Summary
[Salt Lake Co., Ltd. reloads old stocks when new stocks are speculating rationally]Since last year, the price of potash fertilizer has rebounded, and the market for lithium salt is optimistic due to the development of new energy. Salt Lake Co., Ltd. happens to have corresponding resource advantages in potash fertilizer and lithium salt. This made it easier for the company to achieve substantial growth in its main business last year, and its operations also turned losses into profits. From the perspective of enterprise development, this reorganization resolved financial risks, highlighted the main business, and achieved a win-win result. (Financial Investment News)
If you want to select the hottest stocks this week, thenSalt LakeUndoubtedly able to be selected.The stock is inSuspensionMore than a year later on this TuesdayResumption of trading, The intraday soared nearly 400%, and in terms of absolute price, it hit a 10-year high.Considering that the company isReorganizationWhen the provident fund was increased at a ratio of 10:9.5, the highest price of 43.90 yuan this week after the repayment of rights was 85.60 yuan, which is almost the same as the historical highest price set in 2008.
then,Salt LakeAs one of the largest potash fertilizer manufacturers in China, it is highly sought after in the capital market, especially during 2007 and 2008. With the increase in potash fertilizer prices, a large amount of funds poured into the potash sector, as the industry leaderSalt Lake, Naturally ushered in a sharp rise in stock prices. However, with the changes in the market environment, after the price of potash fertilizer, the stock also began to be left out.At this time, the company spent huge sums of money to invest in the magnesium industry. Although it was necessary in terms of the comprehensive utilization of resources, it had to borrow heavily due to the lack of technology and the large funding gap in the original arrangement. The amount of financial costs, the result is a serious dragPerformance, Resulting in the company being suspended from trading due to continuous losses.As one of the most important enterprises in Qinghai, the local government has taken various measures after the financial crisis of Salt Lake Co., Ltd. through the introduction of strategic investors,BankThe company was reorganized by the conversion of debts into shares and the divestiture of non-performing assets. It now appears that this reorganization was quite successful and laid the foundation for the enterprise to go lightly. Since last year, the price of potash fertilizer has rebounded, and the market for lithium salt is optimistic due to the development of new energy. Salt Lake Co., Ltd. happens to have corresponding resource advantages in potash fertilizer and lithium salt. This makes the company relatively easy to achieve its main business last year. The substantial growth of the company’s operations has turned losses into profits. From the perspective of enterprise development, this reorganization resolved financial risks, highlighted the main business, and achieved a win-win effect.
For some time, new energy has been a hot spot in the capital market. As the protagonist of the new energy sector, lithium batteries and listed companies that provide raw materials for lithium batteries have become the focus of attention of investors. The share prices of several listed companies in the lithium mining industry have also risen sharply. At this time, the salt lake shares that have not yet resumed listing have become the target of many investors.Due to the long suspension time, the original investor’s holding cost is also clearer, and the company’s potash fertilizer and lithium salt doubletheme, So some people regard it as a development with high certaintyNew crotch. Since it is a new stock, there seems to be no suspense about the public being hyped. Objectively speaking, as a production enterprise, Salt Lake Co., Ltd. is relatively clear in terms of resource reserves, profitability, and development prospects. At the same time, there are more similar listed companies that can benchmark it.SomeBrokerageBefore the resumption of trading in Salt Lake, it should be said that it is reasonable to give a market value valuation of 180-200 billion yuan. But the problem is that too many people want to get a share of the stock, seeing it as a big opportunity to lay out the new energy sector, so there is a situation of hype after the opening.Based on the highest price of the day, the total market value has exceeded 238.5 billion yuan, and the static price-earnings ratio at this time has been close to 90 times, far exceeding the concept of lithium extraction from the salt lake.Zangge HoldingsWait.Since it has clearly overdrawn the future growth potential, plus as the resumption of the old stock, most of its shares are tradable, and these sharesshareholderAt this time, profits are generally high, so it is natural that a large number of sell-offs poured out. As a result, the stock price closed at 35.90 yuan that day, a correction of more than 18% from the highest price. On the second trading day, Salt Lake shares continued to adjust, and the stock price had returned to the line of 33 yuan. Although at this time, the valuation of Salt Lake Stocks has not been too far from the forecasts given by many brokers, and has also narrowed the gap with other similar stocks in terms of price-to-earnings ratios, but after all, many people are trapped at the top. Not only does it hurt those boldly entering, but also makes the stock price look more passive. From the perspective of market operation, Salt Lake is not ideal. This incident also proves once again that the blind hype that departed from the fundamentals, no matter what the subject matter is based on, and how popular the subject matter is, it is still difficult to get rid of the result of failure. What is particularly disturbing is that although there are more people talking about performance and development prospects in investment, there are still irrational speculations in the face of stocks such as Salt Lake. This can only explain the market. It hasn’t really matured yet, and investors still need to further increase their awareness of rational investment.
(Source: Financial Investment News)
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