Click to view >>Three quarterly Daquan
The eve of the National Day holiday, the Shanghai Stock Exchange and the Shenzhen Stock Exchange website have announced the A shares in 2017 three quarterly disclosure timetable, October this week, two large chemical formally "played" the three quarterly "Overture," and with the three quarterly time window The official advent of many market point of view, the hot spot is expected to return to the three quarterly pre-growth plate, the three quarterly detonated the "Silver Ten Quotes" is likely.
Blue chip earnings disclosure more positive
Three quarterly 2017 "opening" work to the Shenzhen Stock Exchange Fangda Chemical Company, followed by the October 11, Shanghai and Shenzhen Bo Paper Paper, the flag of the group have also been unveiled, becoming the Shanghai Stock Exchange The first company to publish three quarterly results. Small plates of the company's "starting lineup" Guoyun shares, the three quarterly disclosure time for October 12, the GEM is relatively dependent, this week five thousand Yam Yasutaka and investors formally met (Figure 1). From the timetable, as of this Saturday, a total of 24 companies in Shanghai and Shenzhen three quarterly disclosure of the first completed.
Unlike the interim report (nearly 2 months in the period of disclosure) and the annual report (nearly 4 months in the period of disclosure), the 3 quarterly reports are similar to the 1 quarterly report, with a disclosure period of less than 1 month and the 2017 third quarterly report as required in October Preparation completed. However, A-share market earnings disclosure, consistently uphold the tight loose habits, is expected to be completed earlier than October 20 three quarterly disclosure of only 195 companies, and another 3185 companies are expected to be announced in late October Three quarterly results, and only on October 30, 31, the last two disclosure days, the company is expected to announce as many as 905, accounting for all of the pre-disclosed 26.78% of the company.
In addition to loose after the first tight, A shares of the company earnings disclosure there is another common convention that "beauties marry", just as outstanding candidates tend to be the first to complete the test questions and early handing in, the fundamentals of the company also likes to advance Complete the disclosure of earnings, and if poor performance, earnings disclosure period will be relatively later. As of Thursday, there are six companies in the market have disclosed the results of three quarterly, from the company's main financial indicators, total operating income and net profit all achieved year-on-year growth.
As Shanghai and Shenzhen "starting" companies, Fangda Chemical this quarter, total operating income rose 31.22%, net profit rose 187.82%. The reason for the increase was that the price of chemical products in the report period had a good trend. The sales prices of the Company's products increased greatly compared with the same period of last year, and the profit of the Company's main business increased more. On the other hand, the improvement of the management of the Company also boosted the profit. In addition, the current performance growth is more sturdy and Bohui Paper, benefit from the national environmental remediation and supply-side reform and other factors, the company's main product sales price rose over the same period last year, third quarter net profit YoY Surged 469.6%. At present, six companies that have announced the results of three quarterly reports are mostly driven by endogenous growth. Statistics show that the growth rate of non-net profit of the four companies surpassed that of the net profit year-on-year At present, only Sanmao School God received notice of tax matters from the Local Taxation Bureau of Lancang City during the reporting period and the Company was exempt from the land value-added tax of 58.59 million yuan through the transfer of land use rights. As a result, Company profits have been whitewashing. Although the growth rate of China's boulders is slightly lower than the growth rate of net profit, the difference is small, and the Company mainly realized its performance growth by its own operation during the reporting period.
Focus on the forthcoming three quarterly endogenous growth company
From the historical experience, the three quarterly earnings in the fourth quarter of the year in a more important position, if the performance of listed companies better quarterly three quarters, then the annual performance of the company to maintain growth is basically a high probability event. Except for the companies that completed the disclosure of the third quarter this week, the remaining 171 companies that are expected to release their third quarterly reports by October 20, although the official third quarterly and investor needs to wait until next week, 114 of them have been announced in advance Three quarterly results notice, the first three quarters of this year's net profit can be explored.
From the type of advance notice, 97 of them were pre-annuled with a year-on-year increase of 85.09% in pre-growth, slight increase, profit-taking and turnaround respectively. In addition, there are also 16 companies with pre-cut, slightly reduced, continued loss, the first loss and other means of different types of net profit to worry about, at the same time, the notice of gold solid three quarterly profit and loss of the company's profit and loss is uncertain. But the absolute proportion of pre-hi company, still shows the A-share market generally follow the "good news ahead of schedule, delay the disclosure of bad news" law.
