20240324-山西证券-新股周报_3月创业板首日开板估值较2月下降_广合科技即将上市_15页_2mb

New Stock Market Summary: Week of 20240325-20240329

Market Overview

The new stock market showed declining activity, with 21 out of 6 months' worth of listed stocks experiencing positive weekly performance. Overall market sentiment was down, and the near-term valuation indices saw a drop in valuation multiples.

Performance by Board

Growth Enterprise Market (GEM)

• New listings: Jun Dingda had a high first-day premium of 27.99x, but the valuation trend declined from February, showing a return to normalcy.
• Weekly highlights: Sishuan Xincai and Shaanxi Huada surged in gains (+19.3% and +13.5% respectively), while others like Meixintech fell.

STAR Market

• No new listings in the past week.
• Valuations rose for newly listed stocks in March (+145.21% first-day涨幅 and higher PE ratios), but indicators show a retreat from extreme levels.

Main Board (沪主板)

• New listing: Xing Desheng with a high first-day premium of 34.39x, amid rising valuations.
• Weekly activity was mixed, with some stocks like Shengjing Micro gaining traction.

Key Recommendations

• Recent IPOs: Focus on Novastar Cloud (LED systems), Chengdu Huami (IC design), Etonic Material (electrochemicals), and Jin Yi Equipment (semiconductor tools).
• Upcoming Stocks: Watch Guang He Technology, expected March IPO with strong market potential in PCBs.
• Far-End Coverage: Include companies like Xindong Linkai (sensors), Arotek Data (database tools), and others listed in the report.

Risk Highlights

Investors face risks including stock price volatility, unmet earnings expectations, and general market system risks. Always consult the full report for details.