At present, banking stocks have broken the net in a large area. With the coming of the lifting of the ban, the future performance of banking stocks will be under pressure.
100 billion yuan of bank shares
Previously, on January 16, 154 million shares of the Bank of Qingdao were listed and circulated, accounting for 5.6077% of the banks a shares and 3.4154% of the banks total shares.
Hangzhou bank and Zheshang Bank will also join the lifting team one after another. Among them, the restricted shares of 147 million initial shareholders of Bank of Hangzhou will be lifted on May 21. Based on the closing price on May 19, the lifting involves a market value of 1.29 billion yuan. There are 482 million initial ordinary shares of Bank of Zhejiang will be lifted on May 26, involving a market value of 1.96 billion yuan.
In 2019, after banks piled up for listing, this year ushered in a small climax of lifting the ban on bank shares. According to the data, 5.39 billion shares have been lifted, and there are 24.96 billion bank shares in the future. According to the latest closing price, the market value of the lifting is about 141.3 billion yuan.
From the perspective of the types of shares to be lifted, the number of original initial shareholders is the largest, 22 of the 29 banks involved in lifting the ban are original initial shareholders, followed by general initial shares, 3 banks, and 4 are rationing shareholders of fixed increase institutions.
From the perspective of the power of lifting the ban and reducing the holding, after lifting the ban, the power of reducing the holding is relatively weak for the consideration of long-term holding of asset allocation by the shareholders, while the power of making profits at the stage is strong and the possibility of reducing the holding is high.
In particular, the fixed share increase will generally be packaged into various products by institutions, with product maturity date. Basically, after lifting the ban, it will be reduced in a year or even a shorter period of time, so it will form a more obvious pressure on the stock price of individual stocks. The head of a fund company in South China told 21st century economic reporter.
Bank share break through rate over 86%
At the same time of the pressure of lifting the ban, the situation of large-scale breaking the net of bank stocks has not been improved.
By the end of May 19, 31 of the 36 A-share listed banks had broken the net, with a breaking rate of 86.1%. In addition, the latest closing prices of Suzhou bank, Zijin bank and Changshu bank are above the net assets, but the market to net ratio is less than 1.1 times, which is also in a precarious position. At present, China Merchants Bank and Ningbo bank have higher city net ratio, which are 1.42 times and 1.56 times respectively.
The bank with the highest degree of breaking net is Huaxia Bank, which is only 0.46 times. Huaxia Bank has been in an awkward state of breaking net for a long time. The performance of the bank in the past three years is also poor. In 2017, 2018 and 2019, the net profit attributable to shareholders of listed companies of Huaxia Bank increased by 0.72%, 5.22% and 5.04% respectively on year-on-year basis, ranking lower among the listed banks of A share.
According to the data released by China Banking Regulatory Commission on May 13, at the end of the first quarter of this year, the balance of non-performing loans of commercial banks in China was 2.61 trillion yuan, an increase of 19.6 billion yuan compared with the end of last quarter; the non-performing loan ratio was 1.91%, an increase of 0.05 percentage point compared with the end of last quarter.
Source: responsible editor of 21st century economic report: Wang Xiaowu_ NF