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新股板块或步入休整周期,重视业绩和性价比
Huajin Securities·2025-03-30 15:04

Group 1 - The new stock sector is likely entering a consolidation phase, emphasizing performance and cost-effectiveness [1][12] - The average decline of new stocks listed since 2024 is approximately 3.5%, with about 23.8% of new stocks showing positive returns [1][30] - The semiconductor equipment sector experienced significant events, but external catalysts are losing effectiveness, indicating a potential shift in the active cycle of new stocks [1][12] Group 2 - Short-term focus should be on cost-effectiveness, particularly for new stocks that have undergone sufficient consolidation and show stable growth expectations [2][12] - Long-term investments should consider sectors like robotics, AI, and self-controllable technologies, which are expected to remain active [2][12] - Upcoming new stocks include China Ruilin and Taihong Wanli, which are set to be listed soon [3][35] Group 3 - Last week, three new stocks were available for online subscription, with an average issuance P/E ratio of 17.6X and a subscription success rate of 0.0241% [4][23] - The average first-day gain for new stocks was approximately 207%, indicating a slight decrease compared to previous weeks, while the average secondary market return was -9.3% [4][28] - The average P/E ratio for new stocks listed in March was 21.1X for the ChiNext board, 42.6X for the Sci-Tech Innovation board, and 17.2X for the main board [13][23] Group 4 - The report suggests a cautious approach as the new stock sector may face increased volatility due to upcoming earnings releases [1][12] - Specific stocks to watch include Suzhou Tianmai, Top Yunong, and Laplace, which are considered to have strong performance potential [43] - For mid-term investments, stocks like Nairui Radar and Jun Dingda are recommended for potential opportunities [43]