编辑/lambor$DONGFENG GROUP (00489.HK)$ Today, the performance was strong, with the stock price rising unilaterally. In the afternoon, the increase continued to expand, reaching over 13% at one point, and accumulating more than 20% over the past 8 trading days. As of the time of reporting, it has risen by 10.75%, priced at 5.15 HKD, with a trading volume of 0.612 billion HKD.
In terms of news, DONGFENG GROUP previously announced that it received a notification from its controlling shareholder, DONGFENG Company, stating that DONGFENG Company is planning a restructuring with other central state-owned enterprises. China Securities Co.,Ltd. pointed out that the changes in the company’s shareholders, Board of Directors, and executives can be traced back to 2023. With the new leadership team in place, the company's operation is expected to rebound in 2024, and the 'central enterprise restructuring' in 2025 is expected to accelerate the company's transformation, enhancing the quality of operations.
The firm stated that it is Bullish on DONGFENG GROUP under the leadership of the new shareholders, new Board of Directors, and new executives, as it addresses issues like capacity utilization, the proportion of self-owned brands, and profit per vehicle. As of March 17, 2025, the company has only 0.24XPB, and cash and cash equivalents amount to 60.561 billion yuan, showing steady improvement in the context of national state-owned enterprise market cap management.
Editor/lambor
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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