On January 5, the Shanghai and Shenzhen stock index fluctuated downward all day, and the Shanghai stock index lost another 3600 mark, closing down 1.02% to 3595.18 points, and the gem index fell 2.73%. The banking sector bucked the trend and rose. As of the close, 37 stocks in the sector were red, Industrial Bank Co.Ltd(601166) rose 4.91%, and Bank Of Chengdu Co.Ltd(601838) , Postal Savings Bank Of China Co.Ltd(601658) rose more than 3%. Bank Of Ningbo Co.Ltd(002142) , Ping An Bank Co.Ltd(000001) , China Construction Bank Corporation(601939) followed.
Screenshot source: East Money Information Co.Ltd(300059)
In terms of capital flow, the net inflow of main funds into bank shares was 3.143 billion yuan, and Industrial Bank Co.Ltd(601166) , Ping An Bank Co.Ltd(000001) , China Merchants Bank Co.Ltd(600036) were net purchases of main funds of 878 million yuan, 671 million yuan and 438 million yuan respectively.
The reporter noted that recently, the management of many banks increased their holdings of their own bank stocks. At the same time, the research enthusiasm of institutions for banks at the market level has also increased significantly. China Merchants Securities Co.Ltd(600999) Liao Zhiming, chief analyst of banking industry, pointed out in the research report that the performance of bank stocks last year was greatly affected by the expectation of economic downturn and the crisis of individual real estate enterprises. The financial data in January and the strength of policies before the Spring Festival have become the key in the short term.
Recently, the management of many banks increased their holdings
The reporter noted that recently, the management of many banks increased their bank shares. On January 4, China Zheshang Bank Co.Ltd(601916) announced that President Zhang Rongsen increased his holdings of 284100 A-Shares of the company at a price of 3.52 yuan / share, with an increase of 1 million yuan.
A few days ago, Bank Of Chongqing Co.Ltd(601963) announced the completion of the measures to stabilize the stock price at the end of 2021. It is understood that there are 12 directors and senior executives of the bank who need to perform the obligation of stabilizing the stock price, with a total increase of 85400 shares of the bank, with a cumulative increase of 775600 yuan; Chongqing Yufu, the largest shareholder, increased its holdings of 2.937655 million shares of the bank, with a cumulative increase of 25.8666 million yuan.
In addition, Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) also disclosed the announcement on the plan to stabilize the stock price on the same day. Since the closing price of the company's shares for 20 consecutive trading days from November 24, 2021 to December 21, 2021 is lower than the net assets per share audited and adjusted in the latest period, reaching the starting conditions for triggering measures to stabilize the stock price, the bank plans to perform the obligation of stabilizing the stock price by increasing the shares held by the directors (excluding independent directors) and senior executives who receive remuneration in the company, The increase amount shall not be less than 25% of the after tax income received from the company in the previous year, that is, the total increase amount shall not be less than 1736100 yuan.
This is also the second time that Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) triggered the stock price stability maintenance mechanism last year. During the implementation period of the increase from April to November, the relevant increase subjects increased their holdings of 606200 shares of the bank, with a cumulative increase of RMB 2213400.
The management and shareholders frequently support the market, which also shows the confidence of relevant subjects in the company's future development prospects and recognition of growth value. From the market level, the research enthusiasm of investment institutions for banks has also increased significantly.
Wind shows that 20 A-share listed banks were investigated more than 200 times in 2021. Compared with about 100 times of 14 banks in 2020, the number of research institutions and the number of research banks increased significantly during the year. There are many star fund managers. For example, in November last year, more than 80 fund companies came to Bank Of Ningbo Co.Ltd(002142) for research. On November 10, Zhang Kun, the "first brother of public offering" e fund, participated in the video conference of Bank Of Ningbo Co.Ltd(002142) . On November 16, Zhang Kun investigated Bank Of Ningbo Co.Ltd(002142) again.
Institutions are optimistic about the layout window of bank stocks in January
In the past 2021, the banking sector rose and fell, and the valuation was at a historical and market low. As of January 5, 2022, more than 80% of the 41 bank stocks of A-Shares have "broken the net".
China Merchants Securities Co.Ltd(600999) Liao Zhiming, chief analyst of banking industry, pointed out in the research report that the performance of banking stocks in 2021 was greatly affected by the expectation of economic downturn and the crisis of individual real estate enterprises. The central economic work conference held in mid December 2021 proposed that "all regions and departments should shoulder the responsibility of stabilizing the macro economy, actively launch policies conducive to economic stability, and the policy force should be appropriately advanced." The focus of the policy shifted to steady growth. Although the market recognized the policy shift, the worrying effect was limited, and the expectation of economic downturn was still strong, which suppressed the performance of bank stocks.
In Liao Zhiming's view, the financial data in January and the strength of policies before the Spring Festival have become the key to the short term. "In the past, at the beginning of the policy shift, the market often worried about the effect of the policy adjustment. Because the rise of the bank stock market is usually not very high and rises rapidly, it is difficult to layout on the right. The stock price reflects the expected change. When the economic effect is reflected, the bank stock may have risen significantly." Liao Zhiming believes that January is a better time window on the left, and continues to take a clear-cut stand in recommending the banking sector.
Everbright Securities Company Limited(601788) Wang Yifeng, chief analyst of banking industry, pointed out in the research report that the performance of bank stock prices in 2022 can be moderately optimistic. "From the performance of the banking sector in recent five years, in addition to the abnormal impact of the epidemic in 2020, the growth of the banking sector in the first quarter / January of 2017-2019 and 2021 were 4.0% / 4.5%, - 2.1% / 12.5%, 4.0% / 8.2% and 11.9% / 7.5% respectively. Among them, the growth of the banking sector in January ranked among the top five sectors, outperforming the CSI 300 index by 2.1, 6.4, 1.9 and 2.8pct respectively, with a better relative income performance OK. "
In addition, judging from Bank Of Chengdu Co.Ltd(601838) which was the first one to announce the performance forecast for 2021, its preliminary calculated performance is bright. The bank expects that the net profit attributable to shareholders of Listed Companies in 2021 will increase by 1.085 billion yuan to 1.507 billion yuan compared with the same period of last year, with a year-on-year increase of 18% ~ 25%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses will increase by 1.090 billion yuan to 1.512 billion yuan compared with the same period of last year, with a year-on-year increase of 18% ~ 25%. The performance growth significantly exceeds its performance growth in 2020.
(Daily Economic News)
