Wan Ma Cable Road show hot institutions quote inclined to lower valuation

-Our correspondent Liu Ying June 29, Zhejiang Wan MA Cable Co., Ltd. (hereinafter called "Million Horse Cable") The last listing will be completed in Shanghai to complete the curtain. As the second single after the IPO restart, the popularity of the million horse cable is no less than the three gold pharmaceutical industry.　　After the full scene in Beijing, Shenzhen, the Shanghai promotion will also be packed.　　Control costs to lock copper mainly to the scene of a trader to the reporter said: "The main concern of the organization of the previous two games are similar, mainly focused on the raw material hedging and the million horse cable in 110,000 volts above the sales of existing products." And the executives of the million-horse cable are fully prepared. Million horse Cable senior said, million MA cable company's raw material cost control is mainly to lock copper, its business process is relatively simple, there is no speculative factors, risk control is relatively easy.　　Specific business process is: In the signing of product sales contract or received the letter of acceptance, the company according to the number of product sales to calculate the consumption of copper, and in accordance with the order delivery time and copper rod suppliers to sign a forward supply contract, locking copper prices.　　Cover and lock copper is to avoid the use of copper price fluctuations, but the financial performance they are different, lock copper gross profit margin relatively fixed, and hedging, spot risk reflected in investment income. Million MA cable specializing in power cable research and development, production and sales, the same industry companies in 2008 after the average static earnings ratio of 32.8 times times, the 2009 forecast P/E ratio of 25.2 times times.　　The company raised about 342.5 million yuan, according to the 50 million shares of the circulation plate backward push, the expected price will be set at 6.85-7.63 yuan.　　The public offering is expected to raise 342 million yuan, which is the same as that of the company last year, with three new production lines, the company has invested its own funds to build, expanding capacity will consolidate the company's industry position. There are brokerage quotes 10-12 Yuan last July 4, million MA cable IPO shares through the SFC audit. June 24, 2009, the SFC approved its public offering.　　According to its prospectus, the million-horse cable will be issued no more than 50 million shares, the first July 2 on the Shenzhen Stock Exchange listed. Million horse cable network under the distribution of the proportion of 28 distribution, under the net issued shares of less than 10 million shares, accounting for the total number of shares issued 20%.　　The underwriters take the form of a combination of a preliminary inquiry and a cumulative bid inquiry.　　On June 25, the first promotion meeting of the Million MA cable, the underwriters Ping An securities limited liability company to the participating institutions to provide the price report, the valuation interval of 12.42-14.89 yuan. For this valuation interval, the majority of the brokers interviewed by reporters expressed recognition.　　But the quotations given to reporters have been taken into account. "We offer between 10 and 12 dollars," admits one broker. "Another brokerage researcher told reporters:" The price range offered by Ping An securities is a reasonable price in the level two market, and our quotation will be lower. "There are also brokers said:" RootAccording to the new distribution system, if the price is too low may not have the opportunity to purchase, we reported three intervals, there will be a higher valuation of a point. "In accordance with the new distribution system, the placing of the object to participate in the initial inquiry quote, must also declare the purchase price and purchase quantity."　　The quoted price is not lower than the final fixed price, the quotation part is a valid quotation, the quoted price is lower than the final fixed price, and the quotation part is invalid, and will not participate in the purchase under the net. Wan Ma Cable This release of the online roadshow will be held on July 1 2 o'clock in the afternoon Panorama network.