CNPC Will Restart &Nbsp, Or Stabilize The Market'S First Signal.

PetroChina announced today (27) that the company held

Great Britain

Reporters compared to the first time in September 22, 2008 when China's oil holdings rose for the first time, perhaps the increase in PetroChina meant that the index was not far from the bottom.

Valuation at historic lows, reproduction and holdings

Since the adjustment in April 11th this year, the share price of PetroChina has dropped from a high of 12 yuan to a new low of 10.62 yuan this week, a drop of over 15%, which has become a booster for the decline of the index.

While PetroChina shares hit a new low on Wednesday, the big shareholders finally sat still.

The company announced today that the controlling shareholder, China Petroleum Group, increased its stock holdings by 31 million 84 thousand and 700 shares through the Shanghai Stock Exchange 25, accounting for about 0.017% of the company's total shares.

And plans to increase holdings in the two tier market in the next 12 months in its own name or through concerted action, with a cumulative increase of no more than 2% of the company's issued shares.

Judging from the trend of PetroChina in May 25th, stock prices are relatively low in most trading hours.

At 1:30 p.m., the big bill continued to emerge, closing at a 1.69% rise, which is also the biggest daily gain since March, when the stock price was 7.

The paction volume was enlarged to 469 million yuan on that day. Compared with the previous trading day, it expanded by 60%. The average cost of the 10.75 yuan was 10.75 yuan.

Yesterday, China's oil price continued to rise and fell.

Galaxy Securities new wealth Petrochemical analyst told reporters that PetroChina was overweight this year after September 22, 2008, the new round of holdings.

Compared with the financial crisis in 2008, PetroChina's share price was depressed, and the pressure on earnings was relatively large.

At that time, oil prices fell from $100 to more than 40 dollars.

Today, PetroChina's share price is once again under 11 yuan, but profitability is significantly better than in 2008.

At present, the price of oil is about 100 dollars, and PetroChina's EPS in the first quarter is 0.2 yuan. It is estimated that this year will be more than 0.8 yuan. The corresponding PE valuation is between 12~13 times, and the valuation is in an absolute historical position.

Reporters also found a group of magical data, Wind data show that the Shanghai and Shenzhen 300 index is the lowest price earnings ratio in October 31, 2008, price earnings ratio of 12.51 times.

It is worth noting that the lowest 19 weeks of the Shanghai and Shenzhen 300 index were all around October 2008 and around July 2005.

The former corresponds to the 998 points of the historical bottom, and the latter corresponds to the big bottom 1664 points of the big bear market.

At present, the valuation of Shanghai Composite Index and Shanghai and Shenzhen 300 index has been very close to the valuation of the big base stage in 2005 and 2008.

Li Da Xiao: signal flare to stabilize the market

Li Daxiao told reporters that the increase in holdings of major shareholders is an indication of an indication of the current value of PetroChina's investment signals. Although the stock price will not stop immediately, it is safe to go with large shareholders in the long run.

Generally speaking, large blue chip valuation will appear at the bottom of a large number of state-owned listed companies to increase holdings, before the bottom of 2008, hundreds of companies have increased holdings, this year this situation has also been shown.

Earlier, including China's construction (601668, closing price of 3.67 yuan), Changjiang Electric Power (600900, closing price of 7.38 yuan) and other blue chip stocks have increased the situation of major shareholders, coupled with today's announcement of the central enterprises, one of the big oil, PetroChina, Li Daxiao think this is the first signal to stabilize the market.

For this increase, a private person has different views.

He pointed out that China's oil shares are equivalent to RMB 8.7928 yuan (H shares are HK $10.54, exchange rate is 1 yuan equals 1.1987 Hong Kong dollars), while oil in A shares is 10.88 yuan, obviously increasing holdings of H-shares is more cost-effective.

Large shareholders instead turn to A shares, which will stimulate the short term of the day after tomorrow, but the market will continue to bottom out in the future.

First, review the trend of China's oil market after 2008.

PetroChina announced in September 24th that the majority shareholders increased 60 million shares in September 22nd, while the stock price of PetroChina has been on the market for second consecutive trading days. This has never happened to such a big blue chip company, but this does not mean that the market trend is reversed immediately.

After a brief rebound in the market index after September 22nd, there was a continuous downward adjustment from September 26th. The index rose sharply after the 28 low of 1664.93 in October.

PetroChina's share price trend also continued to decline after major shareholder holdings, but in the long run, PetroChina was still at the bottom of the history.

And in September 21, 2009, the controlling shareholder of China Petroleum Group has increased its holdings to 242 million shares, and PetroChina's share price has hit a new high in the first two months.

This time, China's largest shareholder in the oil company has only just started its journey to increase its holdings. Investors are most concerned about the location of the company's share price and the market index after the PetroChina's expiry in May 25, 2012.

Let the market give the answer.