By TX Investment Consulting Co., Ltd.
- May 26, 2011
- Strategies
During the first four months of 2011, Da-Qin Railway fulfilled coal transportation of 140m ton and it is predicted that it will accomplish transportation plan of 440m ton that made by Ministry of Railways this year and try to reach 450 ton. Main business of the company steadily develops and its evaluation level holds relatively .......
By TX Investment Consulting Co., Ltd.
- Mar 11, 2011
- Strategies
1. People's livelihood problem still being the focus of NPC and CPPCC. A series of policies including consumption update, indemnificatory housing building will be mentioned in the conferences, which involve big consumption industries of building materials, agriculture, home appliances, automobiles and medicine, etc.
2. Seven strategically emerging industries emphasized in the 12th five-year plan: .......
By TX Investment Consulting Co., Ltd.
- Feb 22, 2011
- Strategies
Against the background of frequent policies, we hold that investors will reinforce defensive awareness in Q1 2011, and industries and individual shares with stable growth and estimation advantage will be favored. Meantime, priorities will be given again to industries and boards which have substantially released their risks during the last quarter. .......
By TX Investment Consulting Co., Ltd.
- Feb 22, 2011
- Strategies
Inflation is one of the hottest macroeconomic issues nowadays; in this article, Mr. Lin Yixiang conducts specialized research and shows his insights in causes of rising commodity price, problems which may be generated if inflation be weighed by CPI as well as related countermeasures. He brings forward his opinion that rising commodity price weighed by .......
By China Galaxy Securities Co.Ltd.
- May 6, 2010
- Strategies
Key Standpoints:
1. M-shaped economy indicates decline of year-on-year growth at 9.5% in Q2 2010 and inflation anticipation intends to be strong yet with not heavy actual pressure; meantime, May-July CPI exceeds 3% and inflation pressure will be relieved in the second half year. Compared with universal market anticipation, we hold cautious view on economy growth .......
By China Galaxy Securities Co.Ltd.
- Mar 1, 2010
- Strategies
1. Short-term pressure of fund is hard to alleviate.
Fund capital being short: intensive bonus sharing + high positioning + redemption pressure. If we see fund capital by plus-minus method, new fund issuance will be the only plus, while fund bonus sharing and redemption are to cut capital.
Secondary market capital flows to initial public offerings, and .......
By China Galaxy Securities Co.Ltd.
- Mar 1, 2010
- Strategies
Points:
1. Market trend coincides with our yearly strategic estimation.
2. Fund holding has almost reached the summit.
3. Funds saw unprecedented redemption pressure in Q4 2009.
4. Stress of funds bonus sharing in Q1 2010 is heavier than before.
5. Book bank deposit of funds hits lowest of recent 10 quarters.
6. Initial Public Offerings might be under estimation.
7. Conclusion: .......
By TX Investment Consulting Co., Ltd.
- Jun 25, 2009
- Strategies
As of closing on June 24, 2009, share prices of 3 companies plunged below their net asset value per share, with P/B ratio between 0.57x and 0.97x. These companies covered several fields including real estate, textile & garment and telecom industry, etc. From 2007 onwards, 264 companies issued initial public offering. Of these companies, 13 .......
By TX Investment Consulting Co., Ltd.
- Jun 12, 2009
- Strategies
As of closing on June 11, 2009, share prices of 4 companies plunged below their net asset value per share, with P/B ratio between 0.57x and 0.99x. These companies covered several fields including real estate, textile & garment, telecom, and home-appliance industry. From 2007 onwards, 264 companies issued initial public offering. Of these companies, 16 .......
By TX Investment Consulting Co., Ltd.
- Jun 11, 2009
Changsheng Tongqing Fund-B discounts and UBS SDIC RuiFu Aggressive Fund (MUTF_CN:150001) appreciates, which is due to their differentiated risk return features; viewed from earning distribution mechanism, the latter is better than the former.
Current premium of UBS SDIC RuiFu Aggressive Fund (MUTF_CN:150001) is rational to some extent.
Discount of Changsheng Tongqing Fund-B is limited; in case of .......