Stock market vertical and horizontal: High level consolidation and strong rise

Weijun Hong Kong stocks in the previous week after a sharp increase of more than 1000 points, last week, more than 500 points of revenue, the city to maintain a good pattern, homeopathy and speculation should be more than the reverse of the city to do more. 　　In fact, the influx of hot money into Hong Kong has not seen a significant slowdown, and Hong Kong stocks in the high favoured, investors are also inclined to fry the market, some of the real factors to support the 234-line stock has become the target of treasure. Last week, more than five food stocks saw the move, including the Big Food (3999) broke a higher, close nearly 10%, and today officially included in the Global Small stock index of Morgan Stanley (0546) also see break, the closing rose more than 6%. 　　Food stocks favored by hot money, as a leading corn starch stocks of Chinese starch (3838) may also wish to pay attention to. The central lake last week saw a trend of 0.75 yuan in Friday, the highest since September 25 last year, close to 0.71 yuan, and the whole week is still up 0.07 yuan or 10.94%, the unit is expected to return to gas, estimated to digest the recent profits. The group is one of the three largest corn starch suppliers in the mainland, mainly for the production of corn starch, lysine, corn by-products and corn deep-processing products, as well as the sale of electricity and steam. 　　The main customers include chemical, papermaking, food and beverage, animal feed and agricultural fertilizer manufacturers. New capacity in place to improve performance performance group is in September 07, the allocation and issuance of shares in the IPO, the Net fund is 348 million yuan. Shortly after the listing, that is, the start of the capital injection plan, in March 08, the capital of 110 million yuan (RMB, the same below) set up a joint venture, accounting for 85.94% of the interests of the purchase and sale of corn, processing, production and marketing of corn starch, starch sugar, amino acids and other products; in April, through subsidiaries 106 million yuan to acquire corn starch and starch sugar production projects, construction work completed at the end of last year, an annual output of 100,000 tons. 　　In the new capacity this year gradually in place, the group's future profits should be expected to be promoted. The group's corn production and sales increased markedly in the second half of last year, according to Tian Qixiang, chairman of China's president. In addition, the price of raw materials, coal prices also began to fall in the fourth quarter of last year, also helped to enhance the group's gross profit margin. According to Reuters, the 0.11 yuan per share of the current year, which is only 6.45 times times earnings in 09, and the 2010 earnings ratio is significantly lower to 4.44 times times, with valuations at a low level, is a big excuse to fry. Can take advantage of the stock price adjustment to collect, in the short-term up to the target of the annual high of 0.97 yuan.