China Telecom went public, and I think the stock price is a bit high and not suitable for long-term investment.

As one of the three giants in the communications industry, China Telecom's return to A-shares after delisting from the United States has attracted the attention of many investors.

China Telecom has re-listed on the A-share market. Its financing scale, its valuation and its future growth are all the focus of discussion. China Telecom's stock price soared 34% on the first day of listing. Faced with this situation, investors' views are also uncertain.

There were very big differences.

1. The abandonment of more than 80 million online funds shows that China Telecom is not optimistic about the future of China Telecom. China Telecom has returned to A-shares, and its valuation and future growth space have become the focus of everyone's attention.

As a giant in the communications industry, China Telecom has passed the stage of being small and beautiful. Big and stable is a reflection of corporate reality.

How much is China Telecom's share price worth? We can find out whether it is recognized by investors from the investor's successful subscription and payment process.

On August 12, the announcement of the results of China Telecom's initial public offering of shares published on the Shanghai Stock Exchange website showed that the unpaid subscription amount of online investors was 85,784,492.22 yuan, and the unpaid subscription amount of offline investors was 6,016,655.54 yuan, totaling 86,386,200 yuan.

From the data released by the Shanghai Stock Exchange, we can see that more than 80 million yuan of funds were abandoned online, which shows that many people are not optimistic about the performance of China Telecom after its listing.

Buying new stocks is a tradition in the Chinese stock market. Basically no one will give up as long as China New Stocks, because China New Stocks is equivalent to picking up thousands or tens of thousands of dollars for free. However, China Telecom abandoned the purchase of more than 80 million yuan, which means that many people are not optimistic about China.

Telecom's stock price, they believe it may break after listing.

2. The huge increase in China Telecom’s listing means that people who gave up buying it lost the opportunity to make money. China Telecom’s price surged 34% on the day it went public. People who gave up buying it must have been shaking with anger. Winning the lottery is not easy. As a result, they lost the opportunity to make money by abandoning the purchase.

Chance.

The stock market is always like this. Public opinions are often wrong, and the stock market requires reverse thinking.

Many people think that China Telecom has a big market, and its listed share price is much higher than that of Hong Kong stocks. At the same time, it has passed a period of high growth, and a breakout is a high probability. As a result, China Telecom's surge has slapped many people in the face.

Sino-Singapore is a kind of welfare. Faced with China Telecom's winning lottery, many people are timid and miss the opportunity to make money. This is a pity.

3. China Telecom’s surge does not mean that it has long-term investment opportunities. China Telecom’s surge on the first day of listing has caused great differences in investor opinions. This is also expected. After all, everyone predicted that China Telecom might break the stock market. As a result, China Telecom

Telecom actually closed up 34%. Disagreements caused by cognitive gaps are actually normal in the stock market.

I think China Telecom's surge has overdrawn its future growth space in advance. In the short term, China Telecom may fluctuate. In the long term, I think China Telecom does not have good development space.

1. China Telecom’s A-share valuation is much higher than that of Hong Kong.

China Telecom is an A+H share. Its share price in Hong Kong is only 3 yuan. The share price in the A-share market has reached 6.10, and its valuation is twice as high as that of Hong Kong stocks.

It is obviously abnormal for the same company to have such a valuation. If you are doing value investment, buying from Hong Kong is much cheaper than buying A-shares.

2. Those who sold on the first day of listing were all institutions.

Anyone who knows about investment knows that the A-share market will disclose buying and selling information after the market for stocks that are volatile or have relatively large trading volumes. Judging from the Dragon and Tiger list released by China Telecom on the first day of listing, the selling is all from institutions.

, the buyers are basically the Lhasa Legion, the base camp of retail investors, which means that institutions are shipping and retail investors are entering the market, which shows that institutions are not optimistic about the future development of China Telecom.

China Telecom went public and saw a huge surge on the first day of listing. In fact, it has overdrawn its future development space. The huge surge also means that the future growth space is limited.

China Telecom, which is above 6 yuan, no longer has long-term investment value. Regarding the next trend of China Telecom, everyone is still cautious to participate.