Five Fund overweight gamble * ST Jinma two years, not even a research

for each

by the reporter Li Xinjiang from Beijing

side management intends to take drastic measures to promote the perfection of the delisting system, on the other side, the fund from the impulse of the ST segment Denver has never faded.

recently * ST, Kinmen and Matsu publish annual reports, 2011 operating income of 5.082 billion yuan, attributable to shareholders of listed companies net profit of 476 million yuan, to achieve profitability, Reaching for the Stars hat, a growing need. Five funds in the mutual fund companies during the fourth quarter of last year, the Chamber, Xinhua and Castrol have also overweight.

However, the "Daily Economic News" reporter found that the first two years are not an institutional investors to the * ST the Jinma field research, what is the criterion of the fund managers picking? Recent ST Dragon stocks burst risk, raised funds to gamble ST shares, "Denver" or "dig mine"?

fund gamble stardom hat gradually improved

A-share increase of the shell resource and delisting system, indicating that the future is only a small number of ST shares by improving fundamentals "Reaching for the Stars hat, which bears a high return on investment, but also indicates that the layout more and more difficult. With the disclosure of the 2011 Annual Report, the 2010 loss of 26.84 million yuan * ST Jinma seek stardom hat the effort seems to have looks. 2011 operating income of 5.082 billion yuan, down 10.34 percent compared with 2010, attributable to listed company shareholders a net profit of 476 million yuan, to achieve profitability, basic earnings per share for 0.9435 loss per share of 0.18 yuan in 2010.

its annual report also shows that the 2011 annual profits available for distribution to 1.37028 billion yuan, of which the parent company of undistributed profits of 234.13 million yuan. In view of the companys major asset restructuring just completed, the main business of significant changes in subsequent development requires a lot of money, the year 2011 the company intends to profit distribution does not reserve capitalization. there is only raised funds in its annual report, the surface at the same time the Joining jiacang layout. The end of the fourth quarter of last year, the Chamber leader holds 885.98 million shares, holdings of 580.17 million shares during the sitting of the largest holders of tradable shares; Xinhua preferred holdings of 183.8 million shares, currently holding 765.55 million shares; Harvest theme of a new driving force holdings of 118.22 million shares, holding a total of 324.06 million shares; Xinhua Pan coastal holdings of 17.78 million shares, holding 143.22 million shares.

same period Invesco Great Wall Domestic Demand Growth II number of new entrants to the ranks of the top ten tradable shareholders holding a total of 173.48 million shares. In fact, throughout the second half of last year, the common equity fund has holdings in the overall.

* ST, Kinmen and Matsu last year just completed a major restructuring. Shandong Luneng Group Under the program, the company issued the meanders coal of 354 million shares for the acquisition of Luneng Group held 70% equity, the meanders power generation 60% equity and wangqu generating 75 percent stake, at the same time, * ST, Kinmen and Matsu loss aluminum divestiture Luneng Group. after

main business change for the coal joint venture, thanks to the improvement of the operating surface, and the Shenzhen Stock Exchange * ST, Kinmen and Matsu intends to apply for revocation of the stock exchange delisting risk warning. shareholding

Fund is actually no research

industry fund analysts believe, * ST, Kinmen and Matsu is currently on the market one of the few high-priced one of the ST shares, purely from the point of view the layout of the secondary market, there are still some transactions risk.

"Daily Economic News" reporter noted that based organizations raised funds in the secondary market, large-scale layout, but the year 2011 and not an institution has to go to research. According to the research situation disclosed in the annual report of the companys investors last year, only some individual investors had call up the progress in the restructuring.

reporter also noted that even as early as 2010 before the agencies layout, there is no sector participation in field research.

reporters interview yesterday related fund companies understand, fund holdings or holdings may also be based on brokerage research reports, and rely on public data and information on the market. However, due to the investment risk of ST segment earnings than the market on the other "ordinary" shares, the operation of ideas are still people in the industry questioned. Moreover in the past two years, the annual report, * ST, Kinmen and Matsu annual report the research records of the brokerage.

in recent years, the public fund investment ST plate step on mine thing happened quite frequently, ST Dragon is a typical case. Joint credit before ST Dragons long-term credit rating from "BB +" lowered to "CCC", and "11 Dragon CP01s credit rating down from" B "to" C ", the first only in the past five years," junk debt. "

the ST Dragon suspension from last August, the Minsheng domestic demand growth to hold the stock of 200 million shares, current market value of $ 964 million, accounting for 1.68% of the Funds current net asset value. For

addition, according to the annual reports of listed companies, ICBC Credit Suisse (Confucius News) last layout * ST Jiantong, small cap growth in its core values ​​and ICBC Credit Suisse points to 619 million shares and 145 million shares of new company and ninth largest holders of tradable shares, while stock last year only because of financial subsidies was lucky enough to delisting; selection of Fortis, the sea of ​​the fourth quarter last year to 600 million shares coming into ST source of tradable shares.

"Daily Economic News" reporter statistics found that many of the ST shares are still raised funds research in the field blind. With the turmoil of the mines shares frequently against fund the soft underbelly of a fund in Beijing yesterday when studying people of respondents believe that fund companies should be cautious about the potential risks of positions ST stocks.