Category: Money tips Release Date: 2007-02-03
Source: Securities Times Author: Li Yun
S Wu plastics (000,665) is currently supporting the domestic car industry for the production of plastic parts product categories, one of the largest manufacturers. Production of plastic raw materials and automotive plastic parts and components products have reached international advanced level, to become Wuhan Shenlong, Sanjiang Renault, Dongfeng Motor and Shanghai Automotive Group and other well-known auto manufacturers supporting businesses, with a stable market share. Recently, S-wu plastic stock restructuring program announced in addition to tradable shareholders of 10 transfers of 5 shares, the largest shareholder of Wuhan has also been opened to the S-wu plastic donated 100% stake in Dragon Plastics. Dragon Plastics is committed to 2006,2007,2008-year pre-tax profit of not less than 500 million, Shenlong plastic injection will help improve the company's asset quality. More importantly, the Dragon of plastic from the previous competitors into partners, which allows the company to form a color exterior automotive parts complete industrial chain, further enhancing the company's competitiveness in the field of exterior parts, the company's production capacity is expected to will be to play a bigger market share will be further enhanced.
The support of the municipal government in Wuhan, S Wu plastic unloading a heavy historical burden, the new management team also brings the earth to improve the company's operational efficiency, three quarter of this year ushered in the performance of inflection point, from a loss to earnings per share 0.12 yuan, an increase significantly. The secondary market, the stock price higher step by step, average the system was arranged Jin Cha, turnover continued to enlarge, shows significant involvement of funds is expected to resume trading after the share reform certain market opportunities.
Historical Information: Wuhan Plastics (000,665): looming dark horse is expected to re-stock reform to regain upward August 15, 2006
Source: Broadcasting Corporation of the information Author: Chen Jie
Broader market regained lost ground upside for two consecutive days, and then hot from the market perspective, broad based, individual stocks, the closing session pulled the hot money speculation has obvious characteristics of persistent hot spots to be seen, stocks rose after the inevitable split, tape may be re-adjusted. The recent reorganization of the adjustment process in the broad market stocks is extremely active, we recommend the focus off 600076G * ST Huaguang daily limit for three consecutive days after a short break after today, once again limit-afternoon to continue the potential upside. This is mainly because the unit will actively promote the restructuring, reform of the price of a high proportion of shares. After the rapid promotion of stock reform, no shares of stock reform to become scarce resources, especially those with the potential restructuring of the outstanding shares of stock reform, such as the recent US-nga rose, Huayuan shares, etc., this hot-spot effect will not be affected by broader market adjustment effects. Have been rumors in the reorganization and reform of high-priced stocks of the listed companies, 000,665 Wuhan Plastics particular concern.
Core Business and stable development of the heavy burden of history
Wuhan Plastics (000,665) is the central region of China's plastics industry is one of the leading enterprises, the production of plastic raw materials and automotive plastic parts and components products have reached international advanced level, to become Wuhan Shenlong, Sanjiang Renault, Dongfeng Motor and Shanghai Automotive Group and other well-known automobile manufacturers supporting companies with a stable market share, the company is also actively seeking international large-scale cooperation of auto parts manufacturers to secure market share abroad, the company is also involved in the field of nano-composite materials, the production of automotive plastic clay nano-composite materials, product market outlook is better, that is the continued development of the company to lay a solid foundation. The company's main business has remained steady growth. As a heavy burden on the old state-owned company's history, has hosted a number of municipal state-owned plastics company to pay wages of workers of these enterprises as well as some corporate restructuring costs Guo billion, not only to pay pensions of older workers to health care, but also to pay hundreds of cost of living and other laid-off workers, as well as the identity of more than 400 workers without replacement, so despite the company's main business to maintain its profit growth has overwhelmed the losses.
Offers great potential for a major personnel changes to re -
Major shareholder of Wuhan, Wuhan Plastics Co., Ltd. is invested by the opening by the Wuhan Economic and Technological Development Zone Guo Ziban funded the establishment of all operators responsible for managing state-owned assets, to ensure its preservation and appreciation of the large state-owned asset management companies. Major shareholders, business purpose is the rational use of effective resources development zone and take a variety of management tools for capital operations, make an inventory of state-owned assets, optimizing the allocation of state-owned assets, and guide financial capital and other capital investments, social effects and economic benefits of equal importance. July 20, chairman of Wuhan Plastics Chao Shao An announcement to resign, in addition to two directors to resign from the Board of three current directors of the new candidates have been opened by the shareholders of the Company, Wuhan Investment Co., Ltd. recommend them. In addition, the company's recent board meeting also passed a motion agreeing to change the part of the company executives. Xiao Guanghua, general manager, two deputy general manager and financial director, resigned from the board secretary, drew the original post. Wuhan Plastics now has decided to appoint a new executive candidates. General companies are mostly large-scale restructuring of the personnel changes in the precursor. The new Directors are recommended by major shareholders, but also showed that the recombinant may be caused by government-led.
Opportune to take off Dragon
After the IPO and refinancing floodgates, Hubei, Shandong, there are a number of prospective applications has passed will not have access to listed companies have been slow to issue process, mainly due to the slow pace of reform in these provinces share, based on the first stocks to benefit the first principle of reform, the management not arranged listing of local companies, which is detrimental to the development of local enterprises, local governments will actively support the local share reform hardship cases share reform. The majority shareholder of Wuhan by the Wuhan Plastics Co., Ltd. was originally to open investment enterprises directly under SASAC, the strength of more than 1 billion yuan of assets under management are likely to inject quality assets of the company. However, given the healthy development of the company's main business of the status and characteristics of government-led restructuring, we believe that some of Dongfeng Peugeot Citroen Automobile Co., Ltd. will produce high-quality assets, restructure the company more likely. Because the Dongfeng-Citroen Automobile Co., Ltd. is also located in Wuhan Economic and Technological Development Zone and Wuhan plastic adjacent to facilitate the development of integrated management and planning later. The most important thing is, Wuhan, Dongfeng Peugeot Citroen Automobile plastic is the upstream parts suppliers, Dongfeng Peugeot Citroen Automobile, after mergers and acquisitions can effectively extend the industrial chain to reduce costs, resulting in a loss of Wuhan Plastics factor is a historical burden, the government-led restructuring of these non-performing assets are likely to be Peel and give companies be compensated. Restructuring will undoubtedly enhance the potential for stock valuation.
Great potential for reform of the price of stock ready
Wuhan Plastics unit has not yet changed, enter the ending phase of share reform, if price is not an option to obtain recognition of the circulation of shareholders has been rejected will have to wait 3 months to re-submission of share reform program, which is the majority shareholder at a disadvantage. Tape makes a lot of adjusting stocks resume trading after the stock posted the right to change, only the more favorable flow of the program to get recognition of shareholders in order to avoid passivity. As the company's continued losses, poor performance, according to the past practice of the reformed companies, large shareholders will be made better than the average company's share reform program of the price. View from the secondary market trends, the stock bottomed out in April this year, were active before and after the apparent absorb huge amounts of capital. Then out of the shocks upside stock market, experienced a modest rise after the heavy volume will be poised to rapidly fall Suliang sideways and then re-start by the end of July under the impact of broader market plunge, the stock dropped again, short-term decline in more than 30 %, almost equal to pre-sideways area, can significantly shrink the amount, after two weeks of repeated shocks, the Unit has been released kinetic energy of short-term short and exhausted, today's heavy volume to start, is expected to resume its rally, investors can take an active interest.
