跌破净资产)（Fall below net assets）

跌破净资产)（Fall below net assets） 跌破净资产)(Fall below net assets) Market in innovation low, 195 stocks fell below net assets Www.stockstar.com 2005-5-24 7:55:23 Securities Star Zheng Liping Rebound! Rebound again! Institutions 9 consecutive holdings of 1 shares outbreak! To win the gold and silver stocks Dengfeng [font: large, medium and small] subscribe, subscribe to RSS, share print [user comment 0] [mobile phone can see] Securities Star May 24th, according to the first financial daily: Shanghai index yesterday (23) closing new six years low, the two cities stock index fell trend, a total of 195 shares fell below net assets, accounting for 14.32% of 1362 stocks. China Securities analyst Feng Lei believes that the Shanghai and Shenzhen stock market structural adjustment will continue, whether the market rose or fell. Statistics show that two cities discount rate of more than 20% of the stock of 52, more than 30% of the total of 15, of which the highest discount rate of FAW four ring (600742) share price has been lower than 2004, net assets per share of more than 50%. "As the Shanghai Composite Index fell again, a number of poor quality stocks accelerated and fell below net assets, indicating that the market was more consistent with expectations of performance shares." Feng Lei expresses. The structural adjustment of the Shanghai and Shenzhen stock market share price since the value of the investment philosophy had begun to sprout, this is the irrational market speculation, the concept first, "Zhuang dance group" pattern completely corrected, today, this structural adjustment is gradually deep. Wealth Securities researcher Tian Dongwei analysis, the stock price structural adjustment has its inherent power, but also external stimulus. The market tends to be standard, rational and mature. Although the functions of the stock market are difficult to fully display in the extremely low tide, the choice of investment varieties has become consistent. Blue chip, growth and good listed companies can attract more funds, poor performance, lack of integrity of listed companies were abandoned. External stimulus, or external impetus is also quite a lot, the beginning of the resolution of the equity division pilot is the most important. In this environment, it is difficult to find junk stocks both shareholders are willing to accept the program is expected to, can not solve the non tradable shares, hardly recognized its price in full circulation market, even if the company can solve the non tradable shares, investors are also difficult to get compensation. Therefore, underperformance has been abandoned by more and more investors. Among them, there are rational analysis, but also in the continued decline in the background, the psychological line of defense difficult to bear and opt out. In addition to the equity division pilot, the change of market participants is also one of the external impetus for the structural adjustment of stock prices. The direct entry of insurance funds leads to the subtle changes in the status of open-end funds, the acceleration of the whole industry integration rate and the risk resolution, all of which have accelerated the pace of structural adjustment of stock prices to a certain extent. Feng Lei predicted that the current performance by some marginal difference stock if the fundamentals are difficult to improve, will face the risk of further declines, the main business for some serious atrophy, cash flow significantly reduce the problem of the company, now the price is not low. This is only 195 below the net assets of the stock market, and do not include poor performance of listed companies, because there are a number of net assets is very low or even negative below the net assets of listed companies did not in the list, this is the 195 stocks in the ST stocks a few reasons. Of course, the stock fell below the net assets, not entirely underperformance phenomenon, including Konka (000016) A (000016.SZ) and other stock shares are overkill. United Securities analyst Luo Shougang believes that these companies with higher net assets per share, while the share price in the long xiongtu also fallen below the net assets is not entirely from investors on the company's growth expectations. More than one hundred shares fell below net assets Www.stockstar.com 2008-10-24 10:09:14 Sing Tao Daily East Edition Rebound! Rebound again! Institutions 9 consecutive holdings of 1 shares outbreak! To win the gold and silver stocks Dengfeng [font: large, medium and small] subscribe, subscribe to RSS, share print [user comment 2] [mobile phone can see] This newspaper Buffett once said, "when others are fearful, I am greedy.". Now may be his greed, because A shares