The troubles of Everbright Securities have started again.

However, an "8 16 Oolong Finger" did not become the alarm of Everbright Securities. On June 1 day, 2004, Everbright Securities' "research report" on Yili shares once again became the target of public criticism in the stock market.

Everbright Securities released a research report saying that Yili will encounter the full impact of low-temperature milk, normal-temperature yogurt and imported milk. In the next six months, the target price will drop by more than 33%, and the bearish Yili will reach 22.7 yuan. Affected by this news, Yili shares fell by 7.75% on June 3, and the market value of that day evaporated by 5.365 billion yuan. Fund companies with heavy positions in Yili shares have also been implicated. Among the 242 funds with heavy positions in Yili, Huaxia Fund was the most seriously injured, and its 18 funds lost 399 million yuan that day.

Subsequently, Everbright Securities was criticized by netizens as "unprofessional" and "insufficient arguments". Many insiders also questioned the credibility of the brokerage research report and refuted the three bearish reasons one by one, pointing out that the opposition between normal temperature yogurt and Yili is a simple, fixed and rigid ignorant judgment on Yili's business and strategy. Whether it is low-temperature milk, normal-temperature yogurt or imported milk, the new product structure is unlikely to have a significant impact on enterprise performance in the short term. Xing Tingzhi, a researcher of Everbright Securities, was rated as the worst analyst in 20 13 last year, and his recommended Kweichow Moutai fell by more than 30%, causing huge losses to the market.

However, only on the second day after the plunge, Yili shares did not fall but rose. Some analysts said that Yili's share in the national market is very important. The three factors mentioned in Everbright Securities Research Report are hard to shake Yili's core position. This event is not ruled out. It is a means to cooperate with institutional strategy to short; Some analysts believe that this oolong incident may also be a good opportunity for holders who are optimistic about Yili to inhale on dips. The results in many aspects show that another failure research report of Everbright Securities is far from the facts, and the statement of "shorting" is obviously difficult to come true.