Institutional inquiry to create market dream rate high growth of new shares or benefits

Every journalist Liu Mingtao not highest, only higher!　　138.46 times times the issuance of a P/E ratio, the Ultra high P/E ratio of the star species (300143) has turned investors. With the same number of IPOs offering an astonishing 105.5 times-fold average price-earnings ratio, the madness of institutions is a reflection. However, in the face of such a "dream"-like price-earnings ratio, investors should also have a head fever, to become a "dream" victim?　　This week, the daily economic news has sought to find another direction of investment for investors, through an analysis of its investment logic, which is not afraid of the high price of inquiry, in an effort to dig out new shares with better performance and higher growth. After the second phase of the reform of the IPO system in November, it was thought that the issue price of the new shares and the issuance of a P/E ratio would be more reasonable, yet the Bai Yubei of the gem "upstart" once again made investors cry.　　The Galaxy, which has a 138.46 times-fold price-to-earnings ratio, combined with its share of Songcheng shares (300144), 103.92 times multiples and the South pump (300145) 74.12 times multiples, has an average price-earnings ratio of up to 105.5 times times, the most issued after the IPO restart.　　"City Dream rate" in the end how high if Watson biology in the IPO system before the second round of reform to set a 133.8 times-fold issue price earnings ratio is the last madness, then the reform of the Galaxy's 138.46 times-fold P/E ratio can only be described by "obsession." Looking back on the new IPO rules after the issuance of several rounds of IPO, the SME, whether the IPO price or the issue of P/E has actually declined significantly.　　The first day of the market soared fuling mustard tuber price is only 13.99 yuan, the issue of 53.81 times times, while the days of fire and the owner of electric appliances are not more than 25 yuan, 3 new shares on average issued a P/E ratio of less than 60 times times. After two new shares in Shun Jie soft days of the distribution of the steam model is also under 60 times times, and the highest issue price in Shun Jie Rou also only 38 yuan. When the market thinks the new regulation has effectively curbed the irrational issue of IPO, the first round of the gem after the new regulation has again surprised the market.　　The main products include mushroom, such as fresh mushrooms, 138.46 times times the distribution of the star, refreshing the record of a shares, and Songcheng shares of 103.92 times times the price-earnings ratio is also greatly beyond the market forecast.　　Market personage Analysis believes that the gem has been showing a high price, high P/E and superb rate of the "three-high" problem, which they are in the emerging sunrise industry has a certain relationship, and the valuation of high premiums is also the International Business Board of Practice.　　Although the organization is not afraid of high, but rationally, such a "City dream rate" in the end what is the market position?　　"Daily economic news" Reporter noted that the issue of new shares are 2009 years of net earnings to calculate, but now close to 2011, a-share has already used 2010 years of performance as a basis for calculation, 2009 data has been relatively lagging behind, not persuasive. According to the reporter's rough calculation,If the star in the first half of 3 new shares of the new Year's results as a base, the Galaxy, Songcheng shares and the South pump annual net profit of 26.2817 million yuan, 138 million yuan and 50.5362 million yuan, if the price as a base, their annual price-earnings ratio of 91.77 times times, 64.29 times times and 59.84 times times. In addition to the star species, the other two stock multiples are below the current average of 78.47 times times the entire gem.　　But they are still overvalued in the light of the stock price boom on the first day of the IPO. High-growth new shares or beneficiaries of a long-term research on new shares told the Daily economic news reporter, "Although the IPO price/earnings ratio has been high, but from the trend after their listing, all in the market hot stocks, can still be a capital stir-fry, Watson biology is a typical example, the first day rose more than 40%. But from this trend, there are other investment opportunities. For ordinary investors, in the face of such a high price issue of stocks, naturally will not touch, but the inquiry Agency network under the allocation of a lot of shares, they dare not fear high inquiry to participate in placements, voluntary shareholding lock for 3 months, this means they are optimistic about the future growth of these stocks and the rapid development of the industry to bring the stock opportunities?　　