Following the successful launch of Virgin Galactic (US stock code: SPCE) on the 11th of this month, the Blue Origin founded by Amazon founder Jeff Bezos also successfully launched last Tuesday (20th). The two companies have successively launched Test flight has become a hot topic in the near future.
This "space fever" also spread to Hong Kong stocks, referring to Hong Kong Aerospace Technology (1725), which just changed hands in April this year. Due to the concept of "space space", the company's share price once dropped from 2 yuan in just three months. "Lifting" reached as high as 50 yuan, an increase of nearly 25 times!
Hong Kong’s aerospace science and technology is not well-known, but it has successfully introduced a number of political and business celebrities to join the board of directors, including guild member and legislator Lin Jianfeng, Cyberport’s chairman of the board of directors Lin Jiali, etc. The major shareholders also hired academicians to support the stage. .
Before seeing the rocket ascend into space, the company's stock price took the lead to ascend like a rocket. What is the driving force behind it?
Hong Kong Aerospace Science and Technology was originally called Hengda Technology. The original business lacked imagination. It was mainly engaged in electronic manufacturing services, involving the assembly and production of printed circuit board assembly and fully assembled electronic products.
In April of this year, after Hengda Technology sold its business to Wen Yichuan, the company changed its name to Hong Kong Aerospace Technology, clarifying the transformation and development of the space business that has recently exploded. Among them, the satellite business is closest to space, and the rest are smart cities. Big data and other "landing" concepts.
Hong Kong Aerospace Science and Technology was originally called Hengda Technology, and it changed hands after being listed in less than 3 years in 2018.
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Strong lineup of celebrities in the company
The new business is "Sexy" enough, and the management of Hong Kong Aerospace Technology is also star-studded.
At the beginning of June of this year, the company's top executives first came to a big position. The major shareholder Wen Yichuan personally took the lead. In addition to serving as co-chairman and chief executive officer, he also recruited Cyberport chairman Lin Jiali as co-chairman to teach people to shine.
On the 16th of this month, the company has another city and introduced many political and business celebrities to serve on the board of directors, including guild member and legislator Lin Jianfeng, and former Deputy Secretary-General of the Financial Affairs and Treasury Bureau Gu Jiali were both appointed as executives. Director; Chairman of the Federation of Hong Kong Industries Ye Zhongxian was appointed as a non-executive director; as for the former Hong Kong Science and Technology Park Chairman Pu Luqi, former Deloitte China Chairman Hong Jiaxi, and former AA Financial Executive Director Luo Zhicong were appointed as independent non-executive directors.
Lin Jianfeng, a member of the Legislative Council who is also a member of the guild, was appointed as the executive director of Hong Kong Aerospace Science and Technology in July this year.
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Faced with such a lineup, a person familiar with the penny stock market couldn't help but admire: "Qu's (major shareholders) are so sincere. Everyone who returns is really a field (aerospace satellite). Zhong Yao is an academician. Do you know that you can't do it? Maybe it's so!"
It is reported that Wen Yichuan, the major shareholder of Hong Kong Aerospace, is a "new Hong Konger" and only obtained a Hong Kong ID card after 2011. In the past, most of them served as directors of companies related to finance and loans. It was only in recent years that they began to transform and engage in "aerospace" business.
As a matter of fact, Wen Yichuan has only "adjusted" aerospace knowledge in recent years, and has served as the director of many private companies named after Hong Kong Aviation Technology.
It is worth mentioning that one of his private companies, the director of the Hong Kong Aerospace Science and Technology Group, has many university professors from China and Hong Kong, and even scientists from various European countries.
"Academician" team behind the scenes
According to a press release issued by the Hong Kong Aerospace Science and Technology Group in 2020, the group is developing the "Golden Bauhinia Constellation" space project, planning to manufacture and launch 165 low-orbit high-frequency satellites, covering the Guangdong-Hong Kong-Macao Greater Bay Area. Described that the commercial aerospace sector in the Guangdong-Hong Kong-Macao Greater Bay Area will generate tens of billions of US dollars in market demand each year.
Looking at the information, the directors of the Hong Kong Aerospace Science and Technology Group include Yu Ming, a tenured professor of electronic engineering at the Chinese University of Hong Kong who reports to the Chinese University of Hong Kong. He has been active in the microwave industry and academia for many years, and his main interest is in microwave devices that are widely used in various communication systems. , The scope of application includes 5G wireless communication stations and a new generation of satellite communication systems; Professor Ding Xiaoli of the School of Construction and Environment of the Hong Kong Polytechnic University, has previously been awarded the second prize of the National Science and Technology Progress Award by the State Council.
Jin Yaqiu, a professor of Fudan University who currently lives in Shanghai, is also one of the directors. He is an expert in electromagnetic wave physics and remote sensing science in China. He received his Ph.D. degree from the Massachusetts Institute of Technology in 1985 and was elected an academician of the Chinese Academy of Sciences in 2011.
In addition, there are also Chinese scientist Li Deren, as well as scholars and scientists from Australia, Italy, Canada and the Czech Republic.
However, it is currently unknown whether this group of teams will be "raised" by the listed company, and it should be noted that according to regulations, the time limit for injecting new assets or selling old assets after the company's control changes hands is 36 months.
The sale this time was operated by Kingston Securities under the "Shell Queen" Zhu Liyuehua, who has gradually become low-key in recent years.
