Hainan Rubber 87 times times P/E update motherboard record

Hainan rubber, which was underwritten by Citic Securities, announced today that its issue price is 5.99 yuan, so its issue of P/E has also created a new high for the board's a-share issue.　　Earnings per share in accordance with the 2009 net profit divided by the total number of shares after the issue, after the issuance of the total number of shares in accordance with this issue 786 million shares, Hainan Rubber issued a P/E ratio of 87.73 times times. Since the IPO market reform in 2009, the issuance of a P/E ratio, the board has issued a high price-earnings ratio at the same level as the overall P/E.　　According to wind information statistics, recently announced the issue price of the Quartet shares issued a new 77.49 times-fold new board high, and today by the Hainan rubber Refresh. Of course, an important factor leading to the rising price/earnings ratio of the motherboard is that the SME board and Gem IPO companies are also expanding the space to issue P/E.　　At the same time, new research shares have created a record high of 150.82 times times the issuance of P/E. At the same time, the high level of preliminary inquiry to purchase prices also pushed up the Hainan rubber issue price-earnings ratio. Hainan Rubber released from the initial inquiry, a number of inquiry agencies quoted more than 6 yuan.　　Among them, the investment funds quoted as high as 7 yuan, and Jiangling Motor Group Finance Co., Ltd. is an outrageous account of 18.27 yuan to quote, but not in the purchase platform to submit the purchase and payment.　　Citic Securities issued the "Hainan Rubber Investment Value Analysis Report", the comprehensive free cash flow discount model and relative valuation methods, that the company A shares of the reasonable value range of 4.50~5.56 yuan, lower than the last fixed price Hainan rubber.　　According to the forecast of three securities dealers, the reasonable valuation range of Hainan rubber is between 5.53 yuan and 6.36 yuan. National Securities industry researcher Xu Hao that Hainan rubber is the largest natural rubber production enterprises. The company has 3.53 million mu of woodland, accounting for the National Rubber plant area of 30%, 2009 the company's rubber production accounted for the national total production 30%. The project will be used for plastic garden renovation plant, rubber seedling breeding base construction, hat technology. The continuous expansion of capacity scale in Hainan base will bring about the intension growth of the company.　　It is expected that the company 2010, 2011 Comprehensive diluted earnings of 0.15 yuan and 0.20 yuan, the company is expected to two market reasonable price of 6.75 yuan ~7.5 yuan. Guotai also believes that Hainan rubber will enter the forefront of the world in three years. The company adopted large-scale cultivation, plantation long-term contract management model, compared with other international companies, in the scale of production, unified planning, quality management, risk control and other aspects have obvious advantages.　　But the reasonable value range of the company is only 4.80 yuan ~5.60 yuan. However, according to the "First financial daily" survey, Hainan Rubber also has two major challenges, one is fed, and the other is the price of natural rubber volatile.