Due to the cancellation of the dividend plan in 2020, the interests of minority shareholders are harmed; Huawei was trapped, which destroyed the orderly competition in the market and became an outcast in the market. Coupled with epidemic factors and the impact of money laundering, HSBC's performance has been in a mess since 2020. On August 3, the performance report of HSBC in the first half of 2020 showed that the profit attributable to ordinary shareholders of the parent company was $654.38+$97.7 million, down 76.8% year-on-year, and the basic profit per share was 0.65438+. It decreased by 76.2% year-on-year. As a result, the share price of HSBC has also fallen all the way. At present, its share price has been the lowest in the past 25 years, down more than 50% from the beginning of the year.
However, just as HSBC was gradually abandoned by the market, China Ping An "shot", which boosted HSBC's share price. On September 26th, according to the information disclosed by HKEx, on September 23rd, China Ping An invested 300 million yuan to increase its holdings in HSBC again, and its latest shareholding ratio increased to 8%, ranking as the largest shareholder of HSBC again, surpassing BlackRock's 7. 14%. According to the data, Ping An's last shot was 20 165438+ 10/in 2008. At that time, China Ping An bought 5,375,600 shares at an average price of 65. 1 153, and its shareholding ratio increased to 7.0 1%.
The love between HSBC and Ping An kills each other.
Judging from the current confrontation between HSBC and Ping An, Ping An's performance can be described as losing ground!
In 2002, HSBC subscribed for 65,438+00% shares of Ping An at a cost of 600 million US dollars (about 5 billion yuan), which was the largest foreign investment in the domestic financial industry at that time. Since then, Ping An and HSBC have become the strongest partners, and even the two sides have jointly established a number of enterprises (such as jointly establishing the largest comprehensive financial backup platform in Asia and representing the most advanced international level).
From 20 12 to 12, due to its own strategic adjustment, HSBC transferred all its Ping An shares, earning tens of billions of profits for HSBC, which is considered as one of the most successful investments of HSBC. Ping An Bank couldn't sit still when it saw HSBC making a fortune with its share price. 20 15 February, Ping An Group continued to buy HSBC Holdings through Hong Kong Stock Connect, and once became the largest shareholder of HSBC. But this investment not only failed to make Ping An any money, but was regarded as one of the worst investments of Ping An Group, because according to the current share price, China Ping An invested in HSBC with a floating loss of at least 36.2 billion.
Why did Ping An take over?
Chasing up and killing down is a common situation in the stock market, but Ping An Group does the opposite. When HSBC's share price plummeted, it entered the bottom and once again became the largest shareholder of HSBC. Many people don't understand the behavior of Ping An Group. Indeed, from the home country's point of view, we shouldn't actually take over HSBC, so no one wants to buy it again. It is best to become a invalid ticket similar to PetroChina.
However, Ping An Group, as an enterprise, only wants to maximize profits, so it entered safely when HSBC's share price plummeted. In my opinion, there may be the following three factors: first, "bargain hunting" (of course, it is not necessarily bargain hunting, because Ping An did not eat, and the stock price may continue to fall), which not only stabilized the continuous decline of HSBC's share price, but also reduced the company's average position cost; Second, Ping An Bank sees the future of HSBC very much, and believes that HSBC's share price can continue to rise sharply in the future, so Ping An is not afraid to eat HSBC's shares; Thirdly, since 2002, Ping An and HSBC have worked closely together, and they even set up a joint venture. Once HSBC falls, Ping An will suffer huge losses, so if possible, Ping An will do its best to save HSBC, which is not only to save HSBC, but also for its own interests!