Category: Money Tips Date: 2006-09-24
Source: Guohai Authors: Zhang Hong
Effect of the bull market need to make profits, that is, need heroes. Such as the rational speaking, military themes and concepts related stocks is only subject matter, do you really believe that those military-industrial enterprises to produce and stock price match the high growth? Obviously you do not believe, then why these military concept stocks can "through the streets," the continuing strength across the board for so long, until today, the signs of it until now die of old age? This is because the September 26 character name of the Chairman of the State Central Military Commission, met with representatives of the army's armaments conference stressed that a strong government is bound to need a strong military force as a support, which is the basis for the implementation of major political ideas. As a "harmonious society" the construction of an important aspect of national defense expenditure will gradually solve the problem of insufficient investment, particularly in military equipment manufacturing industry will continue to increase the proportion of investment. This is the secondary market in a bull market, it is clear to find a pretext to launch Quotes, magnificent military themes emerged Quotes plate unit, and recent North Korean nuclear issue, but also add fuel to the fire, which is subject shares surge in military achievements reasons. However, after all, a lack of valuation basis, we can only short-term and out. Is there a greater impact and more sustainable varieties it?
Military stocks rose too much of this phenomenon indicates that the market need for speculation a reason! After in-depth digging, I found a rich subject, growth stocks to highlight and reasonable valuation - Wenshan Electric Power (600,995), and technically would be gushing out at a critical point, namely, a short midline tilapia, it is recommended to focus on.
Investment in one of the highlights: the controlling shareholder of hundreds of billions of monopoly quality assets only "only child" Wenshan
One thing some time ago created a hubbub - "four times a day, copy table" of the MRs, went so far as salary 100,000! What does this mean? Why is this so, this is caused by a monopoly. China's sustained rapid economic growth, will definitely lead to the power of the valuable commodity.
Wenshan Electric Power (600,995) people who actually control the China Southern Power Grid. China Southern Power Grid total assets of about 2,600 billion yuan, network coverage of Guangdong, Guangxi, Yunnan, Guizhou and Hainan, is the only one of two national grid (another for the State Power Grid Company), ranked in 2005 "Fortune" Global 500 No. 316. In 2005, October 18, the British "Financial Times" reported that overseas listing of China Southern Power Grid plans to issue 25% of the shares, raising billions of dollars. China Southern Power Grid Chairman Mao Yuan Zhen in the August 2005 interview revealed that the company is studying the program listing, the initial intent of the overall market, issuing about 30% of the shares, raising about 80 billion yuan.
Who would have thought that in the current market environment, the assets of such large-scale Southern Power Grid is only Wenshan Electric Power (600,995) a listed company, which is somewhat unbelievable. China Southern Power Grid possession of the economically developed Guangdong, China's strong demand for electricity in South China and other places led to a "power shortage" that made a monopoly assets with large capital needs of China Southern Power Grid to the hungry. China Southern Power Grid is very strong demand for its financing, which is its listing in 2005 rumors break out the reason. However, the domestic share reform is being launched this year, mainly to banking reform and listing the last stage, the other large-scale IPO so "to give way." At this time by the transferee Wenshan Electric Power Southern Power Grid (600,995) holding the right people in order to reduce market speculation that its speed, backdoor listing as a whole could be enormous. In any case, its the Wenshan Electric Power (600,995) of assets for their advantage to change the operation of funds was necessary, and this corresponds to the southern grid in the unit when the share reform, in particular the commitment to holding the circulation of the right to receive shares of Wenshan Electric Power After five years, except for the implementation of the company's management incentive stock option transfer of shares, the non-traded in any form or transfer! This means that Southern Power Grid to Wenshan Electric Power (600,995) listed as a whole or as a financing platform for the possibility of greatly.
Investment highlights three: high-growth tiger father and Quanzi
Wenshan Electric Power (600,995) as a company engaged in hydroelectric power, electricity, electricity distribution businesses operate integrated local power companies. Wenshan in rainfall, river pulse horizon, the river steep drop large, very rich in water resources, water resources, the state's reserves of 3.23 million kilowatts theory can be developed installed capacity of 1543 kilowatts, the present installed capacity accounted for the proportion of capacity that can be developed only 16.06 %, the follow-up is a huge potential for development. Company's use of hydropower number of hours 5500 hours, much higher than 5,000 hours less than the industry average. From the performance over the years to see the company more than 40% for seven consecutive years to maintain the stability of rapid growth, growth is evident. In the company completed a 110-kilovolt power station in Vietnam Cat jumped after the power transmission project, marking the company's electricity transmission has been successfully into the world, perhaps for the actual controller of the assets of China Southern Power Grid, one of the most preferred.
Division listing the past few years, an average annual profit of close to double! This is rare in China's securities market is a high quality goods. According to China's price reform measures, the trend of price increase is almost inevitable, because the coal and environmental protection requirements, forcing electricity, water and electricity companies will be more benefit from price increases, coupled with rapid growth in the amount of hydroelectric power generation, prospect .
Investment Highlights of the three: ongoing active Jinxian "aristocratic" luxury
Water does not have to be deep. If the water depth, and then there is the dragon, this water must be very "spirit" will certainly become the focus. As mentioned above, Wenshan Electric Power (600,995) largest shareholder has over 2000 billion in high-quality assets, and eager to market to raise funds, Wenshan Electric Power (600,995) high-growth Southern Power Grid should make a great "face", while the market excited about . Wenshan Electric Power (600,995) has a "dragon" of participation - a rare change hands Jinxian sustained high operating the main signs of a super. Starting from January 2005, continued 83 weeks of high change hands every week to maintain an average of 15% of the changing hands. Which in early 2005, February 21 to February 25 this week, the biggest change hands is 155% (which is not listed on the earlyĺ‘€), I ask, the two cities close to 1400 stocks, there are a few? That is what kind of concept? Rather than two months to change hands again, the light to the securities company is the commission? How much stamp duty paid? In terms of transactions per thousand thousandth of the commission and stamp duty to count the target unit from January 2005 since the transaction costs of the two produced approximately 47.21 million yuan! This is enough to show as the main force of aristocratic luxury, and its was just a circulation of 3,600 shares of the small-cap stocks! At the same time, when the broader market environment is very bad, the vast majority of individual stocks rather at a loss. If we say from time to time there are one or two weeks of this phenomenon of high change hands, we can also suspect that it is the short-term investment capital committed, and sustained such a long period, we have no reason not to believe that the main strength.
Even from the January 2005 change hands 48% in late-week date, time-consuming one-year plus 10 months, given the time cost of funds, continued high trade friction changing hands (commissions and stamp duty) and the broad market was up about 50% over the same period, combined with the main In the bear market of the courage, then its in the current bull market environment, the combination of high unit growth and a wealth of subject matter, indicates that the unit very imagination.
Finally, there are indications that the recent mainstream institutions Opening of steel plate, today broke out, while the mainstream addition to an active interest in iron and steel plates of funds, another move that is heavily involved in the power section. Power Plate stocks as a whole has been strengthened in succession. Particularly hydropower, in the wet period and the advent of the power unit is expected to significantly increase performance of birth, the Wenshan Electric Power (600,995) is the leading style of approach is expected to surge in retaliatory expression.
Technically, the right to re-stock the whole display, the Unit August 24 resumption forms an island reversal of the trend, Zhou Yang Tun line shows the number of roots in a K-line, at present 5, 10, 20 and 60 days 5.9 Yuan - 6 yuan, after all between the visco-Jin Cha, accelerate explosive upside Quotes. Investors can focus on.
