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The market rebounded on Thursday and fell back, and the stock index basically fluctuated around the 5400 point. The trading volume has not been effectively enlarged, reflecting that the market is still relatively cautious. However, near the weekend, the proper rest of the market is a more reasonable choice for both the technical and financial aspects of the market. The most prominent hot spot in today's session is the super falling stocks that continue to move out of the discount trend after the implementation of high dividend and ex dividend in last year's annual report. Like Jiangsu Kaiyuan Sanonda A 、 Datang Power Generation 、 Power source Recently, there has been a continuous rebound, in which the main funds are significantly more active. In this period of adjustment, market funds prefer to send subject stocks with excessive decline and high price, which provides us with some investment thinking. We suggest that investors pay attention to Baoguang Shares (600379), which has just completed its share reform recently and has carried out a 10 to 4.1341 share dividend, which is equivalent to 2.5 shares for every 10 shares of outstanding shareholders. However, due to market conditions, the share price fell by 37% on the first trading day after the resumption of trading, and then fell by 20%. At present, the cumulative decline in the recovery of rights has been close to 40%, which can be described as a serious oversold stock, and it is very likely to have a retaliatory rebound in the short term.
Baoguang Co., Ltd. (600379): Located in Baoji City, Shaanxi Province, the company is a key high-tech enterprise producing vacuum interrupters and vacuum switchgear in China, with an annual production capacity of 250000 vacuum interrupters, 6000 vacuum circuit breakers and 1000 vacuum switchgear. As one of the first professional enterprises to develop vacuum interrupters in China, the company was energy The Ministry of Finance of the People's Republic of China has determined that it is the designated manufacturer of high-voltage vacuum switches and has become the backbone enterprise of national power and energy support. The company has also passed the double high certification of the Ministry of Science and Technology of the People's Republic of China and the Chinese Academy of Sciences, and passed the ISO9002 quality system certification for the first time in the domestic passive component industry. Its new product development capability is in a leading position, and many products have been listed in the national torch plan and the national key new product plan. The advantages of technology and scale make the company have outstanding competitive advantages. The capacity of vacuum interrupter ranks second in the world, only second to Eaton in the United States. The production and sales volume of vacuum interrupters and vacuum circuit breakers have ranked first in China for many consecutive years. The products serve power distribution systems such as electric power, metallurgy, mining, petrochemical, railway, broadcasting, communication, industrial high-frequency heating, etc. The users are all over China's provinces and cities, and exported to the United States, Britain, India, South Korea, Taiwan and other countries and regions.
In recent years, the company's production and operation have been affected by the rise in the price of raw materials, mainly copper, and its short-term performance is not satisfactory. However, due to the high technical barriers of vacuum interrupters, large special investment, and long time spent training mature workers, there are only a limited number of factories worldwide that can manufacture interrupters in large quantities, and the market share is relatively stable. The prominent position in the industry still makes investors optimistic about the company's development prospects. The global electrical giant Schneider has always been interested in acquiring the company, but it has not been approved by the Ministry of Commerce. However, although the equity cooperation has ended, the business cooperation in high-end products has gradually expanded. At present, the export of Baoguang shares has increased by 10000 compared with last year, At the same time, the circuit breaker factory jointly established by Schneider and Baoguang Group purchased 30000 to 30000 arc extinguishing chambers from the company on a year-on-year basis. Foreign business cooperation provides a strong support for the rapid growth of the company's performance. In addition, the prospectus of share reform disclosed by the company shows that the major shareholder Baoguang Group has promised that its shares will not be listed and traded within 12 months after the share reform, but it has not indicated "no transfer". According to the analysis of insiders, this will not rule out the possibility of restructuring after the share reform of the company.
With the continuous promotion of power grid construction during the "11th Five Year Plan" period, the current capacity of domestic high-end circuit breakers cannot meet the market demand, and technical upgrading and capacity expansion are required. The company's leading products continue to sell well. The average monthly increase in the first half of the year was more than 30%, and the sales situation was encouraging. With the recent rapid growth of domestic and foreign orders, the arc extinguishing chamber production in August set a historical record for Baoguang, but it still cannot fully meet customer demand, and the company's capacity bottleneck is increasingly prominent. If this development is followed, the company's production expansion will be imminent. The future development prospects are promising.
Due to the suspension of foreign capital restructuring, the stock market continued to adjust during the period of share reform and suspension. After the resumption of trading, the stock continued to go out of the trend of discount rights, with a maximum decline of nearly 40%. The weekly low price of the stock continued to close a small positive line. Under the background of the continuous strength of the stock of high premium transfer discount rights, the stock is expected to rebound, and you can pay appropriate attention to bargain hunting.
