Risk Advisory
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Trading Suspended for Select Shangwei New Materials Investors After 13x Surge in One Month
The Shanghai Stock Exchange (SSE) warned about 上纬新材 (688585.SS) stock volatility, echoing the company’s own risk advisories. The SSE suspended some investor accounts for “abnormal trading.” 上纬新材’s stock surged 1300% in a month, prompting concerns. The company might request a trading halt, citing no material business changes despite the price surge. They acknowledge declining profits and a high P/E ratio, advising investor caution as the stock price deviates from its intrinsic value.
