Category: Money Tips Date: 2006-11-25
Source: Kim Merrill Lynch Investment
1, Market Guide:
Shanghai Stock Market Tuesday tape for a strong finishing, the Shanghai Composite closed at 1679 points, down 5 points, turnover of 330 billion yuan, a slight decrease compared with Monday.
Message level, the Bank of China "H + A" program by the relevant regulatory approval, "the number of shares issued no more than 100 million shares, issue price of A shares and H shares should be in the same interval, the Bank of China H share issue price of 2.95 Hong Kong dollars. "BOC issuing short-term bank shares may have some impact, because, after all, the issue price may be relatively low, while a higher expected rate of return will trigger the old shares part of the funds to subscribe for new shares cast, but this effect is to go to its proximity to the date of issue truly reflect the will. According to another report, "Shanghai International Port (Group) Co., Ltd. will use the swap method to absorb the merger of its holding of G on the port, thus completing the Group's overall listing. On the Hong Kong group will be 3.67 yuan / share issuance price of shares as for absorption of the merger on the price of stocks, investors holding one share for every G on the Hong Kong stock exchange for 4.5 shares of the Group on the Hong Kong stock exchange can also choose to 16.5 yuan in cash. "Shanggangjixiang the overall market is bound to set off a tide in the stock market listed as a whole the globe. In addition, the Ministry of Commerce, "on the foreign investment company holding the supplementary provision" clearly, "allowing foreign investment companies in accordance with national relevant regulations, listed companies a strategic investment; Investment Company Limited shall be deemed to foreign shareholders." This will undoubtedly further expand the sources of the A shares of investment funds is a long-term good.
A share offering by the Bank of China will be applied for the news of the impact of broader market opened low morning there, though the downside is support for a strong multi-party, leaving out the red tape once closed disk, but the suspension in the petrochemical, nonferrous metals, finance, real estate , aerospace industry, breweries and other food I have several pre-plate finishing hot, especially the SME board stocks with larger decreases in the general case, the tape ascribed to fall again into consolidation. At the same time, multi-party to further tap the hot new market in order to stimulate the active stocks so that market sentiment is still strong among the broader market. G listed on the Hong Kong raised the overall concept of this sought after market and promote Hong Kong and other ports, such as shares, Wuhu strength, while the same type of highway transportation section, such as modern investment, high-speed, also continues to Chutian strong upside. Ports, highways, airports and other infrastructure sectors because of the cyclical impact of plate long silence, the trend is far behind the broader market, but the texture has been generally good, there are valuation, and therefore, can easily become targets of the new funding to cover short positions. The same time, textile stocks such as G E-velvet, Huafang shares, auto stocks in the G SAIC, G, etc. have a strong performance in Futian. M & A theme continues to be highly concerned about the market, its leaders continue to East Lake High-tech ideas are subject to mergers and acquisitions provide a rich imagination. The media reported that Sinopec Shanghai Petrochemical repo market has also led to the possibility of the same theme of the pursuit of Yizheng Chemical Fiber, repurchases, and the concept of privatization is likely to be hiccups have risen. In addition, digital TV, the media, 3G, biomedical technology stocks as represented by the steady Masukura recent days there are signs, such as the visual media, the striker shares, and so have a good performance. In addition, the closed-end funds also appeared in the twilight under the collective good rally. Generally speaking, the main signs of money into position very clear, is from a non-ferrous metals, real estate, aerospace and military industry or the larger species, pre-lighten up, overweight texture of the object is mainly good, pre-plate or smaller infrastructure and acquisitions Theme unit as well as technology stocks, in particular, mergers and acquisitions and innovation will be the main theme of future long-term, market opportunities will be immense. Although market access expansion of built-up areas, it appears that the impact of the financial side is still acceptable within the broader market will remain strong in the break up of waiting for an opportunity.
Tuesday SSE tape finishing strong, despite the acceleration of expansion so that part of the funds have chosen the short-term leave, but the new multi-money open up a new battlefield Stock Quotes is still brilliant, effectively maintain the market sentiment. The current tape technology forms a good benchmark Shanghai Composite Index up relying on the 5th line of steady, the market outlook is expected to continue and eventually conquer 1,700-point upside.
2, the operation recommended that:
1, position: 60%
2, attention: cheap oversold stocks
3, hot Analysis:
A share offering by the Bank of China will be applied for the news of the impact of broader market opened low morning there, though the downside is support for a strong multi-party, leaving out the red tape once closed disk, but the suspension in the petrochemical, nonferrous metals, finance, real estate , aerospace industry, breweries and other food I have several pre-plate finishing hot, especially the SME board stocks with larger decreases in the general case, the tape ascribed to fall again into consolidation. At the same time, multi-party to further tap the hot new market in order to stimulate the active stocks so that market sentiment is still strong among the broader market. G listed on the Hong Kong raised the overall concept of this sought after market and promote Hong Kong and other ports, such as shares, Wuhu strength, while the same type of highway transportation section, such as modern investment, high-speed, also continues to Chutian strong upside. Ports, highways, airports and other infrastructure sectors because of the cyclical impact of plate long silence, the trend is far behind the broader market, but the texture has been generally good, there are valuation, and therefore, can easily become targets of the new funding to cover short positions. The same time, textile stocks such as G E-velvet, Huafang shares, auto stocks in the G SAIC, G, etc. have a strong performance in Futian. M & A theme continues to be highly concerned about the market, its leaders continue to East Lake High-tech ideas are subject to mergers and acquisitions provide a rich imagination. The media reported that Sinopec Shanghai Petrochemical repo market has also led to the possibility of the same theme of the pursuit of Yizheng Chemical Fiber, repurchases, and the concept of privatization is likely to be hiccups have risen. In addition, digital TV, the media, 3G, biomedical technology stocks as represented by the steady Masukura recent days there are signs.
Fourth, stocks recommended:
G East Control (000,828): the major assets of the company after the reorganization, change management, Dongguan main highway business, the highway industry is operating as a monopoly, revenue stability, features, performance of the company has shown good momentum of steady growth. At the same time plenty of cash flow, as well as the first and second largest shareholder with close to, but also to the acquisition of a hazy subject. Secondary market, the stock's recent form at the end of a composite head and shoulders pattern, Tuesday received a breakthrough in one fell swoop Changyang, afternoon is expected to start the main Shenglang the most explosive market, can focus on.
