Fund net Masukura 63 results expected stock (table)

The fourth quarter of fund performance does not match the expected stock increased to lighten up

our reporter Shen Peng

recent A-share listed companies began to disclose the Annual Report Performance newsletter, part of the performance of the company than the market had expected, according to the statistics have been disclosed in 2011 the funds holdings report, Fund of 2011 fourth quarter results expected the companys overall performance net Masukura. Annual Report on the 63 stocks in

-than-expected performance

investors for the performance of listed companies is expected to mainly come from the two listed companies forecast made in a financial report, brokerage analysts predict the profitability of listed companies to make. Compare the latest results of Letters with the two predictions, so far, a total of 63 listed companies in cities of 2011 results exceeded market expectations. , The performance of listed companies forecast to significantly increase the company a total of 32 performance Express was significantly higher than the broker consensus forecasts 31.

stocks in terms of the 2011 results compared with the end of the third quarter, the predictive value of the company has substantially increased Winbond pharmaceutical, Hans Laser, one bridge fry; results significantly higher than the broker consensus forecasts of Buddhism plastic technology, CITIC Securities (Confucius News), coal energy. from the dynamic point of view of the results expected, the fourth quarter non-recurring gains and losses become one of the reasons the results were revised up sharply. Winbond pharmaceutical performance rate of upward revision of 60 percent, the company announced that the January 18 performance prediction correction is expected from January to December 2011, net profit growth of 70% -100% over the same period last year, in three quarterly, the company had forecast 2011 net profit growth of 10% -40%. The results of a substantial "face" the main reason is that the fourth quarter of the merger of a subsidiary, the subsidiarys profits did not take into account the three-quarter forecast. Meanwhile, the rate of upward revision of Hans Laser performance is also up to 60%, because the transfer of four-quarter non-recurring gains and losses caused by the shares of the company equity. Buddha plastic technology is the same premium for sale of equity shares of the company net profit increased substantially, its 2011 earnings per share of 0.82 yuan, 0.31 yuan greatly exceeded the brokerage forecast.

compared to the unexpected growth of non-recurring gains and losses, sales revenue can be considered more attractive. Ankai results of Letters, the companys 2011 net profit of 96.96 million yuan, an increase of 32.21% over the same period last year, mainly companies due to the increase in sales revenue. This calculation, the the Ankai earnings per share of 0.3011 yuan, compared with the broker is given the consensus expected 0.25 yuan higher than 18.86%.

fund transfer positions than-expected shares of well-being of different The 2011 annual report

released from the fund part of the fund is to seize These results are significantly better than market expectations of companies. According to rough statistics, the Fund in the fourth quarter of the 63 performance-than-expected companys overall operational direction is overweight, a net increase of holding a total of 1726.8485 million shares. 32 results raised the company, the end of the fourth quarter, funds are heavy owned 11 companies with a total float of 1.1822 million shares, there are four in the fourth quarter are overweight by the reduction of 4 home, unchanged in three. The general direction of holdings, a net increase holding number of 732.9217 million shares, holdings accounted for 6.19% of the ownership of the total. A net increase of holding the largest Yonghui Supermarket, Bo, when the Department of the two funds total holdings of 1260.84 million shares, Shen Ling letter (Confucius News) Tim Yibao fund holdings of 0.18 million, a net increase of holding 1260.6698 million shares. Xing Rong investment results raised the company was underweight in the largest, the The Xingquan organic growth in holdings of 600.02 million shares. brokerage companies expected

31 performance beyond the end of the fourth quarter the Fund Shigekura held 17, the aggregate shareholding of 8.1712 million shares, of which four quarterly holdings of 11 holdings of three and another three The house has not changed. The general direction for the overweight, a net increase of retention capacity of 993.93 million shares. Stocks in the holdings of the larger Yangtze Power and Liaoning Fushun, were awarded the holdings of 351.084 million shares and 275.0661 million shares, the performance of the two companies in 2011 were beyond the broker consensus estimates of 11.50% and 13.19%.

earnings per share of 1.23 yuan significantly exceed consensus forecasts of 0.80 yuan, CITIC Securities, the fourth quarter had been subjected to fund large-scale holdings, net holdings amounted to 678.3231 million shares, representing 1.85% of the total positions in the end of the fourth quarter. 27 fund holdings in the fourth quarter of CITIC Securities, in which reduction of a large amount of fund the Yinhua Dow Jones 88 selection and the Southern Long Yuan industrial theme, the holdings of 730 million shares and 500 million shares; otherwise 22 fund holdings, holdings of a large amount of Changsheng (421.93 million shares) and Hua of card 180ETF (418.20 million).

