Subscription of new shares subscription of new shares has five doorways reading skills financial ma

Category: Money tips Release Date: 2007-05-12

IPO floodgates in the shares after the subscription of new shares of zero risk and high returns to attract more and more investors. However, the amount of personal funds and the channels are limited, successful probability is very low, ordinary investors is difficult to share the new shares of the high returns.

From the current shares of successful outcome, the Bank of China because of large plates, a record of more than 6% of the highest success rate, but other new shares in the success rate is about 3%, experts suggest that, in general, playing new shares according to the time to fight stress segment, the stock market opened daily, 9:30, 15 o'clock closing, in accordance with the normal distribution law of the highest success rate is from 10:30 to 2:00 pm time.

High and low success rate and the amount of money off the stock size of dinner plates have a relationship, in general, large capitalization stocks outside the financial resources Siwuqianyi purchase, small-cap stock funds purchase some 100000000000-200000000000.

But because of new shares subscription of funds necessary to freeze the week, if the shares do depend on earnings, according to current market opportunities does not pay.

The best is the opening fight on the sale of new shares, generally speaking, the opening price of new shares is difficult to estimate, including the Middle East International, we are all determined that the 12 yuan to 15 yuan, eventually rose to 50 yuan, there is no an expert judicious.

The trend of new shares is based on market conditions. If you encounter this time adjust the end, possible to open lower, but the relative concentration of issuing new shares, the relatively high success rate. If the increased risk of this market, have begun an ominous sign, and this time the new shares, usually Gaokaidizou.

This week, there are five companies online cash purchase, and July 18 there Hengdian East magnetic, 19, a Poly Real Estate, Tin source of science and technology, 20, has Weier Tai, 21 are Daqin Railway. Datong-Qinhuangdao railway financing in which the size of over 140 billion yuan, the Bank of China this year after starting the second largest financial scale.

The five fundamentals of listed companies are as follows:

Hengdian DMEGC

Purchase Time: July 18

Purchase Code: 002,056

Subscription information: This offline objects to the placing of aggregate issue price of the tender inquiry range was 9.00 yuan / share ~ 10.60 yuan / share. The price range for the corresponding range of price-earnings ratio 20.45 times to 24.09 times.

Company's basic situation: The company is an internationally competitive manufacturing enterprises of large ferrite magnetic material, but also the only one ferrite and ferrite million tons over the same time, output of business. As of 2005, the company's production reached the world's first permanent magnetic ferrite, soft ferrite production has been ranked first in the country. 2005 realized main business income of 938.7493 million yuan, increase of 8.93 percent over the same period the previous year, achieving net profit of 87.793 million yuan, increased 43.03 percent over the same period the previous year.

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Risk Tip: Since 2002, the company's accounts receivable balances increased by a big margin. As of December 31, 2005, the Company accounted for the book value of accounts receivable current assets of 51.77%, there is the risk of bad debt losses.

Tianyuan Science and Technology

Purchase Time: July 19

Purchase Code: 002057

Subscription information: This offline range placement of the issue price of 4.04 yuan / share ~ 4.68 yuan / share. This range corresponds to the price earnings ratio ranged from 23.81 times to 27.57 times.

The basic situation: The main products of manganese tetroxide national market share of more than 30%, ranking the country's second, Y33, and R12 high-performance strontium ferrite pre-burning materials products are all exported, the level of product quality ranks the leading position of domestic industry.

Company's main business income of the last three years a significant increase of 82.2537 million yuan from 2003 to 2005, 209.1254 million yuan, an increase 126.8717 million yuan, an increase of 154.24%. Increase in income mainly from magnetic material and magnetic separation devices and related equipment. The company magnetics products and sales have been growing, and the product gross margins remained stable has grown, and product raw material prices to stabilize at the same time as the adjustment of product structure, product quality improvement, product price stability and a slight increase, no significant impact on its profitability continuity and stability of disadvantages.

Risk Tip: As for the magnetic separation and related ancillary equipment are subject to fluctuations in the downstream steel industry.

Poly Real Estate

Purchase Time: July 19

Purchase Code: 600,048

Purchase information: The network of Inquiry under the placement interval: lower limit of 12 yuan / unit, ceiling 13.95 yuan / share. Issue price-earnings ratio range of 16.22 times to 18.85 times.

