Evergreen (2603) did not hit the 180 yuan mark on the first day of its resumption of trading, not only did it not spray, it also dropped 4.8% and 9 yuan to a low of 178 yuan. 4% in a row and shipping became the weakest stock on the record.
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Evergreen was traded on the first day after the capital reduction this morning. The reference price was 187 yuan. It fell 3% when it opened. The decline increased in 10 minutes. Level battle. At the same time, it also dragged peers Yang Ming (2609) and Wan Hai (2615) down by more than 4%, becoming the weakest stocks on the market this morning.
In the morning, netizens were also very shocked by Evergreen’s performance after “exiting customs”. “Big Brother’s Style Is Done”, “Shipwreck”, “Sailors Are Too Miserable”, “Save Arong Gulugulu”, “Participating in Arong’s Capital Reduction Really Loses Money” … But there are also strong supporters of Evergreen netizens who confidently shout “A-Rong wakes me up”, “It’s still early, the water is deep and it’s okay.”
Evergreen’s shareholders meeting this year approved a 60% capital reduction, returning 6 yuan in cash per share. Prior to the capital reduction, the share price closed at 80.8 yuan on September 6.
Evergreen initially said it was “slim down” to cope with the boom. Prior to the capital reduction, the paid-up capital was 52.911 billion yuan and the net value per share was 82.54 yuan. No change, so the opening reference price this morning was raised to 187 yuan.
Previously, a legal entity report estimated that after Evergreen’s capital reduction, EPS was 164.16 yuan and 52.04 yuan respectively this and next year, according to the net worth per share of about 266. yuan and 253 yuan, and the target price was 177 yuan. Furthermore, there is a clear gap between the target price reported by foreign companies and domestic legal entities: JPMorgan Chase Securities is looking at 520 yuan, while financial investment advisors are looking at it as low as 160 yuan.
At the same time, before the market opens, although the market believes that Evergreen’s share price / book ratio has reached an all-time low, it will become a strong support for the share price. Secondly, during the suspension period of Evergreen, Yang Ming and Wan Hai, who are also one of the three container giants, increased by 4 ~ 5% against the trend, which is beneficial to the market trend of the reduction. of capital this morning. But at the same time, there are also reports of economic headwinds. Mainland China will have a long vacation on the 11th and shipments will be significantly reduced. Shanghai’s latest container freight index fell 9.7% this week. In addition, the United States The Federal Reserve will raise interest rates in September This morning the share price was weaker than expected.
Further reading
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Will rate hikes save inflation? Chinese Academy of Sciences scholar admits it’s “a bit difficult”
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Yahoo Finance correspondent Ye Yiru: 22 years of experience in major financial media, from the Web 1.0 bubble in 2000 to Meta’s Web 3.0, witnessing the rise and fall of large and small business groups in Taiwan and going through 5 international financial crises. We think finance is life and it is omnipresent.No matter how difficult financial knowledge is, we should make it clear. Whether you are old or young, you should manage your finances.
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