The Lifting Of The Ban Is Postponed By &Nbsp; The Growth Enterprise Board Grasps The Main Line Of Performance Growth.
Since the end of 12 last year, the gem has entered a deep adjustment, until yesterday, from the market performance, there is no sign of temporary stability. Gem The deep adjustment has released the risk of high valuation to a certain extent. In the face of the disclosure of the annual report, we think we need to grasp the substantial growth of the growth enterprise board and the opportunities for the stocks with high expectations.
The pressure of lifting the ban in January has little effect.
A key factor affecting the growth of the growth enterprise market in January is its
Lift a ban
Pressure.
In 2010, a total of 1 billion 637 million shares of gem began to circulate after the lifting of the ban, and the market value exceeded 50 billion yuan.
Enter 2011
Gem
There will be 2 billion 429 million shares of the lifting of the ban, according to the current market price, the lifting of the market value of more than 100 billion yuan.
However, unlike the situation of centralized release of the lifting of the ban shares in November 2010, the relative pressure of the release of the gem was relatively uniform in 2011, and the number of shares lifted in January was slightly higher than that in other months.
According to the statistics of the weather system, there are 2 billion 429 million shares in the gem in 2011. According to the closing price in January 4, 2011, the market value is as high as 117 billion 704 million yuan.
Beginning in January 10, 2011, the market will usher in Meteno (300038, stock bar), Shanghai Kai Bao (300039, stock bar), Jiuzhou electric (300040, stock bar), Hui Tian glue industry (300041, stock bar) and Netac Technology (300042, stock bar) the lifting of the original stock.
After January 14th, January 20th, January 21st and January 27th, there will be four batch of gem restricted shares to be lifted.
From the bulk trading data released by the Shenzhen Stock Exchange, there is a strong desire to ban shareholders' cash.
The reduction of the first batch of GEM companies is still continuing. The second batch of initial shares listed on the gem were lifted after the lifting of the ban in December 27th last year.
However, the peak of the lifting of the ban in January is less affected by the number of absolute shares, and has been repeatedly lifted and further expanded.
At the same time, historical experience shows that lifting the ban has never been the key factor determining the medium-term operation of the A share market.
In addition, before the annual report is disclosed, substantial growth in performance and high turnover expectations will drive the trend of related stocks.
Concerned about the outstanding performance of the annual report
Whether the growth enterprise market can go out of the market depends on the support of funds and the promotion of volume.
However, the market liquidity is still tight. Although the central bank has the possibility of lowering the deposit reserve rate after the two increase in interest rates, liquidity has not yet been effectively improved until the central bank has taken any action.
However, the disclosure of annual reports is about to take off. More and more companies are offering a warm-up notice to provide more impetus for the market.
At present, only 29 companies, less than 20%, have announced the 2010 performance notice, so we can not judge the overall profitability of gem in 2010.
However, judging from the company that has already announced performance, the annual growth of 9 annual report is basically consistent with the expectation of investors for the growth of gem.
The company with the biggest increase in the company's performance is sunflower (300111, stock bar) and Xinghe (300143, stock bar).
Sunflower expects net profit growth of 2010 over the same period in the year of 94%~142%, mainly benefiting from the increase of capacity utilization and the increase of the market share of the products. While the Xinghe bio industry is expected to have an increase of 97%~121% in the 2010 year over the same period, due to the boom in production and marketing and the reasonable control of the cost rate.
In addition, Watson biological (300142, stock bar), Dongfang Risheng (300118, stock bar), Shuang Lin share (300100, stock bar), Shanghai Kai Bao and Hui Chuan Technology (300124, stock bar) and other companies' net profit year-on-year growth is also more significant.
But Netac technology, Baoxing stock (300023, stock bar) and Nandu power (300068, stock bar) three companies predict annual performance reduction.
Judging from the current announcement of the annual report of GEM companies, the increase is not as large as that of the main board and small and medium-sized board companies. This is closely related to the nature of the GEM companies and is not worth worrying too much. We need to focus more on companies with outstanding growth performance and see whether they are sustainable. Because in the long run, performance is the most important factor determining the performance of stock prices. In addition, we can also pay attention to the phased market brought by high delivery.
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