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    Home > Chemicals Industry > China Chemical > *ST Salt Lake returns strongly, "the daily limit is blown" one minute after the opening of the market

    *ST Salt Lake returns strongly, "the daily limit is blown" one minute after the opening of the market

    • Last Update: 2021-08-14
    • Source: Internet
    • Author: User
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    On the evening of August 9, *ST Salt Lake announced that the company's stock will resume listing on August 10, 2021, and the stock is referred to as "Salt Lake Shares"
    .

    The announcement showed that the previous closing price of *ST Salt Lake's stock on the first day of listing was the closing price of the company's stock the day before the suspension, which was 8.
    84 yuan per share
    .


    The price increase and decrease limit will not be implemented on the first day of resumption of listing, and the daily increase and decrease limit will be 10% from the next trading day


    On August 10, the "King of Potash" Salt Lake Co.
    , Ltd.
    (000792.
    SZ) resumed its listing and returned to A shares.
    It opened at 39.
    22 yuan.
    Only one minute after the opening, the stock rose by 388.
    12% to 43.
    15 yuan, triggering the suspension mechanism
    .

    After the resumption of trading, the growth rate of Salt Lake shares declined.
    As of the lunch break, the share price was 37.
    15 yuan, an increase of 320%, an amplitude of 82.
    58%, and a turnover of 20.
    19 billion yuan.
    The current total market value is 20.
    8 billion yuan, and the market value is half a trading day.
    Soaring 153.
    8 billion yuan
    .

    From the perspective of institutional forecasts, the salt lake shares are extremely optimistic.
    On the one hand, potash fertilizer is the main source of revenue for the salt lake shares and provides the company with a stable cash flow.
    On the other hand, the new energy industry is booming.
    An important raw material for new energy batteries, the current production capacity is in a climbing stage
    .

    Galaxy Securities believes that in terms of 2021 performance, the company's valuation is about 114.
    5 billion yuan; considering the growth potential of the company's lithium carbonate business, combined with the prosperity of each business, it believes that the company's valuation should be in the range of 130-200 billion yuan
    .


    The growth rate of CICC and CITIC Securities is not much different from the valuation forecast.


    It is reported that from 2017 to 2019, Salt Lake shares continued to lose money, and the loss in 2019 was as high as 45.
    86 billion yuan
    .


    Later, after bankruptcy and reorganization, Salt Lake shares divested its loss-making assets and achieved profitability in 2020, and successfully resumed its listing today


    Salt Lake Co.


    In terms of lithium salt, the subsidiary Lanke Lithium has a production capacity of 10,000 tons/year of lithium carbonate.


    In addition, in 2020, Salt Lake Co.




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