IPO bubble stock market will push price-earnings ratio

 IPO bubble stock market will push the stock market price-earnings ratio
mm foam board and benefit small and medium
GEM rapid expansion of Wuhan University of Technology Director of Finance and Securities Research Institute, New Tang (Professor)
ended March 31, 2010 closing , the dynamic price-earnings ratio of the median small plates up to 60 times the median of the GEM is the dynamic price-earnings ratio as high as 82 times, all the A shares in Shanghai and Shenzhen dynamic price-earnings ratio was 52 times the median! Thus,bailey UGG boots, the current A-share market is bubble blowing, although stock index has been in or do not move,UGG boots clearance, not move up the first day of IPO boom law.
2010 年 1 28, Western Electric in China since reform opening IPO IPO China's stock market broke the first day of the first single, after the small plates also will be echo, also appeared in the first day of IPO's break random phenomenon. However, the Chinese stock market after the initial face of market-oriented reforms broke the first day of IPO phenomenon, investors fear further warming, which Western power market from China, the Shanghai Stock Exchange listing of almost all large-cap stocks have emerged on the first day or below the issue price, issue price or close to the phenomenon of panic, but this time the Shenzhen Stock Exchange's small board and Growth Enterprise Market is relatively stable and strong, the majority of small cap stocks listed on the first day did not break, but the increase is greatly reduced, and narrowed the scope to 10mm50% gain.
this end, new issues continue to return to price-earnings ratio, in which the GEM IPO price-earnings ratio of 80 times from 60 times return to within the small plates was back IPO price-earnings ratio 50 times less than the issue of market shares to 30 times price-earnings ratio is back!
However, this year March 29, the market shares of Chongqing Water rose 73% to the closing price, bid farewell to large cap IPO market panic, thus ending large-cap stocks listed on the first day of the ten months time, changes in IPO price-earnings ratio is basically run through a complete cycle, and in general were unearthed on the current IPO price-earnings ratio of the Extreme interval 20mm50 stage times; small plates issued interim earnings extreme interval 40mm80 times; stage GEM earnings release times of extreme interval 50mm120.
That is, the middle range price-earnings ratio of new shares issued respectively as: large-cap stocks 35; small plate 60 times; GEM 80 times. This is the beginning of the article said the market median level of the dynamic price-earnings ratio is roughly equal!
Therefore, the proof of this set of data again: two Most of the stock market, state-level price-earnings ratio, price-earnings ratio determines the movement range of new issues, especially in the total equity equivalent shares outstanding similar to results similar to the
present, although the Shanghai composite index is still hovering halfway point in 6124, but the price of many stocks have already broken through the historical peak of 6124 points in 2007 the highest price, which is Typical markets form, but most stocks, especially the excessive speculation in junk stocks, has led to A-share market bubble.
Objectively speaking, the stock market bubble or the stock market bubble is not necessarily a bad thing, at least in present circumstances It is small board with the rapid expansion of GEM provides a strong material foundation and market environment, of course, is small plates, the GEM, and even the issue of price-earnings ratio regain market shares > This is the IPO market of the market rules: as long as is debut break expansion, China's stock market will continue to be the biggest investment opportunities and investment. Meanwhile,UGG boots, the next three to five years will also be high-tech enterprise of Chinese private enterprises and the key and the great development opportunities. Therefore,UGG boots cheap, the Chinese stock market bubble to maintain an appropriate, will conducive to small plates and the rapid expansion of GEM!