Ever Bright floats an issue

Ever Bright floats an issue

Today, Shanghai Stock Exchange welcome IPO, restart the third new stock list, 340 million shares on Ever Bright securities issue on the net take the lead in being listed. According to the research report of the domestic main securities organization at present, the major securities trader thinks the reasonable stock price after the listing of securities of Ever Bright is in 25~30 yuan, but Haitong Securities (600837, share) Predict this share is listed on the first day and may be fried high to more than 38 yuan, than the issue price largest premium about 84% of 21.08 yuan. The impact that listed in the face of the new stock of the deep bid and IPO examines and approves and is accelerated, numerous securities traders released the report yesterday, see the short-term tendency of the A-share after the empty listing of securities of Ever Bright unanimously.
First IPO securities trader's share over the past 7 years
Continue CITIC Securities (600030, burst) Later, carrying forward the securities becomes the first securities trader listed by way of IPO in the past 7 years. According to Ever Bright's securities prospectus, it is every strand of 21.08 yuan that the company firsts publish prices, the issuing amount does not exceed 520 million shares, raise the fund of about 11 billion yuan, deep bid new stock listed on another one of the Chinese building once alone of fund-raising scale after restarting as IPO.
The materials still reveal, Ever Bright's securities are the important backbone's financial enterprises under command of Ever Bright Group, there are 79 stock exchanges and 15 securities service department at present, comprehensive strength has been occupying the top 10 of the trade all the time since 2005.
Until domestic overth the intersection of securities and organization reasonable value calculate behind the listing of securities to Ever Bright at present, most securities traders predict the reasonable stock price of Ever Bright's securities in 25~30 yuan.
Amount of the increase on the first day or exceeding eighty percent
Wide to send securities, think as first the intersection of IPO and listing the intersection of securities trader and share in recent years, Ever Bright securities should enjoy sure valuation premium under the average level of the trade, the rational valuation local train is to correspond to the earning per share of 0.79 yuan of 2009 from 38 times to 40 times of p/e ratio, the rational value block is 30.02~31.6 yuan.
Haitong Securities (600837, share) Have a good prospect, this securities trader's report estimates the earning per share will reach 0.88 yuan in Ever Bright's securities 2009, listed between the last 3 months and about 122% of mobile premium in one year, the dynamic p/e ratio is 35.6 times, it is 31.28 yuan to correspond to the stock price of secondary market, relative issue price of 21.08 yuan has 48.37% of the upward spaces.
Haitong Securities say until atmosphere that new stock fry suddenly and violently watch at the market at present at the same time, the securities listing stock price on the first day of Ever Bright is probably fried high to 38.79 yuan in theory, relatively the issue price has 84% of the upward spaces.


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