Recently, the shareholders of IB increased their holdings of the company's shares by about 55.9 billion shares have attracted market attention. It is worth noting that due to factors such as stabilizing stock prices, a number of banks have announced that shareholders have completed or plan to increase their holdings, highlighting shareholders' confidence in the future development of the banking sector.
IB received more than 500 million shares from shareholders.
A few days ago, Industrial Bank announced that based on its confidence in the company's future development, from August 1, 2022 to November 30, 2023, its shareholder Fujian Port Group Co., Ltd. (hereinafter referred to as "Fujian Port Group") and its subsidiaries increased their holdings of the company's shares by about 55.9 billion shares.
It is understood that Fujian Port Group, as an important backbone enterprise in Fujian Province, is mainly engaged in the construction and operation of port terminal infrastructure and the development and operation of port parks. Before the implementation of the shareholding increase, as of July 29, 2022, the consolidated shareholding ratio of the relevant subsidiaries of Fujian Port Group was 011%；As of November 30, 2023, the combined shareholding ratio of Fujian Port Group and its subsidiaries increased to 280%。
Regarding the increase in holdings, IB told investors on the interactive platform of the Shanghai Stock Exchange on December 11 that in view of the market fluctuations in recent years, IB has strengthened communication and exchanges with the market on the one hand, and continued to demonstrate the effectiveness of IB's transformation, and on the other hand, actively strives for major shareholders to increase their holdings and continuously optimizes the shareholding structure. Since 2022, it has successively won the support of important institutions in the province such as the Fujian Provincial Department of Finance and the Fujian Provincial Investment and Development Group, and has increased its holdings by nearly 9200 million shares.
From the perspective of operation, IB stated in its third quarterly report that during the reporting period, the company's various businesses developed steadily, the "five new tracks" continued to maintain a good momentum, and the loans of enterprises in the fields of inclusive finance, science and technology innovation finance, energy finance, auto finance and park finance increased respectively compared with the end of the previous year. 78%。As of the end of the reporting period, the company's total assets were 99,2329.4 billion yuan, an increase of 7 from the end of the previous year09%；The net profit attributable to shareholders of the parent company was 6496.5 billion yuan, down 9 percent year-on-year53%；The operating income was 16129.6 billion yuan, down 559%。
A number of banks have been increased by shareholders.
The reporter of the Economic Information Daily noted that since November, in addition to the Industrial Bank, the Bank of Ningbo, the Bank of Suzhou, and the Bank of Lanzhou have also increased their holdings by shareholders.
Recently, some bank stocks have been overweighted.
Data**: Straight flush.
Bank of Ningbo announced on the evening of November 30 that based on the analysis of the company's investment value and future prospects, the shareholder Youngor Group shares will increase their holdings by 0500 million shares, increasing holdings by 10.9 billion shares, accounting for 8 percent of the company's total share capital32% to 997%。
Bank of Suzhou announced on November 28 that as of November 27, 2023, Cui Qingjun, chairman of Bank of Suzhou, Wang Qiang, executive director and president, and other relevant entities that increased their holdings of the bank had increased their holdings of 500,000 shares of the bank through centralized bidding transactions with their own funds, accounting for 00136%, with a total increase of 310600,000 yuan, after the implementation of the shareholding increase plan, the total shareholding ratio of the increased subject accounts for 0 percent of the total share capital0548%。
On November 15, Bank of Lanzhou issued an announcement on the stock price stabilization plan, based on its confidence in the Bank's future development prospects and recognition of the Bank's growth value, it intends to increase its holdings in the Bank** by major shareholders (shareholders holding 5% or more of the Bank's shares before issuance), current directors (excluding independent directors and directors who have not received remuneration from the Bank), and current senior management (excluding senior managers who have not received remuneration from the Bank). The increase in funds** is its own funds, and the total amount of shares to be increased is not less than 3267230,000 yuan, the increase plan does not set a ** range.
Bank of Jiangsu announced on November 16 that based on its confidence in the bank's future development prospects and recognition of its growth value, from September 1, 2023 to November 16, 2023, its shareholder Jiangsu Investment Management Co., Ltd. increased its holdings of 2,363 shares of the bank through centralized bidding with its own funds10,000 shares, 407 shares of the Bank were increased by way of convertible bonds into shares230,000 shares, a total increase of 2770330,000 shares, accounting for 015%。In addition, it also announced in early November that its shareholder, Jiangsu Phoenix Publishing & Media Group, increased its holdings of 6.4 million shares of the Bank from October 31, 2023 to November 1, 2023, accounting for 003%。
The market outlook may welcome incremental funds.
Industry institutions generally believe that bank stocks have distinctive characteristics of low valuation and high dividends, relatively stable returns, and with factors such as medium and long-term funds entering the market, bank stocks can be expected to obtain additional capital allocation.
Kaiyuan** said that in addition to the favorable policies in the field of real estate and urban investment, since July 2023, the regulator has issued "new rules on cash dividends" and Huijin has increased its holdings in the four major banks, so as to build a solid foundation of "low valuation + high dividend" for bank stocks. In addition, bank stocks are prone to excess returns at the end of the year and the beginning of the year, and the banking sector may usher in incremental funds.
Wanlian ** believes that looking forward to 2024, driven by the rebound in domestic demand and fiscal policy, the asset quality of the banking industry may remain stable as a whole. In terms of profitability, the industry as a whole is in the stage of bottoming out in performance, with the gradual subsidence of repricing factors, the recovery of the demand side may lead to the gradual stabilization of the yield on the loan side, and the stable downward trend of the cost rate on the deposit side, the net interest margin is expected to bottom out. (Reporter Li Ben reports from Beijing).
Editor-in-charge: Pang Xinyi.