foreword
Recently, the efficiency of the unit has not been good. Unfortunately, I lost my job. After finishing my resignation, I found that the Beijing Stock Exchange has launched 8 new stocks in one breath. Recently, the broader market has been on the rise, but the Beijing Stock Exchange has been sluggish, which means that it has a reverse linkage with the A shares. Moreover, at this time, the issuance speed is still very fast, and there is no time to analyze the new shares. In addition, frequent breaks have caused investors to have great opinions.
In short, the market of the Beijing Stock Exchange is not good recently. It is similar to the market in the previous period. Continue to pay attention to it. Next, we will continue to compare and analyze the new stocks together. Although several stocks have passed the subscription date, we still conduct normal analysis. million shares.
1. Issuance
CBEX does not believe in high-priced stocks, so a low issue price has an advantage. We can use 6 yuan as the best, and 10 yuan or more as the judging standard. Then Yuanhang and Jikang have advantages.
In addition, the biggest problem of the Beijing Stock Exchange at present is the lack of liquidity and the small trading volume, so the market value of new shares circulation has become very critical. The total market value of 3 billion yuan and the circulation market value of 1 billion yuan in Air China Ocean Ocean are a miracle, and they are too large in the Beijing Stock Exchange. The circulation market value of Hanwei Technology, Fengan, Chunguang and Jikang is barely okay.
Judging from the list of strategic placements, CommScope Chemicals has assembled a full lineup, including public offerings, private placements (power investment is more famous), brokerages, and employee shareholding; there are 8 Jikang Instruments, among which Thinking Investment is also specialized in NEEQ investment private placement.
From the perspective of sponsoring brokers, the green ones are considered big brokers.
2. Fundamentals
The scale of revenue and net profit can reflect the size of the company, and the gross profit rate and net profit rate can truly reflect the competitiveness of the company’s products. The difference between the gross profit rate and the net profit rate is generally consumed by sales expenses, management expenses, and research and development expenses. Generally, pharmaceutical companies and consumer goods have the characteristics of high gross profit margin and low net profit margin.
The size of Sino-Ocean looks like a giant, outshining others. It can also be seen that the scale of Chunguang Pharmaceutical Equipment is growing rapidly, which belongs to the small and beautiful type.
Among this batch of new stocks, the three-year average net profit rate is OK for Kangpu Chemical, Fengan shares and Jikang.
3. Growth rate
Judging from the compound growth rate of net profit, CommScope Chemicals and Chunguang are the best, while Jikang and Benlang New Materials are both good. It should be noted that the compound growth rate of Combit is not high, but the growth rate in the past two years is not bad. However, it is a pity that Benlang New Materials will experience various growth declines in 2022, further deteriorating the price-earnings ratio.
The growth rate of Chunguang is a bit scary. Open the prospectus, and you can find the payment password from the pharmaceutical filling equipment to the dairy product canning equipment from the picture below. It is similar to the previous Sichuan fascia gun company that became rich overnight.
No matter how new it is, Chunguang Yaozhuang has finally found an explosive industry, which is good.
The strange thing about the same data is that Benlang new materials have declined so severely. After reading the prospectus, we found that Benlang is located in Foshan. Most of my country’s sanitary industry is concentrated in Foshan. Benlang new materials are mainly used in ceramic cutting. To put it bluntly It is the cutting of bathroom products in the downstream industrial chain of real estate, so the sales volume is also obviously affected by the collapse of real estate.
Although the company is also looking for a product path for precision instrument cutting, in terms of proportion and gross profit margin, precision instrument cutting cannot become a leading product for the time being. Therefore, it is still believed that Benlang new materials are used for sanitary ceramic cutting. Although there may be a reversal, it is not a good target for new players.
4. Valuation
There are several dimensions of comparison here:
The first is your own rolling price-earnings ratio, which is safe below 16 times and dangerous above 23 times;
The second is the comparison of the rolling price-earnings ratio and comparable companies. The 40% discount on the Beijing Stock Exchange is safe. The more discounts, the better, and the less discounts, the more dangerous.
V. Summary:
Looking at this batch, it is true that only CommScope Chemicals and Jikang Instruments are of the highest quality. Secondly, the fundamentals of Chunguang are fine. Break the hair, the others are not worth seeing.
It is recommended to give priority to CommScope and pair it with Jikang. If it is more radical, it can also be paired with a little spring.
# $Jikang Instrument(NQ830879)$ $CommScope Chemical(NQ834033)$ $Chunguang Pharmaceutical Pack(NQ838810)$
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