Will the history of 10 billion level private placement reach a new high?

category:Finance
 Will the history of 10 billion level private placement reach a new high?


Near the end of the year, the action of private placement in the head is becoming more and more obvious.

According to the data of private placement network, as of November 20, the overall position index of private placement was 78.92%, with a month on month increase of 0.45 percentage points, setting a new high since this year. In terms of scale, the 10 billion level private placement position is the highest, and has created the highest position level since this year, and the 5 billion scale private placement has the largest month on month increase strength.

According to statistics, the overall position index of 10 billion private placement is 84.35%, which is 0.82 percentage points higher than that of 2 billion private placement, which is 7.63 percentage points higher than that of 2 billion private placement. Among them, 95.53% of the 10 billion level private placement positions exceeded 50%, and the 10 billion level private placement positions above 80% accounted for 65.01%.

In addition, the latest position index of 5 billion private placement was 78.31%, which was 1.56 percentage points higher than that of other private placements.

Data source: Master of private placement network

What will happen after the new high?

It is worth mentioning that, judging from the data of the past five years, the performance of gem after four times of 10 billion level private placement positions stood at the highest level in the previous year.

According to the small editors analysis, in the past five years, the time when the 10 billion level private placement created the highest level of positions in the year was April 30, 2015, December 30, 2016, September 15, 2017, February 14, 2018 and June 28, 2019, with positions of 81.27%, 57.96%, 81.15%, 84.96% and 83.09% respectively.

According to choice data, one month after the above five time points, the growth enterprise market rose by 26.64%, - 3.73%, 2.49%, 11.69% and 2.4% respectively. Only in 2017 did it decline, and now the position of 10 billion private placement is close to the historical peak in February 2018. At the same time, the performance of Wanda all a index is relatively stable.

In the recent survey of the top 10 billion private placement, the favor of gem is quite obvious.

According to the data, of the 22 private placement companies with an average return of more than 30% in the first ten months, 15 of them were listed in the survey list of Listed Companies in November.

On the whole, 10 billion private placement companies with better performance since this year showed significant preference for growth stocks in the fields of technology, medicine and consumption in November. Compared with the main board and the science and technology innovation board, the listed companies on the small and medium-sized board and the growth enterprise market are more favored by the 10 billion private placement companies with excellent performance this year.

Hu Bo believes that there are two main reasons for the recent intensive research on the small and medium-sized board (SME board) and the growth enterprise market (GEM) in the 10 billion level private placement Market: on the one hand, the overall adjustment of the small and medium-sized board and the growth enterprise market has been relatively sufficient, with a high margin of safety; on the other hand, there are many high-quality enterprises with higher growth in the SME board and the gem, so it is not ruled out that the SME board and the GEM may go up further Sex.

Specifically, in November, Huichuan technology was the most popular private placement research object.

According to the public information, Huichuan technology is an enterprise specialized in R & D, production and sales of industrial automation and new energy related products. The companys revenue from January to September was 8.098 billion yuan, with a year-on-year growth of 65%. The net profit attributable to the parent company was 1.498 billion yuan, up 132% year-on-year. Among them, Q3 revenue was 3.314 billion yuan, with a year-on-year increase of 51%, and the net profit attributable to the parent company was 755 million yuan, with a year-on-year increase of 168%, and the performance exceeded the expectation.

For the progress of new energy passenger vehicles, Huichuan technology said that for domestic passenger car customers, the company has realized batch supply of some models; for international passenger car customers, on the one hand, the company has completed the construction of systematic platform and obtained the system admittance qualification; on the other hand, taking power products as a breakthrough, taking advantage of Chinas supply chain and rapid response, it has targeted overseas projects It also broke through the threshold. On the whole, due to the batch sales of some designated models, the companys new energy passenger vehicle business has achieved rapid growth this year and is in a state of loss reduction. Yuanlesheng asset believes that if the growth stocks with large long-term growth space and high short-term growth rate appear a correction due to liquidity contraction, it may become a good opportunity to buy from the annual perspective. In the long run, the industry sectors such as medical, consumer, Internet, technology and new energy have long-term investment value. Editor: Wu Xiaojing source: Shanghai Securities Journal Author: Ma Jiayue editor in charge: Zhong Qiming_ NF5619

For the progress of new energy passenger vehicles, Huichuan technology said that for domestic passenger car customers, the company has realized batch supply of some models; for international passenger car customers, on the one hand, the company has completed the construction of systematic platform and obtained the system admittance qualification; on the other hand, taking power products as a breakthrough, taking advantage of Chinas supply chain and rapid response, it has targeted overseas projects It also broke through the threshold. On the whole, due to the batch sales of some designated models, the companys new energy passenger vehicle business has achieved rapid growth this year and is in a state of loss reduction.