Of the companies that will release their three quarterly reports next week, the performance forecast shows that 70 of them now have a net profit up more than 30% from the same period of last year; 54 companies expect their net profit to grow by more than 50% over the same period of the previous year; 34 companies' Achieve doubling growth. Expected to be announced on October 17 Tianshan shares net profit growth is expected to be the most anticipated, due to sales in 2017 than the same period last year increased sales, the first three quarters of this year net profit up 6138.52% over the previous year. The same performance pre-increase in more than 10 times the company also Chengzhi shares, Jinfu Technology, Xuefeng Technology, Langzhong shares, the Three Gorges new material, but growth reasons, not all benefit from the growth of its main business, except Tianshan shares, Xuefeng Technology Benefited from the macroeconomic impact, the Group's product sales volume increased and its gross profit margin increased over the same period of the previous year. The Company stepped up its financial management and the third quarter belongs to the peak season for the Company's business. The Company's performance is expected to grow rapidly. By comparison, although Chengzhi, Jingfu, Langzhong and Sanxia New Materials also expected substantial growth in their net profit during the reporting period, the reasons for the increase are inseparable from the acquisition of Nanjing Chengzhi Clean Energy Co., Ltd. ; Disposal of land and houses of subsidiary Dongguan Jinfu Diqi Electronics Co., Ltd. resulted in gains from disposal of assets; the Company's compensation for requisitions completed in the third quarter was completed in the third quarter; and Shenzhen Hengbo Commercial Chain Co., Ltd. was included in the merger of Sanxia New Materials Statements and other non-operating income due. In contrast, investors are advised to pay more attention to companies that have continued to improve on their own operating results (Table 2).
Two main lines into the market mainstream point of view
With the gradual disclosure of the three quarterly reports, the current should pay more attention to those stocks that have not yet skyrocketed growth stocks, especially the three quarterly results to the good or expected good company. The investment theme, the market most optimistic about the two main points of view. First, the direction of new energy vehicles superimposed IOT and artificial intelligence-related industrial chain; Second, the future A-share market is expected to emerge a number of new technology giants, especially in the construction of 5G-based artificial intelligence, Internet of things, no There are opportunities for applications such as people driving new scenes.
From the performance forecast, the current new energy automotive sector has announced 26 advance notice of the performance of the three quarterly, the schedule shows that is expected to October 27 announced three quarterly public Zotye with 1016% of the pre-increase for the current new energy vehicle stocks However, the reason for this is mainly because the Company completed a major asset restructuring and acquired 100% equity of Yongkang Zhongtai Automobile Co., Ltd. by way of issuing shares to purchase assets, resulting in a substantial increase in net profit of the Company. In contrast, the same is expected to October 27 announced three quarterly reports Hong Te precision performance growth is more stable, from January to September 2017, the parent company and a wholly owned subsidiary of Taishan steady growth in revenue, and with With the further release of production capacity, the production efficiency has been enhanced and the emergent delivery due to shortage of production capacity has been effectively alleviated. As a result, the cost of sales expenses and administrative expenses have been reduced, and the overall profitability of the Company has been enhanced. Meanwhile, in the first three quarters of this year, the Company's newly established wholly-owned three wholly-owned subsidiaries in Dongguan have commenced operations. For instance, no major changes have taken place in the Internet financial market environment. The operating businesses of the three wholly-owned subsidiaries in Dongguan will rapidly grow, driving business performance The substantial growth. Performance forecast shows that the company's third quarter net profit rose about 383.46% ~ 412.99% over the previous year. Currently, 26 new energy vehicles in the three quarterly results notice, a total of 16 results year on year pre-hi (Table 3).
