Social Security fund subscription nearly billion

Absrtact: The National Social Security Fund has invested nearly billion yuan in the first video (0082, closing price of HK $0.77) Champion Tour (NASDAQ:CMGE) in its subsidiaries, causing high concern in the capital market. Shares soared yesterday (November 19) After the first video card

The National Social Security Fund has invested nearly billion yuan in the first video (0082, close to HK $0.77) in its subsidiary Champion Tour (NASDAQ:CMGE), in the capital market has aroused high concern. Yesterday (November 19), after the first video card, the share price soared 19.18%. Despite the close, the first video was narrowed to 5.48%, but the rare investment action of the Social Security Fund remains a hot topic in the investment circle.

Social Security fund subscription nearly billion

November 15, the first video release announced that the Nasdaq-listed subsidiaries of champion Tour in the private placement of the company's stake, placing prices for each share ads (US depository shares) 14.5 U.S. dollars. In this share placement, the National Social Security Fund's participation becomes the biggest aspect.

The announcement showed that the Social Security Fund to work Silver Credit Suisse Asset Management company for investment manager, subscribed to 1.035 million Chinese hand tour ads, the amount of 15.0075 million U.S. dollars (about 9145.34 yuan) QDII Workers Suisse China Opportunity Global Configuration Fund subscribed to 88,000 Chinese hand tour ads, ICBC to subscribe for 10,350 shares of Chinese hand tour ads.

Yesterday, the Social Security fund to buy a Chinese hand tour of the news stimulus, after the first video after the resumption of the initial stock price has risen sharply, the highest increase of 20%, but the end of the final gain narrowed to 5.48%.

The Social Security Fund shares China's hand tour, indicating that the agency is very optimistic about it. But it is worth mentioning that the first video of China's hand tour of the share of the shares fell. The first video says the company currently has a 50.54% per cent stake in the Chinese hand tour, which will be diluted to 48.49% per cent after the placement is completed.

Chinese tour five times times higher this year

In the A-share market, although the concept of hand tour this year is very hot, but the Social Security Fund very few similar investment action. Yesterday, affected by the news, a A-share market, the concept of hand-swimming technology (300315, closing price 33.74 yuan) rose 8.49%.

For the Social Security Fund, the safety of investment is always in the first place, the cost of nearly billion shares in the hands of the shares, some surprised the market. So why would the Social Security Fund, with its pledge of "stability", invest in a Chinese hand tour of the Nasdaq-listed company?

The daily economic news reporter notes that China's share price has risen significantly since this year. At the start of the year, China's share price was only 3 U.S. dollars, but it rose to $23.35 by October 24 this year. By yesterday's 18.4 dollar closing price, China's hand tour has risen by more than five times-fold this year. The 14.5 dollar stake in the Social Security Fund is not low.

"Hand tour in this field of the future market growth space is gradually being recognized by institutional investors and recognition, some quality hand tour company profit certainty is also emerging." One market analyst said.

Financial data show that 2011 China's hand Tour has realized after-tax profit of 163 million yuan, but 2012 net loss of 14.473 million yuan. In the third quarter of this year, China's tour of the loss, achieving net profit of 25.6 million yuan, compared with the same period last year only 1.6 million yuan.

Response: Social Security values business model

Yesterday, the Chinese Hand tour CFO Zhang Feihu in the snowball online with investors online exchange. The stake in the Social Security Fund remains the focus of investors ' attention.

Zhang Feihu said, "The Social Security Fund is China's National sovereign fund, its investment in China's hand tour allows the group to further consolidate its goodwill, reputation and institutional investors recognition." ”

Some investors ask, the Social Security Fund is the most important value of what is the company? Zhang Feihu replied, "I think they may value the Chinese hand Tour has a strong product selection and distribution capabilities, management team and distribution + research and development of the business model." ”

Zhang Feihu said the number of paid subscribers to Chinese hand-tour social games has grown rapidly, with growth mainly from the success of independent research and development and third-party distribution games. "We have four game growth faster: happy fried gold, Monster Island, martial arts Q biography and a Q version of the Ninja card game." ”

Some investors hope that Zhang Feihu analysis of the current Chinese mobile phone game market patterns, as well as iOS and Andro respectively accounted for the situation, Zhang Feihu said, the current tour of the whole hand market is mainly Andro, Andro and iOS end of the proportion is about 9:1. According to the Analysys report, the third quarter of this year, China's hand tour in Andro ranked first (in revenue), while on the iOS end of the third, the overall distribution ranked first (in income).