of investors to ignore these information: as of 22, 111 stocks fell net assets, and 204 companies are 10 times earnings. However, does this mean that these stocks really have investment value, A shares have come to the point where gold is everywhere? As of this week, Shanghai automobile, Hainan high speed, Huadian energy and so on, have joined the ranks of broken net stocks, shares fell below the net assets of up to 111 stocks, nearly 30 stocks compared to its net assets of 20% discount. Among them, the net assets of science and technology compared to 49% discount tomorrow, Changchun by opening, Jingwei Textile machinery, Shenma shares of the net assets of more than 40% discount. Broken stocks are some of the blue chip stocks, including Handan iron and steel, Huadian Power, Shanghai power, etc.. These former institutions, star stocks, but a sharp drop in erosion, the stock price of net assets than a few percent to 10 percent range. Price earnings ratio fell below 10 times the company is more common than broken net stocks. As of 21, the price earnings ratio fell below 10 times the company has reached 204, accounting for more than 10% of all A shares. COSCO Shipping, Baosteel, Societe Generale, Yanzhou coal industry, Shanghai Pudong Development Bank, China shipping, China National Heavy Duty Truck, China Pacific Insurance corporation...... A once heard, institutions and investors both respected company, has also become a member of less than 10 times earnings. The most surprising thing is that China ocean. From the beginning of the listing of the price earnings ratio of 30 times to 21, only 3 times, from the continuous rise to continuous Yindie subsequent after the listing, China ocean seem to experience a rebirth. At that time, institutions and investors are shouting "China Ocean 100 yuan" is not a dream, but as of 21 this month, China COSCO's stock price is only 8.23 yuan. China Ocean's experience is a microcosm of the year A shares. And China Ocean company also has Ji'nan iron and steel, Anshan Iron and Steel shares, Laiwu Steel and Minmetals development, these large companies are less than 4 times earnings. A shares have experienced the difficulty of finding a stock of 20 times earnings, and now more than 100 companies have broken their shares or returned to 10 times earnings. The market price of 191 stocks fell below net assets Www.stockstar.com 2008-10-28 7:50:44 Liu Xinglong China Securities Journal Rebound! Rebound again! Institutions 9 consecutive holdings of 1 shares outbreak! To win the gold and silver stocks Dengfeng [font: large, medium and small] subscribe, subscribe to RSS, share print [user comment 0] [mobile phone can see] Reporter Liu Xinglong. Yesterday, the Shanghai Composite Index closed at 1723.35 points, down 6.32%, once again hit a new low in the year. With the decline in the stock index, the Shanghai and Shenzhen two cities broke A shares continued to increase, statistics show that a total of 191 shares fell below net assets. Net shares accounted for 12.16% Statistics show that the information data center, as of yesterday's close, A share market total of 191 stocks fell below the net assets. Since the three quarterly reports of listed companies have not been disclosed, the net value of the calculation of the latest financial statements this year, diluted net assets per share. The number of shares from the point of view, "breaking the net" status is gradually increased, in August this year at the beginning of two, only 25 stocks breaking the net, and now increased to 191, accounting for 12.16% of the total number of normal trading stocks. From time to market, because this year the IPO issue price is higher, listed on the first day or larger, so although most fell, but only Wei Hua shares stocks breaking the net, while others focus on breaking the net shares of the old shares on the market for many years, which in 2004 before, there are 65 stocks, accounting for breaking the net shares the proportion of the total number of 71.43%. Data show that "break net" the largest stock for tomorrow's technology, the stock closed at 2.56 yuan yesterday, and this year's three quarterly disclosure of net assets per share of 5.26 yuan, The market rate is only 0.487 times, since July this year, the stock price has always been "broken net" status. And Changchun's opening market rate is also low to 0.49 times. In addition, the city's stock rate of less than 0.7 times the stock reached 22. In addition to the above 191 stocks, hovering in the "broken net" edge of the stock is also more, the market rate of 1 times, -1.1 times between the shares reached 75; after the stock fell below the net asset stocks are more. Of the 191 stocks, 91 reported three quarter reports, including 