At present, the hottest 5G stocks in the market are 19 hotshots of the three quarterly announcements as of Thursday, of which, the top three quarters of the nine pre-hi results (Table 4). Japan's sea is expected to grow the most robust communications, 63 million yuan to 65 million yuan net profit growth compared to the same period last year was about 397.19% ~ 444.55%, a substantial increase in company performance, mainly due to the second half of the three major telecom operators Investment by China Mobile, China Telecom, China Unicom and China Tower in their communications network infrastructures will remain high, and the market demand for product sales and communications engineering services is still strong.
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Nuggets three quarterly report >>>
With the official opening of the three quarterly results announcements of the listed companies in Shanghai and Shenzhen, the search for investment opportunities around the three quarterly reports has become the focus of attention of investors. According to statistics from Securities Daily Market Research Center, as of yesterday, a total of 1,342 companies in Shanghai and Shenzhen disclosed preliminary notice of the 2017 third quarterly results, with 1021 companies pre-hi performing, accounting for 76.08% of the total. Among them, 234 companies reported three quarterly results are expected to double. Today, this article special from the industry attributes, market funds and institutional ratings, and other three aspects of the merits of the above 234 Merit white horse carding analysis to readers.
Steel and other top five blue-chip stocks get together
According to statistics, Securities Daily Market Research Center found that as of yesterday, a total of 1,342 companies in Shanghai and Shenzhen disclosed preliminary notice of the third quarterly results of 2017, with 1021 pre-hi companies accounting for 76.08% of the total. Among them, 234 companies reported three quarterly results are expected to double.
Industry properties, 234 three quarterly results are expected to double the company to get together mainly in the iron and steel, non-ferrous metals, electronics, building materials, mining and other top five industries (SWS level), the industry's third quarter results are expected to double the number of companies in the industry It has been disclosed that the proportion of the total number of advance notice in the three quarterly reports is in the top 46.67%, 37.78%, 26.17%, 25.00% and 25.00% respectively. The performance is expected to double. The number of the companies reaches 7, 17, 28, 10 and 6 respectively Family. Not difficult to find, steel, non-ferrous metals, mining and other three types of cycle industry performance is expected to double the company accounted for a higher proportion.
Steel industry is more typical. Up to now, 15 steel companies have disclosed the notice of the performance of the three quarterly reports. Pre-performance companies have reached 14, while the performance of the three quarterly newspapers is expected to double to 7, accounting for nearly 50% of the total. Specifically, Ling Steel is expected to 2017 results in the first three quarters reported a year-on-year growth of 7121.00%, Anyang Iron and Steel, followed by the third quarter of 2017 is expected to report a year-on-year growth of 612.25%, the new shares (443.57%), Companies such as Minmetals (260.00%), Fangda Steel (204.36%) and Bengang Steel Plate (132.16%) expect the net profit attributable to parent company to increase by 100% in the third quarter of 2017 over the same period of last year.
Investment strategy, Tianfeng Securities said that the performance of the steel sector continued to improve the three quarterly results, the current plate main callback by sentiment and other factors, the industry fundamentals continued to improve, the callback process is the layout of opportunities. Recommended targets: Nangang, Angang Steel, Baosteel and others.
69 blue-chip stocks sought after
According to statistics, Securities Daily Market Research Center found that of the 234 stocks that are expected to double their triple-quarter results, 155 stocks rose since October, accounting for nearly 70% of the total. In addition to outstanding new shares listed in September Dai Lai New Materials outstanding performance, Branch constant shares (24.31%), the gold medal cabinet (13.53%), Gansu Dianzi Investment (12.79%), Pearl River Holdings (12.29%), Xiamen International Trade %), 7 Yi Dongzheng (10.64%) and Livzon Group (10.32%) are expected to triple in triple-quarter results are cumulative gains since October have also been above 10%.
Since October, among the above blue chip stocks, a total of 69 stocks realized a net inflow of large-cap funds during the reporting period. Of which, the net inflow of large-capped single funds during the period of 34 stocks was above 10 million yuan. BOE A (412.797 million yuan ); Xiamen Guomao (222.6487 million yuan); Tahua New Materials (165.9213 million yuan); Shanghai Electric (118.1249 million yuan); Gansu Dianzi Investment (66.7497 million yuan); Pearl River Holdings (60.9076 million yuan) Million) and other stocks most favored by the main market funds, during the cumulative large single-capital net inflow exceeded 50 million yuan.
