Category: Money tips Release Date: 2006-02-14
Source: East China Sea stock
Index suffered high volatility, stocks began to increase risk-adjusted. However, we believe that some varieties of performance even after the adjustment in place with more upside potential. If 600,489 of gold in gold, gold prices continued to rise, the company expects full-year 2006 net profit rose more than 100%, the company has a gold mining concession, the right to have a monopoly of scarce resources and industry characteristics, the company very high intrinsic value. Technological point of view, as in the first half after a big Niugu sustained after the adjustment, the risk of the release is completed, with the arrival of the end of such a performance is expected to support the species out of a good market, focus on.
Backed by the strength of shareholders, the leading position of prominence
Company is to maintain gold reserves of 30 million metric tons, with good prospects for exploration and sustainable development, with annual gold production capacity among the forefront of the industry. Gold ore smelting area in the roaster with the feed slurry-type technology, and copper extraction - electrowinning technology leading position in China. China Gold Group's major shareholder is approved by the State Council, China's only one in the international arena in order to "borrow gold is also gold" in the form of gold loans to the pilot enterprises of China in the World Gold Council, the sole member to control the total gold reserves to the national gold reserves of more than 30%, the industry is very prominent position. Company's major shareholders relying on strength, began to speed up the acquisition, the pace of mergers and gold mining, gold chain to create and enhance profitability. The company money in 164 million yuan acquisition of the controlling shareholder of China Gold Group holds a 51% stake in Hubei Sanxin, Shandong Xintai 51% stake in Jinxi Gold 90% stake in the implementation of the "Tongguan grand coalition" strategy, set up Tongguan gold mining gold in a limited liability company and restructuring of Tianshui, Gansu Province Plum Gold Mines Limited, so as to further strengthening and expanding its main business has laid a solid basis on which to mine gold large increase in capacity, and formed a variety of mineral production. With the further acquisition of parent company assets, company's profit level will be further strengthened. In accordance with the company's development strategy, listing three years later, to make the company the control of the total gold resources and gold output in the domestic gold market share of 15%, and the leading status is quite prominent.
Optimistic about the future direction of performance to create金身
As the market changes in investment philosophy, value investing will be more deeply rooted among the varieties we have to find a good investment, it will also pay more attention to the company's asset quality and performance factors. After a series of gold in gold in the acquisition of the assets, merger, reorganization, its size and profitability have been greatly improved. Gold belongs to scarce resources industry, gold, currencies and commodities with the dual attributes, a store of value and value-added features. China is now the world's third-largest gold consumer and the fourth largest producer, a huge potential consumer demand. It is predicted that China's gold demand is expected to increase from a year more than 200 tons to 500 tons, current production can not meet demand, gold industry prospects. Due to increased demand for gold forecast for the future international market, gold prices will continue to steadily maintain the momentum, rising gold prices will directly improve the company's product gross margins, performance and stability by increasing up to expect. In addition, China National Gold Group is committed to its original non-tradable shares held was traded from the right of the Day (June 14, 2006) from 36 months to lock-up period; -07 in the 2005 Annual General Meeting on the proposal and endorsed the company's cash profit-sharing ratio of not less than the year to achieve 60% of profits available for distribution; will, as always, actively supported development of the company and after the introduction of relevant national policies and regulations to support the implementation of the management company's equity incentive plan.
The secondary market, in 2006 three quarterly shows the top ten shareholders of circulation in eight institutions together hold 2923 shares, of which two were held by 754 million QFII, indicating institutions are extremely good. Graphic point of view, the Unit had been out of the first half of the aggressive trend of continuous daily limit, after six months of adjustment, the bottom of the recent re-big bang, the main signs of significant margin calls, as a significant increase in performance is expected out of the better varieties Quotes.
