This year, the two have increased their holdings of Changshi group shares for 73 times. In the context of the loss of performance and the decline of stock price, this may be due to boosting confidence. However, at present, the long real shares held by Li Ka Shing and his son this year may have been in floating loss.
Li Ka Shing and his son continuously increased their holdings in Changshi group with HK $29.38 million
Li Ka Shing and his son continued to sweep up the goods again, increasing their holdings in Changjiang Industrial (01113-hk).
Statistics show that on September 24, September 25, September 28 and September 29, 2020, the Li Ka Shing Foundation purchased a total of 771500 shares of Cheung Kong at an average price of HK $38.2475, 338.1613, 8.2090 and 37.5833 per share, involving a total amount of about HK $29.38 million.
After the completion of the increase, Li Ka Shing, a senior consultant of Changshi, increased his interest from 35.59% to 35.62%, while that of chairman Li zeju increased from 35.66% to 35.68%.
In addition, most of Changhe stocks rose on September 30. Among them, Yingda real estate rose 5.73% and Hongkong Telecom rose 2.6%.
In 2020, Li Ka Shing and his son increased their holdings of Changshi group 73 times
In fact, this is not the first time that Li Ka Shing and his son have increased their holdings in Changshi group. From the stock disclosure statistics of the Hong Kong stock exchange, Li Ka Shing and his son swept the Changshi group.
Statistics show that as of the end of September, Li Ka Shing and his son have increased their holdings in Changshi group as many as 73 times this year. The number of times they increased their holdings by two people on a monthly basis was 6 times in March, 5 times in April, 15 times in May, 15 times in June, 1 time in July, 13 times in August and 18 times in September. Among them, two people increased their holdings the most in September.
In the whole year of 2019, the father and son increased their holdings only 12 times.
At the same time, their shareholding ratio has also increased from 33.93% of Changshi shares held by Li Jiacheng and 34% shares of Changshi by Li zeju at the beginning of the year to 35.62% shares of Changshi and 35.68% shares of Changshi held by Li zeju.
The stock price fell, and the first three quarters of the increase in shares or floating losses
According to the market view, Li Ka Shing and his son have frequently increased their holdings of Changshi group shares this year, which is closely related to the groups share price.
Since the beginning of this year, the stock price of Changshi group has started to decline. From about 54 yuan at the beginning of the year, it has been falling all the way until March 19, when the stock price of Changshi group fell to the historical low value of 32.038 yuan. The last time Changshi groups share price fell to a similar position, or in early 2016.
On March 19 this year, Changshi group announced its annual report in 2019. According to the annual report, the groups operating revenue in 2019 was HK $82.382 billion, up 63.56% from HK $50.368 billion in the same period last year. The net profit attributable to the parent company was HK $29.134 billion, down 27.38% from HK $40117 million in the same period last year.
Also in the beginning of the second quarter, Li Ka Shing and Li zeju increased their holdings in Changshi group more and more frequently. Perhaps due to the two peoples increased holdings of group shares to boost confidence, Changshi groups share price has also been rising. It reached a recent high of 48.992 yuan on July 6.
But just after briefly reaching a high, the groups share price began to fall again.
According to rough statistics, this year, the total amount of shares held by Li Jiacheng and his son is about 2.658 billion Hong Kong dollars, which is about 62223000 shares. According to the closing price of 37.75 yuan of Changshi group on September 30, the father and son have lost about 310 million Hong Kong dollars this year.
Chinese newspaper disappointed, foreign institutions cut group target price
Under the background of losing performance, investment institutions have lowered the target price of Changshi group.
According to a research report issued by Citigroup, Changshi cut its mid-term dividend by 35%, which surprised the market. At the same time, all business sectors of the company have been negatively affected by public health events, including the companys central office buildings, Hong Kong hotels, British bars and aircraft leasing, which suffered different degrees of decline. Due to the strong performance of the company in 2019, the company is expected to make a profit in 2020-2022 Profits will fall, mainly affected by the downturn in the Hong Kong property market and the continued decline in profits. As the company has not published relevant guidelines on dividend distribution per share, it is expected that the companys dividend per share will be reduced by 30% in 2020, and the annual dividend yield is only 3.3%, which is lower than 5.6% of the main companies in the same industry. At the same time, Citigroup lowered its target price from HK $37.4 to HK $34.3, and its rating was lowered from neutral to sell.