Last week, the A-share market adjusted significantly, and the Shanghai stock index fell below the integer mark of 3400 points and 3300 points in turn. At the same time, industrial capital, including major shareholders and executives, is bucking the trend and accelerating its entry – some companies are buying back a lot with real gold and silver, and many company executives or actual controllers have launched large share increase plans and run in with cash.
Warren Buffett once famously said: “fear when others are greedy, greed when others are afraid.” Now, when industrial capital enters against the trend, does it imply that A-Shares have entered the time of “greed”?
According to the statistics of the reporter of Shanghai Securities News, the amount of increased holdings in the A-share market has been increasing in recent three weeks. Last week (March 7-march 11), there were 27 listed companies increased by major shareholders, with a total increase of 50.489 million shares, with a total increase of 613 million yuan . The cumulative increase in holdings and the number of shares increased by 103% and 38% respectively compared with the previous week (February 28 – March 4), showing signs that industrial funds entered the market to sweep goods while taking advantage of the deep adjustment of the stock market.
At the same time, 54 listed companies have repurchased 595 million shares last week, with a cumulative repurchase amount of 8.41 billion yuan . The data showed that except that it was significantly lower than the previous week (February 28 – March 4), it was significantly higher than the other two weeks in February.
Behind the statistics, in the face of the continuous decline of a shares, a number of listed companies intensively launched plans to increase or buy back shares in large amounts.
If we lengthen our horizons, we can see that the number and amount of listed companies to be increased and repurchased in recent four weeks have increased significantly, and there has been a small climax week of “increased holdings and repurchases” of listed companies.
from the point of view of the shareholding increase plan , last week (March 7-march 11), 10 companies launched shareholding increase plans, which directly doubled compared with 5 in the previous week.
More notably, the reporter of Shanghai Securities News found that many companies increased their holdings immediately after the introduction of the increase plan.
For example, Haier Group, the actual controller of Haier Smart Home Co.Ltd(600690) , and Qingdao haichuangzhi Management Consulting Co., Ltd. (hereinafter referred to as “haichuangzhi”) launched an increase plan on March 9 on the basis of an increase of 6.4 million shares: Based on their confidence in the long-term development of China’s capital market and the business prospects of the company, haichuangzhi plans to continue to increase its A-share holdings in the company in the next six months, The cumulative increase amount shall not be less than 200 million yuan and not more than 350 million yuan.
Within 2 days after the launch of the plan, the company bought 5.3 million shares at a cost of 118 million yuan.
let’s look at the repurchase plan , 15 companies announced the repurchase plan last week, which is significantly higher than that in the previous three weeks (7, 2 and 11 respectively). The total amount of shares to be repurchased and the total number of shares to be repurchased reached 8.713 billion yuan and 206 million shares respectively, an increase of 275% and 377% respectively compared with the previous week.
Especially since March 10, well-known companies including Jiangsu Hengrui Medicine Co.Ltd(600276) , Midea Group Co.Ltd(000333) , Hengli Petrochemical Co.Ltd(600346) , Yonyou Network Technology Co.Ltd(600588) , Opple Lighting Co.Ltd(603515) , Eve Energy Co.Ltd(300014) and other well-known companies have launched large repurchase plans. On March 10 and 11, 4 and 6 disclosed repurchase plans respectively, and listed companies set off a “repurchase tide”.
For example, “yaomao” Jiangsu Hengrui Medicine Co.Ltd(600276) sold on March 13 and planned to buy back the company’s shares from the secondary market by means of centralized bidding transaction with a repurchase price of no more than 60.22 yuan / share, and the repurchased shares will be used for employee stock ownership plan or equity incentive.
Data source: choice
