After more than a month of silence, the “stability maintenance” plan for the share price of listed banks in 2022 appeared for the first time.
After the closing of the first trading day of the year of the tiger, China Zheshang Bank Co.Ltd(601916) , Bank Of Chongqing Co.Ltd(601963) , Chongqing Rural Commercial Bank Co.Ltd(601077) immediately disclosed the relevant announcements that triggered the starting conditions of share price stabilization measures. Among them, Chongqing Rural Commercial Bank Co.Ltd(601077) also announced a specific shareholding increase plan, which will increase its shareholding with the salary of 15% of the bank’s nine directors and senior managers.
In fact, this situation occurred many times last year. Affected by concerns about the quality of bank assets and the “siphon effect” caused by hot sectors, the valuation of listed banks was under obvious pressure in 2021. The continuously depressed share price touched the “red line” of stabilizing the share price of many banks, and more than 10 banks successively announced the shareholding increase plans of major shareholders and directors, supervisors and senior managers.
When the company’s share price is in the doldrums, the major shareholders, directors, supervisors and senior managers can quickly increase their holdings, which is a great comfort to small and medium-sized investors; The stability of stock price is of great significance to the preservation and appreciation of shares held by minority shareholders and the refinancing of the company.
This is not only its commitment to maintaining the stability of stock price before listing, but also its recognition of the confidence and growth value of the bank’s future development prospects.
As “people who have seen the cards”, the main shareholders of the bank and Dong Jiangao undoubtedly know the operation of listed banks best. In addition to completing the “specified action”, they also show the outside world that the current valuation of bank shares has deviated greatly from the fundamentals and seriously underestimated.
It should be noted that the major shareholders and directors, supervisors and senior managers have purchased their own bank shares, but if the increase amount is not large enough, the actual help to improve the stock price of listed banks may not be obvious.
Although in 2022, some banks announced that the stock price was “stable” due to the long-term net breaking of the stock price, it should also be noted that the peripheral environment of listed banks has changed a lot. Since the beginning of the year, the “wide credit” policy has followed one after another, which will help the stable growth of the performance of listed banks.
In fact, since 2022, the valuation of listed banks has begun to pick up slowly. At present, nearly 70% of listed banks have an increase in price to book ratio compared with the end of last year.
At the same time, the excellent performance of the fundamentals of listed banks has given the bottom of bank valuation.
As of this Wednesday (February 9), 19 A-share listed banks have released 2021 performance express. From the disclosed data, the profit of listed banks increased significantly last year. Not only did the net profit of the above-mentioned banks achieve year-on-year growth, but the net profit of as many as 12 banks increased by more than 20%. The strong performance of the performance also makes a number of securities companies frequently sound “optimistic about bank stocks” in the recently released research report.
After entering 2022, the market style has shifted from overvalued and high growth stocks last year. The sectors with good growth since this year are industries related to the “steady growth” policy, among which the banking sector should be the first. As of the closing on February 9, the Shenwan industrial banking sector index had increased by 6.63% in the year, ranking first among the 31 Shenwan industrial indexes, which is in sharp contrast to its weak trend last year.
As the representative of high-quality blue chips in the securities market, “cabbage price” should not be synonymous with bank stocks. With the continuous development of the “stable growth” policy in the future, the upward conditions of the bank sector will be more sufficient and is expected to get out of the dilemma of undervaluation.
The signals of the recovery of bank valuation are frequent, and the bright future seems not far away.
It is appropriate to use the slogan of the Winter Olympic Games “together to the future” to interpret the actions of overweight holders. They use overweight to express “together to the future”, which is confidence, responsibility and responsibility.
