On March 3, it rose 22percent to a record high, and CSCI once again denied the merger rumors

category:Finance
 On March 3, it rose 22percent to a record high, and CSCI once again denied the merger rumors


Source: wind

As for the abnormal fluctuation of recent stock price, China CITIC Investment announced on the evening of August 10 that as of the announcement disclosure date, there was no significant information to be disclosed but not disclosed, and said that the market earnings ratio and market net rate of CSCI were higher than the average level of the industry, and reminded investors to pay attention to risks.

Judging from the data of longhubang, CSCI was sold by northward funds and institutional funds. Analysts said that the profits of the investment banking business of CSCI are expected to continue to increase, while enabling other business lines, which still has configuration value in the medium and long term.

The share price rose 22.74% in three trading days

In the past three trading days, the stock price trend of China Securities Construction Investment Co., Ltd. showed striking similar characteristics, that is, it made a strong rush at about 14:00 p.m.

Time sharing trend chart of CSCI in recent three trading days

Source: wind

From the transaction situation, the volume of CSC investment continued to expand for three consecutive days. During the three trading days from August 6 to August 10, the turnover of CSCI was RMB 4.493 billion, RMB 6.456 billion and RMB 8.139 billion respectively.

However, CSCI was sold by northward funds and institutional funds today. According to the wind dragon and tiger list data, the Shanghai Stock connect exclusive seats are at the same time buying one seat and selling one seat, with a purchase of 550 million yuan, a sale of 765 million yuan, and a net sale of 215 million yuan. In addition, 558 million yuan of institutional seats were sold.

Data of China CITIC investment on August 10

Source: wind

Clarification of merger rumors

At the end of August 6, the securities sector rose in an all-round way, and market rumors about the merger of CITIC Securities and CITIC construction investment were warmed up again. On the evening of the same day, China Securities construction investment (CSCI) issued a Clarification Announcement, saying that market rumors involving the change of the companys main responsible person and the merger of the company with other securities companies were not true.

Prior to that, clarification announcements were issued on July 2 and April 14, denying rumors of merger with CITIC Securities.

In the announcement tonight, CSCI again said that the rumors related to the merger were not true, and there was no information that should be disclosed but not disclosed by the company at present.

In addition, CSCI also warned investors of the risks in its announcement tonight.

According to the announcement, the deviation value of the daily closing price increase of CSCI shares has reached 20% in three consecutive trading days on August 6, August 7 and August 10, which belongs to the abnormal fluctuation of stock trading. After self inspection and written confirmation, as of the disclosure date of this announcement, there is no need to disclose But not disclosed material information.

According to the announcement, as of August 10, the share price of CSCI A shares was 59.27 yuan, with a P / E ratio of 58.47 times, higher than the average p / E ratio of 46.93 times of its securities industry; the P / B ratio was 9.68 times, higher than the average p / E ratio of 2.57 times of its securities industry.

Brilliant performance in July

Based on the good performance growth and business structure, the analysis institutions are optimistic about the allocation value of CSCI. At the same time, institutions generally believe that the securities sector has medium and long-term allocation value.

According to the financial data of July released by CSCI a few days ago, in July 2020, the parent company of CSCI realized operating income of 3.115 billion yuan, with a year-on-year growth of 124.72% and a month on month growth of 52.54%; and its net profit reached 1.698 billion yuan, with a year-on-year increase of 174.65% and a month on month growth of 69.02%.

Guoxin Securities pointed out that the business structure of CSCI was balanced, and the investment banking business maintained the leading position in the industry. Under the background of capital market reform, the companys investment banking business is expected to bring performance flexibility, and at the same time, it will enable other business lines to cover and give buy rating for the first time. As for the securities sector, Bohai Securities pointed out that the main driving factors of the rise include capital market reform, liquidity and the u03b2 attribute driven by the rise of A-share market. To maintain a long-term positive outlook on the industry, leading securities companies will benefit most directly from the policy of supporting the superior and limiting the inferior by virtue of their strong capital strength and risk control ability. It is suggested to pay attention to the investment value of high-quality leading securities companies. Anxin Securities pointed out that the business performance of securities increased significantly in July as scheduled. Standing at the current time node, it continued to look at more securities companies (absolute and relative returns are predicted). The three marginal improvements of securities companies are as follows: the opening of business increment space, low interest rate and leverage, and the implementation of favorable policies. The market variables of core concern should be the balance of two financing and its ratio to the circulating market value. Extended reading of Mercedes Benz accessories from Taotao: online shopping only costs 4000 4S stores to earn 24000, and trump is accused again? Amazon and other 52 technology giants jointly sued a vice president of CCB for bribing the party secretary of the university to break the rules to admit his daughter_ NF4368

Guoxin Securities pointed out that the business structure of CSCI was balanced, and the investment banking business maintained the leading position in the industry. Under the background of capital market reform, the companys investment banking business is expected to bring performance flexibility, and at the same time, it will enable other business lines to cover and give buy rating for the first time.

As for the securities sector, Bohai Securities pointed out that the main driving factors of the rise include capital market reform, liquidity and the u03b2 attribute driven by the rise of A-share market. To maintain a long-term positive outlook on the industry, leading securities companies will benefit most directly from the policy of supporting the superior and limiting the inferior by virtue of their strong capital strength and risk control ability. It is suggested to pay attention to the investment value of high-quality leading securities companies.

Anxin Securities pointed out that the business performance of securities increased significantly in July as scheduled. Standing at the current time node, it continued to look at more securities companies (absolute and relative returns are predicted). The three marginal improvements of securities companies are as follows: the opening of business increment space, low interest rate and leverage, and the implementation of favorable policies. The market variables of core concern should be the balance of two financing and its ratio to the circulating market value.