Category: Money Tips Date: 2006-09-19
Source: Northeast Securities Author: Zheng Li Ting
Tuesday, the Chinese Securities Regulatory Commission Fashen Wei notice a piece of paper that will be held June 9 will be the 6th-fat trial, reviewing the Bank of China IPO application. Prospectus draft declaration shows that the Bank of China plans to issue no more than 100 million shares A shares. Quiet for a year-long IPO finally open their floodgates and ushered in another a giant A-share market will soon landed in a huge pre-expansion pressure on the broader market chose Suliang oscillation order, the market once again need to support the market before the IPO funds escort. SFC, would you?
Today, however, the industry giant International 250 billion new shares of stock subscription funds, while still outside the capital that is very abundant, some of the more risk-averse funds are rushing to a capital market risk-free return, but the direct result of the recent broad market turnover the amount of shrinkage. Recall that last week, was once a quarter, "China's Monetary Policy Report" triggered by interest rate increase was to clarify the rumors though, maybe take a little of the tight monetary policy.
Disk of view, Tuesday finishing tape out of the oscillating movements, a dramatic drop in volume, Qian Qi gateway was never touched. Concentrated in some of the hot topics and outstanding shares of stock reform of the ST shares, the Shanghai Automotive, Yizheng Chemical Fiber and a few other heavyweights on the entire tape played a stabilizing role in addition, textiles, ports and other sections performed well, while the non-ferrous, aerospace or military, and other pre - a huge mainstream varieties continue to adjust, showing speed in the context of IPO investors become more cautious attitude. We believe that, with the value found in the gradual transfer of funds model-driven change in the risk of individual stocks will gradually increase, while value stocks continue to be institutional investors continue to be optimistic, the stock split will further the evolution of the structure.
We still believe that as long as the management CAREFUL IN THE SUMMER, IPO process, more rhythmic, as long as an investor-oriented management based on the principle of a good job of listing mark, 1700 points, 2245 points, nothing, are bound to be trapped under under the footsteps of historical progress. However, the short term, IPO on the impact of the broader market does indeed not be ignored.
In the IPO before the tape is running a low-key period of time may be very normal, to mark a breakthrough Qianqi funds needed to support the market. The individual stock selection, we consider the choice of these results for the explosive growth in individual stocks become the primary target of anti-systemic risk. With the Department of the Ministry of Finance issued the implementation of new accounting standards, with value-added potential for hidden stocks inevitably emerge, and this factor will become a powerful impetus to stock up. If G Yimin (600,824): The company established in Shanghai local business unit, located in Shanghai downtown lots, commercial real estate has a total area of 137.8 thousand square meters, mainly in Huaihai Road, Ruijin Road in the prime downtown location, in order to Huaihai Zhong Road, the biggest "land king." It is currently the core of Huaihai Road, lots of shops in the underlying price has risen to 15 yuan / square terms, the underlying commercial real assets reached 1.9 billion of the huge, value-added space very broad, value significantly underestimated. The Unit is currently being fund, QFII, brokerages and other institutional investors Shigekura handle. The secondary market, the stock poised full afternoon is expected to accelerate to the upside.
