Hkust News Fly: Institutions to visit the crowded trading volume of shares plunged

Trainee reporter Yu Enron Hefei reported that this year's Daniel shares of the Hkust (002230.SZ) shares recently began to go unlucky. September 11, the Hkust news flight plunged 8.36%, to a big Yin line below half a year line, which has been in the past one months, the second one-day decline of more than 8%, after the company's share price has been falling and rising, the ups and downs.　　and from July 24 to the top of the 63.15 yuan per share of the all-time high, to September 18 close only 45.39 yuan, the decline of more than 28%, and frequent release of the huge amount of history. "The fall in share prices was a normal adjustment and there were no major changes in the company.　　"Regarding the recent stock price's unusual movement, the company Dong Xu Jingming [Weibo] said." In fact, there are a lot of good news about Hkust flying recently. September 12, the Hkust news fly issued a notice said, the company's "off-line voice dictation engine" will be officially released in late September; on September 5, Millet also announced that the Millet 3 mobile phone will use the HKUST's off-line voice input technology, the move is also considered to be the iphone5s before Apple released the "false",　　One of the highlights of the latter is also an increase in off-line voice input capabilities.　　The reporter also found from the bulletin, in July and August of this year, there were 3 batches of 155 (times) funds, brokerages, private equity, large and other investors to visit the HKUST, including many public offerings, private equity, but the company's share price in the recent continuous downturn is somewhat surprising.　　Voice leading stocks "wither" with the domestic voice recognition concept of the halo of the head, the Hkust news fly from the stock market began to go out in July 2012, by July 24 this year, the company's share price has been from less than 20 yuan to 63 yuan, or more than 200%. Is the so-called Sheng pole and decline. At the second day of record highs, the HKUST's share price plunged 6.86% per cent, and in the one months since then, the HKUST news flight plunged into a negative market, with 6 losses in the daily fall of more than 5%, of which August 16 and September 11 fell by 8.41% and 8.36% respectively.　　As of September 12, the Hkust flying shares received 45.3 yuan, compared to the previous peak price decline reached 28%, the turnover rate reached 151%, and during this period, the market has risen 8.94%.　　In fact, it is not uncommon for the hkust to fly, but it is worth noting that in this round of decline, the hkust flying volume of the rapid amplification, starting from June, the unit has repeatedly released a huge amount of history.　　According to the reporter statistics, as at the end of June this year, holding the Hkust flying funds reached 154, of which the reduction of 21, an increase of only 3, and overweight not more than 45,000 shares. "If the high volume in the history of the huge turnover should be vigilant, because this is often the main ship bag for Ann Rhythm." "A person familiar with technical analysis, said that many stocks in the run-up, the main force will be high selling, at least after a long adjustment before it is possible to launch a new market, such as the hkust flying out of the market in November 2010, in a record 40 yuan high, theninto the negative market, after 2 years of adjustment to re-enter the rising channel. Coincidentally, June 25 this year, Hkust announced with its own capital of 480 million yuan acquisition of Guangdong Qiming Technology Development Co., Ltd., and in the acquisition agreement, the owner of the sale of shares to ensure that in the receipt of the first two equity transfer price of each of the money within 6 months of the date, if the Hkust news fly stock close below 38 yuan/　　For a period of 10 or 10 or more trading days, the shares shall be purchased at Hkust for the balance of the amount of the transfer of the shares, and a certain restricted period is pledged.　　However, industry analysts say it is hard to say whether the original shareholders have the will to buy the Hkust shares, but at least its share price will be supported below 38 yuan. Main business profits were "cut" the first half of the company's performance is not satisfactory. August 10, the Hkust news flight released the first half of 2013. China reported that the first half of the company to achieve operating income of 419 million yuan, an increase of 38.01%, attributable to the listed company shareholders net profit of 82.495 million yuan, an increase of 41.22%.　　However, it is noteworthy that in the above net profit growth rate, the government subsidy increased by 33.16 million yuan last year, deducting the new part of the subsidy after the net profit of 52.8 million yuan, the first half of the net profit growth of Hkust is only 8.49%, earnings per share of 0.2 yuan.　　