Last week’s market review of the securities sector: last week (April 11, 2022 to April 17, 2022), the securities index continued to consolidate horizontally at a relatively low level, and the absolute value of the rise and fall remained relatively convergent. CITIC’s secondary industry index securities II fell 0.45% throughout the week, outperforming the CSI 300 index by 0.54 percentage points; Compared with 30 CITIC primary industry indexes, it ranked 9th, up 6 places month on month. Last week, the brokerage sector continued to fall more or less, but the rise and fall were improved compared with the month on month. Last week, the average p / b of securities companies was 1.34 times the highest and 1.30 times the lowest. The highest and lowest were lower year-on-year. As of the closing on April 15, 2022, the average p / b of securities companies is 1.34 times.
Industry highlights: 1 On April 11, 2022, CSRC, SASAC and all China Federation of industry and Commerce issued the notice on further supporting the healthy development of listed companies. 2. On April 15, 2022, the CSRC issued the guidelines for the management of investor relations of listed companies. 3. The person in charge of relevant departments of the CSRC answered reporters’ questions on “didi delisting from the United States”.
Key announcements of listed securities companies: 1 China Greatwall Securities Co.Ltd(002939) , Caida Securities Co.Ltd(600906) , Northeast Securities Co.Ltd(000686) issued the annual report of 2021.
\u3000\u30002. Citic Securities Company Limited(600030) released the first quarter performance express of 2022.
3 Shenwan Hongyuan Group Co.Ltd(000166) , China Industrial Securities Co.Ltd(601377) , Guoyuan Securities Company Limited(000728) release the record form of investor relations activities.
\u3000\u30004. China Galaxy Securities Co.Ltd(601881) , Hongta Securities Co.Ltd(601236) , China Greatwall Securities Co.Ltd(002939) , Caida Securities Co.Ltd(600906) , Huaan Securities Co.Ltd(600909) , Northeast Securities Co.Ltd(000686) issued the announcement of holding the 2021 performance explanation meeting.
\u3000\u30005. Orient Securities Company Limited(600958) issue the announcement of A-share allotment and the suggestive announcement of A-share suspension and resumption.
\u3000\u30006. Boc International (China) Co.Ltd(601696) issue the announcement of shareholders’ share reduction plan.
\u3000\u30007. Caitong Securities Co.Ltd(601108) issue the announcement on the issuance results of allotment.
\u3000\u30008. Zheshang Securities Co.Ltd(601878) , China Greatwall Securities Co.Ltd(002939) issued the announcement that the issuance of convertible bonds and non-public issuance of shares were approved by the CSRC.
\u3000\u30009. Guolian Securities Co.Ltd(601456) , Dongxing Securities Corporation Limited(601198) issued the announcement on the listing and circulation of non-public offering of restricted shares. 10. China Merchants Securities Co.Ltd(600999) , China Galaxy Securities Co.Ltd(601881) , Sinolink Securities Co.Ltd(600109) issue the announcement of completing the issuance of short-term financing bonds.
Investment suggestion: in a short period of time, the brokerage sector will still maintain the trend of shaking the bottom of the market, and the space for continuous upward repair is limited. It is expected that the brokerage sector will still focus on the structural market, and the scope and strength depend on the equity index and the overall performance of the sector. Risk tips: 1 The weakening of the equity and fixed income market environment led to the decline of the overall operating performance of the industry; 2. Market fluctuation risk; 3. The progress and strength of comprehensively deepening the reform of capital market are less than expected
