On the morning of January 5, the most eye-catching A-share was the listing of China Mobile. In the morning, China Mobile rose 3.8% to 59.77 yuan, with a turnover of 10.95 billion yuan, ranking first in the morning A-share turnover.
However, the new energy track continued to weaken, Contemporary Amperex Technology Co.Limited(300750) fell by more than 4% and Byd Company Limited(002594) fell by more than 6%; Last year, banks, insurance and real estate, known as the “three fools” of a shares, were active, China Vanke Co.Ltd(000002) rose 4.34%, Ping An Insurance (Group) Company Of China Ltd(601318) rose 1.92%, China Merchants Bank Co.Ltd(600036) rose 1.72%. In addition, Gree Electric Appliances Inc.Of Zhuhai(000651) rose more than 5%.
As of midday closing, the Shanghai index fell 0.81%, the Shenzhen composite index fell 1.57% and the gem index fell 2.77%. In terms of northbound funds, the Shanghai Stock connect had a net inflow of 2.207 billion yuan and the Shenzhen Stock connect had a net outflow of 1.082 billion yuan
China Mobile unveiled A-Shares
half day turnover of more than 10 billion yuan
On January 5, China Mobile landed on the Shanghai Stock Exchange and opened up more than 9%. After that, the stock price fell rapidly, reaching a minimum of 58.11 yuan, approaching the company’s issue price of 57.58 yuan. In the morning, China Mobile rose 3.8% to 59.77 yuan, with a turnover of 10.95 billion yuan.
After China Mobile returns to a shares, whether the share price will break is the focus of the market. On August 20, 2021, China Telecom Corporation Limited(601728) rose 34.88% on the first day of listing, and then the stock price fell all the way and was broken.
Shenwan Hongyuan Group Co.Ltd(000166) believes that the listing breaking risk of China Mobile is less than China Telecom Corporation Limited(601728) . Under the escort of “green shoes”, China Telecom Corporation Limited(601728) did not break in the first month of listing, but it broke for the first time in the day after the expiration of the green shoe mechanism, and the stock price continued to fluctuate at a low level thereafter. Considering that China Mobile’s expected issuance PE based on the net fund-raising of the application draft is about 12 times, 40% lower than the initial PE of China Telecom Corporation Limited(601728) , and China Mobile ranks first among the three major operators, it is expected that its post listing break risk is less than China Telecom Corporation Limited(601728) .
Some institutions are optimistic about the sustainable growth of telecom operators. Boc International (China) Co.Ltd(601696) said that at the current stage, the inflection point of operators is clear. Under the favorable policies of optimizing the industry competitive environment and high-quality growth, the valuation of telecom operators may enter the repair period.
It is worth noting that when Hong Kong shares closed on January 4, 2022, China Mobile announced that after the exercise period of over allotment option for RMB share issuance expires on February 7, 2022, it plans to repurchase Hong Kong shares, and the number of repurchases shall not exceed 10% of the number of Hong Kong shares issued. Moreover, the repurchased Hong Kong shares will be deemed to be cancelled at the time of repurchase. As of noon, China Mobile Hong Kong shares rose 5.52% to HK $50.65/share.
new energy track suffers another setback
This morning, the new energy track continued to adjust, and the representative leading stocks in the track fell sharply, Byd Company Limited(002594) , Contemporary Amperex Technology Co.Limited(300750) , Tianqi Lithium Corporation(002466) and so on. On the Internet, the investors of heavy positions in the new energy track have no choice but to say: “the outlook for 2022 has not been written, they begin to think about returning to their capital.”
Tibet Summit Resources Co.Ltd(600338) fell 5.64%. The company released the performance forecast of the annual report of 2021 yesterday. It is expected that the net profit attributable to the shareholders of the listed company will be RMB 700 million to RMB 900 million in 2021, with a year-on-year increase of 2188.76% to 2842.69%.
Spot prices have risen all the way, but lithium resource stocks continue to callback, which is puzzling to many investors.
On January 4, according to the data released by Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) , battery grade lithium carbonate increased by 10000 yuan / ton, the average price was 290000 yuan / ton, and the highest quotation exceeded 300000 yuan / ton. According to the data of business agency, the price of lithium carbonate also soared to 266000 yuan / ton on January 3, both reaching an all-time high.
Underestimated blue chips such as China Vanke Co.Ltd(000002) rose against the market
This morning, many undervalued blue chips bucked the market and strengthened, China Vanke Co.Ltd(000002) , Gree Electric Appliances Inc.Of Zhuhai(000651) , Ping An Bank Co.Ltd(000001) and so on.
In addition, the banking sector continued to rise in the morning, with Industrial Bank Co.Ltd(601166) rising more than 5%.
China International Capital Corporation Limited(601995) recently said that it is optimistic about the performance of bank stocks in 2022. Since 2018, the compression of industry valuation is expected to be repaired. After experiencing “poverty, think of change”, high-quality banks have released their potential and ushered in the opportunity of “turning the tide around”. In terms of rhythm, pay attention to the market opportunities brought by policy signals and economic data.
Sealand Securities Co.Ltd(000750) said that with the opening of the easing cycle, the overall recovery opportunity of undervalued blue chips deserves attention, and bargain hunting can be considered for appropriate allocation.
(China Securities Journal)
