For small and medium-sized securities companies, should they hold shares for the new year? Some shareholders are divided.
On December 22, the listed company Wenfeng Great World Chain Development Corporation(601010) said that it would take the opportunity to reduce 122 million shares of Tianfeng Securities Co.Ltd(601162) shares, recover investment funds and prevent risks caused by market uncertainties.
Some reduce their holdings and some increase their holdings. On December 20, the Hong Kong Stock Exchange disclosed that Shanghai ningquan assets, a 10 billion private placement institution, increased its holdings of Guolian Securities Co.Ltd(601456) 3.05 million H shares on December 16, with an amount of HK $12.81 million.
insiders believe that recently, the tone of relevant national meetings and the measures of reducing reserve requirements and interest rates have made the transaction in the A-share market active. Coupled with the traditional “year-end effect”, the repair trend of securities companies’ stock prices with low valuation is expected to start. Therefore, some institutions choose to increase their holdings, while the reduction may be related listed companies, which need to reduce their holdings and cash out in their own financial planning.
Tianfeng Securities Co.Ltd(601162) proposed reduction of fixed increase shareholders
An announcement of Wenfeng Great World Chain Development Corporation(601010) known as “Xu Xiang concept stock” once again scared off the rising trend of Tianfeng Securities Co.Ltd(601162) share price.
On December 22, Wenfeng Great World Chain Development Corporation(601010) announced that it planned to sell its Tianfeng Securities Co.Ltd(601162) shares at an opportunity, and it currently holds Tianfeng Securities Co.Ltd(601162) 122 million shares.
According to the announcement, Wenfeng Great World Chain Development Corporation(601010) the board of directors agreed to authorize the management of the company to reduce all Tianfeng Securities Co.Ltd(601162) shares held by the company according to the market environment, stock market and company funds through centralized bidding trading or block trading on Shanghai Stock Exchange, and the authorization period is within 12 months from the date of deliberation and approval by the board of directors.
where does Wenfeng Great World Chain Development Corporation(601010) stock held by Tianfeng Securities Co.Ltd(601162) engaged in department store retail come from? The reporter noted that Wenfeng Great World Chain Development Corporation(601010) participated in the large-scale fixed increase of about 8.2 billion yuan in Tianfeng Securities Co.Ltd(601162) in April this year, Wenfeng Great World Chain Development Corporation(601010) subscribed 122 million shares at a cost of 4.09 yuan / share, ranking fifth among the 15 fixed increase units, accounting for 1.41% of the total share capital.
According to the announcement, the ban on Wenfeng Great World Chain Development Corporation(601010) participating in the subscription of Tianfeng Securities Co.Ltd(601162) non-public offering shares was lifted on October 29, and the 122 million shares currently held are non tradable shares.
Wenfeng Great World Chain Development Corporation(601010) believes that this asset disposal can recover investment funds, prevent risks caused by market uncertainties, and help optimize the company’s asset structure and increase liquidity.
However, Wenfeng Great World Chain Development Corporation(601010) said that in view of the large fluctuation of stock prices in the securities market and considering various factors, there is great uncertainty in the specific income situation.
it is worth mentioning that since this year, except for a few securities companies that are considered to be good at wealth management, the stock prices of other securities companies have basically fallen this year.
In the face of the falling share price, Tianfeng Securities Co.Ltd(601162) has also taken share repurchase measures this year. On December 1, Tianfeng Securities Co.Ltd(601162) announced that by the end of November, the company had repurchased 36.3 million a shares, with a total investment of 141 million yuan.
Under many good news such as share repurchase, Tianfeng Securities Co.Ltd(601162) share price rose from 4 yuan / share on December 1 to 4.25 yuan / share on December 21. On December 22, Tianfeng Securities Co.Ltd(601162) closed at 4.05 yuan / share, down 1.94% again. Since the beginning of the year, Tianfeng Securities Co.Ltd(601162) has fallen by 33.53%.