As the above blue chip stocks in the mid-month net inflow of individual stocks, BOE A10 month since the cumulative rise of 7.50%, the company expects the first three quarters of this year's largest net profit up 4520.74% year on year. Tianfeng Securities estimated that the company's net profit from 2017 to 2019 was 8.21 billion yuan, 11.74 billion yuan and 15.28 billion yuan respectively, corresponding to earnings per share of 0.24 yuan, 0.34 yuan and 0.44 yuan. At present, the market is gradually recognizing the OLED business growth of the Company. Therefore, the target price of the Company is raised to RMB5.28 and the "Buy" rating is maintained.
83 blue-white Merit is optimistic about the agency
According to statistics, Securities Daily Market Research Center found that among the above 234 three quarterly newspapers, there are 83 stocks in the blue chip stocks that are expected to double in the last 30 days. Companies that have obtained optimistic ratings such as "buy" or "overweight" from them.
In particular, Keheng shares (14), Sun Paper (11), Luxi Chemical (9), BOE A (7), Sunshine Power (7), Daqin Railway (6) In the near term, eight companies including mine capital (5) and Fangda Special Steel (5) have all enjoyed collective optimism. In addition, stocks that are favored by 3 or more institutions include: Really miss you, JingSheng Mechatronics, Hengyi Petrochemical, East YiSheng, Livzon Group, the United States of America Health, Antarctic electricity supplier, cross-border pass, Kai Ying Network, Guoen shares, Waihai shares, Lingnan Garden, New Century shares , Ling Steel shares, the new shares, Dongshan Precision, Anyang Iron and Steel.
From the agency to give the highest target price point of view, two three four five, Sheng Tong shares, Beibu Bay Brigade, Dongshan Precision, Minmetals Capital, Ophelia Light, Daqin Railway, Lingnan Garden, the Union, Shaanxi Black Cat and other stocks the latest closing Compared with the highest price target given by institutions in the past 30 days, there is still more than 40% of the upside.
Among them, Keheng shares in a total of 14 institutions were given "buy" or "overweight" and other bullish ratings, the latest closing price of 80.29 yuan, the company expects this year's third quarter net profit up 2553.81% year on year, is expected to achieve net Profit 135 million yuan to 155 million yuan. For the stock, Essence Securities expects the company from 2017 to 2019 net profit of 207 million yuan, 293 million, 362 million yuan, the company where the market continued to boom, the layout obvious advantages, outstanding growth; given "Buy-A Investment rating, six-month target price of 100 yuan. (Source: Securities Daily)
According to statistics, as of October 10, Shanghai and Shenzhen have 856 companies preemptively increased, this figure is relatively clear pre-cut the number of companies nearly 4 times. In the pre-increase of listed companies, the electronics industry is the highest concentration of three quarters winner of the region. "Daily Economic News" reporter noted that the first batch of companies to disclose the three quarterly stock price most of the recent upside moves. In this regard, there are many agencies that, compared with previous years, performance and valuation will be the key to grasp the three quarterly market this year.
Three quarterly increase of more than 60% of the company
Although the three quarterly and quarterly reports do not have to go through a certified public accountant audit, but the market has always been the attention of the three quarterly newspapers is much higher than a quarterly. Zhu Bin, chief strategist at Southwest Securities, told the Daily Economic News reporter that in general, the results for the third quarter have a strong guiding significance for the annual performance.
The three quarterly reports of all the listed companies in Shanghai and Shenzhen will be fully disclosed on October 31, judging from the distribution of the disclosure time of the three quarterly newspapers, the three quarterly reports clearly show the characteristics of less than before and more. According to statistics, three quarterly reports of over 90% of the listed companies in the two cities will be disclosed in the last week of October starting from October 23, and especially in the two days from October 30 to 31, over one quarter of the companies in the two cities will get together Released three quarterly reports. By October 23, only 290 companies had officially announced their third quarterly reports, less than 10% of all A-share listed companies, including 23 companies that disclosed their third quarterly results this week.
