Category: Money tips Release Date: 2007-01-06
Yesterday, stocks subject to small and medium plates "pilot" the expected impact, the two cities appear small-cap stocks generally rose, as markets have long been forgotten group, small-cap stocks once again active again. Of course, the strength of this small-cap stocks is the direct cause of "pilot"; but the same can not be ignored is that, after a long decline, the value of the Fund represented by an advocate for investment in small-cap stocks have a new understanding, not then too paranoid in the large capitalization stocks. The investment value of small-cap stocks are expected to be revalued, it will be active in its long-term basis. Recently, many fund managers have publicly stated on various occasions, Liu Tongpan size will no longer be the main basis for his stock picking, as long as undervalued stocks are worth buying. Front of the small-cap stocks are more popular high-quality stocks, obviously has been part of the bodies.
We note that, since the broad-market index stocks started to adjust, the focus on company performance growth potential of the fund companies has been maintained to the concerns of small-cap stocks. First quarter of 2005 figures, fund investment companies to small and medium company's board to conduct small-cap stocks, represented by a more significant Masukura. Such as the aerospace electrical data show that a quarter of the Unit Liutong Pan for 2570 shares, the Fund Anshun 1 million on the holdings of at least 210, Hua innovation at least more than 70 million holdings. At present, the company's production and operation showed a good trend, the market orders increased significantly year on year, production tasks are very full, a relatively large year on year sales growth in a number of products developed by the original designs have been finalized and put into mass production, does not rule out the fund to further Masukura possibilities.
At the same time, as a mature investment philosophy advocates, social security fund and QFII also a special liking for small-cap stocks. If Ma Ying-lung circulation of only 1,800 shares of capital stock belonging to a super small-cap "stocks pocket." The shareholders of the company to disclose the information it displays, the National Social Security Fund 102 Portfolio, 106 combinations are entered its top ten in circulation among the shareholders, of which 102 positions as a combination of 46.05 million shares, 0.90% of total share capital is the company's first a major flow of the shareholders; QFII United States-UBS is also Masukura the first quarter of 3.58 million shares of stock, to 33.87 million shares of positions among the fifth-largest shareholder of the listed circulation. At present, the company's leading product family governance hemorrhoid 30.69 million yuan sales revenue, gross margin was 81% higher than in 2003 and 2004, nearly 76.5% increase 5%. As the company is faced with a more distinct market segments, it expects 2005 per-share results to 1.10 yuan. This shows that good performance is expected to be involved in social security and the QFII key to small-cap stocks.
Historical experience has repeatedly shown that, in the broader market the key point and the first to launch a variety of rebound led most of the technical side of the small-cap stocks seriously oversold. However, the fundamentals of individual stocks mixed, investors should take the following four kinds of operation strategies.
Concerned about the price, a key factor. Historical experience tells us that many small-dark horse is started at 4 yuan, and from this perspective, some of the price advantage of oversold stocks higher. Chong Hing science and technology, such as 29.88 yuan from the highest to the lowest level has dropped 3.35 yuan, to restore the total price drop of more than 75%. In stock severely oversold conditions, the more obvious heavy volume at the bottom of the unit, the cumulative changing hands at more than 20%, the stock prices at 4 yuan below the center line has a certain bounce space.
Note that the total equity market capitalization and the size of the circulation. The smaller the total capital stocks, the easier re-float market capitalization of small stocks and the ease of the main Kongpan, the greater the short-term gains Quotes. As up to start Liutong Pan is only 2100 shares, with a total capital of only 5352 shares. Since the April 27 start, the stock has been rising from 7.18 yuan to 11.26 yuan, during pull-out limit-6, the cumulative rise of 48.89 percent, with the market's medium-term trend of sharp contrast.
Pay close attention to high-quality listed companies, valuation expectations. If Pien Tze Huang's announcement that June 2, 2005, the Company received the State Endangered Species Import and Export Management Office "on the company agreed to allow the export of wild animal products export certificate issued by the notice", the document agreed to国家濒管办Fuzhou office for the company to allow the export certificate issued by CITES, the company exports back to normal. Meanwhile, the company's main business revenue in the first quarter, net profit fell significantly increased by 50%, and full-year EPS growth is expected to occur year on year, the fund's performance and valuation of their expectations are relatively good, should attract investor attention.
Times the value of mining shares. In general, the shorter time to market of stocks, a pulse of the more stronger. This is mainly because, on the one hand, the recent sub-shares listed on a lower position than the corresponding shares of the relatively large number of Zhang Sheng space; the other hand, shorter time to market of stocks, the upside resistance at relatively mild rally in the market once the started, will show more flexibility.
