Fried for 130 million of new shares passion rekindle the agency is floating surplus

Hiu Ching

the past six months of the short silence, the first day of the IPO stir again making a comeback. February 16th, four stocks, including Dongfeng shares of Shanghai Stock Exchange Main Board and GEM IPO Leadman, Rongke, Langma information fiery debut. Compared with the IPO price, the listing of the first day of the average increase then 50% up to 47.05%.

Among them, the performance of the most eye-catching Langma highest intraday rise nearly 90% of the Mogao to 42.37 yuan. As of Zhong Pan, the increase is still as high as 82.53%, to close at 40.96 yuan.

In addition, three new shares of the rest of the Dongfeng shares, Leadman, Rongke respectively 20.98%, 27.00%, 57.70% increase, respectively, to close at 15.97 yuan, 16.51 yuan and 17.52 yuan. beneficial alliance instead after-hours statistics show, the same day, four new shares opt to enter the first few of the Shanghai and Shenzhen stock funds into the list of total net inflows of 681 million yuan. Among them, topped the list of Langma information throughout the day net inflow of capital of 254 million yuan, Dongfeng shares, Leadman, Rongke also a net inflow of capital of 154 million yuan, 193 million yuan, 080 million yuan.

despite institutions to play new heat to be low tide, but some persist in playing the new institution, the day of the four new shares soar opt spectacular could not help but let them secretly delighted. Only listed on the first day of trading, had the honor of the four new 26 placing the object to be allocated will earn the floating surplus total of 129.3443 million yuan. Department of

Bauhinia Chengdayingjia

the Shenzhen Stock Exchange after-hours trading information day blitz of new shares of the funds is still hot money speculation-based. Langma information, including the main funds are not coming out of institutional funds.

However, the sedan chair of hot money institutions Langma Information Network allocated overjoyed. Especially Bauhinia Departments two funds is to become the big winner.

information Langma Information Network allotment list, only four of placing the object to be allocated, the Department of Bauhinia scored twice. Bauhinia Hung Lee, Income Fund, Choice of BAUHINIA resources each allocated 67 million shares. If the days closing price on the first day of the two fund floating profit they reached 24.8168 million yuan.

Everbright Sunshine assembled income a collective asset management plan and the Post Core Growth Fund also each allocated 67 million shares.

the reporter noted, 26 placing the object to be allocated, the own account of the Bohai Securities and the Guolian security confidence gain bonds were with two new shares, respectively, Dongfeng shares Technology Rongke and the Dongfeng shares Leadman, each allocated 155.5555 million shares, 1.13 million shares and 59.9999 shares, 128 million shares.

As of the date of closing, these two funds floating surplus of 4.3089 million yuan, 724.33 million and 166.20 million, 449.28 million.

survey found that, from the allocated under the net point of view, Bohai Securities proprietary account appears to have become this years dozen new specialized households. Since the beginning of this year, in addition to the day of listing of Dongfeng shares and Rongke, the account allocated Yangzi new material, Anke Rui, Jiangnan Jiajie, respectively, allocated 133 million shares, 42 million, 141.7721 million shares.

It is worth mentioning is that the 5 network under Leadman placing the object, the two social security funds coming out of them, were five hundred and one combination of four hundred and two combination of the National Social Security Fund and National Social Security Fund, each allocated 128 million shares.

on the date of the overall floating surplus, total 4 Placing objects Langma information floating profit of 49.6336 million yuan. In addition, Dongfeng shares, Leadman Technology Rongke three new shares that day floating earnings were also up to 31,024,000 yuan, 26,956,800 yuan and 21.7299 million yuan.

In addition, the view from the network of institutions under the purchase rate of return Langma information up to 9.51% top, Rong Branch technology second, to 4.88 percent. Leadman and Dongfeng shares were 4.34 percent and 3.88 percent.

agency valuations to differ materially from

is worth mentioning that, relative to four new shares on the first day hot performance, given in the pre-IPO valuation of brokerage research institutions is very different. Langma information such as the day or topped, Prior to that, in the valuation range is given eight brokerage research institutions, Everbright Securities gives 39.00 yuan -45.50 valuation space.

Everbright Securities analyst Zhou Lai Him, the company plans to raise funds of about 235 million yuan, mainly for the phone to the development of new business to touch products, multi-platform development as well as Langma network. The report said the company in the mobile Internet business model innovation will be key to future growth. Everbright Securities ,2011-2013 net profit compound growth rate of 47.9%.

At the same time, the valuation space is given by the Century Securities as low as $ 19.50 yuan -23.40. The reason is that the main business voice value-added services for the communications industry, the comprehensive reference of communications listed companies on GEM communications industry valuations, combined with the companys fundamentals and future prospects for the development, its reasonable valuation range should is 25-30 times forecast earnings per share of 0.78 yuan, according to 2011, corresponding to the target price range of 19.50 yuan -23.40.

Similarly, the institutions for the valuation range of Dongfeng shares also related to the poor. The valuation of such securities Shun Guan Zihao Dongfeng shares given space to 19.40 yuan -29.10.

its comparable listed companies in the same industry is strong and Ka shares and Shaanxi gold leaf. The current PE of 17.91 times and 44.03 times. As of February 15, 2012, the average price-earnings ratio of 30.97 times. Guan Zihao Dongfeng shares than the more obvious advantages of the above companies. Taking into account the companys industries in which the reference to the valuation of the above comparable listed companies, given the companys 2012 forecast EPS20-30 times PE, corresponding to the Corporation, after reasonable range of values ​​of 19.4 yuan -29.1.

contrast, Huatai Securities, gives only 12.61 yuan -14.55 valuation space.