overview
secondary title
overview
This week, the stock prices of the blockchain concept did not perform well. A-shares and Hong Kong stocks still fell along with the broader market. US stocks were affected, but the rise and fall were more balanced.
There are also dark horses in the general down market. Xinchen Technology (300542.SZ) had its daily limit three times this week, and the increase once exceeded 26% within the week. But as the price of bitcoin fell from a high of $8,200 to around $7,300, Xinchen Technology's stock price has stabilized near its opening price on Monday.
LongHash released an analysis article stating that comparing the CMC Bitcoin price data in 2019 with the Shanghai Composite Index, it was found that the Shanghai Composite Index and Bitcoin price trends are moderately correlated. According to Odaily’s conservative estimates, the trend of blockchain concept stocks and Bitcoin prices The movements are also moderately correlated (Pearson correlation coefficient between 0.3 and 0.8).
For more details, please read below.
secondary title
A shares/GEM
According to the data of Tencent's self-selected stocks, when the market opened on May 13, the Shanghai Composite Index reported 2905.7 points, the Shenzhen Component Index reported 9112.52 points, the GEM reported 1513.96 points, and the blockchain sector reported 2776.87 points.
Within a week, the Shanghai Composite Index fell by 0.8%, the Shenzhen Component Index fell by 1.23%, the Growth Enterprise Market fell by 2.32%, and the blockchain sector fell by 1.87%.
According to Tencent Securities data, among the 100 blockchain concept stocks, 25 rose, 84 fell, and 1 was flat. Among them, Maoshuo Power (stock code: 002660.SZ) had the largest increase of 12.36%, *ST Oupu (002711.SZ) dropped the most, at 24.83%.
Zixin Pharmaceutical's net profit cut in half was "questioned" again, and it once touched hot spots such as industrial hemp and blockchain
Zixin Pharmaceutical (002118.SZ) was once again questioned due to the mismatch between net profit and cash flow in 2018. Regarding such related situations, "Investor Network" contacted Zixin Pharmaceutical, but the company did not give any reply in the end. According to the 2018 annual report data, its revenue fell slightly but its net profit plummeted, which caused many investors to question. The company said that it was due to the expansion of the company's operating scale. It is worth noting that Zixin Pharmaceuticals is keen on hype. It is not once or twice that the layout of related businesses has no actual benefits in the future. From the initial concept of ginseng to the concept of genetic testing in 2013, to last year’s block chain. (Investor Network)
The annual report of Yijian Co., Ltd. mentioned the blockchain 53 times but said that it "has not significantly affected the performance"
In the annual report just released recently, Yijian (600093.SH) mentioned the blockchain 53 times. It is easy to see that the stock is so fond of the blockchain, and the stock price also fluctuates with the concept of the blockchain. In early April, the Ministry of Industry and Information Technology announced the first batch of blockchain filing projects. Affected by this good news, Yijian shares had a daily limit for 3 consecutive days, and the stock price rose by more than 50% in 5 days. However, although Yijian Stock is vigorously developing the blockchain, it said in response to inquiries from the exchange that the blockchain did not have a significant impact on performance and reminded investors to pay attention to risks. (Securities Daily)
The share price of Xinchen Technology, a blockchain concept stock, has risen by more than 30%. The company responded that there is no abnormality
On May 10, the A-share listed company Xinchen Technology Co., Ltd. (300542.SZ) announced that the stock trading price within three consecutive trading days (May 7, 2019, May 8, 2019, May 2019) On September 9), the cumulative deviation of the daily closing price increase exceeded 20%. After relevant verification, the company did not find any undisclosed material information, abnormal stock transactions of the actual controller, or changes in the internal and external business environment. According to statistics, the stock price of Xinchen Technology has fluctuated violently in recent days. First, the stock price rose by 10.03% on May 7, closing at 11.81 yuan that day. There were different gains in the next few days. As of May 13, Xinchen Technology's cumulative increase (May 7-May 13) has reached 34.94%. Among them, the share price of the stock today is 15.02 yuan, an increase of 10.04%. After May 7, it has reached the daily limit again. (Financial Network)
Maida Digital: The project initiated by Fushu Technology, which the company holds shares in, involves blockchain technology
On May 15, Maida Digital (002137.SZ) answered investors’ questions on the interactive platform, saying that the digital chain open source project initiated and participated in the implementation of Fushu Technology, which the company participated in, involves data encryption technology and blockchain. technology. (Shanghai Securities News)
Huayang Lianzhong: will strengthen the research and development of blockchain and other related tools
On May 14, Huayang Lianzhong (SH:603825) released the meeting documents for the 2018 annual general meeting of shareholders. The document pointed out that the company will adjust the talent structure and knowledge reserve direction of the technical team, and strengthen the research and technology development of tools related to artificial intelligence and blockchain technology. (China Finance Network)
secondary title
Hong Kong stocks
Within a week, Hong Kong concept stock companies maintained an upward trend as a whole, among which Linekong Interactive (08267.HK) rose 14%, Meitu (01357.HK) rose 6.25%, Panda Green Energy (00686.HK) rose 4.76%, Tong Chengcheng Holdings (01611.HK) rose 3.59%, Paineng Group (01263.HK) rose 2.59%, Xiongan Technology (01647.HK) rose 1.81%, and Kingsoft (03888.HK) rose 1.34%.
