Recently, JPMorgan Chase and Taiwan Morgan Stanley, two special foreign-funded securities companies, did not fear the selling pressure from the company to send 7,000 shares. Instead, they bought Rong Gang, making Rong Gang’s stock price challenge the 10-year high. The future stock price trend is worthy of attention.
Text / Liu Zhiming
According to a report by Caixun, in the Taiwan stock market in December, the strong stock prices of steel stocks made people’s eyes shine. The main reason is that China has entered the moment of unblocking, and the market is looking forward to the recovery of economic demand. After Baosteel in China’s January 2023 market price, 6 major steel products were all sold with an increase, which further drove the growth of Taiwan’s steel stocks. which performed. Among the strong steel stocks, Rong Gang’s role is even more special.
Ronggang, a major special steel factory belonging to the Taiwan Iron and Steel Group, has seen its share price rise by a cumulative 14.73% in the few trading days from December 8 to 14, 2022. It is among the steel stocks that have risen in Taiwan stocks this wave, and their performance is very bright. An eye-catching stock.
Who is buying?Concentrate on two foreign capitals
“Financial News” reported that Zeiss, who used to be an engineer of Yageo Electronics, transferred to the securities industry and became an expert in chip investment, analyzed that during the process of Ronggang’s stock price rise, there were mainly JPMorgan Chase and Taiwan Morgan Stanley. Foreign-funded institutions have bought more than 30,000 shares in total since November 7, 2022, and have spent almost 1 billion yuan.
Since the ordering customers of these two foreign-funded institutions are mainly foreign-funded, foreign capital itself will have continuous inertia in buying and selling. , or other legal persons maintain this continuous buying habit, the probability of the stock price continuing to rise in the future will of course be greatly increased.
However, the “Financial News” report pointed out that if we further analyze it from the perspective of chips, although Rong Gang bought more than 30,000 copies within one and a half months of foreign capital, it was an excellent time; but companies that are familiar with chips have different distribution points. action.
According to Zeiss analysis, when the company implemented treasury shares in the past, the brokerage point that executed the treasury stock buyback was “Yuanta Fucheng”, and because Ronggang Company is located in Tainan, this point, in the eyes of bargaining chip experts, is the company’s operation points. After tracking the entry and exit status of this point in detail, it will be found that during the period from November 21 to December 14, there was an overselling action, and the cumulative overselling reached 7439.
According to the “Financial News” report, since the company’s distribution points are being sold, why can the stock price continue to rise? It is mainly the next step of buying, especially the buying of foreign capital is much larger than the number of shares released by the company’s distribution point, which means that the acceptance of buying is obviously much stronger.
According to Zeiss analysis, when the company sells its holdings, if it does not want to affect the upward trend of the stock price, it will list a higher price and sell it slowly in batches when the stock price rises; if the stock price falls (below the flat price), there will be no more actions to chase following selling. Rong Gang’s situation shows that although the company’s faction has sold out, the selling pressure on the stock price is quite small. It is worth observing whether it is using a foreign account to take over.
Who is selling?The company sends timely adjustments
According to a report by Caixun, due to Ronggang, since September, the shareholding of thousands of large investors has continued to rise, from regarding 47% to more than 49%. However, the shareholding ratio of retail investors has gradually dropped from 35.39% to 31.43%. The chips tend to be concentrated in the hands of large investors, and the stock price has gradually increased from 27.65 yuan to 33.7 yuan.
Ronggang produces special steel products, among which aerospace, oil and gas, and military industries are the main products. In 2022, the aerospace market has recovered to 80% of that in 2019. At present, many countries are increasing the layout of the military industry, which will also benefit in the future. The industry trend has made the company’s current order receiving status good.
According to the analysis of Caixun, the industry trend is favorable for the future development of Ronggang. Foreign capital bought 30,000 contracts in one and a half months, and the buying price was 1 billion yuan, which is much higher than the selling pressure of the company sending 7,000 securities brokers to sell. Foreign capital took over the big drama It is being staged, and the cost of buying foreign capital is regarding 33 yuan, which happens to be similar to the monthly average price of 33.9 yuan. In the future, the stock price should not easily fall below the monthly line and the cost price of foreign capital. And with the trend of Ronggang’s stock price hitting a new high in 10 years, the future potential is worth observing.… (This article is from Issue 675 of the bi-weekly magazine “Financial News”)
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