Since March, A-Shares have shown a continuous downward trend. In this regard, Tian Lihui, President of the Financial Development Research Institute of Nankai University, said in an interview with the Securities Daily that the reasons for the continuous shock of A-Shares are poor market expectations, increased risk premium and the transmission effect of overseas markets.
In the face of market fluctuations, many listed companies have taken positive actions to boost market confidence by repurchasing and increasing their holdings of shares, publishing employee stock ownership plans and publishing business data.
Qin Ruohan, general manager of Jinhua fund, told the Securities Daily that after the recent adjustment, the average p / E ratio of A-Shares has fallen into a more reasonable range of long historical cycle. Some excellent blue chips and growth stocks have demonstrated their investment value and are optimistic about the “falling opportunities” of a shares.
listed companies offer “protection”
On March 16, a number of listed companies announced the repurchase of shares. The increase of senior executives’ holdings has also increased significantly. Recently, dozens of companies such as Healthcare Co.Ltd(603313) , China Building Material Test & Certification Group Co.Ltd(603060) , Jason Furniture (Hangzhou) Co.Ltd(603816) and so on have disclosed their holdings increase announcements one after another. In addition, in order to fully mobilize the enthusiasm of employees, more than 40 listed companies have issued employee stock ownership plans since 2022.
Chongqing Zhifei Biological Products Co.Ltd(300122) march 14 announced that Jiang Rensheng, the controlling shareholder of the company, reduced his holdings of 28.78 million non tradable shares of the company through block trading and transferred them to the company’s employee stock ownership plan. According to the data of the block trading platform, the average transaction price of Jiang Rensheng’s reduction of shares was 100 yuan / share, and the number of participants in the employee stock ownership plan reached 2000. It is worth noting that according to the closing price of 125.24 yuan / share as of March 15, the total floating profit of 2000 employees is about 726 million yuan.
“The fluctuation of the capital market is affected by many aspects. Once the stock price deviates from its true value, as a listed company, it will certainly take actions that are most beneficial to shareholders, such as repurchase and increase of holdings at the first time. This is a good thing, which shows that listed companies are optimistic about the future development of enterprises.” Huang Weihong, general manager of derivatives of the capital Department of the head office of Daxin Bank (China), said.
listed companies “fancy” show strength
In addition to capital operation, listed companies have shown their “muscles” to convey the signal of “warm spring” by basking in their performance, actively interacting with investors and promoting the pace of capacity expansion.
On March 7, Kweichow Moutai Co.Ltd(600519) disclosed the main business data from January to February, showing a “good start”. After the monthly report card is released, many leading enterprises take the initiative. According to the reporter’s incomplete statistics, as of March 16, 64 listed companies in the A-share market disclosed the main business data from January to February.
The performance growth rate of many listed companies exceeded expectations Kweichow Moutai Co.Ltd(600519) disclosed data show that from January to February, the company’s revenue and net profit increased by about 20% year-on-year, far exceeding the company’s performance growth in the same period in recent three years.
In addition, investor research minutes also send a positive signal to the market.
Changzhou Xingyu Automotive Lighting Systems Co.Ltd(601799) said that the current operation is normal, and it is better from the production and sales from January to February 2022. In 2021, the company undertook new project orders of about 13.5 billion yuan. These projects are expected to gradually enter the state of mass production by the end of 2022 and 2023, and begin to contribute revenue and profits.
Beijing Wantai Biological Pharmacy Enterprise Co.Ltd(603392) said that the company would pay close attention to the demand outside China in time and arrange the expansion of bivalent HPV vaccine production according to the market demand, so as to ensure the market supply and protect the rights and interests of consumers. At the same time, the company has the potential to expand production capacity Eastroc Beverage (Group) Co.Ltd(605499) said that from the current production capacity, the group has a production capacity of 2.36 million tons in 2021, and will add production lines in the existing production base in 2022, with a total production capacity of about 3.2 million tons, so as to meet the rapid growth demand of the group.
Many institutional analysts believe that to boost market confidence, we also need to vigorously support mergers and acquisitions, and effectively improve the quality of listed companies through asset integration, injecting high-quality assets and accelerating transformation and upgrading.
Huang Weihong said that M & A is a way of survival of the fittest in the capital market. Eliminate some unsuitable enterprises through reorganization; With the help of M & A, some high-quality enterprises with core competitiveness can break out faster and produce a synergistic effect of 1 + 1 greater than 2, which is conducive to resource integration and improving the asset quality of listed companies.
