According to the regulations of the exchange, the daily closing price of the listed company ’s stock price for 20 consecutive trading days is lower than the stock face value of 1 yuan, which triggers the termination of stock listing. According to data provided by Oriental Fortune Choice Terminal, as of the close of May 29, 2020, in addition to 38 suspended stocks, a total of 10 stocks closed at a price below 1 yuan, facing the “one dollar delisting” in the A-share market Risk, at the same time, there are about 100 stocks with stock prices between 1 and 2 yuan.
Hu Bai, the manager of the future fund of the private equity ranking network, said in an interview with a “Securities Daily” reporter that the face value delisting is likely to become a delisting of listed companies in the future This is the norm.
According to Hu Bo, individual stocks with a stock price of less than 2 yuan may cause investors to worry about the delisting of listed companies and reduce their investment enthusiasm for the stock As a result, the liquidity of the company ’s stocks deteriorates, causing the stock price to fall further, inducing or even locking up the “face value delisting” situation.
Judging from the delisting of listed companies in the A-share market in 2019, young eagle retreat, Watson retreat, Indian Ji retreat, delisting major control, Shencheng A retreat, Delisting Huaye and other six stocks belong to the face value delisting, and since 2020 as of May 29, there have been five listed companies with face value delisting.
In this regard, Hu Bo believes that as the value of “shell stocks” of listed companies decreases, the behavior of “spreading shell speculation” has been effectively curbed. Those listed companies with poor performance and weak major shareholders were further weakened, and finally they were slowly marginalized by the market. They were eventually eliminated from the market.
Yang Ruyi, executive director of Chunshi Capital, said in an interview with a “Securities Daily” reporter that there are more and more delisting stocks in A-share listed companies. With the continuous enhancement of investor education and protection, the investment logic of investors is gradually maturing and no longer blindly follow the hype.
“At the same time, as the registration system is further promoted, it is more convenient for companies to list, a large number of good companies can be listed, and there is no need to log on to the A-share market by means of backdoors. The resources are worthless, and the shareholders lose the motivation to protect the shell. “Yang Ruyi said.
When talking about how to avoid buying a stock with a face value delisting risk, Hu Bo analysis believes that first of all, it is necessary to establish correct investment values and adhere to the value investment philosophy. Adhere to the fundamentals of stock selection principles, look for industries and individual stocks with definite performance, or choose industries with core competitiveness and industries that have large growth space and meet the national economic development directionThe investment of leading companies in the “moat” can greatly reduce the possibility of encountering a face value delisting of individual stocks.
(Originally titled “Ten shares are facing the risk of” one dollar delisting “and nearly one hundred shares are tested on the edge”)