GSX.US) falling more than 18%, and the stock fell nearly 70% this month; $ Elite Education (ONE.US) falling nearly 12%, $ fluent said (LAIX.US)$ fell more than 10%, $Youdao (DAO.US)$ and TAL.US$ fell more than 7%, and $New Oriental (EDU.US)$ fell more than 3%.
Xinhua News Agency recently issued a comment saying that if there is no effective restraint, capital will inevitably be guided by high profits, and there will be no bottom line to cater to the utilitarian needs of short-term “point-raising”, and even at the expense of creating group anxiety. Education has become a “rolling game”, and only capital will benefit in the end. Government agencies should also actively guide the healthy and standardized development of off-campus training institutions, and lead capital to contribute to the healthy development of the education industry under a good market order.
Last Friday, the Ministry of Education issued the “Regulations for the Construction of Digital Campuses in Higher Education Institutions (Trial)”, which aims to promote the Education Informatization 2.0 Action Plan, develop “Internet + Education”, promote the integration of information technology and education and teaching, and upgrade institutions of higher learning Information construction and application level.
The concept stocks of the Archegos liquidation storm continue to suffer, but Tencent Music closes up
Hedge fund manager Bill Hwang’s Archegos Capital “exploitation” incident continues to ferment, except for the continuous decline of “turmoil concept stocks” that have been sold off.
The concept stocks of $Archereos (BK2562.US)$ were all closed down except for $Tencent Music (TME.US)$ which closed up 1%, of which $GSX.US (GSX.US)$ It fell more than 18%, $Vipshop (VIPS.US)$ fell more than 8%, and $IQiyi (IQ.US)$ fell 5%.
Among them, Tencent Music announced that it will repurchase up to $1 billion worth of shares in the next 12 months. The company said it plans to fund the repurchase from its existing cash balance.
Bilibili US stocks closed up 4.59% and successfully returned to Hong Kong for listing on Monday
$Bilibili (BILI.US)$ US stocks closed up 4.59% to 101.54 US dollars, ADR conversion price is 784 Hong Kong dollars.
On Monday, Bilibili was officially listed for the second time in Hong Kong, priced at HK$808 per share, and the net fund raised was HK$19.87 billion. Bilibili Hong Kong stocks closed down 0.99%, and the stock price was quoted at 800 Hong Kong dollars.
In response to the Hong Kong stock price break, Chen Rui, Chairman and CEO of Station B, said:
CapitalThe overall market situation is relatively poor, which should be regarded as a black swan incident. I believe that the company will prove value in the future. Today there is a feeling of Yesterday Once More. We also broke when we listed on the US stock market. But I said at that time that no one will remember the break in the stock price of station B in the next ten years.
The chip shortage does not change the optimistic expectation, Xiaomo gives Weilai a target price of $70
Due to the shortage of chips, NIO (NIO.US)$ decided to suspend automobile production activities at the “Jianghuai NIO” Hefei manufacturing plant for 5 working days from March 29. But in JPMorgan Chase’s view, there is nothing to worry about.
JPMorgan Chase stated in a research report: “Although NIO has lowered its delivery guidance for the first quarter from 20,000 to 20,500 to 19,500 due to the shortage of chips, our forecast (20,000) It can still be achieved, and the forecast may be conservative.”
JPMorgan Chase has given Weilai a target price of US$70 with a rating of “Overweight”.
In addition, people familiar with the matter said that Weilai Automobile has submitted a listing application to the Hong Kong Stock Exchange.
Futu Holdings rose by 14%, nearly 25% in three days
On Monday, Futu Holdings (FUTU.US) closed up 14%, and the stock price was reported to be US$131.51, a cumulative increase of nearly 25% in the past three trading days.
Previously, CICC issued a research report stating that Futu Holdings’ guidance for new paying users in 2021 is 700,000, of which 80% are expected to come from the mainland and Hong Kong, and 20% are from overseas Singapore and the US market. The year-on-year growth rate of corresponding paying users is as high as 135%, which is much higher than market expectations; internationalization, B-end and C-end ecological connection, and the cultivation of elephant wealth will provide an engine for continuous growth; a target price of 220 US dollars will be given to maintain an outperforming industry Rating.
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