Jiangsu Expressway 600 377 afternoon pulled a fast start from the bottom of the potential s Money T

Category: Money tips Release Date: 2005-12-20

Source: Far East Securities

Jiangsu Expressway (600,377): The company is China's road sector assets, the largest listed companies. Ning Shanghai mainline reconstruction project successfully completed and opened to traffic, the company's various businesses a comprehensive upgrading of core revenues increased 80 percent in the first half, net profit growth of 65%.

Company's operating areas are located at the Yangtze River Delta of China's economy the most dynamic economic regions. At present, the company managed more than 700 kilometers in total length, total assets of 24.6 billion. Core assets are Jiangsu section of Shanghai-Nanjing Expressway, Shanghai-Nanjing also has a secondary road in Jiangsu Province, Xicheng high-speed, Kwong Ching-speed, high-speed, Nanjing Ning Lian Duan, Sujiahang Jiangsu Jiangyin Yangtze River Bridge section and all or part of its interest. With the release of the Yangtze River Delta economic vitality of the powerful, as the Yangtze River Delta, the main highway managers, the company room to grow big.

Expressway affect the performance of the company's most important assets in 2004 when the four-lane section of Shanghai-Nanjing expressway due to the increase in traffic, some slow-moving vehicles, overloading or maintenance of roads, so that traffic speeds much lower than the design speed, reduction in the level of road, it is difficult to meet the southern region of Jiangsu and Shanghai to connect the traffic demand. Approved by the State Development and Reform Commission, the company invested 10.54 billion yuan expansion of the road sections will be expanded into a four-lane two-way eight-lane. From the long-term development perspective, with the Jiangsu Expressway expansion project completed, traffic, Shanghai-Nanjing Expressway greatly enhance the quality of the road, more than double the traffic capacity and service area to more than double the eight-lane pavement structure to improve the operational costs would be further reduced. In addition, car ownership, Jiangsu Province, the continuing rapid growth, but also will allow the company to face a good external environment for business. Data show that 05 the end of civilian vehicles, Jiangsu Province, has reached 1.9225 million, compared with 2004, up 19%, of which the volume of private car ownership in a net increase of 312.3 thousand a year, the total has reached 1.0943 million, compared with growth in 2004 nearly 40%. The external environment the company will be more conducive to development of the company.

According to the Ministry of Finance, the State Administration of Taxation, "passage of vehicles on the road venture fee income business tax policy, notice", the company toll highway vehicle operating income tax rate from 5% to 3%. Company's operating performance is expected to rise substantially.

Secondary market: The company is a sample of stocks in Shanghai and Shenzhen 300 Index, with a total capital of 50 million, while circulation of only 198 million of equity, is in addition to Sinopec leveraging the role of great things on the index stocks. With the approaching of stock index futures because of the unique capital structure will become a scarce resource. The Unit The Unit pre-pre-substantial correction, Xi Pan full, and are now at the bottom of the area. Has gradually climbed, volume substantially enlarged afternoon pulled a fast start from the bottom of the Quotes of the possible, should focus on.

Historical Information: G-Ning Hu (600,377): a strong all the way up, eruption Quotes from starting May 15, 2006

Source: Wuhan New Rand

G-Ning Hu (600,377) is a realization of China's highway industry's only three US Shanghai and Hong Kong listed companies, the company operating areas are located in China's most economically dynamic Yangtze River Delta region, the company's core assets are the Shanghai-Nanjing Expressway Jiangsu Section, in addition to Ning Road, Shanghai, Jiangsu has a two paragraph, Xicheng high-speed, Kwong Ching-speed, high-speed, Nanjing Ning Lian Duan, Sujiahang Jiangsu Jiangyin Yangtze River Bridge section and all or part of its interest, managing more than 700 kilometers in total length, total assets of 24.6 billion billion, is China's highway sector assets, the largest listed companies.
In 2004, when four-lane section of Shanghai-Nanjing expressway due to the increase in traffic, some slow-moving vehicles, overloading or maintenance of roads, so that traffic speeds much lower than the design speed, road reduction in the level of service, it is difficult to meet the southern region of Jiangsu and Shanghai connected traffic demand. Approval by the State Development and Reform Commission, G-Ning Hu decided to invest 10.54 billion yuan expansion of the road sections will be expanded into a four-lane two-way eight-lane. As the Shanghai-Nanjing Expressway Jiangsu Section of Shanghai-ning is the G-core assets, its operating revenues accounted for 60% of the company's total revenue is about the expansion project will inevitably affect the traffic volume of the section, and therefore affected the performance of Shanghai G-ning. From June 2004 the expansion project began, the vehicle access is limited, average daily traffic volume from the expansion of pre-35088 / day reduced to 20882 / day.
With the continuous expansion project earlier this year completed, G Ning Shanghai in 2006 faces a substantial increase of performance opportunities. As of the end of 2006, 2, Shanghai-Nanjing expressway traffic flow restored to the extension of the previous level in February, the entire flow section 36000, while the average daily flow in 2006 to reach 40000 after the expansion of the Shanghai-Nanjing expressway At the regional road network in the dominant position has been consolidated, locational advantages, even more clearly. At present Shanghai-Nanjing Expressway greatly enhance the quality of the road, more than double the traffic capacity of the service area has expanded to more than double the eight-lane road to improve the structure would further reduce operating costs, G Ning Shanghai will greatly enhance the profitability of .
K-line from a week to see, G Ning Shanghai since 2004 began to build a summer in history the bottom of the test a low at 5 yuan a number of occasions near the bottom and shape withstood a severe test. Since then no matter how bad the market trend, the stock did not fall back to the bottom of the following. Stock reform, the new flow of chips actively traded quickly gathered in the main Kongpan hands. Zhou KDJ and RSI indicators are in low-value areas in urgent need of effective redress. The K-line two weeks there is no doubt that even the yang to address the indicators of departure from the recovery of rally is underway. From the Japanese K-line portfolio of view, the stock price of the stock right after the completion of reform, effective against the market risk of a correction. Formed near the price shock in the 5.3 yuan sideways situation. Japan KDJ value in the bottom of the completion of Jin Cha, is gradually diverge, stock prices would soon start sign is obvious. The strength of today's stock all the way up, the closing session is an even bigger single pulled, eruption Quotes from start!