Gem IPO triggers a wave of open accounts

Business News (reporter Wang Chen Jie) ten years to grind a sword gem is at an extraordinary speed to advance. Early yesterday morning, 10 companies in the Shenzhen stock company issued a notice, officially launched the release process.　　At this point, the success of these companies will be the longest and only three days. "We received a call from the SFC 1 o'clock in the morning yesterday and were notified of the IPO approval," he said. "Beijing Pathfinder Outdoor Products Co., Ltd., a relevant person in Beijing yesterday to promote the scene told reporters that the SFC so fast process even they did not think." "The feeling is still relatively sudden, we started early this morning on the company's online Roadshow, preliminary inquiry and site promotion, and the evening to catch a plane to Shanghai." "According to the final determination of the time, the 10 companies are in this Friday for the purchase, and will be announced on September 30, the results," 11 "after landing the gem market.　　and 10 companies to purchase at the same time, this is the first time in the history of China's securities issue. 10 companies are: Qingdao Rui Tak Electric Co., Ltd., Chongqing Lai Mei Pharmaceutical Co., Ltd., South Wind Turbine Co., Ltd., Beijing Li-Chen Technology Co., Ltd., Shanghai Jia Hao Shipbuilding Engineering Co., Ltd., Beijing Shenzhou Yue Software Co., Ltd., le Pu (Beijing) Medical Equipment Co., Ltd.,　　BEIJING Pathfinder Outdoor Products Co., Ltd., Anhui Ahn Bio-Engineering Co., Ltd. and Henan Hanwei Electronics Co., Ltd. In addition to the preparation of the full pathfinder, yesterday with Beijing Li-Chen Technology Co., Ltd. also launched a preliminary inquiry and referral work.　　The other 8 companies have chosen to conduct the relevant promotional work today. The 10 companies received approvals two or three days after the meeting, which was significantly faster than the previous motherboard.　　Generally speaking, the main board listed companies will be sealed a week or so after the meeting, from the seal to the receipt of approval and need a week or so time. "Cause management to increase the number of gem listed companies, speed up the growth of the gem, the reason is because management worried about the number of gem account. And if the first listed companies are too few, the shape of the plate effect and investment benefits, it is not conducive to the continuing implementation of the gem.　　Huangxiangbin, chief strategy analyst at Fidelity Securities, said.　　Citic Investment analyst Liu also said that the current gem opened the number of Shenzhen very worried, because the previous management focus on the risk of promoting the gem, coupled with the listing are some small private enterprises, causing many investors are very worried about risk, dare not invest in the gem.　　However, as the Securities and Futures Commission rushed to promote the opening board of the gem, the initial opening of the Open Enterprise Board business suddenly heating up. Over the weekend, many investors have received phone calls or SMS reminders from the Securities Company's sales department: Trading experience in two years and more than two years of investors need to be 20th and 23rd before the opening of the Business board procedures to participate in this purchase.　　Despite the continuous risk of the hint, but there are still many investors in the deadline before the opening of the gem account, lest lose the opportunity to purchase the first gem stock. According to the reporter understands, since last FridayAt the beginning, the number of investors applying for gem account began to increase significantly, especially in Saturday and Sunday, many sales staff (including backstage staff) almost all the posts, has been busy until midnight. However, the market is not too worried about the gem, which is smaller, despite more speed and volume than expected. In a report released yesterday, Ms Ulrich of China Securities and Commodities, JPMorgan, said the gem would not change the fundamentals of the motherboard market, nor would it cause significant capital diversion.　　And yesterday, in spite of the large market shares in China Metallurgical listed and the growth of the risk factors, but the market is still tenacious low open high to red. Start the IPO board hot to boiling point gem formal open board has been ready. According to the first batch of company prospectus, 25th, investors will be able to participate in the gem Company's new shares purchase. In the completion of online roadshow, to determine the issue price, purchase, capital verification, lottery, and other steps to thaw, brewing 10 years of the gem is about to fruition.　　And with the rapid progress of work by item, the enthusiasm of all parties was ignited to the extreme ...　　Profit-making effect of new shares is expected to be higher than the main board most people think that the gem can not only bring financing to enterprises, but also to investors to bring enough or even beyond the main board of new shares of money-making effect. "From the number of open accounts, the first batch of Gem IPO IPO rate is higher than the new board of the probability of new shares." The first is a small number of open accounts, the funds are more cautious, followed by 10 new shares listed together.　　Huangxiangbin, chief strategy analyst at Fidelity Securities, said.　　In addition, National Gold Securities Wealth Management Center investment manager Zhang Yongfeng said that tomorrow will be the China National Brigade to purchase, if the purchase of this large stocks, the funds can not be once again to purchase the gem stock, will also cause the first batch of the gem to purchase a higher rate of stock. But a higher rate does not mean lower gains. "The first batch of purchase and speculation gem may be what?" The fund is basically impossible, because the gem stocks are difficult to use the price-earnings ratio, and because of the difficulty of the plate too small, I think the speculation gem capital is mainly hot money and retail investors, so the first gem of the IPO IPO is a greater chance of frying. "Citic investment analyst Liu said.　　