15 losses. Overall, 91 quarters of three quarters of total net profit of 17 billion 711 million yuan, an increase of 7.43%. Among them, the decline in performance of shares of 53, accounting for 58%, more than half of the level. From the stock price point of view, the net breaking shares in the majority of low-priced shares. Share prices fell below 2 yuan 3, less than 3 yuan has 87, only these ultra low price shares accounted for 47%, while the stock is higher than 5 yuan only 3. Chemical industry, steel industry, most of the broken shares In the industry distribution, "break net" of the 191 stocks are concentrated in the chemical industry, steel, textile and real estate industry, there are 25, 21, 16 and 15. This year the price of crude oil has long been in high consolidation, which will affect the downstream chemical industry as raw materials, the profitability of the steel industry; because of rising costs and declining demand, the market is generally expected profitability of the steel industry is worrying; the real estate industry despite the recent many positive information, but facing the decline in house prices trend tight money market, developers, and developers on the part of care-laden. Analysts believe that on the one hand, the net rate of declining or breaking the net, that investors are sceptical about the company's future profitability, but on the other hand, in the weak market can choose some varieties as means of increasing marginal investment. For the whole market, more and more stock prices are approaching or below the net assets per share, which should be one of the signals that the stock market is getting closer and closer to the bottom of the stage. 173 stocks were low in price In the stock index hit a new low during the year, part of the A share price will continue to drop. Statistics show that yesterday, the 173 shares hit a new low since the listing of shares, accounting for 11.57% of the total number of normal trading stocks. The low price of shares is particularly prevalent in new shares. Statistics show that this year, a total of 76 listed shares, of which yesterday's share price of 37 shares of innovation, accounting for up to 48.68%. Since the stock index has been declining this year, the new shares with lower share price also show the earlier and larger decline. Among them, the listing is the first bright light shares, the time for January 16th this year, the decline since the listing of 83.32%, is the largest decline in 37 stocks. Shares in Shanghai and Shenzhen stock markets in two cities fell below net assets Securities and securities closing price since October this year, the latest starting date of the listing industry Code, abbreviation (yuan), decrease (%), decrease (%), net of city Rate (Times) 600091 tomorrow science and technology 2.56 -15.23 -69.34 0.49 1997-07-04 chemical 600215 Changchun opens 3.11 -14.56 -70.63 0.49 1999-09-09 real estate 000090 -27.75 -81.94 0.50 1999-07-21 3.75 Shenzhen Tonge real estate 600810 Shenma industrial 3.08 -26.32 -76.86 0.50 1994-01-06 chemical 000666 Jingwei Textile Machine 2.44 -27.16 -76.18 0.52 1996-12-10 mechanical equipment 600839 Sichuan Changhong 2.79 -21.63 -67.16 0.59 1994-03-11 household appliances 600569 Anyang iron 2.66 -33.67 -77.46 0.59 2001-08-20 ferrous metal 000717 -75.18 0.61 1997-05-08 2.84 -29.35 SGIS black metal 002067 King Hing Paper 3.03, -30.66, -79.75, 0.62, 2006-09-15 light manufacturing 600782 -35.20 -78.71 0.62 1996-12-25 3.59 new shares of mechanical equipment 600727 -22.91 -54.31 0.62 1996-07-02 3.87 Lubei chemical Chemical 000932 -70.14 0.63 1999-08-03 3.53 -34.02 Valin Steel Black Metal 000733 Zhenhua Technology 3.42 -22.97 -65.07 0.64 1997-07-03 electronic components 000043 AVIC 4.15 -36.15 -79.96 0.65 1994-09-28 real estate 002034 -71.59 0.66 2004-08-26 3.54 -23.04 Mizuda textile and clothing 000761 steel sheet 3.56 -34.32 -74.69 0.67 1998-01-15 ferrous metal 000898 Angang 5.47 -37.84 -81.18 0.68 1997-12-25 ferrous metal 600302 standard shares 2.45 -24.62 -76.53 0.68 2000-12-13 mechanical equipment 600291 west water shares 4.59 -25.73 -82.00 0.68 2000-07-31 building materials 000903 -26.82 -75.87 0.69 1999-04-15 4.42 Yunnei power machinery and equipment 002087 Xinye textile 3.11 -25.06 -66.12 0.70 2006-11-30 textile clothing 600991 Changfeng automobile 3.92 -21.13 -74.55 0.70 2004-06-14 delivery equipment 000821 -26.98 -69.78 0.70 1998-06-26 2.30 Jingshan light industry machinery and equipment 600102 Laiwu Steel shares 4.99 -33.47 -73.98 0.70 1997-08-28 ferrous metals 000543 -32.68 -77.60 0.70 1993-12-20 3.42 Anhui Power Utilities 600744 -19.76 -66.83 0.71 1996-09-05 2.68 Huayin electric power utilities 600232 Golden Eagle shares 2.49 -21.45 -65.19 0.71 2000-06-02 textile