Bank card replacement or speed-up three types of companies will benefit

On the 11th, a message about EMV migration stirred the A-share market. "The central bank will replace the existing magnetic stripe cards with pilot commercial IC cards in major commercial banks during the year", so that the card manufacturer Eastcompeace [18.35 2.97%] (002017, closing price of 17.82 yuan) steadily sealed the daily limit.

Although there has been no official notice from the regulatory authorities, it is an indisputable fact that the EMV migration in the industry has been significantly accelerated this year. Some brokerage researchers said that manufacturers of cards, pos machines, and ATMs will undoubtedly benefit from EMV migration, so investors can pay attention to the opportunities of listed companies in these fields.

News stimulates related stock performance

On the 11th, it was reported that a Shenzhen stock bank official revealed that the central bank is planning to officially launch the EMV migration work. In the second half of this year, it will be piloted in some banks, and the existing magnetic stripe bank cards will be replaced with chips. Carrier IC card.

This is the first time that China's EMV migration has revealed a clear time point. According to data from the Bank of China [3.42 -0.87%] industry association, as of the end of the first quarter of this year, the number of cards issued by China's magnetic stripe bank cards has reached 2.169 billion; only IC cards are currently at the price of 10 yuan/sheet. With the existing stock card, the entire market size has exceeded 20 billion yuan!

With such a huge number, it is no wonder that investors are excited. The card maker Eastcompeace shares opened higher and higher yesterday. It only hit the daily limit in just a few minutes. Afterwards, although it has fallen back, the increase has been maintained at around 7%. In the afternoon, it has been blocked by the daily limit, and it has changed hands to nearly 10%. According to the data of the exchange, the active faces of Caitong Securities Hushu South Road Sales Department and Yinhe Securities Foshan Nanhai Guiping West Road Sales Department all appeared on the stock's buying list.

Among the other two A-share card dealers, except for Hengbao [16.97 5.47%] (002104, the previous closing price of 16.09 yuan) due to the suspension of the general meeting of shareholders, Datang Telecom [18.08 -1.42%] (600198, closing price of 18.34 yuan The increase is close to 4%, achieving four consecutive yang; other POS machines, ATM machine concept stocks have also performed.

UnionPay did not explicitly respond to the start-up time

However, regarding the news on the 11th, the "Daily Economic News" did not prove the authoritative statement. Relevant persons of China UnionPay only said that “EMV migration is a major trend in the development of the industry”, but did not give a clear response to the reporter’s “whether it is determined to be piloted in the second half of the year”.

There is no obvious feeling in the enterprise. On the 11th, the reporter called the Securities Department of Eastcompeace Company. An employee told reporters that the company had started preparing bank IC card production lines a few years ago and has already completed it. Now, although there are small batch production, it is not a formal financial IC card. , but a joint card applied to social security. The source said that the company has not received an IC card order from the bank so far, so from the company's point of view, it does not feel that EMV migration has signs of starting.

However, in the view of industry researchers, this year's action on EMV migration in China is much more obvious than in previous years. First, the international bank card organization VISA announced that it is not allowed to use the China UnionPay network to handle overseas transactions of VISA joint-name cards. Although this incident has not been finalized yet, Xiangyuan Securities industry analyst Li Yuanbo believes that this will accelerate the promotion of magnetic stripe bank cards by UnionPay. On the other hand, the central bank has drawn up the overall target and specific issuance schedule of the UnionPay standard IC card. It is required that from January 1, 2015, all newly issued bank cards in China should be IC cards. In this regard, Donghai Securities analyst Kang Zhiyi commented that this means that EMV migration has “raised from the enterprise level to the national will”.

Therefore, although the timing of the news on the 11th was not confirmed, it was published on the website of the Central Bank on May 19th entitled "China Financial Integrated Circuit (IC) Card Specification" (PBOC2.0 Standard). , but listed a specific timetable. The central bank drafted that state-owned commercial banks and joint-stock commercial banks should issue financial IC cards in full this year and 2012 respectively; POS and ATM terminals launched on July 1 this year should have financial IC card acceptance functions, stock direct and inter-linked The POS terminal should complete the financial card acceptance transformation before the end of 2011. ATM and non-cash terminals should complete this work before the end of 2012.

Three types of companies are expected to benefit

Specific to the A-share market, Donghai Securities analyst Kang Zhiyi said that cards, POS machines, ATM machines and other three companies will benefit from EMV migration.

"Daily Economic News" learned that ATMs after 2006 can be compatible with IC cards, such as the 11th Royal Bank shares [14.38 2.49%] (002177, closing price of 14.03 yuan) the company said to the "Daily Economic News" The ATM machines produced by the company can accept chip IC cards; in terms of POS terminals, China UnionPay started the transformation of the stock POS machine last year. At present, about 40% of the stock POS terminals have been upgraded.

Therefore, the most beneficial will be IC card manufacturers, such as Eastcompeace, Hengbao and Datang Telecom. Among them, Eastcompeace's production line has an annual production capacity of 30 million to 40 million ICs; in addition to the card business, Datang Telecom's 95%-owned subsidiary Datang Microelectronics has become China's independent PBOC2.0 financial IC chip. The card provides qualified vendors.

In addition, the main business for the printing of Donggang shares [22.70 1.61%] (002117, closing price of 22.34 yuan) has announced that it will publicly issue additional funds to invest in 120 million IC card packaging business, the matter has been reviewed by the Securities and Futures Commission last month. by.

As for POS and ATM terminals, the companies involved include Zhengtong Electronics [16.38 0.80%], Nantian Information [12.07 -0.41%], Royal Bank shares, Guangdian Express [35.20 3.10%], and Xinyada [10.68 0.75%]. On the 11th, Shi Liyuan, a representative of Nantian Information and Securities Affairs, told the Daily Economic News that the Yunnan Social Security Card has been changed to an IC chip card, and the company has an accessory product on the market.

Cryoliposysis Cryo Cool Body Sculpting

Cryoliposysis Cryo Cool Body Sculpting,Cryo Cool Body Sculpting,Cool Body Sculpting,Best Cryo Cool Body Sculpting

Guangzhou Mychmed Technology CO.,LTD , https://www.mychmed.com