Share price of J10 fighter manufacturing company and PL 15 manufacturing company are competing with their products in crash. Their products crashed in India and their price crashed in China's s stock exchange. Their price crashed by 9% and 6.5% respectively for poor show of their products in war.price
Chinese defence stocks tank up to 9% today; details here
Shares of China's J-10C fighter jet maker Avic Chengdu Aircraft Co. were among the biggest gainers. However, the stock recorded a sharp decline on Tuesday, sliding around 9 per cent.
China's J-10C fighter jet maker Avic Chengdu's shares recorded a sharp decline today.
A majority of Chinese defence company shares recently logged a sharp uptick amid an escalation in the India-Pakistan conflict. But, the upmove seems to have hit a bump following the ceasefire announcement between the two neighbouring nations.
Shares of China's J-10C fighter jet maker Avic Chengdu Aircraft Co. were among the biggest gainers. However, the stock recorded a sharp decline on Tuesday, sliding around 9 per cent.
Shares of China State Shipbuilding Corporation, which builds military and civilian vessels, slipped over 4 per cent. Military electronic component maker Zhuzhou Hongda Electronics Corp Ltd was down more than 6 per cent.
Pakistan imports the bulk of its defence equipment, including J-10C fighter jets. Imports from the country accounted for 82 per cent of Pakistan's stock from 2019-2023, compared with 51 per cent during 2009-2012.
Meanwhile, India's defence stocks were on a roll today after Prime Minister Narendra Modi emphasised the need for greater military self-reliance. In his first address to the nation after Operation Sindoor, Modi warned Pakistan that India will not succumb to nuclear blackmail. He described Operation Sindoor as India's new policy against terrorism and an unwavering pledge for justice.
Avic Chengdu Aircraft Co. Shre price competes with its product to decide who crash faster. 2 J10 down and share price crashed by 9%. Product of company and its share price are in competition of who crash faster.
Great planes for target practice for Akash SAM. This war will bring multi billon USD order for Indian defence sectors. All countries will run away if China offers to sell them their products.
3 PL 15 were recovered in intact positions. They were given to DRDO. When asked about reverse engineering, DRDO replied that no need to do that. It has far inferior seeker and data link compared to Astra. Yes, it will provide the valuable data to Jam it. That is why I say, Chinese weapons are blessings for Indian India when sold to Pakistan. HQ 9 proved to be the greatest product with zero kill. Ordinary loitering munition took it out. Hundreds of millions of systems was taken out by few thousand USD drone. Deeper than ocean and higher than mountain friendship resulted into Pakistan being cash cow for Chinese companies making worst defence products in the world. PL 15 failed to fire and landed in sand of Rajasthan. 50 cent army's propaganda resulted in fraud with Pakistan by selling WW 2 products at current market price.
3 PL 15 were recovered in intact positions. They were given to DRDO. When asked about reverse engineering, DRDO replied that no need to do that. It has far inferior seeker and data link compared to Astra. Yes, it will provide the valuable data to Jam it. That is why I say, Chinese weapons are blessings for Indian India when sold to Pakistan. HQ 9 proved to be the greatest product with zero kill. Ordinary loitering munition took it out. Hundreds of millions of systems was taken out by few thousand USD drone. Deeper than ocean and higher than mountain friendship resulted into Pakistan being cash cow for Chinese companies making worst defence products in the world. PL 15 failed to fire and landed in sand of Rajasthan. 50 cent army's propaganda resulted in fraud with Pakistan by selling WW 2 products at current market price.
SSE: 688297
45.53
CNY▼ -1.04 (-2.23%) today
14 May, 3:00 pm CST · Market Closed
Day
Week
Month
Year
5 Year
Max
Previous Close: 46.57
Open
46.34
P/E
-
Vol
16.92 M
High
46.95
52wk High
60.21
Avg Vol
14.60 M
Low
45.07
52wk Low
27.43
Mkt Cap
33.75 B
See more on MSN · Data from Refinitiv · Price in CNY · Market closed · Disclaimer
There are news that some European countries who wanted to partner with China in defense manufacturing had dropped its plan. Junk fighter 10 C (C stands for C grade) and Junk fighter 17' s performance opened their eyes. The funny thing is that Chinese call this 3.5 generation plane a 4.5 generation plane. Their poor software identified Rajasthan soil as Indian plane and landed on it like a glider. This is the beginning of end of China.
There are news that some European countries who wanted to parther with China in defence manufacturing had dropped its plan. Junk fighter 10 C (C stands for C grade) and Junk fighter 17' s performance opened their eyes. The funny thing is that Chinese call this 3.5 generation plane a 4.5 generation plane. Their poor software identified Rajasthan soil as Indian plane and landed on it like a glider. This is the beginning of end of China.
SSE: 688297
45.53
CNY▼ -1.04 (-2.23%) today
14 May, 3:00 pm CST · Market Closed
Day
Week
Month
Year
5 Year
Max
Previous Close: 46.57
Open
46.34
P/E
-
Vol
16.92 M
High
46.95
52wk High
60.21
Avg Vol
14.60 M
Low
45.07
52wk Low
27.43
Mkt Cap
33.75 B
See more on MSN · Data from Refinitiv · Price in CNY · Market closed · Disclaimer
China has mastered the art of making substandard goods. They used to hype their substandard weapons. Operation Sindoor completely exposed them in front of world. I think in some time dictator Xi will come Modi saheb and beg for Akash missile and Tejas. Chinese weapons provided Indian pilots a great target practice. We should thank China for that. How otherwise would world be introduced to new Asian boss and its military might. It just took 3 to 4 days to 10% of Indian airforce to bring Pakistan operating Chinese weapons to its knees.
China has mastered the art of making substandard goods. They used to hype their substandard weapons. Operation Sindoor completely exposed them in front of world. I think in some time dictator Xi will come Modi saheb and beg for Akash missile and Tejas. Chinese weapons provided Indian pilots a great target practice. We should thank China for that. How otherwise would world be introduced to new Asian boss and its military might. It just took 3 to 4 days to 10% of Indian airforce to bring Pakistan operating Chinese weapons to its knees.
Indian Defense
