In the market to usher in the repair of the market, but securities companies are frequently reduced by shareholders, does it mean that their future performance is not good? Is there any investment value for securities companies? These issues are also of great concern to investors.
So, does the recent frequent reduction of securities stocks mean that the profit-making effect of securities stocks is not favored by shareholders? Wang Jianhui further said that for the shareholders of securities companies who hold shares at different stages, due to the consideration of financial investment, they may judge the future markets rising space according to the changes in the stock price of securities companies and the medium and short-term development prospects of securities companies, which to some extent reflects the shareholders cautious judgment on the current market. As for the passive shareholders, they may choose to reduce their holdings as soon as they meet the relevant provisions of the reduction, which has nothing to do with the market judgment.
Looking forward to the stock market of securities companies, securities researchers hold a cautious and optimistic attitude. For the current investment value of securities companies, Wang Jianhui pointed out that in view of the overall market in a state of cautious consolidation this year, the fundamentals do not support the continuous rise of securities companies performance, and the space for rapid growth of securities companies in the short and medium term is relatively limited, which is more reflected as a configuration value.
However, Wang Fangchao, chief analyst of non bank financial industry of Cinda securities, pointed out that at present, the gem registration system has entered the stage of practical operation. With the acceleration of capital market reform, it continues to be optimistic about the securities sector. At present, the industrys average valuation is 1.66 times Pb (market to net ratio), which is lower than the valuation center of 2-2.5 times Pb, with both attack and defense.
Source: Yang Bin, editor in charge of Beijing Business Daily_ NF4368