Category: Money tips Release Date: 2007-02-09
The stock market has dropped for five years, almost completely non-professional investors to lose confidence. However, some professional investors believe that such a market is giving birth to a tremendous opportunity. Of course, we can not ignore the risks. In the current market trends is not yet completely uncertain times, we can first focus on some low-risk or no risk of the inevitability of opportunities. Although the risk is low, but the rate of return was able to reach 6% or higher level, which is much higher than bank deposits and government bonds, which can not help without causing our attention. Here we come to an example.
Convertible Class
1, the investment debt
Mainly refers to price in the face value of debt around, and there is a possible early redemption of convertible bonds. Example Valin convertible bonds, convertible bonds, etc. Eagle. There are three points profit, debt interest rates, early redemption, the purchase price, no risk.
2, speculative debt
Mainly refers to price in the face value of debt above the small, but a possible stake in the stock split variety. For example, people's livelihood and convertible bonds, convertible bonds Handan Iron and Steel. Profit point there are three stocks subject matter, equity split, broad market fluctuations, absolute risk is very low.
Fund Class
1, small funds
20-30% discount is currently a small fund, of which Societe Generale in November 2006 the fund expired before that there is a windfall opportunity for smaller funds. Note that to prevent the risk of price declines in batches Jiancang more appropriate.
2, large funds
Large fund 40-50% discount, if the sudden nature of the broader market rose, the plate can be used as a second shock wave.
Stock Class
1, necessity
The share-trading program of agricultural products will give rise to other listed companies to follow suit, with the number of companies using this program more, there will be a number of listed company's share price remains below the repurchase price of about 5%.
2, the bottom line of
After the split share structure on the price after the stock dividend shares, etc. Baosteel rate of 8%. If we can use part of the convertible bond hedging mechanisms, the annual rate of return is satisfactory, will be affected by the new bodies.
High-risk type: the following investment program of investment in shares as the main program, there is a risk of stock index, the more suitable for hobby huge profits to professional investors, institutional investors, small use of the funds.
1, high-Kongpan
Five-year bear market has led to a number of the main force was Shigekura stuck, as long as the main force will not be eliminated, the inevitable backlash to have self-help efforts. The most typical species are: Harbin Pharmaceutical Group, Dongfeng Motor, Dongguan holding, triple trading company, Nanjingxinbai.
2, indicator unit
Bank funds are now being formed, its goals must be broad-market index Jiancang stocks. Jiancang in the Fund, the underlying shares of a difference there is opportunity. The most typical species are: China Yangtze Power, Baoshan Iron & Steel.
3, potential acquisitions
Carried out in the split share structure to a certain degree, there are some sub-total Liutong Pan smaller, more modest stock fundamentals easily become a takeover concept, these stocks are also cause for concern.
4, B shares
B shares through the bear market and the appreciation of the RMB a double blow after blow, etc., B shares in blue chip stocks for the existence of dividends and the price of pairs of dual regulation of opportunity.
