New shares are manipulated demon stock by the star-hat fund lurking for what?

Waterfront shares (601678) suspected "was manipulated" Huaxia Department of 3 funds under the net purchase from the opening only slightly up from 1.05% to the plate was SSE temporary suspension, the Tiger's first IPO trend is full of bizarre. February 23, SSE, the first new issue of the Tiger of new stock--waterfront shares (601678.　　SH) opened 19.2 yuan, rose 0.2 yuan, or only 1.05%.　　In the outside world is expected to have a new stock will break on the first day, only after the low hovering 1-hour waterfront shares suddenly began exerting force on the attack, the highest rise of up to 31.58%, for one months to the new stock market on the first day of the best performance, turnover rate also reached more than 50%.　　The day 11:05 noon, due to the plate was inexplicable fry, waterfront shares were SSE temporary suspension. SSE announced that the waterfront shares in the morning of the transaction in the unusual situation.　　According to the relevant provisions of the Shanghai Stock Exchange trading rules and the Shanghai Stock Exchange real time monitoring and control guideline, SSE decided to suspend the waterfront shares transaction since 11:05 February 23, 2010, resuming the transaction from February 23, 2010 13:05. After the afternoon of the card, the waterfront shares plummeted, the share price fell nearly 20%.　　However, as of the closing, the stake in the waterfront rose 16.53% to 22.14 yuan.　　Who is "making the city"?　　From the previous part of the securities companies to shore up the shares of the stock forecast, February 23, the closing price of the shares of 22.14 Yuan in the middle position.　　Among them, the reasonable share price range of the waterfront shares given by Shanghai Securities is relatively high, which is 21.64-25.76 yuan. Shanghai Securities based on the determination of the waterfront shares as the largest domestic market suppliers of propylene oxide, in recent years has maintained a high level of market share. Since 2006, the waterfront has been the largest domestic market suppliers of propylene oxide, in the first half of 2009, with the East Rui chemical 100,000 tons/year of epoxy propane equipment into operation, the company's market share of propylene oxide products have been further upgraded,　　2009 the first half of the company's propylene oxide sales accounted for the national market supply of 37%.　　The Shanghai Securities Company Research Institute industry researcher forecasts that the company can be valued at 50 times multiples of 2009, 35 times times earnings in 10, and a reasonable stock price range of 21.64 to 25.76 yuan.　　However, the East China Sea securities to the waterfront shares of the stock price forecast range is not the same, 13.8-17.25 yuan.　　Mao Wei, a researcher in the East China Sea Securities industry, said in a study that as of February 3, the market had a consistent expectation of a 27.72 times-fold trend in the chlor-alkali industry.　　However, because the performance of the new project of the waterfront shares has been basically reflected in 2009, it can give the shares of the 20-23 Times of 2010, the company's reasonable valuation interval should be 13.8 yuan-17.25 yuan.　　According to the East China Sea Securities valuation, the waterfront shares will inevitably be break? According to the prospectus of the privatization of the shares, the foreshore stockHas invested 1.59 billion yuan (including its own capital of 200 million yuan%2B bank loan 1.39 billion yuan) in early 2009, completed the fund-raising project, the issuance of funds to be used to repay the construction of capital investment projects of the bank loans and replacement of the 2010 will be put into production of three projects of capital investment.　　The fund is obviously not too "cold" on the stock, as compared with the securities firms ' views on the waterfront shares.　　According to the results of the placements in the net of the previous days, net under all the investors have only 15, of which only the Chinese dividend (002011, fund bar), the Chinese advantage (000021, the Fund bar), Rich days (100018, fund bar) and China's growth 4 funds to participate in the network under the purchase.　　The myth of new shares "far away" from the listing of a small increase in the market, the majority of outsiders believe that the stock or, like some of the new shares, the first day of the IPO has been difficult to perform well.　　