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Reporters and analysts all told readers that AMTD’s stock momentum is unsustainable. The stock’s behavior early on Aug. 1 justifies skepticism.What Is Going on With AMTD Digital (HKD) Stock Today?I’ve covered technology for over 40 years and AMTD is the most incomprehensible set of buzzwords and hype I’ve ever encountered. That doesn’t mean the company can’t succeed. It just means the current price guarantees success when the company has achieved very little.
Zhou did not address this issue since then interviews with the media, he only referred to his intention to privatization within the letter. "In order to better the future development of 360 (QIHU), old Qi (Qi Xiangdong, president refers to 360) and I after careful thought, he decided to start 360 privatize strategic plan, which is an active strategic choice after the repeated consideration of the current global and Chinese capital market environment made . "He said," our company among many people think that 360 is currently $ 8 billion in market capitalization, did not fully reflect the value of the company. "This paragraph discusses something I would have expected companies to do instead: list on both exchanges.
This is the tenth since June takes shares in privatized companies made the offer, on the same day, Renren (RENN) and 21 Vianet (VNET) announced it will be privatized, their goal is to return to A shares mostly. Baofeng is up 43 times in the past three months, those gains are persuasive enough, its market value is equivalent to eight times that of Xunlei (XNET) in the United States; Leshi (300104), as also a good example, its market capitalization is 8 times that of YoukuTudou (YOKU).
In fact, a few months ago, there are rumors in the capital level will be 360 this year, a big move. And in May this year, the formal establishment of 360 corporate security group has shown that this is not just a rumor. 360 insiders said the company is to be listed separately, Qi Xiangdong In an interview with this reporter, have hinted at these types of companies in the A share market would be a good choice, "the A-share listed? Please enjoy we hope to help. "The main reason to leave the U.S. may be the lack of understanding of the Chinese market on Wall Street. The American market focuses on innovation, while the Chinese aim to make money.
At that time, most would guess are 360 theme of "split" rather than privatization now. According to speculation capital circle 360 will further sort out the current three core businesses: security, commercial (search, browser, cash flow distribution platform product) and hardware, and then seek a separate listing for each business.
Which it has a certain logic. Three business valuation model is completely different from last year, 360 have been aware of the seriousness of this problem. According to media reports, Cool great God to remove investment and NETCORE (do a router company), the 360 also invested in dozens of the great potential of the new hardware company. Zhou Hongyi that with the advent of the era of things, the 360 must regain the right to speak at the hardware level, but this has not been recognized by Wall Street.
"The US stock market relatively advocating innovation, innovation-driven market; and more Chinese enterprises are business-driven model like this game very common in the United States, it is difficult to be optimistic about the current state of development. 360 doesn't have much imagination, especially now involved in the mobile business, the US market is more not read. "said Fang Xingdong, chairman of the Internet Lab.
Therefore, the logic is more conventional corporate security and hardware these two new services in the domestic market alone, and 360 in order to continue business into the main company listed on the NYSE.The fallout from the the Snowden affair my also be having an effect:
360 is now faced with a somewhat "panic" in China. After Snowden event, national levels, especially government ministries, the central enterprises and large private enterprises on the importance of information security surge.Going private may not be a smooth ride though. The Focus Media reverse merger onto the A-share market may fail.
"You look up how many times last year opened a related forums and conferences, you know how hot, sometimes five or six games in one day." 360 technology vice president, said Tan Xiaosheng, he is now second in command of 360 corporate security group. 360 can refer to the information security template is now the leading stocks Venus A shares in the past month, its stock price reached its highest point in five years of its listed --73.1 yuan, and after the company's stock price hovered perennial down 20 yuan.
Although the Chinese government has not banned foreign information security companies can not enter China, but this thing in the future will be more and more impossible. First, companies such as the United States Fireeye thanks to the cooperation with the military very close, so the US government is prohibited "export"; Second, the Chinese government will be in accordance with the relevant provisions of security There are some requirements for foreign companies, such as submit their own core code before it can carry out services in the country, but not too much foreign companies are willing to accept such a request.
Even if all of them are optimistic about the return of 360 A shares, but it does not mean you can sit back and relax Zhou. Focus Media backdoor Hongda New Material is likely to die, which the Commission is to initiate an investigation. Moreover from stocks privatization, then the A-share listed a variety of ways is an extremely complex project. "Our listing process can be organized into a textbook, and hired a global law firm devoted to storm the market, and a summary of the return of red chips." STORM CEO Feng Xin said.Will the Chinese bull market last long enough?
Delisting from the United States needs 6-12 months, in accordance with the relevant provisions of the queue in the domestic market after three years of the matter is. Even this year, the formal implementation of the registration system, they have needed one or two years time, go directly to the new board listing Maybe time will be shortened, but its financing capacity, compared with the secondary market is still a gap.
Here is the original announcement Storm Technology:The article speculates it may be some new business venture. In which case, given the mood of the market, a few more limit up days may be in order.
