Chapter 666 (1/2)
Denise Entertainment Group's share price miracle on the first day of listing attracted too much media and public attention, leading to some events that should be very eye-catching. According to the first quarter financial data released during the IPO period of Denise entertainment, on the day of listing on July 1, Denise Entertainment Group's share price reached us $4.775 billion, with a total market value of US $112.8 billion and a price earnings ratio of 43 times.
The price earnings ratio of more than 40 times is very common in the US stock market at this stage.
However, most of them are small and medium-sized enterprises with high growth, such as danielis entertainment, because there is not much room for growth, and the P / E ratio is generally low, and few of them are more than 30 times.
General Electric, which has been ranked second in the market value list of Listed Companies in the United States after danilisi entertainment went public, has a recent P / E ratio of only 19 times.
Under normal circumstances, the market is too fanatical on the first day of listing, and there will be a callback in the future.
Originally, everyone thought that in the new week, due to the cooling of the market mood, the share price of dannilis entertainment would turn to fall. However, due to the unexpected success of Forrest Gump, the stock market opened on July 5. Dannilis Entertainment's share price began to rise again because of the rapid increase of market demand after suffering from a number of big selling.
In order to thoroughly consolidate the phenomenal viewing effect, Simon indicated on Friday that Amy Pascal's additional $10 million publicity budget would be launched quickly. The popularity of Forrest Gump was further spread in the media and public groups, which greatly boosted the capital market's confidence in Denise entertainment.
As a result, on the Monday when many institutions began to ship slowly when the book profit was very rich, because of the strong demand of the capital market for Denise entertainment stock, the share price of Denise entertainment did not show the expected correction on that day, but rose by 1.3% again. On that day, the closing share price was $48.375, and the market value further reached $114.3 billion .
In the following three trading days, affected by the further spread of the watching trend of Forrest Gump, the share price of Denise Entertainment Group also continued to rise.
Finally, at the close of July 8, the share price of Denise Entertainment Group has reached a high of US $50.25, the P / E ratio has further reached 45 times, and the total market value of the group has reached US $118.7 billion.
In just four trading days from Tuesday to Friday, Denise Entertainment's share price has increased by 5.2% compared with the closing on the first day of listing on July 1. For a giant enterprise with a market value of 100 billion US dollars, every percentage point increase is very rare.
On the other hand, from July 1 to July 7, the first seven days of the first week, of the three blockbuster new movies on Friday, Forrest Gump, which was originally the least favored, finally made us $53.45 million in the first week's box office, second only to Batman: the rise of the dark knight.
At the beginning of the lifting of the word-of-mouth ban, the media had different opinions on Forrest Gump. For the audience, this seemingly absurd film, however, hit the heart in many ways.