Coming! China Radio and Television Corp. is bidding for or winning the highest rate of new shares this year.

category:Finance
 Coming! China Radio and Television Corp. is bidding for or winning the highest rate of new shares this year.


Regardless of the size of the fund-raising or the number of new shares issued, China Guangzhou Nuclear Corporation is the largest IPO this year. The price of China Radio and Television Nuclear is 2.49 yuan. According to the previous high bidding situation, top bidding is expected to win 100% of the bidding, and it is likely to win 8 or 9 signatures.

High success rate of top bidding

After deducting the issuance cost of 184 million yuan, the net fund raised is expected to be 12.39 billion yuan, which will be used for Guangdong Yangjiang No. 5 and No. 6 nuclear power units and Guangxi Fangchenggang No. 3 and No. 4 nuclear power units, and to supplement the flow. Funds.

On August 12, China Radio and Television Corporation launched online and offline bidding.

It is noteworthy that the issue of China Radio and Television Nuclear Corporation introduced strategic investors, and adopted a combination of strategic placement, offline issuance and online issuance.

The issuance announcement shows that the final strategic allotment of 2.525 billion shares, accounting for about 50% of the total number of issuance. Before the launch of the callback mechanism, the initial number of offline issuance was 1.767 billion shares, accounting for about 70% of the total number of issuance after deducting the final strategic allotment; the initial number of online issuance was 757 million shares, accounting for about 30% of the total number of issuance after deducting the final strategic allotment. The final number of online and offline issuance will be determined according to the situation of offline callback.

As for offline bidding, 442 offline investors with initial inquiries and effective quotations were confirmed by the co-principal underwriters. The corresponding allocation targets were 1085, and the total effective quotations were 24.388 billion shares.

In terms of online subscription, China Radio and Television Nuclear Corporation issued a subscription code of 003816 online, with a single account online subscription limit of 757,000 shares and a market value of 1.88 million yuan for top-level subscription.

As the largest number of top bidding stocks online since 2016, according to the number of 500 shares signed by Shenzhen Stock Exchange, top bidding will reach 1514. Based on the 0.6148% winning rate of the previous online top bidding for 559,000 shares of offshore oil development, China Guangkai top bidding can win 8 or 9 signatures.

Market value is expected to be in the forefront of Shenzhen Market

The issue price of China Radio and Nuclear Corporation is 2.49 yuan, with a price-earnings ratio of 14.6 times. In terms of earnings, if the number of fluctuations is large, the profits will be good.

After this issue, the total equity of China Guangzhou Nuclear Corporation will reach 50.499 billion yuan, and the total market value of the company will reach 125.7 billion yuan based on the issuance price of 249 yuan per share. According to the first days 44% stop-and-rise calculation, China Radio and Nuclear Corporation only needs to harvest four successive stop-and-rise boards, and the total market value can exceed Haikangwei (262.6 billion yuan, August 9), which has the highest market value of current small and medium-sized boards, and win the title of small and medium-sized boards.

The average P/E ratio of the current A-share electricity, thermal production and supply industries is simply calculated based on the net return of 8.7 billion yuan of China Guangzhou Nuclear Corporation last year. The market value of China Guangzhou Nuclear Corporation after listing is more than 150 billion yuan.

Data from the Shenzhen Stock Exchange show that there are 2212 shares (including A and B shares) in Shenzhen Stock Exchange at the close of August 9, with a total market value of 19.83 trillion yuan. At present, the top five companies in Shenzhen are Wuliangye, Mei Group, Vanke A, Gree Electric Appliances and Haikangwei, with a total market value of 458.1 billion yuan, 355.4 billion yuan, 30.29 billion yuan, 30.4 billion yuan and 262.6 billion yuan, respectively.

As of August 9, there are 21 companies with a total market value of more than 100 billion yuan in Shenzhen, 13 companies with a total market value of more than 150 billion yuan and 7 companies with a total market value of more than 200 billion yuan. Its natural for Chinas Guangzhou Nuclear Power Company to enter the Shenzhen Stock Exchange after its listing. However, under the background of large fluctuations in the current market, it remains to be seen where Chinas Guangzhou Nuclear Power will reach after its final stable market value. As a large state-controlled clean energy enterprise, China Radio and Nuclear Corporation is the largest participant in Chinas nuclear power industry. As of December 31, 2018, the company managed 22 nuclear power units in operation and 6 nuclear power units under construction. On July 24, Yangjiang No. 6 unit was put into commercial operation. So at present, the company manages 23 units in operation and 5 units under construction, accounting for 54.04% and 57.17% respectively in China, and the market share ranks first in China. Market participants believe that, as a large state-owned enterprise under the SASAC, it is only a matter of time before Chinas Guangzhou Nuclear Corporation is incorporated into the Shenzhen Stock Commodity Standard. Source: Responsible Editor of Securities Times: Yang Bin_NF4368

As of August 9, there are 21 companies with a total market value of more than 100 billion yuan in Shenzhen, 13 companies with a total market value of more than 150 billion yuan and 7 companies with a total market value of more than 200 billion yuan. Its natural for Chinas Guangzhou Nuclear Power Company to enter the Shenzhen Stock Exchange after its listing. However, under the background of large fluctuations in the current market, it remains to be seen where Chinas Guangzhou Nuclear Power will reach after its final stable market value.

As a large state-controlled clean energy enterprise, China Radio and Nuclear Corporation is the largest participant in Chinas nuclear power industry. As of December 31, 2018, the company managed 22 nuclear power units in operation and 6 nuclear power units under construction. On July 24, Yangjiang No. 6 unit was put into commercial operation. So at present, the company manages 23 units in operation and 5 units under construction, accounting for 54.04% and 57.17% respectively in China, and the market share ranks first in China. Market participants believe that, as a large state-owned enterprise under the SASAC, it is only a matter of time before Chinas Guangzhou Nuclear Corporation is incorporated into the Shenzhen Stock Commodity Standard.