Huatai Securities from the IPO price has been discounted 21.7% Wang Yawei floating loss 25.58 million

Securities Daily May 26 News Today, Huatai Securities network under the 235 million shares released. With yesterday's closing price of 15.67 Yuan, Huatai securities from 20 yuan per share price has been discounted 21.7%, participate in Huatai Securities network placement of the organization of heavy losses, floating loss of 1.02 billion yuan.　　Among them, put "heavily" to participate in placing the "Huaxia Department" 4 Fund book loss has reached 118 million yuan. China Merchants Securities Securities analyst Hongjin in the Securities daily, said in an interview, in the market one months of adjustment, the brokerage plate is one of the heaviest injury.　　The current valuation of Huatai securities compared to the listing has fallen a lot, now a-share market has gradually stabilized, brokerage stocks are also rebounding, due to participate in huatai placement of the institutions of the body quilt is deep, the possibility of a large sell-off is not. According to the announcement of the placing result under Huatai Securities net, Huaxia has 4 funds to participate in the net placing of Huatai securities, the total purchase of Huatai securities 83 million shares, with 27.24 million shares, of which, selected and selected funds, They were given 3.939 million shares and 1.969 million shares, and the bond fund was subscribed to 35 million shares, and finally received 11.488 million shares; Huaxia Shanghai 300 Index Fund was allocated 9.847 million shares.　　According to this calculation, Wang Yawei in charge of the Chinese market and the Chinese strategy book floating deficit has reached 25.58 million yuan, the whole of China's 4 only participate in Huatai Securities network under the allocation of the Fund book floating losses of up to 118 million yuan. In this new round of broken mmmm, although the stock market plunge is the fuse, but the main inducement is undoubtedly high price and high price/earnings ratio.　　Everbright Securities, China Merchants Securities issued at the time of the high price-earnings ratio, at that time aroused market doubts. Data show that the IPO price of Everbright Securities is 21.08 Yuan, p/E as high as 58.56 times times, a share market history of the eighth highest. August 18, 2009, Everbright Securities officially landed a-share market, although the day to open 30 yuan, the highest price of 30.88 yuan (after January 11, 2010 to create a maximum of 30.94 yuan), but its closing price than the price increase of only 29.98%, The first-ever rally since the start of the IPO. And as of yesterday, Everbright Securities price of 16.87 yuan.　　Compared to the issue price, the break margin is 20%. China Merchants Securities listed on November 17, 2009, offering a price of 31 yuan, 56.26 times times the issue of the IPO since the restart last year, the second highest price-earnings of the motherboard listed companies. China Merchants Securities rose only 8.42% on the first day of the IPO, the worst performance in 2009. China Merchants Securities after the listing of one months has been hovering on the edge of the break, the December 15, 2009 plate below the offer price, the IPO has been restarted since the first share of the break, since its share prices have been down. Yesterday, China Merchants Securities closed at 21.8 yuan.　　Compared to the issue price, the break margin is 29.7%. As the fourth IPO listed securities brokerage, Huatai Securities first opened to the lower limit price, at 20 yuan to 22 yuan per share of hairThe line range finally determines the IPO price is 20 yuan, corresponding to the 29.41 times times P/E, far below Everbright Securities and merchants Securities. But it still does not get rid of break spells, in the 37th trading day after the listing, fell below the issue price. Yesterday, Huatai Securities closed at 15.67 yuan.　　Compared to the issue price, the break margin is 21.7%. Everbright Securities, China Merchants Securities, Huatai Securities three brokerage stock average break margin of 23.8%.