Data statistics show that, after entering the late January, some of the new shares frequently appeared on the first day break, the listing of the IPO price/earnings ratio, the first day of the IPO increase and the opening share prices have declined markedly. Public data show that this year, the new listing of 56 listed companies, the first day of the IPO, the biggest increase is the January 15 listed Opu (002338, shares bar) (002338) (002338.　　SZ), up to 134.09%. Also need to note that the joy of the shares (002348, shares bar) (002348) (002348. SZ), China one heavy (601106, share bar) (601106) (601106. SZ) and Hao Ninda (002356, Stock bar) (002356) (002356.　　SZ) 3 listed companies appeared on the first day of the opening break in the market, the 3 listed companies on the first day of the IPO fell 4.46%, 3.86% and 0.96% respectively. Reporters looked at the IPO in recent years, the initial opening price of the data found that since August 18, 2006, Air China (601111, shares bar)　　(601111) After the first day of the IPO shares fell 0.71%, no similar situation in recent years, and in February 2010, in only 1 months, there have been 3 listed companies in the first day of trading shares fell. For the above phenomenon, many people interviewed by the industry said that this is because of the recent market adjustment, resulting in lack of investor sentiment, on the other hand, the first day of the rise and fall of the new shares gradually return to rationality.　　[Page] Runner Fund increase warehouse "demon stock" Gaochun ceramics (600562, shares bar) This wear St Cap runner Fund Gaochun Ceramics yesterday, a number of listed companies disclosed the 2009 Annual report, some of the fund heavy stocks also exposed the change in positions. Zhangzidao Island (002069, share bar) (002069) (002069) (002069) last year, net profit was 206586425.68 yuan, compared with 2008 the same period of 125219779.11 yuan growth of 64.98%, the distribution scheme is 10 shares to 10 share cash dividend 5 yuan (including tax). Compared with last year's three quarterly bulletin, the original holding 4.4722 million shares of South long Yuan (202007, fund bar), holding 1.9689 million Yuan Kaiyuan (184688, fund bar) and holding 763,700 shares of Huaxia SME (159902, Fund bar) index Fund,　　In the annual report all withdrew from the top ten circulating stock shareholders; The newly entered fund is holding 1,830,020-ninth Chongyang 3 and holding 683701 shares of the Chinese Dividend Fund, it is noteworthy as a new force in private equity funds-Chongyang investment chief investment officer is the original Bank Schroeder fund investment director Li Xuli. In addition, Oriental securities collection of wealth management products-Dongfanghong 3rd in the last four quarters to buy 1 million shares.　　qfii--Fortis also bought 1,299,877 shares.　　Gaochun Ceramics (600562) (600562) net profit last year was $39421796.52, which was reduced by 76.8% from the same period of 2008 to 22296605.86 Yuan.　　Compared with last year's three quarterly bulletin, originally held 958,800 shares of the Chinese Dividend Fund, in the annual report withdrew from the top ten circulating shares of shareholders; the new fund is a 1,363,036-share Xinhua Optimization Growth Fund, to know that the fund has won the last year's return to the position.　　In terms of performance letters, some of the fund's stocks also disclosed some information.　　is easy to reach the department of three funds in the warehouse of the East Letter of Peace (002017, Stock bar) (002017) (002017) (002017) Performance Express, the reporting period, the realization of the owner of the parent company to achieve the net profit of 31.39 million yuan, the year-on-year reduction of 24.72%, to achieve basic earnings per share of 0.20 yuan. By Huaxia Department Three fund heavy storehouse of three steel min light (002110, share bar) (002110) (002110) (002110) Performance letters show that the company achieved total operating income of 13,427,813,800 yuan, down from 2008 23.13%; Net profit 4,236.300,000 Yuan,　　Growth of 21.59% per cent compared with 2008, to achieve a basic income of 0.079 yuan.　　Three steel min Light, said that 2009 company firmly grasp the country to support the West Coast Economic Zone construction strategic opportunities, in-depth on the standard tapping potential, the cost fell year-on-year; "Demon Stock" Gaochun Ceramic wear st cap stock in the last year, even pull 11 trading, and pulled out the first domestic because of suspected insider dealing and was detained deputy Hall-level officials of Gaochun ceramics, yesterday released 2009 Annual report, it is surprising that not only the rumors of the reorganization has not made new progress, but also due to the loss of 39.42 million yuan a year and announced today will be affixed " St "label. This once crazy Rose "demon shares" unexpectedly face the risk of retreat! The biggest concern of many retail investors is whether the reorganization will continue. ThisCan you touch the stock? A. Re-explosive News-"demon stock" Gaochun ceramics will be wearing St January 2003 listed Gaochun Ceramics (600562) main business of daily-use ceramics manufacturing, before the price is tepid.　　