Xingye Securities, such as 5 new shares today's purchase guide to purchase small stocks

After the Mid-Autumn Festival, 5 new shares will be released today.　　There are Societe Generale securities, hang teeth forward two of the main board of Shanghai stock market and Hinur, Jia Lin Jie, most of the heavy industry three new and medium-sized boards IPO, its purchase funds just to Thursday is the last day before the September 30 thaw. New shares purchase "2+3" Industrial securities purchase price 10 Yuan, p/e 19.55 times times.　　The purchase code is "780377", the issue does not exceed 263 million shares, the single account requisitioning unit is 1000 shares integer times, the upper limit 210,000 shares. Hang tooth forward purchase price 8.29 Yuan, p/e 43.86 times times, the purchase code for "780177".　　Single account purchase unit for 1000 shares of the integer times, the purchase limit of 80,000 shares, issued no more than 101 million shares, the company's main gear transmission devices, large precision gears. The other 3 new shares belong to the SME board, respectively, is Hinur, the purchase code for 002485, Jia Lin Jie, the purchase code for 002489; Big Gold heavy work, the purchase code for 002487.　　Single account requisitioning units are 500 shares of the integer times. Hinur issue price 26.6 Yuan, p/e 48.36 times times, the purchase limit of 40,000 shares, the company's main high profile men. Jia Lin's issue price of 10.9 yuan, p/e 54.5 times times, the purchase limit of 40,000 shares, the company's main high-end knitted fabrics.　　Big gold heavy industry issue price 38.6 Yuan, p/e 50.79 times times, the purchase limit of 24,000 shares, the company's main power heavy equipment steel structure equipment. Industrial securities down the issue range is no doubt, industrial securities (Purchase code: 780377) will be one of the most concerned about a new equity. 210.4 million of its newly issued 263 million shares will be available for public distribution, and another 20% for the internet placement. Its distribution price range is set at 9-10 yuan/share, corresponding to the 17.59 times-fold P/E ratio-19.55 times times, which has been compared to the road when the underwriters proposed price reduction of 27%, the original expected price reached 10.6 yuan-13.8 yuan.　　When the investor online purchase, all will be in accordance with the price of 10 yuan per share of the purchase, if the final pricing is determined to be less than 10 yuan, the difference is to be returned, a single account online purchase maximum limit of 210,000 shares. Pricing is still not cheap Societe Generale securities issued after the total share capital of 2.2 billion shares, if the 10 yuan per share, the total market value of about 22 billion yuan, with the Yangtze River Securities, National Yuan Securities, Hongyuan securities closer. From the absolute price view, the current brokerage leading stocks CITIC Securities, Haitong Securities stock prices are only 10.92 yuan and 8.99 yuan, small and medium-sized securities brokerage stocks, the Pacific Securities also in 10-11-yuan range. From the issue of the price/earnings ratio, the 10-yuan price is 19.55 times times the price per cent (in total equity after the IPO), while the current dynamic P/E ratio of CITIC Securities and Haitong Securities is between 20 times and 21 times times, and the lowest macro-source securities is about 16.5 times times.　　From this point of view, even if the cut, the issue of industrial securities issued pricing is not cheap. Valuation of most institutionsLess than 10 yuan across the company's peers in the valuation, most of them are below 10 yuan. For example: CICC's industry researcher Wang Songba the Societe Generale Securities as a "proper, characterized by insufficient", assuming that this year's daily turnover of 1400.18 trillion yuan, the industrial securities valuation interval of 8 yuan-9.65 yuan, however, its initial listing of the actual circulation of capital small, it may enjoy a certain premium. Guotai analyst Static that the bright spot of Societe Generale Securities is mainly in the fund business, Societe Generale owns 51% stake in Societe Generale, South fund 10% Equity, as of this year, its management fund scale of about 30.2 billion yuan, Societe Generale in the first half of the year to achieve a net profit of 140 million yuan, the performance contribution rate of industrial securities reached 21%, static to the industrial securities of the two-level market positioning limit is 10 yuan.　　In more than 10 institutions, only Galaxy securities, Haitong Securities, Security Securities, Wanguo 4 to Societe Generale securities valuation limit of more than 10 yuan, but the highest is only 11.1 yuan. "New stock purchase Strategy" can be a priority for the purchase of new shares in the new stock online subscription, Wanguo analyst Liu Junwei recommended the priority order for the purchase: Big Gold heavy industry, hang teeth forward, Hinur, Jia Lin Jie, Societe Generale Securities. The main reason is that the next 3 months the market falls limited space, participation in the small and medium-sized new stock network placement risk is smaller, so it is recommended to focus on the selection of SME.　　Although the purchase rate of industrial securities will certainly be higher, but even escaped the "break", the return is very limited.　　Market analysis of recent weakness in new shares, 21st listed four of new stock gains are not small, Changbao shares only Rose 5.9%, Fuchun environmental protection only up 7.33%, from break distance, the highest increase in the newly built stake is only 18.92%. Zhongshan Securities Wuhan Business Department Liu Zhen that the recent market entry adjustment, the volume can be greatly shrunk, weak market shares in the issuance of the financial side of the negative impact is more obvious, the time may be extended market adjustment.　　However, these two large stock market price relatively reasonable, it is expected that the opening break is not likely, but the purchase income is also relatively limited.　　Changjiang Securities Huangbei Business Department Yuan Chao said, according to the current situation, the IPO will not break after listing. However, in the capital securities Hou Bo View, the current two-tier market is weak, funds into the first market to purchase a strong intention. The market is still the interval shock stage, the board and the Gem fell, and four quarter is the SME board and the lifting of the peak period, after the 5-share purchase will not appear differentiation trend, which does not exclude individual new shares have break possible.