Research conclusion
This week (from May 16 to May 20), the overall market of Beijing stock exchange continued to pick up, with 49 companies rising and 38 companies falling; The total turnover of the week was 2.691 billion, up 39 million from last week; The overall median price earnings ratio (TTM) was 20.60 times, up from last week, and the median price to book ratio was 1.94 times, down from last week.
In terms of share price performance of industries and individual stocks, the top three industries in the rise of the Beijing stock exchange this week were aerospace and national defense, pharmaceutical and electrical equipment, with a median decline of 3.25%, 1.71% and 1.47% respectively. The top three industries in the decline were composite utilities, semiconductor products and semiconductor equipment and gas, with a median decline of – 4.60%, 3.35% and – 2.99% respectively.
In terms of individual stocks, the top five gainers were biological Valley (833266. BJ), Tongxiang Technology (839167. BJ), Xingchen Technology (832885. BJ), Haixi communication (831305. BJ) and Keda automatic control (831832. BJ), up 20.48%, 13.24%, 11.48%, 10.76% and 10.63% respectively. Among them, the biological valley with the largest increase has soared with the concept of stephanine. The company has stephanine tablet products, whose main function is to clear away heat and cool blood, which is used to treat leukopenia caused by radiotherapy and chemotherapy in tumor patients.
The top five declines were Kechuang Xincai (833580. BJ), Dayu Biology (871970. BJ), senxuan medicine (830946. BJ), Qifeng Seiko (873169. BJ) and Tongyi Aerospace (871642. BJ), down – 40.43%, – 15.49%, – 12.22%, – 7.06% and – 4.09% respectively. Among them, the science and innovation materials with the largest decline were the new shares with the largest increase last week.
In terms of industry valuation, the overall P / E ratio of Beijing stock exchange continued to rise this week. At present, the industries with the highest P / E ratio valuation are composite utilities, software, medical and health care equipment and supplies, and the P / E ratios (TTM) are 63.09, 57.28 and 33.42 times respectively; The industries with the highest price to book ratio valuation are biotechnology, software, aerospace and national defense, with price to book ratios of 8.73, 4.32 and 3.19 times respectively. The P / E ratios of gas, chemical and biotechnology industries are low, 12.88, 12.60 and 0.55 times respectively. The P / b ratios of chemical, commercial services and supplies and Internet software and services are low, 1.34, 1.23 and 1.22 times respectively.
In terms of IPO, a total of one company was listed this week, Dayu Biology (871970. BJ): the issue price is 10.00 yuan / share, and the issue price earnings ratio is 20.37 times. It belongs to the food manufacturing industry of the CSRC, and the PE of the industry is 36.51 times. Its main business is the R & D, production, sales and service of mixed feed additives, additive premixed feed and single feed.
Follow up of important announcements of listed companies of Beijing stock exchange: (1) institutional research. This week, beiteri (835185. BJ) won the research of 6 institutions in the form of on-site meeting; Beiteri (835185. BJ) was investigated by 6 institutions in the form of on-site meeting; Jingsai Technology (871981. BJ) was investigated by one organization in the form of on-site meeting.
Risk tips
I. a major shift has taken place in the policy of the Beijing stock exchange
II. The listed companies of the Beijing stock exchange have the risk of financial irregularities