And, on the policy level, the management's policy towards the IPO of the gem may also be looser. "At present, there are not enough investors to participate in the gem, to form a profit-making effect, the management may be more relaxed in policy, should at least be looser than the motherboard companies." Gem listing should be better than expected.　　"Huangxiangbin said.　　Therefore, in the hope of getting a higher success rate and higher listing, the first batch of listed companies to make money effect is expected to be higher than the main board of new shares. Liu pointed out that after the listing, in the listing or will be high, the GEM stock valuation will be high, to the motherboard market parity effect. "In particular, some of the SME stock, the company's texture and gem is not much different, so if the gem stocks higher valuations, it is possible to pull the board of these shares upside." Of course, long time.Look, the final valuation of the gem still depends on the motherboard market.　　"Investment opportunities 10 companies whose investment value is greater?"　　The number of shares issued by the comparison index is more than 10 companies, the average number of shares issued 22.97 million shares, of which, le Pu medical distribution of the largest number of shares to 41 million shares, and the least Shanghai Jia Hao ship only 12.6 million shares. Comparison of investment returns of the highest southern China Thai Yue fan minimum statistics 10 companies, the prospectus found that 10 companies in the first half of 2009 Karma Show, Beijing Shenzhou Yue Software's net asset yield is the highest, reached 29.17%, the southern fan, the lowest, 11.53%.　　The return on net assets of other companies is basically between 12% and 28% per cent.　　But this is only the first half of 2009 data, if the recent three consecutive years of data, Qingdao Rui de electronics performance eye-catching, 2006 to 2008, the company's net assets yield from 40.67% to 58.65%, and continuous growth, performance of its good growth characteristics. When the market is good, blue performance is usually better than the general stock; When the market is bad, Blue's ability to resist is usually stronger than the general stock, which is probably the consensus of the market.　　On the other hand, the higher the investment return, the more profitability, the more vulnerable to investors, the stock market after its higher space is also greater. The estimated price of the comparison index is the highest in China, Tai Yue, Chongqing, the United States. Although so far few companies have given their explicit IPO prices in prospectuses, they generally determine the approximate prices of new shares issued by companies based on their total financing and number of shares issued. By the reporter calculation, 10 enterprises, the IPO price is generally around 10 yuan, the highest of which is the Beijing Shenzhou Yue Software Co., Ltd., its IPO value is estimated to be about 15.92 yuan, the lowest is Chongqing Levin Pharmaceutical industry, for 6.26 Yuan.　　The average price of 10 companies is about 9.65 yuan. Online Roadshow Three companies take the lead in online roadshow Lith Chen: The next three years net profit growth is not less than 30% "the next three years, the average annual profit growth will be no less than 30%."　　"Li Chen Chairman Chi Yanming to the company after the listing of the development situation full of confidence." The data show that the growth rate of revenue from 2006 to 2008 was 50.72%, and the compound growth rate of net profit was 71.22%.　　Chi Yanming revealed that the company's average annual growth in the next three years is no less than 30%. In yesterday's roadshow, investors raised doubts about how to ensure the interests of small and medium shareholders.　　Company chief Huating said, in principle, the company's annual distribution of profits is not less than 20% of the year's allocation of profits, of which the proportion of cash dividends should not be less than 30%, and in any of the three consecutive fiscal year, the cumulative distribution of profits not less than the three-year average annual distribution of profits of Shenzhou Thai Yue: Performance on the telecom industry dependenceThrough the high China Tai Yue 2006 to 2008 operating income of 187 million yuan, 442 million yuan, 519 million yuan.　　Operating income reached 326 million yuan in the first half of this year. Public data show that the first half of this year, China Thai Yue earnings per share with 2008 almost equivalent, this stems from the flying letter to support the rapid growth of service revenue.　　Therefore, some investors questioned: companies in the telecommunications industry, especially China Mobile, the high degree of dependence on the stability of the company's performance impact?　　China Thai Yue sponsor CITIC Securities Enterprise Development Financing Department vice President Carili that, during the reporting period, the Shenzhou Tai Yue to the telecommunications industry dependence is higher, in the next few years the company's operating performance on the telecommunications industry depends on the degree will still be relatively high. Rui de: Management model instability to save the venture from 2006 to 2008 three years, the special Rui de net profit is 14 million yuan, 18 million yuan, 61 million yuan. In the first half of this year, the company net profit was about 39 million yuan, the average growth rate reached 140.07%.　　In analyzing the company's profitability, Dupo, chief executive, said the company's growth rate far exceeded the industry level. However, as a company established in 2004 and rapidly growing, Rui Tak has not yet experienced a complete industry cycle fluctuations and enterprise growth cycle, there is a certain risk. Company chairman Yu Dexiang said that the company has not experienced such as the rapid expansion of enterprise scale in the process of management, market development, technology development and talent bottlenecks and so on.　　