26 BSE Companies Draw Institutional Research; Hongshida Most Sought After, Average Gain 3.10% in Month
In the month from July 18 to August 17, 26 Beijing Stock Exchange (BSE) companies received institutional research. Brokerages covered 25 firms, funds 18, private equity 15, insurers 7, and overseas institutions 5. Hongshida drew the most attention with 61 institutions, followed by Huami New Materials (42), Jingsai Technology (36), and Leishen Technology (34). The researched companies rose an average 3.10% over the period, with 20 gaining. Top gainers were Zhongyu Technology (11.00%), Anda Technology (10.88%), and Ailun Medical (10.09%). Their average daily turnover was 3.86%, led by Hongshida at 12.72%.
According to statistics based on the research date cutoff, in the month from July 18 to August 17, a total of 26 BSE companies received institutional research. By type of research institution, brokerages conducted research on 25 companies, funds participated in research on 18, private funds on 15, insurance institutions on 7, and overseas institutions on 5. Hongshida had a total of 61 institutions participating in research, making it the most watched company; Huami New Materials, Jingsai Technology, and Leishen Technology had 42, 36, and 34 institutions respectively.
By Shenwan industry classification, the BSE companies that received research belong to 11 industries, with basic chemicals, machinery and equipment, and automobile industries each having 4 companies on the list. In terms of research frequency, Hongshida was the most frequently researched, receiving 2 research visits from institutions.
In terms of market performance, the BSE companies that received research rose an average of 3.10% over the past month, with 20 stocks rising during the period. The top gainers were Zhongyu Technology, Anda Technology, and Ailun Medical, rising 11.00%, 10.88%, and 10.09% respectively. In terms of turnover rate, the average daily turnover rate of the researched companies over the past month was 3.86%, with the highest daily average turnover rates seen at Hongshida, Oulun Electric, and Xintianli, at 12.72%, 12.06%, and 9.46% respectively.
As of the close on August 17, the average total market capitalization of all BSE companies was RMB 2.613 billion, while the average total market capitalization of the companies that received research over the past month was RMB 2.560 billion. Among the researched companies, those with the largest market capitalizations included Hongshida, Guohang Yuanyang, and Anda Technology.