In the three quarterly disclosure curtain opened on the eve of the two cities have been a lot of listed companies disclosed three quarterly results notice. According to statistics, as of October 10, there are 1,340 companies in both cities issued three quarterly notice, which clearly 856 companies pre-increase, accounting for 63.9%, of which there are 83 companies to make up the loss; a clear pre-reduction Of the companies have 220, of which the first loss of 42 companies.
According to statistics, as of October 10, 222 companies on the third quarter of this year's performance pre-growth rate of more than 100%, accounting for all the pre-increase in the number of companies a quarter. Among them, the three quarterly earnings growth report than the sharp increase and are not affected by non-recurring gains and losses, the company has Tianshan shares, Hong Precision, Sunflower Pharmaceutical, Shaoguan Songshan, Dongshan Precision, Precision Measurement Electronics, Section Lu Electronics, King Hing Paper, Sansteel Minmetals, Zhongtai Automobile, KaiYing Network, Zhiyun, Palm, Zhonghe Science and Technology, Suning Cloud Business, Zhujiang Holding, Ningbo East Force, Mengshi Technology, Beixin Group, Bus Online, Yi Still show, Kangtai Biology, New Fiber Technology, Sunshine Power, Li Ang technology, the sea communications, Kaiyuan shares, Chengzhi shares, Gansu Dianre and so on.
According to statistics, the chemical, machinery, electronics, three major industry become the most concentrated quarterly winner of the industry. As of October 10, Electronics is the largest company with the highest number of pre-sales growth in the three quarterly reports. Up to 95 companies surged in the industry, accounting for 10% of the total number of pre-growth companies. The pre-increase in the machinery and chemical industry The number of companies reached 83, 73 respectively. Other industries with more pre-growth companies include electrical equipment and pharmaceuticals. The number of pre-growth companies reached 59 and 48, respectively. SWS pointed out on October 10 that the quarterly quarterly disclosure quarter could focus on the three quarterly earnings growth potential of the industry in the second quarter, mainly including the photovoltaic, semiconductor, cement, white spirit and new energy automotive industry chain and the third-quarter oil prices Rising chemical sector.
"King of performance" or the key market
"Daily Economic News" reporter noted that the first batch of companies to disclose the most recent quarterly three quarterly upside share price movements, including the three quarterly results expected better China Boulders, flag shore group, Sanmao God, Chishan medicine, North New Building Materials and other stocks recent gains significantly, three quarterly market ready to come.
According to statistics and reporters found that in recent years, the three quarterly market in October and the performance of listed companies in the third quarter performance correlation is not high. Excluding the new shares listed from September to October 2016, out of the top 100 companies in the two cities, 34 reported three-quarterly negative growth year-on-year; in October 2015, 46 of the top 100 companies in the two cities rose, Three quarterly results for the year-on-year negative growth; excluding the listing of new shares from September to October 2014, the two cities rose the top 100 companies, 43 three quarterly results for the year-on-year negative growth.
This year's stock price performance and performance of the degree of correlation has improved over previous years. Excluding new shares, most of the top 100 companies in the first three quarters of this year were cyclical stocks with high performance and reversed performance. Only 11 companies recorded negative growth in the interim report this year, of which 3 were non-performing Positive growth year-on-year. In addition, excluding July-August IPO, in August this year, the mid-year report, the two cities rose top 100 companies, only 24 companies reported a negative year-on-year growth performance, compared to 2016 This figure is 34, in 2015 this figure reached 51. Excluding new shares, the mid-year report in August this year, the two cities rose top 200 companies, 49 companies reported mid-year report negative growth year on year, this figure was 73 in 2016, this figure in 2015 Up to 95.
For how to grasp the three quarterly quotes, "Daily Economic News" reporter interviewed a number of agencies, most of these agencies believe that compared with previous years, performance and valuation will be the key words of the three quarterly market this year. Zhu Bin, chief strategist at Southwest Securities, told the Daily Economic News reporter that the three quarterly quotations can lay a solid foundation for the steady growth in the performance of the industry and the leading companies with large industrial space may also be concerned about the emerging industry companies with better performance forecasts in the sub-new shares. Wang Jun, chief strategist at CRE, believes that the three quarterly disclosure focuses on consumer and financial stocks and can deploy some good growth stocks to gain flexible returns. (Source: Daily Economic News)