Category: Money Tips Date: 2007-01-12
Shareholders Lee: Yesterday, the two cities Adds 5 G Unit - G blond, G Hang Seng, G Hua-jing, G Hite & G seven wolves. However, the 5 G Unit, the first day of performance, average, or about 12%, higher than the first day of the previous average growth fell by more than 10 percentage points. G Unit split is inevitable, how can we effectively small and medium investors to avoid the risk of them?
Guo-Hong Liu: First of all, small and medium investors to understand that G tradable shares to solve the problem in the process of innovation in product, is due to the introduction of compensation for price, that is the majority shareholder for the circulation of existing tradable shareholders after the stock price of their holdings decline in the loss carried out by the compensation, which makes an increase of the current market out of thin air a so-called "interests" Those fortunate enough to catch the express train the second batch of stock reform has good access to short-term gains, money market funds rose effect of stimulating the enthusiasm of chasing.
However, the share reform of listed companies is essentially a redistribution of interests, not to enhance the company's overall value. Listed company's main business income and will not be "G" hat to upgrade, the leading product not because the "G" cap and worth a hundred times, after all, after the share reform of listed company's performance will be no fundamental change. Such re-allocation from the perspective of assets, regardless of how much of the price on the circulation of the shareholders is at least beneficial. However, analysis of the current upsurge of G Unit, was mixed Nishajuxia trend is clear, not all stocks have investment value. For example, G Longsheng, G Keno, G Biography of Deng Jun in the textile industry chain, according to statistics, 84 textile and apparel across the country, over Bacheng oversupply of goods. Business investment in low-blind product, the market price competition seriously, but by imposing export taxes, reduce and re-export textile trade disputes, and other such factors, some textile export enterprises will have to find a way out from the domestic market. Difficulties in the textile industry through the industry chain will transfer to the related industries in the past.
Therefore, the current G shares tradable after the resumption of non-rational speculation, and ultimately create a new bubble. There is indeed the policy intention of G Unit tilt, but full of G Unit, this advantage ceases to exist. Investors participating in the reform "treasure hunt game", do not give up because of the short-term interests of the concept of value investing.
