Category: Money tips Release Date: 2006-03-29
Source: Guangzhou Bandung
Abstract: Although most of the pre-growing stocks in their stock prices have gained the corresponding performance. But the performance change is dynamic, we can from the industry boom, a quarterly performance of listed companies expected to bring the asset into the sound system, etc. Performance Center Daily News Mining stocks have growth potential investment opportunities in ......
As a whole, the current round of market information, as well as in the full circulation of excess liquidity driven by two factors carried out from 1000 points to 1600 points in the process, most of the stocks of the price-earnings ratio increased significantly. According to relevant statistics, the current A-share market as a whole at about 30 times earnings, excluding a loss of powerful individual stocks, price-earnings ratio of 23 times, and the international market, there is not much compared to the price-earnings ratio valuation advantages. This shows that the static from the current price-earnings ratio is, A shares have been little room for higher valuations.
Financial side, the mid-density distribution and the central bank shares under the pressure of the austerity measures would be needed even more tense. IPO will necessarily precipitate out of some of the funds in the old stocks, while the central bank tightening of monetary policy will no doubt affect the entire stock market. Extrusion diversion of funds, the stock price trend will be further significant differentiation, some stock sectors and individual stocks had risen too much, and some performance slowed, industry and finance stocks will become a concentrated selling the object, but a good medium-term performance individual stocks will undoubtedly become a financial hit.
We think that the first half of the introduction of macro-control measures intensive, but the first half of the overall interim performance reports, will still be more desirable. This is because the first half of this year, a faster growth rate of fixed asset investment situation, the national economy maintained a GDP growth rate of around 9.5%. Another macro control and monetary tightening measures are 4,5 months before the beginning of the first half of the company's overall operating performance was less affected.
At present a report to be released into the medium-term period, as we mentioned above, A little room up the valuation of stocks and funds tight surface under the action of two factors, broad based, the pattern is unlikely to appear, the differentiation of individual stocks will be intensified, but this time the average medium-bright or not reported to a large extent determine the trend of individual stocks.
We can also use the Quotes previous mid-year report to prove this, let's look at the past few years of the mid-year report published the previous time trend of Quotes.
We started in 1999, statistics show that, generally 7-8 months each year is the mid-year report quotations for the development and deepening of the time period, although the index during this period there are up and down is not exactly the same trend, but in general is still has the following characteristics: first, the general index in July to August on a great probability to have a good trend, the overall operation is relatively stable, and a greater chance of; in August, followed by a general disclosure of mid-year report period of the concentration of the market's overall performance generally to be slightly better than in July. 7,8 reported that the mid-period, the index is relatively stable operation, the overall rebound in a greater chance for investors to focus.
In addition to statistics, during the mid-year report Quotes biggest characteristic of the performance of individual stocks is mainly around the performance to start up the largest share intensity is mainly mid-year report strong growth year on year performance, or losses of species, such as the 2004 mid-year report or the top 10 during the period, there two stocks are losses, seven stocks are substantial growth year on year, and only a part of the stock fell, indicating the strongest gains Yejiyuzeng stock. In sharp contrast, the sharpest decline during the mid-year report is often the performance of the stock up sharply or the delisting of the species, during the mid-year report 2004, the largest decrease in the top 10 stocks, there is only one part of flagging, 7 belong to a sharp decline year on year performance, and only two stocks belonging to that experienced growth year on year performance.
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Thus, each month a mainline 7,8 will always be opportunities for mid-year report, mid-year report opportunities are mainly experienced growth can be reflected in the performance of individual stocks, whereas the market risk is mainly reflected a sharp decline in performance or face delisting of the underperformance Unit plate, which is an important reference value.
In view of the above rules, we think that the existing investors in Guangzhou Bandung Network Center Daily News Quotes should be started to pay attention to develop and deepen. With daily news disclosed approach, the 2006 interim results are expected to fast-growing company's share price may be phased properly take the recent mid-year report before the announcement is a better bargain-hunting time to intervene in such stocks.
However, institutional reform, a catalyst, this year choose from a number of topics, such as the private placement, merger and reorganization, etc., thus dividing the funds on the growth of performance focus. Coupled with increasing shares of the pre-quarter results mostly in an already uncertain, so until now this year's semi-annual results may not be much surprise. In other words, semi-annual performance of dark horse small, semi-annual performance waves in previous years, relatively speaking, should be relatively limited.
But this does not mean that semi-annual performance is not a cause for concern. First, the opportunity still exists Yejiyuzeng stocks, because Yejiyuzeng is a dynamic process. The individual listed companies in the industry environment changes in circumstances, the second-quarter results for the relative first-quarter results of a more substantial increases. For example, G confidence, in the first quarter when the quarterly results is expected to grow 100% over a range of industries in recent information indicates that company's main products amorphous transformer sales began to break through the bottleneck, in such circumstances the performance is expected to exceed the original expectations.
In addition, A-share market system, perfect and a series of provisions associated with semi-annual report for some Yejiyuzeng laid a solid foundation for the stocks. For example the Commission let him go now to seize the major shareholder of arrears clearance for the performance of listed companies to lay the foundation for growth in many major shareholder in the case of no cash to repay all the way to inject high quality assets, liquidation of arrears, this injection manner in which assets of listed companies tend to make a substantial increase in profitability. ST Jiang mud is an example, in the debt settlement in the injection of ore resources, making the company's fundamentals as well as the performance of profitability have been greatly improved. For example, re-stock reform is also expected to inject high quality assets, the company's performance makes the emergence of new growth impetus, therefore, become a listed company to promote rapid development.
From the perspective of industry analysis for the industry boom degree of change can provide us with information. For instance, we Guangzhou Bandung Network article alluded to the construction machinery industry, its performance was in 2005, began to decline significantly, but in export growth, Eleventh Five-Year plan, the construction of new countryside, spurred by this year the first one-quarter industry conditions greatly improved, interim results will undoubtedly have better performance, especially in this industry-specific equipment industry cause for concern.
In summary, although most of the pre-growing stocks in their stock prices have gained the corresponding performance. But the performance change is dynamic, we can from the industry boom, a quarterly performance of listed companies expected to bring the asset into the sound system, etc. Performance Center Daily News Mining stocks have growth potential investment opportunities.
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