我们倾向于把 ST 吉化看作一个类似“买入期权”的投资品种,20 倍动态PE所对应的5.8元应该是市场可以接受的股价底线,当前股价较5.8元的股价底线尚有8%的空间;如果公司被香港某财团收购,或得到特殊的政策性安排,在5.8元上方存在获取巨大超额收益的可能性。 We tend to think of ST Jihua as a similar “buy option” investment products, 20 times the dynamic PE corresponding to 5.8 yuan should be the market can accept the bottom line of the stock, the current share price of 5.8 yuan lower than the share price is still 8% Of the space; if the company was acquired by a consortium in Hong Kong, or get special policy arrangements, there is the possibility of obtaining huge excess returns above $ 5.8.