Last week, while the heat of the plate has not yet dissipated, the hype in the Beijing Stock Exchange is hot.
According toRhino Star appAccording to the statistics of the Research Institute, a total of 9 ** companies on the Beijing Stock Exchange have obtained a 30cm price limit last week, most of which revolve around the reform of state-owned enterprises, automotive robot lightweight, AI applications and other sectors.
At the same time, the trading of the Beijing Stock Exchange maintained a high volume of energy as a whole, with a weekly turnover of 74.7 billion, an increase of 1183%。
Last week (1211-12.15) Companies that have obtained a 30cm daily limit on the Beijing Stock Exchange:
Among the companies that have achieved a 30cm daily limit last week, there is a company that is particularly special, that is, after the cancellation of the repurchased shares, the next day quickly closed the daily limit of Huaguang Haihai (872351).
From the perspective of the company's main business, Huaguang Guanghai is a comprehensive logistics enterprise with the core products of Yangtze River waterway river-sea intermodal transport as the center, and the development of domestic and foreign dual circulation.
The Beijing Stock Exchange repurchased and cancelled the first share
On the evening of December 13, Huaguang Guanghai announced that it intends to change the use of 3.1 million shares in the special ** account for repurchase, and change "for the implementation of equity incentives" to "for cancellation and corresponding reduction of registered capital", and will go through the relevant cancellation procedures in accordance with the regulations.
At the opening of the next day, the company's stock price quickly closed the price limit
In fact, in the past, the shares that were repurchased on the Beijing Stock Exchange were not non-existent, according toRhino Star appAccording to the data, as of December 19, a total of 89 companies on the Beijing Stock Exchange have issued announcements on the repurchase of shares, accounting for 37 of the proportion of companies in the sector55%。
In terms of the current implementation progress of share repurchases, 4 are in the stage of board planning;7 show that the shareholders' meeting passed;20 are still in the process of implementation, and 58 have successfully completed share repurchases.
From the perspective of the repurchase amount, there are 30 companies with a repurchase amount of more than 10 million, and the specific list is as follows:
In the general poor market environment, repurchase is an important means for listed companies to boost confidence, through the repurchase of their own **, while optimizing the equity structure, it also has a positive significance for stabilizing the stock price.
Although the stock prices of these companies have increased after the release of the repurchase of shares, there is currently only one company with a daily limit after the repurchase news comes out.
Even last Friday evening, the repurchase of shares for the cancellation of Haineng Technology (430476) was announced, and the opening price on Monday was only 338%。
More specifically, Hua Guanghai's repurchase of shares, compared with equity incentives, the company's repurchase of shares is used to cancel and reduce the registered capital accordingly, which can increase earnings per share, this kind of repurchase and cancellation not only constitutes a direct positive for the company's stock price, but also enhances investor confidence to a certain extent.
Previously, the company in the Beijing Stock Exchange repurchased shares mostly for equity incentives or employee stock ownership plans, and Huaguang Hai held the title of the first to repurchase shares on the Beijing Stock Exchange, which may be the direct reason for the soaring stock price.
And in addition to the repurchase purpose, the amount of Huaguang Guanghai's repurchase is not small, the number of shares repurchased is 3.1 million shares, accounting for nearly 10% of the total outstanding share capital, and the repurchase amount is 171560,000 yuan.
The repurchase means that the company believes that the current stock price is undervalued, and from the perspective of the purpose and quantity of the repurchase, the strength and effect of the repurchase of shares must be obvious.
First of all, 3.1 million shares** were cancelled, which reduced the total share capital of Huaguang Guanghai by 3About 5%, under the condition that the net assets remain unchanged, the net assets per share and earnings per share of Huaguang Guanghai will increase by 3About 5%.
Secondly, in order to reduce the circulation, the 3.1 million shares repurchased ** are all Huaguanghai by the secondary market**, after cancellation, Huaguanghai's tradable shares will be from 3836040,000 shares decreased to 3,526040,000 shares, down nearly 10%.
In addition, Huaguang Guanghai has always attached more importance to shareholder returns and has continued to make efforts to stabilize the stock price.
Since its listing on the Beijing Stock Exchange, the company's executives have collectively and voluntarily increased the holding restriction period to 3 yearsand then the actual controller increased his holdings of about 150,000 shares of the companyThe third is the company's high cash dividend in 2022, and 10 distributions of 3 yuan will be implemented in July this year, when the dividend yield was 75%。
In addition, its own performance is good, with a revenue of 2.1 billion yuan and a net profit of 48.7 million yuan in 2022, and the total market value is only 6 before the daily limit on the day of the repurchase announcement4.4 billion, with a circulating market value of only 27.1 billion, the market value is also in line with the current fund's preference for micro-cap stocks.
The repurchase plan itself has a certain weight, coupled with the characteristics of low valuation and micro-cap stocks, and is also catalyzed by the capacity of the international Red Sea situation.
And it still maintains a strong trend after the next day's limit, which shows the degree of recognition of the matter by funds.
According toRhino StarAccording to statistics, after Huaguang Guanghai issued a repurchase cancellation announcement on December 13, the stock price rose by more than 60% in just four trading days to December 19.
Conclusion
According to Shenwan Hongyuan research statistics, in the past two months, companies below 1 billion, 1 billion to 2 billion, 2 billion to 3 billion and more than 3 billion on the Beijing Stock Exchange have risen respectively. 5% and 125%。
This means that in the big bull market** of the past two months, the smaller the market capitalization companies have risen more, and it also confirms that the micro-cap stock speculation this year is destined to finally reach a climax on the Beijing Stock Exchange.
After two months of sharp rises, market funds have completely "eliminated" companies with a market value of less than 500 million on the Beijing Stock Exchange.
In the future, as the sector companies begin to diverge after the big rise, if the premise that market funds still prefer small-cap stocks has not changed, companies such as Huaguang Guanghai, which have better fundamental performance + small market capitalization + hot topics or event catalysts, may be expected to become the new favorite of market funds.