On March 7, the concept stock of state-owned central enterprise reform continued to "carnival"!
Futuo Niuniu$Stated-Owned Enterprises Listed on HKEx (BK1341.HK)$The sector has risen for five consecutive trading days and is up more than 6% so far this month. Among them, a number of cost stocks have reached double-digit gains in nearly 5 days, and the yield is also considerable so far this year.
Since the beginning of this month, there has been a lot of positive news from the central state-owned enterprises:
Cai Jianchun, general manager of the Shanghai Stock Exchange, submitted three proposals at the two sessions, including promoting a reasonable return to the valuation level of central enterprises and improving the quality of listed companies of central enterprises, the Securities Times reported on March 6. It suggests that the State-owned assets Supervision and Administration Commission, the Ministry of Finance and other ministries in charge of central enterprises cooperate with the China Securities Regulatory Commission to promote the reasonable return of the valuation level of central enterprises and promote the quality improvement, value excavation and promotion of listed companies of central enterprises.
On March 3, the SASAC of the State Council held a meeting to mobilize and deploy state-owned enterprises to carry out world-class enterprise value creation actions. The meeting demanded that state-owned central enterprises should strengthen reform and strive to build a good ecology conducive to enterprise value creation.
In addition, driven by the "three-year action for the reform of state-owned enterprises", domestic central enterprises have previously begun to implement assessment requirements such as ROE, market capitalization and profit growth.
CITIC believes that at present, the assessment of central enterprises further emphasizes profitability and cash flow security, and with the continuous improvement of capital operation, equity incentives and other supporting systems, the valuation of central state-owned enterprises is expected to be reshaped.
Citic Construction Investment Co., Ltd. pointed out that the revaluation of central state-owned enterprises is the core connotation of establishing "medium-special valuation".Central state-owned enterprises with "low valuation + high dividend" are expected to fully benefit.On the other hand, focusing on the direction of "development + security" and giving consideration to "security and development" is the background of the development of the current era. The industry focuses onMedicine, military industry, new energy, construction, banking and so on.
GF Securities Co., LTD. believes thatTelecom operatorAs a typical head central enterprise, it has the characteristics of large market value, low valuation, high dividend and stable profit. At present, the operator sector is obviously undervalued than overseas manufacturers. Under the special valuation system, operators will enjoy the dividend of higher valuation.
To this end, to hear that Jun combed the top dividend yield in the past year, and in the past three years continuously increased dividends of Hong Kong stocks undervalued central enterprises, for reference.
Edit / phoebe