Therefore, the company's biggest risk is the company's organizational and management model and internal control effectiveness is not stable, there are certain risks. The latest dynamic account number sharply increased previously deserted business department nearly two days suddenly crowded, opened the gem account investors even lined up a long team.　　With the Gem board day approaching, has been deserted open account business has also changed. Reporter learned that many investors in the securities companies received phone calls or SMS reminders to the Business Department to open an account. In China Merchants Securities Bright Building Business department, a just completed the opening procedures of the Li surname investors told reporters: "After receiving the message to know the launch of the gem faster, I would like to rob in the deadline before the opening of the gem account, lest lose the opportunity to purchase the first gem stock."　　"The staff of the sales department told reporters that since the beginning of Friday, the number of investors applying for gem accounts has increased markedly, especially over the weekend, with more than 10 times times more investors than usual."　　According to the relevant regulations, with more than two years trading experience of investors to open the gem market trading qualifications, T+2 Day officially opened, not yet have two years of trading experience but still require the opening of the gem market trading qualifications of investors, it takes t+5 day to open.　　To treat the gem, there are experts suggest: not fear, not crazy speculation, to maintain peace of mind. The IPO was first created by the company's gem. Yesterday evening, the Securities and Futures Commission board issued the Audit Committee announced that the day will be Nanjing Pan-Power technology sharesThe IPO application of the limited company was not approved. This is the first time since the start of the audit board to appear on the company's application was rejected.　　Previously, two batches of 13 companies were successfully approved. Data show that the Nanjing Pan-Power Technology Co., Ltd. This plan issued 14.5 million shares, is expected to raise funds of 150 million yuan, issued after the total share capital of 58 million shares.　　The company is one of the well-known enterprises in the development, production, sales and service of power automation products, such as integrated substation automation system and power grid energy management system in domestic and low voltage power grid systems and factories and mines.　　On the same day, the remaining 4 companies have successfully passed the audit, access to conditions, 4 companies are Beijing North Land Pharmaceutical Co., Ltd., Shenzhen Hua Testing Technology Co., Ltd., Wuhan, China-yuan Huadian Technology Co., Ltd., Xian Bao de Automation Co., Ltd. New shares purchase and purchase the skills of the gem stock in Friday will have 10 gem companies to purchase, investors can have two kinds of purchase strategy, one is the average decentralized purchase, the second is to purchase a few stocks.　　Since the 10 companies have a minimum circulation of 12.6 million shares and a maximum of 41 million shares, they are at roughly the same level from a speculative standpoint. The first purchase strategy, the average of the funds divided into 10, the purchase of 10 shares, so that you can get the most robust success rate, you can get the average income, to avoid the occurrence of the law of Misfortune to the maximum.　　This method is better understood, good operation, suitable for more ordinary investors. We focus on the second purchase strategy, the focus of the purchase.　　First look at these 10 companies, respectively, Qingdao Rui de Electric, southern fan, Beijing Li-Chen technology, Shanghai Jia Hao ship Engineering design, Chongqing Lai Mei Pharmaceutical, le Pu (Beijing) Medical equipment, Beijing Shenzhou Yue Software, Beijing Pathfinder Outdoor Supplies, Anhui Ann Branch Bioengineering, Henan Hanwei Electronics. From the geographical advantages, Beijing and Shanghai's companies have the most advantages, but also the most vulnerable to speculative funds sought after. From the industry point of view, Li-Chen, Shenzhou Yue Most imaginative space, Pathfinder market image and brand value the most advantage.　　Therefore, investors with less funds or unwilling to diversify the purchase of investors, can focus on the purchase of these three companies. Of course, so simple to choose the company is not objective, which company quality, which enterprise can develop into the world's top 500, who also said no good, after all, the characteristics of the gem is too much uncertainty, investors need extraordinary wisdom and identification ability, and this column can do,　　Only from the speculative and operational point of view to analyze the direction of the Friday purchase. Since it is a new stock purchase, there are also the question of the rate of check.　　In general, the less money to participate in the purchase, the more it is worth the purchase, but often investors are difficult to distinguish the vast number of investors for each new shares of the degree of preference, so conservative on the average distribution, radical on their own picks to take a chance, two methods to see a person's preferences, you can In addition, the new shares to pay attention to the purchase of several issues, first, the Friday purchase of new shares, the solution of the purchase fundsThe freezing time needs attention, after asking the securities company related staff, did not obtain the accurate thawing time.　　If the September 30 closed after the thaw, then the funds will be able to be taken out on October 9, if the purchase funds from the loan or need to be taken out before the festival, then should carefully calculate the cost of capital and costs.　　Also, if the stock index in front of the breakthrough, the purchase of new gem may also increase the opportunity cost, for the two-tier market investors, but also to carefully analyze the pros and cons of the purchase and shareholding, after all, fish and bear paws can not be both. In addition to the signature of this version by the commercial newspaper reporter Chen Jie Zhou Co Ma Yuan Mengfanxia Writing