在經歷前期(qi)的持續快速下跌之(zhi)后，創(chuang)業板(ban)(ban)指數的殺跌動能(neng)明顯放緩，使得部分投資者看到其(qi)中超跌反(fan)彈的希(xi)望，近期(qi)加大(da)融(rong)(rong)(rong)(rong)資買入力度(du)。統計顯示，創(chuang)業板(ban)(ban)共有34只(zhi)兩融(rong)(rong)(rong)(rong)個券(quan)，截(jie)至11月13日，11月份以來，期(qi)間融(rong)(rong)(rong)(rong)資客(ke)累計融(rong)(rong)(rong)(rong)資買入創(chuang)業板(ban)(ban)兩融(rong)(rong)(rong)(rong)個券(quan)的額度(du)達(da)818648.18萬元(yuan)，期(qi)間融(rong)(rong)(rong)(rong)資客(ke)累計融(rong)(rong)(rong)(rong)資償(chang)還(huan)額度(du)達(da)793093.95萬元(yuan)，期(qi)間創(chuang)業板(ban)(ban)兩融(rong)(rong)(rong)(rong)個券(quan)共獲得25554.23萬元(yuan)的融(rong)(rong)(rong)(rong)資凈買入。

昨日滬(hu)深兩市大(da)盤(pan)繼續震蕩上行，創(chuang)業(ye)板也走出反(fan)彈(dan)行情，創(chuang)業(ye)板指數(shu)報收1249.67點(dian)，漲(zhang)幅3.1%。從昨日的盤(pan)面來看，創(chuang)業(ye)板內(nei)部賺錢(qian)效應繼續恢復，當日正(zheng)(zheng)常交易(yi)的334只創(chuang)業(ye)板個股(gu)中(zhong)，有320只實現上漲(zhang)，其(qi)中(zhong)176只個股(gu)漲(zhang)幅超過3%，太空板業(ye)、立(li)思辰、華(hua)誼(yi)嘉信、云(yun)意電氣、天山生物(wu)、先鋒(feng)新材、億通(tong)科(ke)技、藍盾股(gu)份、開(kai)元(yuan)儀器、東土科(ke)技、任子行、美亞柏科(ke)、北(bei)京君正(zheng)(zheng)、瑞豐高(gao)材、荃銀高(gao)科(ke)、華(hua)伍(wu)股(gu)份、華(hua)誼(yi)兄(xiong)弟(di)、騰(teng)邦(bang)國際、新文化、安(an)利股(gu)份等個股(gu)大(da)漲(zhang)逾8%。

值得(de)(de)一(yi)提的(de)(de)(de)是，在(zai)經歷前期的(de)(de)(de)持(chi)續快速(su)下跌之后，創(chuang)業板(ban)(ban)(ban)指數(shu)的(de)(de)(de)殺跌動(dong)能明顯放緩，使得(de)(de)部分投(tou)資者(zhe)看到其中超跌反(fan)彈的(de)(de)(de)希望，近(jin)期加大融(rong)資買入力度(du)(du)。統計顯示，創(chuang)業板(ban)(ban)(ban)共(gong)有(you)34只(zhi)兩(liang)融(rong)個券(quan)，截至(zhi)11月13日(ri)，11月份以來，期間融(rong)資客(ke)累計融(rong)資買入創(chuang)業板(ban)(ban)(ban)兩(liang)融(rong)個券(quan)的(de)(de)(de)額(e)(e)度(du)(du)達818648.18萬(wan)(wan)(wan)元，期間融(rong)資客(ke)累計融(rong)資償還(huan)額(e)(e)度(du)(du)達793093.95萬(wan)(wan)(wan)元，期間創(chuang)業板(ban)(ban)(ban)兩(liang)融(rong)個券(quan)共(gong)獲(huo)得(de)(de)25554.23萬(wan)(wan)(wan)元的(de)(de)(de)融(rong)資凈買入。

從具體個券來看(kan)，一些創(chuang)業(ye)板兩融個券已經擺脫10月份(fen)(fen)遭(zao)融資凈(jing)流出的態(tai)勢，共(gong)有21只創(chuang)業(ye)板個股(gu)獲得凈(jing)融資買入，它們分別(bie)是華(hua)誼兄弟(6915.27萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、樂視網(6228.62萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、神州泰岳(4358.57萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、網宿(su)科(ke)技(ji)(4115.58萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、易華(hua)錄(3569.69萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、蒙草抗(kang)旱(2835.36萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、東(dong)方財(cai)富(2801.43萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、富瑞(rui)特裝(2576.39萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、湯臣倍健(jian)(2562.99萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、萬(wan)(wan)(wan)(wan)邦達(2399.38萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、掌趣科(ke)技(ji)(1983.64萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、華(hua)平股(gu)份(fen)(fen)(1487.6萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、匯川技(ji)術(1465.71萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、盛運(yun)股(gu)份(fen)(fen)(1182.74萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、開山股(gu)份(fen)(fen)(863.2萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、萬(wan)(wan)(wan)(wan)達信(xin)息(764.45萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、中青(qing)寶(707.25萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、上海凱寶(662.1萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、億(yi)緯鋰能(454.37萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、長信(xin)科(ke)技(ji)(69.97萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan))、愛爾(er)眼科(ke)(39.57萬(wan)(wan)(wan)(wan)元(yuan)(yuan)(yuan)).

