101October 3 1, Longhu is bearish. Many debts are on the verge of suspension, and the share price has experienced a 44% decline.
Investors naturally deeply bind the names of Longhu and its founder Wu Yajun. It is not difficult to understand that the founder retired behind the scenes, causing concern and speculation.
Wu Yajun also expressed his consistent view on the company and the capital market at the investor conference on October 30th, 65438: "The company is like a cup, and the capital market is the shadow cast on the wall through light, so it is normal for the capital market to fluctuate. More importantly, whether the enterprise itself is good or not is doing the right thing. "
In addition to the speeches made at the investors' meeting, Longhu released a positive signal with practical actions such as large repayment of loans and support from major shareholders.
Similarly,1October 3 1 65438, Longhu issued a voluntary announcement at noon and evening to repay the loan of HK$ 501billion (about RMB 4.710.40 billion). The major shareholder increased its holding of 3 million shares at HK$ 953 per share and bought the senior notes of Longhu for US$ 5 million.
Many rating agencies still give good ratings. Citigroup said on the same day that the resignation of the chairman represented the "transformation to professional management" of Longhu Group, indicating that the developer "has made institutionalized efforts since listing".
Analysts such as Citigroup)Griffin Chan said in the report that investors' worries about the liquidity of Longhu "seem overdone" considering its good pace of land purchase, growth rate of total sales in the third quarter and strong balance sheet.
Stocks and debts will fluctuate one day.
101October 3 1 day, many bonds in Longhu were temporarily suspended, and their share prices also experienced the biggest one-day decline in history.
As of today's close, "18 longhu06", "2 1 longhu0/","20 longhu05" and "G 17 longhu3" all fell by more than 20%, and trading was suspended in intraday trading, "g1"
In terms of stock price, Longhu opened today 1 1. 16, low price? HK$ 7.26, with the biggest drop of 44.2 1%, the biggest drop in a single day in history. At the close, the stock price was adjusted back to HK$ 65,438+00.00, and the decline narrowed to 23.78%, and the turnover rate reached a rare 3.39%.
Investors who interpret the ups and downs are divided into two groups. A group of investors are worried that the withdrawal of boss Wu Yajun will affect the operation of the company, which is a risky asset and will be handled by the new president Xu Ping.
The other school thinks that today's decline is the biggest, which is a good time to bargain-hunting. Longhu's assets are safe and have passed the most dangerous time. No matter in terms of land acquisition or capital, Wu Yajun chose an opportunity to quit.
Both seem to naturally bind the names Dragon Tiger and Wu Yajun together deeply. From the first floor of Longhu, Longhu Nanyuan, to the IPO in Hong Kong in 2009, Wu Yajun, who never accepted the signature interview, became the richest woman, and both Longhu and Wu Yajun left a deep impression on the market. It is not difficult to understand the worries and speculations caused by Wu Yajun's retreat from the background.
The fluctuation of the capital market is also expected by Longhu. 10 at the investor meeting on the evening of June 30th, more details were released about Wu Yajun's withdrawal and the situation faced by the new chairman and president Chen after he took office.
Wu Yajun also expressed his consistent views on the company and the capital market at the investors' meeting: "The company is like a cup, and the capital market is a shadow cast on the wall through the light, so it is normal for the capital market to fluctuate. More importantly, whether the enterprise itself is good or not is doing the right thing. "
"I have great confidence in the team in Longhu. What they do is to think for a long time, not to be busy thinking. "
Secondly, it is clear that she will appear as a strategic consultant of the company in the future. "I might look at two questions. First of all, I will look at where the company does business, whose business it does, why it makes money, whether this business model works and whether the model is correct. I may make some suggestions. "
"Second, I am also a major shareholder of the company, so I still pay attention to the company's business development, especially how the company adapts to the market to seek new profit growth points and how to avoid risks."
Positive signals at noon and at night
In addition to the speeches made at the investors' meeting, Longhu released a positive signal with practical actions such as large repayment of loans and support from major shareholders.
At noon today (65438+1October 3 1), Longhu Group issued the Voluntary Announcement on Early Repayment of Some Syndicated Loans and Shareholding by Controlling Shareholders. According to the announcement, Longhu Group repaid some syndicated loans due in 2023 in advance of HK$ 565.438 billion (about RMB 476.5438 billion) on the day of the announcement.
Charmtalent International Limited, the controlling shareholder, increased its holding of 3 million shares in the open market, with an average price of about HK$ 9.53 per share. According to the announcement, the controlling shareholder is firmly optimistic about the development prospects of the company and the industry, and will continue to increase its holdings of shares and bonds at an appropriate time in the future.
In the evening, Longhu issued a voluntary announcement again. On June 365438+1October 3 1 day, 2022, the charismatic talents of the controlling shareholder bought the $250 million senior notes due in 2027 issued by Longhu Group with a principal of $5 million. According to the previous announcement of Longhu Group, attractive talents are controlled by Wu Yajun's daughter Cai Xinyi (wholly as the trustee of XTH Trust, namely Wu Family Trust), which is equivalent to 43.4 1% of Longhu's current share capital.
These actions also show two positive signals: First, Longhu is safe in capital and operation; Second, Wu, as the major shareholder of Longhu, will continue to pay attention to and support the development of the company with practical actions, instead of letting himself go.
Major rating agencies have recently updated their ratings on Longhu and continue to maintain a positive attitude. 101October 2 1 day, Standard & Poor's updated the rating of Longhu Group in official website, maintaining the rating of "BBB" of Longhu Group, with a stable outlook. At the end of September, Moody's released a report, which also maintained the issuer and senior unsecured rating of Longhu Group as "Baa2", with a stable outlook.
On June 3, 1,1,Citigroup said that the resignation of the chairman represented the "transformation to professional management" of Longhu Group, indicating the "institutionalized efforts since listing" of the developer.
According to new media reports, analysts such as Citigroup)Griffin Chan said in the report that investors' concerns about its liquidity "seem overdone" considering the good pace of land purchase, the growth rate of total sales in the third quarter and the strong balance sheet; Although the environment is full of challenges, developers still get the support of banks. Citigroup maintains its Buy rating with a target price of HK$ 50.65438 +0.
In addition, Morgan Stanley published a report saying that the resignation of the chairman of Longhu was unexpected. However, at the investors' meeting, Wu Yajun emphasized that this management change has been planned for some time, and pointed out that the independent professional managers of Longhu have been operating well for many years, and the company's shareholding structure has not changed. The bank maintained its overweight rating on Longhu.