Category: Money tips Release Date: 2006-10-07
Source: Debon Securities Author: Kang Hongtao
Today's tape again, "2. 8" phenomenon, a day apart from front-line blue chips rose, I had almost no static and dynamic individual stocks, but overall the first two days there is little hope of recovery, especially in the afternoon, Bank of China and Industrial and Commercial Bank of China forcibly driven Under the broader market hit a 1976.04 points, the high point, but also precisely because of excessive speed, tape must be some short-term rest, while in the disk, we also found that there is not only a large bank shares fall, petrochemicals , iron and steel have also down, indicating blue-chip rebound of the stock market has basically ended, taking into account the repeated funding, so tape starting tomorrow, may be repeated shocks to seek support for the trend, while the market is a money market mutual rolling, this He rose to the phenomenon of extinction should be more pure in the early analysis of opportunities, in the mind like electricity, food, department stores, ports, aviation, high-speed and other tables may be turned at the same time, we must attach great importance to oversold bounce opportunity to start from tomorrow This banner will be oversold short side firmly in control, most notably, the largest gas moves should be put warrants, because the high risks and are stocks fall, he gave Put provides a very good hungry market atmosphere, short-term expert can enjoy the dance bar.
Tomorrow, the market point position scan:
Tomorrow tape important pressure-bit: 1950 points tomorrow tape an important support level: 1920 points, trend-long line (Shanghai broad market strength of the watershed): 1860 points.
Tomorrow Market Analysis:
Thursday Xianyanghouyi tape. The Shanghai and the Shen Chengzhi respectively refer to points and 4952 points, opened in 1930, shortly after the stock continue to be ascribed to the card refers to a maximum of 1976 points. The lowest intraday point dropping as 1926. Close to 1941点收out Yang Xian. Left a 3-point gap is not completed, but after the opening bell Shen Chengzhi fast ascribed to the highest rushed to 5048, minimum is 4940 points. 4941 points to close at the end. Left a 3-point did not fill the gap. Volume up amplification, including the warrants included in the two cities a total of about 67.8 billion turnover. Disk gives the feeling that after two days of sharp rebound in index although the strength of the two cities upstream, but Tiaokonggaokai too intense, afternoon fear of retaliation by the short side. Disk, the index fast uplink, board, stocks are also relatively active. Financial, steel and reassert king style to ICBC, Bank of China, Baosteel, led by the leading shares Qunqiergong led the stock another record high, Yili science and technology, mining in Tibet, S River Bridge, China Wen limit-media stocks, etc., Liaoning Times , Yantai Wanhua, Suning Appliance, Tangganggufen and other firms closely follow, gainers. C of E, although the closed-end funds or are not high, but mostly rosy. In the Wednesday, Thursday in a significant counter-offensive, against the big blue-chip's performance can not be belittled, Zhu Gongshou Baosteel many assume the role of encouraging multi-morale, directly contributing to the strength of steel plate, Bank of China and so on banking stocks intraday thriller to jump directly exposed the soft underbelly of multi-party: After three days of lift, combined with today's Tiaokonggaokai, multi-wear strength greater afternoon need to tidy up, we recommend investors to transfer suitable warehouse convertible, followed by please pay attention to the movements of plates put warrants
The focus put warrants analysis:
Maotai JCP1 (580990): Guizhou Moutai current net asset per share was 5.66 yuan, the first three quarters earnings per share was 1.01 yuan, the current share price up to 65 yuan, book value and dynamic price-earnings ratio of 11.5 times, respectively, and 48 times. At the same time, Wuliangye net assets per share was 2.99 yuan, the first three quarters earnings per share of 0.38 yuan, while only 14 yuan more than the current stock price, book value and dynamic price-earnings ratio were 4.8 times and 29 times. Through the above comparison of financial data, we can clearly see that the book value and price-earnings ratio Moutai far more than Wuliangye, pricing pressure is very obvious that the value of regression may occur in rapid decline, which would bring its Put Warrants outbreak. The secondary market, the largest decline since the warrant listed 75% or more, low-cost advantages gradually. Recent Transactions were significantly larger at the bottom of the daily average turnover close to 50%, the layout of the main signs of bargain-hunting fund significantly, while Wuhan Iron and Steel put warrants 542% single-day gain shows the low-priced warrants great charm, is expected to make such Maotai JCP1 warrants to be sought after the market low, we recommend investors to focus on.
