China Aerospace Electric Test and other four gem new shares purchase guide today

Panorama August 16 Sunflower (300111), Universal automatic Control (300112), Shun Network Technology (300113) and China Aviation Electric Test (300114) four new venture board today Online purchase, securities advised investors have a choice for the purchase, Prudent investors should consider the purchase of a relatively low price/earnings of the million-message control and the CLP test.　　Here is the purchase guide. Release data sunflower (300111) Requisition Code 300111 online distribution (unit) 40,800,000 Purchase limit (unit) 40000 issue price (yuan) 16.8 P/E (+) 74.67 main underwriter Everbright Securities million-automatic (300112) Purchase Code 300112 online distribution (unit) 14,400,000 Purchase limit (unit) 12000 issue pricing (yuan) 17.43 P/E (+) 48.42 main underwriter Merchants Securities shun Net technology (300113) Purchase Code 300113 online distribution (unit) 12,000,000 Purchase Limit (unit) 10000 issue pricing (yuan) 42.98 p/E (times) 82.65 main underwriter Credit founder Securities China Aviation Test (300114) Purchase Code 300114 online distribution (unit) 16,000,000 Purchase limit (unit) 16000 issue Pricing (yuan) 25 p/E (times) 58.14 main Underwriters Citic Investment guide Huatai Securities analyst Wang Yu believes that from the fundamentals of four new shares, or the growth of poor, or more uncertain, difficult to share. Shun network technology is in the good future of the internet market, but its market share in the Internet Café Channel expansion, and in the personal client market open up there is a lot of uncertainty. The key technology of the industry is controlled by foreign capital, its competitive advantage is not obvious, and the driving factor of growth is not obvious. Half of the sensors produced by AVIC are more mature and are affected by the cycle, and the market development of new products is still uncertain.　　Sunflower is the successor of the PV industry, small scale, lack of competitive advantage, while the PV industry by the economic crisis, the impact of a longer period of time will not be flourishing. Purchase proposal Although the recent listing of the gem of the first day of new shares increased significantly compared to the previous new shares, but the recent market turmoil collation, and the gem of the issue of new shares on the overall high, so the securities are expected to participate in the new shares in the choice of new shares will tend to be cautious. It is expected to participate in the four gem of the new shares of capital of about 285 billion yuan. According to the issuance scale, p/E ratio and industry concern of four new shares, it is expected that sunflower, universal automatic control, shun net technology and the amount of participating funds of China Aviation Electric test are about 80 billion, 70 billion, 65 billion and 70 billion respectively, and the rate of checking is about 0.86%, 0.36%, 0.8% and 0.57% respectively. Four only fulfilment participation needs 1.711 million yuan.　　The increase was expected to be 30%, 50%, 5% and 40% respectively. Due to the overall high price/earnings ratio of the new issue,There will be a certain risk in the market fluctuations, securities advised investors have a choice to purchase, prudent investors should consider the purchase of a relatively low price/earnings of the million-message control and China Aviation test.　　Operation Tips August 16, 2010 (Monday): Online issuance of purchase date, (9:30-11:30,13:00-15:00) online Investor payment subscription.　　August 18, 2010 (Wednesday): Published under the net placing results announcement, online check rate bulletin, the net under the purchase of excess money refund, lottery draw.　　August 19, 2010 (Thursday): Sign Bulletin day, published online check results bulletin, online subscription funds thawing. New Issues Sunflower (300111) According to the initial inquiry, the IPO price of a A shares of the company is determined to be 16.80 yuan/share, the corresponding P/e ratio is 74.67 times times. Public information shows that the total number of Sunflower shares issued 51 million shares, of which the number of distribution under the network for 10.2 million shares, for the current issue of the number of 20%; If the issue is successful, the amount of money raised by the issuer will be 856.8 million yuan. According to the distribution arrangement, August 16 investors can participate in the purchase of the Unit, participate in the online purchase of a single securities account for not less than 500 shares, more than 500 shares must be 500 shares of the integer times, but not more than 40000 shares.　　