Category: Money tips Release Date: 2007-01-23
温故而知� By 2005 the annual decline in the top 30 stocks rose for statistical analysis, will help us to better grasp the interpretation of the law of the annual hot spots.
Top 30 Five Year Inspiration
Statistical analysis showed that this year's top 30 stocks or highlight the following similarities to the market five enlightenment.
Growth is the greatest force of rising stock prices. Data from the table below we can see that this year's top 30 stocks rose, in addition to G and G Hangzhou Silan Microelectronics Jinshan, the remaining three quarterly performance of individual stocks in 2005 there was a substantial increase in both: Statistics show that 30 stocks in 2005 in the first three quarter net profit increased 66.88% year on year, with its stock price rose 70.81 percent on average this year, the basic synchronization; while at the same concern is that these gains are not the highest in the forefront of some of the low price-earnings ratio and low book value of stocks, on the contrary, its weighted average price-earnings ratio and the book value above the average than those in the market nearly doubled: As of December 22, this year or before the 30 stocks weighted price-earnings ratio and book value-weighted, respectively 32.77 times and 2.93 times, while all the A share price-earnings ratio price-earnings ratio, the Urban respectively, the net rate of just 17.54 times, 1.68 times. Can see that buying stocks is to buy the future, growth performance was the driving force of rising stock prices, rather than static price-earnings ratio and book value.
Gradual replacement value favored by the market. Property from the industry perspective, with the 2004 cycle of the economy, especially in 2003 the industry share the phenomenon of monopoly or table in stark contrast, the highest in the forefront of this year, stocks rose more than some defensive non-cyclical industries such as retail, food and beverages, etc.; property from the listed companies to see, among the biggest gainers was more concerned about some core competencies, brand strengths and advantages of natural resources or network resources such as replacement value of the stocks highlighted, such as OCT A, Suning Appliance, Changyu A, Baoji Titanium Industry, large commercial stake in Guangzhou Friendship and so on. Can be expected that full circulation after the stock market will mature into greater conformity with the foreign listed companies merger and reorganization will also be entering the era of the market, foreign mergers and acquisitions will also be surging. Particularly the banking, transportation (roads, ports, airports), retail sales, China time-honored brands (traditional Chinese medicine, wine, food) and some have natural resources, characteristics of the brand, monopolistic advantage, or have a better marketing network and sales channel to market company, after full circulation will highlight its high replacement cost of its acquisition value.
The rise of speculative hot spots. Similarly, in 2004, especially among the biggest gainers in 2003 are uniformly Awkwardness of Fund is different is that this year or the highest in the top 30 stocks, as many as 12 stocks were among the top ten shareholders quarterly this year to find less than investment funds figure, and even topped the rise of the G Tianwei. Indeed this year, in the absence led investment products, funds, QFII and other mainstream institutions are unable to reach a consensus on a unified investment under the premise of value investing is losing mass base for the past, replaced by the concept of a number of themes prevalent speculation. Statistics found that many major gainers was the subject of a number of high price-earnings ratio concept stocks, such as new energy-related stocks G and G Tianwei Feng Yuan, share capital structure gap G shares of stock subject to change permanently, and even the ST and ST Tuen agricultural River ST class stocks.
