Category: Money tips Release Date: 2006-07-28
Affected by the habit, many investors Quotes in the analysis tended to focus on the actual operation of some tricky things, such as indulging in some of the technical analysis, disk analysis. But the fact is that this short-term trend of real-time quotes and skills indulgence, although able to see the details, but often get lost in the whole, even if sometimes can have some petty profits, but it is difficult to achieve the maximization of benefits, but can not be Quotes variation in time to effectively prevent risks. The results of this operation habit, often leads to some investors into a "strong Quotes in the index does not earn money, do more work in more disadvantaged Quotes wrong" in a vicious cycle.
Many investors have recognized that the current of the stock market is entering a specialized investment and institutions, Boyi times. Boyi professional investors and institutions will not rigidly adhere to some of the details of technique, more investment strategies as well as investment strategy. Now, Quotes adjusted, oscillation increased, and investors more difficult technique of the operation, and operational risk is also growing. But if the strategy of thinking and perspectives to look at and treat the market, will be found that is vast, and Journey Into Amazing Caves.
Bank of China will soon issue and listing of information, led to market panic, there are many investors have thrown stock, ready to join the subscription of new shares, "ERNIE army." Such an overreaction is really no need, Bank of China H shares of the current dynamics of the 24 times price-earnings ratio is about 2.60 times book value and the current A-share market banking stocks, except for share reform has not yet deep development, and the average price-earnings ratio only 14 times, an average of only 2.25 times book value. Under normal circumstances, the Bank of China issued A share price of even slightly higher than the H shares, which A-shares to the existing banking stocks has brought a strategic investment opportunities, namely, issuance and listing of the Bank of China practice to open the valuation of the existing space for bank shares.
The same situation is far more than this one example, Datong Coal Industry Inquiry to determine the range of 6.00 ~ 6.76 yuan, according to the current market shares of the heat, it is foreseeable the final issue price of 6.76 yuan should be close to the ceiling. Datong Coal Industry in 2005 diluted EPS in the issuance of 0.54 yuan, which means that the issue of Datong Coal Industry price-earnings ratio will be about 12 times, if the market price on the basis of issue price and then give 30% of the premium, then the listing price-earnings ratio will be In the 15 times, while the current intraday price-earnings ratio of many blue-chip stocks of coal generally from 11 to 13 times. Similarly, Datong Coal Industry has also opened the issue and listing of existing shares of the valuation of the coal room.
The most obvious example is the group G on the Hong Kong listing of the program as a whole to absorb the merger announcement, direct stimulation of the G Tianjin Port and other ports stocks posting gains. The reason is that 3.67 yuan on the Hong Kong group's overall listing of the issue price equal to the release of the earnings per diluted up to 27 times, while the shares of existing ports before, the average price-earnings ratio less than 15 times. Therefore, it is listed on the Hong Kong group as a whole the issue price of shares to open the port Quotes of the new space.
With the stock market after reform of innovative colorful, future Quotes of the strategic investment opportunities will be endless. However, in practice, need to use strategic thinking and professional means to find it.
