Tencent Denounced 444 Million Brook Brothers

Last Friday, on the block trading platform, the Huayi Brothers were surprised. Premium Nearly 10% of the buyers who buy up to 450 million yuan are also the focus of attention recently. Yesterday, a notice by Huayi Brothers at noon said that the buyers and sellers of the block trading appeared.

As expected, the selling party came from Ma Yun and Jiangnan Chun. However, what surprised the outside world is that the premium of nearly 10% is 450 million yuan. tencent 。 Stimulated by this news, Huayi Brothers rose nearly 9% yesterday.

As we all know, on the block trading platform, the buyers are mostly private institutions, and get the difference in the two tier market through the discount transaction. But recently, Huayi Brothers discovered that a large premium transaction attracted market attention.

Related information shows that in May 6th, Huayi Brothers appeared on the block trading platform, with a total of 5 transactions, and Huayi Brothers 5 all for a premium transaction.

Among them, the Sales Department of CICC Hangzhou teaching and business road sold the most, with a turnover of 11 million 91 thousand and 600 shares. CITIC The total volume of two transactions in Shanghai Hualing Road Sales Department was second, selling 8 million 58 thousand and 600 shares, and the Pingxiang construction East Road Sales Department under CITIC's construction company did not show weakness, sold 5 million 949 thousand and 800 shares, and sold at least 2 million 700 thousand of Shanghai's Hengfeng Road Sales Department of CITIC Securities. The transaction price was 16 yuan, while Huayi Brothers closed at 14.56 yuan on May 6th, with a premium of 9.89%.

The buyer spent 450 million yuan on the total amount of money. Then why did the buyers not buy in the two market and choose to buy it on a large trading platform?

After the announcement of the bulk trading, the market predicted that from the current Huayi Brothers shareholding situation, the reduction may come from Ma Yun and other shareholders. Yesterday's midday announcement confirmed the above speculation. The announcement shows that Ma has reduced 11 million 91 thousand and 600 shares and cash in 177 million. In addition, Yu Feng has reduced 4 million 458 thousand and 600 shares, Jiang Nan Chun has reduced 2 million 700 thousand shares, Gao Min has reduced 5 million 949 thousand and 800 shares, and Wang Yulian has reduced 3 million 600 thousand shares.

It is worth noting that the Tencent Inc is the recipient. Yesterday's announcement also said that Tencent Holdings Ltd bought 27 million 800 thousand shares of the company on the same day, accounting for 4.6% of the total share capital of the company.

Huayi Brothers, the largest shareholder in circulation, had only 11 million 808 thousand shares, accounting for 3.39% of the capital stock. After the transaction, Tencent jumped to become the second largest shareholder of Huayi Brothers, the largest shareholder of the tradable shares. Huayi Brothers, the largest shareholder Wang Zhongjun held 87 million 816 thousand shares, the original two shareholders Wang Zhonglei shares 27 million 792 thousand shares.

Huayi Brothers go strong

Huayi Brothers opened high in the morning yesterday, rising rapidly in the afternoon, and once up to 15.98 yuan, approaching the price limit. At the close, the stock rose 8.52%, to 15.80 yuan, and the turnover was significantly enlarged, with a turnover rate of 6.27%.

Analysts pointed out that in recent years, gem stock prices continued to decline, on the one hand is caused by high valuation factors, and in addition to the size of non continuous cash also has a lot of correlation.

The person also pointed out that although it is a premium transaction, but from the Tencent buying opportunity, Tencent choose to access the right time. Huayi Brothers have been in the doldrums since its listing. Only after the hype of the market in 2 and March of last year, share prices plummeted. After two rights issue, Huayi Brothers' share price has dropped to a recent low of 13.62 yuan from the high point of 91.80 yuan on the first day of listing. Recently, GEM stocks began to gradually become active, and Huayi Brothers share price began to strengthen significantly. Tencent's bid price of 16 yuan and yesterday's closing price of the stock were only 0.2 yuan.

"Huayi Brothers 35 times higher valuation?" Everbright Securities analyst Zhou Liqian pointed out in the recently released research report that the company's current share price only reflects the value of film and television, and does not reflect the scarcity and premium factors of its comprehensive entertainment group. Zhou Liqian believes that the company is expected to become the first comprehensive media entertainment group in mainland China, and its influence will affect the whole Chinese language area.

At the same time, he expects 2011-2013EPS to be 0.40 yuan, 0.58 yuan and 0.78 yuan respectively, corresponding to the current stock price PE 35 times, 24 times, 18 times. Net profit of 3 years compound growth rate of 46.7%, combined with the industry's 0.9-1PEG, giving 42-45 times the valuation, 6 months target price of 16.8 yuan -18.0 yuan.

In addition, Tencent holds 4.6% of Huayi Brothers and is only a step away from the red line of the 5% placards. Is there any further action for Tencent? Let's wait and see.