Breaking mmmm to push new shares down

The first week after the Lunar New Year holiday, a A-shares ushered in the 10 IPO, 10 only 50.51 times times the average number of shares issued, the highest number of Czech shares 74.32 times times, the lowest spring hing Seiko 34.04 Times times;　　The mmmm of new shares since the end of last year has had an impact on price-first-tier markets, while at the same time there are only four new shares to be subscribed for next week, with signs of slowing down. At present, the market for small stocks in the two-tier valuation center is 45 times times, this week, the average price of new shares in the market has gradually trend towards the two-tier market valuation. Obviously in spite of the beginning of a large area of new shares break, but the first-tier market to issue a price-earnings ratio does not have a big reduction in the scope, as long as the issuer lower pricing range, no longer than the price of a dynamic P/E multiples of the shares, the market formation of a new equilibrium Even a 45 times-fold price-to-earnings ratio is still quite high from a historical standpoint. Before 2005, the Board of Shanghai and Shenzhen, the issuance of the 20 times-fold, suning appliance distribution is less than 20 times times, before the 2009 reform, is 30 times times the cap. It can be seen that the current P/E ratio is still attractive enough for issuers, and that the IPO "break" will not weaken the market impulse. Industry insiders said: At present, companies still squeeze the head to go public. After a long wait, the IPO is the first one for the issuer, and the issue price is second.　　Second, companies are not short of money, if the same industry is also the valuation, they (issuers) do not feel loss. The brokers responsible for underwriting and sponsoring have also made a big profit from the IPO, compared with the issuers that have successfully marketed large sums of money. It is understood that this January, the brokerage completed the IPO project 35, has announced the IPO underwriting and sponsorship revenue reached more than 1.2 billion yuan. In January, the largest single IPO project was issued by the Sino-German securities joint sponsorship of Sinovel, the scale of financing reached 4.72 billion yuan, the total of two to bring 64 million yuan income. But Sinovel is also a typical break for new shares.　　Its share price, which has fallen by more than 20% per cent, is the biggest decline since the IPO this year, and the total amount of money subscribed to it has been close to 1 billion. There are only 4 new shares to be listed next week, from the perspective of industry development and the competitiveness of the company, relatively optimistic about the U.S. special gas. Kester's main business is dry ice, liquid carbon dioxide, food additives, liquid carbon dioxide and other industrial gas production and sales, strong profitability, the company has a supplier certification, technology and storage advantages, the future demand for strong products, in addition, the company to raise investment projects or will realize the recovery from the waste gas rare gases. And from the low price, low P/E, Chunching Seiko will be a short-term money hype good object.　　Given the recent poor performance in the new stock market, investors are advised to be cautious. Chunching Seiko: Domestic precision aluminum alloy structural parts of the most research and development strength and scale production capacity of professional service providers, the main products for all types of precision aluminum alloy structural parts, is the leading professional precision aluminum alloy structural parts manufacturing and service forShould be in the product manufacturing services, technical services, sales and service are in the leading domestic level. Jin Nong: Our country teaches the trough material fine molecule profession the leading.　　The leading product pig teaching trough material technical content and the added value are higher, the market share first, the company's operating scale, the sales, the market share are ranked the Chinese pig feed production enterprise Forefront. Kai Mei Special gas: The domestic chemical exhaust as raw materials, annual output of the largest food-grade liquid carbon dioxide production enterprises. The company is the domestic food grade carbon dioxide leading enterprises.　　Profit model has obvious advantages, product gross profit margin ranked top of the industry. Thousand Red Pharmaceutical: the company mainly to the heparin raw material exports and the main source of pancreatic kallikrein, is one of the three major exporters of heparin, the company's products to treat the disease incidence is rising, demand growth, as a raw material supplier will be accompanied by generic drug blowout to achieve rapid growth.