The money-making effect is back? None of the new stocks listed in May broke their hair, and the 10,000-dollar meat sign frequently appeared
2022-05-22 11:08:09Source: Financial Associated Press
Financial Associated Press, May 22 (Editor Zhang Yang) The rhythm of new stock issuance has slowed down and the pricing has become more rational. The market continues to fluctuate and rebound, and the profit-making effect of new shares in May has returned.
After hitting a stage low of 2863 points on April 27, the Shanghai Stock Exchange started a continuous rebound. As of the close of May 20, the Shanghai Index returned to above 3100 points. Compared with the lowest point on April 27, the rebound rate was more than 9%. It is worth mentioning that in the process of the index rebound, the market sentiment has also recovered significantly, especially the new stocks that are the indicator of sentiment, the listing in May showed a strong profit-making effect as a whole.
According to the statistics of the Financial Associated Press, a total of 10 new shares have been listed since May, and none of them have broken. Based on the highest price after the listing, compared with the initial price, the highest profit of 6 new shares exceeded 10,000 yuan. Among them, Jiahuan Technology , Prius, and Zhongke Jiangnan have the highest single-signal profit of more than 15,000 yuan.
The recovery of the profit-making effect of the IPO market is not unrelated to the fact that the pricing of IPOs tends to be rational. From the perspective of price, the highest issue price of new shares listed in May did not exceed 50 yuan, of which 7 new shares were issued with an issue price of less than 20 yuan, and the highest issue price was 46.8 yuan from Prius.
In addition, in terms of issuance P/E ratios, the P/E ratios of new stocks listed in May are similar to the industry average P/E ratios, and the P/E ratios of these 10 new stocks are all lower than the industry average P/E ratios, which are different from those of new stocks issued in the past that significantly exceed the industry P/E ratios. This phenomenon has been significantly improved.
Dongguan Securities pointed out that the issuance price-earnings ratio is a key reference indicator, which has reference significance for the performance of new shares on the first day of listing. Investors need to focus on the sector to which the issuing company belongs, the issue price and whether it is profitable, especially companies on the Science and Technology Innovation Board. Unprofitable businesses also need attention. Issuance price-earnings ratio has reference significance.
The new stock market is picking up, is it time to “brainless” to start new? In the eyes of market participants, this view is still debatable. With the steady progress of the comprehensive registration system, new shares will still maintain a normal issuance rhythm, and the impact of new shares will also be affected by many factors such as the fundamentals of individual stocks and the overall market environment. The recent rebound in the IPO market does not mean that the phenomenon of IPO breakouts has “disappeared”.
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