In the past 2021, Bank Of Ningbo Co.Ltd(002142) has conducted 448 institutional research, and well-known fund managers and overseas head long-term funds have participated in the research for many times. At the beginning of the new year, institutional enthusiasm for bank stocks continued. On January 4, more than ten foreign-funded institutions participated in the investor conference call of Bank Of Ningbo Co.Ltd(002142) , including point72, an investment institution on Wall Street.
The investigation of Bank Of Ningbo Co.Ltd(002142) by overseas asset management giants reflects their attention to A-share bank shares from one side. In addition to Bank Of Ningbo Co.Ltd(002142) , many bank stocks have been greatly increased by foreign capital since this year. In the view of a number of domestic and foreign-funded institutions, the current valuation of the banking sector has been at a historical low. With the gradual elimination of adverse factors, the banking stock market may be under catalysis.
intensive research on China and foreign capital Bank Of Ningbo Co.Ltd(002142)
At the beginning of 2022, foreign capital will carry out research on A-share listed companies without stopping. According to the data, on January 4, more than ten foreign institutions participated in the investor conference call of Bank Of Ningbo Co.Ltd(002142) , including asset management giants such as Schroeder and JPMorgan, as well as point72 of Wall Street investment institutions.
Steve Cohen, the founder of point72, is the prototype of Bobby, the financial giant in the American drama billions. Public information shows that Cohen’s fund is known as one of the most profitable funds in the United States, and the annualized yield of up to 30% in recent 20 years was once considered an investment legend. In fact, as early as November 10 last year, point72 participated in the investor conference call of Bank Of Ningbo Co.Ltd(002142) with global asset management giants such as fidelity, Abu Dhabi Investment Bureau and Allianz.
In the secondary market, foreign investors are also increasing their holdings of Bank Of Ningbo Co.Ltd(002142) . According to China stock market news choice, on January 6, Bank Of Ningbo Co.Ltd(002142) obtained an increase of 2.9157 million shares from Shenzhen Stock connect, and the company has obtained a total of 5.1355 million shares from Shenzhen Stock connect for three consecutive days.
In addition to foreign investment, domestic institutions are also very interested in Bank Of Ningbo Co.Ltd(002142) . On November 10 last year, Bank Of Ningbo Co.Ltd(002142) attracted the participation of more than 200 investment institutions, including e fund Zhang Kun and Wells Fargo fund Yang Dong. Subsequently, at the small research meeting on November 16, Zhang Kun appeared again.
the attention of bank stocks increased sharply
Since this year, with the continuous adjustment of the market, bank stocks have strengthened one after another, Postal Savings Bank Of China Co.Ltd(601658) , Industrial Bank Co.Ltd(601166) , Bank Of Chengdu Co.Ltd(601838) , Bank Of Jiangsu Co.Ltd(600919) all increased by more than 5% this year.
From the perspective of foreign shareholding, except for Bank Of Ningbo Co.Ltd(002142) , the shareholding ratio of northbound funds to several bank shares has increased significantly. According to the data of China stock market news choice, as of January 6, the number of shares held by northbound funds in Qilu Bank Co.Ltd(601665) increased to 2.82 million shares from 1.93 million at the end of last year, with an increase ratio of 46.24%; Over the same period, the shareholding ratio of northbound capital in Bank Of Chongqing Co.Ltd(601963) , Xiamen Bank Co.Ltd(601187) , Bank Of Qingdao Co.Ltd(002948) , Bank Of Guiyang Co.Ltd(601997) , China Construction Bank Corporation(601939) and Bank Of Suzhou Co.Ltd(002966) increased by more than 10%.
In fact, since last year, various institutions have carried out intensive research on bank stocks. According to the data of China stock market news choice, the total number of institutional surveys of Bank Of Ningbo Co.Ltd(002142) is 448, and the total number of institutional surveys of Bank Of Hangzhou Co.Ltd(600926) and Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) are 365 and 289 respectively. In addition, the total number of institutional investigations of Wuxi Rural Commercial Bank Co.Ltd(600908) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Bank Of Suzhou Co.Ltd(002966) , Bank Of Chongqing Co.Ltd(601963) also exceeded 100.
In 2021, the banking sector rose and fell, and the valuation was at a historical low. As of January 7, 2022, more than 80% of the 41 bank stocks of A-Shares have “broken the net”. In the banking investment strategy in 2022, many institutions believe that the external environment for bank stock investment is gradually improving, and the “spring” of bank stock may come.
A fund manager in Shanghai said that the current valuation level of bank stocks has fully reflected the pessimistic expectations of the market, and the factors that suppress the valuation of bank stocks have been significantly alleviated. With the gradual improvement of expectations, the banking sector will usher in valuation repair.
“In 2021, we saw some bank stocks appear in the top ten heavy positions of foreign investment. These value stocks have begun to become northward funds, that is, the direction of foreign investment.” Zhu Liang, investment director of LianBo China, said.
(source: Shanghai Securities News)
