Category: Money tips Release Date: 2007-02-10
Source: Hong Kong and Macao Information Author: Lu Wenting
Lanzhou (600,296): The company is one of the top ten aluminum producers, the company 150,000 tons aluminum technology projects early in 2007 commissioned by mid-2007 and gradually to reach capacity, the company electrolytic aluminum production capacity will be expanded in 2007 doubled to 310 thousand tons. Chalco, as the largest shareholder of the only producer of alumina and the largest primary aluminum producer, will be to provide two units of its internal price to the demand for 80% of the alumina long single. To solve the company's alumina supply of major raw materials and reduces costs. Secondary market trends, the recent turnover to maintain a stable amplification, the market outlook is expected to continue upside, it is recommended attention.
Historical Information: Lanzhou (600,296): the main force of the market outlook is expected to gain his "privatization" hot topic even more fierce pulled launched June 6, 2006
Source: New Era Securities Author: White Jiankang
Tuesday, "the Oriental Morning Post" disclosure "Sinopec Shanghai Petrochemical Company intends to buy back high-priced A shares" news making waves in the market, while the market re-inspired "privatization" concept stocks pursuit passion! Pre-owned subsidiary of Sinopec Yangzi Petrochemical its, Qilu Petrochemical, Shenli, Zhongyuan oil and gas prices to consolidate the initiatives brought to the market we have witnessed a doubling of money-making opportunity. With the integration movement in the second Sinopec will soon commence, believe that the market of hot money will never give up sniping in the market, "privatization" of subject shares in order to gain profit from the opportunity to burst! One with the privatization of the expected Lanzhou Aluminum (600,296) should be focused.
The company's largest shareholder Aluminum Corporation of China. China Aluminum is preparing for listing, as with its subsidiary, Shandong Aluminum and Lanzhou Aluminum listed exist between the intra-industry competition and the related-party transactions, Chalco and Sinopec are facing similar problems, the need for its integration of public resources , and the most simple and direct way is to buy back all of the shares, and then listed as a whole. Does not matter whether the cash buy-back or convertible form, all these will provide a good opportunity for the market. The two units (600,296) as the best of Al's one of the subsidiaries is also a leading enterprise in the domestic electrolytic aluminum sector, net assets per share up to 5.382 yuan, apparently with the most likely to be in the aluminum "privatization "The qualities!
Would now focus on analysis of the Lanzhou Aluminum's opportunities: Lanzhou advantage of shares is not yet changed, and Baotou Aluminum, Guanlu shares has been completed share reform, Jiaozuo Wanfang ongoing share reform. As the aluminum is only 28% of the shares held by two units, if they go into stock reform process, even sending two shares for every 10 shares, its stake will drop to 20.7%. The cost of the company access to up to 5.053 yuan from 6.851 yuan, apparently not willing to enter the stock aluminum reform program. Lanzhou Aluminum electrolytic aluminum production capacity at present is 16 million tons, while the issuance of project completion in 2004 will reach 3.1 million tons, became the ranking of the electrolytic aluminum production enterprises, at the same time supporting power plant construction will enable the company's cost advantage more apparent. The cost of electrolytic aluminum enterprises are mainly electricity and alumina and aluminum in the entry allows the company access to more favorable and stable long-alumina single guarantee the completion of the plant makes the cost of electricity to become controllable, the company's performance will gradually rise, and against risks was clearly enhanced. The company is also actively expanding production capacity of aluminum, aluminum production line being the transformation to completion aluminum processing capacity will increase to 6 million tons, while production capacity has also been enough, but has access to the (self - power plant), medium (aluminum), lower (aluminum) relatively complete industrial chain, compared with a single electrolytic aluminum production and market competitiveness will be significantly enhanced. ALUMINUM due to implementation of joint venture, the cost per ton of aluminum can be reduced about 25%, equivalent to the economic value of about 4,000 yuan. Configuration directly from the liquid aluminum alloy aluminum ingots, energy consumption per ton of 337 degrees can save electricity, reduce the loss of 1.3-2.4% aluminum, equivalent to the economic value of 550, economic benefits are clear.
After the macro-control in the aluminum industry, the entire industry, well clean-up, some small enterprises have been eliminated, the entire industry's profitability is gradually restored, while the downstream industry, demand for electrolytic aluminum, it should be is now the acquisition of aluminum a more favorable business opportunity, if the aluminum as the market is anticipating to start buy-back program, I believe that the aluminum will give full consideration to the advantages of two units, because once into the share reform program, 20% of the shareholding ratio of the aluminum for the obviously is not enough, while more than 30 billion of funds invested can control 310,000 tons of electrolytic aluminum production capacity, both in the short term or long-term development view are quite cost-effective, because even without considering the time value of building the same scale The manufacturing plant also costly. There is no doubt that if a subsidiary of Al want to be "privatization" of the case, two units will be their first choice! This adds an unlimited imagination for this unit.
Trend, the stock front row pulled heavy volume, the main force of the powerful strength and aggressive approach in the market are all amazing! Recently, on-line sideways around 5,10 poised to full, the main market outlook is expected to gain his "privatization" hot topics started more fierce pulled up, focusing on.
