Mergers And Acquisitions To Enter The Interim Performance Appraisal Period

According to the schedule of disclosure, the vast majority of companies will announce their medium-term performance in late August.

For the tardy official mid-term performance, the speculation that intervening in the China daily market still needs to rely on the medium-term performance announcement which has been disclosed. Investors can closely watch the gem growth stocks with the most obvious growth in earnings forecasts, and identify opportunities from them.

Statistics show that as of July 21st, the Shanghai and Shenzhen two cities announced in advance of the 2016 China Daily Performance notice of 1784 companies, accounting for two of the total A share of 64.17%.

Judging from the proportion of the number of companies predicting the company as a whole, 483 main board companies account for 30.9% of all the main board companies, 789 small and medium-sized board companies account for 99.5%, and 512 GEM companies account for 99.61%.

According to the statistical analysis of the net profit change interval and the net profit actual realization amount in the middle of 2015, we excluded the stocks that were listed this year and did not have comparable data in the same period last year. 1580 companies predict that the net profit growth interval will be 21.2%~50.92% in the first half of this year.

312 of the main board companies are expected to change in the range of -5.14%~27.58%; 776 small and medium board companies are expected to grow by 22.39%~54.39%; 491 GEM companies are expected to grow by 39.05%~60.22%.

Small and medium enterprises, especially GEM companies, are still in the market.

The fastest plate basically corresponds to the phenomenon that the market focus has been focused on technology stocks in recent two years.

In the middle of this year, the growth of net profit of each sector in the first quarter of this year is due to the low base of profit growth. The overall performance is expected to show rapid growth, and there may be further stagflation. The main board company's net profit in the first quarter has dropped by 2.54% over the same period. Relatively speaking, the medium and small board and gem will be relatively clearer in the first quarter of this year. Compared with the forecast of profit growth interval, the overall profit growth rate of medium and small board is larger than that of the first quarter (the net profit of medium and small board companies increased by 20.36% over the first quarter), while the growth enterprise market is 63.65% higher than that of the first quarter, even if the growth ceiling of the earnings forecast is the benchmark, there will be a 3 percentage point fall. Nevertheless

"If there is no accident, the overall performance of GEM companies in the first quarter of this year is likely to become the high point of its annual performance."

The reason why gem's overall performance growth may decline is Guoxin Securities analyst.

It is believed that with the supervision and inspection of mergers and acquisitions by regulators this year, the performance increments brought about by a large number of extensive mergers and acquisitions will be somewhat lower than before.

Qin Hong, a consulting strategist at Jin Bai Lin, also believes that "as the audit becomes stricter,"

Sluggish, the mobile Internet venture capital fever is ebbing. At present, the intensity of mergers and acquisitions of GEM companies has slowed down, which means that the attack of the gem will be reduced. "

However, there are advantages and disadvantages. A QFII investment manager, Zhou Yin, gave another explanation in an interview with reporters. "For the listed companies, the real powerful companies can buy better assets at a more reasonable price with the low tide of M & A, which is beneficial to some companies who really want to do things instead of" storytelling ".

Unlike the motherboard and small and medium-sized boards, according to the gem Memorandum No. eleventh - Performance notices, performance bulletins and amendments, GEM companies should disclose semi annual performance forecasts before July 15th of each year, which means that July 15th will be the "deadline" for GEM companies to disclose the notice of the newspaper.

According to the announcement of the medium term performance announcement, the small and medium size boards and the gem have been basically disclosed. However, in the process of disclosure, the disclosure time of the medium and small board companies is mostly concentrated at the end of April (most of them are disclosed simultaneously with a quarterly report). In the near future, the expected announcement is basically published for the two time. The gem share is concentrated on the performance of the pre disclosure work before and after the July deadline.

The history of A shares in the past shows that Chinese retail investors have long favoured low priced stocks, but in the context of the government's pition to the service industry, the profits of traditional industry giants are squeezed and investors' eyes begin to turn to some industries or companies that have continued to grow.

From the characteristics of favored companies, it is mainly concentrated on small cap stocks.