Cloud computing in the face of speculation stock valuation differentiation obvious

By "Cloud computing 35 will receive government support," the good news to boost, the two cities more than software stocks in 24th against the city. Analysts believe that cloud computing in the 35 period has a greater development potential, the relevant sector also has investment value, but the cloud computing concept plate has undergone two rounds of speculation, the related stock valuation differentiation, the proposed focus on low valuations, performance growth identified varieties.

"Wave double male" lead the software unit

Shanghai and Shenzhen stocks both fell yesterday after the external pressure and the May HSBC China PMI initial drop to 48.7 news. The Shanghai Composite Index fell 0.53% per cent to 2350.97, and the exponentially was once again lost at the million points, down 1.56%, to 9984.58 points. And in "cloud computing will be listed as the next generation of information base industry focus area" of the positive stimulation, the concept of cloud computing goes beyond the recent hot infrastructure concept, leading the computer (CITIC) board to occupy the top of the day's rise, up 0.73%, while the early benefit of the concept of more infrastructure construction materials, construction sector, respectively, fell 0.07% and 0.22%.

According to wind statistics, yesterday is a cloud computing concept plate 36 stocks have 28 float red, accounted for up to 78%, and the top two by the wave system under the waves of the brothers wave Software and wave information, called cloud computing concept stocks in the "double male." Among them, the wave software afternoon strong trading, close to 9.31 yuan, turnover compared to the previous day to enlarge nearly 7 times times to 258 million yuan, and the wave of information Rose 6.81%, closed to 9.31 yuan, the transaction amount has been magnified nearly 5 times times to 155 million yuan.

November 2011, Wave Software, wave information and Hong Kong listed companies http://www.aliyun.com/zixun/aggregation/12920.html "> Wave International has issued a bulletin, said The three companies invested 100 million yuan to set up the Shandong wave clouds cloud computing Industry Investment Co., Ltd. to seize the era of cloud computing strategic opportunities. From the current market performance, investors seem to bet on the wave of cloud computing is to buy, even institutions are attracted to settle in, public trading information shows that yesterday, there is a wave of institutional funds to purchase information 10.6343 million yuan.

Cloud concept stock valuation is differentiated

The strong concept of cloud computing is mainly stimulated by the message surface. May 23, China Cloud Computing International Forum held in Beijing, during the Ministry of Industry leaders said cloud computing has been listed as a new generation of information technology industries focus areas, "Twelve-Five" will give strong support. In addition, the first few days of the popular "China Cloud" industry development national Planning has been approved, and will be released in the near future. In a series of good news, the market agreed: "Twelve-Five" during the rapid development of cloud computing.

As a new technology industry, cloud computing undoubtedly has great potential for development, but the "cloud computing Concept" is not new hype, as early as the January 2010 cloud computing concept arose when the hot hold, the October 2010 cloud computing pilot launched another round of chasing the trend, is now the third round of speculation. After three times of "stir fry", some related concept stocks have lost their value, such as wave Software current P/E ratio (PE,TTM) has been as high as 215 times times, wave information is 87 times times, but this is not the highest, coastal energy and East China computer multiples of up to 423 times and 334 times times respectively, Relative to all A shares 13.13 times times the P/E ratio (TTM, the overall method, excluding negative), the safety margin is undoubtedly lower.

But the overall valuation of the plate is still relatively low, as of yesterday's close, the cloud computing sector's P/E ratio (TTM, the overall method, excluding negative) is 31.7 times times, and since 2008, the plate average P/e ratio of 39 times times, is currently at a discount state. Cloud computing concept stocks are also more differentiated, with 58 of cloud-computing concept stocks currently valued below the plate's average P/E ratio, accounting for 48%.

To sum up, analysts believe that cloud computing concept stocks still have investment value, but the current plate valuation differentiation, the proposed focus on low valuations, performance growth identified related stocks.

(Responsible editor: The good of the Legacy)