Category: Money Tips Date: 2006-02-16
Source: Kim Merrill Lynch Investment Authors: Huang Min Hong
Monday tape showing unilateral rally. Early benchmark Shanghai Composite Index opened lower by 1635 points, homeopathy, and then shock upside, Zhong Pan index to close at 1657 points on turnover of 17.8 billion, representing a slight decline the previous day.
Message level, the current IPO system will be major adjustments to inquiry. First of all, to simplify the pricing of listed companies, the SME board process, and secondly, offline and online distribution will be placing the same time, the third, the initial inquiry and further clarify the relationship between the inquiry and the accumulated bids, fourth, relaxed underwriting groups involved in consultation price restrictions, in the future, in addition to self-lead underwriters business, the other syndicate members will be able to participate in inquiry and purchase outstanding shares, while the lead underwriter of the asset management business participation in inquiry and purchase of new shares will also be put Inquiry open, Fifth, further strengthen the management of inquiry objects. The future, a clear violation of inquiry provided for those who go against the principle of good faith, random quotes institutions, agencies and sponsors sponsor representatives will be entitled to cancel its presence in the second issue of the placement eligibility. Management hopes the issuance of securities business through a complete set of laws and regulations, thus completing the distribution system in the approval system under reform. In addition, the semi-annual disclosure is completed, the reformed companies have market capitalization of over 90%, A shares of the weighted average price-earnings ratio of 20.36. Semi-annual results better than expected, which is supported by Quotes to take a good composition.
Secondary market, the broader market today, Friday swept away the haze, heavy volume rose. Hot intraday constantly rekindle investor enthusiasm to do more. China Merchants Bank launched today, will be in Hong Kong H shares issued an international road show, last Friday the bank has determined the initial offering price range is from 7.3 to 8.55 Hong Kong dollars, although slightly lower than previous market expectations, although the stock of high-growth market has been recognized . China Merchants Bank, today the performance of G stable, other bank stocks also showed a slight upturn. Meanwhile, China Air sideways shocks in the past 10 trading after heavy volume rose. Broad-market index that the performance of stocks on the market confidence and stability has played a key role. Today, most eye-catching performance was undoubtedly the Beijing section, involving a wide range of industries. Financial stocks, commercial chains, as well as tourism, those who share the concept of Beijing all stained up. Has a theme of Beijing Olympic Games section has been active for a long time, a lot of money involved. Beijing bid to host the Olympic Games will bring tangible economic benefits, and related companies will benefit, so the plate will be a longer period of time repeatedly active investors in the long-term concern. In addition, the military plates experiencing continuous callback last week, after today's break out again. Limit-space technology, space power, the rocket gains among the forefront of shares, etc.. As the needs of the national defense strategy, in recent years in the military industry, a new round of trade boom period, the relevant listed companies, profit margins on the rise. Listed companies currently ongoing defense a series of asset restructuring, military assets, as well as the group as a whole into the listing will be the key to the future Aspect of the plate. Investors may pay close attention to the rocket as the representative of the military theme of shares outstanding stocks.
Taken together, today's stocks in 10 and 60-day moving average of the dual support, the strong rebound. From a technical point of view, stock index completed a 60-day moving average withdraw sword after the break to confirm and return to five-day online side. Disk hot spots continue to do multi-energy re-release of tape will face afternoon break. Comprehensive judged: Bullish
