ABC's investment value protruding agency actively subscribe

The High-profile Agricultural Bank of China's a-share roadshow has been completed recently, the Agricultural Bank of high-level road Performance Team in Beijing, Shanghai, Shenzhen Three road show work, before the speculation of the frequent agricultural Bank A-share IPO pricing range is about to be announced.　　Although some researchers had doubts about the current level of valuations in the banking sector, a number of agencies had priced more than 3.5 yuan in their initial inquiries, according to sources close to AgBank. In fact, before the purchase of a A-share network, ABC has won the favor of many strategic investors at home and abroad. By June 21, AgBank had signed an investment agreement with 11 institutional investors, a total of 5.45 billion dollars, according to sources close to AgBank's H-share underwriter. The Qatari Investment Authority, which holds nearly 58 billion dollars, will buy ABC's H-shares, worth 2.8 billion of billions of dollars in the deal.　　In addition, China Life is expected to subscribe to AgBank's a-share and H shares, the source said, the Chinese longevity of Agricultural Bank investment of about 800 million U.S. dollars, and will be a a-share stock. "Duplicity" of institutional investors in Agricultural Bank June 13 after the issuance of approval, buyers and sellers around the AgBank A-share pricing game almost into the white-hot state, especially to buy cheap institutional investors are in the media on a big fuss. For a while, there was talk of an empty-a-share banking and AgBank's valuation.　　But as ABC's preliminary inquiry unfolds, institutional investors are "long on the Air", and the previous spate of questions about the bank's county-level business risks and asset quality has been silenced. The fund manager of a large fund company thinks: "AgBank's business has developed rapidly in recent years and profitability has increased rapidly, and the annual composite growth rate of net profits for the next 2 years should be very substantial." In the case of reference workers, China and the construction of three major lines, AgBank's share reform dividend will be released in the coming years. The current valuation of the banking sector is at the bottom, and now is the perfect time to buy. Combining these factors, we are very optimistic about ABC, will be a large number of configuration. "Institutional participation in preliminary inquiry positive degree exceeding expectation according to ABC's A-share issue arrangement, before the start of the callback mechanism, under the network issued not more than 4,800,000,000 shares, about a share of green shoes after the full exercise of a shares issued by 18.8%, because the distribution arrangement to strategic investors in the proportion of targeted placements,　　The size of the distribution under the network is not very large. AgBank yesterday ended a four-day preliminary inquiry, according to Agricultural Bank insiders, the institutional investors are very good subscription, more enthusiastic than expected. This also reflects the institutional investors ' recognition of the intrinsic value of ABC. "Apart from capital markets and comparable valuations, the fundamentals of listed companies are the most important factors affecting valuation levels," according to a person involved in the inquiry.　　At present, institutions are very much in line with the profitability of AgBank, whose growth and steady returns are attractive, especially for our long-term investments. According to ABC's distribution arrangement, ABC will announce the price range on June 29, andFinalized the issue price on July 7. We wait and see how the world's largest IPO will be on the stage of a shares this year.