Signal! Is it true that industrial capital has increased its holding of two banking stocks?

category:Finance
 Signal! Is it true that industrial capital has increased its holding of two banking stocks?


In the evening of December 2, the announcement of Nanjing Shanghai Expressway showed that as of the announcement date, the wholly-owned subsidiaries of the company, Nanjing Shanghai investment company and Nanjing Changzhen Li company, had increased their holdings of 135 million shares of Bank of Jiangsu through the secondary market, accounting for 1.17% of the total share capital of Bank of Jiangsu, with a total increase of 947 million yuan. After this increase, the company and its subsidiaries, Ninghu investment company and Ningchang Town Li company, hold 335 million shares of Bank of Jiangsu, accounting for 2.9% of the total share capital of Bank of Jiangsu.

At the same time, according to the Hong Kong stock exchange, Liu Yonghao, vice chairman and non-executive director of Minsheng Bank, bought a total of 20.3 million H shares of Minsheng Bank from November 27 to 29. The Chinese correspondent of the securities firm noted that from November 4 to November 29, Liu Yonghao continuously increased his holding of H shares of Minsheng Bank. After the increase, Liu Yonghao held 75.475 million shares.

Some insiders said: the increase of large amount of shareholders must be optimistic about the development of the company, which is good for the company.

Liu Yonghao substantially increased his holding of H shares of China Minsheng Bank in November

Liu Yonghao, chairman of new hope group, bought 20.3 million H shares of Minsheng Bank from November 27 to 29, according to the Hong Kong stock exchange.

In fact, Liu Yonghaos attack on Minsheng Bank began in early November. According to the data, Liu Yonghao started to buy intensively since November 4, but there was no transaction on November 18 in the following trading days, and almost realized the daily position increase, with a total of 75457500 shares added, costing 418 million Hong Kong dollars. As of November 29, the proportion of H shares directly held by Liu Yonghao in the total equity of Minsheng Bank has increased from 0 to 0.91%.

It is worth noting that the biggest day for Liu Yonghao to increase his holding was November 29, when he bought 12.65 million shares, costing about 70 million Hong Kong dollars. In addition, more than 11 million shares were increased on November 11. In the rest of the trading days, the buying scale is about millions of shares, and in three trading days, the number of shares increased by less than 1 million.

As for Liu Yonghao, non-executive director of Minsheng Bank, who has increased his shareholding in Minsheng Bank for several days in a row, some insiders said: shareholders large-scale increase in shareholding must be optimistic about the development of the company, which is good for the company. First, it may be that the valuation of Minsheng Bank is currently undervalued; second, Minsheng Banks equity diversification may be interested in increasing its holdings and seeking control, but it needs to observe whether there is a sustained increase in holdings in the future.

The data shows that in the first three quarters of 2019, Minsheng Bank achieved an operating revenue of 133.128 billion yuan, a year-on-year increase of 15.11%, and realized a net profit of 45.529 billion yuan belonging to the shareholders of the parent company, a year-on-year increase of 2.844 billion yuan, a year-on-year increase of 6.66%; basic earnings per share of 1.04 yuan, a year-on-year increase of 7.22%; by the end of September 2019, the net assets per share belonging to the common shareholders of the parent company was 10.09 yuan.

Spend 950 million to increase 135 million shares, and Nanjing Shanghai Expressway ranks among the top ten shareholders of Bank of Jiangsu

In the evening of December 2, the announcement of Nanjing Shanghai Expressway showed that as of the announcement date, the wholly-owned subsidiaries of the company, Nanjing Shanghai investment company and Nanjing Changzhen Li company, had increased their holdings of 135 million shares of Bank of Jiangsu through the secondary market, accounting for 1.17% of the total share capital of Bank of Jiangsu, with a total increase of 947 million yuan. After this increase, the company and its subsidiaries, Ninghu investment company and Ningchang Town Li company, hold 335 million shares of Bank of Jiangsu, accounting for 2.9% of the total share capital of Bank of Jiangsu.

