Signal! Li Ka Shing once again increased holdings of Changshi group, which has increased 73 times this year

category:Finance
 Signal! Li Ka Shing once again increased holdings of Changshi group, which has increased 73 times this year


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.

As of the end of September 30, Changshi groups share price was 37.75 yuan, up 0.27%. At the highest point in the day, the stock price reached 38.45 yuan, up 2.12%.

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

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

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.

However, DMC lowered the target price of Changshi group from HK $55 to HK $49, with its rating in line with the market, indicating that the company may potentially cut its dividend per share at the end of the period. According to moto, Changshi Group expects to record more than HK $7 billion in revenue from mainland development projects in the second half of the year, which does not include HK $8 billion from the recent sale of Chengdu project. Therefore, the bank will bring part of its 2021 profit to the second half of this year and reduce its forecast of earnings per share for next year by 6%. The report also lowered the EBIT assumption of the UK bar business from a positive HK $316 million to a negative HK $3 billion to reflect a higher than expected fixed cost. The contribution of hotel EBIT in the first half of the year was also lower than expected, dropping the full year EBIT expectation to only break even. HSBC issued a research report, saying that Changshi groups performance in the first half of the year was poor, and its basic net profit fell by 36% to HK $8.4 billion. However, the market has responded to the companys share price and share price because the companys previous report pointed out that the companys performance was facing downward risks. However, the companys dividend was reduced by 35% year-on-year, and the dividend ratio is currently 15%, which is the first time that the company has cut its dividend in 21 years. HSBC pointed out that due to the increased uncertainty in the dividend policy of the company and the lower than expected business recovery, it lowered its rating from buy to hold and its target price dropped from HK $58.1 to HK $49.6. Source: China Fund News Editor in charge: Yang Bin_ NF4368

However, DMC lowered the target price of Changshi group from HK $55 to HK $49, with its rating in line with the market, indicating that the company may potentially cut its dividend per share at the end of the period. According to moto, Changshi Group expects to record more than HK $7 billion in revenue from mainland development projects in the second half of the year, which does not include HK $8 billion from the recent sale of Chengdu project. Therefore, the bank will bring part of its 2021 profit to the second half of this year and reduce its forecast of earnings per share for next year by 6%. The report also lowered the EBIT assumption of the UK bar business from a positive HK $316 million to a negative HK $3 billion to reflect a higher than expected fixed cost. The contribution of hotel EBIT in the first half of the year was also lower than expected, dropping the full year EBIT expectation to only break even.