Chapter 641 [The market does not buy it, the stock king crashes]
The next day, Friday March 15th.
Lu Ming came to the company this morning and presided over a temporary meeting of the board of directors. This meeting was held to get some money to spend for the Science and Livelihood Fund next door. This year's budget will be increased to 300 billion in expenditures, which means that there will be
The gap of nearly 70 billion needs to be filled.
Tiansheng Capital has not paid dividends this year, and most of the money in Lu Ming's personal name has been transferred to the foundation. 99% of his current worth is reflected in the market value of Tiansheng Capital's stocks.
It is possible to front-load cash flow through equity pledge, but Lu Ming has no use unless it is impossible to raise money.
What to do with the money?
The answer is simple, let Tiansheng Capital donate, so the board of directors passed a resolution this morning, proposing that the company donate 70 billion to the Science and People's Livelihood Foundation.
It is foreseeable that the shareholders of Tiansheng Capital will definitely not be happy and will oppose it.
However, opposition was useless. Lu Ming controlled more than half of the seats on Tiansheng Capital's board of directors, so he had absolute control over the company. This proposal was passed without any suspense.
The news was disclosed to the public less than half an hour after the meeting ended. When the news was disclosed, the time was 11:22, and the morning session ended in three minutes.
Affected by this news, Tiansheng Holdings' stock price, which originally opened high, plunged and fell directly below today's high opening price before the end of morning trading, with no intention of stopping the decline.
The capital market obviously didn't buy it. Shareholders were very angry at Lu Ming's decision. Since they couldn't stop it, they sold their stocks.
…
During the lunch break, this news also triggered discussions in the capital market. News about Tiansheng Capital has always been one of the most concerning points in the capital market at the moment.
Because the weight of the stock king is too large, the impact on the market is extremely obvious. Just ten minutes before the end of the morning trading, the Shanghai Stock Exchange Index once rose to +1.91%. But just when the stock king turned around and dived, the market index also rose.
He didn’t go and even fell back.
During the market break at noon, some people began to bet on the short stock king. The reason was the news of a donation of 70 billion disclosed not long ago.
"Tiansheng's latest board of directors resolution is to donate an astronomical figure of 70 billion to the Science and People's Livelihood Fund. This is a good thing for society. As a citizen, of course I strongly support and like it. Brother Yi obviously also has a sense of social responsibility.
Entrepreneur, but as a shareholder of Tiansheng, this is unacceptable, so from today on, I am short-term."
"Listening to your words is as good as listening to your words."
"It's as if you are a shareholder of Tiansheng."
"It's a typical nonsense. You've talked about both sides. If you can talk, just talk more. You're very smart."
"Hahaha~"
"Haha, from the perspective of shareholders, this resolution of Tiansheng Capital has undoubtedly harmed the interests of shareholders. It doesn't matter if you donate 700 million, but you will do 70 billion as soon as you come up. Aren't you kidding? The most important thing is
, after this incident, the capital market will definitely realize that Lu Ming absolutely controls Tiansheng, you can't stop it at all, who knows how much more he will donate in the future?"
"You, the first brother, have received numerous praises for your good deeds, but the damage is to my interests as a shareholder of Tiansheng. No one cares about shareholders, or in other words, capital does not care about social responsibility, what matters is profits. The capital market will not accept your trick, you take it
I will mess around with my profits, and I may let myself go further in the future. If I can't stop you, then I will definitely cash out and leave the market."
"Capital is indeed selfish, and that's right. Otherwise, how would it be called capital? Of course, Brother Yi is definitely a countercurrent among capital."
"I think everyone else has become a slave to capital, and only Brother Yi really controls capital."
"The word 'it' is used wonderfully."
…
Opening on time in the afternoon at 13:00.
Tiansheng Holdings directly accelerated its dive and turned green, and it continued to dip further. Within 20 minutes, the decline expanded to -7.52%, and it emerged from the big yin K pattern of one yin swallowing three yang. The positive body emerged in the previous three trading days.
Almost all were swallowed up.
However, it has shrunk and fallen, and the main force behind the market crash is northbound funds.
This is what foreign investors are most afraid of. In fact, the entire market is worried about whether Tiansheng Capital's high profits can be maintained. If Lu Ming "fiddles" with the interests of shareholders like this, profits will definitely be greatly reduced.
