Data:2009-12-12 2:34
Category: Money tips Release Date: 2007-04-26
Laiwu Steel (600,102 market, information, reviews, search) stock since September 19, 2006, after up to 4 months after the suspension of the share reform resume trading on the 18th. August 28, 2006 Laiwu Steel and investors to communicate through the announcement of the finalization of the share reform program, to retain the "Major Holders + faction is now" in its price model. According to the final program, for every 10 shares of stock outstanding non-tradable shareholders will receive a paid shares and 10.84 million in cash, to pay the equivalent of the price of the outstanding shares for every 10 shares were sent to 3.0 shares.
S & P Steel and Laiwu Steel is an excellent steel products with both iron and steel enterprises, at present have the iron, steel, wood comprehensive production capacity of 6 million tons, the main products are represented by medium and small H-beam profiles, in order to gear steel and bearing steel as led a special high-quality steel and rebar, billets, such as carbon steel, Laiwu Steel to Raise Funds, more than 11 billion yuan to build the company's product advantages - H-beam to become pillars of the profits of Laiwu Steel. With the Laiwu Steel production capacity 2 million tons of large H-beam production line on stream in September 2005, not only filled the domestic blank, and Laiwu Steel H-beam production capacity sizes of 350 million tons of market share in the H-beam rate as high as 58%, at present has become the largest, most complete varieties and specifications of the H-beam leading enterprises.
Guoxin Securities analyst Chung Dong-young is expected to steadily this year, steel prices, higher gross margin Laiwu Steel steel in the main business income accounted for the increase. Projected 2006 earnings per share 0.83 yuan, in 2007 the performance will be steady growth. Company's share price at current iron and steel stocks on average 10 times price-earnings ratio compared to at least 100% of the upside. Maintain the "recommended" investment rating.