The reasons for the sharp decline of "Coupon Mao" Oriental Wealth: Is it because of "turning off the lights and eating noodles" or redemption of convertible bonds?
"Coupon Mao" Oriental Fortune (300059.SZ) encountered "Black Monday"?
On Monday (February 14), Oriental Fortune opened lower, and then dived rapidly.
One hour after the opening, the stock price plummeted by more than 13%, and the stock price hit a new stage low of 27.28 yuan per share.
As of noon that day, Oriental Fortune reported 28.04 yuan per share, down 11.63%, ranking first in the brokerage sector.
In the morning, the turnover was 10.123 billion yuan, ranking first in the two cities, surpassing Ningde Times (7.176 billion) and Tianqi Lithium (4.215 billion), with a turnover rate of 4.04% and a total market value of 290.7 billion yuan.
That morning, the brokerage sector fell as a whole, with GF Securities and Xiangcai shares falling by more than 5% at one point.
As of midday, the Shanghai Composite Index fell 0.63%, the Shenzhen Component Index fell 0.54%, and the ChiNext Index fell 0.3%.
The brokerage sector fell 2.19%, leading the decline. About 50 stocks in the sector, only Guosheng Financial Holdings rose slightly by 0.44%, and the rest all fell. More than ten stocks such as Orient Fortune, Huatai Securities, and Industrial Securities fell by more than 3%.
At the close of last Friday (February 11), Oriental Fortune closed at 31.73 yuan per share, with a total market value of about 328.9 billion. According to this calculation, on the morning of the 14th, the total market value of Oriental Fortune evaporated by more than 38 billion.
Why did "Coupon Mao" suffer a sharp drop?
On the news that day, according to the website of Qichacha, Oriental Fortune was applying for the registration of the trademark "Eating Noodles with the Lights Off".
According to the company's investigation, the date of application for the trademark "turn off the lights and eat noodles" is August 3, 2021, the trademark status is "application for registration", and the applicant's name is Oriental Fortune Information Co., Ltd.
In response, Oriental Fortune replied that the word "turn off the lights and eat noodles" appeared in the stock bar forum operated by the company more than ten years ago, and recently found that some companies and individuals are registering the "lights off and eat noodles" trademark to prevent malicious registration or Utilizing, the company submitted a trademark registration application for protection on August 3, 2021.
At the same time, at the company level, Orient Fortune has recently issued several announcements on compulsory redemption of convertible bonds. Fortune Information Co., Ltd. will enforce the redemption at the price of 100.18 yuan per piece.
Some market analysts told reporters that the mandatory redemption of convertible bonds will have an impact on the stock price and trend of the underlying stock. ."
However, some analysts believe that Oriental Fortune had previously accumulated a larger increase.
Data show that on December 13 last year, the stock price of Orient Fortune hit a record high, reaching 39.35 yuan per share during the session.
In terms of performance, according to the 2021 annual performance forecast released by Oriental Fortune at the end of January, the company expects to achieve a net profit of 8.2 billion to 8.9 billion yuan attributable to shareholders of listed companies last year, a year-on-year increase of 71.62% to 86.27%.