Vigilance Against This Year'S Market Withdrawal Tide

According to statistics, as of the first three quarters of 2011, there were 31 *ST companies in two cities.

According to the three quarterly report in 2011, although most of the above 31 companies have expected restructuring, only *ST Changchun nine, *ST Taihua, *ST Portuguese and *ST 4 companies are expected to restructure their losses through the announcement. *ST, Songliao or will rely on subsidies to protect the shell, *ST titanium dioxide, *ST science and technology, *ST earth, *ST deflation, *ST light cavalry, and *ST 6 companies are straightforward: it is expected that 2011 will be full year loss.

The remaining 20 companies are mostly vague about "uncertainty because of restructuring", but "no significant improvement in company management" is found in almost every household's report, which seems to have nothing to do with restructuring.

At the same time, management supervision in 2011 was further strengthened. The Commission issued a decision on Revising the relevant provisions of major asset restructuring and supporting financing of Listed Companies in May, which made the "rotten shell" of less than 20 million profit in 2 years turned into a bubble. In November of the same year, the Shenzhen Stock Exchange issued the plan to improve the delisting system of gem, which made it more stringent to resume the listing standards.

Zhou Xi, a Bohai securities strategy researcher, said that although the gem delisting system will not be implemented on the main board in the short term, the main board delisting system will gradually improve and the convergence of gem is expected to have an impact on ST shares with delisting risks.

Professionals believe that the existence of delisting risk shares are divided into two categories: *ST and suspension of listing. * ST shares are affected by the gem delisting system. Once the company's business condition has not fundamentally improved, they will be suspended immediately. However, before suspending the paction, the market can still be avoided by borrowing or regulating non recurring gains and losses.

Historical experience shows that, facing the delisting of ST shares themselves have great uncertainty, "crows change Phoenix" is common, but this year is very different from before. With the opening of the annual report, the first "assessment" is coming soon after the crackdown. This year's ST delisting tide needs to be highly vigilant.