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GTHT: The Promised Brokerage Giant Now a Retail Investor 'Guillotine'?
Remember when Guotai Junan and Haitong Securities merged, touting the slogan "building an industry behemoth"? How many people poured their hard-earned money in, and what's the result now?
From a high of 22.35, it has steadily declined, hitting a low of 15.75—a nearly 40% drop in half a year without a single decent rebound in between! Watching the floating losses in the account every day is heart-wrenching.
What happened to the promised "merger equals positive news"? What about the premium for being the industry's second-largest leader? Instead, the positive news turned into negative realization upon landing, with institutions using the news to dump shares frantically, leaving retail investors who chased the highs stranded at the peak.
With a market cap of 280 billion, it moves like a clumsy elephant, and the market simply lacks the funds to lift it. When the sector rebounds, it plays dead; when the sector pulls back, it leads the decline—a classic "falls but doesn't rise" brokerage underperformer.
No earnings bombshells, no major industry crises, yet it keeps falling day after day, making people question their life choices. The higher the initial expectations, the more bitter the disappointment now.
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