Chapter 1466 [The first batch of reservations was sold out immediately]

As the call auction ended, the SGX market officially opened at 9 o'clock. Xingyu Technology opened higher and moved higher. The increase expanded to 4 percentage points in about ten minutes after the opening. The market value soared to a new historical height of 16.21 trillion. At the same time, it also drove The NSE 50 index expanded to +1.37%, reaching 5792.85 points. Everyone thought it would reach the 5800 point mark this morning.

However, at around 9:12, the trend of Xingyu Technology started to rise and then fell back, and along with it, the market data showed a net outflow of funds.

At around 9:47, Xingyu Technology's gains narrowed to +0.79%, which also brought down the market index. The NSE 50 Index also fell back to around the +0.31% level.

In less than an hour after the market opened, Xingyu Technology's trading volume reached an astonishing 80 billion. Judging from this situation, today is going to set a historical record since the stock was listed.

This trend is different from what most investors expected. Everyone thought that Xingyu Technology might hit the daily limit today and directly increase the market value to over 17 trillion. After all, the release of two new energy sources on the weekend was too shocking. ,

After the product was released, from netizens to car owners and consumers, from the investment community to industry insiders, there was almost a unanimous consensus. They all believed that the launch of these two Xingyu Technology cars would bring about the impact of other new car-making forces, traditional fuel vehicles, and joint ventures. Cars with a price of more than 350,000 will be killed by SCN-3 and SCU-3.

Therefore, the stock price of Xingyu Technology will definitely be reflected. Even if the market value reaches the daily limit of 17.13 trillion today, the price-to-earnings ratio is only 47 times, which is not very expensive. Moreover, current market participants generally expect that Xingyu Technology’s net profit in 2019 is expected to exceed 500 billion, and the price-to-earnings ratio corresponding to a market capitalization of 170,000 can quickly drop to about 34 times by then.

However, the current trend of Xingyu Technology's stock price and market value is in the opposite direction. In fact, it is the result of overheating of the market. Everyone is too consistent, and it weakens because of it.

Overheating or too much consistency is one thing, but the main reason is that Xingyu Technology soared from 12.67 trillion a while ago to 16.21 trillion now, with a net increase of 3.54 trillion in market value, and the cumulative range The increase reached +27.94%. To put it bluntly, it has almost risen ahead of schedule.

The reason for continuous innovation and high growth all the way is the release of new energy vehicles. The previous big rise was based on the expectation of an increase. Now is the time for short-term benefits to be realized. Whether it can continue to rise in the future depends on the sales volume of the two cars and the The final performance.

Both cars are super awesome, and basically no one doubts their market competitiveness, but there is still a problem, and that is the problem of production capacity. No matter how good the product is, it cannot be sold, and the performance growth will definitely be limited.

Qin Feng has said that the biggest problem at present is production capacity.

These reasons are actually secondary. Even if investors are extremely optimistic and are sure that the sales will explode, that the mass production problem will be solved by Xingyu Technology, and that next year’s performance will explode, Xingyu Technology’s stock price today will not It's skyrocketing again, don't even think about the daily limit.

Because it will be managed by the market value of mysterious funds, Fang Hong has no intention of letting Xingyu Technology reach the daily limit, otherwise the index will not be able to hold it down.

If Xingyu Technology now has a daily limit, the NSE 50 index will have a rise of about +6% today, and it may even reach +7%, because then it will not only be Xingyu Technology's daily limit, but also the entire industry chain sector. , new energy sector, Matrix Quantum will also be driven to cause a coordinated rise in the entire market.

In the following period until the "National Day Holiday" for more than half a month, Xingyu Technology not only cannot continue to rise, but also enters an adjustment period during this period.

And it will also drive the NSE 50 Index to adjust downward for a period of time. The increase in the past month has been very large. When it fell all the way to 4875 points before, let Xingyu Technology bring the market up. Now we can also let Xingyu Technology suppresses the index.

