Weekly Stock Movements: Mindray Medical Receives Intensive Research, Main Funds Favor Four Major Industries

This week (from March 30 to April 3), A-share index benchmarks generally pulled back. The Shanghai Composite Index fell 0.86% for the week, the Shenzhen Component Index dropped 2.96%, the ChiNext Index declined 4.44%, and the STAR Market Composite Index fell 1.87%. In terms of sectors, this week innovation drugs, pharmaceutical distribution, and optical fiber concept stocks performed strongly.

► Bull and bear stocks: the top performer surged by more than 90% cumulatively; innovation-drug concept stocks led the strength

This week, 11 individual stocks posted gains of 30%. The largest gain was Starbright (Xinghui) Ring Materiel, which rose 90.07% for the week. In addition, Haitai Xinguang recorded a cumulative gain of 75.26% for the week.

On the news front, on the evening of April 3, Starbright Ring Materiel issued an announcement regarding serious abnormal stock trading fluctuations. The company’s main raw material for polystyrene products is styrene, which falls under downstream large-scale chemical products of petroleum refining and chemical processing. If petroleum prices or the supply-demand relationship of styrene changes substantially, causing severe fluctuations in raw material prices, the company may not be able to effectively defuse cost pressure through conventional cost-transfer mechanisms, leading to a decline in gross margin. At the same time, large fluctuations in raw material prices may bring greater management difficulty to areas such as inventory management, production cost control, and pricing mechanisms, thereby creating the risk of volatility in operating performance.

This week, the innovation-drugs sector ranked among the top gainers, with Tianjin Yaoye up 60.97% for the week and Shuanglu Pharmaceutical up 35.85% for the week.

Among the decliners, among the individual stocks that fell cumulatively this week, 494 stocks recorded cumulative declines of more than 10%. Lufang Retreat (rights protection) led with a cumulative one-week decline of 80.21%; Jincheng Power and King’s Food both saw cumulative declines of over 30%.

► Main fund flows: four major industries attract capital; Sunshine Power sold off more than 9 billion yuan

By Shenwan Level-1 industry, this week four sectors—building materials, agriculture, forestry, animal husbandry and fishery, steel, and banking—attracted mainstream fund attention. Among them, building materials saw a net inflow of 885M yuan from main funds.

In terms of net outflows, the three industries of power equipment, electronics, and computers were all sold off by more than 1.33B yuan. Among them, power equipment saw a net outflow of nearly 50 billion yuan.

For individual stocks, this week Pingtan Development, Tongyu Communications, and Changxin Borun received the top net inflows from main funds, at 1.05B yuan, 4.15B yuan, and 1.03 billion yuan respectively. In terms of net outflows, Sunshine Power, Goldwind Technology, and CATL were at the top in main net outflows, at 9.16 billion yuan, 4.01B yuan, and 4.015 billion yuan respectively.

► Institutional research: Midea Medical gets attention from 356 institutions

This week, institutions conducted research on 355 listed companies in total. Among them, Midea Medical received the most attention, with 356 institutions participating in the research. In addition, Biding Beverage received research from 325 institutions, and Jinpank Technology and Lanchip Technology both received research from more than 200 institutions.

By the total number of times researched, Dongfang Tantalum Industry received 10 institutional research visits, Sinotruk received 5, and Junxin Shares and Goldwind Technology each received 4.

From the industry focus of the research, institutions continued to concentrate on sectors such as pharmaceutical and medical care, electronic components, and integrated circuits.

► Institutions’ first-time interest this week in 74 individual stocks

Institutions’ first-time coverage this week was on 74 individual stocks, with target prices assigned to 7 stocks.

- Jiangfeng Electronics received a “Buy/Strong Recommend” rating from Huachuang Securities and was assigned a target price of 220 yuan. The stock’s latest closing price was 149.14 yuan;

- Xinaite received positive views from Soochow Securities and West Securities, with Soochow Securities assigning it a target price of 85.48 yuan;

- Anji Foods, Meidelè, and Rusong Technology were all viewed favorably by two institutional investors

- Included are Kweichow Moutai, Cambricon, Guodian Quantum, Xin Yuan Shares, and more.

A massive amount of information and precise interpretation—everything is in the Sina Finance APP

Responsible editor: Liu Wanli SF014