In contrast, performance was significantly lower than expected company have been fund holdings in the fourth quarter, statistics show that 52 results were significantly lower than the broker consensus forecasts of the company, in the fourth quarter was 8.095 million fund net reduction shares. From this comparison, the Funds operations are very sensitive to changes in the performance of the company.

However, from the 2012 market performance, the 63 companies since the beginning of the year the average increase of 4.28 percent, 1.39 percentage points lower than the same period the Shanghai index rose. Analysts pointed out that the most recent period, the main funding preference oversold and undervalued value stocks, and some of the results expected is not due to long-term factors, so these two stock market share price ultimately failed as a whole outperform.

earnings forecasts raised fourth quarter the Fund increased to lighten up Stock CodeNamePerformanceNotice of the net profit of the largest changes in amplitude (%)Notice of the date ofThe end of the fourth quarter of the funds holdings (shares)The fourth quarter of fund ownership change (million shares)The number of holdings at home601 933Yonghui SupermarketPre-growth50.002012-1-193742.531260.678002 004Winbond pharmaceuticalPre-growth100.002012-1-18744.3774.764002 036Should Section TechnologyPre-growth100.002012-1-10627.969.99A600 812North China PharmaceuticalSlightly reduced-50.002012-1-314297.858.63A002 240Weihua sharesPre-reduction-75.002012-2-3108.630.00A002 447One bridge vaccine industryPre-growth60.002012-1-1992.250.00A002 251BackgammonPre-growth55.002012-1-1949.800.00A002 358Senyuan electricalPre-growth100.002012-1-141278.16-1.044000 669Leading science and technologyLosses104.022012-1-31450.00-10.00A002 008Hans LaserPre-growth70.002011-12-3130.03-10.07A000 598Xing Rong investmentPre-growth159.002012-1-11400.79-600.02A

performance different from the consensus estimates of stock in the fourth quarter the Fund increased to lighten up CodeName2011 results for Express earnings per share (yuan)Than-expected rateThe end of the fourth quarter, the funds holdings (shares)The fourth quarter the Fund Masukura (million)The fourth quarter of fund holdings Number600 030CITIC Securities1.23053.75%36571.309-678.3252600 546Mountain Coal International1.50023.97%2736.07092.167000 623Liaoning Fushun2.97013.19%4525.587275.077600 900Yangtze Power0.46811.50%10594.129351.0811002 589Ruikang medicine1.02410.90%670.23659.444300 179Quartet of0.4905.38%236.86769.99A601 818Everbright Bank (Confucius News)0.4504.65%4073.4250.00A600 750Jiang Chinese medicine0.7204.05%4708.78335.6315000 776GF Securities (Confucius News)0.7804.00%4873.58083.0612002 318Long established special materials0.5703.64%1.0000.00A600 436Pien Tze Huang1.8103.63%559.827-37.0312600 592Longxi shares0.3571.91%1055.01074.98A002 572Sofia1.3101.71%405.59224.035002 320Strait of shares0.6300.40%623.7660.002000 550Jiangling Motors2.1700.00%2778.20550.916600 019Baoshan Iron & Steel0.4200.00%2864.468-54.345601 688Huatai Securities0.3200.00%4434.432647.28A002 376The new Northern0.550-1.79%839.91664.565601 311Camel shares0.820-4.65%80.0000.002000 728Guoyuan Securities0.290-5.91%2.6000.00A600 837Hai Tong Securities (Confucius News)0.380-9.52%32835.9221718.5828601 555Soochow Securities0.150-10.00%7029.5880.0034300 198Nachuan shares0.574-10.31%294.8980.003601 788Everbright Securities0.458-10.74%0.1600.00A601 008Lianyungang0.220-12.00%118.0700.00A002414High Germany infrared0.340-14.29%140.4680.003002 082Pillars of the new material0.670-18.29%0.0090.00A000 562Hong Yuan Securities0.440-23.70%406.000-272.783002 101Guangdong Hung0.540-23.94%53.1370.00A002 168Shenzhen Hui Cheng0.113-26.84%80.0000.00A000 783Changjiang Securities (Confucius News)0.190-26.92%1116.654-62.364300 178Tempus International0.510-29.49%125.7060.00A600 101Star power0.680-47.29%865.893-10.012600 252Constant Group0.366-51.42%11498.959-2247.49