比較典型(xing)的(de)(de)(de)(de)是華誼兄弟，截至11月13日，11月份(fen)以來，融資(zi)客累(lei)計凈買入6915.27萬(wan)元，公(gong)(gong)司(si)是國內(nei)惟一(yi)一(yi)家(jia)將電(dian)影(ying)、電(dian)視和(he)藝(yi)(yi)人經(jing)紀三大業(ye)(ye)(ye)務(wu)板(ban)塊實現(xian)有效整合的(de)(de)(de)(de)傳(chuan)媒(mei)企業(ye)(ye)(ye)，包括音樂(le)的(de)(de)(de)(de)創作、發(fa)行及衍生(sheng)業(ye)(ye)(ye)務(wu)，影(ying)院的(de)(de)(de)(de)投資(zi)管理運營(ying)業(ye)(ye)(ye)務(wu)，是業(ye)(ye)(ye)內(nei)產業(ye)(ye)(ye)鏈最完整、影(ying)視資(zi)源最豐富的(de)(de)(de)(de)公(gong)(gong)司(si)之(zhi)一(yi)。公(gong)(gong)司(si)將全(quan)力(li)構建(jian)綜(zong)合型(xing)娛樂(le)媒(mei)體集團，努力(li)成為“中國首屈一(yi)指(zhi)的(de)(de)(de)(de)影(ying)視娛樂(le)傳(chuan)媒(mei)集團”的(de)(de)(de)(de)總體發(fa)展目標。公(gong)(gong)司(si)目前(qian)業(ye)(ye)(ye)已建(jian)立了包括王忠(zhong)軍、王忠(zhong)磊、馮小剛、顧(gu)長衛(wei)等在(zai)內(nei)的(de)(de)(de)(de)一(yi)批優秀的(de)(de)(de)(de)影(ying)視業(ye)(ye)(ye)經(jing)營(ying)管理和(he)創作人才隊伍，同時(shi)擁有包括李(li)冰(bing)冰(bing)、鄧超、張涵予等著名藝(yi)(yi)人在(zai)內(nei)的(de)(de)(de)(de)國內(nei)最強大的(de)(de)(de)(de)簽約藝(yi)(yi)人隊伍，這構成了公(gong)(gong)司(si)突出的(de)(de)(de)(de)人才優勢，也是公(gong)(gong)司(si)的(de)(de)(de)(de)核心(xin)競爭力(li)之(zhi)一(yi)。

對(dui)此，業(ye)內人士指(zhi)出，在(zai)經歷前期的(de)持續(xu)快速下跌(die)之后(hou)，創業(ye)板(ban)指(zhi)數的(de)殺跌(die)動(dong)能(neng)明(ming)顯放緩，融資客抄底的(de)行為對(dui)上述個股(gu)的(de)企(qi)(qi)穩(wen)發揮了明(ming)顯作(zuo)用，不過這種企(qi)(qi)穩(wen)或只是(shi)暫時(shi)的(de)。廣發證券的(de)一(yi)位分析師表示，在(zai)改革紅利持續(xu)釋放和(he)美國股(gu)市創新(xin)高(gao)的(de)帶(dai)動(dong)下，創業(ye)板(ban)近(jin)期可(ke)能(neng)會有(you)小幅反彈(dan)，但是(shi)整(zheng)體(ti)調整(zheng)的(de)過程還沒有(you)結束。從估(gu)值(zhi)上看，華誼(yi)兄弟等(deng)創業(ye)板(ban)的(de)權重股(gu)的(de)市盈率還是(shi)偏(pian)高(gao)，后(hou)市反彈(dan)高(gao)度有(you)限。

還(huan)要提醒投資者的(de)是，創(chuang)業(ye)(ye)板(ban)還(huan)有潛在(zai)的(de)再融資需求，這是重大的(de)隱性利空(kong)。創(chuang)業(ye)(ye)板(ban)自2009年(nian)(nian)7月(yue)開板(ban)、10月(yue)30日首批掛牌上市，至今(jin)(jin)已四(si)年(nian)(nian)多，上市公(gong)司(si)再融資制度(du)始終處于空(kong)白。統計顯示，截(jie)至今(jin)(jin)年(nian)(nian)上半年(nian)(nian)末，355家(jia)(jia)創(chuang)業(ye)(ye)板(ban)公(gong)司(si)中(zhong)，現金及現金等價物為(wei)負的(de)已有303家(jia)(jia)。另外，14家(jia)(jia)企業(ye)(ye)的(de)募集資金已使用(yong)完畢，64家(jia)(jia)使用(yong)比例超(chao)過80%。相比之(zhi)下，截(jie)至今(jin)(jin)年(nian)(nian)上半年(nian)(nian)，355家(jia)(jia)創(chuang)業(ye)(ye)板(ban)公(gong)司(si)僅有7家(jia)(jia)通(tong)過非公(gong)開發行公(gong)司(si)債的(de)方式(shi)融資19.8億元。

原文(wen)：//finance.eastmoney.com/news/1344,20131115337821075.html