Market value management will be included in the assessment, this is the top level of the clear tone to speculate on the central enterprises, last year to make a special assessment, high state-owned enterprise reform to improve the valuation level of state-owned enterprises, but the improvement is limited, this year is more straightforward, directly said to assess the market value, that is to say that the management of central enterprises to find a way to get the valuation of central enterprises up!
Why do you want to increase the valuation of central enterprises? Because a large number of central enterprises have indeed been sold cheaply, there are currently as many as 500 companies with a price-to-book ratio of less than 1 times, a market value of more than 20 billion, and a price-to-book ratio of less than 1 time, a large number of which are companies controlled by the State-owned Assets Supervision and Administration Commission, and even some companies have a price-to-book ratio of less than 05 times, that is to say, something worth 1 yuan, is bought and sold for 5 cents, they think it is cheap, and the deeper is that the land finance can not go on, and it is necessary to engage in equity finance, and the equity held by state-owned assets is basically discounted trading, and at present, to increase their market value, state-owned holdings can naturally make money! According to this analysis, I found that ten ** votes will inevitably be fired!
The first: Agricultural Bank of China
Agricultural Bank of China is basically held by national teams such as Huijin Securities, of which Huijin holds 140 billion shares, the Ministry of Finance holds 123.5 billion shares, and the social security ** holds 23.5 billion shares, but the company's price-to-book ratio is only 057 times, if the price-to-book ratio can return to 1 times, the national team can earn 1 trillion!
The second: China Communications Construction
The securities company holds 48.3 billion shares, Huijin Company holds 95.99 million shares, but China Communications Construction has been in the past 8 years since 2015, the stock price has been lower, and it is difficult for the national team to make money, and the current price-to-book ratio of China Communications Construction is only 05 times, which means that the assets are seriously sold!
The third: SAIC
The securities company holds 3500 million shares, Huijin holds 98.59 million shares, but SAIC's price-to-book ratio is only 056 times, in other words, SAIC's net assets of 289.5 billion are trading at a market value of 158.9 billion;
Fourth: Industrial and Commercial Bank of China
Huijin holds 123.7 billion shares, the Ministry of Finance holds 111 billion shares, Social Security** holds 12.3 billion shares, Securities Finance holds 2.4 billion shares, and Huijin holds 1 billion shares, but ICBC's price-to-book ratio is only 054 times, if the market value management makes the price-to-book ratio of ICBC 1 times, then these holdings of state-owned assets can have at least 1More than 2 trillion profits.
Fifth: Baosteel shares
The securities company holds 66.6 billion shares, 1900 million shares, but the company's price-to-book ratio is only 067 times, the company's net assets of 198.5 billion are only traded according to the ** of 130 billion, and state-owned assets will definitely not allow such a thing to continue, after all, land finance becomes equity finance;
Sixth: China Construction Bank
Huijin holds 143.2 billion shares, and Securities & Finance holds 2.2 billion shares, but CCB's price-to-book ratio is only 058 times, if the price-to-book ratio is increased to 1 times, the equity income of the national team is at least 700 billion;
Seventh: Chinese architecture
Securities holdings 125.8 billion shares, 58.3 billion shares, 20.5 billion shares, the company's price-to-book ratio is 052 times, there is huge room for improvement;
The eighth: China Merchants Shekou
The actual controller is the State-owned Assets Supervision and Administration Commission, the securities company holds 67.68 million shares, and the social security 112 portfolio holds 58.43 million shares, but the share price of China Merchants Shekou has fallen for 5 consecutive years, with a price-to-book ratio of 08 times, and it did make the state-owned assets lose a few years.
There is an obvious feature of the a** field, the basic private enterprises held by foreign-funded institutions are private enterprises, half and half of the private state-owned enterprises held by social security and pensions, but the national teams such as Huijin and securities are basically state-owned enterprises, but the general stock price trend of state-owned enterprises is poor, and they are generally undervalued.