“The biggest investment mistake is not participating in the innovation of Lanzhou bank!” A new investor said today.
Since the beginning of the year, the issuance of new shares has been cold, and many targets have fallen below the issuance price. However, Bank of Lanzhou soared today, exceeding market expectations.
On 17, Bank of Lanzhou officially landed in a shares, with amazing performance. After the opening of Bank of Lanzhou, the share price soared by 10%, triggering a temporary intraday stop. After the resumption of trading, there was a surge of buying, which was immediately sealed at the highest price of 5.14 yuan, up 43.98% in a single day.
It is noteworthy that due to the previous large market differences, some new investors and institutions gave up their subscription and did not enjoy this round of sharp rise.
the issuance of “broken net” Rose 44%
Bank of Lanzhou became the 42nd bank share of A-Shares and the first A-share listed bank in Gansu Province.
The issuing price of Bank of Lanzhou is 3.57 yuan / share, and the total amount of funds raised is 2.033 billion yuan. After deducting the issuance expenses, the net amount of funds raised is 1.968 billion yuan, which will be used to supplement the core Tier-1 capital, so as to support the continuous growth of business, improve the capital adequacy level, enhance the comprehensive competitiveness and enhance the shareholder value.
The issuing price of Bank of Lanzhou is lower than the net assets per share of 4.43 yuan before the issuance, and the corresponding P / E ratio in 2020 is 22.97 times. This is also the first bank stock issued by “broken net” in the market, which has aroused controversy in the market.
After the temporary suspension and resumption of trading, the share price of Bank of Lanzhou continued to soar, closing at 5.14 yuan with the highest increase on the first day of new shares, up 43.98%.
According to the notice of Shenzhen Stock Exchange on improving the trading mechanism on the first day of IPO listing, the effective declaration price of investors on the first day of IPO listing shall not be higher than 144% of the issuance price and not lower than 64% of the issuance price. The declaration exceeding the effective declaration price range is invalid.
“Today’s sharp rise is predictable. Even if it rises by 43.98% on the first day of listing, it is only repaired to near the net assets per share. In the future, we need to continue to pay attention to the latest trends of Bank of Lanzhou’s revenue and non-performing assets. If the data continue to perform well, the company’s share price will have a rising performance.” An investment banker said.
Dong ximiao, chief researcher of Zhaolian consumer finance, believes that there are three reasons for the sharp rise of Bank of Lanzhou on the first day: first, the asset scale of Bank of Lanzhou exceeds 400 billion yuan, which is the largest urban commercial bank in Northwest China and has a comparative advantage; Second, since 2021, the performance of Lanzhou bank has improved significantly and the asset quality is stable, laying the foundation for long-term development; Third, the issuing price of Bank of Lanzhou is relatively reasonable, has investment value and is recognized by investors.
Dong ximiao said that through public listing, small and medium-sized banks enhance their capital strength and improve their governance level, which will help them improve their development stability and better serve the real economy. In 2022, the financial management department should strengthen its efforts to support the listing of more high-quality small and medium-sized banks. It is expected that the total number of listed banks in China will exceed 60.
regional advantages are obvious, and the performance is expected to increase significantly
It is understood that bank of Lanzhou was established in 1997. After years of development, it has become a regional urban commercial bank with a certain scale, stable operation and standardized governance.
Gansu Province is located in Northwest China. It is an important channel connecting the Central Plains and border areas, central and Western Asia and even Europe. It is an important strategic platform for opening to the west, a regional trade and logistics center and an industrial cooperation demonstration base on the Silk Road Economic Belt.
As an urban commercial bank rooted in Gansu Province, Lanzhou bank’s basic customers, network channels and other important resources are mainly concentrated in Lanzhou and surrounding areas.
The data show that the rapid development of all businesses of Bank of Lanzhou benefits from the widely distributed and reasonably distributed distribution network. As of June 30, 2021, Bank of Lanzhou has 1 head office business department, 15 branches, 165 sub branches, 1 holding financial leasing company and a total of 182 institutions. The number and layout of business outlets have significant advantages in Lanzhou.
Different from other banks, the performance pre increase announcement of Lanzhou bank was not issued separately, but placed in the prospectus.
Combined with the current market trend and the actual operation of the company, after preliminary calculation, Bank of Lanzhou expects the company’s operating revenue to be 7.815 billion yuan to 7.932 billion yuan in 2021, with a year-on-year increase of 7.00% to 8.60%; It is estimated that the net profit attributable to the owners of the parent company will reach 1.527 billion yuan to 1.637 billion yuan, with a year-on-year increase of 2.29% to 9.66%; It is estimated that the net profit attributable to the owners of the parent company after deducting non-profit is RMB 1.587 billion to RMB 1.698 billion, with a year-on-year increase of 79.38% to 91.85%.
From the growth rate of net profit after deducting non-profit, Bank of Lanzhou obviously leads listed banks.
Zhongtai Securities Co.Ltd(600918) said in its latest research report that the Bank of Lanzhou is deeply rooted in Lanzhou and its surrounding areas, and the ownership structure is decentralized and balanced. The company deepens small and micro enterprises, agriculture, rural areas and farmers, adheres to the market positioning of “serving local, small and medium-sized, private and citizens”, and supply chain finance is in a strategic position; Strengthen the retail transformation strategy, explore the business model of asset liability business, get the wealth management business on track, and continue to develop personal mortgage loans and consumer loans. Therefore, it is recommended to actively keep track.
some investors lost the good situation
The Bank of Lanzhou issue has produced some differences in the market. Not only retail investors have given up their subscription, but many institutions have also given up the offline placement quota, which has lost a good situation.
Data show that online investors of Bank of Lanzhou gave up the subscription of 3.54 million shares and the subscription amount was 12.64 million yuan. In addition, offline investors gave up the number of 60653 shares and gave up the subscription amount of 216500 yuan. Among them, BOC fund, ICBC Credit Suisse fund and Guoshou security fund all gave up their subscription.
“Obviously, before the issuance, the market amplified the adverse news, but ignored the characteristics and some information of new shares on the main board. The listed circulation of Bank of Lanzhou was less than 600 million shares, accounting for only 10% of the total share capital. At the same time, there was a significant pre increase in performance. This is also some positive signals.” These new investors told reporters.
From the first day of trading, more than 300 million yuan of funds poured into Bank of Lanzhou after the resumption of trading, making a lot of profits on that day.
From today’s latest dragon and tiger list data, market differences remain. Capital Securities Hangzhou Road Securities Business Department bought 18.69 million yuan, while an institutional seat sold 18.47 million yuan.
