&Nbsp Was Issued At A High Price; 17 GEM Stocks Broke.

As of January 10th, 17 GEM stocks were in a state of breakage.

Release price earnings ratio goes out of V curve.

Statistics show that since the launch of gem at the end of 10 in 2009, the issue price earnings ratio of GEM stocks basically showed a "high low high" V type.

In October 30, 2009, the first 28 GEM companies listed on average were 56.60 times earnings.

Among them, Ding Han Technology (300011, stock bar) and Bao de stock (300023, stock bar) issued price earnings ratio of 82.22 times and 81.67 times, which was high above the sky at that time.

The lowest is Shanghai Jia Hao (300008, stock bar), with a price earnings ratio of 40.12 times.

The second batch of 8 companies listed on GEM was listed in December 25th of that year. The price earnings ratio of the companies rose rapidly. The average price earnings ratio of the 8 companies reached 83.59 times, which was 47.69% higher than that of the first companies.

In 2010, the gem continued to expand steadily, and there were several dozen new issue listings every month.

The number of new shares issued in June was at least 4, while in August it was the largest, with 16.

On the whole, the price earnings ratio of GEM listed companies in 2010 has shown a trend of falling and rising again.

Among them, the average price earnings ratio of the 7 new shares listed in July was 48.99 times, the lowest level in the whole year, and the 12 new shares in December contributed 92.06 times the average issue price earnings ratio, which was the highest monthly IPO ratio since the launch of the gem.

After entering 2011, gem's high price issue intensified, and 5 listed in January 7th.

High price issue 17 shares breaking

In the past six months, the earnings growth rate of GEM has been rising steadily, reflecting the enthusiasm of the primary market for gem.

However, the impact of high price issuance on the price of the two tier market can not be ignored.

Statistics show that in the current 158 GEM stocks, the latest price (after the resumption of power) relative to the issue price rose more than 100% of 22, but there are 17 shares embarrassed "break."

For larger companies, the latest price of stocks of 22 companies, such as robots (300024, stock bars), rose by more than 100% relative to the issue price.

Among them, robots, Pathfinder (300005, stock bar), Ji Feng Agricultural Machinery (300022, stock bar) rose by 246%, 240%, 237% respectively.

Of the 22 stocks, 15 are the first of the first listed companies to be listed on the gem, apparently related to the first day of the market.

Statistics show that the price earnings ratio of these 22 stocks is not more than 90 times, and the average issue price earnings ratio is 59.15 times.

Xinwei communications (300136, stock bar) issued the highest price earnings ratio, 85.35 times.

According to the latest price, Netac gem (300042, stock bar) and other 17 GEM stocks are in a "break" state.

Among them, the latest price of Netac technology, Hengxin mobile (300081, stock bar) and Ningbo GQY are 24.23%, 22.56% and 17.48% respectively.

Among these 17 stocks, there are both Anju and Zhendong pharmaceutical companies listed in January 7, 2011, and also the Zhongke electric (300035, stock) listed at the end of 2009.

Statistics show that the average price earnings ratio of 17 stocks is 66.90 times, and the highest Zhongbao Bao (300052 shares) is 93.75 times.

Analysts pointed out that the recent breakup of gem is mainly caused by the excessive issue price. Although GEM companies still have high growth expectations, some companies have overdrawn their future performance, and the pressure of lifting the ban has never been alleviated significantly, so investors should be cautious.