A sharp drop in stock prices low valuation stocks hit by an "overweight tide"

Recently the Hong Kong stock market volatile, the majority of the shares of listed companies has greatly decreased. However, with the recent disclosure of interim results of intensive, some companies Chibengongsi shares by major shareholders of the phenomenon continued to increase. At the same time, some large organizations have accelerated the pace of overweight.

Analysts said the decline in stock prices due to have returned to more reasonable valuations, coupled with interim results revealed that sales fell, and so the release of negative factors, stock holdings at this time is a good opportunity.

Major shareholders holdings become common practice

Hong Kong Stock Exchange data showed that only one day last Friday, HKEx submitted to repurchase shares of listed companies, including Bank of East Asia, New World Department Store, and other companies, the number of repurchase, the amount of all the recent new record high.

HKEx data show that the Bank of East Asia (00023. HK) Chairman and Chief Executive Officer DAVID LI recently spent 3.24 million Hong Kong dollar, the average price per share to 32.44 Hong Kong dollar holdings 10 million shares of the Company, its shareholding from 2.53% Increased to 2.54 percent.

DAVID LI in the performance after the company announced Bannian Bao made the decision, the company announced the interim report showed that half year net profit of 894 million Hong Kong dollar, a sharp decline in the same period last year, 52.4 percent; operating income of 3.816 billion Hong Kong dollar total, down 14.8 %.

Tai Fook Securities research report said the Bank of East Asia in 2008 Shijing Shuai has fallen to 1.6 times that of the control valuation of the calendar year it is very attractive, long-term investors enter the market is a good time. The report said the Bank of East Asia, the new target price of 41.70 Hong Kong dollar, equivalent to two times the Shijing Shuai, the mainland business and diversified service fee revenue base is still the Group advantage.

Sun Hung Kai Properties (00016. HK) last week issued a notice, said the company major shareholders Guoshi family through family holdings 11 million shares of the Trust Fund, the Hong Kong dollar 110.091 average price per share, for 12.11 million Hong Kong dollar funding.

Major shareholders of the company stock holdings also include: to Jin Lee Group (00304. HK) Chairman Cham-a-week notice last week said it would holdings of 154 million shares, or an average price of 3.893 Hong Kong dollar, from 34.91 percent shareholding To 35%; sun Chairman Yang Zhenxin enterprises (Yang Chiu) overweight million shares in 1600, the average price per share of 3.6 Hong Kong dollar, the shareholding from 50.8 percent to 52.31 percent.

It is worth noting that real estate companies large holdings of shares common shareholders, in addition to the above Sun Hung Kai Properties, a show of Health, all the property, letters and home buyers have also recently announced that the major shareholder of the company shares will be overweight.

Agencies Buganjimo

In fact, apart from major shareholders by Chibengongsi stock, recently, some well-known institutional investors also have stock holdings, in addition to the earlier reports of an investment company Danyang Zhao five Wumart commercial holdings, including the Kai Leiji , GIA, Commonwealth Bank of Australia.

HKEx data show that the investment fund Carlyle CAGP LP recently said it will step overweight special international 487.3 million, or an average price of 2.696 Hong Kong dollar, the shareholding increased to 9.31 percent from 9.53 percent; Government of Singapore Investment Corporation (GIC) overweight, 31.2 million shares of Shanghai Petrochemical, Hong Kong dollar 2.495 average price per share, shareholding increased to 5.99 percent from 6.01 percent; asset management companies Lazard Asset Management head of the international holdings 5153.4 million shares, the average price per share 2.357 Hong Kong dollar, the shareholding increased to 4.48 percent from 5.18 percent.

In addition, the Commonwealth Bank of Australia (Commonwealth Bank of Australia) holdings in China's telecommunications services on the basis of 700 million shares, holdings China Resources Enterprise (00291. HK) 132 million, or an average price of 20.309 Hong Kong dollar, from holding 9.95% to 10.01%.