Six listed banks trigger the "stable price" red line for the next half of the year banking market is expected to restart

Wen | Chen Hong

On June 15, the Bank of Suzhou issued an announcement saying that according to the "Stable A share price Plan", the bank's current director and senior managers intend to increase the shareholding of the bank's shares of not less than 2.591 million yuan. The stock price of the bank's stock price started! Since the beginning of this year, Suzhou Bank, Qilu Bank, Ruifeng Bank, Chongqing Bank, Zhejiang Commercial Bank and Xiamen Bank have successively triggered the stable stock price measures to launch conditions. In this regard, the shareholders or executives of the above banks have taken the initiative to increase their own stocks. "Securities Daily" reporter learned through Wind data that since this year, the A -share Shenwan Bank index has fallen 2.24%, and the CSI 300 index has fallen 13.4%in the same period. In terms of valuation, as of June 15, 34 of the 42 bank stocks in A shares broke. IPG China Chief Economist Bo Wenxi said in an interview with the Securities Daily reporter: "The performance of bank stocks is closely related to the economy and is relatively lacking growth. The stock price of banks has broken nets, and it is announced that the stability of the Suzhou Bank trigger the stable stock price measures to start the conditions; in addition, some banks are because of the low valuation. "In the future, with the continuous efforts of the steady growth policy, it will help drive the market to repair. However, to fundamentally change the trend of bank stocks, the fundamentals of macroeconomic recovery, industry, enterprises, and fundamentals are needed. Improve. "Bo Wenxi added. Shareholders and executives have increased their holdings to release confidence and stabilize stock price measures. They are usually completed through executives and shareholders who hold more than 5%of their shares. Due to the reaching the red line of the "stable price", Suzhou Bank, Zilu Bank, Ruifeng Bank, Chongqing Bank, Zhejiang Commercial Bank and Xiamen Bank have issued announcements of a stable stock price plan. Specifically, on June 15, the Bank of Suzhou issued an announcement saying that according to the "Stable A share price Plan", the bank's current director and senior managers intend to increase the shareholding of the bank's shares of not less than 2.591 million yuan. On June 9, Zilu Bank issued an announcement saying that the bank will take measures to increase the shareholding of shareholders with more than 5%of the shareholders holding shareholders. At the same time, based on the confidence and recognition of the company's future development prospects and the value of investment value, the company's current director, supervisor, and senior management personnel who receive salary will also increase the company's shares. The total increase in holdings is not less than 54.2065 million yuan. On June 3rd, Ruifeng Bank stated: "According to the actual situation and the feasibility of related measures, the bank intends to use measures to increase its stocks to stabilize the stock price. The total increase in holdings is not less than 10.298 million yuan. "In addition, the total increase in shareholders or executives of Chongqing, Zhejiang Business Bank, and Xiamen Bank's shareholders or executives, respectively, not less than 26.622 million yuan, 5.3428 million yuan, and 1.406 million yuan, respectively. It is worth mentioning that, in addition to the above banks, some bank executives also actively increase their holdings and convey confidence to the market. "Securities Daily" reporter learned that on May 26, China Merchants Bank intended to be Wang Liang to buy its own 20,000 shares for 38.33 yuan/share in the first week of the new week; Six executives including the president and the secretary of the board of directors bought 565,000 shares from the secondary market by their own funds. "As an industry with a macroeconomic cycle, the banking industry has also had performance pressure and multiple risks in the face of downward pressure on the economy. Therefore, the overall valuation of the banking sector is inevitable." The reporter said: "When looking at this situation, it is necessary to distinguish between short -term and long -term. In the short term, banks make a profit from the real economy in order to improve the macroeconomic in the middle and long term. The demand for financial services will also increase, which is conducive to the improvement of bank performance. This is a normal phenomenon of running the economic cycle. Therefore, when the fundamentals of the bank are not a problem, if the valuation is low, it is a good time to intervene, especially the high -quality bank stocks, especially high -quality bank stocks, especially high -quality bank stocks. After breaking the net, there is a good margin of security and can obtain a certain amount of benefits. Therefore, stable stock price measures such as banks increase their holdings can not only boost market confidence, but also make profit directly in the secondary market. "Bank stock price continues to break the net net net net price. What is the effect of increasing the holding and boosting the actual effect? Chen Jia, a researcher at the International Monetary Institute of Renmin University of China, believes: "From the actual effect of increasing its holdings, an analogy has increased its holdings than the US stock market, and the banks in my country have taken this way to have their own uniqueness. First, due to the identity of large state -owned enterprises in the bank The role of executives' holdings on enhancing market confidence is significantly more obvious than the European and American peers. It will be significantly higher than that of the European and American banks; the third is to increase the release of the holding of information, and investor confidence will be greatly improved. "In the second half of the year, the bank sector market is expected to restart the follow -up trend of bank stocks? In the context of the restoration of the stable growth policy, the industry is generally optimistic about the restart of the bank sector market. Western Securities Analysts, Ya Meimei, said in the research report: "The four rose of bank stocks in the past ten years, policy -driven, macroeconomic expectations, and stable banking operations to benefit the repair of bank stock valuations. The intensity of the post -resolved 'stable growth' is expected to reverse the pessimistic economic expectations and promote bank stocks to start a new round of valuation repair.

"Northeast Securities Analyst Chen Yulu believes:" Policies and pine combinations are a good time for the repair of the bank sector valuation. From the current point of view, the economy has once again stood up to the starting point of the stable growth policy after the epidemic is superimposed, so it is optimistic about the restart of the bank sector market. From the perspective of the external environment, the stability of the growth policy is superimposed to repair after the epidemic, and it is optimistic about the coordination of subsequent policies. At the level of bank performance, it is optimistic about credit for credit; asset quality, wide credit will bring asset quality optimization. "In the second half of the year, China's economy is likely to enter the high -speed growth range to make up for the development speed of the first half of the year. From this point of view, as long as the new epidemic situation and the international environment will not fluctuate, the cyclical industry's performance in the banking industry will continue to expand in the second half of the year, and its stock price trend will generally be more optimistic. "Chen Jia said to the" Securities Daily "reporter." At present, although the downward pressure on the economic growth rate is still great, some indicators have shown signs of the bottoming rebound. It is expected that the macroeconomic growth rate will increase significantly in the second half of the year. In the second half of the year, it is expected to usher in valuation repair. "Hu Linmu said. Understanding think tank experts and financial commentator Guo Shiliang told the Securities Daily reporter:" In recent years, the asset quality of bank stocks, especially head banks, has continued to improve, and the market is relatively different in the valuation of bank stocks. Excellent bank stocks can enjoy a higher valuation premium. When the market has a valuation return, excellent bank stocks are more likely to increase investment attractiveness. In the medium and long term, in the context of the improvement of asset quality, the future outstanding bank stocks still have investment attractiveness. "Recommended reading

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