Before the new year’s Day holiday is over, good news has come from the A-share market: the time for the division of A-shares by the three major telecom operators is finally set!
On the 3rd, China Mobile disclosed the announcement on the IPO of RMB common shares (A shares). The listing of the company’s A-Shares has been approved by the “self regulatory decision [2022] No. 1” of Shanghai Stock Exchange. The listing place is Shanghai Stock Exchange, the securities are referred to as “China Mobile”, the securities code is “600941”, and the listing time is on January 5, 2022.
Source: China mobile announcement
According to the announcement, before the exercise of the over allotment option of this A-share issuance, China Mobile issued 845.7 million A-shares, accounting for 3.97% of the total issued shares of the company after the completion of this issuance; If the over allotment option is fully exercised, the number of A-Shares issued this time will be 97255.5 million, accounting for 4.53% of the total issued shares of the company after the completion of this issuance. The P / E ratio of issuance is 12.02 times; The issue price is 57.58 yuan / share .
In terms of fund-raising, without considering the over allotment option of this A-share issuance, the total amount of funds raised in this issuance is 48.695 billion yuan; If the over allotment option is exercised in full, will raise a total of 56 billion yuan , becoming the largest IPO of A-Shares in recent 10 years.
However, on December 27, 2021, China Mobile disclosed the results of its initial public offering of shares. The abandonment amount of online investors was 743 million yuan, and the abandonment amount of offline investors was 12.7049 million yuan, with a total abandonment amount of 756 million yuan, setting a new record of abandonment of a shares.
In terms of financial data, China Mobile predicts that the operating revenue in 2021 will be about 844.877 billion yuan to 852.558 billion yuan, with a year-on-year increase of about 10% to 11%; The net profit attributable to the shareholders of the parent company was about 114.307 billion yuan to 116.464 billion yuan, with a year-on-year increase of about 6% to 8%.
It is worth noting that in 2021, many new shares broke one after another, and China Telecom Corporation Limited(601728) one of the three major telecom operators fell below the issue price of 4.53 yuan after returning to the full moon of a shares.
Will China Mobile have the risk of breaking? In this regard, Shenwan Hongyuan Group Co.Ltd(000166) believes that China Telecom Corporation Limited(601728) did not break in the first month of listing under the escort of “green shoes”, but broke for the first time in the day after the expiration of the green shoes mechanism, and the stock price continued to fluctuate at a low level thereafter. Considering that the PE (price earnings ratio) issued by China Mobile is about 12 times, which is lower than China Telecom Corporation Limited(601728) , and China Mobile ranks first among the three major operators, it is expected that its post IPO break risk is less than China Telecom Corporation Limited(601728) .
(Zhongxin Jingwei)
