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Data:2009-12-12 2:34
Source: Tai Fook Investment Authors: Chen Zhaorong
Vanke's way has stimulated a new high quality stocks such as real estate investment real estate, Asia Standard construction, gold's strength in real estate, while pre-hype of the Jinfeng Investment and other "subject shares" are still more than fall. It seems that real estate stocks in a series of bad policy, bad for the baptism of the incident, the sand falls, gold or a dazzling light! October 26 Qixia Construction Company Limited (Qixia Construction 600,533) Finance Department to preliminary estimation, expected 2006 net profit up 50% or more in-depth study found that Qixia Construction (600,533) can be regarded as property shares were outstanding , the 11th consecutive year in Nanjing area and the amount of commercial housing sales champion in 2004, the company's earnings per share and net capital gains rate in the forefront of the real estate section in 2005, two indicators rank the first section is worthy of the name of the regional real estate leader , when the investment real estate, real estate and other real estate stocks Poly lofty, scaled new heights when the indicators are ranked top of the Qixia undervalued real estate stock is clearly far! Tomorrow, the ICBC listing market as a result appears to hang back, just give investors the best time to buy low. Qixia building also has directed issuance of the recent hot topics! At present the non-public offering of shares to start work, the recent issuance of shares of directional light, such as Yang, Tai Yuen, etc. Once the public issuance of success, accompanied by a significant stock price are pulled, perhaps equally inevitable Qixia building!
By the macro-control of real estate companies with minimal impact
The New Deal in May this year after the introduction of real estate, real estate can be described as stressful. For this series of policy would help the industry operating environment have a profound impact, the study found that the main real estate Qixia Construction Development to small and medium-family oriented and actively participate in government Teacher housing construction, Reconstruction of the Village, the new urban construction, small and medium-family residential products account for 52% of the total project ploidy. Meanwhile, the construction in Nanjing Qixia completed 10 million square meters of residential, 20% of affordable housing, teachers, space, and re-building. able to adapt to the current situation of industry regulation is the least affected by the macro-control real estate company! For this reason, even if subject to the macro-control, corporate real estate sales achievements of this year, has completed sales of more than 1.2 billion settlement this year, the other main real estate there is no problem entering the second half, the company will add the East-day project into the county settled seawood oasis, Yun Jin-US land and waterfront projects such as Maple to continue to carry-over, performance will still be substantial growth! The company and holding subsidiaries in Nanjing, Suzhou, Wuxi, the project construction area of the reserve more than 300 million square meters, according to the current selling price estimates, reserve and construction of the project is expected to achieve total sales income of more than 100 billion yuan, fully capable of supporting the next three years of steady growth performance. Expected 2006 net profit would grow by 2.5 billion yuan, the company's performance in 2006 will far exceed stock reform commitments increased by 30% of the level of growth is expected to reach 70% level; the company's consolidated more distinctly.
Real Estate for 11 consecutive years of double champion in Jiangsu
Company in Nanjing has a clear competitive advantage, the current real estate market in Nanjing, accounting for about 5% of the share, the company's future focus of development is still locked in as the center of Nanjing 3 hours economic circle city band, both the maximum extent possible accumulated over the years the use of 20 geographical advantage, but also put risk control in small range. Consecutive 11 years ago, the Qixia building occupies 50 of the boss of Jiangsu location of the property, and the 11th consecutive year in Nanjing area and the amount of sales of commercial champion 2004 when the company's earnings per share and net capital gains rate in the forefront of the real estate section, in 2005 the first two indicators are jumping plate. In 2006, the company's "Star Leaf" brand is to be recognized by many home buyers, Nanjing banner, visibility in Nanjing around even more than real estate giant Vanke! Nanjing Real Estate Authority, a random sample of online research firm survey showed that Qixia real estate enterprises in Nanjing, in the knowledge of all the highest levels. Potential buyers, the Qixia 53.9% degree of knowledge ahead of second place Vanke 28.7 percentage points. Qixia credibility that is very high and relatively high total of 82.5%; in real estate appraisal in brand recognition, G Qixia degree of development of the real estate know as much as 70%, far ahead of peers.
Its listing has been focusing on investor returns, dividend payout ratio to maintain 60% -80%, the next few years promise to change according to stock dividend payout ratio of 70%, according to the current share price (11.93 yuan) measured more than 6% interest rate, investment higher value. Based on the company's business analysis of the situation in the next few years, the company will maintain a 30% -50% growth, according to 13-fold dynamic PE valuation of shares at 14.30 yuan, on the other hand, the company revalued net asset value is relatively high ( 11.80 yuan / share), after issuance, the company's land bank will increase more than 100 million square meters (construction area), when the company revalued net asset value will be substantially increased, in the light, we believe that a reasonable stock price 14.30 Yuan -16.50 per hour, the secondary market trends, stock donation diluted, coincides with real estate stocks are subject to various bad when the most intense combat, was victimizes the innocent, the main opportunity to clean chips, so obviously the right paste, near few days at the bottom of a modest contribution, through high-quality real estate stocks once again favored the opportunity and is expected out of the new wave of rally!
