Towards the end of the year, the organization accelerated warehouse adjustment. Brokerage stocks have always been regarded as a market vane. From the recent operation of institutions on brokerage stocks, the long and short differences have increased for the next stage of market.
The recent trend of block trading platforms shows that many brokerage stocks are frequently traded at “big price cuts”.
For example, on December 21, 2021, Citic Securities Company Limited(600030) had a block transaction, with a total transaction of 1033700 shares, a transaction amount of 24.0852 million yuan and a transaction price of 23.30 yuan. On the same day, the stock closed at 26.11 yuan, up 0.89%, with a turnover of 1.386 billion yuan; The transaction amount of block trading accounted for 1.74% of the transaction amount of the stock on that day, with a discount of 10.76%.
As of yesterday’s close, Citic Securities Company Limited(600030) shares have fallen by 11.8% this year (no resumption of rights). At present, the price to book ratio is 1.74 times, which is in the historical undervalued range. Further statistics show that, in addition to the above transactions, three block transactions have occurred in Citic Securities Company Limited(600030) since the fourth quarter, with a total transaction amount of 36.852 million yuan. Among them, a block transaction occurred on Citic Securities Company Limited(600030) October 21, with a total turnover of 260000 shares, a turnover of 5.85 million yuan, a transaction price of 22.50 yuan and a discount of 10.57%.
On December 22, Wenfeng Great World Chain Development Corporation(601010) announced that the company planned to sell its Tianfeng Securities Co.Ltd(601162) shares at an opportunity.
Wenfeng Great World Chain Development Corporation(601010) said that the Tianfeng Securities Co.Ltd(601162) non-public offering shares subscribed by the company in April 2021 had been lifted on October 29, 2021. At present, the company holds 122 million Tianfeng Securities Co.Ltd(601162) unlimited tradable shares. The board of directors agrees to authorize the management of the company to reduce all Tianfeng Securities Co.Ltd(601162) shares held by the company, and the authorization period is within 12 months from the date of deliberation and approval by the board of directors.
Discount block trading reflects the attitude of big capital, which will put pressure on the rise of stock price to a certain extent.
However, the 10 billion private placement of Shanghai ningquan Asset Management Co., Ltd. has swept up brokerage stocks this year.
According to the latest data, on December 16, Shanghai ningquan Asset Management Co., Ltd. increased its holdings of Guolian Securities Co.Ltd(601456) 3.05 million shares at a price of HK $4.2 per share, with a total amount of HK $12.81 million. After the increase, the latest number of holdings was 23987500 shares, and the latest shareholding ratio was 5.42%.
Since this year, ningquan assets has loved H shares of securities companies. On November 4, ningquan assets increased its holdings of 370000 Orient Securities Company Limited(600958) H shares at a cost of about HK $2.26 million. Since this year, ningquan assets has successively purchased H shares such as Orient Securities Company Limited(600958) , Central China Securities Co.Ltd(601375) , Guotai Junan Securities Co.Ltd(601211) securities and China Securities Co.Ltd(601066) securities.
More than private placement, northbound funds have continued to sweep the non bank financial sector recently. As of December 22, northbound funds had net purchased 1.57 billion yuan of non bank financial sector in a week, ranking first among 31 Shenwan industries. Monthly net purchase of non bank financial sector was RMB 18.028 billion, also ranking first in net purchase.
Shenwan Hongyuan Group Co.Ltd(000166) the latest research report said that under the background of the comprehensive registration system, the large investment banking business of securities companies will be significantly boosted, and the general trend of wealth management will give more growth to the securities sector. “Large investment banking” and “large asset management” will become the two main lines of investment in the securities sector.
Huaxi Securities Co.Ltd(002926) believes that the brokerage sector is still in the policy dividend window period, the frequency of plate changes shows an intensive trend, and long-term investors can layout on the left. The brokerage sector has a strong beta attribute, so the liquidity, transaction activity and market sentiment of the A-share market will be magnified on the market of the sector.
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(Shanghai Securities News)
