First, this is a stock market with China characteristics, which was established for the purpose of extricating state-owned enterprises from difficulties, so it cannot be compared with western valuation standards;
Second, we should make a horizontal comparison and look at the average P/B ratio and P/E ratio of all loss-making companies before we can say which one is higher.
Third, if it is really found to be ridiculously high, there must be a demon. If there is anything unusual, it may be an opportunity.
000657 loss-making stocks, why is the stock price so high? Although 000657 is a loss-making stock at present, it does not mean that it is not good in the later period. There are so many fund companies that investors pay attention to it. If you want to know, go to 000657' s "Corporate Events, Shareholders' Research".
Why are listed companies so hot when the stock price is so high? This question should actually be reversed.
It is because of the heat of speculation that the stock price will be high. If the speculation is lukewarm, then the stock price is relatively low.
As for why the speculation is hot, of course, it is to make money and attract more people to be receivers.
Why do listed companies lose money? The first thing to pay attention to is the company's performance, but if you look at the fundamentals, most stocks are losing money. I remember I wrote it the year before last. I have seen their performance when I worked in companies and factories before. The reasons for the loss are as follows:
One: Management loopholes
Appear in the price cost and quality acceptance of purchasing raw materials, there is considerable oil and water above the buyer or manager. Unqualified high-priced materials have come in, and it is strange that the cost will not increase.
Two: financial false accounts
There are two accounts in finance, one for internal verification and the other for tax evasion. Even the number of employees is falsely reported, and the salary receipt is also false. They all signed a few with notebooks. Then by the end of the year, the company was losing money on the accounting statements, but in fact, the company's internal accounts were profitable. A low-cost piece of furniture can earn several times by painting and putting on makeup. Not to mention the profits of chemical plants. According to insiders, the profits are at least 50% and the highest is 200%-400%.
Three: the talent problem
Really talented people are useless.
A truly loss-making company cannot have cash flow. As long as it runs well every year, the company will at least make money.
Reasons for the company's losses. However, its stock has gone up, depending on what kind of company it is and the reasons for its losses.
For example, growth enterprises, because operators are optimistic about the company's development in the next year, think that increasing investment will increase the return in the next year, so they increase their investment in that year. It is difficult to recover the profit from the investment in that year, so it is a "loss" on the book, but in fact, the company's assets have expanded and the profit is likely to increase. This price increase is normal.
Others will be analyzed in detail.
Why did GF Securities lose its highest share price? Obviously, there is something wrong with your stock software data or the relevant sections have not been updated. 000776 was successfully listed on the original Yanbian Highway due to the recent share reform. In the past, Yanbian Highway used to be an st stock, but now it can be said that it is very different from the past after the backdoor.
On the same day, the company announced a significant loss in performance. Why did the stock price go up instead? If you can judge whether a stock is going up or down just by looking at its performance, isn't it too easy to copy shares?
There are many factors that affect the price of a stock, not just performance.
Factors affecting stock prices include:
1。 Changes in the company's profitability, such as making more money or losing money.
2。 Other fundamental changes of the company, such as the change of boss, more loans, improvement or deterioration of assets and liabilities, etc.
3。 Whether the overall environment of the stock market is bull market or bear market, with more funds than stocks or stocks than funds.
4。 Some human factors, such as manipulation, or buying or selling in large quantities.
Wait a minute.
The P/E ratio is temporarily unavailable, and all listed companies are losing money. Why has their share price been rising? If there is a banker, it will go up, which has nothing to do with performance. . .
Why do so many listed companies suspend trading today in order to avoid further decline, and simply suspend trading?