Four new shares Tuesday listed brokers forecast most break

Source: Internet
Author: User
The average P/E ratio is as high as 70 times times the market for this pinch a cold sweat business newspaper reporter Cao Fen Sirte (002538), Xindu Chemical (002539), Asia-Pacific Technology (002540), Hong Lu (002541), such as 4 new stock will be listed tomorrow.  At present, the gem has become the hardest hit, although relatively small and medium-sized board performance slightly better, but under the shadow of the first day of new shares, the new shares of the average price-earnings ratio of up to 69.02 times times, still let the market pinch a cold sweat. Sirte: 20.10-23.40 yuan Sirte Price is 26 yuan/share, corresponding to the issuance of the P/E ratio of 63.41 times times. The company's initial public offering of 38 million shares accounted for 25.68% of the total share capital after issuance. Among them, the online issue of 30.4 million shares on the January 18 listing transactions.  Sirte Network under a total of 7.6 million shares, after the lottery, 8 institutions seats can each receive 950,000 shares. In view of the company 700,000 tons of compound fertilizer project may be put into production in the second half of 2012, Huatai Securities forecast company 2010-2012 earnings per share of 0.48 yuan, 0.67 yuan and 0.92 yuan. As the current market in the compound fertilizer industry, the 2010-2012 dynamic P/E ratio is 45 times times, 30 times times and 22 times times respectively, taking into account the advantages of the company's industrial chain, Huatai securities that can give the company a slightly higher than the industry average dynamic valuation level, according to 2011 around 30-35 times valuation,  The company's reasonable value range is 20.10-23.40 yuan. Xindu Chemical: 27.60-33.12 yuan Xindu chemical price of 33.88 yuan/share, corresponding to the issuance of the P/E ratio of 76.13 times times.  The company's initial public offering of 42 million shares, of which 33.6 million shares were issued online. Company to produce and sell many series, many varieties of compound fertilizer and around the compound fertilizer industry chain deep development for the main business.  2007-2009, the company realized operating income of 1.315 billion yuan, 1.704 billion yuan and 1.72 billion yuan, attributable to the parent company's shareholders net profit of 87.1144 million yuan, 149 million yuan and 95.2457 million yuan respectively. Shanghai Securities is expected to launch the company's investment projects in 2012, calculated 2010-2013 attributable to the parent company's owner of the net profit will achieve an annual increase of 11.83%, 22.55%, 48.08% and 12.95%, the corresponding diluted earnings per share of 0.64 yuan, 0.79 yuan, 1.17 yuan and 1.32 yuan. Do they think it is more reasonable to give the company 35-42 multiples of 2011?  The reasonable valuation interval of smoked company is 27.60-33.12 yuan. Asia-Pacific Technology: 35.40-41.30 Yuan Asia-Pacific Technology's IPO price of 40 yuan/share, corresponding to the issuance of the P/E ratio of 67.8 times times. The company's initial public offering of 40 million shares accounted for 25% of the total share capital after issuance.  Among them, the online issue of 32.07 million shares. The company raised fundsThe investment project will buy 7 extruder production lines, the overall production capacity will increase to 99,000 tons, more than the existing annual output will expand 1.36 times times, which is expected to lead to a significant increase in performance. Haitong Securities estimated that the company 2010-2012 earnings per share of 0.85 yuan, 1.18 yuan and 2.01 yuan.  According to the 30-35-fold price-earnings ratio of 2011, they think the company shares a reasonable valuation range of 35.40-41.30 yuan. Hung Road Steel Structure: 42.48-49.56 Yuan Hong LU steel structure price is 41 yuan/share, corresponding to the issuance of the P/E ratio of 68.75 times times.  The company's initial public offering of 34 million shares, of which 27.2 million shares were issued online. Equipment steel structure is the company's second largest revenue and the largest source of profit contribution, the first half of 2010 equipment steel business accounted for the total revenue and gross profit of 24.29% and 39.77% respectively. The company's equipment steel structure mainly electric power and cement equipment, more than 80% of the application in overseas markets, Nanjing Securities therefore strongly optimistic about the equipment steel structure of overseas market demand space. Combined with the current market environment, Nanjing Securities are expected to be listed on the first day of the company's stock price operating range of 42.48-49.56 yuan, the first day is expected to rise 3.61%-20.88%.

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