Xingye Securities Shanghai Road Show quote 10~13 Yuan

The agency said it was "not cheap" Peng Jieyun yesterday afternoon, Societe Generale held its first IPO roadshow at Shangri-La Hotel, Shanghai.　　"The first financial daily" from the participants in the organization to understand that the sponsorship of UBS Securities issued a report of the value of the range in 10~13 yuan. Most of the brokers and fund participants in the meeting thought the enquiry range was not cheap. "Such pricing is equivalent to 20 times times the 2009 earnings ratio, but the net profit of Societe Generale in the first half of this year is down from nearly 40% in the same period last year, with the best performance in the first half of Acer's current P/e ratio of 21 times times."　　"said a brokerage analyst. At the roadshow site, the agency's more interesting issues focused on the outstanding brokerage business of Societe Generale Securities. According to China Securities Association announced the 2009 Securities Company Equity Fund trading total amount ranking, Xingye Securities ranked 19th. Institutional people are more concerned about whether there are mergers and acquisitions of other securities business departments, such as whether it is intended to take over the Guangdong securities because of "a reference" to sell the Guangdong-China shares, to expand the number of business departments in Fujian.　　At the road scene, the company's senior executives said no intention.　　The securities analysts said in addition to the increase in brokerage business space is not small, Societe Generale securities in the self-employed and investment banking flexibility, the first half of this year, Societe Generale's proprietary business losses of 18.42 million yuan, in the first half of the coupon industry investment bank income surge, industrial securities investment banking business is weak, net income is only 59.99 million yuan.　　Societe Generale September 14 issued a letter of intent to show that the first half of 2010, the total operating income of Societe Generale 1.11 billion yuan, attributable to the parent company's shareholders net profit of 336 million yuan, the year-on-year decline of 21.5% and 38.29%. Societe Generale began its 4-day IPO Roadshow today, and it is scheduled to implement online subscriptions on September 27, with no more than 263 million shares to be issued in Shanghai, with a total equity of no more than 2.2 billion shares after issuance. The investment projects include the establishment and acquisition of new securities outlets, increase the institutional coverage and market share level of brokerage business, enlarge the scale of investment banking business, enhance underwriting strength, promote the leap-forward development of investment banking business, carry out financing and credit margin business and other innovative business; Increase its net capital scale and so on.