Category: Money Tips Date: 2007-03-23
The recent A-share market gradually hot stock and other non-ferrous metals from the pre-plate transferred to the M & A-related stocks, especially the ST segment in the near future a strong trend. In fact Reconfigurable right price does not change stock reform underperformance Unit provides a new idea, especially for the ST shares of listed companies such as the reorganization has injected new vitality, which has entered the "tackling" phase of the share reform has a demonstration effect . this is bound to enhance the probability of reorganization of ST shares, while ST segment shares are cheap, are extremely speculative. Therefore, never share reform panel in Denver, they should first section to start from the ST.
Specific operation does not change the ST shares of stock, we need attention to its fundamentals, through the precise options to circumvent the uncertainty brought about investment risks. Among them, there are several types of relatively low risk of ST shares can pay attention.
First, a substantial reorganization of the theme of ST shares. Concerned about the structural condition of the equity of such stocks and equity size. Relatively speaking, the smaller the total capital stock, restructuring easier, the probability of success larger, the corresponding value of a larger shell resources. Which has a strong controlling shareholders or actual controllers, in the current context of the expected full circulation, controlling shareholders or actual controllers of price and secondary market stock price is closely related to the backdrop, it is highly likely to inject high quality assets, such as the ST Jindi, ST Tun River stocks. At the same time, there is a certain strength of the expected restructuring of the controlling shareholder of ST-day-yee, ST happiness and other firms may also be properly recognized.
Second, ownership of assets, or highlight the fundamentals of the assets of the estate there is a competitive advantage may also be concerned about. Because of such assets is very likely become the new focus of industrial capital, such as * ST Arata, * ST Tianfa and other firms, including * ST new value-added services in the telecommunications field is too competitive advantage has become a highlight of foreign acquisitions, while * ST Tianfa gas stations and oil depots in the business, the assets of a certain competitive advantage.
The third is concerned about the quarterly earnings ST stocks have been given notice. Such ST shares higher degree of transparency, dramatically reduced the investment risk. Up to now, has not yet share a quarter of the pre-reform in 2006 there are a growing company * ST transit; announced that there were three losses, including the * ST Arata, * ST Tang Tao, * ST Kim.
Fourth, the ST unit's net assets and loss of degree of comparative analysis. Although there have been some serious stock losses, but a higher net asset value, you can cancel each other out loss-making, so that those risks are lessened external restructuring is conducive to improving the success rate of reorganization; or major shareholder of the stronger, in order to support the share reform, large company's shareholders are likely to inject quality assets ST. Which ST Heiner, ST Asia and China and other firms in price-earnings ratio is still below 20 times.
5 is to select the new ST companies. ST stocks in the new year, mostly in the fourth quarter of 2005, a lot of accrual, number of listed companies in 2005, the first three quarters of reports are still profitable, but in the fourth quarter, after a significant accrual by immediately causing in huge losses throughout the year such a company there are still eight of such shares if the share reform and restructuring can be effective in conjunction, will give investors a great opportunity.