The suspension notice on major issues
The Company and its Board of Directors guarantee the truthfulness, accuracy and completeness, not false, misleading statements or material omissions.
Beijing Storm Technology Co., Ltd. (hereinafter referred to as the "Company") is planning major issues, the matter is there are still uncertainties. To ensure fair disclosure of information to protect the interests of investors, to avoid abnormal stock price volatility, according to "the Shenzhen Stock Exchange GEM Stock Listing Rules" and "Shenzhen Stock Exchange GEM listed companies standardize operational guidelines" and other relevant provisions of the the company apply to the Shenzhen Stock Exchange, the company's stock (stock abbreviation: Storm Technology, stock code: 300431) since June 11, 2015 opening date suspended until the company by specifying the media resumption of trading after the disclosure of related matters.
The company will determine as soon as the aforementioned important matters, timely implementation of information disclosure obligations. Please the majority of investors of investment risks.
Notice is hereby given.
Beijing Storm Technology Co., Ltd.
Board of Directors
June 11, 2015
This is a collective psychological breakdown after the rational defense line has been breached, caused by extreme excitement leading to the choking of thought.He goes on to say that at best, Baofeng would rank behind 200 other Chinese Internet companies and yet its market cap exceeds that of Youku (YOKU),
Chinese investors "love" of Baofeng can not be explained by any theory or model.
Reason - if it really exists, in the face of the daily limit up has completely passed out. Sparkling first 35 daily limit, the "suspect" itself becomes meaningless, rational analysis gives way involuntarily coerced type impulse, all reactions are fermented into profit-instinct: Who will be the next Baofeng, and will that company be me?!Lest you think Baofeng is the only example of deranged behavior, there's more, such as Shanghai Duolun (600696) shifting from real estate to P2P lending, having only changed its name and experiencing limit up gains for two straight days. (ZeroHedge covered it in Chinese Stock Bubble Now Plumbing Depths Of Human Stupidity.)
In February 2013, Suning laid out plans to achieve sales growth of both its actual outlets and online store. It has expanded the product lines it carries at its online shop, Suning.com. Thanks to such efforts, its online retail sales soared 43.9% on the year to 21.89 billion yuan in the year through December 2013, which accounts for 20.8% of its total sales of 105.29 billion yuan.It was still struggling at the end of 2014: Mega retailers struggle to survive, but the company made timely investment in October 2014: Suning, Hony to Invest $420 Million in China Video Site PPTV.
However, it turned out that the same-price strategy had serious side effects. With its online store, the company has been able to offer lower prices as the operation demands less labor and other costs. But Suning's physical shops had to bring their store prices down to the same level with the online store, putting a heavy squeeze on its earnings.
Nanjing, China-based Suning will pay $250 million for a 44 percent stake in PPTV, making it the video company’s largest shareholder, according to a statement handed to reporters at a press conference in Shanghai yesterday.Result: the "online video" Suning's (002024) market capitalization exceeded that of the world's largest real estate developer by market cap, Vanke, after shares zoomed from a little over 8 yuan to 20 yuan before pulling back recently.
At least eight companies announced reorganization failures, the market took "advantage of this opportunity", continuous daily limit up.The stock she bought is up over 1000% since it IPO'd in January 2015. What's funny is that in the past few days, the book company has gone vertical too, up 50% in the past couple of weeks. Why did the stock suddenly surge? Well it turns out this company is China's most undervalued Internet company. How'd a book publisher manage that?
"Sina securities" reported an anecdote: A new female investor in the market for less than year, misheard her broker's recommendation for Chinese Universe Publishing & Media (600373) and bought Beijing Chinese All Digital Publishing (300364) instead [中文传媒听成了中文在线], she dumped 300,000 yuan to buy 5000 shares, just two months later she doubled her money.
And more randomly, traditional media or film companies in China are also spending big with Chinese Universe Publishing & Media buying Elex Tech for $434 millionAnother timely investment.
"China Securities News" quoted a senior fund manager, he announced that he had abandoned using his brain, "In the capital market, money is the most intelligent, we respect the market, therefore, it's the 'no brainer buy,' force yourself to buy!"
No one would deny that China's capital market is currently in a parabolic path of irrational exuberance, many people are wondering when the turning point will come, but more people were provoked by this parabola into screaming, ignoring the dangers and investing in this market. This is a crazy scene, unprecedented, never before seen in the world unprecedented - a single day's trading volume of 3 trillion yuan is the equivalent to six times the previous world record.
Chinese video player and online video provider Baofeng was listed on Shenzhen Growth Enterprise Market on March 24th, raising RMB510 million (US$82 million). Baofeng closed up 44% on its debut, increasing the company’s market cap to RMB1.23 billion.At the IPO shares were priced at 21 times trailing earnings. The first day pop took it to 30 times. Not expensive by any stretch. Today, that trailing P/E is over 500.
...Net profit climbed 8.61% year-on-year to RMB41.85 million in 2014. Its clients include big names like Taobao, JD, Baidu, Yum!, amongst others.