Valin JTP1 (038003): Valin warrants for the duration of the longest steel cities of warrants actually grow to its maturity date March 1, 2008, we know that Wuhan Iron and Steel put warrants recently in the last remaining two days, on the 1st soared 500%, soaring by 200% the other day, time is money has to be reflected most vividly, so Valin put warrants over a year and a half of the time value can be described as an extremely prominent, and is expected to be the main force of the repeated pulse super - scan disk. In addition, the warrants market value of more than 600 million is only a small capital stock is also more in line with the appetite of private equity funds, and with Wuhan Iron and Steel and Baotou Steel's equity put warrants are closer to the scale, so the time value of outstanding share capital of the pocket-sized fitness characteristics of speculation will make Valin Put warrants highly susceptible to a number of private equity funds of all ages. Valin put warrant leverage ratio of 3.3, that is, if the callback is share 10% of the value of put warrants will rapidly increase 33%, so only 1 yuan to climb to its leverage leveraging effect of warrants would be extremely prominent, and this is T +0 in line with a huge hot money seeking quick profit mentality. The secondary market, which warrants the recent turnover in the history major at the end of rapid-amplification, super-main approach has been very obvious signs of looting chips, with the rapid increase of its intrinsic value and time value has become increasingly prominent as a rising star of steel warrants, in the Wuhan Iron and Steel and Baotou Steel put warrants continue to blow the lead, Shangchu big at the end of Valin put warrants its strong blow Quotes outbreak has reached a critical point can be focused.
Haier JTP1 (580991): Haier JTP1 (580991) line of the right period in May 2007, at present time is still six-month survival, which compared to some of the intrinsic value of zero, but the warrants expiring undoubtedly have a more advantage of a good investment. At the same time, as the warrant absolute lower price point, the theory of its single-day rise up to 100% or so, so vulnerable to the pursuit of short-term funds. The secondary market, the warrants, as is currently the lowest put warrants, one of the main funding has been sought after, nearly 10 trading days average daily turnover of more than 50%, Tuesday hit more than three months since the history, the amount of days, and 60-day moving average broke through repression, short-term increase in the space to completely open, afternoon is expected to warrant a similar blowout Wuhan Iron and Steel market, suggest that investors focus on.
580,992 Jagot put warrants: For the Younger is the trend of stock price is particularly worth investors attach importance to. The Unit has brokerage and real estate, triple the concept of designer clothes, but as the broker-round cooling plate, the stock's decline is also very clear that there is still much room for further declines are expected afternoon. The company's real estate curb overheating of the property at the national introduction of a series of policies to make the real estate industry faced with tremendous pressure; the company's clothing is the brand name, however, relatively high compared with similar companies, the stock price in the same plate under the influence of relatively low, the company share price the possibility of further decline. Combined with accelerating appreciation of the renminbi, has risen a new high of 7.9, which pose a major export-oriented garment industry, bad, not good prospects for the apparel industry, faced with more fierce competition, Youngor is also expected to be adversely affected. Since the stock into a downward spiral trend accelerated after the signs of extreme volume contraction, the weak feature obvious trend is expected to remain after the decline. This will greatly enhance the intrinsic value of put warrants. Jacoby put warrants only 6 million share warrants are mini plates, listed at the beginning of the care that is subject to tremendous amounts of capital, the warrants from the opening price 0.962 yuan rose to 2.176 yuan for three days, the strength of the main body to be fully demonstrated, also for the put warrants to win a very good market reputation. Last week, repeated oscillations of the low warrants were poised to do more energy is quietly cohesion, Monday's a breakthrough in Yangxian various short and medium term moving average, holding huge amounts of capital entering the high hit, pulled up the process of rapid blowout imminent, the market outlook is expected to be low-cost Leading the surge in retaliatory warrants plate.
