Category: Money Tips Date: 2006-09-28
Source: Huatai Securities
Approval of the SFC, the Shanghai and Shenzhen Stock Exchange has issued the "Shanghai Stock Exchange Rules" and "Shenzhen Stock Exchange rules" and will be officially implemented July 1. Rules for T +0 rotation trading, margin trading and so set up a system interface, as well as market-maker system have been reserved a "precedent." At the same time relative to the existing limit order, the two exchanges also offer a market order in this way. Information disclosure, "rules" the day the price amplitudes reach 15%, turnover up by 20% on the corresponding conditions are incorporated into the public disclosure of information among areas.
And capital stocks in positive promotion, gapped heavy volume continues to rise, K left 51 charts Festival the third gap. Hot stocks two cities, the two cities to reach more than 200 individual stocks daily limit (excluding T shares). There is some oscillation intraday morning, the Shanghai Composite closed to 1664.08 points, up 61.25 points, turnover of 53.333 billion yuan, the Shenzhen Cheng refers to 4358.63 points, closed, up 184.86 points, on turnover of 30.5 billion yuan, the two cities traded another new high of 83.8 billion yuan.
51 after a large number of private equity funds, private funds, real estate speculators funds, savings funds and an influx of overseas capital, the market surge was to produce a continuous short squeeze. Incremental funds into making the stock market is extremely excited, the current market, continue to be driven by a multi-agency somersault off the admission fees and the original venue organizations took the opportunity to lift, when the index surged a row, the two forces will result in differences former Jiancang required after Xi Pan, who needed cash earnings.
Has sufficient funds in the context of the market excess funds into asset price inflation power. An upward trend in the stock market will not change, the Chinese stock market is a typical money market pull, and the prices of the strong energy requirements for the development of effective co-ordination, the active participation of incremental funding for further positive development has laid a Quote of the main tone. Market has been caught in the situation of extreme excitement, tape Jiangshibugai, off each callback are buying a powerful pull, the callback is an opportunity. However, due to continuous short squeeze postganglionic broader market rose too fast, too fast, future broad market faced profit-taking, and some sort of relief disk disk change hands, investors should pay attention to broader market shocks and individual stock split will increase. We believe that the index above 1,700 points, the process of shocks upside will be a corresponding increase, the accumulated gains too large for some species, pay attention to the potential risk-adjusted shocks.
In short, the stock reform of China A-share market led to the improvement of the system is long and deep, in order to market the building of the basic system laid the foundation for sustained growth of China's economy not only provides a good market conditions for the development, but also increased the domestic attractive to foreign investors. With A-share market funds, insurance, social security, as well as QFII and other long-term and ultra-long-term institutional investors continue to join, securities margin trading business, the company release, regulate securities firms and the growth of the size of the set of financial management, regulate securities companies may asset management business and other business oriented funds to open the gate, coupled with the slow appreciation of the yuan and the long-standing trend of low interest rates and bond market yields a substantial decline in addition, due to rising house prices over five years, with mortgage interest rates increase in real estate investment income will be greatly compressed in comparison with the stock market rate of return already has an absolute advantage. In this case, no matter how the external market changes A shares during the year are less likely to fall, thus the investors may only be required to pay attention to the risk of short-term pressures and individual stocks. We insist that the stock will ultimately determine the value of the company, due to the company's future stock price rise in quality will be more driven by the company's growth, capital and earnings will further continue to focus on high-quality leading enterprises, institutions will select the finest investment hot spots advantage of industry leading high-quality growth stocks and high-quality stocks to invest in economic development can share the results. Therefore, the majority of investors should continue to lock the high-quality stocks, a firm idea of high-quality stock holdings and establish investment in quality companies to make money.
Taken together, share reform and the stock market triggered by the pattern of reform and the new IPO will run through 2006 and will be the main factors affecting the evolution of the stock market, and future of the issuance and holdings of major shareholders will also become a market investment. According to the market, consumer, industrial policy and the industry itself changes and trends to find the most valuable company will be the inevitable choice for the moment the most important. We believe that the transformation in the capital market has a "scarce" and the irreplaceability of the company, will give investors bring good returns. Investors can tap potential shares of the following four areas:
The first reform concerns had yet to share high-quality stocks. If GD Power, Textile City, the East A donkey-hide gelatin, Qingdao Beer, your rope shares, 100 million communications and Beijing New Building Materials, etc. Yang.
Second, the performance of the company is relatively excellent location and reasonable price-earnings ratio, industry fundamentals continued to improve, while the annual report has a good dividend, Major Holders stocks program. In the second quarter, a great investment opportunity is quarterly, through the quarterly fine study, we found some clues to the potential of stocks, investors can focus on those revenues and gross profit more than substantial growth year on year, or part of the companies, such as retail, electrolytic aluminum, mechanical , military, cement and building materials. In particular, Lanzhou, G Guan G Zhongfu such as aluminum and researchers continue to increase the company's performance expectations, these indicators can often indicate the performance of a company's rapid growth may occur.
Third, the performance in recent years to have sustained growth of 20-30% or more, especially the stock reform promised in 2008 before the continuous growth of the company. If G Yi Hua, G Yutong, double Heron Pharmaceutical, G Fuyao, G Gree, etc..
Fourth, resources, goods, prices are expected to raise investment opportunities. The rapid rise in commodity prices created a resource-based industry, profits surged, becoming mad money fried gold and zinc metal resource stocks reasons. The depth of involvement due to financial concerns can be bargain-hunting band.