April 2009, the stock price hovering around 7 yuan, April 21 reorganization announced suspension, May 21 confirmed Nanjing 14 Institute backdoor, to achieve "from the daily ceramic manufacturing industry to information technology industry" "Gorgeous turn", even pull 11 trading, the share price rose to more than 20 yuan, up 180%. And 2009 Annual report shows that Gaochun Ceramics 2009 income of 228 million yuan, belong to the listed company's shareholder net profit is negative 39.42 million yuan, respectively, compared to 2008 20.3%, 76.8%, the annual basic earnings per share is negative 0.47 yuan, net assets of 3.36 yuan per share. Gaochun Ceramics At the same time, due to 2008, 20,092 consecutive losses, the company will be implemented risk warning, the company shares in yesterday (23rd) suspension of the day, today (24th) to implement risk warning, the stock referred to as "St Gautau (600562) (600562)",　　The daily price limit is 5%. In the last trading day before the suspension of cap on the 22nd, Gaochun Ceramic Tail plate was pulled straight, the trend of the tide rose 4.87%, closed at 31.44 yuan.　　[Page] B. Annual report accident--the top ten shareholders insist on "staying" although the company will be labeled "St" this morning, but it does not prevent the large companies in pursuit of the company. The annual report shows that four of the Xu Xianting, Chen Zhiming, Ju Jinmei, Chen Yu, and so on, have occupied the top ten most important seats in the last three quarters of the stock holders of natural shareholders almost unchanged, in addition to the Xu Xianting at the end of December, the number of shares from the end of September to 4.1885 million shares, the remaining three However, among them, Chen Zhiming, Chen Yu the father and daughter for the unanimous action, in last June 24 and Chen Zhikang together with the Gaochun ceramic, so by "6 months" of short-term trading rules limited, during the period did not reduce the company stock. In addition, Gaochun ceramics in the four quarter also attracted another special large-Wu Baojin.　　Holding 606,500 shares of the company, accounting for more than 0.72% of the Wu Baojin, the first ranked top ten circulating shares in the list of shareholders, ranked tenth. C. Dong's reply--the reorganization plan has been reported to the SFC this January 6, Gaochun Ceramics issued a notice, the company this January 5, China (600795, shares bar) sub-Technology Group 14th Institute Notice, 14 have been obtained SASAC " The official reply on the issues related to the non-public offering of shares and assets of Gaochun Ceramics, the SASAC agreed to the plan. But it is understood that the plan still needs to obtain the CSRC approval. Yesterday, the reporter dialed the Gaochun ceramic dong secret telephone, answering the phone call themselves Dong Wang Guife himself. He said: "Reorganization and cap are two different things, was St because according to the annual report, 2008, 20,092 years of continuous loss, so be implemented risk warning;"He said the restructuring plan has been reported to the SFC, but has not been approved. He also confirmed that the reorganization plan and the early disclosure of the agreement. According to Gaochun Ceramics May 22 last year's announcement, the reorganization mainly includes: its controlling shareholder Gaochun County State-owned assets Operation (Holdings) Limited on May 19 and China Electronics Technology Group 14th Institute signed the "Share Transfer Agreement",　　Its main business is transferred to the microwave and information technology industry under the electronic information industry after the reorganization of the shareholding of 27.33% per cent of the total share capital to 14.　　D. Optimistic--restructuring successful stocks will have a good performance after being St, is the stock that has soared last year not touched? Zhang Senguo, analyst at the Shandong God-Light financial Research Institute, said that now for the St stock, the key to the impact of its movements, or the restructuring process and injection of asset status expectations, from the injection of the electronics industry, imagine the space will be relatively large. The effect of "hat cap" is not the share price, but the more it is narrowed down to 5%, so it is not possible to touch the stock.　　