If so, investors can tap into the other high quality stocks in the market, which are relatively low and also in the market-bullish sector, and use these stocks as their own investment, and this logic will work. Shenzhen, a reluctant to be named private equity people also said that the gem "three high" issue does exist unreasonable place, but investors should not be generalized, a stick will be killed, in fact, in the current gem market has a lot of good companies worth our research, digging their investment value.　　Similarly, in the SME market is the same, this year listed a number of features of the company, we need to grasp. According to the statistics compiled by the Daily economic news reporter, 80 shares of the IPO, which were listed after June this year, have released 2010-year forecasts, based on the forecast and the December 3 closing price, there are 35 new shares with a year-on-year price-to-earnings ratio of less than 50 times times.　　and less than 30 times times the second new shares also have 3, respectively, is the superstar technology, Pine Zhi shares and a leap of land shares.　　In addition, the reporter also noted that, although some of the new shares of the annual price-earnings ratio is higher, but its performance growth rate is faster, such as sunflower, palm Garden and Hirota shares 3 of the growth rate of more than 100%. So which stocks are more deserving of investor attention in these new offerings?　　"Daily economic news" for investors selected 6, for the reference of readers. Song Zhi shares (002454, closing price 30.25 yuan) car air-conditioning king Pine Zhi shares are professional vehicle air-conditioning manufacturers. In the field of large and medium-sized buses, the company has become the most advanced technology, production and marketing of the largest leading enterprises, in recent years the market share of stability in about 24%, the industry first. Company from 2006 years began to vigorously enter the passenger car air-conditioning market and has achieved remarkable results, in recent years, the company's product sales have exploded in growth, has emerged as the passenger car air-conditioning market dazzling nova.　　In addition, refrigerated car refrigeration unit and rail car air-conditioning is the company's two investment projects, "Twelve-Five" period will be China's cold chain logistics and rail transit in the great development period, the company's refrigerated car refrigeration unit and rail car air-conditioning if the favorable external environment to achieve a successful breakthrough, will open up long-term growth space for the company. The company expects net profits to rise 50% to 80% this year, with a 80% per cent increase in the number of journalists, which is expected to reach 273 million yuan this year with earnings of up to 1.34 yuan.　　If the shares were to be measured yesterday, their 2010 P/E ratio was only 26.57 times times. Superstar Technology (002444, closing price 37.98 yuan) hardware tools consumer superstar technology is one of the largest handmade manufacturing enterprises, the last 3 years of export industry first, is the European and American many tool products vendors in Asia, the largest hand tool suppliers.　　In the superstar technology product category, hand tool global market capacity of about 35 billion U.S. dollars, hand-held electric tools about 48 billion U.S. dollars, the global market space is vast, and maintain a 3%~4% annual growth rate. Wanguo that the company deeply integrates the supply chain, facing the global major retailers channels, will itself become a domestic hardware tool export window and global procurement one-stop platform. Company or hardware tools consumer market channels and brand operators, through the supply chain outsourcing of the light asset model to get rid of the performance growth of the capacity constraints, saving investment cash flow, focus on resources into research and development design, brand building, channel development, such as high value-added industrial chain links, driving the steady growth of performance, reduce business risk,　　Enhance enterprise value.　　The company is expected to increase the net profit of 20% to 50% Year-on-year, the reporter to increase the proportion of 50%, the net profit is expected to reach 324 million yuan this year, earnings per share or up to 1.27 yuan, if the shares yesterday's close to calculate, its 2010 P/E ratio is only 29.81 times times. Mega shares (002429, close to 27.94 yuan consumer electronics leader trillion Chi is a professional home audio-visual consumer electronics Research and development, design, production, sales of state-level High-tech enterprises, now has LCD TV, digital set-top box, video disc and multimedia audio Four series, more than 300 models of products.　　