The "Two Madness" Of Securities Firms Reveals The Risk Of Investment In A Shares

The first big frenzy is the recent frenzied rise in brokerage stocks.

In the 19 brokerages currently listed, the recent normal trading of brokerage stocks has seen a doubling trend, especially on the day of December 4th, and all 17 brokerages with normal trading have all stopped trading.

From this year's increase, the share price of brokerages has increased by more than 200%.

The second craziness is the recent industrial capital's frenzy of reducing brokerage stocks.

In recent years, with the sharp rise of the stock market, the cash flow of industrial capital has also set off a climax.

For example, from November to December 8th, a total of 532 listed companies in the Shanghai and Shenzhen two cities experienced changes in the shareholding of key shareholders. Among them, 439 of the total holdings were reduced, and the total market capitalization was 39 billion 966 million yuan.

As a result of the current round of quotations, the stock market is also a serious disaster area for industrial capital reduction.

Among them, Guo Hai securities and Huatai Securities were reduced by 2 billion 498 million yuan and 1 billion 826 million yuan respectively, ranking second and fourth in the reduction list.

It is normal for industrial capital to be frantic to set up stock certificates.

After all, brokerage stocks have gained a huge increase this year, especially in the near future.

It is beyond reproach that industrial capital has been exorbitant.

For example, in November 21st, Guidong electric power sold 12 million 290 thousand shares of state sea securities through bulk trading, and the paction amount was 137 million yuan.

According to the announcement issued by the Guidong electric power on the same day,

After that, the company gained an investment income of about 114 million yuan.

So profiteering, industrial capital of course must "smile".

Not to mention others.

As a result of the loss of main business, it is necessary to make profits by selling brokerage stocks. For example, Zhengzhou coal electricity is a model to turn over performance through cash.

The company announced in the afternoon of December 7th that a wholly owned subsidiary, Zhengzhou coal and electricity material supply and Marketing Co., Ltd. sold 13 million 877 thousand and 200 shares of Founder Securities in December 4th, and the paction amount was 176 million yuan. After a gradual calculation, the reduction of the cost and related taxes and fees could earn about 126 million yuan before income tax.

The company's accumulative sale of Founder Securities is expected to earn about 318 million yuan before its pre tax income.

According to the three quarterly report of Zhengzhou coal and electricity, the company lost 1-9 yuan net profit in the month of 170 million yuan. Therefore, when the investment income is included in the company's income, the annual performance of Zhengzhou coal and electricity is expected to turn from a huge loss to a positive one.

Because of this, there is no reason why Zhengzhou coal industry and even industrial capital will not reduce the stock market that has soared this year.

In this way,

The "two Craziness" reveals to a large extent the risk of investment in the A share market.

Although the stock market has been going up in the second half of this year, the bull market in the market has been very loud. Moreover, the speculation in the stock market is not merely a "scrambled", but rather a lot of hype.

For example, the margin of margin financing has reached nearly 900 billion yuan, which brings a lot of interest income to brokerages. For example, Shanghai and Hong Kong pass is a new profit growth point for brokerages. Again, this year, the stock market is going well, and the self employment income of securities companies will also increase significantly. And the pre period of T+0, including the recent draft of stock options, will open up new profit growth points for securities companies.

As insiders say, brokerage stocks are the only big white horse.

Therefore, the market for brokerage stocks speculation reason enough.

But in spite of this, in the context of current circulation, the speculation in the market needs to pay a higher price.

Because the cash flow of industrial capital is a very realistic problem.

Speculation in the market must be paid for cash in industrial capital.

Because of this, this has greatly increased the risk of speculation in the market.

As an industrial capital, there is no doubt that it is an important beneficiary of this market speculation, and industrial capital has been made full of money because of market speculation.

But investors in the two tier market need to bear huge investment risks.

On the one hand, it needs more money to pull up when it is hyped, on the other hand, and more importantly, once the market is down, investors will take a bigger loss as investors take over the chips of industrial capital cash.

For example, the Shanghai Composite Index fell 163.99 points in December 9th, a drop of 5.43%, while four of the 19 brokerages traded on the market were down. Its China Sea securities fell 10%, and Huatai Securities fell 8.6%. As investors have already received the chips for industrial capital reduction, the investors of these companies undoubtedly have to pay more for this.

In fact, it is precisely because many problems, including the issue of restricted shares in the A share market, have not been effectively resolved. The rise of the A share market, including the A share market, will ultimately require the investors in the A share market to pay a higher price.

The "two Craziness" recently staged by brokerage firms has revealed this very well.