This also means that the top ten shareholders of Bank of Jiangsu will add a State-owned Assets Department. By the end of September this year, the top ten shareholders of Bank of Jiangsu were Jiangsu International Trust, Jiangsu Phoenix publishing media group, Huatai Securities, Wuxi construction and Development Investment Co., Ltd., Jiangsu Shagang Group, China Orient Asset Management Co., Ltd., fuanda Fund - Fuxiang No. 15 stock asset management plan, Suzhou International development group, Jiangsu Radio and television group Jiangsu Guoxin group holds 8.04%, 7.81%, 5.54%, 4.73%, 3.03%, 2.56%, 2.55%, 2.34%, 2.15% and 1.95% shares respectively.

By the end of September this year, the total assets of Bank of Jiangsu had reached 2.07 trillion yuan, up 7.31% year on year. Among them, the total amount of loans exceeded 1 trillion yuan to reach 1.011 trillion yuan, an increase of 13.66% over the beginning of this year; the operating revenue of the bank in the first three quarters of this year was 33.22 billion yuan, an increase of 27.43% year-on-year; the net profit was 11.88 billion yuan, an increase of 15.82% year-on-year; and the earnings per share was 1.03 yuan.

It is worth mentioning that, just in the past November, Beishang capital increased its position sharply to break through the net banking stocks. Data shows that in November, Beishang spent nearly 600 million yuan to buy about 86 million shares of Bank of Jiangsu, with both the number of shares held and the value of the stock market at a record high. In addition to Bank of Jiangsu, ICBC, Bank of Beijing, China Construction Bank and Industrial Bank have also been purchased more than 300 million yuan by Beishang capital since November. The positions of Beishang capital in the above banks are all at a historical high. At the same time, Bank of Jiangsu, Ping An Bank, Bank of Guiyang, Jiangyin bank and Bank of Wuxi ranked first in the third quarter.

A number of banking analysts believe that the bank fundamentals are good, blood replenishing is unimpeded, and the bank is a traditional high dividend variety. Under the undervalued value, the dividend rate advantage is further highlighted, which makes some institutions increase investment in banking stocks in the second half of the year. Dongfang Securities pointed out that the bank sector is at a low valuation and long-term funds are preferred, and it is expected that the space and motivation for valuation restoration are sufficient. With the introduction of long-term funds such as insurance funds and bank financing at the end of the year and the beginning of the year, and the making of the asset allocation plan for the new year, bank shares have always been the target of their favor, and there will be more incremental funds in the sector.

Northbound capital increase

It is worth mentioning that, in addition to the obvious increase of shareholders holding of bank shares, in the past November, Beishang capital also significantly increased its position in bank shares. Data shows that in November, Beishang spent nearly 600 million yuan to buy about 86 million shares of Bank of Jiangsu, with both the number of shares held and the value of the stock market at a record high. In addition to Bank of Jiangsu, industrial and Commercial Bank of China, Bank of Beijing, construction bank and Industrial Bank of China have also been purchased more than 300 million yuan by Beishang capital since November. The positions of Beishang capital in the above-mentioned bank shares are all at a historical high. At the same time, Bank of Jiangsu, Ping An Bank, Bank of Guiyang, Jiangyin bank and Bank of Wuxi ranked first in the third quarter.

A number of banking analysts believe that the bank fundamentals are good, blood replenishing is unimpeded, and the bank is a traditional high dividend variety. Under the undervalued value, the dividend rate advantage is further highlighted, which makes some institutions increase investment in banking stocks in the second half of the year.

Dongfang Securities pointed out that the bank sector is at a low valuation and long-term funds are preferred, and it is expected that the space and motivation for valuation restoration are sufficient. With the introduction of long-term funds such as insurance funds and bank financing at the end of the year and the beginning of the year, and the making of the asset allocation plan for the new year, bank shares have always been the target of their favor, and there will be more incremental funds in the sector.

Source: responsible editor of securities companies in China: Yang bin_nf4368