Lifting of the ban by an overwhelming wave of stock brokerage Haitong shares outstanding during the year will be expanded 15 times

In November the two trading days, Haitong Securities experienced strong selling pressure, were closed limit. "Non-small low cost, small Haitong Securities shares for non-agricultural businesses that corporate shareholders, the current cost of less than 1 yuan, was Haitong backdoor after big money, to be sure when to cash.


In November the two trading days, Haitong Securities experienced strong selling pressure, were closed limit. It led directly to the limit the entire board firms collective slump, dragging down the market. Yesterday, the yuan securities, the Yangtze limit securities have been. Analysts said that although the first three quarters of this year, Haitong Securities in the profitability of listed firms still in the top, but the next 2 months, 3 has a total of 3,520,000,000 shares of lifting the ban would limit the sale of shares Haitong Securities shares Enormous pressure. In addition, the State Securities million shares to 16,032 shares of restricted stock for sale at the end of the lifting of the ban; in December, the Yangtze River 34 small non-securities held by nearly 6 million shares will be listed almost at the same time, 22390.76 million shares of Pacific Securities limit the sale of shares will be listed. Plus tide lifted in the fourth quarter performance is expected to continue to decline, so that the brokerage stocks over the past two days had shown weakness.

Haitong shares outstanding during the year will be expanded 15 times

Public information, Haitong Securities Gushu Wei 23385.92 million shares currently in circulation, and this month in December, Haitong Securities issuance of shares and shares last year to limit the sale of shares will be listed on a large-scale lifting of the ban. November 21 which will be 1,289,000,000 shares lifting of the ban, on December 21 there are 160,000,000 shares lifting of the ban, on December 29 there were "not" held 2,069,000,000 shares started to limit the sale of shares outstanding. 3 times after the lifting of the ban, Haitong Securities flow of capital will increase by the year 3,518,000,000 shares, the shares will be 15 times the capacity expansion, which some agencies to evacuate in advance. The industry believes that by the end of October Haitong Securities raised the stock price at the same time, the agency began to retreat.

At present, the total capital Haitong Securities 8,220,000,000 shares, the flow of capital, only 230,000,000 shares, the proportion of the outstanding shares of less than 3%, leverage ratio, active stock in a variety of policies have stimulated more trading opportunities, but November 21, the last year, directed the issuance of 1,289 million shares (of which held by Pacific Asset Management 160,000,000 shares listed in December) after the lifting of the ban, the shares will be expanded to 5.5 times the short-term increase in the supply of shares to the pressure. The issue price of 17.89 yuan, while yesterday's stock price has been broken, but in December, taking into account a large number of low-cost chip shares to the flow of pressure, it is estimated that an additional 7 subjects will be sold.

"Non-small low cost, small Haitong Securities shares for non-agricultural businesses that corporate shareholders, the current cost of less than 1 yuan, was Haitong backdoor after big money, to be sure when to cash. In the face of non-small will continue to smoke 'Lengjian' supply, the flow of current shareholders only to take the lead on. "Analysts believe that. The Shanghai Stock Exchange public information shows that nearly three days Haitong Securities sold to institutions, including a dedicated seats and gold CITIC's Sales Department, and so on, to buy for Guotai Junan Shanghai Lujiazui Road card business, such as the Department. Guotai Junan Liang researcher to maintain its 2008 performance of 0.4 yuan is expected, corresponding to earnings ratio of 37 times the dynamic, high valuation of the company, additional directional and non-small backdoor of the lifting of the ban will speed up the return of its value. For investors, to sell and wait for the arrival of the wave of small non-lifting of the ban would be the best choice.

Changjiang Securities, non-small-Pacific market next month

As the backdoor listing most of the brokerage stocks, time to market as early as the shell object, non-small low-cost, after the first two years after the backdoor firms were soaring stock prices, lifting the ban after a strong desire to reduce cash. States such as Yuan Securities, on October 30 before lifting its shares equivalent to 1.28 times the shares to limit the sale of listed shares, its stock price in October to all the way down from the original 20.65 yuan yesterday fell 9.68 yuan, down 53%. As part of its non-small one, Wanwei high of 6597.54 million shares held by the cost of less than 0.5 yuan / share, then of course the driving force reduction.

Similarly, in December Haitong, the Yangtze River and the Pacific, three of the original securities holdings of non shell of small objects will be lifted, the sea of small-scale flow of its non outstanding shares before the lifting of 1.22 times; Changjiang Securities lifting of the ban, including non-small Baoding Swan, Gezhouba, Wuhan Iron and Steel shares, Hubei Golden Ring, Keller science and technology, science and technology of Chinese workers, Yangtze Power and Hang Seng e-8, and other listed companies. Pacific lifting of the ban for the current size of the outstanding shares of 5.33 times, the impact is not small. Analysts believe that despite a brokerage Margin good, but the profit contribution of the initial limited expansion of Liutong Pan and performance anxiety to suppress the trend of the stock brokerage.