Three new shares of fresh taste of the second round of reforms

Today, the three new stock of fuling mustard, the boss of electrical appliances and days of fire will be online purchase. As the first trial plots for the second round of new shares, three shares have a slightly higher earnings ratio than before, but the phenomenon remains serious.　　There are people in the industry are expected, in the two-level market hot at present, a correction of the first-tier market may leave more room for the first day of the two market, and then there are new shares to buy hot, the results of the decline in the rate. -Express reporter Liu Fang valuation slightly lower than the raise still exist although the main purpose of the new rules is to curb the phenomenon of high prices, but from today's issue of the three new shares pricing, the results are not significant. Monday night, fuling mustard, day wide fire and the owner of the three electrical Appliances company Bulletin, the issue price is 13.99 yuan, 20.19 yuan and 24 yuan, the issuance of P/E is 53.81 times times, 69.12 times times and 47.06 times times respectively. As the IPO system was launched after the start of the second phase of the launch of the first listed companies, the three new shares on average issued a P/E ratio of 56.64. Since November, the average P/E ratio of 11 new shares is 75 times times, and October is 59 times times, September is 61 times times, fuling mustard, boss electrical appliances, the day of fire, the average issued a slightly more than the initial share price of the new shares, but compared to 2007, 2008, the average issue of the stock price　　26.6 times times there is still a big gap. Despite a slight correction in the issue of P/E ratios, the phenomenon remains serious. According to the bulletin, Fuling mustard Tuber to raise the amount of funds for 240 million yuan, if the issue is successful, the issuer will actually raise the amount of money for 559.6 million yuan, over 319.6 million yuan; day wide fire to raise funds for the amount of 140 million yuan, after the successful release of the actual fund-raising will be more than 500 million, super raise 360 million yuan; boss Electrical proposed to raise capital of 518.9 million yuan, if this time The issue is successful, the actual amount of money raised by the issuer will be 960 million yuan, exceeding 441.1 million yuan.　　The average rate of three new shares is 1.58 times times, one of the days of fire a super raise rate of up to 2.57 times times. The new enthusiasm of the market will be the main play of the second round of the reform, enlarge the scope of the inquiry object and change the method is to solve the issue of the "quote real" problem, and this is the core purpose of the new issue reform. However, in the second round of reform of the first batch of three new shares issued in the announcement, did not disclose how the issue of the price is made, the prices of each inquiry agencies how the status, as well as the agency quoted price of the establishment and impact. "From the public information can be learned that the second round of reform, the network under the inquiry if the organization can get a large number of chips, the risk is more concentrated, so they will be prompted to give a reasonable price, thus affecting the final issue prices."　　"A brokerage business analyst said that although the second round of reform has been launched, but because of the early issuance of new shares and issued a very high price/earnings ratio, so now the reform is only to curb the trend of continued to rise, and then the gradual return to a reasonable interval of the process. "There is a reason for this round of reform. New Venture Board new sharesSen Biology 133.8 Times times the number of days to issue a P/E ratio, reform is coming.　　Wu Yajun, chief analyst at Orient Securities Nanjing Sales Department, said that while this round of reform sword refers to the high valuation of new shares, but because the base before the reform is already very large, it is impossible to one-step to achieve the issue price and the issuance of P/E to return to a reasonable range. Wu Yajun said the rationalization of the first-tier market valuations was likely to be accompanied by a rise in the first day of IPOs and a new craze. "If the first-tier market price in a reasonable return, but the two-level market hot let speculation of new investors continue to the inertia of speculation, so that the level of market share prices may be transferred to the first day of the two-tier market, so the new shares on the first day is likely to be a bigger increase "In addition to attracting new shares on the first day, the IPO price is reasonable and will add to the new security."　　Wu Yajun expected reforms to take effect, the market hit new enthusiasm will be greatly increased, the rate will decline, the retail investors to hit new or will become difficult. Related news Colin Environmental protection market jumped 140% to create the first day of nearly two months of new shares of the biggest rise yesterday, Colin Environmental protection, Hui Fung shares, elegant group, Han cable shares of 4 new stock in the Shenzhen securities listed transactions.　　Despite a slight correction in the market, but the first day of the listing of Colin Environmental protection soared 140%, the popularity of the same as the earlier market. Yesterday, Hui Fung shares, Accor Group, Han Cable shares, Colin Environmental protection 4 new shares reported 60 yuan, 40 yuan, 39.88 yuan, 43 yuan, respectively, high opening 23.23%, 31.15%, 10.78%, 72%. After the opening, along with the market shock, the group of small shocks, the closing of 39.96 yuan, corresponding to the 31%. Another three stocks in the plate have climbed, Hui Fung shares received 63.11 yuan, or 29.61%, Han Cable shares received 44.2 yuan, or 22.78%. The Open led Colin Environmental protection was dancing in the plate, a sharp surge, but also because of the midday market price of 20% higher than the issue, was once suspended from the exchange for half an hour, and finally reported 60 yuan, the increase of 140%, the increase of up to 157.96%.　　To close by 140%, Colin Environmental protection set a September 10 after the biggest rise in new shares. From the Billboard information, yesterday's speculation Colin Environmental protection is still dominated by hot money. Billboard before the top five trading seats, and there is no body, and the circle of famous money club-Guo Xin Securities Shanghai Beijing East Road Sales department, state letter Securities Shenzhen Nine Road Securities business Department, National Letter Securities Guangzhou Dongfeng Road Securities Sales Department in the middle of the buying side sell, high throw low suction to the top. The exchange information shows, Huatai Securities Nanjing Zhongshan North Road Sales department to 9.695 million of the purchase amount ranked first, but also sold more than 5.718 million. and National Letter Securities Shanghai Beijing East Road Sales department, Shenzhen City, nine road sales department, Guangzhou Dongfeng Road Sales Department in order to 4.53 million, 3.8 million, 2.364 million selling the amount of the top three seats sold. However, the three sales departments in the sale of the same time, from the two-tier market to buy higher than the sale of chips, buy goldThe amount is 5.018 million, 5.163 million, 2.392 million, showing three sales departments are in high throw low suction. And the three sales department also ranked yesterday in the other three new shares sold in the first three, the operation and September or October speculation other new shares did not. Some analysts said Colin's first day of environmental performance over market expectations, the future may be continued to fry high. "The unit has the concept of environmental protection, which is the ' Twelve-Five ' plan to focus on the direction of development, coupled with the shares of the stock is the smallest of new shares, so be sought after." In terms of fundamentals, the company is growing well and is expected to gain 0.53 yuan per share this year. Although the current valuation has been significantly too high, but may still be further speculation, because the layout Twelve-Five concept is the main investment ideas in the near future. ”