Research conclusion
This week (from January 17 to January 21), the overall performance of the Beijing stock exchange was strong: 61 companies rose and only 18 companies fell; The total turnover of the week reached 14.269 billion, an increase of 6.482 billion compared with last week; The overall median price earnings ratio (TTM) was 29.31 times, up from last week, and the median price to book ratio was 3.15 times, up from last week.
In terms of the share price performance of industries and individual stocks, the software, compound public utilities, Internet software and service industries performed strongly, with the median increase of individual stocks in the industry being 34.57%, 19.83% and 16.09% respectively; The performance of metal, non-metal and mining, medical and health care equipment and supplies and pharmaceutical industries was weak, and the median increase of individual stocks in the industry were – 2.35%, – 2.29% and – 0.81% respectively. In terms of individual stocks, the top gainers were Hujiang materials (870204. BJ), digital people (835670. BJ) and Zhisheng information (832171. BJ), while the top gainers were Gaishi food (836826. BJ), Datang Pharmaceutical (836433. BJ) and beiteri (835185. BJ).
In terms of industry valuation, the industries with the highest price earnings ratio are software, composite utilities, aerospace and national defense, electronic equipment, instruments and components, and the price earnings ratio (TTM) is 77.04, 61.06, 55.28 and 49.19 times respectively; The industries with the highest price to book ratio valuation are biotechnology, software, electrical equipment, aerospace and national defense, with price to book ratios of 14.03, 9.82, 5.68 and 5.53 times respectively. The P / E ratios of gas, commercial services and supplies and biotechnology industries are low, 18.29, 17.66 and – 6.55 times respectively. The P / E ratios of auto parts, Internet software and services and commercial services and supplies industries are low, 2.23, 2.21 and 1.93 times respectively.
Tracking of important announcements of listed companies on the Beijing stock exchange:
(1) fixed increase. No company issued a fixed increase plan this week;
(2) increase or decrease of holdings. No company issued an announcement of planned increase of holdings this week;
(3) institutional research. This week, Jinhao medical (872925. BJ) and Yongshun Biology (839729. BJ) accepted institutional research;
(4) performance: this week, Fengguang precision (430510. BJ) and jingsai Technology (871981. BJ) released performance forecasts. The predicted net profits were 48-51 million and 60-68 million respectively, with an increase of about 43.62% – 53.60% and 92.48% – 118.15% respectively.
In terms of IPO: one company was newly listed this week: (1) Hujiang materials (870204. BJ), with an issue price of 18.68 yuan and an issue price earnings ratio of 19.18 times. It belongs to the rubber and plastic products industry under the industry classification of the CSRC, with an industry PE of 27.86 times. Its main business is all kinds of food grade flexible packaging bags (films), all kinds of liquid bags above 250L, industrial aluminum-plastic composite heavy packaging bags (films) Cecep Solar Energy Co.Ltd(000591) PE film for photovoltaic backplane, thermal insulation materials for construction and industry.
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
