"Black chicken" to change "Phoenix" big into shares staged six "one" show

April 11 big into shares again "one" word trading, for the unit March 31 after the sixth consecutive trading limit. The market in pursuit of the stock, mainly from the asset restructuring expected, after the restructuring of the large stock is expected to be converted from pesticide stocks to iron ore resources stocks.　　Under the background of the international commodity innovation, the reorganization of the stock is undoubtedly a great temptation for investors. "One" the word trading to show the true nature of cattle stock Although the big into shares April 11 again staged "one" word trading shows, but its volume than the first 5 trading days significantly magnified, has been compared with the previous 5 trading days of the micro-trading difference. According to statistics, the April 11 large shares of the transaction amount of up to 250 million yuan, far higher than the first 5 trading days of 11.346 million yuan daily transaction amount. At the same time, yesterday the stock turnover rate was 7.07%, also far higher than the previous average daily turnover rate. From the point of view of capital, big into shares yesterday, seems to indicate that there are early arrival of investors have achieved target income, began to reduce chips to lock profits.　　This is the early stage of the lack of opportunity to intervene in the stock of investors, providing a new opportunity to enter. In fact, the company's 2011-year performance and valuation levels were reassessed when it proposed to shift its main business to iron ore mining through asset replacement and directional issuance, the March 31 announcement said. Investors generally believe that the big-cap shares in 2011 earnings per share is expected to exceed 0.6 yuan.　　According to the conservative performance estimate of 0.6 yuan, the stock price of the 9.20 yuan when the stock is re card is on the low side. Previously, CIC Securities on April 1 issued a study of the large shares, that in the successful implementation of asset replacement, the company's 2011-year performance level will achieve quality improvement. CIC Securities forecast for 2011 earnings per share of 0.75 yuan. If the valuation level of 20 times multiples of the pure iron ore enterprise is calculated by the agency, the target price of the big-stock shares should be about 15 yuan. In this context, the large stock since March 31 began 5 consecutive days, "one" word limit, ordinary investors did not intervene in the opportunity.　　Up to yesterday, the share price was pulled up to 16.29 yuan level only to appear volume, to bullish the stock investors provide admission opportunities. Although the stock is currently 16.29 yuan level can not say top, but the previous continuous trading has accumulated a lot of profit plate. It is noteworthy that, on January 17, the last trading day before the big stock suspension, the shares of the transaction amount to record a new high since October last year, a big stock rose 5.5%.　　As of April 11, the big into the shares have risen 86.81% since the stock, so before the suspension of the shares of investors, has sprouted a "harvest profit, bag for Ann" motivation.　　Whether the valuation is reasonable depends on the performance of the reorganization from the plate, large shares in the volume can be significantly magnified the situation can still maintain the "one" word limit, opening that firmly sealed the trading board, perhaps because some investors believe that the big into shares in performance growth and valuation level still exist some room for improvement. Previous optimistic analysis that, such asFruit big into shares can maintain 2011 1-February Operating performance level, the company's annual performance will be close to 1.50 yuan, far exceed the original expected earnings per share of 0.60 yuan.　　Therefore, from the company's 2011 operating Performance point of view, the large shares have a certain hyper-expectations possible. On the periphery, although the ECB raised interest rates last week, the negative effects of the "overly loose" monetary policy of the world's major economies in response to the financial crisis have begun to show. International crude oil prices have returned to 100 of billions of dollars, and other commodity prices have gradually entered the upward trajectory.　　In addition, Japan's quantitative easing policy in response to natural disasters may be superimposed on the future reconstruction needs of Japan, further boosting international commodity prices, which together constitute an external factor in the expected rise in iron ore prices. From the internal factors, China's traditional cyclical industry after the financial crisis to inventory and last year's "power rationing" and other measures to reduce excess capacity, the current supply of resources have been reduced. and "Twelve-Five" during the period of China will continue to carry out a large number of fixed assets investment, including the protection of housing, high-speed rail and water conservancy projects, coupled with the process of urbanization in China is still continuing.　　Therefore, the demand for iron ore in the domestic market will remain high in the short to medium term, which may support the price of iron ore. Therefore, comprehensive internal and external factors to consider, if the big into a successful transformation into iron ore mining enterprises, then the stock of the current valuation level there will be some room for improvement. Investors should be wary, however, that risk may quickly emerge once the company's restructuring fails. Responsible Editor: NF045