Pi Hai Chau | Cube everyone talks columnist
On November 18, Huaxia Bank showed an abnormal trend. Huaxia Bank, which has been relatively stable or even somewhat sluggish recently, surprised 50,546 lots at 11:12 in the morning, with a transaction price of 5.57 yuan. Boosted by this big buy order, Huaxia Bank's stock price once forced a stop but then fell back rapidly, and before the noon close, its rise had returned to around 1%, leaving only a long upper shadow line on the K-line chart. In the end, Huaxia Bank rose 1.26% throughout the day.
For the changes in Huaxia Bank's stock price intraday, some public opinion believes that the institution has appeared in the operation of the "oolong index". This kind of public opinion also believes that the institution may be in order to buy Shaanxi Black Cat, because the stock price of Shaanxi Black Cat rose and stopped on the 18th, and the stock code of Shaanxi Black Cat and the stock code of Huaxia Bank are only separated by a "1", the stock code of Shaanxi Black Cat is 601015, and the stock code of Huaxia Bank is 600015. In addition, there is also public opinion that 50,000 hands bought 28 million yuan of Huaxia Bank's funds or lost water.
In fact, these views in the market are "spurious" or even incorrect. Judging from the 28 million funds floating in the water, although it is not established. Buying 50,000 lots of Huaxia Bank shares at a price of 5.57 yuan does require 28 million yuan of funds, but this fund is obviously not adrift. Huaxia Bank closed at 5.61 yuan that day, and earned 0.04 yuan per share. If there is a bottom position to do T+0 operations on the same day, you can also make a small profit, where to come from? What's more, the funds entering the bank stocks are obviously not for short speculation, but to focus on the next step of market development. Judging from the current price of Huaxia Bank, the profit of this fund will be a high probability event. Therefore, the view that the 28 million yuan of funds is adrift is completely incorrect and a misjudgment of the market situation.
As for saying that the big purchase of 50,000 hands is "oolong finger", this statement is also difficult to establish. Although from the perspective of stock code, there is a possibility of this oolong, but from the price of the two stocks of Shaanxi Black Cat and Huaxia Bank on the 18th, the possibility of this oolong is zero. Because the price of 50,000 lots to buy Huaxia Bank is 5.57 yuan, and the lowest price of Shaanxi Black Cat on the 18th is 6.50 yuan, at 11:12 in the morning, the stock price of Shaanxi Black Cat is above 6.90 yuan, close to the sealing board. Therefore, from the perspective of stock prices, the possibility of such a oolong is almost non-existent.
What is particularly important is that from the perspective of Huaxia Bank's own stock price, the large purchase order of 50,000 lots is also a normal trading range, and there is no such thing as oolong. Because the previous closing price of Huaxia Bank was 5.54 yuan, and the previous transaction price of the 50,000 lot big buy order was also 5.54 yuan. The 50,000 lot big buy order was traded at a price of 5.57 yuan, which is obviously a normal transaction, not an "oolong finger". As for the subsequent stock price instantly soared to 6.08 yuan, this is actually followed by the trend, and the number of transactions is also very small, almost no volume, and the software I use cannot show the transaction of 6.08 yuan. Therefore, the argument that the 50,000-lot buy order on Huaxia Bank's stock is an "oolong finger" is actually untenable.
So what do you think of the 50,000 lots of buy orders that appeared on Huaxia Bank's stock on November 18? I think that this is a signal for institutional funds to lay out bank stocks. After all, since the second half of this year, the overall bank stocks are in the process of correction, the overall price of bank stocks is relatively low, buying bank stocks is not only relatively safe, but also its investment value is more obvious, the current P/E ratio of bank stocks is the lowest in the entire A-share market, such as Huaxia Bank's dynamic P/E ratio is only 4 times. At the same time, nearly 90% of the bank stocks broke the net, taking Huaxia Bank as an example, its net assets per share reached 15.01 yuan at the end of the third quarter of this year, but its stock price on November 18 was only 5.61 yuan, which was in a serious state of net breaking.
Not only that, the current time has entered the end of 2021, and institutional investors are the time to lay out the performance wave of the listed company's 2021 annual report. One of the key points of the performance wave of listed companies is the dividend return of listed companies. When it comes to cash dividends, bank stocks obviously have a huge advantage. The dividend yield of cash dividends on bank stocks is much higher than the deposit rate of banks, that is, it is better to put deposits into banks than to buy bank stocks. Taking Huaxia Bank as an example, last year's cash dividend of 3.01 yuan (including tax) per 10 shares, even if 2021 maintained last year's cash dividend (Huaxia Bank's net profit increased by 14.70% in the first three quarters), according to the stock price on November 18, the dividend yield will reach 5.37%, far higher than the bank deposit interest rate in the same period, and its investment value is obviously very obvious.
It is based on the investment value displayed by bank stocks, so bank stocks have also obviously attracted the attention of institutional investors, so that they have attracted the research of institutional investors. According to the data, as of November 16, a total of 12 listed banks have ushered in institutional investor surveys in the past two months, with a total of 34 surveys, compared with the previous number of surveys and the number of banks. Including Zhang Kun, the "first brother of the cemetery", also joined the investigation of bank stocks. It can be said that bank stocks have become the target of institutional investors at present. In this case, Huaxia Bank's stock price change is far from being explained by the "oolong index". The so-called "Spring River Plumbing Duck Prophet" does not rule out that this is a signal for institutional funds to lay out bank stocks.
Editor-in-charge: Tao Jiyan | Review: Li Zhen | Director: Wan Junwei