Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-10-10
China Merchants Securities Sales Department shareholders Sungang Road, Hu Q: Handan Iron & Steel buy-back program has begun to implement similar programs listed companies can make beef stock price up?
Zhang Zhimin: Shenzhen and Shanghai stock market was once a talk about grabbing the money do not speak of market returns, investors have very objectionable. Repurchase emerge, it will break this chaos means for misappropriating situation. Now bring it money to buy back stock, there is no good reason to be difficult to re-financing, which to some extent, reduce the listed companies, the impulse disorder enclosing money to enhance the company's intrinsic value.
As the first buy-back program approved in a listed company, Handan Iron & Steel stock has been below net asset per share. Through the repurchase and cancellation of shares, the company's existing shareholders equity has increased, the net return on assets improved, without affecting the company, based on the company's earnings per share will also be able to grow. In theory, this will serve to strengthen confidence in the role of shareholders. If the listed companies to voluntarily buy back shares, then, to enhance the role of stock prices will become more apparent. Handan Iron and Steel with the buy-back program is approved, Shanying, Yinjifazhan, Valin pipeline, also intends to follow suit. Once the buy-back transactions to become widespread, will be recognized by more and more investors, thus becoming a stable secondary market price and value of the discovery of effective measures.
