Is the upper limit of the increase in holdings, is it undervalued at 21 billion?

In terms of increasing the stock of Vanke stocks, the management headed by Yu Liang has never been vague.

Especially after the end of Wanbao's dispute, the Management of Vanke under the control of Yu Liang was even more aware of the importance of equity. Since then, the increase in holdings of its own stocks is "common meals", and indirectly ignore the impact of the real estate cycle.

On September 16, Vanke issued an announcement saying that because the company's stock price has long been higher than the original holding price limit in the near future, in order to continue to implement the holding plan, the main body (chairman of the board of directors Yu Liang, the chairman of the board of supervisors, etc.) voluntarily cancel the original cancellation of the original cancellation The upper limit of the fixed -holding and holding holdings is unchanged in addition to this.

It is reported that the upper limit price of Vanke's management holding the holding of Vanke stocks was 17.3 yuan/share, while in the last trading day, Vanke A's stock price was 18 yuan/share. According to statistics, Vanke has been 16%in the past month, which has obviously won the broader market. The reason for the rise in Vanke's stock price is because of the overall heating of the sector, and on the other hand, it is because of Vanke's excellent financial data.

In fact, as one of the best real estate companies in China, before the battle of Wanbao, Vanke's management of the stock price was obviously insufficient.

Until 2015, Vanke's stock price still did not cross the high point in 2007. For an excellent company, it is obviously unreasonable that the stock price has been hovering at the low position during the real estate cycle.

In 2015, the dispute between Mon also opened the prelude. Yao Zhenhua bought the stock of Vanke crazy in the secondary market through different channels. In 2016, the stock price of Vanke has reached a record high after a lapse of ten years.

Obviously, for investors, the stock price has set a historical high feedback for investment, but for Vanke's management, it means that their holdings need to cost more costs. However, even more seriously, the continuous increase of holdings of Baoneng system threatened the status of management, and Yao Zhenhua proposed to dismiss the management and pushed the dispute over Wanbao to its peak. At this time More than 25%. What makes Vanke's management even more headache is that Evergrande also joined the war at this time.

Between the fighting and one grab of many forces, Vanke's "value" was completely excavated.

On June 9, 2017, Evergrande will hold 1.553 billion Vanke shares and transfer it to Shenzhen Metro with 29.2 billion. Wanbao's deadlock was broken. In 2018, Vanke's stock price reached a record high again, with a market value of exceeding 430 billion yuan. After the end of Wanbao's dispute, Yu Liang's first prediction to the industry was "surviving". After 2018, the situation of the real estate industry changed, and the "overnight" industry began to slow down. Although Vanke did not catch up with the bonus of rising in third- and fourth -tier cities, it also escaped the crisis of this wave of real estate.

In Yu Liang's view, the business company is like "running a marathon without an end". The key is not a short sprint.

In 2021, a partner represented by Vanke's management cited Vanke, and the operation of squeezing toothpaste had not interrupted. The original plan for this time is not less than 20 million yuan. According to the data, as of September 14, 2022, the above -mentioned main body increased holdings had cost 11.3291 million yuan, accounting for the promise of the increase in the holding plan this time. 56.65%of the amount, a total of 652,300 shares of the company's A shares increased. This means that in less than half a month, the main body of the holding of holdings needs to increase at least 8.68 million yuan in order to achieve a promise of increasing holdings of not less than 20 million yuan.

For a company with a market value of 21 billion, 20 million is worthless, but it also released a signal to the market, and Vanke was underestimated signal. Although Vanke has been in a slow downward trend from 2018, Vanke is definitely excellent compared to other real estate companies.

In the first half of 2022, with the annual report of most heavyweight real estate companies, the good students in the market became clear at a glance. Some time ago, Vanke released the financial report in the first half of the year. The financial report showed that in the first half of this year, Vanke realized operating income by 206.92 billion. Yuan, a year -on -year increase of 23.8%; net profit was 12.22 billion yuan, a year -on -year increase of 10.6%.

In this environment, Vanke can still maintain a double -digit growth, so this also laid a foreshadowing for Vanke's management to cancel the upper limit of the holding of holdings. Therefore, I think from the current perspective, Vanke's management has indirectly conveyed a steady signal of Vanke to the market, and with the splitting of everything, Vanke may have a new level.

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