The decliners include: Sino-Singapore Holdings (08207.HK) fell 34%, Huicong Group (02280.HK) fell 7.4%, China Micro Technology (02239.HK) fell 6.54%, Yuxing Technology (08005.HK) fell 6% ; Zhongan Online (06060.HK) fell 5.1%, and China South City (01668.HK) fell 0.89%.
secondary title
The exercise price of share options granted was HK$1.17 per share. The closing price of the shares on the grant date was HK$1.17. A total of 35.5 million share options have been granted. Validity period of the granted share options: four years from the date of grant.
US stocks
secondary title
US stocks
This week, the Dow Jones index opened at 25568.06 and closed at 25764, an increase of 0.76%; Nasdaq opened at 7720.07 and closed at 7816.28, an increase of 1.24%; the S&P 500 opened at 2840.19 and closed at 2859.53.88, an increase of 0.68%.
The blockchain-related companies in Chinese concept stocks showed a downward trend as a whole, and the blockchain concept stocks in the US stocks rose and fell flat.
In terms of US stock blockchain concept stocks, the order of growth is: Accenture (NYSE: ACN) (+4%), Square (NYSE: SQ) (+2.2%), Kodak (NYSE: KODK) (+0.83).
Declining order: Overstock.com (NSDAQ: OSTK) (-21.23%), Riot Blockchain (NSDAQ: RIOT) (-8.5%), Marathon Patent (NSDAQ: MARA) (-5.14%).
Overstock CEO: Selling company stock because it needs money to invest in blockchain projects
Overstock (NSDAQ: OSTK ) shares have come under significant downward pressure, falling around 16% earlier this week after CEO and crypto enthusiast Patrick Byrne revealed he had sold 900,000 Overstock shares. In response, Byrne explained in an open letter that he is investing in blockchain projects with Overstock and needs funds to fulfill commitments, including philanthropy. Byrne said he needed money to supplement his annual salary of just $100,000 and invest in several blockchain projects. (CCN)
Nvidia's revenue fell 31% in the first quarter, and rose more than 6% after the market
After the market close on the 16th Eastern Time, Nvidia (NVDA.US) announced its financial report for the first fiscal quarter of fiscal 2020 as of April 28, 2019 in the Gregorian calendar. The Q1 financial report showed that the profit per share was 88 cents and the revenue was 2.22 billion US dollars, both of which were higher than analysts' expectations. However, due to the impact of inventory, Nvidia’s revenue has declined for two consecutive quarters, and its revenue fell by 31% in the first quarter. However, analysts believe that this will be the last quarter in which Nvidia's revenue "slumps" because "this is the end of last year's exponential growth cycle of mining orders." Nvidia closed up 0.38% this Thursday. After the after-hours financial report was released, the stock price rose rapidly, and the after-hours increase once exceeded 6%. (First Finance and Economics)
On May 13, Xunlei (NASDAQ: XNET) announced its unaudited financial report for the first quarter of 2019. The financial report shows that Xunlei’s revenue this quarter was US$41.3 million (about 280 million yuan), a slight decrease of 2.3% from the previous quarter. In terms of blockchain business applications, Xunlei has reached a cooperation with the China Copyright Protection Center. In addition, ThunderChain also won the bid for the blockchain project of Guangdong Southern New Media Co., Ltd. (300770.sz). In terms of technology, Xunlei disclosed a number of upgrades in the underlying technology of the ThunderChain this quarter, including being the first to support EVM and WASM dual virtual machine models, helping developers and entrepreneurs create practical applications that can be implemented on a large scale.
Character·Voice
Character·Voice
Analysis: Jack Dorsey's Payments Firm Square Is Crucial to the Crypto Industry
According to LongHash, there is increasing evidence that Square (NYSE: SQ), the payment company founded by Twitter co-founder Jack Dorsey, is crucial to the cryptocurrency industry. The main reasons are as follows: 1. Bitcoin sales surged. Square recently announced its unaudited first-quarter earnings. Bitcoin revenue was $65.5 million, Bitcoin cost was $64.7 million, and profit was about $832,000. Square's impact on the cryptocurrency spot market should not be underestimated and will continue to be a huge driver of Bitcoin price gains. 2. A medium for mass encryption adoption. Square could push Bitcoin into the mainstream. 3. Dorsey's enthusiasm for cryptocurrencies may serve Square well in the years to come.
Analysis: The Shanghai Composite Index and Bitcoin price trends are moderately correlated, and the Shanghai Composite Index trend has a lead of about a week
News LongHash released an analysis article saying that comparing the CMC Bitcoin price data in 2019 with the Shanghai Composite Index, it can be found that their trends show similarities, and further calculating the correlation, the Pearson correlation coefficient is 0.66. In the correlation division, a correlation coefficient higher than 0.8 is highly correlated or strongly correlated, and a correlation coefficient lower than 0.3 is lowly correlated or weakly correlated. Therefore, the Shanghai Composite Index and the Bitcoin price trend are moderately correlated, indicating that there is a certain correlation between the A-share market trend and the digital currency market trend. Further observations show that the trend of the Shanghai Composite Index is about a week ahead of the trend of Bitcoin. If the Shanghai Composite Index starts to plummet, then this signal may also spread to the digital currency market in about a week. Another interesting conclusion is that after a translation window of about 3 weeks, the correlation between the two suddenly dropped, which tells investors that if they want to refer to the Shanghai Composite Index trend to predict the future trend of Bitcoin prices, the correlation reference range should not exceed 21 days. (LongHash)
secondary title
Guosheng Securities analyst Song Jiaji: The rise of blockchain concept stocks is not necessarily caused by the concept of blockchain
