1On April 22, 1998, the Shanghai and Shenzhen Stock Exchanges announced that according to the stock listing rules implemented by 1998, the stock trading of listed companies with abnormal financial or other conditions was given special treatment (abbreviated as "ST" in English).
How to take off the hat of stock ST
If the annual situation of listed companies returns to normal during the inspection period, the audit results show that the abnormal financial situation has been eliminated. After deducting non-recurring gains and losses, if the company's net profit is still positive and the company continues to operate normally, it may apply to the exchange for cancellation of special treatment.
The ST mark before the name of the stock that has been revoked after approval is commonly known as "taking off the hat".
Usually, the rising market is after taking off the hat. You can focus on such stocks and make a little money by the way. How should we get these hat information in the first place? The following investment calendar can definitely help you. Will remind you which stocks will have one-day dividend, share split, delisting and other information. Please poke the following link immediately: exclusive investment calendar of Shanghai and Shenzhen stock markets to get the latest first-hand information.
What should I do with ST's stock?
If your stock unfortunately turns into ST stock, you need to pay close attention to the 5-day moving average and then set a stop loss below the 5-day moving average. In the case that the stock price falls below the 5-day moving average, I suggest you clear your position to avoid being firmly locked in when you continue to fall.
In addition, it is not recommended for investors to open stocks marked with ST, because the ups and downs of this type of stocks are limited to 5% per trading day, which is relatively difficult to operate and it is very difficult to grasp the investment rhythm.
If it becomes "*ST", it means that the company has been losing money for three years, which means that its stock has the risk of delisting, so we should be alert to such stocks.
Such a listed company not only needs to add "ST" before the stock name, but also needs to go through a one-year inspection period, during which the daily fluctuation of the stock price is limited to 5%.
The most famous case is 20 19 Kangmei Pharmaceutical's 30 billion financial fraud case. After the case occurred, it changed from the former A-share white horse to ST Kangmei, and then 15 continued to limit, and the market value evaporated by over 37.4 billion in 43 days.