After the sharp decline, major shareholders “protected the market”, and the Bank of Jiangsu Province joined forces to increase their holdings. Previously, the two listed companies announced that they had taken the opportunity to reduce their holdings
① The Bank of Jiangsu announced that Jiangsu Investment Management Co., Ltd. and Jiangsu International Trust Co., Ltd. increased their holdings by a total of 99.8047 million shares between December 29 last year and April 29 this year. ② Prior to this increase in shareholders' holdings, Huaxi Shares and Molding Technology, the minority shareholders of the Bank of Jiangsu had just announced that they would take the opportunity to sell their shares. ③ When the Bank of Jiangsu held a performance exchange meeting on April 26, the bank's stock price plummeted at the beginning of the market, and at one point it almost fell to a standstill.
[Looking at the data] ETF turnover of multiple brokerage firms surged, capital and institutions are playing against the Bank of Jiangsu
① Among the top five ETFs with a month-on-month increase in turnover yesterday, there are three broker-related ETFs. Among them, brokerage ETF (512000) turnover increased 375% month-on-month. ② The Bank of Jiangsu, which was close to a standstill, was sold for 999 million yuan by northbound capital, and bought 541 million by three institutions at the same time.
Northbound Capital Purchase Report: Bank of Jiangsu received net sales of 999 million yuan
On April 26, Northbound Capital made a large net purchase of 22.449 billion yuan throughout the day, representing a net purchase for 3 consecutive trading days.
At one point, the stock price almost fell to a standstill, and the net profit growth rate was not as fast as expected for the secondary market to vote? Bank of Jiangsu management responds that market value management will do this
① In 2023, we will continue to maintain a cash dividend ratio of 30% of net profit to mother. In addition, we also fully consider investors' demands, and plan to launch an interim dividend in 2024. ② We will continue to strengthen communication between institutional investors and major shareholders and actively promote the majority shareholders to increase their holdings.
After the first quarterly report, many urban agricultural commercial banks led the decline. The Bank of Jiangsu was close to falling to a standstill. Industry: There was too much increase in the early period. Quarterly reports showed that major banks were
① Small and medium bank stocks rose significantly in the early period. It is also to be expected that adjustments will be made when the annual report and quarterly report are about to end. ② The State Council report favors brokerage insurance, and the next step in the equity of local small and medium-sized banks may be uncertain. ③ From recommending banks by brokerage institutions, the vast majority recommended small and medium-sized high-quality commercial banks, such as Bank of Ningbo, Bank of Changshu, etc., and gradually, recommendation information on increasing the holdings of major banks appeared.
Bank stocks continue to rise, and support is here! Star Fund managers' holdings increased month-on-month, Huaxia Bank, Qilu Bank, and Bank of Wuxi to the list of new entrants
① The valuation pricing of banks in the financial sector is extremely suppressed by long-term factors. In particular, the valuations of banks with the best historical fundamentals in the sector are both lower in absolute terms. ② As interest spreads continue to narrow and scale expansion slows, banks' revenue capacity may continue to be under pressure, but considering the sector's overall high dividend characteristics and structural opportunities brought about by the division of individual stock operations, sector allocation value will continue to stand out.