clothing 000615 Hubei gold ring 2.82 -15.32 -71.77 0.72 1996-10-16 chemical 600307 -85.49 0.72 -36.29 4.02 Jiuquan Hongxing 2000-12-20 black metal 600064 Nanjing hi tech 9.14 -27.29 -71.70 0.72 1997-05-06 real estate 600191 huazishiye 2.76 -33.65 -72.50 0.73 1998-12-10 food and beverage 600126 -27.42 -63.72 0.73 1998-03-11 3.23 Hangzhou Iron and Steel shares of black metal 000420 Jilin chemical fiber 2.06 -26.95 -81.67 0.73 1996-08-02 chemical 000619 conch profiles 3.29 -26.73 -69.52 0.73 1996-10-23 building materials 000042 deep the Great Wall 5.09 -26.76 -77.48 0.73 1994-09-21 real estate 000966 -29.60 -72.17 0.73 2000-03-16 2.26 Changyuan electric power utilities 600105 Yongding 2.81 -21.07 -72.98 0.74 1997-09-29 information equipment 600321 -62.72 0.74 2001-05-24 3.78 -23.17 Guodong Construction Building Materials 2.60 -21.92 -69.78 0.74 2003-03-06 600370 Huating textile clothing 000875 Kyrgyzstan shares 2.56 -23.58 -70.20 0.75 2002-09-26 utilities 600260 -69. 4.19 -24.64 science and technology 680.75 2000-07-06 chemical 000961 Dalian Jinniu 2.95 -25.88 -70.32 0.75 2000-03-01 real estate 600278 orient entrepreneurship 4.24 -34.57 -68.78 0.76 2000-07-12 commercial trade 600398 -58.84 0.76 2000-12-28 2.10 -21.93 Keno technology of textile and clothing 000883 tricyclic shares 2.49 -24.77 -67.19 0.77 1998-05-19 delivery equipment 600707 rainbow shares 2.68 -12.13 -58.83 0.77 1996-05-20 electronic components 600566 Hong Kong shares 3.64 -24.95 -60.97 0.77 2001-08-22 machinery and equipment 600219 Nanshan aluminum 4.82 -33.15 -81.87 0.77 1999-12-23 nonferrous metals 600003 ST Northeast High 2.28 -18.57 -62.92 0.78 1999-08-10 transportation 600567 -23.34 -67.25 0.78 2001-12-18 2.43 shanyingzhiye light manufacturing Senior private equity: A shares will fall below 1000 points The landlord 11111LONVE 8:26 in October 28, 2008 4362 click reply 77 management of October 27th closing, the total market value of the Shanghai stock market for 91432 yuan, market capitalization of 2 trillion and 748 billion 172 million yuan, the average price earnings ratio of 14.02 times; the total market value of 20439 yuan Shenzhen, market capitalization of 10255 yuan. The total market value of the two cities was 111871 yuan, down 758 billion 700 million yuan compared with the previous trading day. At the end of the 1800 point policy, we finally said goodbye to us in the global financial turmoil. Yesterday's stock index directly tiaokongdikai about 30 points, 1809.22 points to become the highest point when the opening stock index yesterday, after the opening of fast break 1800 points, closing at noon times received 1773.13 points, down 66.49 points. After the opening of the afternoon, the decline further expanded, to the closing rate plummeted to 1723.35 points, down 116.27 points, or 6.32%, a record low since the current round of adjustment. The Shenzhen Component Index fell 6.89%, closing at 5734.81 points, down 424.14 points, once again hit a new low adjustment. Stock index hit a two-year low Yesterday, the market appeared sharp sell intraday stocks fell again. Two cities rose only about 50 shares, while stocks fell by more than 90%, of which more than 1200 companies fell by more than 5%, while the stock limit was close to 600. In the stock market suffered a setback in the background, the Shanghai and Shenzhen two cities indexes have plummeted, the closing time, the two cities index fell by more than 6%. Among them, the Shanghai Composite Index finally fell below the policy point of 1800, since the current round of adjustment, closing for the first time reported below 1800 points. After yesterday's crash, the Shanghai Composite Index also hit a new low since September 2006, while the stock index has fallen by 24.87% this month, the biggest decline since the 6124 point decline in a month. This month there are 4 trading days, once the stock index fell further, the monthly decline may be more than 30%. PetroChina hit a new low Stock index on Monday, is also a sharp sell. Bank shares yesterday continued to slump, the deep development of A, traffic bank, Shanghai Pudong Development Bank, Beijing bank, Huaxia Bank, Bank of Ningbo fell more than 9%, China Merchants Bank, industrial bank, Bank of Nanjing fell more than 8%, Chinese bank, China Construction Bank fell more than 5%. Petrochemical double bear also began to accelerate decline, Sinopec limit, China Petroleum fell 6.4%, a record low. The sell stock indicators, does not appear to be signs of termination, especially Petrochemical double bear, the current stock price is much higher than the H shares, H shares and market continues to slump, will continue to lower Petrochemical double bear stock price, the stock index fell plate is still a large space. It is worth noting that yesterday's industrial and Commercial Bank of China and China life because of the convening of the shareholders' meeting and suspension, today after the resumption of trading is likely to fall, Thus creating new pressure on index stocks. The island morphology is completely formed Yesterday, prev again with a gap opened a new round of the curtain fell. After yesterday's close, the market once again formed a distinct island form, the island is 9, 19 quotes, 1800 points ~2300 points, which is about 500 points of space. This form, with the first half of this year 4? 