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Data:2009-12-12 2:34
Source: Chen Yong Chao Zheshang Securities
A bull market is a bull market, even in the bearish pressure, the index closed at actually rising again! As of closing index again reaching record highs. From Handicap observation, can be clearly found in the mainstream of big money are moving in attacks on three areas: 1. High Transmission and Distribution, 2.07 years, the pre-quarterly increase, 3. RMB appreciation of the real estate stocks.
First, analysis of high Transmission and Distribution, a feature of the biggest bull market in stocks is the high-Match in the looting rights and Tianquan! From today's disk can be seen, high-Transmission and Distribution has been funds varieties of crazy attacks! Chihong Zinc and Germanium daily limit, cloud within the power limit-limit-Shenyang Machine Tool, Lutai A limit-year-old Bao thermal limit-Yinjifazhan, Jiangsu Kaiyuan Match in a large number of species have appeared in high-rise standings.
The second 2007 quarterly pre-increase, recently published a quarter of such Yejiyuzeng Leshan Electric Power, Finance Street, JIN Jing science and technology, Jean-nickel industries are published a Niugu, limit-1.
The third is the biggest beneficiary of real estate appreciation of the renminbi, according to the latest news, following the April 3 yuan central parity rate, after breaking 7.73 mark, 5 yuan central parity rate hit 7.7268 again with a new high since the exchange rate reform. This means that entry since 2007, the yuan central parity rate set new records have been rewritten 20 times, while the cumulative appreciation of the RMB exchange rate reform has been close to 4.96%. Real Estate section also rose across the board, Lujiazui, Poly Real Estate, Finance Street, Overseas Chinese Town, Garden City, shares, etc. on behalf of both varieties out of the stock market sharply higher.
Emphasis on the analysis of real estate stocks, you can see the country this year, prices continued to generally rose. National Development and Reform Commission, according to latest figures show that in February, in 70 cities nationwide housing sales price rose 5.3%, or higher than in January down 0.3 percentage points, up 0.6% in chain, or unchanged from the previous month. With the accelerated appreciation of the yuan this year, foreign real estate investment on the Mainland to increase the many cases show that in the process of currency appreciation, the real estate boom are historical fate. Of land resources is becoming the most valuable wealth. With China Vanke, Poly enterprises are represented by the outstanding response to policy guidance, the creation of industry concentration degree of increase in history. Therefore recommended that the investment industry concentration during the rapid increase in beneficiaries.
Short-term perspective, the Mainland's richest man, Yang Yan-cited effects of storms Country Garden will also stimulate the real estate stocks. Country Garden Holdings This time in the global offering 2.4 billion shares, IPO price range set at 4.18 Hong Kong dollars to 5.38 Hong Kong dollars, to raise up to 12.912 billion Hong Kong dollars, setting a second-line property stocks in Hong Kong and the mainland of financing a new myth. At the same time, according to Country Garden Holdings 5.38 Hong Kong dollars ultimately the highest price, market value will reach 86.1 billion Hong Kong dollars, Yang Yan's money would be more than 51.2 billion Hong Kong dollars, more than 2006 Nine Dragons Paper (HK, 2689), Mr Cheung Yin, while China Women's richest man.
To sum up the hottest of the three main lines, the proposed focus on offensive combat 000002 China Vanke A: 10 to switch 5 shares themes with a high Transmission and Distribution. The first quarter of 2007 increased 50% -60% advance. Recognized as the market-leading effects of the most popular real estate stocks, excellent growth and liquidity is expected to be 100 billion of new funds Jiancang object, adjust the full after the main l Quotes worth looking forward to next week. Renowned research institutions, Hai Tong Securities in its latest research report that the next three years, Vanke net profit compound annual growth rate of up to 46, the current PEG of only 0.52, according to the current real estate market, a reasonable average level of 0.8 to calculate the PEG, 2007, the company should be a reasonable market price of 27.23 yuan. Even with the more conservative calculation of PEG is 0.7, Vanke is also a reasonable price should be 23.80 yuan. Comprehensive relative price-earnings ratio comparison, RNAV, and PEG such as valuation calculations, six-month target price of 23.80 yuan, from the current prices are still more than 30% of space to continue to give a "buy" rating.
Company's 15 million square meters of land reserves of ultra: As of the end of 2006, the company has obtained the planning of the project area a total of approximately 18.51 million square meters, of which the calculation according to the proportion of holdings in the planning of projects 15.36 million square meters. A total of 96 projects, 07 started the area and completed the annual plan covering about 6.37 million square meters and 575 million square meters. Actually started in 2006 completed the new area of 5.006 million level, completed an area of 3.275 million level. The formation of the long three continents, three continents, and the Bohai Pearl mainly to other regional economic center city of Wuhan, Chengdu, supplemented by the "3 + X" cross-boundary distribution. In January 2007 by the Shanghai Pudong into a mountain to build the five total surface 423,000 square meters (floor land 3050 yuan / sq). Smooth entry into the Shanghai Pudong District 3 Town new movie, with the completion of this acquisition, Vanke projects in the Shanghai area's reserves will reach 18, planning construction area of 1.98 million square meters, bringing the company in the Shanghai market as well as the Yangtze River Delta region, the project reserve the company will account for 10% of the total land reserves and 45%.
