If it weren’t for the limit-down of Yili’s shares yesterday, I wouldn’t even remember the matter of Yili’s shares. Yili is an old stock. Many years ago, when the chairman of Yili was Zheng Junhuai, I bought this stock. Later, I felt that this company was not simple, and it was so complicated that I couldn’t understand it, and I never cared about this stock again.
Speaking of this Yili stock, it does have some imagination with Gree Electric. Yili’s current Pan Gang replaced Zheng Junhuai, and Gree Electric’s current Dong Mingzhu replaced Zhu Jianghong. The difference is that Zheng Junhuai was unlucky and entered the class room, while Zhu Jianghong was old and strong. After retirement, he not only became a billionaire by selling Gree Electric shares, but also became a writer by writing the book “The 24 Years I Managed Gree Electric Appliances”. I don’t know if there is some kind of coincidence, but when I type in pinyin and hit the letters “zhjh” on the keyboard, the window that pops up automatically on the screen is:
There is an even more coincidental thing. Not long ago, a netizen suddenly asked me privately, what do you think about the two stocks of Yili and Gree, can you exchange Gree for Yili ? I can’t say Yili is bad. I remember how I replied to him: The difference between Yili and Gree is the difference between Pan Gang and Dong Mingzhu . I don’t know if he agrees with my reply after reading my reply, or if he exchanged Gree stock for Yili.
To say that there are coincidences between the two companies, there is a lot more. For example, although I haven’t been to the exhibition hall of Yili’s headquarters, I can imagine that there will never be an exhibition board that prominently promotes Yili’s founder Zheng Junhuai. The stock plan, like the employee stock ownership plan of Gree Electric, has been criticized overwhelmingly… In short, the two companies have too many gods.
However, just like Dong Mingzhu and Pan Gang, not only the genders of men and women are different, Gree cannot be Yili, there is an essential difference. I won’t go into details. The benevolent see the benevolence and the wise see the wisdom, and you should go and see it carefully.
Let’s not go so far, let’s talk about Yili’s stock price limit drop yesterday. Yili’s stock suddenly dropped by the limit, which seemed abrupt and unexpected to most people, but I think it was also expected.
I have been in the stock market for nearly 30 years, and I have seen too many impossibilities become possible, and many absurdities become reality. Take the years since I held Gree Electric Appliances in 2013. I have seen or experienced too many company stocks, such as LeTV… in front of me, the market value has surpassed that of Gree Electric Appliances. , and eventually became a cloud and vanished. I won’t give examples one by one, but let’s talk about the Yili shares in front of me. Last week’s stock market value was still more than 200 billion yuan, which exceeded Gree Electric’s tens of billions. However, after the market closed this week, Yili’s market value was only more than 160 billion yuan, while Gree Electric still had 170 billion yuan.
Only one week has passed, it is impossible that the two companies themselves have undergone earth-shaking changes. It is the people who speculate on Yili shares, and they are mainly fund managers of fund institutions.
The fund’s shareholding data for the third quarterly report has not yet come out. We might as well look at the fund’s shareholding data in the mid-year report:
You see, the mid-term report revealed that 1,267 funds held a total of 990 million shares of Yili, but only 527 funds held 160 million shares of Gree Electric. Is Pan Gang’s character better than Dong Mingzhu’s, or is Yili’s stock’s profit and dividend higher than Gree’s? It is said that stock speculation exceeds expectations and speculates on the future. I don’t know how these fund managers anticipate and speculate on the future. But I know that after Yili’s stock price fell by the limit, it was the fund institutions that were selling frantically. There is no evidence, please look at the sell orders of Yili shares yesterday, many of which are large orders of 10,000 lots. Fortunately, the exchange host can accept only 10,000 orders for a single transaction. Otherwise, we will definitely see a more spectacular big sell order appearing on the disk.
Yesterday, the limit-down of Yili shares in the A-share market was spectacular, and the closing call auction of Gree Electric was also very exciting. After the market closed yesterday afternoon, I posted a Weibo:
After reading it, many people were puzzled by the call auction reference price of RMB 30.70 for more than 10,000 lots that suddenly appeared at 14:57:09 yesterday. I have nothing to do today, I will explain it to my friends. The market price we see is refreshed only once every 9 seconds, so the one we see is actually more than one. Just take a look at this live market screen shot below.
At that time, there were two large buy and sell orders of one million lots, but the buy order of 31.10 yuan entered the exchange host first, and the sell order of 29.28 yuan was a few tenths of a second later. Therefore, the reference transaction price of 30.70 yuan we saw flashed out for 9 seconds, and then was suppressed by the 29.28 yuan sell order that came in later. This is the legendary confrontation.
The main force against the stock, but also to spend a lot of tax costs. And the reason for doing so must be famous. For what purpose, we don’t know. But we can speculate.
The order for the closing call auction cannot be withdrawn. Therefore, when the market price changes abnormally, it will definitely attract the attention of investors, especially yesterday, before the disclosure of the third quarterly report. Yesterday, the buy order of one million lots at 31.10 came out first, and we saw that the stock price jumped instantly. On the contrary, if the sell order of one million lots of 29.28 yuan advanced to the mainframe, the transaction price revealed by the disk could drop instantly. .
No matter what happens, the main force will attract follow-up trading in the market. So what we saw was that the main force traded 1 million shares against each other, and finally closed and traded 2.31 million shares, which more than doubled.
If the third quarterly report disclosed by Gree Electric Appliances tomorrow night is like the one disclosed in the last interim report, the market believes that it is a positive that exceeds expectations, and the stock price will naturally skyrocket. Yesterday’s main force was just to attract goods. Otherwise, it is shipped. You say, which is more likely? I have no idea.
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