Zhao, director of UBS Securities Investment Bank: guarding against malicious quotes

Zhao, managing director of UBS Securities Investment Banking, said 25th to guard against malicious quotes. He said that the issuance of new shares abroad, there is also a low newspaper shoplifting phenomenon. In the specific process of inquiry, overseas investors are generally low to buy, but there are many times the situation of low newspaper shoplifting. The object of inquiry in the specific quote, on the one hand, look at the company's situation, on the other hand, compared to the situation of the company. But it is now more diverse than the company, such as the financial sector, which has 3-3, 5 times times the net rate of the market, and only 1.5 times times the net rate of the bank.　　When the issue of a new bank shares, 1.5 times times the price of the inquiry, can not say that it is low price, if the final underwriters set the price of 3 times times, it is 3 times times the purchase, it is understandable. Zhao said it was important to guard against malicious quotes. For example, some institutions do not have their own research, see a study report to the price, and then hit a 50% discount, the study said 8, it reported 4. Also need to guard against "help-type quote", think is the government window guidance, the newspaper how much is useless, but because and the underwriting organization is more familiar with, is a favor, to quote a high price. (Shen Matingnan)