Lu Ming's big hand made the decision and dumped 70 billion yuan. Based on last year's net profit, this amount of money was equivalent to one-tenth of Tiansheng Capital's net profit.
And the biggest expectation is that we don’t know whether Lu Ming will continue to act like this in the future. This is what the market is generally most worried about. Once high profits cannot be maintained, what will be used to support the market value of several trillions? Tiansheng Capital’s stock price is bound to suffer
It will be revalued, and it is inevitable to usher in a valuation decline.
Responsibility? Capital said it has nothing to do with me.
Following the flash crash of Tiansheng Holdings, the Shanghai Stock Exchange Index was also dragged down, and it fluctuated downwards at the opening of the afternoon.
At around 13:55, the Shanghai Stock Index's increase narrowed to 0.27%, which had already fallen below today's opening price, and there was no sign of stabilization. The K-line pattern had closed negative, and now it was a false negative K, but as long as it fell below
The zero axis is underwater, which is the true Yin K.
As for the securities sector, the stock king suddenly collapsed, and the entire brokerage sector was lying on the ground unable to move at all.
At the same time, Lu Ming was also paying attention to today's market trend. Seeing that the market was going like this, it couldn't be done. If we didn't protect the market, the Shanghai Stock Exchange Index would flood. Then a call came to Lou Yiyun.
…
At 14:07, the Science and People's Livelihood Fund also disclosed the latest blockbuster news. The foundation's board of directors held a meeting yesterday and passed a resolution to increase the annual budget expenditure to 300 billion yuan.
It also disclosed in the announcement that the foundation plans to build 500 new tertiary-level hospitals in the central and central and western regions of the country in the next ten years.
In less than a minute, information from major market software will be pushed to the alert bar.
In response, the medical device sector rose sharply, and individual stocks moved collectively. Eastfulon, Jiuqiang Biotech, Guanhao Biotech, Yuyue Medical, Lepu Medical, Jiu'an Medical and other stocks all rose by the limit. The stocks in the entire medical device sector were all red, and the sector's growth rate also increased.
It quickly expanded to +3.57% and continues to rise.
The pharmaceutical sector also moved accordingly. After the market collapsed due to the brokerage sector, the market suddenly took drugs to withstand the downward pressure, and the market stopped falling just when it was about to turn green.
Funds poured into the medical and pharmaceutical sectors on a large scale, and a piece of news became a hot topic in the afternoon. The Science and People's Livelihood Foundation wants to build 500 tertiary-level hospitals. How much purchasing volume will be required? This news is very important to the medical industry.
The sudden good news is an incredible increase in expectations and a solid performance forecast.
The most important thing is that you can tell stories.
While conceptual sectors such as medical equipment and biomedicine led the gains in both markets in the afternoon, construction machinery, real estate, and home appliance sectors also all moved higher.
The reason given by the market for the rise in these sectors is that the Science and Livelihood Fund is planning to build 500 tertiary-level hospitals. When the news was disclosed, it was talking about new construction rather than mergers and acquisitions, so new land and construction machinery must be reallocated to improve performance.
!
A tertiary-level hospital, such an important urban public infrastructure, will be completed in a new area, and new commercial land development will definitely occur in the surrounding area. Simply put, the houses near the hospital are valuable, and the real estate sector is rising!
The house has been built, and it needs to be equipped with refrigerators, air conditioners, etc. The home appliance sector is going up!
When the expectation appears, it rises and that’s it!
In the last hour of midday trading, concept sectors such as smart homes, building energy conservation, pension concepts, and land transfers all moved upward, leading the market to fluctuate upward. The Shanghai Stock Index rose again to more than 1 percentage point, after the stock market crashed due to a flash crash.
The collapsed index is also continuing to recover.
At the magical 2:30 in the last session, there was no diving on the market, and the index was considered stable.
Lu Ming's influence on the entire market trend this time was not driven by funds, but by emergencies on the news. It only takes one piece of news to change the intraday trend. It's that simple. It's just a matter of guiding the market direction.
It’s about the news.
…
(Ps: Happy Year of the Tiger, I wish you all a tiger god to open the way wherever you go!)