Specifically, in the first half of 2013, hkust flying outside business income of 59.34 million yuan, operating out of the net amount of about 54.13 million yuan, while the company pre-tax profit of about 102 million yuan, attributable to the parent company net profit of 82.5 million yuan, which also means that the company's net operating income accounted for the pre-tax profit of 53.07%.　　For the performance of the report, Xu Jingming said that the first half of the company to promote with the major operators and mobile internet business to make a larger upfront investment, resulting in a significant increase in management costs, but because the first half did not reflect the income, so the operating profit growth has a more obvious impact. "The company's main revenue growth, product gross margin is very high, net profit but not keep pace."　　"In the first half of 2013, the company's revenue was 419 million, an increase of 38%, and it was ideal," said a researcher who kept track of the hkust, with a net profit of 82.5 million, up 41% per cent year-on-year, and only a 8.5% increase after the deduction.　　In fact, backed by government support and technology-leading advantage of the HKUST news, the main business profits delayed release has been criticized by many investors. Reporter through in recent years, the company's financial data also found that the HKUST News FEI deducted net profit accounted for the total amount of 85.09% in 2010, after 3 years, respectively, 78.47%, 70.12%, 64% (2013 data), showing a declining trend of the year.　　The proportion of non-operating income to total profit rose sharply from 24.34% in 2010 to 53.11% in 2013, which means that the company's reliance on non-operating income is getting stronger. "The internet bosses ' cutKill ' Let the Hkust news fly has been proud of the voice recognition ' moat ' becomes more and more shallow.　　The researchers said. The agency is also fraught with misgivings about the slow growth in the performance of the hkust.　　The company explained that in mobile phone, education, car, television and other areas of sound technology applications flourish, carried out a lot of research and development input, are still in the investment period, the existing growth is mainly the growth of the original business, and the company's current focus on the strategic direction of the layout has not yet achieved large-scale gains. Hundreds of institutional research clouds in the view of many investors, if a listed company is frequently visited by agencies, it often means that the company will be strong bullish, its share price is more likely to rise.　　And from the company released the Investor Relations Activity table, the first half of this year Hkust news fly is crowded. According to reporter statistics, this year there have been 3 large-scale institutional and individual investors joint research activities, its lineup is strong enough to let other listed companies envy, of which April 27 there are 66 (people), July 9 71 (people), August 26 80 (people), most of the investigators for the fund, in addition to some securities,　　Private equity, individuals and other types of investors, including many star public offering and private equity managers, such as the Du Me Morgan. "Such a large-scale investigation presumably will not be coincidentally, it must be the company unified invitation, otherwise there are all kinds of crowd."　　"A brokerage official told reporters that such frequent large-scale convening of institutions does not preclude the company's intention to protect the disk."　　However, the reporter found that, although individual fund managers appear on the list of investigators, but in fact did not go to research, such as the list of "Days of the fund Wu Tao" in a telephone interview, said that he had a long time ago to ping an securities [micro-BO] Capital Management department work, and did not go to the Hkust News flight research. Why so many institutions to the public companies to investigate, triggering the market on the agency's guess.　　But in fact, the hkust has always been a lot of funds of the sweet cakes. However, in the first half of this year, the Hkust News of the top ten circulating shareholders in the fund began to diverge. The company reported that in the two quarter of this year, China Merchants prosperous Growth fund to reduce up to 3.8804 million shares, GF Strategy Optimization Fund reduction of 4.7846 million shares, the latter is a quarter just entered.　　The second quarter of the new entry to the Hkust ten circulating shareholder fund only Invesco Great Wall domestic demand growth, bought 4.3798 million shares. The first quarter of this year appeared in the company's top ten circulating shareholders in the core value of silver China, Chinese business strategy Select flexible configuration, big into wealth management 2020 life cycle, Everbright Securities customer Credit Guarantee account, the bank Schroeder growth and other partial-stock funds, the company in the newspaper withdrew the top ten circulating shareholders.