Category: Money tips Release Date: 2007-07-26
When the stock market to digest the "5.30 crash" before the all-time high, the bull to do many emotional renewed. Quotes adjustment period in the June part of the withdrawal of hot money to return to the market, selected a number of oversold stocks rally turns launched and became the local hot spots outside the blue-chip plate; while on the other hand, last year the proportion of annual reports sent to the stock transfer In the diluted and are taking Tianquan Quotes. Sanonda the most typical example, the July 20 trading day since eight days is limit-6, its stock price soared from 6.97 yuan straight 13.82 yuan, 8-day stock price has doubled, and this all this is not by virtue of performance, attributed the high turn sent to bring the secondary market speculation themes.
Center Daily News revealed a view to seeking the potential of sending switch
Talking about the general theme of the high turn sent a two-hype bands, namely, the right to grab Quotes and Tianquan market, the theme is especially sought-after pattern in a bull market. Is now entering mid-2007, reported the disclosure-intensive period, from a historical point of view, most listed companies in the annual report is published when the distribution of profits, though interim report, launched large-scale programs Zhuanzeng Major Holders or precedent, but, overall, than Report Quote intense as when. However, because of the current Quotes of the hot, plus stock change factors, the company gained the interests of large shareholders, so, some have sufficient capacity to send share transfer of listed companies may also be introduced at this time, a high percentage of distribution program. State Securities analyst Wang Jian Sheng also agree that a number of mid-year report will take place, turn the program announcement sent stocks on the current market environment, these stocks will be sought after, and the emergence of a more prominent rise. Then, to determine whether it will launch a listed company to send a high percentage of transfer programs, available from the following three aspects.
【First?/span>
Study available for distribution of "family property"
First of all, we must distinguish between what companies have to send a high percentage of transfer capacity. Song Honggu need to have sufficient retained earnings proposed Zhuanzengguben need huge capital fund, so share the amount of undistributed profits and capital fund is a measure of whether a company has a large proportion of the allocation of capacity to premise. In addition, also need to refer to the company's earnings, in general, large-scale distribution of loss-making companies are not convincing, of course, like * ST Shixian (600,462 market, information, reviews, search) is such an extreme example occurred. Those results in a steady and even the period of rapid increase in stocks, the probability of large, and sustained high to send transfer is the inevitable result of fast-growing business.
【Step?/span>
Over the past few years, no large-scale distribution of
Second, the recent two years have not conducted large-scale transfer of transmittal. Although the Suning Appliance (002,024 market, information, reviews, search) is sent to rely on large-scale continuous Tianquan transferred again to achieve the right price of 1,000 yuan complex, but not all companies have this twice a year to send 10 to switch 10 strength, this probability negligible. Therefore, screening should be removed, published last year, when mid-year report and annual report have been sent to transfer a large proportion of individual stocks. Relatively speaking, the total equity share capital of a large blue chip varieties of large-scale expansion may not be generally no more than 10 rides, a single turn 3 Unit; the contrary, the smaller the size of equity stocks big desire to more strongly.
The third step 【?/span>
Combination of two market trends Screening
Finally, in line with stocks of these two conditions have to send only the potential for transfer, but not necessarily in this year's mid-year report will be made to send share transfer program, investors can combine the stock prices for further screening, increase the hit rate. Market, there are always those channels of information than ordinary foresight of investors funds, over the past 10 years, the fact that the vast majority of change programs launched to send stocks higher in the generous distribution of programs already transaction before the announcement. Therefore, from the eligible individual stocks and then filter out the trend in stocks is a relatively strong practical approach.
Large batch of new shares qualify
Several conditions using the above screening can be found, there are a large number of sub-shares qualify. Since the IPO, the premium portion of the book's release was credited to the capital fund, and many new shares issued prior to the undistributed profits accumulated after the release of new and old shareholders to share this for the future introduction of the program provides a prerequisite for sending switch. Guosheng Wang Jian of securities proposed to focus on the sub-shares had been allocated specific time to participate may be appropriate to chase, but the price-earnings ratio valuation can not deviate too far from the current market average, in general, higher than 30% is still acceptable , but it should not be involved in more than one times. In general, as long as stock valuations are modest, there are space in sustainable growth of future performance and security, with high potential stocks turn sent to carry out an appropriate chase is worth it.
