Agricultural Bank for the protection of the company to send a positive future fund cold institutions active

Every reporter Wang Yandan Wei Yuqing today (July 15), the world's attention of the Agricultural Bank A shares (601288) is about to be listed in Shanghai, the July 16, ABC H shares will start trading in HKEx.　　If the market has funds to promote the rise of AgBank's share price, the rally will continue.　　Last week, the Agricultural bank A-share IPO successfully completed the strategic placing, online distribution work, and eventually 2.68 yuan per share of the issue of 25.571 billion shares, raise 68.5 billion yuan; more than PetroChina (601857, close 10.41 yuan) to become a-share in the history of the largest IPO. Insurance funds became the biggest buyer of AgBank's a-share IPO. China Life (601628, closing price of 22.83 yuan) to spend 3.187 billion yuan, won the Agricultural Bank 1.189 billion shares strategic placing shares, the Agricultural bank's largest strategic investors.　　In addition, the Agricultural Bank in the network under the distribution, there are many insurance companies to own funds or insurance products funds to purchase heavily. Today, AgBank's a-share listing can be traded on 10.31 billion shares online. According to ABC's announcement, about 1.26 million investors spent more than 110 billion of their money on the purchase.　　After the allocation and the start of the callback mechanism, the final rate of agricultural bank reached 9.29%, for the June 2006 a-share market new shares issued the second highest level since the old cut. The first day of the increase may be around 5% because the agricultural Bank of the market is adjusted for index shocks, and the IPO is frequently listed as a break embarrassing situation;　　and AgBank itself to defend the issue of price painstakingly, not only in the release of the "green shoes" mechanism, recently released a lot of good, go all out to ensure that the company in a a-share market successfully "landing." The "green shoe" mechanism is the largest one that ABC has set for "Bao Fa".　　According to ABC's description of "green Shoes" in its bulletin, CICC, one of the main underwriters, has been authorized to buy shares from the two-tier market from the 30 natural days of the bank's listing, but no more than 2.68 yuan/share for the issue. That means CICC can buy its shares for the market once it has fallen below its IPO price. As AgBank eventually chose to sell more shares to online investors at a 15% per cent ceiling, CICC eventually won 8.938 billion yuan. The initial circulation value of Agricultural Bank after listing is 27.631 billion yuan after the IPO price. If ABC break, CICC holding the funds can "eat" nearly one-third of AgBank's circulating shares, for Agricultural bank "Bao-fa" provides a strong guarantee. One analyst thinks AgBank's break is unlikely because of the "green shoe" mechanism. But because of its large market value, and tomorrow coincided with economic data released, AgBank's first day of the rise of the probability is not big. "AgBank's first-day rise in the 5% is more reasonable, which is almost the consensus of analysts." "For the" Bao-fat "even put a positive early this week, a source said, AgBank's first half to achieve net profit is expected to exceed 46 billion yuan, an increase of about 40%.　　By virtue of its unique customer base, ABC's savings deposit in the first half of this year is close to 440 billion yuan, the top four lines. A Shanghai industry analyst admits that AgBank's six-month net profit of 46 billion yuan exceeded his expectations, and he originally expected the first half of AgBank's earnings to be around 44.6 billion yuan. "The growth in the first half of this year should be between 20%~30%, and the 40% net profit growth rate of AgBank is likely to be the top of the four national banks," he said. Good performance is beneficial to AgBank's share price performance after its listing. "The analyst reminded investors that AgBank's IPO price corresponds to about 1.6 times times the 2010 PB, which is basically the same as the big banks after the financing."　　So the valuation of the other 14 banks ' shares could also be a boost if AgBank is able to emerge from a moderate rally after the IPO.　　Future funds of the cold institutions actively in accordance with the weight, with the launch of ABC, the index shares will also make a new adjustment, some people calculate: in Shanghai, about 14 trillion yuan in the total market value calculation, Agricultural bank accounted for about 5.28% of the market value of Shanghai, that is, the stock of 1% per cent, then led to the Shanghai index fluctuation of 1.29 points. On the impact of AgBank's listing on the future of a A-share market, many fund managers accept the "Daily economic news" Reporter interview views of the cold, some of them think: "ABC IPO can not affect the overall markets, the most is to increase volatility." What to do now, the market needs to watch, need to wait for time. The current trend, said that there is no room for technical surface space, message surface has no reason to rise, the economic side is bewildering. "While some organizations have a relatively positive view, Ningbo Hai Shun analyst Li Yu that, on the one hand, the trend of the Agricultural Bank to see the stability of CICC, at least two or three trading days to keep the agricultural Bank does not break; On the other hand, see whether the market will be funds to promote the Agricultural Bank's upside: there, then this rebound will continue to market, Volume breakthrough 2,500 points ~2650 point this close to the probability of a dense area increased greatly. China News Investment, said AgBank's listing will be the market's capital and psychological capacity to bear the next final conclusion. The market has previously formed a relatively balanced state of operation, but it is clear that the IPO will break the balance.　　If the market can withstand this pressure on the counter, then a wave of medium-term rebound can be expected.　　H-Share shady high price bode well it is worth noting that AgBank's H shares will also be traded on the HKEx on the second day of the IPO, July 16 (Friday). According to the relevant information, ABC H shares initial issuance scale of 25.412 billion shares, after exercising the option of excessive placement, the total number of shares issued to 29.224 billion shares.　　The final price of the issue of 3.20 Hong Kong dollar, equivalent to about 2.78 yuan, more than a a-share pricing of about 3.7%.　　Although H-shares have a premium over a-shares, the recent shady of AgBank's H-shares has attracted market attention.The so-called shady in the Hong Kong stock market, the OTC market, appears before the IPO.　　Generally speaking, in the H-share market, if the shady price is higher than the IPO, it often indicates that the IPO will show good performance. Chen Shingyu, an analyst at Hui Li Investment (Shanghai), told the Daily economic news that the shady price of AgBank's H-shares has been rising modestly, from HK $3.25 to about HK $3.33 in recent days. More than 800,000 shares were sold in early trading yesterday, suggesting that Hong Kong investors are interested in AgBank. In addition, Chen Shingyu also pointed out that the ABC H-share is not likely to break. On the one hand, Bank H shares have been doing well recently, creating a good atmosphere for AgBank's H-shares listing, while AgBank's H shares have some advantages over ICBC and CCB's H shares. He thinks AgBank's H shares will see a 5%~10% rise after the IPO.