Institutional perspective: Pay attention to the market cap management and allocation opportunities of state-owned enterprises.
The State-owned Assets Supervision and Administration Commission strengthens guidance on the Market Cap management work of central enterprises, and Market Cap management is included in the performance evaluation of the heads of central state-owned enterprises.
Express News | The State-owned Assets Supervision and Administration Commission: Establish a solid scientific Market Cap management concept to better maintain Capital Markets stability.
Reemphasizing the Market Cap management of central state-owned enterprise listed companies! In the Hong Kong stock market, the Concept of valuation generally recovers, with China United Network Communications rising nearly 3%.
① What bullish policies for dividend stocks have been announced in the market since the beginning of this year? ② How do institutions view the current dividend stocks?
Express News | The State-owned Assets Supervision and Administration Commission: Central Enterprises should actively engage in mergers and reorganizations that are beneficial for enhancing investment value.
Express News | The State-owned Assets Supervision and Administration Commission (SASAC) of the State Council will focus on enhancing the investment value of centrally-held listed companies and strengthening investor returns as a long-term task.
Express News | The State-Owned Assets Supervision and Administration Commission (SASAC) requires central enterprises to treat Market Cap management as a long-term Global Strategy management activity.
Express News | The State-owned Assets Supervision and Administration Commission of the State Council: Central enterprises need to improve and strengthen the Market Cap management work of controlling listed companies in six areas including mergers and acquisitions, marke
Hong Kong stock market afternoon review | The three major Indexes have all fallen, with the technology Index dropping by 0.49%; the 5G Sector and Lithium Battery Sector show strength against the trend, ZTE soaring over 7%, and BYD shares rising over 2%.
Network Technology stocks fell, with Alibaba-W dropping 1.48% and JD-SW declining 1.25%; Building Materials stocks generally declined, with CHINA TIANRUI falling 9.09% and CONCH CEMENT down 2.79%; Hong Kong Retail Stocks rose, with BONJOUR HOLD decreasing 4.74% and PRADA increasing 2.66%.
Hong Kong Stock Afternoon Review | All three major Indices fell, with the Tech Index down 1%; Network Technology stocks weakened, with SenseTime down over 3%; Cryptos Concept stocks rose against the trend, with BOYAA up nearly 6%.
Network Technology stocks weakened, SenseTime-W fell by 3.23%, XIAOMI-W dropped by 2.23%; most Securities and Brokerage stocks declined, China Merchants fell by 2.96%, China International Capital Corporation dropped by 2.45%; most Apple Supplier stocks declined, TK GROUP HLDG rose by 3.45%, AAC TECH fell by 2.86%.
Express News | Wang Bing of CNBM: Compliance and risk control should become the fourth report for enterprises' internationalization.
Express News | The State-owned Assets Supervision and Administration Commission: Promote the deepening of Industry Chain Global Strategy cooperation among central enterprises, lead the repayment of debts owed to private enterprises, and make every effort to stabilize em
Honk Kong Market Overview | All three major indices fell, with the Technology Index down over 1%; domestic property stocks and China-Affiliated Brokerage stocks declined, with SenseTime leading the decline in Network Technology stocks, down over 13%; Mao
Network technology stocks generally fell, SenseTime-W dropped 13.51%, Kuaishou-W fell 2.68%; most apple supplier stocks declined, Cowell fell 5.59%, BYD Electronics dropped 3.73%; most biotechnology stocks decreased, Jingtai Holdings-P fell 7.68%, beigene dropped 5.68%;
Express News | Sinoma Science & Technology: The subsidiary plans to continue borrowing 0.44 billion yuan in related loans and add a new loan of 13.4 million yuan.
Hong Kong Market Quick Look | Hong Kong stocks soared at the end of the trading session, with the tech index rising over 4%, and Meituan up nearly 6%; domestic property stocks and china-affiliated brokerage stocks surged significantly, with sunac rising o
The Hong Kong stock market significantly surged in the final hours, with the tech index rising over 4%, leading the gains. Most network technology stocks increased, with SenseTime rising 8.19% and netease up 6.04%; apple suppliers saw widespread increases, with BYD Electronics rising 9.29% and q tech up 6.84%; securities and brokerage stocks also climbed, with china merchants increasing by 13.65% and everbright rising 7.82%;
Citi: Maintains a 'buy' rating on cnbm, plans to repurchase, which is considered bullish news.
Citi released a research report stating that cnbm (03323) and its subsidiary china jushi co., ltd (600176.SH) saw a rise in stock prices earlier. cnbm has taken action at both the parent company and subsidiary levels, demonstrating its commitment to shareholder value management, and believes the relevant impact is positive, maintaining the "buy" rating for the aforementioned companies. The report mentions that cnbm previously announced a cash offer with attached preconditions, planning to repurchase up to approximately 0.841 billion H shares at 4.03 HKD per H share. The firm believes that the fiberglass industry has emerged from its low point, with profitability improving as prices recover in the fourth quarter, and cnbm plans to increase its shareholding.
Citigroup: Maintains cnbm (03323) 'buy' rating; the planned buyback is a bullish news.
Citigroup believes that cnbm's plan to increase its shareholding in china jushi co., ltd also demonstrates the shareholders' confidence in the industry's recovery.
BoCI Securities: Upgraded cnbm (03323) rating to buy with a target price of 3.87 Hong Kong dollars.
Bank of China International believes that this buyback will provide an opportunity for its existing listed in hong kong shareholders to exit at a high stock price or to increase their actual shareholding, while the parent company and its concerted parties can also enhance their control over cnbm.
Express News | UBS Group: CNBM's buyback brings positive surprises, expecting investors to react positively.
Research reports on the treasure hunt | htsc: cnbm's significant repurchase helps guide value return, reiterating the "buy" rating.
On December 9, Glonghui reported that htsc published a report stating that cnbm plans to offer a buyback proposal to all shareholders, repurchasing and canceling up to 0.842 billion H shares at a price of 4.03 HKD per share. The maximum number of shares planned for repurchase accounts for 9.98% of the total share capital and 18.47% of the issued H shares; the buyback price is approximately 15.1% above the closing stock price on December 6. The firm believes that this significant buyback plan demonstrates management's determination to guide value discovery. If approved, it will enhance eps and shareholder equity. htsc stated that considering the uncertainty of the implementation of the buyback, it still maintains cnbm's projections for 2024 to 2026.
In "The Big Performance," China International is optimistic about cnbm (03323.HK) cash repurchase offer, which is favorable for the stock price.
China National Building Material (03323.HK) had a positive stock price this morning, currently reported at 3.61 yuan, up 3.1%. BOC International released a research report stating that China National Building Material (03323.HK) recently announced a conditional cash offer, planning to repurchase up to 0.8417 billion shares listed in hong kong, accounting for 9.98% of the total share capital, at a price of 4.03 yuan per share, a premium of 15.14% over the closing price on the last trading day.