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Shell trading is "escorted" by Kingston Securities
Inside the bureau, the stars are shining, and the outside financial adviser who "escorted" the sale this time is not inferior.
This transaction was handled by Kingston Securities, a subsidiary of Zhu Liyuehua, the "Queen of Shell" who has become increasingly low-key in recent years.
In April this year, the new master Wen Yichuan bought 191 million shares of Hengda Technology at 1.5 yuan per share, accounting for 63.75% of the company’s issued share capital, at a price of about 287 million yuan; later, it proposed mandatory unconditional cash at 2 yuan per share. Offer.
As Wen Yichuan had already absorbed 7.2% of the shares in the market before the full purchase, after the completion of the transaction, Wen Yichuan held approximately 213 million shares of Aerospace Technology, accounting for 70.95% of the company's issued share capital.
The original major shareholder Ma Fujun held 63.75% of the shares through Dejian Securities and has also been fully transferred to Kingston Securities, which represents Wen Yichuan.
After the completion of the transaction, the equity distribution of Aerospace Science and Technology will be the majority shareholder Wen Yichuan holding 70.95%, the original second largest shareholder Zhuo Pei will continue to hold 11.24%, and other public shareholders will hold 17.81%.
Since the public float is lower than the 25% public float stipulated in the Listing Rules, the second largest shareholder sold 5 million shares held by him on June 30, and the shareholding ratio fell to 9.58%, and no longer became Major shareholders, so that public shareholders' shareholding rose to 27.39%.
The stock price of Hong Kong Aerospace Technology has soared, and the increase is amazing.
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The stock price of out-of-town goods remains high
After hovering at the level of 2 yuan before trading suspension for about 2 months, after "transformed" into Hong Kong Aerospace Technology, it rose to 50 yuan at the end of April. As of last Friday (23rd), it still closed at 34.55 yuan and was listed as a "ten times share". More than.
The stock price is hot, but it must be noted that Hong Kong Aerospace Technology is still very "driving."
According to the Central Clearing and Clearing System (CCASS), on the eve of the company’s "shell sale" on April 20 this year, the company’s shareholding in the Central Clearing System was 87.47%, and there were only 82 market intermediary participants.
Among them, in addition to the 63.75% of the original shareholder's shares in Dejian Securities, Kingston has the heaviest deposit, which is as high as 13.35%. Sun Hung Kai Investment holds only 1.94%, which is less than 2%.
After the shell is sold, the source of the goods is more concentrated in Jinlifeng, which represents the major shareholder, and no other brokerage has a warehouse that exceeds 2%.
As of last Friday (23rd), Kingston still holds 71.01%, which is believed to be mainly held by major shareholders; after that, Futu Securities holds only 1.75%, only about 5.28 million shares.
It is worth mentioning that on the same day, the Central Clearing System's shareholding was 82.81%, which was lower than the 87.47% before the sale, but the number of market participants had risen by 90% to 161.
Generally speaking, the stock price is good for the stock price to go up.
Hong Kong Huawei Cloud and Hong Kong Aerospace Technology Group Co., Ltd. signed a strategic cooperation agreement earlier.
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New business touches satellite technology to cooperate with HUAWEI CLOUD
In addition to a strong lineup of directors and a relatively concentrated supply of goods, Hong Kong Aerospace Technology has also made a lot of moves, becoming another "fuel" for the upward stock price.
On June 7th of this year, the company announced that under the "Golden Bauhinia Constellation" project, it will develop smart city satellite big data applications and solutions; satellite measurement and control; satellite manufacturing; and satellite launch and other potential new businesses, which are regarded by the outside world as a local space concept Stocks, unique market positioning.
At the beginning of July, the company announced another cooperation agreement with HUAWEI CLOUD Hong Kong, under which the parties to the agreement agreed to act as partners with a validity period of 10 years to jointly build a remote sensing big data and artificial intelligence (AI) service platform in the Guangdong-Hong Kong-Macao Greater Bay Area Golden Bauhinia platform.
Huawei Cloud Hong Kong will provide solutions and total system integration for the Golden Bauhinia platform.
Hong Kong Aerospace is responsible for launching satellites under the "Golden Bauhinia Constellation" project to lay the foundation for the deployment and foundation of the Golden Bauhinia platform; and the customer relationship management and business development of the Golden Bauhinia platform.
Wen Jie believes that the development of Hong Kong aerospace science and technology has a longing, but reminds retail investors that this is a high-risk investment.
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Wen Jie: High-risk investment with longing prospects
With various deployments, it is not difficult to see the ambitions of Hong Kong Aerospace Science and Technology. The stock price also took the lead in "lifting into the sky", but there is also a "all-in-one introduction" in the investment market. Whether the stock price can continue to "roam in space" depends on the management's follow-up.
Wen Jie, a wealth management strategist at Everbright Sun Hung Kai, believes that from a fundamental point of view, aerospace technology, as one of the key national policy support, has a lot of room for development in the industry.
In addition, the company has new trends such as mergers and acquisitions, and the introduction of many celebrities in politics and business management, the development prospects are promising.
In terms of stock price trends, the company's stock price has been rampant from 25 yuan to 27 yuan for nearly two months, and then another wave of upswing has begun. Therefore, he believes that investors who purchase goods at 27 yuan downstairs may wish to continue to sit.
Although he is optimistic about the trend of its stock price, he also emphasized that this is a high-risk investment project. "Always have a market value of over 10 billion in a short period of time, plus it is investing in the future development. Investors need to control their bets and use idle funds." .