It’s nothing more than adding more noodles if there’s too much water, and adding more water if there’s too much noodles.

Fang Hong will not care too much about the daily or weekly trend fluctuations of the NSE 50 Index, and even the monthly trend fluctuations can be ignored.

However, he must strictly control its annual trend and will not allow the annual trend of the New Securities 50 Index to exceed his expected value. This is a major matter related to the competition with the Beijing Magnesium Stock Market for global capital and liquidity. The bottom line is to ensure that it can While significantly outperforming the three major magnesium stock indexes, it is not overly overdrafted. After all, it will not take a day or two to blow up the Beijing Magnesium Stock Market.

In short, we want the NSE 50 Index to rise sharply, but we cannot have a crazy short-term unilateral surge that will not bring back any pressure.

…

Around 11 o'clock.

At this moment, Tian Jiayi, who was in the company, sent Fang Hong a WeChat message: [There is news from Xingyu Technology that the first batch of 80,000 vehicles was sold out as soon as the reservations opened. ]

The first batch of 80,000 vehicle reservations started at around 11 a.m. The first batch of reservation products, N3 pure electric model and gasoline-electric hybrid model, U3 pure electric model and gasoline-electric hybrid model, each have a quota of 20,000 vehicles , a total of 80,000 vehicles.

Current data shows that the shares allocated to major open booking platforms were sold out by customers within minutes after bookings officially opened at 11 o'clock.

When Fang Hong saw the news, he replied: "It seems like it's going to explode. If the production capacity hadn't been able to keep up, if 200,000 units were put in, they might have been wiped out today." ]

After a while, Tian Jiayi sent a message with emotion: [There are still many rich people in China. Cars that cost more than 300,000 or 500,000 yuan are sold out in seconds...]

The reason why Xingyu Technology says these two cars are very cheap is that they can be sold for 800,000 yuan without worrying about market sales. The majority of car owners and consumers also think that it is completely worth the price, so they think it is very cheap.

But in fact, it is not cheap. For example, the SCU-3 oil-electric hybrid model sells for 499,800 yuan, which is 500,000 yuan. This price is not something that everyone can afford. The cheapest sedan-type SCN-3 pure electric car also costs 369,800 yuan, which is 370,000 yuan. Workers with a monthly income of several thousand yuan definitely cannot afford it.

Both of Xingyu Technology's cars are positioned in the middle-income group. The population size of this group accounts for less than 30% in China. More than 70% of Chinese people still cannot afford the relatively cheapest SCN-3 pure electric car, which accounts for more than 1 billion people in the country.

Fang Hong did not intend to let Xingyu Technology also capture the market share of the 1 billion population. This market share was mainly given to BYD and other car companies. Xingyu Technology itself was operating the high-end market peacefully. At that time, it would cooperate with other car companies targeting the mainstream market to provide them with solutions such as intelligent driving systems. Xingyu Technology itself would not directly participate in this market.

But at this moment, Fang Hong immediately replied with a message: [Let several market makers of Xingyu Technology look at the market. During this period before the National Day holiday, the stock price of this stock cannot reach a new high, but should be adjusted. The adjustment range is 10 to 15 percentage points. ]

Tian Jiayi replied: [Yes, OK]

Just after 11 o'clock, about less than ten minutes later, the stock price of Xingyu Technology showed abnormal movement and steadily strengthened, and began to fluctuate upward, which also led to the rise of the New Securities 50 Index.

The reason is that Xingyu Technology officially opened the reservation for 80,000 cars at 11 o'clock, and they were sold out in half a minute. These are not 80,000 mobile phones, but cars worth 300,000 or 500,000 yuan each, and they were sold out in seconds!

The current situation is that everyone has seen the reservation shares allocated to Xingyu Technology's official website mall and other channels, and the page shows that the inventory quantity is zero.

Affected by this, the capital market quickly stimulated Xingyu Technology's stock price to strengthen again.

... (End of this chapter)