Today, Salt Lake shares staged a V-shaped reversal, fell more than 4% in the early trading, and also collapsed other lithium mining concept stocks, such as Tibet Mining, which fell 7% in the intraday trading. However, with the intervention of funds in the afternoon, the company’s stock price rose rapidly and hit the daily limit at around 2:10 in the afternoon. Today’s turnover exceeded 15 billion yuan, the third time since the resumption of trading, the turnover exceeded 10 billion yuan. It is worth noting that the top hot money “new hand” has increased for two consecutive days, with latent funds exceeding 600 million. The former “death squad” Guosen Securities, Shenzhen Luohu Baoan North Road, cut the meat out, it can be said to be cut on the floor. Who is buying the bottom behind the daily limit of Salt Lake shares today?
Hot money institutions game fiercely, Salt Lake shares daily limit reappears tens of billions of transactions
Today, Salt Lake shares performed a good V-shaped reversal. It once fell by more than 4% in the early trading, and it also collapsed other lithium mining concept stocks, such as Tibet Mining, which fell by 7% in the intraday trading. However, with the intervention of funds in the afternoon, the company’s stock price rose rapidly and hit the daily limit at around 2:10 in the afternoon. Today’s turnover exceeds 15 billion yuan, which is the third time since trading was resumed that the turnover exceeded 10 billion yuan. The company’s total market value is approximately 196.5 billion yuan.
It is worth noting that, as the “king of potash fertilizer”, Salt Lake shares closed up 306% on the day of resumption of listing, with a turnover of nearly 30 billion yuan. From the perspective of seats, the game of institutional hot money was fierce. Among them, on August 10, the two institutions bought seats. Into 1.425 billion yuan, at the same time an institutional seat sold 3.536 billion yuan. The top hot money “new hand” seat bought 448 million yuan, and the hot money squad Guosen Securities bought 403 million yuan on Baoan North Road, Luohu, Shenzhen.
As of August 11, among the buying seats, the two institutions bought a total of 347 million seats, while the two institutions sold a total of 988 million seats. It is worth noting that the top hot money “new hand” continued to buy 173 million. The hot money squad Guosen Securities sold 345 million on Baoan North Road, Luohu, Shenzhen. Compared with the 403 million that it bought on August 10, it can be said to be cut out. The first battle of the salt lake stocks in Guosen Securities, Luohu Baoan North Road, Shenzhen The death squad lost nearly 58 million in hot money.
It is understood that Salt Lake Co., Ltd. is the largest potassium chloride producer in China. It sits on the Chaerhan Salt Lake, the largest potassium-magnesium salt deposit in China, with approximately 540 million tons of potassium chloride reserves and approximately 8 million tons of lithium chloride reserves. Potassium has a designed production capacity of 5 million tons, accounting for 64% of the national production capacity. At the same time, the company’s lithium salt production capacity continues to expand. The existing lithium carbonate production capacity is 30,000 tons, and the lithium salt production capacity is 30,000 tons under construction. Due to the continuous increase in the price of lithium carbonate this year, feedback to the company’s performance, the company successfully turned losses into profits after experiencing huge losses.
According to a CCTV financial report, the proven reserves of lithium chloride in the Chaerhan Salt Lake are more than 12 million tons, which is huge. At present, the production of Lithium Carbonate in Lanke Lithium Industry has increased to 100 tons per day, and the output of Zangge Lithium Industry has reached 30 tons per day, but the full-load production is still in short supply. With the continuous maturity of technology, the current average cost of the salt lake lithium extraction industry has gradually dropped to 30,000 to 60,000 yuan/ton. Due to the rising price of lithium ore, the cost of lithium extraction from ore is also increasing, reaching close to 60,000 yuan/ton. Therefore, the salt lake lithium extraction capacity is rapidly growing, and companies have expanded their production. The Qinghai salt lake lithium carbonate capacity has reached an annual output of more than 90,000 tons.
“Little Crocodile” joined the battle group, the two institutions sold a total of over 500 million seats
The share price of Salt Lake shares was still adjusting this morning. At that time, the market was worried that the “Shinichi”, which had a huge amount of money, was losing money. Today, “Shoushou Xinyi” said in the circle of friends: “I bought the largest autonomous and controllable lithium resource. I don’t have to worry about a small loss. At that time, I bought a bunch of Wantai, Tianqi, and Fosun. Question, why should you be afraid of retrograde in trading your own perception.” What is interesting is that after a short time after “Shinichi” said, Salt Lake shares began to bottom out and rise to the daily limit in the afternoon. Who is the main force behind it?
On August 12, the Dragon and Tiger Rankings showed that the top hot money raised in the previous two days, “Shoushou Xinyi” did not appear on the Longhu List of Salt Lake Stocks today, and the “Shoushou Xinyi” bought a total of 621 million in the first two days. . Interestingly, the other top hot money in the market, “Little Crocodile” joined the battle group. Today, “Little Crocodile” bought 147 million yuan in the business department of Nanjing Securities Dazhongting, and Shen Gang Securities Shenzhen Branch bought 198 million yuan. , An institution’s seats were bought for 165 million; at the same time, institutional seats continued to be sold today, and a total of 531 million seats were sold for the two institutions today.
Regarding the daily limit of Salt Lake shares today, some market participants believe that it is a product of market sentiment, but the top hot money “lonely bull back” told the “Daily Economic News” reporter, what sentiment can make the nearly 200 billion market value of stocks raise the daily limit, Salt Lake does not It’s just a product of emotions. Emotions can’t handle such a large market. This is the result of joint efforts. The share price of Salt Lake shares hit a new high. There is no problem. Such a large market value can satisfy any hot money in the current market. The daily limit of Salt Lake shares focuses on everything on the market. The capital is the biggest leader in the market.
For Salt Lake shares, not everyone is so optimistic. Liu Youhua, the research director of private equity ranking network, told reporters that the daily limit of Salt Lake shares, from a financial point of view, we believe that Salt Lake shares are facing a situation of exiting a large number of profitable shares. 3~4 times, so that the original deep-set holders suddenly turned losses into profits, and the willingness of these holders to sell must be very strong. Moreover, many holders are debt-to-equity swaps, and their motivation for cashing out is even stronger. In terms of fundamentals, in the long run, although Salt Lake’s lithium carbonate business will become the company’s future growth engine, the current lithium carbonate business accounts for a relatively low proportion of the company’s revenue. Obviously, the market’s expectations are too high.
In addition, the total market value of Salt Lake shares today reached 196.5 billion, and this figure is close to the highest market value recommended by brokers. The Galaxy Securities Research Report shows that under the mismatch of global supply and demand, prices are expected to rise further. Global lithium resources are highly concentrated. Recently, as demand improves, lithium prices have begun to rebound. my country’s lithium carbonate raw material end lithium ore is heavily dependent on imports, but the brine resources are relatively abundant and the future can be expected. Considering that the effective increase of global lithium resources in 2021 and the uncertainty of future production capacity, and the substantial increase in demand driven by new energy vehicles, it is expected that the price of lithium carbonate is expected to rise further. Salt Lake’s lithium carbonate production capacity expansion will contribute to the increase in performance, and the company’s valuation should be in the range of 130 billion to 200 billion yuan.
Cover image source: Photograph