24 market is very similar to that of June 10th Shanghai refers to a down the big line announced 4? End 24 market, the decline reached 7.73%, then entered a new round of decline. Yesterday, the stock index is sharply fell Tiaokong, although the gap is not so big but also decline in June 10th, close to 7%, and the rate fell close to June 10th. If you continue to copy the trend of 4, 24 quotes, then the stock index will show further decline. interview with an expert A new round of decline kicked off After the bottom of the policy has been broken, the market will start a new round of decline, then, the bottom of the market in what position? Part of the industry in the "daily economic news" interview, expressed pessimism about the market outlook, they believe that the bottom of the market is far from coming! 1300, maybe the bottom The market will hit 1500 points. CITIC Securities Strategy Analyst Chen Xiangsheng told reporters. He believes that after the below 1800 points, the market will enter a new round of accelerated decline, and the next target will be 1500 points, the point in 2006 due to the market through many tests, is expected from the technical side of Shanghai refers to a certain support, but this is not for him at the bottom of the market. I feel like it's going to be 1300, and maybe it's a real bottom area. Chen Xiangsheng says. British Institute of securities Li Daxiao is more cautious, he said, is currently unable to determine the specific location of the bottom. What can be confirmed is that the bear market, both the adjustment space and the adjustment time, is far from being in place. The resolution of the global financial crisis will take some time, and domestic economic adjustment will not end in a short time. Therefore, from the time of adjustment, it is far from over. At present, the valuation of A shares is not cheap, far from reasonable or even undervalued. Li Daxiao says. He said that when 998 points, A shares of the city's net rate (ie PB) is 1.58 times, while the current global market PB at about 1.5 times, are lower than the current A shares 2 times PB. A veteran private equity fund is also very pessimistic. He believes that the collapse of the global market has just begun, A shares and even H shares will be further decline. A shares of this round of adjustment, first look at 1300 points, and then may test 1000 points. Stabilization fund is difficult to launch For the next stage of the bailout policy, Chen Xiangsheng's views are also very pessimistic. He believes that the next stage, even if the introduction of the bailout policy will not have a substantive impact on the market. Chen Xiangsheng believes that the direct rescue policy will not be out, because the bailout policy is useless, the policy space is very small. The current downward trend in the market has been formed, even if the stabilization fund into the market, it is impossible to reverse the market, because of economic trends and corporate profits in order to determine the market direction. Li Daxiao is optimistic about the follow-up policy, he believes that there are two aspects of the policy is worth looking forward to, on the one hand is economic policy, on the one hand is the policy of the market. On the economic front, he believes that after a number of stimulus measures have been introduced, large-scale tax cuts may be introduced to further boost the economy. There are plenty of room for monetary policy, such as interest rate cuts and lower reserve requirements. Lee also expects global joint efforts to rescue the market may occur, such as South Korea's rate cut is a signal. Direct measures for the market, including Huijin's further holdings, the repurchase of central enterprises and the listed company's holdings, etc., but he said that the introduction of flat fund is still very difficult. Discreet handling is recommended Still sell?. Chen Xiangsheng for the afternoon of the operation of the proposal is very clear. He believes that although investors have lost a lot of money, but in view of the next stage of the market decline is still very large space, selling can reduce losses. He said that the current