With the Spring Festival holiday approaching, the frequency of new stock listings slowed down, as of the close of business on January 13, this month's cumulative listing of a new stock and a new stock on the NSE, and next week (January 16 to 20) as the last week of the Lunar New Year, the A-share market is also the only one Ovodan Egg Industry, a new stock proposed to be listed on the NSE.
Egg industry leader to be listed, the issue price of less than 3 yuan
It is reported that the Ovodan egg people are mainly engaged in the egg liquid, egg powder, and all kinds of egg pre-products research and development, production, sales, the company's customers, including Unilever, EVERYTHING, HENN'S, Yum Group (KFC), and other international food giants, 85 degrees C, Christie, Paris, Beetle, Yuanzu, Ajinomoto, and so on. Betty, Yuanzu, Ajinomoto, Goodwill and other bakery industry giants, as well as well-known food manufacturers such as Tao Li Bread and Yasui Foods. The fund-raising, the company will be used for the technical renovation project of the production line of pre-made egg products, egg liquid and egg products, the project of increasing the annual production capacity of 15,000 tons of egg products processing project, as well as replenishing working capital.
The listing, Ovodan egg industry issue price is low, only 2.5 yuan / share, the issue of price-earnings ratio of 23.3 times, compared with the industry price-earnings ratio of 34.32 times is also significantly lower. In terms of performance, from January to June 2019 to 2022, the company's non-deductible net profit was -1,304.5 million yuan, 52,817.7 million yuan, 21,318.2 million yuan and 20,207.4 million yuan respectively. The fluctuation of operating performance indicators is mainly due to the fact that eggs as raw materials accounted for up to 80% of the company's main operating costs, the price of these raw materials by the supply and demand and its upstream feed cost changes and other factors, fluctuations in the magnitude of large.
Currently, the international poultry market continues to be affected by overseas avian influenza, many countries culled more than ten million birds, affected by this, overseas retail prices of eggs soared. However, due to the shorter shelf life of eggs, which can only be preserved for 15 days in winter at room temperature, and therefore the transportation distance for export is restricted, some analysts expect that the impact of overseas avian influenza on domestic egg exports is expected to be relatively small. At present, the gradual optimization of the domestic epidemic prevention policy, food and beverage consumption is gradually improving, coupled with the demand for eggs has a clear seasonal, the annual Spring Festival is the traditional peak season for consumption, the domestic demand side of the egg market is expected to be significantly boosted.
NSE mood cooling, pay attention to the low stock opportunities
Since December last year, the NSE new stock market continues to cool down, as of the close of business on January 13, its listing of 33 new shares, only Cinnabar Medical, Grier, Kampo Chemical, Kaihua materials, four stocks rose on the first day, the first day of the break rate of more than 80%, and December last year! 23rd so far there is no first day up new shares. Among them, three auspicious science and technology fell 29% on the first day, at the top of the list of decliners, Hua Guangyuan sea, Zhejiang Danong also both fell more than 20%, Maiden Science and Technology, Penlang new material, Hengli drilling, Hefei Gaoke and other 7 shares fell more than 10% on the first day.
From the subsequent performance of these new stocks, in addition to the Kampo chemical against the market rose significantly, most of the rest of the Beijiao new shares in the first day of pricing continued to weaken. Open Source Securities pointed out that, with reference to the pace of listing of the Science and Technology Innovation Board and the registration system of the Growth Enterprise Market (GEM), the listing of the NSE in 2023 is expected to be 140-150. 2022Q4 NSE issuance speed enhancement, the muck contains a lot of low valuation high-growth markers. NSE 50 weight top 10 accounted for 67.33% of the total market capitalization, the waist component of the Q4 turnover rate leading. Index of the head of large-capitalization representative stocks and waist low valuation of specialized new bring low gold opportunities.
Can pay attention to the subject matter, open source securities that, from the perspective of the components of each grade, the North 50 components of the weight of the top 10 contains Jilin Carbon Valley, Betray, Liancheng numerical control, such as the North Stock Exchange within the large-capitalization, high-growth representative of the subject matter, is the main source of investment opportunities in 2023. At the same time in the weight ranking 11 ~ 30 of the constituent stocks with a number of attention to the growth of higher certainty of the segment leading specialized new "small giants" enterprises, such as Jiaxian shares, the same share of science and technology, the ball crown cable, Keda Self-control , etc., the valuation level is in a low position, 2023 In 2023, the valuation level is in a low position, 2023 has a strong value revaluation may bring investment opportunities.