My fintech empire.

With the end of the call auction, the SGX market officially opened at 9 o'clock. Xingyu Technology opened high and continued to rise. In about ten minutes after the opening, the increase expanded to 4 percentage points. The market value soared to a new historical high of 16.21 trillion. At the same time, it also led to the expansion of the SGX 50 Index to +1.37%, reaching 5792.85 points. Everyone felt that it would reach the 5800 point mark this morning.

However, at around 9:12, Xingyu Technology's trend rose and then fell, and it was accompanied by huge volume all the way. The market data showed that funds were in a state of net outflow.

At around 9:47, Xingyu Technology's gain narrowed to +0.79%, and also brought down the overall market index. The New Securities 50 Index also fell back to around +0.31%.

In less than an hour after the opening of the market, Xingyu Technology's trading volume released a staggering 800 billion. It seems that today's trading volume will set a record since the stock was listed.

This trend is different from what most investors expected. Everyone thought that Xingyu Technology might hit the daily limit today and directly push the market value to over 17 trillion. After all, the release of two new energy vehicles on the weekend was too shocking.

After the product was released, everyone from netizens to car owners and consumers, from the investment community to industry insiders almost reached a consensus that with the launch of these two models from Xingyu Technology, other new car manufacturers, or traditional fuel vehicles, joint venture vehicles, and cars priced above 35 yuan will be slaughtered by SCN-3 and SCU-3.

Therefore, the share price of Xingyu Technology will definitely be affected. Even if the stock price reaches the daily limit today, the market value will be 17.13 trillion, and the price-earnings ratio is only 47 times, which is not very expensive. In addition, market participants generally expect that Xingyu Technology's net profit in 2019 is expected to exceed 5000 billion, and the price-earnings ratio corresponding to the market value of 17 can be quickly reduced to about 34 times.

However, the current stock price and market value trend of Xingyu Technology is the opposite. In fact, it is the result of an overheated market. Everyone is too consistent, which has led to a weakening of the stock price.

Overheating or too strong consistency is one reason, but the main reason is that Xingyu Technology has soared from 12.67 trillion to the current 16.21 trillion a while ago, with a net increase of 3.54 trillion in market value. The cumulative increase in the range has reached +27.94%. To put it bluntly, it has almost risen in advance.

The reason for the continuous record highs and surge is the launch of new energy vehicles. The previous surge was the expectation of this increase. Now is the time for short-term positive news to be realized. Whether it can continue to rise in the future depends on the sales of the two vehicles and their final performance.

Both cars are super awesome, and almost no one doubts their market competitiveness, but there is still a problem, and that is the production capacity issue. No matter how good the products are, if they can't be sold, performance growth will definitely be limited.

Qin Feng said that the biggest problem at present is production capacity.

These reasons are actually secondary. Even if investors are super optimistic and are sure that the shares will sell out, and that the mass production problem can be solved by Xingyu Technology, and that the performance next year will explode, Xingyu Technology's stock price will not rise wildly again today, let alone a daily limit.

Because it will be managed by the market value of mysterious funds, Fang Hongke has no intention of letting Xingyu Technology reach its daily limit, otherwise the index will not be able to be suppressed.

If Xingyu Technology hits the daily limit now, the increase of the New Certificate 50 Index today will have to reach around +6% or even +7%, because by then it will not only be Xingyu Technology that hits the daily limit, but it will also drive the entire industrial chain sector and new energy sector, and Matrix Quantum will also be driven to cause a coordinated rise in the entire market.

During the next half month until the National Day holiday, Xingyu Technology will not only fail to continue to rise, but will enter a period of adjustment.

It will also lead to the downward adjustment of the Xinzheng 50 Index for a period of time. The increase in the past month has been very large. When it fell all the way to 4875 points, Xingyu Technology led the market up. Now Xingyu Technology can also suppress the index.

It’s nothing more than adding noodles if there is too much water, and adding more water if there is too much noodles.

Fang Hong will not care too much about the daily or weekly fluctuations of the Xinzheng 50 Index, and he may not even care about the monthly fluctuations.

However, he has to strictly control its annual line trend and will not allow the annual line trend of the Xinzheng 50 Index to exceed his expectations. This is a major issue related to the competition with the Northern Magnesium Stock Market for global capital and liquidity. The bottom line is to ensure that it can significantly outperform the three major magnesium stock indexes while not overdrawing its own height. After all, it will take time to blow up the Northern Magnesium Stock Market.

In short, we want the New Certificate 50 Index to rise sharply, but it cannot be a crazy, one-sided surge in the short term without any pullback.

……

Around 11 o'clock.

At this moment, Tian Jiayi, who was at the company, sent a WeChat message to Fang Hong: [News came from Xingyu Technology that the first batch of 8 cars were sold out in seconds as soon as they were opened for reservation.]
The reservations for the first batch of 8 vehicles started at around 11 a.m. For the first batch of reservation products, the N3 pure electric model and gasoline-electric hybrid model, and the U3 pure electric model and gasoline-electric hybrid model were each allocated 2 vehicles, totaling 8 vehicles.

Current data shows that the shares allocated to the major open booking platforms were sold out in minutes after they were officially opened for booking at 11 o'clock.

Fang Hong saw the news and replied: [It looks like it will explode. If the production capacity is not insufficient, 20 units would probably be sold out today.]
After a while, Tian Jiayi sent a message with emotion: [There are still many rich people in China. Cars worth more than 300,000 or 500,000 yuan are sold out in seconds...]
These two models of Xingyu Technology are said to be very cheap because the car can be sold for 80 yuan without worrying about market sales. The majority of car owners and consumers also think that it is completely worth the price, so they think it is very cheap.

But in fact, it is not cheap. For example, the SCU-3 hybrid model costs 49.98 yuan, or 50 yuan. Not everyone can afford it. The cheapest sedan-type SCN-3 pure electric car costs 36.98 yuan, or 37 yuan. Workers who earn a few thousand yuan a month certainly cannot afford it.

Both models of Xingyu Technology are positioned for the middle-income group, which accounts for less than 30% of the country's population. More than 70% of the Chinese people still cannot afford the relatively cheapest SCN-3 pure electric car, which accounts for more than 10 billion people in the country.

Fang Hong also has no plans to let Xingyu Technology capture the market share of this 10 billion population. This market share will mainly be given to car companies such as BYD. Xingyu Technology itself will operate the high-end market with peace of mind. At that time, it will also cooperate with other car companies targeting the mainstream market and provide them with solutions such as intelligent driving systems. Xingyu Technology itself will not directly get involved in this market.

At this moment, Fang Hong immediately replied with a message: [Tell several market makers of Xingyu Technology to be optimistic about the market. During this period before the National Day holiday, the stock price of this stock cannot reach a new high, but will be adjusted, with an amplitude range of 10 to 15 percentage points.]
Tian Jiayi replied: [Yes, OK]
Just after 11 o'clock, about less than ten minutes later, the stock price of Xingyu Technology showed abnormal movement and steadily strengthened, and began to fluctuate upward, while also driving up the Xinzheng 50 Index.

The reason is that Xingyu Technology officially opened the reservation for 11 cars at 8 o'clock, and they were sold out in half a minute. These are not 8 mobile phones, but cars worth three or five hundred thousand yuan each, and they were all sold out in seconds!
The current situation is that everyone has seen the booking share allocated to Xingyu Technology’s official website mall and other channels, and the page shows that the inventory quantity is zero.

Affected by this, the capital market quickly stimulated the stock price of Xingyu Technology to strengthen again.

...(End of chapter)