China Securities Journal ( zone )
VC / PE get together to “dominate” small market value listed companies
Since November, there has been a sudden increase in the number of cases of VC / PE Institutions “taking ownership” of listed companies. From the perspective of the operation objects of VC / PE Institutions, most of them are small market value companies with a market value of 2-2.5 billion yuan. Insiders believe that at present, there is equity pledge pressure on major shareholders of many listed companies, which gives VC / PE Institutions the opportunity to obtain the control of listed companies. However, for ordinary investors, blindly following the trend is not desirable. It is also necessary to consider the subsequent operating risks of listed companies, such as goodwill impairment, liquidity risk and so on.
non ferrous metals bucked the market and rose. Institutions are optimistic about precious metals
For the non-ferrous metal sector, analysts said that in the medium and long term, the gold sector has a strong attraction. First, the general trend of the slowdown of U.S. economic growth, the upside down phenomenon of U.S. debt maturity spread, the real interest rate has entered the downward channel, and gold is expected to enter the slow bull upward channel; Second, the market’s expectation of the decline in the number of fed interest rate increases is gradually taking shape.
the report card of listed insurance companies in November was released Ping An Insurance (Group) Company Of China Ltd(601318) the increase of original premium led
Recently, five A-share listed insurance companies disclosed the premium income in November 2018. According to the unaudited data, from January to November, Ping An Insurance (Group) Company Of China Ltd(601318) , China Life Insurance Company Limited(601628) , China Pacific Insurance (Group) Co.Ltd(601601) , The People’S Insurance Company (Group) Of China Limited(601319) and New China Life Insurance Company Ltd(601336) five insurance companies’ cumulative original premiums increased by 19.0%, 4.5%, 14.7%, 4.3% and 11.7% respectively year-on-year. Among them, Ping An Insurance (Group) Company Of China Ltd(601318) has the highest growth rate, leading among the five listed insurance companies. Some securities companies believe that the integration of newspaper and bank has been implemented since August this year, and the supervision of the cbcirc on the implementation of the integration of newspaper and bank will be strengthened. The increase of loss ratio + the decrease of expense ratio is the medium and long-term trend of deepening the reform of commercial fare. The double benefits (cost and tax rate) brought by the decrease of expense ratio can greatly improve the growth of net profit.
it is expected to improve the trend of power equipment sector
On Tuesday, the two cities made a weak correction, and the plates were mixed. In this context, the power equipment sector has shown strong toughness and attracted the attention of investors again. In view of the future market of the sector, analysts said that at present, the electric energy meter has gradually entered the replacement cycle, and the UHV project has begun to land. It is recommended to pay attention to the benefit targets of enhanced performance growth certainty or performance improvement, and the leading targets leading the intelligent and information upgrading of the power grid. In addition, it is recommended to continue to pay attention to the high-quality targets in the field of industrial control and low-voltage electrical appliances.
Shanghai Securities News (special area)
local governments have launched the “six stability” plan one after another. Infrastructure and energy have become the focus of investment
Recently, local governments have deployed to promote the work of “six stabilities” and issued specific work plans. Many places have deployed stable investment with great efforts. For example, Anhui has sorted out key stable investment projects with a total scale of 4.55 trillion yuan. The reporter found that infrastructure construction such as transportation, environmental protection and energy is still the focus of local stable investment.
a large number of shareholders of the company “buy” confidence
In the face of the irrational decline of the market, a group of major shareholders of listed companies bought shares in the secondary market, and many shareholders made commitments to increase their holdings that night. Six companies urgently convened the board of directors to launch the share repurchase plan, and many companies that had launched the repurchase plan in the early stage directly bought shares, Major shareholders and executives of listed companies use practical actions to convey confidence to the market.
more companies raised their forecast results in the third quarter than expected
Today, a number of A-share listed companies upward revised the forecast results of the first three quarters, and the number of companies with higher than expected growth is gradually increasing. There are Jiangsu Shagang Co.Ltd(002075) and Waihai shares that have significantly revised their performance expectations upward. Jiangsu Shagang Co.Ltd(002075) the estimated net profit range for the first three quarters was adjusted upward from 758 million yuan to 943 million yuan to 870 million yuan to 1054 million yuan, with an adjustment range of more than 100 million yuan, with a year-on-year growth range of 135% to 185%. As for the reasons for correcting the performance, Jiangsu Shagang Co.Ltd(002075) the announcement explained that in the third quarter of this year, the overall supply and demand of the steel industry was stable, the steel price continued to operate at a high level, the company’s sales revenue and product gross profit margin were better than expected, and the operating performance continued to grow.
at the end of the year, the “pressure mountain” real estate enterprises are busy with financing and debt repayment
According to statistics, as of October 10, the scale of bonds (credit bonds) issued by real estate enterprises had reached 405.055 billion yuan, far exceeding the scale of 331.268 billion yuan in 2017. Among them, from early September to October 10 this year, the bond issuance scale of real estate enterprises reached 56.435 billion yuan, which is accelerating.
