Fund "lock" Suning Appliance Bubble Can Sustain Long? - Suning, Channels, Chain - Hc

In a short span of less than a year since listing

, the Suning stock rose from less than 30 yuan to more than 60 yuan, up by Suning stock fund holding can for how long?

The United States a share in 1990 to 2000, 10 years rose 100 times, it is the largest U.S. electronics chain vendors BestBuy. In China, the Shanghai and Shenzhen the first high-priced stocks, "Suning Appliance (IT market forum)", in less than a year's time, listing more than 100% increase, and the Fund continue to be optimistic, and "Lock" support the market.

Suning Appliance (002024) will become China's BestBuy? In the future may be. But in an interview, most of the research department and institutional investors believe that the short term, Suning Appliance stock was overvalued.

2005 4 11,12 days, in the Suning Appliance climbed the highest point of 69.35 yuan, after a dramatic correction. Speculation, whether the holding of funds Suning slightly lighten the beginning? High-priced stock bubble to break?

Fund "Lock" In Changsheng Fund allocation model for the industry in 2005, Suning Appliance is one of the 5% of the commercial sector the only one electrical distribution chain. July 2004, in March after the two listed Suning Appliance, easy Fonda, Invesco Great Wall, Peng Hua, investment, Changsheng Fund, etc. 10 of 30 yuan to 40 yuan price of a large number of buying into the top ten in circulation Suning shareholders; and Suning annual report 2004 results have held up quite well: Main revenue growth 50.94%, net profit growth of 83.22 percent, earnings per share 1.95 yuan; ROE 21.81%.

Chose Su Ning, the fund saw in it than

States United States Of growth. "Because it is small plates, the stock has fundamental support." Investment manager of East China, said a broker. So far, Suning Appliance only 2,500 shares issued, is the small-cap stocks.

According to the 2004 annual report of Suning Appliance, the end of 2004, Suning's top ten shareholders of tradable shares is still all for the Fund, of which eight funds were not acts of mass lighten up. Yi Fang Daji fund management companies in particular, so heavily on the holdings of Suning, the four fund's holdings accounted to 4.96%, which is rare in the Shanghai and Shenzhen exchanges.

With the Fund's "escorting Paul Air", and soon, Suning Appliance has become the fastest growing cities in the stock up, one of the industry to it put on the "Fund Zhuanggu", "Shanghai and Shenzhen City, the first high-priced stocks, "the title. March 14, 2005, when the Suning Appliance has broken the 60 per share when the price of their dispute whether there is a bubble in the widely circulated, this time from six months ago, the stock has been listed on a whole rose by 100%. April 8, 2005, the approximate 70 per share mark, the next two days, began to fall to the 62.60 high. Fang Jian guessing whether funds transfer positions?

The tracking of the history of these two large single-day trading, the level 400 and above transactions, did not find Suning figure. This at least shows that the Fund does not focus on acts of transfer positions. "This is just a normal market correction, can not be said of the Fund to lighten up." Wearing bright Soochow Securities investment manager stressed.

Letter Thailand Securities vice president of research and development expenses Yoshie-minded, "This is someone (Awkwardness Fund) locked (Suning) support the market! Or Suning will not go so steady, and today (4 13) rose up Suning has estimated that there will be little short-term volatility. "to" Lock "operation, the industry believes that the Fund has its reasons. Fund has now been taken over Suning earned a 34 10, was shot in the time; Suning such high prices, who will drive the next one after it?

China Foreign Economic and Trade Trust & Investment Corporation Chief Investment Officer Maloney said they would not choose this type of stock investment. "This is a capital-driven market, stock investment easily get together, why we have this high price of Suning Appliance." Apart from cost, Suning's profit model can easily be copied opponents, making it less competitive. Industry that no securities, insurance, trust and other funds received plate approach, the Fund would be better Suning shook his hands, to prevent price fluctuations, capital quilt.

In gold, "ruthless hit" Su Ning

2005 3 24, for Suning Appliance, China International Capital Corporation and

China and Thailand Securities staged a pair of finals.

This day, in gold short Suning, amounting to 4.89 million yuan to sell, there Kongfangliliang Phoenix Road, Zhuhai, Guangdong Development Securities and the securities business department of 1.99 million, Beijing Zhongxing Trust and Investment Company 177 million and the Great Wall Securities Haikou City Queensland North securities business department of a small part of the selling. Interestingly, Huatai Securities, as this and Suning Nanjing emerging from brokers, then spent a full day to 9.5 million yuan to buy 30% of the selling, and no one sold. In the secondary market, the minimum price the day of Suning Appliance fell 56.25 yuan, the first trading day low of 60.61 yuan. Has long been rumored, would like to tape missed gold in 1000. Industry that the selection set, Suning kind of small-cap stocks to drop, easier to operate.

by: gaga

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