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?


10 billion private placement positions 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

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 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.

At present, the management scale of 10 billion private equity funds accounts for about 40% of the total scale of private equity funds, and its influence on the market is increasing day by day. Therefore, the position of 10 billion private placement rises to the highest every time, which plays a positive role in stimulating market enthusiasm. The subsequent market performance also reflects the sentiment of investors to a certain extent. Private platoon Network future star fund manager Hu po said.

Small and medium-sized board, GEM stocks are more concerned

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.

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.

In the process of research, 10 billion private placement is most concerned about the driving factors of the companys performance and the current progress of new energy passenger vehicles.

As for the performance driving factors, Huichuan technology said that the backlog demand since 2018 and 2019 has been released. At the same time, under the influence of industry cycle and policy demand, the demand in advanced equipment manufacturing fields such as 3C, lithium battery, silicon crystal, printing package is relatively strong, which has driven the rapid growth of core products in the companys general automation business. At the same time, the company started to put forward internal management reform measures in 2018, and introduced external management consultants in 2019, so the overall atmosphere of the company continued to improve.

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.

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