Weekly report of share increase and repurchase strategy: Yili Shares plans to buy back the company's shares with RMB 1-2 billion for cancellation
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Increase of A-share listed companies this week
From May 20, 2024 to May 24, 2024, a total of 25 companies announced their shareholding increase, of which 5 companies announced their shareholding increase plans, 7 companies announced their completion of shareholding increase, and the rest announced their shareholding increase progress.
Share increase of some listed companies from January 1, 2024 to May 17, 2024, The proportion of its proposed increase in holdings in the market value on the announcement date is 1.04% - 2.08%, 1.00% - 1.25%, 0.66% - 1.32% and 3.71% respectively.
Buyback of A-share listed companies this week
From May 20, 2024 to May 24, 2024, a total of 215 companies issued repurchase announcements, including 36 companies with more than 10 rating agencies (including 10). Changhai Shares plans to buy back shares at the price of 50 million to 100 million yuan for the implementation of employee stock ownership plans or equity incentives, accounting for 1.39% to 2.77% of the market value on the day of the plan. Qianwei Central Kitchen plans to buy back shares with 60-100 million yuan for cancellation, accounting for 1.72% - 2.86% of the market value of the plan day. Jinhui Liquor plans to buy back shares with RMB 100 million to RMB 100 million to implement employee stock ownership plan or equity incentive, accounting for 0.87% to 1.75% of the market value on the day of the plan. Yili Shares plans to buy back shares with RMB 1-2 billion for cancellation, accounting for 0.55% - 1.10% of the market value on the plan day.
2024/01/01-2024/05/24 Repurchase of some listed companies From January 1 to May 24, 2024, 3087 companies issued repurchases. 608 companies were selected based on the screening condition that the number of rating agencies was more than 10 (including 10). Among them, the proposed repurchases accounted for a large proportion of the market value of the plan day, such as Baosteel's proposed repurchases accounted for about 2.17%; Kangyuan Pharmaceutical plans to buy back about 1.30% - 2.61%.
Investment advice
1) Increase in shareholding: it is suggested to focus on a large proportion of increase in shareholding, and the company basically faces a good target: Qibin Group; 2) Repurchase: It is recommended to focus on the repurchase for cancellation, and the company with a large repurchase proportion: Yili Shares.
Risk warning
Short term fluctuation risk of the market, and the risk that the performance of listed companies is less than expected.
