The pressure of lifting the ban on the A-share market this week has been magnified compared with the previous three weeks. At the same time, due to the epidemic situation in China and other factors, the market fluctuated and fell.
Judging from the current market value, the pressure of lifting the ban on A-Shares next week is still small , 98 companies have been lifted, and the market value of lifting the ban is only 52.907 billion yuan, nearly 50 billion less than the scale of lifting the ban this week.
According to the data, 17 companies will be lifted next week, accounting for more than 10% of the total share capital, of which 3 are science and Innovation Board companies, namely Rayitek Hi-Tech Film Company Ltd.Shenzhen(688323) , Shenzhen Sine Electric Co.Ltd(688395) and Frontier Biotechnologies Inc(688221) The largest proportion of ban lifting is China Master Logistics Co.Ltd(603967) , ban lifting proportion is 65.01%, and the market value of ban lifting is 2.261 billion yuan; GEM companies Lakala Payment Co.Ltd(300773) followed closely, with the lifting proportion of 46.55% and the lifting market value of 6.856 billion yuan.
in addition, securities companies Caitong Securities Co.Ltd(601108) will complete the allotment next week. The allotment plan is 10 to 3, and the allotment price is 6.8 yuan / share. After the allotment is completed, the market value of about 8.153 billion will be released
Since the beginning of this year, a number of securities companies have been allotting shares. At the end of January, Citic Securities Company Limited(600030) a shares were allotted, raising a total of 22.396 billion yuan, setting a new high in the scale of allotment financing in the securities industry. In April, Orient Securities Company Limited(600958) also announced its share allotment plan. The trading of shares was suspended from April 21 to 28, and the proposed fund-raising was no more than 14.333 billion yuan. On April 18, China Industrial Securities Co.Ltd(601377) allotment application was approved by the CSRC, and the fund-raising scale is planned to be no more than 14 billion yuan.
Soochow Securities Co.Ltd(601555) released the Research Report and believed that a series of policies to promote the construction of securities companies and capital markets have been issued one after another, which is good for ficc, wealth management and the industrial chain of large investment banks. In addition, the fundamental and policy aspects of securities companies are in great contrast to the valuation. The profits of securities companies continue to reach a new high, and the relative roe is close to the level of the previous bull market (20152016), but their valuation is still at the bottom 1 / 4 of the historical valuation. Therefore, they are optimistic about the long-term allocation value of securities companies.
another listed company Norinco International Cooperation Ltd(000065) will also be allotted shares, which is also 10 allotted to 3. The allotment price is 5.16 yuan / share, which will release the market value of 1.669 billion yuan
It is worth mentioning that last month’s quadruple Bull Stock Zhejiang Construction Investment Group Co.Ltd(002761) will be lifted in a large amount next Monday. The proportion of this lifting is 23.05%, and the market value of the lifting is 5.179 billion yuan. The shareholders were ICBC Financial Asset Investment Co., Ltd. and China Cinda Asset Management Co., Ltd. at that time, the additional issue price was 8.69 yuan / share. Even if calculated according to the limit price next Monday, the two placing institutions could still obtain more than 100% income
Judging from the stock price trend, the market seems to have responded in advance to the lifting of the ban. At present, the Zhejiang Construction Investment Group Co.Ltd(002761) stock price has retreated 50% from the previous high of 41.44 yuan / share.
In terms of market conditions this year, steady growth and undervaluation have been the main line in the first and second quarters. Among them, is the market of infrastructure stocks over or there are still aftershocks?
Zheshang Securities Co.Ltd(601878) believes that as of April 18, the investment amount of major projects disclosed by comparable provinces in 2022 has increased by 23.8% year-on-year. At present, the “two new and one heavy” is expected to become an important starting point for local investment, including the construction of new infrastructure, the construction of new urbanization, the construction of major projects such as transportation and water conservancy. The logic of steady growth and infrastructure construction is further strengthened. It is suggested to actively layout undervalued construction central enterprises.
For 22q1, the amount of newly signed contracts for ‘s China Railway Construction Corporation Limited(601186) 0.0%.
