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Data:2009-12-12 2:34
â–?Wang Shun great era Investment Securities Daily
Of new shares this week, running status:
Pre-listing of three small plates with the Datong Coal shares, dragged down by weakness in the broader market, there Suliang order situation. Bank of China hit a new low this week on the market sentiment is not a small effect produced, but also a further blow to the new enthusiasm for the market speculation. Bank of China A shares and H shares up 3 percent worse resale values once this week, the stock closed out the five cross-Star, from the disk has a certain amount of stabilized meaningful analysis. As the unit is currently at a relatively lower position, in addition to other than the first day of listing, as of this week, five of the cumulative turnover of 47.51%, most of the money is stuck on the lock to play the role of bargaining chips. Moreover, the current stock price already has a long-term investment value of the stock market outlook is expected to lead the broader market gradually stabilized and rebounded.
This week, IPO situation:
This week, issuing five new shares, but the former four corporate finance small scale, 18 and 20, respectively, the companies offering online Hengdian East magnetic, and Weier Tai, 19 days of the two companies are the source of technology and Poly Real Estate. The real main event is the Friday release of the Datong-Qinhuangdao railway, which is the secondary market, after following the Bank of China has once again released a super large capitalization stocks. Issue 106,060.6030 shares, the company issued this total of 303,030.3030 shares, issue price of 4.95 yuan / share, corresponding to 18 times earnings, the actual fund-raising about 50 billion. While it is expected the next three years, the company's turnover and net profit will be a certain growth, Liu Tongpan because of its huge market position price is not high, some analysts have predicted 5 yuan to 6. Yuan.
Future IPO investment strategy:
Investment in shares and sub-shares should pay attention to its own rules and IPO shares times the market performance, over the years has carried on a cyclical nature: Dikaigaozou opened low �high �high opening away �Gaokaidizou �opened low .
This is because: When investors are optimistic about the same time shares Quotes when IPOs are often one step higher open afternoon the lack of profit margins, and some investors even be fitted, such as: Shanghai Pudong Development Bank (600000), Sinopec ( 600028), etc., prior to the listing of these companies had been generally optimistic investors, the result after the listing of shares in one step, and then face up to several years of bear market.
Poor performance in the sub-IPO period, the investor enthusiasm for shares of speculation will gradually cool down, the positioning of IPO will be getting lower and lower, such as: Quotes of 2002 shares opened lower on in Gaokaidizou �Di Zou stage. Until most investors are not concerned about meeting new shares Quotes When IPOs are often able to get a low open place, and then expand the magnificent market, entered Dikaigaozou stage, such as: the beginning of 2003 listed CITIC Securities is positioned close to the issue price, while the market funds attracted attention, and thus out of the strong recovery of the highs.
The recent IPO was more than a year to suspend the case of issuing new shares in the market and accumulated a long period of "firing new" debut when warm, so the work will appear in the international market rose to 50 after the madness of " scene. " But this is speculation for the post of new shares is detrimental to the current shares are already in Gaokaidizou phases. If the afternoon forced expansion to accelerate broad market and interest rates and other negative factors arising from a long time to adjust, I do not rule out the initial public offering direction to the opened low possibility. Of course, this case is also the most likely dark horse when the birth of new shares.