That is 8400 yuan-672000 yuan. Universal automatic Control (300112) according to the initial inquiry, the IPO price of a A shares of the company is determined to be 17.43 yuan/share, the corresponding P/e ratio is 48.42 times times. Public information shows that the number of million-self-control issue shares of 18 million shares. Among them, the net issue accounted for the final issue of the number of 20%, that is 3.6 million shares, the number of online distribution is the final release quantity minus the net final issue quantity. If the issue is successful, the amount of money raised by the issuer will be 313.74 million yuan. According to the distribution arrangement, August 16 investors can participate in the purchase of the Unit, participate in the online purchase of a single securities account for not less than 500 shares, more than 500 shares must be 500 shares of the integer times, but not more than 12000 shares.　　That is 8715 yuan-209160 yuan. Shun Network Technology (300113) according to the initial inquiry, the company's initial public offering of a shares of the IPO set to 42.98 yuan/share, corresponding to the 82.65 times times P/E. Public information shows that the number of shares issued by shun Net technology is 15 million shares. Among them, the net issue accounted for the final issue of the number of 20%, that is 3 million shares, the number of online distribution is the final release quantity minus the net final issue quantity. If the issue is successful, the amount of money raised by the issuer will be 64,470.0 yuan. According to the distribution arrangement, August 16 investors can participate in the purchase of the Unit, participate in the online purchase of a single securities account for not less than 500 shares, more than 500 shares must be 500 shares of the integer times, but not more than 10000 shares.　　That is 21490 yuan-429800 yuan. China Aviation Electric Test (300114) according to the initial inquiry, the IPO price of a shares of the company is determined to be 25.00 yuan/share, the corresponding P/e ratio is 58.14 times times. Public data show that the number of shares in the current issue of China Aviation test is 20 million shares. Among them, the net issue accounted for the final issue of the number of 20%, that is 4 million shares, the number of online distribution is the final release quantity minus the net final issue quantity. If the issue is successful, the actual amount of money raised by the issuer will be 500 million yuan. According to the distribution arrangement, August 16 investors can participate in the purchase of the Unit, participate in the online purchase of a single securities account for not less than 500 shares, more than 500 shares must be 500 shares of the integer times, but not more than 16000 shares.　　That is 12500 yuan-400000 yuan. Institutional View National Gold Securities: compared with the industry leader, Sunflower IPO project up to the postpartum 275MW capacity is still small, on the upstream and downstream of the bargaining power and resistance to risk ability are weaker than large photovoltaic production enterprises. The use of super raise funds to further expand production, and to the industrial chain downstream of the power plant construction field extension, or will become the future development direction of the company.　　Considering the growth of the company and its position in the PV industry chain, it is acceptable to give the company corresponding to the 30~33x P/E ratio of 2010 EPS, corresponding to the reasonable stock price range of (12.12~13.33) yuan. Haitong Securities: million-automatic control of the main product sales prices remain stable, market share gradually increased, research and development expenditures accounted for the increase in income, the monthly contract amount gradually rebounded, raw material costs accounted for slightly lower, the main raw material prices continued to decline but narrow; horizontal comparison, the company's assets small but profitable.　　A reasonable value range of 16.72-17.98 yuan, corresponding to 2010 PE 32.00-34.41 times times, corresponding to 2011 PE is 24.14-25.41 times times. Shanghai Securities: Shun Network technology in just a few years to develop into an Internet café network entertainment platform in the leading enterprises, in addition to the master product itself superior technical performance, but also attributed to the company in the service and business model innovation. Compared with the recent historical data and comparable to the listed companies, the company's profitability, growth and operational capabilities are better performance.　　It is expected that in the next 6 months the company's share price will be up to 55-66 times the 2010 dynamic P/E, corresponding to a reasonable valuation of 43.94-52.72 yuan/share. Security Securities: China Aerospace Electrical measurement of resistance strain gauges and strain sensor market share are ranked first in the country. Company's product range, can fully guarantee the downstream customers on the variety of specifications for personalized product requirements. In addition, compared to foreign competitors, the company's products cost-effective advantages. Compared with the international mainstream strain sensor suppliers, the latter product price is higher than the company's similar products about40%-100%. The target price of the listing 40.9547.25 Yuan, corresponding to the 2010 PE 6,575 times times.