Securities Times (special area)
the transaction of A-Shares continued to be depressed, and many companies spent a lot of money to “copy the bottom”?
The A-share market has been depressed recently. Does the deep adjustment of the secondary market mean investment opportunities? Recently, some A-share listed companies have decided to invest in securities with a large amount. Statistics show that by the end of the third quarter of this year, more than 140 listed companies had securities investment, with a total investment amount of more than 500 billion yuan.
8 provincial and municipal bidding for class II vaccine listing pharmaceutical enterprises are still big winners
Since the end of November, Jilin, Tianjin, Hubei, Hainan, Jiangxi, Guizhou, Guangxi and other eight provinces and cities have supplemented this year’s class II vaccine or invited tenders for next year’s class II vaccine. Since Tianjin took the lead in introducing the concept of price negotiation, in the recent bidding of class II vaccine, Hainan has conducted price negotiation, and Qinghai, Hubei and other places have conducted price negotiation. However, due to the particularity of the use of class II vaccine, the price of exclusive varieties basically does not change, and the price of competitive varieties may change.
since December, 10 billion funds have flowed into the head of the six ETFs, with remarkable gold absorption effect
Since December, trading open-end index funds (ETFs) have been favored by funds again, with capital inflows of 10 billion level. The scale of leading product SSE 50ETF has exceeded the 50 billion yuan mark. It is worth noting that the ability of ETF to attract funds reflects an obvious “head effect”. During this period, only Shanghai 50ETF fund has attracted more than 5 billion yuan of funds; The six largest funds received a total of more than 10 billion yuan.
Shandong Xinchao Energy Corporation Limited(600777) suspected to be involved in Delong tangwanxin contract dispute
On the evening of December 18, Shandong Xinchao Energy Corporation Limited(600777) announced that the company had received the response notice issued by the Beijing High Court, and the plaintiff Hengtian Zhongyan Investment Management Co., Ltd. applied for an additional company as the defendant in the case of its contract dispute with Beijing Zhenghe Xingye Investment Management Co., Ltd. and Tang Wanxin; The plaintiff requested that Zhenghe industrial pay a total of 677 million yuan of repurchase price and liquidated damages to Hengtian Zhongyan, and ordered Shandong Xinchao Energy Corporation Limited(600777) to bear joint and several liability for the debt. For the “lying gun” lawsuit, Shandong Xinchao Energy Corporation Limited(600777) said that it would immediately investigate the company’s external guarantee and hire professional lawyers to actively respond to the lawsuit.
Securities Daily (special area)
policy paving five long-term funds accelerated admission
In order to introduce new living water to a shares, since this year, the regulators have issued a package of policies to guide more incremental medium and long-term funds to enter the market, and accelerated the entry of foreign capital, insurance capital, pension, bank financial management and occupational pension into the market. Experts believe that these five long-term funds will still be an important source of incremental funds in the A-share market next year.
three reforms in the capital market are eye-catching this year. Next year, the establishment of the science and innovation board and the entry of bank financial management into the market will become the focus
Chen Li, director of Chuancai Securities Research Institute, said that the CSRC continued to deepen the reform of the issuance system and improved the system construction and scheme implementation from the aspects of capital market access, smooth operation and exit, reflecting the regulatory idea of the CSRC to encourage finance to return to its origin and improve the efficiency of the capital market. Looking forward to the reform and opening up of the capital market in 2019, Chen Li believes that the reform items worth looking forward to next year include: the establishment of the science and innovation board and the pilot of the registration system; Bank financial management entering the market, corresponding supporting facilities and supervision; The opening of financial services to the outside world, the entry of funds into the market by overseas institutions and the overseas business development of domestic institutions.
46 listed companies in xiong’an New Area anticipate 18 blue chip stock allocation opportunities in their annual reports and get institutional attention
Since December, the stock indexes of Shanghai and Shenzhen stock markets have shown a pattern of continuous shock consolidation, but the performance of xiong’an new area has been eye-catching during this period. Market participants generally believe that the A-share market is expected to go out of the bottom area and form a rebound opportunity. In this context, after the early correction of the concept stock price of xiong’an new area, the current sector valuation is at the bottom of history, the medium and long-term allocation value is prominent, and the performance growth of this year’s annual report exceeds the expected leading target or welcomes the cross year market, which is worthy of attention.
Dea General Aviation Holding Co.Ltd(002260) suspend listing and enter the “second reading” stage. There is still no clear debt restructuring plan at the end of the year
2018 is undoubtedly an eventful year for Dea General Aviation Holding Co.Ltd(002260) . Since the company’s bank loans were overdue in March, the domino effect has been rapidly fermented: many senior executives left one after another, major asset restructuring failed, performance losses, the company and senior executives were publicly condemned, major bank accounts were frozen, and litigation followed. It is worth noting that the net assets audited by the accounting firm in Dea General Aviation Holding Co.Ltd(002260) 2017 were negative, and the net assets of the company were – 224 million yuan by the end of September 2018. If Dea General Aviation Holding Co.Ltd(002260) net assets cannot be confirmed before the end of 2018, the company will face the risk of suspension of listing.