The basic situation: the company from a regional real estate development enterprises to rapidly grow into a large national real estate group. 2003 to 2005, the company's total assets, net assets, the average annual growth rate of sales and net profit reached 107.90%, respectively, 53.29%, 94.75% and 141.04%. At present, the company in Guangzhou, Beijing, Shanghai, Wuhan, Chongqing and other places with land reserves planning construction area of 8.77 million square meters, and holding subsidiaries 24.

Risk Warning: the company's main business is real estate development, sales, leasing and property management. Macro-policy tightening, the expansion of the company's speed and the scale will be a definite impact.

Weier Tai

Purchase Time: July 20

Purchase code: (002,058)

Inquiry stage of the company is still in the release.

The basic situation: main business engaged in production and sales of industrial automation instrumentation and engineering automation control systems, instrumentation integration services. Company in which industry is a key state to encourage the development of technology-intensive industries. Electromagnetic flowmeter in recent years, the production, distribution expanded and the proportion of main business revenue increased year by year. In 2005, the company's total profit and net profit of 16.7737 million yuan, and 13.1725 million yuan, respectively, compared to 2004, down 34.81% and 37.12%.

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Risk Tip: cause the Company's gross profit and net decrease is mainly due to a substantial increase in corporate expenses. If the company acquired the technology in mass production and application of unstable and immature, will not be able to achieve the desired results, there is some risk.

Datong-Qinhuangdao Railway

Purchase Time: July 20

Purchase code: (601006)

Subscription information: The company is still in the stage of issuing inquiry.

The basic situation: The company is based on an integrated coal transportation rail-based transportation company, is responsible for China's "west-east coal," the strategic task of the largest coal transporter. Sinotrans capacity of coal-based company's continued growth and competitive position of the consolidation of providing adequate protection. The company in 2003, 2004 and 2005, cargo revenues were 5.13 billion yuan, 72.0 billion yuan and 12.2 billion yuan in 2004, year 2005, freight revenue increases of 40.4% and 69.4%.

Risk Warning: The company faces competition from the major road transport, coal, subject to economic fluctuations in market demand for greater impact. Datong-Qinhuangdao railway line of the implementation of large sand abundance of coal transportation for special tariff rates by the state to approve the making, higher than the national average. If the State level and structure of the tariff adjustment, might have on the Company's financial condition and results of operations adversely affected. In addition, if the design loading and unloading capacity of Qinhuangdao Port can not be with the company simultaneously increased traffic growth, or the actual loading and unloading capacity of Qinhuangdao Port can not meet the company's coal transport demand, or the company's failure to use other ports in the expansion of coal loading and unloading capacity, this the company's transportation operations are to be adversely affected. If the energy and raw materials prices rose sharply further, the company's operating performance will be adversely affected.

(The above earnings per share in 2005 by the accounting firm in accordance with auditing before and after deducting non-recurring gains and losses at the lower of the net profit divided by the total capital stock after the release of this calculation.)

â—?five new shares for subscription program

Comprehensive comparison of the above five fundamentals of the company, taking into account the factors that the freezing of funds, as small amount of money the average investor in five listed companies, only choose a subscription opportunity to purchase two sets of programs are given: a, purchase, issue size the biggest, but the success rate would be the highest in Datong-Qinhuangdao Railway; two, purchase the lowest price-earnings ratio distribution Poly Real Estate.

In addition, the analysis of the current has listed five new shares, starting at 100 million shares of the number of shares of companies listed on the first day of the following shares rose more than 75%; Bank of China, such as the super-aircraft carriers, or will be listed on the first day of the stock fell to 23%; Listed on the first day the higher the stock turnover rate, relative or greater; the success rate is proportional to the size of the basic and distribution; subscription rate of return is even more mainly depends on the fundamentals of listed companies, has nothing to do with the issue size, but the first day of change and listing is proportional to the rate of the basic hand.

Therefore, the higher the turnover the first day of listing of shares on the first day and the purchase or the higher rate of return, in the purchase, the investor to obtain a higher rate of return, the main choice of fundamentals is more excellent, starting with low price-earnings ratio listed companies, such as Datong Coal Industry.

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