Stock price change emergency suspension verification!Hainan duty-free concept stocks are listed on 13 boards in 20 days, and the estimated value of the acquisition target is up to 6 billion
Financial Associated Press, June 23 (Editor Yu Qi) Haiqi Group closed the daily limit again, and recorded 13 daily limit in the last 20 trading days. It is worth noting that the company’s stock price has risen by 364.92% in the two months.
In the evening, Haiqi Group announced that the company’s stock price has increased significantly recently, and during this period, it has experienced abnormal fluctuations in stock trading. The company checked the fluctuation of stock trading and suspended trading from June 24.
As soon as the announcement of the suspension and verification came out, it immediately aroused heated discussions among many netizens in the Financial Associated Press APP. Some people said, “Like Zhongtong Bus, it will be supervised tomorrow”, and some people said, “This kind of suspension is a cut in half.”
The skyrocketing share price of Haiqi Group was mainly due to the market speculation about its Hainan duty-free business. The company announced on May 27 that it plans to acquire 100% equity of Hailv Duty Free. So far, the company’s share price has achieved 12 daily limits, ranking second in the A-share market in the past month.
Two years ago, Haiqi Group’s share price rose five times due to the expectation of acquiring Hailv Duty Free.
Regarding the latest relevant situation of the transaction plan, a person from the securities department of Haiqi Group told a reporter from the Financial Associated Press today: “I will not be interviewed for the time being.” He also said that there is still uncertainty about the success of the acquisition, and there will be regulatory approval and review by the restructuring committee of the China Securities Regulatory Commission. depends on the integration situation. (For details, please refer to the in-depth report by a reporter from the Financial Associated Press today behind the 11-joint board of Haiqi Group: the tax-free business will become the company’s highlight, and the market share of the acquisition target is less than 10%)
According to public information, Haiqi Group is mainly engaged in the commercial development of automobile passenger transportation, automobile depots and related automobile services. The target sea travel duty-free is also deployed in three major business sectors: island duty-free, cross-border e-commerce, and islander duty-free. As of the end of May 2022, a total of 884 brands have been introduced.
Haiqi Group recently announced that the acquisition will promote the company to upgrade from a traditional transportation company to a tax-free commercial conglomerate. After the transaction is completed, the company’s main business will be transformed into a comprehensive tourism business, which is conducive to enhancing the company’s profitability. The estimated value range of the 100% equity of Hailv Duty Free is 5 billion to 6 billion yuan.
According to the financial report, Haiqi Group has experienced a net profit loss for two consecutive years, and another loss of 16.2995 million yuan in the first quarter of this year.
Fan Xinyue of Cinda Securities showed in the research report that the income of Hailv Duty Free from January to March this year reached 1.38 billion yuan. Although it has been repeatedly affected by the epidemic, the annual income is expected to grow rapidly. With the injection of high-quality assets, the profitability of Haiqi Group will be further improved.
On the other hand, in recent years, the tax exemption policy for outlying islands has continued to be relaxed. In the fifth meeting of the Sixth National People’s Congress of Hainan Province, it was emphasized again that in 2022, Hainan will focus on enhancing the international competitiveness of Hainan’s duty-free shopping, and achieve a duty-free sales of 100 billion yuan in outlying islands.
Some analysts said that the duty-free market in Hainan’s outlying islands will become larger and larger in a short period of time, and this acquisition has positive significance for the entire market.
Judging from the current duty-free market in Hainan’s outlying islands, according to the research report of Cinda Securities, 6 of the 10 duty-free shops currently in operation in Hainan are under the banner of China Duty Free. In addition, the data shows that in 2021, the market share of Sanya International Duty Free City, the main business entity of the outlying island duty-free business under CDFG, will be 71.78%, and the market share of Hailv Duty Free in 2021 and the first quarter of 2022 will be 3.52% and 7.45%, respectively.