China heavy industry 16th landing on Shanghai stock Exchange rose 12.47%

Source: Internet
Author: User
Keywords First Military
Tags business business is closing closing price company exchange high high level
The first domestic military assets of the overall listing of blue chips landed in Shanghai stock Exchange. December 16 9 o'clock, China Shipbuilding Heavy Industry Co., Ltd. (hereinafter referred to as "China heavy Industry", 601989.SH) listing, the first day opening price of 8.41 yuan, closing price of 8.33 yuan, the turnover rate of 76.55%.  In the half hour of the gongs ceremony, the SASAC, SSE, China heavy industry and the parent company, such as heavy industry, such as the high level of all the scene to congratulate. According to the disclosure, in China's initial inquiry stage of heavy industry, insurance funds accounted for 37%, stable first, the proportion of the fund is 20%.  In the second shortlist, the ratio of insurance funds was 47%, and the proportion of funds fell to 17%. Citic Investment Gao Xiaochun researcher to CBN reporter said: "We forecast the price interval of 8.1 yuan ~8.25 yuan, China Heavy industry first day of the opening rate is basically within the expected range." "China heavy industry after listing, loaded into the listed company's ship supporting assets for civilian repair business upstream, future civilian repair business injection will start?"  Will new businesses, including wind power and nuclear power, drive the company's performance? In this respect, China Heavy industry Bo general manager to CBN reporter revealed: "Although the global civilian manufacturing overcapacity, but civilian supporting equipment business is insufficient capacity." We will strictly comply with the State Council approval, the current civilian repair injection can not provide a clear timetable. "Gao Xiaochun said:" In the current global shipbuilding industry downturn in the situation, the injection of civilian repair business is not the most appropriate time. China's heavy industry, the wind power, nuclear power, railway equipment plate, will be the country's new energy investment, infrastructure investment pull.  "China's heavy industry yesterday rose only 12.47%, the end of the three IPOs listed yesterday, compared to its offering price of 7.38 yuan, the new profit is not high." "Due to the recent rapid pace of new offerings and to the end of the brokerage, the company's own fund settlement and other factors, the funds face itself on the tension," the Northeast Securities analyst Shangjian to CBN reporter, "plus China's 42.14 times times the valuation of heavy industry is relatively high, so after the listing of the rising space under certain constraints. "Analysts generally believe that although China's heavy industry is a military, equipment manufacturing industry and new energy, such as a variety of concepts in a high-quality large-cap stocks, but the market to give its higher valuations, but also its future asset injection expectations."  Zhang, a securities researcher at the capital, argues that the price of China's 7.38-dollar heavy industry is significantly too high for its growth. According to wind information statistics, the 13 large-cap stocks issued since the beginning of this year, the first day of China's heavy industry listed the second-lowest, only higher than the merchant Securities (600999. SH) 8.42% on the first day of gain. "This has something to do with the low level of involvement of institutions such as the recent fund." "Shangjian thinks.
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