Securities Times reporter Hu Feijun
Under the frequent break of new shares, closing your eyes and making new profits will never come back. Some brokerages "rarely" suggested that investors give up purchasing new shares.
On April 12, 3 new shares of Ruide Intelligence, Haichuang Pharmaceutical and Weijie Chuangxin were listed, and there was a collective break in the opening market. As of the close, Weijie Chuangxin and Haichuang Pharmaceutical both fell sharply from the issue price.
Among them, Weijie Chuangxin, whose issue price is 66.6 yuan, is the biggest drop in the new stock break this year, reaching 36.04%. The investor has lost more than 10,000 yuan in the first sign, and there is an investment pain of "winning the lottery like a knife".
At the same time, new shares are still being "newly launched", and investors can subscribe for 6 new shares including CNOOC, Qingyan Environment, and Zhongyi Technology on April 12.
However, one brokerage gave investors a subscription proposal before the market opened: 4 of the 6 new shares can be abandoned.
The reasons for abandoning the purchase include: the issue price is too high, over-raised, and the price-earnings ratio is too high.
This has caught the attention of the industry.
On the one hand, under the registration system, after the market mechanism in the issuance of new shares comes into play, the performance of new shares is increasingly differentiated, and it is more and more common for new shares to break on the first day, which is conducive to the further survival of the fittest in the A-share market.
A brokerage executive said that the current high issue price, high price-earnings ratio, and unprofitable stocks are the "hardest hit areas" that broke on the first day.
In the future, the breakout of new shares will gradually become normalized, and it is not even ruled out that there will be cases where the issuance of new shares fails.
This means that some companies with significantly high price-earnings ratios will adjust their prices after listing, and investors will also embrace high-quality listed companies with reasonable price-earnings ratios.
On the other hand, with the frequent discovery of new stocks, the era of "laying and earning" by closing your eyes and opening new stocks in the past has come to an end.
This requires investors to think of valuable investment and be targeted; at the same time, it also provides market opportunities for institutions in the era of wealth management to serve customers.
In the past, brokerages relied on licenses to eat, and it seemed that they did not care too much about whether customers made profits or losses, but more concerned about whether customers had transactions, because there were commissions for transactions.
At the same time, securities companies and listed companies also have many business cooperation opportunities.
Therefore, limited by the "face" of listed companies, securities companies rarely make eye-catching reminders such as making investors give up purchasing new shares.
However, in the era of big wealth management after the new asset management regulations, the competition faced by securities companies is no longer just peers, but also banks, public funds, bank wealth management subsidiaries and many other institutions.
Whether it can be "customer-centric", accompany customers to grow, and be responsible for customers becomes the key factor for success in the era of wealth management.
At the same time, under the registration system, the number of new shares issued increases, and ordinary investors may not be able to screen many new companies one by one due to factors such as energy and professionalism.
This requires investment advice from professional institutions to tell clients what risks exist and help clients create value.
Therefore, it is also a professional highlight in the era of wealth management that brokerages recommend customers to give up "one-click new".