February IPO price-earnings ratio 20%

After the Spring Festival, the pace of IPO issuance has not slowed with the bursting of the mmmm last month, as yesterday's IPO announced that 23 new shares had been issued in February, with an arithmetic average of 55.99 times times, and a decline of more than 20% per cent over the average of 72.91 times times in January. Since the opening of the gem in September 2009, the two cities have issued 495 new shares, the number of listed companies rapid expansion. From the distribution of the plate, the Gem 184, board 269, motherboard 42. From December 2009 to this February, for 15 consecutive months, the number of new listings in 20 (inclusive), the two cities in December last year and January respectively issued 36 and 35 new shares, is the history of the most densely issued two months, but also ushered in a more violent broken mmmm, January listed 31 new shares,　　Half of the first day break. Although the IPO has not declined this month, it has been found that the average P/e ratio has fallen markedly over the last two months. Of the 23 new shares released in February, 14 published only the issue price and the P/E ratio, with an arithmetic average of 55.99 times times, which was more than 75.88 times per cent in January and 72.91 times times in December 2010, compared to 20% times.　　Since September 2009, the gem has issued an average of 70.2 times times, the SME board is 54.55 times times, the motherboard is 45.32 times times, the gem growth and equity expansion expectations, the birth of its high share price and high distribution ratio. Statistics show that there is a big gap between the new shares in different industries. In the new shares since September 2009, the financial insurance industry has the lowest average earnings ratio of 27.88 times times, followed by the real estate industry, 36.18 times times, the third is the transport industry, the average P/e ratio 38.94 times times, in addition to these three industries, the rest are more than 40 times times. Of the 22 SFC major industries, 10 of the new shares issued an average price-earnings ratio of more than 60 times times, accounting for nearly half.　　Among them, the other manufacturing, extractive industries have exceeded 70 times times, communication and cultural industries, electronics, information technology industry average P/E is more than 65 times times. From the stock issue, 486 stocks, 16 only issued more than 100 times times earnings, except one for the SME board, the rest belong to the gem stock.　　In addition, a total of 57 shares with a share price ratio of less than 40 times times are issued, accounting for only 10%. At present, the listing is not full three months, the net placing part has not lifted a total of 94 shares, of which 32 have been break. Although the market after the spring festival has climbed, almost a full rally, but there are still 7 shares break margin of more than 10%. In contrast, a group of stocks not affected by broken mmmm, 9 close than the issue price premium margin of more than 50%, and Hainan rubber, light steel structure rose more than 1 time times. As the market warms up, the new shares listed yesterday have a good performance, close the general increase of more than 20%, in January break stocks spread of the situation, after the 7-day listing of the good performance of the first day of the IPO seems to hit the newcomers to eat a reassuring.　　(Li Chu) (Note: Thematic data are provided byShanghai Poly Source Data Services Co., Ltd. provided that the data from the listed companies, if discrepancies, please use the notice as the case, announced as of February 15. )