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Data:2009-12-12 2:34
A, listed shares investment strategy:
Listing of new shares this week are: Annada (002,136) and the South East Grid (002,135)
Annada successfully resolved the production of titanium dioxide produced by the comprehensive utilization of waste acid problem in the country vigorously implement energy-saving emission reduction case, the technology to become the company's main advantage based on titanium dioxide industry and investment highlights. Stock market coincides with the broader market correction, the current downward trend of the stock market development, due to the current share price is much higher than their reasonable market position, so there is a certain need for the value of return, investors should not chase the high.
South East Grid has initially formed a nationwide business network layout, around the airport, theater, stadium, exhibition center and other projects of the investment which will lead to business opportunities. The Unit's share price is far above its market position and reasonable prices, Wednesday and Thursday although the stubborn rise, but in order to limit down Friday reported income, investors need to be treated with caution and not rush to intervene.
2, issue new shares subscription strategy:
According to a financial network, the survey showed that investor enthusiasm for new share subscription considerable changes occurred.
Investors purchase shares will table:
Compared with the previous week, investors will purchase the new shares changed greatly, it is "not to participate in subscription of new shares," the proportion and the use of "Most of the capital to participate in subscription of new shares," a large drop in the proportion; the other hand, the use of "half - capital participation in new share subscription, "the proportion and the use of" small part of the capital to participate in subscription of new shares, "the proportion of a sharp rebound. The use of "all capital to participate in subscription of new shares," the ratio changed little.
The most important reason for this phenomenon is the rate of increase in stamp duty this week due to bad influence, leading to the stock market dive down market, some investors into a hold-up situation, many investors in order to avoid the risk that the remaining cash into the purchase of new shares the market . According to a survey of some retail investors can find, purchase of new shares of small and medium investors in the ballot on whether not hold too much hope, primarily through the purchase of new shares ways to freeze their funds and avoid participating in the recent adjustment of Quotes.
Although there are two initial public offerings this week, but the phenomenon of the slow pace of new shares issued has not changed, as of week 5, there were no new share issue was announced, which means that new shares issued will usher in a vacuum. Accumulation in the primary market in the part of the funds will be diverted to the secondary market, but the amount of money flows back will not be great, because in a subscription of new shares of the capital market, mostly to control the risk of demanding money.
Third, IPO News Review
The World Bank recently published the "China Economic Quarterly," that: the existence of China IPO underpricing problem. During the first two months of the first day of IPO issue price of the average price higher than 70%. China CITIC Bank listed on the first day the price nearly doubled, while China Life has more than doubled. On a global scale, no IPO market, such as China A-share market price of such undervalued. In the Hong Kong stock market in the first few months of IPO price and the price difference between the first day of listing was 14%, Japan's stock market is 40%, the U.S. stock market is 10% -20%.
But the average individual investor has failed to lower IPO price benefit. The World Bank pointed out that the majority of shares have been institutional investors and other large investors, they are the first trading day gained the "flying interests." Foreign Institutional Investors have taken note of this profit, Australia's Macquarie Bank earlier this year, set up against China IPO fund.
The World Bank suggested that by increasing the initial public offering and listed companies issuing new shares can achieve the purpose of stabilizing the stock price.
Fourth, shares investment know-how: According to the location choice of new shares to buy time to
IPO on the first day, institutions can predict the price of new shares targeted, but too many factors that affect the opening price of new shares, so the deviation is normal.
Investors can refer to the positioning of Ge Jia brokerage interval to develop new stock investment strategy, generally free to set three price ranges, namely low-location price range, location and reasonable price range and high positioning price range. When the first day of the IPO opening price is low, can actively buying; as reasonably priced shares can be appropriate to buy, and when the new shares priced too high, then the firm does not participate in, patiently waiting for its value after the reunification, some new investment the decision-making.
So, if to confirm the first day of IPO opening price lower? This requires the calculation of the rate of deviation.
The formula is:
Error rate = Open ÷ × 100% price of new shares positioning
Year, there are always a number of high rate of deviation, such as targeted than the IPO price far below the purchase price of the stock, then the chance of winning has been fixed.
First of all well-researched shares price positioning, various factors into a comprehensive, broad market factors and the same unit of comparison, the ultimate determination of reasonable price of new shares positioning. If the IPO shares on the first day of the opening price and the price positioning error rate of -10% to -20%, you can buy. (Big time investment Wang Shun)