Especially if this year, and the net assets are positive, successful tipped, according to past experience, tipped before and after the stock performance will be quite good. E. Risk tip-the probability of a small retreat is not impossible however, from another perspective, industry analysts also suggest risks. According to reports, because has been a loss for two consecutive years, and then be wearing St cap, if the third year that 2010 audited net profit continued to lose, will be suspended listing, if further losses, may face the withdrawal of the market. "The probability is small, but not impossible, from the perspective of restructuring," he said. "An insider told reporters that the annual report shows St Gautau (600562) 09 per share loss of 0.47 yuan, Gaochun ceramics in the formulation of the 2010-year business plan did not mention the reorganization plan, but will continue to focus on the current company's existing ceramic business, and said 2010 to strive to achieve the balance of production and marketing and profitability.　　This may suggest that the company has been cautious about whether asset restructurings will be approved by the SFC after insider trading. In addition, hot money on the stock of the subject of speculation can be said to be "successful", the loss of 0.47 yuan per share of the St stock price also reached more than 30 yuan, "for retail investors, temporarily do not touch such stocks for good." "Under such a different attitude, there is no doubt that shareholders should invest in their own risk tolerance and pay close attention to the asset restructuring process."　　[Page]　　[link] Gaochun ceramics "demon Way" and insider door April 20, 2009: After opening a few minutes quickly trading. April 21: Gaochun ceramic suspension.　　May 21: Gaochun Ceramics officially released a reorganization announcement, said the company will be with China Electronics Technology Group Nanjing 14th Institute of Assets reorganization.　　May 22: Gaochun ceramic Complex card, after 11 consecutive trading. At the beginning of June, Gaochun ceramic trading opened, a number of companies in Nanjing Securities sales by the sale of large collective billboard. December 9, "Nanjing, a brokerage staff involved in insider trading was investigated "news, after the media confirmed that the article refers to staff for the Nanjing Securities Trade union staff Chen Chuiling, Nanjing Economic Commission director Liu Baochun wife." December 29, Liu Baochun was dismissed for alleged insider trading.　　At the same time, the Department of Investigation and identification, Chen Chuiling 6 times to buy Gaochun ceramics 603,900 shares, June 25 before all sold, illegal profit of 7.3834 million yuan.　　[Small Knowledge]*st and St's relationship St-Specialtreatment's first capital letter. St shares said the company's financial situation deteriorated (such as net assets below par value, consecutive years of losses, etc.) by the stock Exchange mandatory or listed companies themselves, the stock exchange for special treatment (specialtreatment).　　So labeled "ST". St refers to the "special treatment of the risk of termination of listing" by the stock exchange on the stock transaction of the company which has the risk of terminating the listing. is the special treatment of a category added on the basis of the original "special treatment", the main measure being the word "St" before its stock short name, to distinguish it from other stocks,　　In terms of trading, the risk of delisting is implemented in the stock. Like St, the St price limit is 5%.　　Generally speaking, the difference between St and St lies in some specific indicators, may be weaker than the former indicators, closer to the risk of delisting. Write Ma Siebe Latest news: Gaochun Ceramics announced last night: Jiangsu Gaochun Ceramics Co., Ltd., China Electronics Technology Group 14th Research Institute (hereinafter: 14) received the "China Securities Regulatory Commission (hereinafter: the SFC) administrative license Application materials rectification Notice", For the 14 submitted by the "Corporate acquisition Report" and "corporate exemption from the takeover bid," the administrative license application materials put forward the correction requirements, request to supplement the listed companies to purchase assets issued by the merger and reorganization Committee to review the information disclosure documents and other relevant information, and the reorganization of the application is currently in the SFC audit phase, The relevant materials which have not been approved by the CSRC's merger and reorganization Review Committee. As a result, 14 has submitted an application for postponement of the submission of the purchase report and exemption of the tender offer to the SFC on February 23 2010 months.