As the largest "dormant volcano" in China, Changbai Mountain finally ushered in an "eruption" that made 20,437 shareholders smile in the New Year.
On January 10, Changbai Mountain (603099) ended with 29The price limit of 18 yuan opened, and the price limit was immediately closed after a short period of frying. However, at 10:07, as the selling pressure sprung up on a large scale again, the stock blew up for the second time and fell to 2673 yuan, an increase of less than 1%. After 11 o'clock, the buying order was again powerful, and after the third increase in the limit at 13:04, the board was not opened. In the end, Changbaishan closed at 2918 yuan, the daily limit is 19,199 hands.
Since the beginning of 2024, the stock price of Changbai Mountain has not been as "icy and snowy" as the local weather, but has staged a "volcanic eruption" spectacle, pulling out 7 daily limits in a row, 29The price of 18 yuan has hit a new high since the "dormant" on June 15, 2015, and it is also the largest increase in the main board of Shanghai and Shenzhen in the same period. With the soaring stock price, the number of transactions and the transaction value of Changbai Mountain were as high as 51250,000 lots, 14600 million yuan, both breaking the highest record since its listing. And even in the case of speculation, the dynamic price-earnings ratio of Changbai Mountain is still only 385 times.
Under the leadership of Changbai Mountain's 7 consecutive boards, the concept of large consumption in the A** field has recently shown the characteristics of "anti-fall and leading the rise". On Wednesday, food and beverage, hotel catering, wine, new retail, and commercial chains rose by 207%-0.45%. However, the tourism sector has ** 141%, a bit of a surprise.
Now is a good opportunity to abandon the high and go low. Niu Yang, general manager of Hualong ** People's Avenue, told upstream news reporters that the main reason for the soaring stock price of Changbai Mountain is that the upsurge of ice and snow tourism in Northeast China has been set off at the end of the year and the beginning of the year. However, at the time of the stock's stock price blowout, investors can also get inspiration from it, that is, with the economic recovery, the consumer sector represented by tourism, even if the short-term adjustment pressure increases, will not change the general trend of bullishness in the medium and long term. Compared with high-end consumption such as liquor, the opportunities for mid-range and mid-to-high-end consumption are expected to further increase.
The views in the article are for reference only and do not constitute investment advice
Upstream news reporter Wang Ye.