Benefiting from the double growth of traditional business and innovative business, and the positive impact of the Winter Olympic Games on the telecommunications industry, the three major operators with long depressed stock prices are ushering in the return of valuation.
On February 9, China Mobile's A-share price opened slightly lower, fluctuated upward during the day, and closed at noon, with 123 million yuan of funds sealed the daily limit. As of the closing, it closed at 67.43 yuan / share, with a turnover of 3.334 billion yuan. This is the first time since China Mobile returned to the A-share market, and its share price reached a new high.
China Mobile A shares officially "took off their shoes" on February 8. In the two days of "taking off their shoes", its share price rose instead of falling, and its share price rose by 15.96% in the two trading days. At the same time, China Telecom Corporation Limited(601728) and China United Network Communications Limited(600050) were also sought after by funds. In the two trading days of February 8 and February 9, their A-share prices rose by 4.75% and 7.71% respectively.
Before that, the stock price performance of the three major operators was not optimistic.
On January 5, China Mobile officially landed in a shares, opened high and went low on the first day of listing, and then touched the issue price on several trading days; China Telecom Corporation Limited(601728) A shares broke shortly after the expiration of the "green shoe mechanism"; The share price of China United Network Communications Limited(600050) A shares hit a new low of nearly seven years on January 28, reaching 3.70 yuan / share.
But the new low may also mean new opportunities.
According to the latest data disclosed, on February 9, the net inflow of northbound funds was 4.512 billion yuan on the same day and 16.082 billion yuan on the same month. From the list of industries with increased capital holdings in the north, undervalued blue chips are favored.
The increase of major shareholders also provides a driving force for the rise of operators' share prices. On January 23, China Mobile announced that China Mobile Group plans to increase its A-share holdings during the period from January 21 to December 31 this year, with a cumulative increase of 3 billion yuan to 5 billion yuan. On January 27, China Telecom Corporation Limited(601728) announced that China Telecom Corporation Limited(601728) group plans to spend no less than 500 million yuan to increase its A-share shares within 12 months from January 28; Previously, on September 21, 2021, China Telecom Corporation Limited(601728) announced that China Telecom Corporation Limited(601728) Group Co., Ltd. planned to increase its holdings of shares within 12 months from September 22, 2021, with a proposed increase of no less than 4 billion yuan.
In addition, the official opening of the 2022 Beijing Winter Olympics also boosted the share prices of the three major operators.
At present, the three operators have been classified as "Winter Olympic concept stocks". In terms of China Mobile, Gu Ailing's endorsement has attracted investors' attention. At the same time, as the official rights holding broadcaster of Beijing 2022 Winter Olympic Games and the official partner of China ice and snow, China Mobile brought a full amount of ultra-high definition live broadcast during the Winter Olympic Games through its Migu video, mobaihe and video RBT; China United Network Communications Limited(600050) as the only official communication service partner of Beijing 2022 Winter Olympic Games and winter Paralympic Games, it undertakes the important task of ensuring the whole process communication service; China Telecom Corporation Limited(601728) also announced recently that it has completed the communication guarantee task of the opening ceremony of Beijing 2022 Winter Olympic Games with high quality.
Communications industry analyst Fu Liang told the Securities Daily reporters that the three major operators' stock price downturn was mainly due to the continuous large-scale listing and the overhang of the market downturn. "In the long run, 5G, cloud services, Internet of things, Internet plus and other new businesses will support the steady growth of the performance of three companies."
With the further development of cloud computing, Internet of things and other industries, 5g application scenarios will be expanded one after another, and the three operators will obtain obvious business increment, so as to further release the revenue space.
Pan Helin, executive director of the Digital Economy Research Institute of Central South University of economics and law, said, One belt, one road, the three largest carrier can rely on the A share market to expand its market coverage abroad, and to export China's communications services to all countries such as ASEAN and other countries, and to diversify the internal operation and expand the heavy application of 5G downstream, to help government and enterprises achieve digital transformation and improve the experience of consumer communication services.
Wang Zhengnan, a senior observer of telecom operator industry, told the Securities Daily that in the long run, the three operators will usher in favorable industrial transformation in 2022, and non-traditional businesses will achieve rapid growth. With the gradual realization of performance, the valuation of the three operators is expected to usher in reshaping.
