Gem Index Continues To Rise, Beating The Faces Of Empty Bearer

In fact, if this strategy is applied to the gem, it will be more obvious.

Looking back on the trend of the gem in recent two years, it is basically not optimistic by the market. However, amid doubts, the gem has hit a record high and has broken through the 1750 point.

For gem, more comments say that its seriously overvalued fundamentals simply can not support its price. However, as the gem index continues to rise, it has repeatedly beaten the bearer's face. And those who stick to their positions often get a high rate of return on investment.

For now, although the gem index has reached a record high, its average price earnings ratio is 70.41 times, and its corresponding total market value has reached 2 trillion and 440 billion, which is equivalent to 1/15 of the total market value of the main board. So what are the factors that support sustained growth in the face of the strange gem?

With data statistics, the overall growth rate of gem in 2014 has been speeded up. Among them, according to the agency speculation, the growth rate of gem in 2014 is expected to increase to 27.4%, a certain increase compared with 2013. From the results of the listed companies listed on GEM, 275 of the 412 GEM companies showed signs of good performance, accounting for nearly 70% of the total number. What is worth mentioning is that in the listed companies whose performance is good news, there are more than 36 listed companies showing a trend of over 100% performance growth. The situation is very good.

In contrast, the growth rate of the main board market last year was slightly less. Among them, its annual profit growth rate will also be lower than the same period in 2013.

Performance growth is obviously the direct motivation for the growth of gem. However, behind the substantial growth of its performance, it is a vigorous phenomenon of mergers and acquisitions.

Actually, in gem. Listed company Behind the scale of mergers and acquisitions, there are already new regulations to promote.

In May 2014, the gem refinancing new regulations came out. Among them, the revised method not only relaxes the financial conditions of refinancing of GEM companies, but also introduces innovative mechanisms such as "small and fast" to reduce administrative thresholds. Obviously, this move to a certain extent promoted the process of mergers and acquisitions of gem, and created favorable conditions for speeding up M & A and enhancing the operation efficiency of enterprises.

The author Guo Shiliang believes that improving fundamentals is a direct driving force for the gem to take the bull. However, at the same time, as the "national team" social security fund, the growth of the gem and other varieties has accelerated the pace of growth.

Looking at the current round of rising prices, there is an obvious differentiation trend between the main board market and the growth enterprise market. In other words, when the main board market showed a noticeable upward trend, it was led by the gem. Medium and small capitalization The performance of the species is slightly inferior. However, when the trend of the main board market is relatively stagnant, the growth of gem and other varieties has seen a significant upward trend. Therefore, the seesaw effect also indicates the serious division of the market.

Despite the current blue chip market in the main board market, some big funds have shown signs of diversion, but for most of the big money, they are still deeply involved, which also laid the foundation for the continued growth of the gem.

It can be seen that before large funds have yet to be transferred in large scale, the possibility of a sharp decline in the growth enterprise market is unlikely. At the same time, from the current operation trend of gem, the overall performance is still good, and the upward trend is still healthy.

It is worth mentioning that since the establishment of the gem, it has been nearly 6 years. But from the specific data, we have created thousands of billionaires for China since the start of the growth enterprise market. However, in the list of many billionaires, it includes not only executives of listed companies, but also movie stars, social celebrities and so on.

However, in Gem While creating wealth, its counterfeiting effect is quite obvious. However, since its inception, the listed companies that have been fraudulent have not seen a company that can be delisted. It can be imagined that under the environment of extremely low cost in violation of regulations, we really create huge wealth for some stakeholders. When the interests of those who are carrying huge wealth fled, they also deeply hurt the vital interests of small and medium-sized investors.

However, the gem has encountered persistent speculation is an unavoidable fact. With the continued growth of the high valuation of gem, its bizarre nature is becoming more and more obvious.

So, how far can the strange growth enterprise market go? I believe that for now, although the high valuation pressure of the gem is a huge obstacle, it can not be easily stated. Obviously, for the strange gem, it can only make it continue to be weird.