Group 1 - The A-share market has seen increased trading activity, particularly in ST (risk warning) stocks, driven by speculative funds, attracting many investors, including those in stocks already locked for delisting [1][2] - ST stocks are typically companies with internal control issues or deteriorating fundamentals, such as continuous losses or significant legal violations, making them highly risky investments [1][2] - Some ST companies have seen stock price surges due to expectations of restructuring, but they also carry delisting risks; for instance, a certain *ST company saw its stock price increase over 700% after announcing a major asset restructuring, despite already meeting financial delisting criteria [1][2] Group 2 - Certain companies have hopes of removing risk warnings, but their performance has been declining; one ST company doubled its stock price this year despite continuous losses over the past three years [2] - There are companies that are already locked for delisting, with significant short-term price increases lacking any supporting factors; for example, *ST Suwu has been under significant trading risk despite a recent price surge [2] - The reform of the delisting system has led to a more competitive market environment, reducing the "shell value" of ST stocks, and investors speculating on these stocks may face substantial risks [2][3] Group 3 - Historical trends indicate that without improvement in fundamentals, the speculation on ST stocks will ultimately lead to significant losses for investors, emphasizing the importance of adhering to value investment principles [3]
跟风炒作ST股无异于“火中取栗”
Zheng Quan Ri Bao·2025-08-28 16:12