Nine Mu Wang Listed A Shares To Add Billions Of Families

Following

After that, there is "

"The king of nine herdmen will be officially listed on the Shanghai Stock Exchange today.

Although at the beginning of the listing,

One after another came out of allegedly whitewashing financial data, and the chairman was suspected of family equity disputes and other scandals, but most securities companies cautiously optimistic about the performance of the stock.

It is worth noting that

More than 90% of the shares are controlled by family members. Chairman Lin Congying and his family members will have a total market value of up to 10 billion 205 million yuan.

Today, the Shanghai stock market will usher in nine herding king, the company's main business.

And other clothing products, known as the "industry".

"

According to the announcement, the A share capital of nine Mu Wang is 573 million shares, of which 96 million shares are listed on the market today. The issue price is 22 yuan / share, corresponding to the P / E ratio of 35.03 times.

It is worth noting that more than 90% of the company's shares are controlled by Chairman Lin Congying and his family members, and family members occupy majority seats in the board and management.

The prospectus shows that there are six shareholders in the company. Among them, except for the 0.6468% stake in Jinshi investment, which is not directly related to Lin Congying, the remaining five shareholders, including investment in nine Mu Wang, Shun Mao investment, wise investment, platinum investment and Chi cube investment, have direct or indirect "family" relationship with Lin Congying.

That is to say, with the listing of the stock market today, with the valuation limit of 22.53 yuan / share, the total market value of Lin Congying and his family members will be as high as 10 billion 205 million yuan.

about

On the first day of listing, most investors thought there might be a break.

Someone asked the question: "shareholders meeting is a family gathering. Is it not easy for a company to fake data?

I dare not buy such a stock at a lower price.

Another investor said: "after the failure of the listing in Hongkong, the money that comes to the mainland is really false. If the negative news of the company is really false, I will not be optimistic if the family is rich in color and the performance is not very bright. It is estimated that the first day will fall below 20 yuan."

Compared with the pessimism of the investors, the views of the securities companies are much more active. The ratings given by many agencies to the nine kings are all "buy".

Haitong Securities believes that with the recognition of business casual men's clothing and business marketing efforts, business casual men's wear will maintain growth momentum, and the company's future price cap will be 26.10 yuan.

Northeast Securities also gave rise to 30% of the stock price rising space. "As of 2010, the total market share of the nine trousers Market was ranked first in the country for 11 consecutive years. The company is now in the fast growing stage of the men's wear industry, and the space of the two or three line cities is huge.

The company's reasonable price range should be between 25.20 and 29.70 yuan.