Ten stocks face the risk of "one dollar delisting" and nearly a hundred stocks are on the edge
Our reporter Li Zheng
According to the regulations of the Exchange, the daily closing price of the listed company's stock price for 20 consecutive trading days is lower than the stock's face value by 1 yuan, which triggers the termination of the stock's listing. According to data provided by Oriental Fortune Choice Terminal, as of the close of May 29, 2020, in addition to 38 suspended stocks, a total of 10 stocks closed at a price below 1 yuan, facing the "one dollar delisting" in the A-share market Risk, at the same time, there are about 100 stocks with stock prices between 1 and 2 yuan.
In an interview with a "Securities Daily" reporter, Hu Po, the future star fund manager of the private equity ranking network, said that the face value delisting is likely to become a normal situation for future listed companies to delist.
According to Hu Bo, individual stocks with a stock price of less than 2 yuan may cause investors to worry about the delisting of listed companies and reduce their enthusiasm for investing in the stock, resulting in the company's stock liquidity becoming worse and causing the stock price to fall further. Induce or even lock in the "denomination delisting" situation.
According to the delisting of listed companies in the A-share market in 2019, 6 stocks including Yingying Delisting, Huaxin Delisting, Yinji Delisting, Delisting Control, Shencheng A Delisting, and Delisting Huaye belong to the par value delisting, while 2020 Since the end of May 29th, five listed companies have been delisted.
In this regard, Hu Bo believes that as the value of "shell stocks" of listed companies decreases, the behavior of "spreading shell speculation" has been effectively curbed. Those listed companies with poor performance and weak major shareholders were further weakened, and finally they were slowly marginalized by the market. They were eventually eliminated from the market.
In an interview with the Securities Daily, Yang Ruyi, executive director of Chunshi Capital, said that there are more and more delisting stocks in A-share listed companies. The main reason is that with the continuous enhancement of investor education and protection, investors ’investment The logic is maturing day by day, no longer blindly following the hype.
"At the same time, with the further promotion of the registration system, it is more convenient for companies to list, a large number of good companies can be listed, and there is no need to log on to the A-share market by means of backdoors. The shell resources are not valuable, and shareholders have lost the incentive to protect the shell. "Yang Ruyi said.
When talking about how to avoid the problem of buying stocks with a face value delisting risk, Hu Bo analysis believes that first of all, it is necessary to establish correct investment values, adhere to the value investment philosophy, adhere to the fundamentals of stock selection principles, and find industries and individual stocks with certain performance. Or in industries with large growth space and in line with the national economic development direction, choosing leading companies with core competitiveness and "moat" to invest can greatly reduce the possibility of face-to-face stock withdrawal. (Securities Daily)