Today (April 21), the three major indexes fell by more than 2%, the gem index continued to brush the new low of the year, and the Shanghai index also faced the test of 3000 points. The IPO market was also cold. Both N Zhongyi (Zhongyi Technology) and N Jiarong (Jiarong Technology) that landed on the gem broke today, falling 24.62% and 9.09% respectively by the end of the closing. CNOOC, which landed on the main board, rose and fell, narrowing its increase to 27.69%.
in the first signing, the loss exceeded 20000, and the new shares fell sharply on the first day
It is reported that Zhongyi technology is mainly engaged in all kinds of single and double-sided high-performance electrolytic copper foil products. Electrolytic copper foil is an important material for the manufacture of lithium-ion batteries, copper clad laminates and printed circuit boards, and its main customers are Contemporary Amperex Technology Co.Limited(300750) . The IPO price of the company is 163.56 yuan / share, and the issuance price earnings ratio is 91.57 times, which is far higher than the industry price earnings ratio of 39.7 times. Superimposed on the overall cold investment sentiment in the new share market recently, China first technology broke off at the opening, with a decline of nearly 24% on the first day. If calculated by 500 shares per lot, the loss of China first lot is 20100 yuan.
Similarly, Jiarong technology, which landed on GEM today, is mainly engaged in membrane separation equipment, high-performance membrane components and other products, which are mainly used for high concentration wastewater treatment and cleaner production. The issuing price of the company is 38.39 yuan / share, and the issuing price earnings ratio is 34.88 times, which is also 22.4 times higher than the industry price earnings ratio. Jiarong technology fell by 9% on the first day. If it is calculated by 500 shares in one lot, the loss in the first lot will reach 1745 yuan. However, CNOOC, which is listed on the main board today, showed a bright performance. Although it rose and fell in the intraday, it still had an increase of nearly 27.7% as of the closing. It can make a profit of nearly 1500 yuan by signing 500 shares.
CNOOC is China's largest producer of offshore crude oil and natural gas. It is reported that the "green shoe" mechanism was used to protect the stock price. Cinda Securities pointed out that with the support of this round of raised funds, the company's oil and gas development scale ushered in a new round of growth, and the company's value is expected to be further improved. On the other hand, unlike the "exploration and development refining retail" onshore integrated oil companies such as China Petroleum & Chemical Corporation(600028) and Petrochina Company Limited(601857) CNOOC is China's largest offshore upstream oil and gas production leader and the world's largest independent oil and gas exploration and production company. CNOOC's return to a this time has further enriched the stock types of A-share market and filled the gap in the pure upstream stock in the Chinese market.
new shares had a high breaking rate on the first day and strong risk aversion in the market
Since April, the breaking rate of new shares on the first day has remained high, and several stocks have fallen deeply. As of today's closing (April 21), there are 24 new shares listed this month, with 12 breaking stocks, with a breaking rate of nearly half. Among them, the breaking rate of new shares on GEM is nearly 33.3%, and that of new shares on science and innovation board is 80%. There were five stocks with a decline of more than 20%, including Puyuan Jingdian (- 34.7%), Weijie Chuangxin (- 36%), Haichuang Pharmaceutical (- 29.9%), anda intelligence (- 23.3%) and Zhongyi Technology (- 24.6%).
Huajin Securities pointed out that, first of all, in terms of new income, the recent breaking has become more common. Not only Haichuang pharmaceutical, Weijie Chuangxin and other loss making stocks continue to break sharply, but also the breaking has spread to the absolute issuance of new shares with relatively low P / E ratio and no large amount of over raised shares, such as Junxin and anda intelligence, highlighting the strong risk aversion in the current market, and the enthusiasm for new investment may be cooled again . For the investment opportunities of new shares, Huajin Securities believes that in the short term, the investment of new shares may still focus on looking for structural opportunities;
On the one hand, for newly listed new shares, due to the cold mood of new shares, frequent sharp breaks and some new shares with good fundamentals falling into the relative investment value range after opening, there may be a short rebound caused by event catalysis or emotional catalysis ;
On the other hand, although the near end new shares are in the premium range compared with the mass entrepreneurship and innovation sector as a whole, the average adjustment range has exceeded 40% from the high level, among which there are many popular stocks in high boom industries, under the background of loose monetary policy, the trading enthusiasm may recover temporarily .
