Evergreen’s capital reduction/Evergreen’s first day of resumption of trading fell nearly 5%, and the capital reduction market failed

Evergreen (2603) fell short of the 180-yuan mark on the first day of its resumption of trading. Not only did it fail to spray, but it also fell by 4.8% and 9 yuan to a minimum of 178 yuan. ) fell more than 4% in a row, and shipping became the weakest stock on the disk.

Evergreen traded on the first day after the capital reduction this morning. The reference price was 187 yuan. It gapped and fell 3% at the opening. The decline expanded in 10 minutes. Level defense battle. At the same time, it also dragged down peers Yang Ming (2609) and Wan Hai (2615) down more than 4%, becoming the weakest stocks in the market this morning.

In the morning, netizens were also very upset about Evergreen’s performance after “exiting customs”. “Big brother’s style is gone”, “Shipwreck”, “The sailors are too miserable”, “Save Arong Gulugulu”, “Participating in Arong’s capital reduction really loses money”… But there are also strong supporters of Evergreen’s netizens who confidently shout ” A-Rong wakes me up”, “It’s still early, the water is deep and it’s fine.”

Evergreen’s shareholders meeting this year passed a 60% capital reduction, returning 6 yuan in cash per share. Before the capital reduction, the stock price closed at 80.8 yuan on September 6.

Evergreen originally said that it was “slim down” in order to meet the boom. Before the capital reduction, the paid-in capital was 52.911 billion yuan, and the net value per share was 82.54 yuan. No change, so the opening reference price this morning was raised to 187 yuan.

Previously, a legal person report estimated that after the capital reduction of Evergreen, the EPS was 164.16 yuan and 52.04 yuan respectively this year and next year, according to the net value per share of about 266 yuan and 253 yuan, and the target price was 177 yuan. In addition, there is a clear gap between the target price reported by foreign companies and domestic legal entities. JPMorgan Chase Securities is looking at 520 yuan, while financial investment advisors are looking at it as low as 160 yuan.

At the same time, before the market opens, although the market believes that Evergreen’s share price-to-book value ratio has reached a historical low, it will become a strong support for the stock price. Secondly, during the suspension of Evergreen, Yang Ming and Wan Hai, which are also one of the three container giants, rose 4-5% against the trend, which is beneficial to the performance of the capital reduction market this morning. But at the same time, there is also news of economic headwinds. Mainland China will have a long holiday on the 11th, and shipments will be significantly reduced. The latest Shanghai export container freight index fell 9.7% this week. In addition, the US Federal Reserve will raise interest rates in September. This morning The stock price was weaker than expected.

Further reading

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  • Yahoo Finance correspondent Ye Yiru: 22 years of experience in mainstream financial media, from the bubble of Web 1.0 in 2000 to Web 3.0 of Meta, witnessing the rise and fall of large and small enterprise groups in Taiwan, and going through 5 international financial crises. I think that finance is life, and it is everywhere. No matter how difficult it is, financial knowledge should be said plainly. Whether you are old or young, you should manage your money. If you don’t manage your money, your money will ignore you.

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