129770904188125000_188At present, China has returned to a moderate level of inflation, pre-adjustable fine tuning of policy space increases, per cent from the economy showed signs of stabilisation can be said to bid farewell to the class of stagnation phase of economic cycle; the poor economic situation in the future is none other than low growth and low inflation is easing liquidity, good the cycle began to move to higher economic growth and lower inflation. A-shares rebound intermediate logicSo OK, suggested investors rebound since the beginning of the smaller industries and company annual reports, a quarterly high-performance growth. Current 2011 annual reports of listed companies to disclose peak, 2012 while a quarterly announcements have been expanded, has published a quarterly Bulletin notice in almost 150 companies, there is a loss in more than 40 companies or performance decline.Although a quarterly bulletin to "good news" singing the theme song, but many companies growth per cent appear to fall sharply in the first quarter, including many pre-number of company, so investors cannot ignore a quarter of "kill the performance".����Around the theme of the annual report, quarterly performance for the current period to the specific circumstances analysis for investors when you reference. Although the conclusion of the 2011 annual report has not yet been disclosed, but in 2012Announcements coming in the first quarter. For the fundamental investors, which is holding the enterprise's latest business trends as early as possible, adjust the judgment of important data on firm growth. So, the company continues to grow?����Which of these is more investment value? Industry, information gathered in high-growth data, throughout 2011 and 2012, a quarterly bulletinCome to a net profit of "double-growth" businesses temporarily to 87. Information technology and industry are two large gathering place, contributed 25 and 26 respectively. In addition, health-care contributions
tera power leveling, 12 optional consumption 10, materials industry contributed 9. Net profits rose to lower figures, increases the maximum daily consumption industries, 87.5%, butSince only 4 WINS in total, the data are not representative; as to the materials industry ranks second, average 68.86%.����WINS two of the largest number of industry, information technology growth is strong, average 47.51%, compared with industrial units with an average increase of only 25.29%. Some growth stocks have already jumped the leading the way higherGrowth is good, fried but if price is too high, but there are risks.����It is a pity that this 87 "double growth" after removal of 3 new shares in the company or 13.39% so far this year, compared with only 6.83% of Shanghai composite index rose. By sector, industrial units are "double-growth" stock performance in quite spectacular, 25 industrial stock average up 18.23%, including Daniel shares this year, rose 121.91% run share and rising cent of spark electronics. By contrast, growth rising faster overall but the information technology unit of 10.37%, not qiyan.����Daniel but there is also this year's information technology unit, so far this year, rose 61.12% of hyper-technology. DangSo, even in industrial stocks, there is still a lot of running and transportation to the market even down of stocks so far this year, such as Dragon source technology by 18.09% so far this year, weierli by 18.06%, many of these companies are listed on the last gem of new shares, price too high last year listed is the "debt". Compound stock earnings growth is simple just a factor indicator, Clearly insufficient to help us select the next "potential."����Being so, factor analysis was now a mainstream stock selection method. According to Zhejiang securities
tera power leveling, according to a research report: net profit growth of market value of free cash flow/Enterprise (P/FCF) return on invested capital (ROIC) combination of three factors of stock in the second half of 2004 to 2011 stock selection is the best in the first half.����Investors in the analysis of the "dual increase" companies may also wish to take into account the above-mentioned indicators. If the gains so far this year as the ruler, then P/FCF is a fundamental indicator of power. If simple is have a positive free cash flow of enterprises than to filter can be found, this rally NakaichiObvious preference shares with a positive free cash flow of enterprises
star wars credits, 43 stocks with negative cash flow rose an average of 10.7% so far this year, while 41 stocks with positive cash flow or 17.4% in the same period, positive cash flow value. In fact, the company often has a positive free cash flow growth momentum is also better, minimum net profit rose in the first quarter of theirAverage 51.21%, negative free cash flow of the company is 37.74%. However, the return on those assets strong so far this year, return on invested capital (ROIC) companies are not subject to market with high favor. Return on invested capital is higher than the 10% of the company so far this year, with an average return of only 9.9%, opposite those low return on invested capitalIn 10% 37 can get cent of return.����Of course, this could be associated with the industrial sector as a whole so far this year marketing all ages, 14, return on invested capital below cent of companies so far this year, average returns of up to 10%, while the remaining industry return on invested capital less than 10% no exceptional performance of the company. Of course,If we believe in good fundamental indicators of the company will have outstanding performance, believe zheshang securities-related research results will repeat itself in the future, you may wish to start with the "two rights" start with the other two are better. Data analysis shows that the blue cursor, songs, acoustics, medical, huace film, blue water, and Asian shares, Sun pharmaceutical industries, great China shares, youngFarming is relatively good. Of course, because disclosure announcements after all just a small part of the company, they may not be a leader to the indicators selected in the entire a-shares.
Others:
No comments:
Post a Comment