With the rapid development of digital technology and display technology, the world is entering a new digital high-definition era, home audio-visual electronics products will undergo a large-scale upgrading of products, the market size of digital products will continue to expand. Citic Securities that the company faces consumer electronics, especially the LCD TV industry, the good opportunity to outsource, since this year, sufficient orders, but insufficient capacity to meet the demand for part of the order, although it was listed in June this year, but the capacity construction takes time, most of the production capacity needs to wait until 2011. The company is expected to release its production capacity next yearLCD TVs, set-top boxes and digital video-disk machines and other business will be faster growth, and the growth momentum can continue to 2012 years.　　The company expects net profit to rise 30% to 50% this year, with a 50% per cent increase in net profits this year, which is expected to reach 374 million yuan a share earnings or 0.79 yuan, with a 2010 price-to-earnings ratio of just 35.26 times times as measured by the stock's closing price yesterday. Oriental Sunrise (300118, closing price 67.88 yuan) PV Cell star Oriental Sunrise is a company engaged in solar cell, solar modules and solar photovoltaic products such as research and development, production and sales of High-tech enterprises.　　The company 2008 solar cell production of 34.11MW, ranked 15th in the country, accounting for 1.32% of the total production in 2009, the output has reached 58.60MW, 2008 output of 1.72 times times. Zhejiang Merchants Securities analysis that the east rising with the industry's leading technology and excellent technology, coupled with the production of various aspects of equipment understanding and collocation of "just right", so that the company's single line of actual production capacity of up to twice times the design capacity,　　More than 1.5 times times the average level of the industry, to achieve full capacity mining and utilization, the 2011 solar cell capacity is expected to be larger than 400mw,2011 the end of the new line after all put into production capacity of the battery module is expected to reach about 650MW. The company expects net profits to increase by 67.92% to 106.67% this year compared with a year earlier, with reporters growing 106.67%　　Net profit is expected to reach $240 million this year, with earnings per share of 1.37 yuan, which, by yesterday's closing price, was only 49.5 times times the 2010 price-to-earnings ratio, below the industry average and the average price-to-earnings ratio. Hingson Technology (002436, closing price 69.48 yuan) PCB model leading Enterprise Hingson technology company is currently the largest printed circuit board model and small batch plate manufacturing service providers, with PCB design, manufacturing and SMT paste complete industrial chain.　　Companies with high technical level, rich customer resources, with 2,547 customers, its downstream industry, most of the leading enterprises have cooperation with the company. Recently, the company has just issued an equity incentive bulletin, the National Yuan Securities analysis that the 2015 net profit relative to 2009 320% growth and 6-year annual compound growth of 27%, highlighting the management of the company's confidence.　　It is expected that the future model and small-volume plate output will continue to improve, and 2008 in the domestic model market share of the market shares of 5.41%, in the small batch plate market share of 0.89%, the company in the industry's rising space, especially the small batch plate market area is very large.　　The company expects net profit to rise 50% to 80% this year, with a 80% per cent increase in net profits this year, which is expected to reach 140 million yuan, or 1.25 yuan a share of earnings, or 55.48 times times its 2010 earnings. Hangzhou Oxygen shares (002430, closingPrice 28.98 yuan The future industrial gas giant Hangzhou Oxygen shares is the largest and oldest air separation equipment manufacturing enterprises, mainly engaged in air separation equipment, industrial gas products and petrochemical equipment production and sales business.　　The company is in the process of switching from equipment suppliers to gas suppliers and has been exploring gas investment since 2003. Domestic industrial gas market began to develop rapidly after 2000 years, 2005 China's industrial gas growth rate of 15%, is expected by 2015, China's industrial gas market capacity will reach 75 billion, annual growth rate of about 13%. Companies with their own equipment in the field of domestic leading position, will be in the industrial gas industry exhibition. Recently, the founder of the company to investigate the stock of shares that the large air separation equipment market share of 41.24%, oxygen production overall market share of 33.9%, long-term to maintain the first.　　The company will be given a target price of $41 from the prospect of manufacturing air separation equipment to provide gas services, and possible high distribution expectations. The company expects net profits to rise 30% to 50% this year, with a 50% per cent increase in net earnings this year, which is expected to reach 376 million yuan a share earnings or 0.94 yuan, with a 2010 earnings rate of only 30.89 times times that of the shares yesterday.