5月(yue)27日晚間,工業(ye)富(fu)(fu)聯(lian)(富(fu)(fu)士康(kang))公(gong)(gong)布了(le)IPO網下(xia)發行配(pei)售以及定向(戰略)配(pei)售結果(guo)。富(fu)(fu)士康(kang)打新(xin)“盛(sheng)宴”終于塵埃(ai)落定。相對(dui)而言,公(gong)(gong)募基金申購(gou)態度謹慎,網下(xia)配(pei)售報價較為保守。業(ye)內人士表(biao)示(shi),在“獨角獸”概念被熱(re)炒、公(gong)(gong)司估值(zhi)(zhi)不斷(duan)提(ti)升時(shi),投資者需回(hui)歸理性(xing)、秉持價值(zhi)(zhi)投資理念,關注(zhu)公(gong)(gong)司的基本面以及成長性(xing)是(shi)否足以支(zhi)撐其(qi)估值(zhi)(zhi)。
公募申購謹慎
公告顯示,工業富(fu)聯(lian)戰略配售(shou)(shou)設(she)定了12個(ge)月、18個(ge)月、36個(ge)月、48個(ge)月四檔鎖定期,但(dan)仍(reng)受到包括中央匯金、中國人壽、BAT、東(dong)方明(ming)珠等在內(nei)的(de)20家機構(gou)投(tou)(tou)資者追捧,戰略配售(shou)(shou)資金約(yue)81.35億元。值(zhi)得注意的(de)是,工業富(fu)聯(lian)的(de)網下配售(shou)(shou)也(ye)設(she)定了鎖定期,其中70%的(de)股(gu)份(fen)將鎖定1年。這一規定讓(rang)部分機構(gou)投(tou)(tou)資者有所顧慮,網下申購熱情下降。
申萬宏源研報(bao)(bao)(bao)指出,工(gong)業富聯的(de)(de)網下配售報(bao)(bao)(bao)價對(dui)象(xiang)共3321個(ge),其中有效(xiao)報(bao)(bao)(bao)價對(dui)象(xiang)2794個(ge),分別為今(jin)年以(yi)來(lai)已(yi)發(fa)新股(gu)網下報(bao)(bao)(bao)價對(dui)象(xiang)均(jun)值(zhi)的(de)(de)57.5%、50.1%。公募(mu)(mu)社(she)保和(he)基本養老(lao)金的(de)(de)申購飽和(he)度僅21%,遠低(di)于(yu)今(jin)年已(yi)發(fa)新股(gu)的(de)(de)平(ping)(ping)均(jun)值(zhi)98.7%,一般投資者的(de)(de)飽和(he)度95%,盡管(guan)較高(gao)但仍低(di)于(yu)今(jin)年平(ping)(ping)均(jun)水平(ping)(ping)。此外,六類機構(gou)報(bao)(bao)(bao)價加權平(ping)(ping)均(jun)值(zhi)14.03元(yuan),低(di)于(yu)全部加權平(ping)(ping)均(jun)值(zhi)14.42元(yuan),其中公募(mu)(mu)基金更是低(di)至13.75元(yuan)。研報(bao)(bao)(bao)認為,公募(mu)(mu)申報(bao)(bao)(bao)特別謹慎,除了考慮到公司估值(zhi)水平(ping)(ping)、成長(chang)空間等因素(su),對(dui)潛在中簽(qian)率相對(dui)較高(gao)的(de)(de)預期也推動公募(mu)(mu)執行風控要求以(yi)避免(mian)“超標”。
某私募(mu)研究員(yuan)(yuan)指出,工(gong)業(ye)(ye)富(fu)(fu)聯(lian)(lian)作為(wei)(wei)(wei)電子設備產(chan)品制造服(fu)務商,在國內智能(neng)手機(ji)行(xing)(xing)業(ye)(ye)發展增速趨緩(huan)的(de)情(qing)況下,部分機(ji)構出于對行(xing)(xing)業(ye)(ye)空間的(de)顧慮,對工(gong)業(ye)(ye)富(fu)(fu)聯(lian)(lian)未來的(de)業(ye)(ye)績增速持較為(wei)(wei)(wei)謹慎(shen)的(de)態(tai)度(du),同(tong)時受鎖定(ding)期(qi)設定(ding)影響,網(wang)下配售報價(jia)較為(wei)(wei)(wei)保守。某券商自營研究員(yuan)(yuan)則(ze)認為(wei)(wei)(wei),工(gong)業(ye)(ye)富(fu)(fu)聯(lian)(lian)作為(wei)(wei)(wei)相關領域的(de)龍頭(tou),行(xing)(xing)業(ye)(ye)地位優勢(shi)明(ming)顯,在合理市(shi)盈率下進行(xing)(xing)網(wang)下申購(gou),雖然有(you)鎖定(ding)期(qi)限制,但依舊具備一(yi)定(ding)的(de)吸引力。
中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)聲(sheng)明(ming):凡(fan)本網(wang)注(zhu)明(ming)“來(lai)源:中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)券(quan)(quan)報·中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)”的所有作品(pin)(pin),版權(quan)均屬(shu)于中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)券(quan)(quan)報、中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)。中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)券(quan)(quan)報·中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)與(yu)作品(pin)(pin)作者(zhe)(zhe)聯合聲(sheng)明(ming),任何組織(zhi)未經(jing)中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)券(quan)(quan)報、中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)以及作者(zhe)(zhe)書面授權(quan)不(bu)得轉(zhuan)載(zai)、摘(zhai)編(bian)或利用其它方式使用上述作品(pin)(pin)。凡(fan)本網(wang)注(zhu)明(ming)來(lai)源非中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)券(quan)(quan)報·中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)的作品(pin)(pin),均轉(zhuan)載(zai)自其它媒體(ti),轉(zhuan)載(zai)目的在于更好(hao)服(fu)務讀者(zhe)(zhe)、傳遞(di)信息之需,并不(bu)代(dai)表本網(wang)贊同其觀點,本網(wang)亦不(bu)對(dui)其真(zhen)實性負(fu)責,持異議者(zhe)(zhe)應與(yu)原出處單位主張(zhang)權(quan)利。
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