Major investment institutions are flocking to double sinks development (000895. SZ) has become a a-share market shareholder's most concentrated company: the company average per shareholder stock market value of nearly 6 million yuan, dominates the Shanghai and Shenzhen more than 2000 listed companies in the first. Yet it is a food company that has been highly regarded by the institutions that has been plagued by food safety issues: the Jiyuan double Sinks Food Co., which is being injected into the company's major asset restructuring, has been exposed to "lean" pigs. March 15, the company's plate was a huge single pressure to the drop plate, the 77.94 yuan. Yesterday, the company suspended self-examination. Although double sinks Development's parent company double sinks Group (the newest shareholding ratio is 30.27%) yesterday statement, ordered Jiyuan factory to stop the self-examination, and apologized to the consumer. However, for the still high price, adverse news caused by the uncertainty of the double sinks development of shareholders brought great psychological pressure, "first stock" where to go? The opinions of the first private equity and brokerage consultants who share the market capitalisation of the two companies generally believe that the development of double sinks may cause the "lean meat" incident to plummet after the recovery. Lin Xiongping, a private equity manager in Shenzhen, told the first financial daily: "The two-tier market share price could be hit by negative factors." Double sinks to develop the proportion of excessive concentration, the fall will be more violent, and do not rule out the main use of panic to further hit the plate to low suction. The development of double sinks is indeed one of the most concentrated companies in the A-share market. Wind statistics show that as of September 30, 2010, the double sinks development of the number of shareholders only 8072 households, the number of households holding 75057 shares, ranked eighth in the Shanghai and Shenzhen cities. On March 15, the closing price of the 77.94 yuan calculation, the dual development of the stock market value of 5.85 million yuan, ranked first in the Shanghai and Shenzhen cities, and even more than Guizhou Maotai (600519.SH) and Changyu A (000869.SZ) and other established institutions "together stocks." Market participants said that the listed companies in the distribution of stocks, the level of concentration is often seen by market investors as "Zhuang shares" one of the judgments. The Fund's 2010 annual four-year report showed that, as at the end of last year, a total of 22 fund management companies had a share of 56 funds holding double sinks, with a total of 146.05 million shares, accounting for 24.11% of the total development shares of the two sinks. Lin Xiongping says the fund usually has a panic attack on the downside. On the afternoon of March 15, double sinks were hit by tens of thousands of hand-selling bills, which is likely to be the Fund's action. Securities companies still "sing more" double sinks related to the "clenbuterol" incident, a number of brokerages have been following up on the development of double sinks research report. Brokers generally believe that the incident will not be a two-way development of how much risk. National Gold Securities not only continue to maintain the "overweight" rating of the food industry, including the development of double sinks, but even suggest to actively focus on the "wrong kill" opportunities brought about by the overreaction of the market; The recommended portfolio includes double sinksCoupons that the development of double sinks after decades of wind and rain, and the company's highest performance related to the most is the price of live pigs, as long as the pig price will not be too big fluctuations, double sinks gross margin will not be too big impact. Among these brokerages, only Huatai securities has a relatively cautious view, and has temporarily lowered the development rating of the two sinks to "wait and see". Some brokers even take yurun food as an example, think that the development of double sinks share prices will not suffer too much impact. Yurun food was in the April 21, 2009 by the Anhui Provincial Bureau of Quality Supervision, Fuyang Yurun a batch of lunch meat containing clenbuterol, the company April 23 issued a prudential report to consumers. After the incident, the company's share price had a sharp shock, but after 10 trading days, the stock price stabilized, the cumulative decline was only 3.3%, one months after the cumulative decline of 2.5%. How to wash the lean meat? Mr Chen, a private equity manager in Guangzhou, thinks food safety is no small matter, and with the spread of major media, the "Lean meat Fine" event will seriously affect the development of the main business of double sinks, and even the "double sinks" brand will be covered with a layer of shadow. The impact of the "lean meat Fine" incident is by no means just psychological, but may have a huge impact on the performance of listed companies. Lin Xiongping said: "If only consider the negative factor, the double sinks development may have the 7%~10% decline." If you take into account the company's unique equity structure, on the one hand, the foundation panic killing, on the other hand, the main may use panic factors deliberately kill down, further in the low collection of chips. Considering its relatively high valuation level at present, the development of double sinks may show a 10%~15% decline. Responsible Editor: NF058
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