On December 25, the convertible bond market will usher in the convertible bond issued by Huakang Co., Ltd. (605077) - Huakang convertible bond. It has a release size of 130.3 billion yuan, the scale is large. The bond is rated AA-, which is a higher rating.
The current underlying stock price of Huakang convertible bonds is 2302 yuan, the conversion price is 2266 yuan, the value of the transfer of shares is 10159, the conversion value is higher. Referring to the conversion premium rate of listed convertible bonds of similar business and the current conversion value of Huakang convertible bonds, it is estimated that the income from each new bond is more than 200 yuan, and a platinum-level meat pick!
There is still one last week left in 2023, and for shareholders, they can finally breathe a sigh of relief. According to the issuance arrangement, in the last week, only one new stock was issued and subscribed in Shanghai and Shenzhen, and even if it included new shares on the Beijing Stock Exchange, there were only two. There are only two new markets for convertible bonds, and the market has a little "recuperation" as the year is approaching.
The main business of Huakang Co., Ltd. is engaged in the research and development, production and sales of various functional sugar alcohols and starch sugar products such as xylitol, sorbitol, maltitol, fructose syrup, etc.
In terms of fundamentals, Huakang shares achieved operating income of 20 in the first three quarters of this year4.2 billion yuan, a year-on-year increase of 2856%；Net profit attributable to the parent company was 27.5 billion yuan, a year-on-year increase of 791%。Continued solid performance.
The current total market capitalization of Huakang shares is 540.1 billion yuan, with a dynamic P/E ratio of 1474 times, with a price-to-book ratio of 188 times.
Such a new convertible bond with good performance and attractive valuation will naturally not be missed by new investors. However, the number of online investors participating in the lottery will naturally decrease. In the case that the original shareholders who hold Huakang shares can be preferentially allocated, the probability of online investors winning the lottery is further reduced.
For every share of Huakang shares held, 55,540 yuan Huakang convertible bonds, placing 10 is equivalent to 181 shares required for us to play a new "one sign", which is equivalent to about 4,166 yuan. Judging from the daily chart of Huakang shares, there should be many shareholders who took a fancy to its high premium at the beginning of the listing and participated in the rights grabbing placement. Otherwise, the stock price trend of Huakang shares should be like most of the ** in the same period, and it will be planted headlong.
Today, the share price of Huakang shares is trading sideways at a relatively low level**, and the value of Huakang's convertible bonds has been as high as more than 100 yuan. If the underlying stock follows ***, the new income of the shareholders who won the Huakang convertible bond will also rise.
So will the follow-up**will**This question is "the benevolent see the benevolent and the wise see the wise", but judging from the situation that ** is at a low level today, it should be a high probability event.
Judging from historical data and current market conditions, when ** is at a low level, it often means that investment opportunities are emerging. At this time, many high-quality ones are undervalued, and investors can obtain future gains through these. Moreover, with the gradual recovery of the economy and the improvement of corporate earnings, the confidence of the market will gradually recover, which will also help to drive the ** ...
Looking squarely now, when the market has a large **, investors tend to fall into panic and sell their ** in order to reduce losses. This panic sell-off often leads to further stock prices, forming a vicious circle. Therefore, it gives many shareholders the feeling that it is "bottomless".
However, the market can't go down all the time. When the market bottoms, these investors will not hesitate to chase the rally and quickly make up for their previous losses. This craze for chasing the bulls is often driven by greed, who want to reap big rewards in a short period of time. As a result, the shareholders who chase the rise and kill the fall eventually become the "meat in the bowl" of the shareholders who are not affected by short-term fluctuations!
Risk Warning: The views expressed in this article are for communication purposes only and do not constitute your investment advice. Investment is risky, and you need to be cautious when entering the market!Thank you for your likes, ** and collections, I wish you a long rainbow!