It is worth noting that if calculated at Tianfeng Securities Co.Ltd(601162) 4.05 yuan / share on December 22, the price cost of participating in the fixed increase in April this year is 4.09 yuan / share, and the two are upside down, Wenfeng Great World Chain Development Corporation(601010) we still need to wait for an appropriate time to obtain positive investment income.
10 billion private placement Holdings Guolian Securities Co.Ltd(601456)
i pick up what others discard. Before Wenfeng Great World Chain Development Corporation(601010) released the proposed opportunity to reduce Tianfeng Securities Co.Ltd(601162) , a 10 billion private placement institution focused on brokerage stocks.
on December 20, the Hong Kong Stock Exchange disclosed that Shanghai ningquan Asset Management Co., Ltd. (hereinafter referred to as “ningquan assets”) increased its holdings of Guolian Securities Co.Ltd(601456) 3.05 million H shares on December 16, with a total amount of about HK $12.81 million. This is also the first time that Guolian Securities Co.Ltd(601456) has been increased by institutions in the Hong Kong Stock Exchange since December last year.
On December 22, Guolian Securities Co.Ltd(601456) H shares closed at HK $4.18/share, down 0.24%, and Guolian Securities Co.Ltd(601456) H shares have risen 11.29% this year; Guolian Securities Co.Ltd(601456) A-Shares closed at 13.83 yuan / share, down 1.78%. Since this year, Guolian Securities Co.Ltd(601456) A-Shares have fallen 34.63%.
After the increase, the latest number of holdings was 23987500 shares, and the proportion of ningquan asset holdings in the issued voting shares was 5.42%.
It is reported that ningquan asset was founded in January 2018 by Yang Dong, the former general manager of Xingquan fund. At present, Yang Dong is the executive director of ningquan asset.
Ningquan assets claimed that based on its deep research on the A-share and Hong Kong stock markets and its deep understanding of China’s securities market, through highly specialized and effective risk control, grasping the socio-economic and industrial development trend, it chose valuable stocks and realized considerable returns through long-term compound interest growth.
since 2021, in addition to Guolian Securities Co.Ltd(601456) , ningquan asset has been keen on brokerage stocks and has successively increased its holdings of Guotai Junan Securities Co.Ltd(601211) H shares, Central China Securities Co.Ltd(601375) H shares (i.e. Hong Kong stock Zhongzhou securities) and Orient Securities Company Limited(600958) H shares.
Industry insiders believe that the long-term benefits brought by the transformation of brokerage business to wealth management mode at the current stage will become the main performance growth point of the securities industry, and the prosperity of the securities industry will rise.
According to the data disclosed by the China Securities Association, 140 securities companies in the first three quarters of 2021 had total assets of 10.3 trillion yuan and achieved operating revenue of 366.36 billion yuan, a year-on-year increase of 7%; The net profit was 143.979 billion yuan, a year-on-year increase of 8.51%. In the first three quarters, 124 securities companies made profits, accounting for 89%.
Chen Fu, chief analyst of non banking industry, said that in the past two years, the overall performance of securities companies has been stable and increasing, especially the leading companies. With the continuous promotion of non speculation in housing, new regulations on asset management and deepening reform of the capital market, the investment and financing function of the A-share market has been continuously improved, the stability of the capital market has been continuously enhanced, the strength of institutional investors has been continuously expanded, and the non directional manipulation of securities companies’ heavy asset business has been continuously improved, which has brought great breakthroughs and improvements to the asset quality and profitability of securities companies.
Since 2019, focusing on the financing side reform and investment side reform, the deepening reform of the capital market has been continuously promoted. It has successively experienced a series of reforms such as the establishment of the science and innovation board, the reform of the gem, the establishment of the Beijing stock exchange, the expansion of institutional investors and high-level opening to the outside world. The road of high-quality development of the securities industry has been continuously clear.
However, Chen Fu believes that from the perspective of valuation level, whether PE method or Pb method, the current securities industry is at a low level, which does not really reflect the profound changes in the industry. With the light capital business moving from cyclical to growth, both the valuation level and valuation system of securities companies are expected to be reshaped.
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(brokerage China)
