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Data:2009-12-12 2:34
Source: Tianxin Investment Authors: Yong You-Jie
Shares of the company has not yet changed, reducing losses last year, this year is greatly increased, at present only 6500 million outstanding shares, speculation subjects are very rich and the proposed focus on market outlook.
As far as we know, Tangshan, Hong Kong-related quality assets through asset replacement will be injected * ST Tang Tao (000,856), the specific will follow * ST Hua Tao (000,655) of shares changed pattern.
Statistics show that Tangshan port construction began in the last century, the eighties, in 1993, Tangshan and Beijing have begun a joint construction of Jingtang Port. After more than 10 years of development, Jing Tang Hong Kong has built 17 berths, the annual throughput of 26 million tons, ranking the top 20 ports in the country. To take full advantage of a rare deep-water shoreline resources, to promote the transfer of Tangshan economic layout to the coast, since 1994, Tangshan Caofeidian proposed construction of deep-water berths and development of industrial zone adjacent to Hong Kong. By the end of 2004, Caofeidian harbor area by the state included in the "Bohai Bay region's port construction plan." This project has been in Hebei provincial government support, Hebei Province, was listed as "one project." Caofeidian port in accordance with the overall planning, there will build 250,000-ton ore terminal -40 10000 4 30 thousand-ton Crude Oil Terminal 2, 50000 -10 10000 ton coal terminals 16 and so on. At present, Caofeidian port construction progress smoothly, and two 250,000-ton deep-water ore berth will be completed by the end of this year put into use
In January 2003, Beijing Jing Tang Tang Hong Kong Hong Kong Co., Ltd. established restructuring. Registered capital of 600 million yuan, the main cargo handling, port storage of materials, water-assisted; concurrently passenger, ticket agents, and other items related to the operation the port development and operations. Among them, as the founder Zhu Jing Tang Port Co., Ltd., Tangshan Port Investment Co., Ltd. is in accordance with the State Council and Ministry of Transportation to deepen the port management system, in the original Jing Tang Port Authority by the Tangshan Municipal Government approved on the basis of the separation of a large-scale restructuring of state-owned sole proprietorship. Company is mainly engaged in state-owned assets, property management, capital operation, Investment, ports, rail facilities and port development and construction related industries, port handling, cargo storage, the main task is subject to State-owned Assets Management Committee of Tangshan city commission is responsible for operation and management of Tangshan the municipal government in Beijing, Tang Luan Hong Kong port and rail investment, and assume responsibility for increasing the value.
In early 2005, the Ministry of Communications to develop the "Bohai Sea port layout planning", more clearly Jingtang Port in the coal ship, container transport, transit and import of mineral oil transit transportation system in the four strategic position. Tang Jing Tang Port has grown to serve the Beijing-Tianjin and North China, Northwest China, one of the regional important port, accessible routes at home and abroad more than 90 ports, with more than 30 countries and regions in the ports to establish business contacts, as Tangshan City is have financial resources, the most radiation and cohesion, the most promising basis for the development of resources.
According to a recent "Hebei Daily" reported that Tangshan Jing Tang Port traffic in Hong Kong have been strong, as of June 30 this year, to complete a throughput of 19.435 million tons, up a net increase of 3.64 million tons, an increase of 23%, ranking the country along the the forefront of the sea port. In which ore, coal, steel and three kinds of goods were completed 7.11 million tons, 739 million tons, 3.81 million tons during the same period increased 11%, 16%, 42%. Foreign trade throughput of 8.59 million tons, an increase of 47.7%. Container 40455TEU (container units), 261% over the same period last year.
It is understood that this year, Jingtang port firmly grasp the "Eleventh Five-Year Plan" period of strategic opportunities, focus on two major tasks in the port Yiduntaigang harmony, establish the "big business, big market, big logistics" business ideas, in the consolidation of coal, ore, steel and three kinds of goods the same time, increase the supply of other efforts to develop the large and hold a small. As the fourth largest cargo of bulk cement species status has been further consolidated, quasi-liner mode of transport, ship tonnage increase to complete the 525 thousand tons. Scattered into the water to form a stable logistics base, an increase of 28%. The first car export, transport operations, the smooth realization of the 3061 cars into the water outward, becoming Jingtang Hong Kong goods with high added value of new kinds of development of an outstanding example. Coal tar and plaster stone Transportation Stabilization speed. Can be seen, the current Jingtang Port, is in rapid development phase. Jing Tang Port Co., Ltd. Tangshan Hong Kong as a port operator Jingtang the main body there is no doubt that the use of capital markets, bigger and stronger impulse. After all, from a few major ports around the point of view, Tianjin Port, Yingkou, Dalian and Hong Kong have been achieved in China or Hong Kong-listed, Beijing Tong Hong Kong naturally can not out-dated, or will only miss the opportunity to grow. Jing Tang Port Co., Ltd. from the shareholders of the circumstances in which Tangshan Municipal Construction Investment Company * ST Tang Tao is also the third largest shareholder. Clearly, the Tangshan Municipal Construction Investment Company is likely to promote the Beijing Tang Hong Kong Co., Ltd. * ST Tang pottery backdoor program, played a very important and Key role.
We believe that, * ST Tang Tao forthcoming restructuring, will follow the example of the way * ST Hua Tao. Not long before. The verge of delisting of the * ST Hua Tao launched a reorganization of assets, targeted stock issuance, and the triple-play reform program. The share reform and restructuring, Shandong Jinling Iron Ore Iron ore is intended to be legally owned the underlying assets Houjiazhuang, Tieshan Xinzhuang iron ore concentrator and other assets, and * ST Hua Tao legally owned assets as a whole as well as the addition to 2.63 billion in liabilities, other than the replacement of all the liabilities. Placed higher than the amount of net assets set out the amount of net assets to be formed by replacement of the difference from the listed companies in Shandong Jinling Iron Ore to the non-public offering of shares in exchange for no more than 6200 million. Shandong Jinling Iron Ore has also reorganized * ST Hua Tao the next three years to make a commitment to business performance, and make an additional payment of shares, promised to extend the lock-up period and further acquisition of assets and other important arrangements. It can be expected that the Beijing Tang Hong Kong Limited will be injected in a similar manner * ST Tang Tao. The company announcement said it expects the company in 2006 from January to September net profit rose 450% -600%.
Based on this, we can look back * ST Hua Tao (000,655) in the share reform before the end of January this year, its stock price of 3 yuan more than rose to June 20 before the suspension of the share reform more than 5 yuan. As a result, is now the same large-scale replacement of the whole * ST Tang Tao (000,856), will be cloned * ST Hua Tao a strong trend. Consequently, the Unit is currently only 4 yuan more than the stock price, is definitely too much undervalued, the stock market outlook is expected to expand sharply pulled up, up a very large space, the proposed intervention.
