Everbright Bank today with shoes landing A shares

Source: Internet
Author: User
Our News (reporter users) everbright Bank A-shares listed on the Shanghai Stock Exchange, the code is "601818". This is a shares after ICBC and AgBank third only use the "green Shoes" (excess placement option) mechanism of the bank shares.  For Everbright Bank share price trend, analysts pointed out that Everbright Bank's reasonable price of more than 3.2 yuan. First-day prices or good today Everbright Bank listed in circulation is the online issue of 2.45 billion new shares. Everbright Bank previously issued a 6.1 billion-a-share price of 3.1 yuan, and another 900 million shares of excess placements, before the allocation of excess placement funds for 18.91 billion yuan.  Everbright Bank chairman Tang Shuangning vice-chairman said the day before yesterday, Everbright Bank from the prospectus disclosed to listing only 28 days, and in the past three years after the Agricultural Bank after the second in a-share IPO in the introduction of strategic placement companies. According to the introduction, Everbright Bank strategic placements from the start to completion only 7 days, through the strategic placement of 30 strategic investors, the strategy of placing about 3 billion shares, accounting for "green shoes" before the issuance scale of nearly 50%, the number of strategic placements and the proportion of households are the largest shares.  If the full exercise of "green shoes", Everbright Bank raise the total amount of money will reach 21.7 billion yuan.  East China Sea Securities analyst Levin said yesterday that the 2010 Everbright Bank net profit is expected to increase 72.27%, diluted EPS (net profit per share) of about 0.33 yuan, based on the current market conditions, Everbright Bank's reasonable price should be 3.2-3.60 yuan. Northeast Securities analyst Tangya Forecast, Everbright Bank 2010 to 2012 respectively to achieve earnings per share of 0.28 yuan,  0.34 Yuan and 0.41 yuan, in view of profitability, Everbright Bank valuation should be slightly lower than CITIC Bank, the long-term reasonable share price should be 3.22 yuan-3.50 yuan, corresponding to the 2010-year net rate of 1.69 times times-1.84 times times between. Performance Growth Super Peer Everbright Bank in the listing notice that its first half of the unaudited net profit of 6.834 billion yuan. Although the previous prospectus did not list the first half of 2009, people close to the Everbright bank pointed out that the 6.8 billion yuan profit figure means that the first half of 2010 year-on-year growth rate of nearly 100%.  This exceeds the already disclosed results of Citic Bank, Minsheng Bank and Huaxia Bank. But spreads income still is the main part of Everbright Bank income. In the first half of 2010, Everbright Bank operating income of 17.3 billion yuan, of which the net interest income reached 14.24 billion yuan, has reached 2009 annual interest income of 73%.  In the first half of 2010, net spreads had increased from 1.95% in 2009 to 2.12% in the first half of 2010, with a significant increase of 17 benchmark points, according to the Everbright Bank.  Everbright Bank chief audit officer Lin said that Everbright Bank would be listed in H-Shares in the future, but no specific arrangements have been made in recent years. Some of the listed companies to benefit from the previous equity structure relatively concise agricultural Bank, the difference is that EverbrightBanks have a long list of small shareholders, some of them listed, before the release.  The bank's prospectus shows that there are 20 listed companies in which the cumulative shareholding of 808.42 million shares, accounting for Everbright Bank before the issuance of total equity 2.42%. Among these companies, the City Investment Holding (600649) subscribed 360 million shares last year, the first of which was 240 million shares of Guangdong high-speed a (000429), and two companies were subscribed in 2009 by 2.2 yuan. Taking the city investment holdings as an example, the book earnings will be over $324 million a year after the subscription, with a return of over 41%. The second is the East Electric B, holding 176 million shares of Everbright Bank.

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