Original title: two days of soaring 15 times, the shock of the United States' demon stock 'is actually Chinese blood
In the absence of any information disclosure and any signs, the stock price of integrated media technology Limited (IMT), a NASDAQ listed company, surged nearly 10 times on Wednesday. Even PCG, a public relations organization newly hired by the company on Tuesday, could not provide any explanation.
IMT shares rose 1963% to an all-time high of $41.26 on Wednesday in New York local time, then narrowed slightly to close up 997.5%. It should be noted that the closing price of IMT on Tuesday was only $2. Trading volume of IMT also surged to 2.2 million shares on Wednesday from an average of 471 shares in 30 trading days, according to FactSet data.
Due to the volatility of stock price, IMT suspended trading as many as ten times.
After the U.S. stock market opened on Thursday, IMT continued to soar, up more than 90% for a time, and ended up 46.29% at $32.11. That is to say, IMT rose more than 1500% on the first day of trading on Wednesday and Thursday. However, on Friday, IMT failed to continue its rise and fell by 37.37%.
The reporter noticed that before the stock price soared on Wednesday, the stock price of IMT had plummeted by 64% from the beginning of the year to the close of this Tuesday. Such a sharp rise and fall is quite a "demon stock" trend, and some domestic U.S. stock investors also shout "don't understand.".
It is worth noting that IMT belongs to the naked eye 3d concept stock, while yesterday (May 4), the A-share 3D glass concept was stronger, star technology, Haozhi electromechanical and diamond glass were trading in succession, and Lida optoelectronics, Ancai high tech and other stocks also rose to varying degrees.
The company's main business is in China
Information shows that IMT is headquartered in Australia, the company develops visual technology, focusing on naked eye 3D display technology. At present, the total share capital of IMT is about 2.6 million shares. Therefore, the recent sharp rise in share price once made the company's market value reach nearly 90 million US dollars. Of the 2.6 million shares, about 1.15 million are in circulation to the public, but as of mid April this year, IMT had only 413 short positions.
Although IMT is headquartered in Australia, it has a close relationship with China.
In 2009, Herbert Lee, born in Hong Kong, China and a doctor of engineering from Hong Kong Polytechnic University, founded the world wide digital group in Hong Kong, China, which is committed to the research and development of naked eye 3D technology. After seven years of research, the naked eye 3D technology of world wide digital is becoming more and more mature. Li Yingqiao and Shanghai Yunshi group jointly established the world wide cloud Technology Co., Ltd.
In 2015, world wide digital successfully cooperated with IMT of Australia（ ITL.AX ）Li Yingqiao also became chairman of IMT's board of directors. In August 2017, IMT successfully landed on NASDAQ. Over the past 17 years, Li Yingqiao has rich working experience in technology management and naked eye 3D. Hong Kong media call him "3D jobs".
The reporter noticed that in addition to Hong Kong people, the company's income also comes from Hong Kong and the mainland. According to the company's 2017 annual report, Hong Kong accounted for 56.15% of the company's main business income last year, and the mainland accounted for 43.85%
However, according to IMT's 2017 financial report, the company's performance fell sharply last year. Affected by the decline of 3D solutions business (nearly 87%), the company's net income fell 59% and net profit dropped 53% in 2017. This further increased investors' doubts about the soaring stock price of the company in recent two days.
Securities companies are optimistic about the prospect of 3D glass industry
So, what's the future of naked eye 3D and 3D glass industry?
According to authoritative forecasts, the global 3D display will increase from US $23 billion in 2014 to US $76.5 billion in 2019, more than three times in six years, and the Asia Pacific region will account for more than 90%, which is the main growth force of the market.
According to other data, the global output value of naked eye 3D display industry was about 3 billion yuan in 2016, and is expected to reach 300 billion yuan in 2021. Market analysts said that at present, there are only a few companies with technical strength in the industry, and the market presents a blue ocean.
Huatai Securities pointed out in the research report that 3D glass, compared with metal, is more suitable to cooperate with OLED technology and wireless charging technology. It has the advantages of reducing signal interference and improving the user experience of intelligent terminal. With the improvement of processing technology, the product yield is improved and the cost is reduced.
In addition, with the growth of mid and high-end smartphone shipments, half of these mid and high-end smartphones use both front and rear covers and only front cover uses 3D glass. 3D glass gradually extends from high-end models to mid and high-end models. By 2020, the penetration rate of 3D glass in the smartphone field will reach 23% - 54%, and the annual demand will be 600-14 million pieces.