Category: Money tips Release Date: 2006-02-21
Source: Kim Merrill Lynch Investment
Qingdao Double Star (000,599): the company since 2000, through the holding, absorbing a consolidated basis, the White Qingdao Huaqing Industrial Group, has entered the tire manufacturing business. In recent years, the company continued to introduce advanced production and management of the world's tire technology and all steel radial truck tire production project, the successful implementation of the company in 2006, after allotment, relying on the capital market for financing of about 110.78 million yuan, all put to the radial 2 project, In addition, the company also completed the restructuring of Dongfeng tire acquisition. So far, the company took only five years, and replace the domestic tire industry leader position, and the present, G Double Star break tire production capacity of 10 million units of its industry leading position tire king no substitute. Tire industry rose steadily within the next few years, the pattern is expected to continue to maintain the company as an industry leader, a broad space for development.
Recent real estate stocks strongly sought after by the market, and the company's appreciation of the concept of a potential real estate market was ignored. Jiaonan company in Qingdao city and has approximately 2000 acres of land and 400,000 square meters factory. With the 10 million tons of petrochemical refining, LG settle aromatic and other large petrochemical projects, Qingdao, Qingdao City, the value of industrial land increased significantly. Future Jiaozhou Bay Bridge is completed, the company finds itself the land Jiaonan Huangdao of Qingdao Development Zone and the transport distance of the old urban area will be greatly reduced, Qingdao Double Star Jiaonan and development zones in the vast amount of land will further appreciate, the company thus also with the recent hot market, appreciation of the renminbi subject.
A major shareholder in the share reform program promised, the future reduction of net assets per share price of not less than twice the current company's net assets per share 2.21 yuan, meaning that the price reduction will not fall below 4.42 yuan, and the present stock is only 2 yuan more than that is its future arbitrage space for at least 50%, and a broad imagination.
The secondary market, the stock has long been at the cabinet finishing among the large cap with bullish than a sharp contrast, and the company in terms of texture, or from the subject point of view, there was sufficient room for digging, demands a strong compensatory growth. The Unit recently formed at the bottom of the bottom of the long red three soldiers ordered to show the multi-is eager to get out the bottom of the market outlook is expected to substantial upside market, can focus on.