can not blindly operate, must be dominated by currency. Li Daxiao believes that investors should operate mainly defensive, most of the assets should be configured with treasury bonds and money market funds. He believes that the next stage of the market will be further structural adjustment, poor performance of the company will face further decline, investors are advised to remain cautious. What is the explanation that the market rate is less than 1? Does it mean that the stock has an investment value? The 1664 point market in Shanghai and Shenzhen A shares how many stocks fell below the net asset per share views: 1133 reward points: 0 | question time: 2010-5-17 15:16 | questionger: mutton222 There are 1 other answers If you don't know clearly, don't just look at any rate. Look at these, you may lose money at a loss The net rate of less than 1 only that the stock is currently on sale, but does not mean that the stock investment value For example, in early 08, Nanjing panda shares 16 yuan, net assets per share of 18.7 yuan, the city's net rate of less than 1, but you see now Nanjing panda price? About 8 yuan, how much is net worth per share? 2.25 yuan? What's the reason? You know, he has too many securities. They were all over 100 at the time. Of course, net asset value per share is high. Now? Net assets are not a correct indicator. They are just a simple reference. You don't know what these assets are. Only real market people can figure out the problems. So the price earnings ratio and put it bluntly, is just a pipe dream. The 1664 point is about 40 stocks breaking the net, most of the iron and steel stocks and real estate stocks, some stocks is relatively crazy business, such as what both sides of the needle and the Nanjing panda, but in fact these steel stocks was not what big problem, the capital has been relatively stable, but it is not pay attention to the steel industry and the development of country. Gone too far, so not too much intervention. Four trillion investment wake-up A shares, analysis of the eight industry ultimately benefit? Www.stockstar.com 2008-11-11 7:41:02 Securities Star Rebound! Rebound again! Institutions 9 consecutive holdings of 1 shares outbreak! To win the gold and silver stocks Dengfeng [font: large, medium, small], subscribe, subscribe, RSS, share print [user comment 1] 4 trillion, investment wake-up A shares, stock market boom, approaching 1900 points Peatlands soared 127 points, this is the A-share market for more than a month, A did not dare to think of things. However, such a miracle happened yesterday. After 9 days of wandering around 1700 points, the government's rescue package finally led to a long - lost stock market boom. Yesterday, the market in a good sound quickly overcome 1800 points, and once challenged 1900 points mark. Two cities stock index closed at 1874.8 points and 6127.12 points, rose 127.09 points and 374.03 points, or up to 7.27% and 6.5%. This is since September 23rd, A shares rebounded the biggest strength of the day. September 18th evening, management has introduced three major rescue measures to stimulate the A-share market in September 19th, 22 consecutive two trading days up 340 points in A. After that, the depressed stock market continued to weaken all the way, and hit a new low of 1664.93 in October 28th. The fragile nerves of investors were almost completely knocked down by a steadily falling stock market, and nobody believed that the market would rebound and even doubted whether the 1500 point was bottoming out. The crucial moment, the government once again bailout. Last Sunday, the State Council unveiled a stimulus plan worth more than $4 trillion, and the government's expected swift action immediately made a positive response to the A share market. Yesterday, the turnover of A shares expanded rapidly, more than 80 billion yuan, while in the previous trading day, the turnover of two cities is still less than 40 billion yuan. Two, more than 1500 stocks rose almost across the board, more than 300 stocks were trading. A shares, B shares rose all the way, the relevant favorable plate - cement, steel, infrastructure and so on, is a blowout. Cement plates yesterday all limit; steel, coal stocks rose more than 9%; some warrants rose more than 30%, or even 40%. Oil, nonferrous metals, real estate, financial heavyweights, these A in the A-share market rose to see investors, even dare to believe that this is a few days ago also extremely shrinkage of the A stock market. Analysts said the government's willingness to rescue the market has become apparent. In addition to direct investment, the long-awaited VAT reform, the central bank's further interest rate cuts are expected to form a potential positive for the stock market.