A-share listed company Eternal Asia Trading in the morning, the daily limit of more than 200,000 orders.
Shares of Eternal Asia Limited rose by the daily limit on the company’s plans to set up a liquor production company in Guizhou. Late February 5, diet and the announcement says, and guizhou province renhuai came close trade co., LTD., city hui liquor (henan) co., LTD and chengdu create win-win wine partnership (limited partnership) joint venture set up “guizhou province renhuai wang home burn fang co., LTD.”, and said in the wine industry after its establishment, the company will further enhance the company in the liquor industry layout, increase the size of the company in the liquor industry business and profitability.
The registered capital of the company is 50 million yuan, and the company invested 17 million yuan in cash, holding 34% of the equity of the company, with the largest shareholding proportion. The business scope of this liquor company includes the production and distribution (distribution) of liquor products. The company’s domicile is Maotai Town, Renhuai City, Zunyi City, Guizhou Province, which is known to the outside world for its Maotai liquor.
At the same time of the company’s proposed investment in the White Winery, Etiasia also issued a large number of the sale of holding company equity notice.
The king of the supply chain lost 90% of its value
EasyAsia is the first listed supply chain company in China and one of the earliest enterprises to integrate wholesale and retail channels in China. In 2015, the company’s stock price reached its peak, with a market value of more than 70 billion yuan. Then, the market value of EasyAsia continued to shrink for four consecutive years. In 2020, the company’s stock price began to stabilize, with a total annual increase of 3.76%, but the company’s latest market value was less than 10 billion yuan, a decline of nearly 90%.
The company has never recorded a loss in its annual report since its listing, but since 2017, the company’s performance has continued to decline, the performance is difficult to support the higher valuation, the company’s latest rolling price-earnings ratio is still 90 times.
Etiaotong set up a joint venture to produce liquor, which was ridiculed by shareholders: it was a “late gathering”. The distillery chose Maotai-flavoring liquor in Maotai Town, Renhuai City. It was driven by the high valuation of liquor, which had a positive effect on the stock price in the short term, but the catalytic effect of the stock price brought by liquor theme was not as good as before.
For example, Red Star Erguotou backdoor Dahao Technology, Dahao Technology in the market value increased by three times, the stock price began to fall; Yuyuan shares ST willing to control, the share price nearly doubled, then all the way back, the latest price close to wipe out early gains.
As of today, share prices of Kweichow Moutai, Wuliangye and Luzhou Laojiao, among other top spirits, are up, while share prices of Qinghai-barley, Golden Seed, Laobaigan and Jinhui are down more than 20% this year.
A list of booming stocks in sectors benefiting from the boom came out
Kweichow Moutai rose 1.6% this morning, with the latest market value of 2.95 trillion yuan. Specifically, CITIC Securities believes that the current liquor has entered the peak season of the gradual verification period, high-end liquor is almost not affected by the epidemic, maintain strong demand, dynamic sales are good and the price has increased significantly compared with the same period last year.
Industry boom, the company’s performance is expected to continue high growth. Securities times, precious rough statistics data showed that the boom of 2020 listed companies benefit from the high industry mainly distributed in the export, CIS, passive components, white cardboard, MOSFET, military industry, photovoltaic panels and high-end manufacturing, brokerage analyst at high attention related benefit shares have yu letter technology, zoomlion, new shares, he shares, along the winding micro electronics, CRC, aerospace electronics, bo hui paper, treasure titanium shares and Ann Wells food, covering at least two organizations.
Benefit from the industry boom, the performance of most of the above companies exceed expectations, such as Yuxin technology is considered by many institutions to exceed expectations, order verification industry boom, the company released the 2020 annual performance forecast shows that the net profit is expected to be about 433 ~ 467 million yuan in 2020, a year-on-year growth of 57.92%~70.33%; Tianfeng Securities believes that the company’s orders in the same period last year increased by more than 30%, business recovery is good, and the reporting period achieved a breakthrough of zero overseas business. Other companies that beat expectations were Shunluo Electronics, Wanhua Chemical, Foster, Xinbao, Xuelong Group, Zhenhua Technology, AVIC SAC, Yuxin Technology, HTC Electronics, Fenghua Hi-Tech and Ruichuang Micro nano.
In terms of stock price performance, the overall stock price performance of companies benefiting from the industry boom outperformed the market, such as Medexi, Anjing Food, Shunluo Electronics, Hengli Petrochemical and Wanhua Chemical have all performed over 30% this year. Medisi has increased by more than 50% this year, and the company is one of the domestic pre-clinical one-stop CRO market leaders. West China Securities (002926.SZ) believes that in the next 3-5 years, the domestic CRO industry will continue to be in a high boom.