Palm Garden first show rises 49%

Yesterday, collection writers Garden industry leading Palm garden in the SME board listing, the shares opened up more than 60%, then the oscillation fell back to 67.14 yuan, up 49.2%. The return of the transaction shows that the first purchase is a body, costing 27.06 million yuan.　　Since the release of Palm Garden, the market has been generally compared with another one of the two cities in the Oriental garden industry, especially in the management of heavy hand control of the real estate market background, the issue of 73 times times the distribution of palm garden growth has become the focus of discussion. The first show slightly inferior oriental garden despite yesterday's low market oscillation, but four new listings of small and medium-sized stocks have been sought after the market. One of the main real estate landscape design, landscape engineering construction of Palm garden performance is particularly good. The unit opened at 72.01 Yuan, corresponding to the rise of up to 60%.　　After the higher, although there has been a decline, but eventually rose 49%. Dragon Tiger list, buy first impressively as an institution, buy 27.06 million yuan, about 390,000 shares, accounting for 1.6% of the circulation.　　and Oriental Garden on the first day of the listing is Gaokaigao go, collect up 98.81%, the date of an institution to buy 35.25 million yuan, about 330,000 shares, accounted for the circulation of 2.8%. Visible, whether in the first day of the market increase, or in the organization to absorb strength, palm garden is slightly inferior to Oriental garden. Industry insiders believe that, if you do not take into account the texture of two companies, the recent market transactions light, institutional operation tends to cautious is the main reason for this situation, after all, Palm Garden on the first day of the circulation market capitalisation has been high in 1.611 billion yuan, and the Oriental Garden can not be 1.351 billion yuan. It is noteworthy that the Eastern Garden after the listing of the surge is not an overnight, its listing in the next day more than three weeks after the decline of 12%.　　This "digging" trend will be repeated in Palm gardens, the market needs to verify. But it is certain that the first show rose nearly 50%, making the original equity investors in Palm Gardens full of money.　　For example, the third largest shareholder in Qixia Construction, 2008 to 21 million yuan investment 8.7 million shares, the current market capitalisation has reached 584 million yuan, a return of up to 268.15%! Growth PK for the market, the Palm Garden listing makes the garden industry investment Path has a new choice.　　One side is the Oriental garden 172.99 yuan share price (after the right to more than 259.79 yuan), the other side is Palm garden 67.14 Yuan, who is more investment value, become the key to the future trend of two stocks. According to the National Securities industry analyst Chupo on April 6, the research report, is expected from 2010 to 2012 (hereinafter referred to as "three years") Oriental garden earnings per share of 2.59 yuan, 5.38 yuan and 8.46 yuan, in the current calculation, corresponding to the dynamic P/E ratio of 66.79 times times, 32.15 times times and 20.45 times times; In its report of June 1, Chupo estimated that palm garden earnings per share in three years were 1.17 yuan, 1.75 yuan, 2.49 yuan, corresponding to the dynamic P/E ratio of 57.39 times times, 38.37 times times and 26.96 times times. Similarly, China Merchants Securities industry analyst Wang XiaoyongMay 24 estimated that the three-year Oriental garden earnings per share of 3.56 yuan, 5.86 yuan and 7.97 yuan, corresponding to the dynamic price-to-earnings ratio of 48.59 times times, 29.52 times times and 21.71 times times, and the corresponding Palm garden earnings per share is 1.21 yuan,　　1.97 Yuan and 3.43 yuan, corresponding to the dynamic P/E ratio 55.49 times times, 34.08 times times and 19.57 times times.　　The combination of the above data shows that the growth of Palm garden is less than Oriental garden, and this is based on the Oriental Garden after the listing has risen more than 160% of the stock price, as well as the Palm Garden after the stock price calculation came to the conclusion. On the other hand, since April management pain under the heavy hand to suppress the real estate market, Jiangnan Securities statistics Vanke, poly Two producers have 70% to 80% of the sales face policy control impact, will further reduce the project will become the 2009 real estate garden revenue accounted for 87% of total operating income, the main customer is poly, Vanke and other real estate developers of palm garden hidden dangers. By contrast, the main municipal garden of the Oriental Garden has been listed since the new signing has reached 3.57 billion yuan, in the short term emboldened also relatively more foot.