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Data:2009-12-12 2:34
Source: and News
A rapid rise in early trading transaction reasons:
Ping An Securities that, taking into account the global dry bulk shipping in the third quarter were lower than expected, but fuel costs have not yet come down to the company's performance in 2006 raised from 0.65 yuan to 0.72 yuan. They concluded that the company's management level of excellence, emphasis on shareholder interests, combined with shares down nearly 10 percent over the past month the situation, we rating from "neutral" to an "recommendation."
Investment Highlights:
1 2005, the company realized main business income of a total of 3,741,530,505.88 yuan, operating profit 1,035,044,433.79 yuan, net profit of 685,067,944.57 yuan, more than in 2004 grew 84.33%, 78.21%, 82.72%.
A total of two company owned and controlled by various types of multi-purpose vessels, cargo ships, heavy lift vessels, semi-submersible ships, ro-ro and car shipping a total of 90, average age 19 years, with a total deadweight 1.4124 million tons. Company's traditional strengths in some routes are still maintained a high market share and high tariff levels, while, through the COA signed contracts with large customers, lock tariffs, fixed-route operations achieved good results.
3 is the world's only commercial uses has two semi-submersible vessels and shipping companies engaged in marine transportation projects, but also the only Asian shipping companies have a semi-submersible vessels in 2005, completed a total of 15 voyages, carriage of goods 58,000 tons.
Risk Tip:
1 2006, it is expected international crude oil and fuel prices will continue at a high level oscillation, the pressure on the company's costs are still greater.
2 2006, the grocery market, is expected to increase in transport demand will slow down on the company's grocery market, is expected to export tariffs will be subject to certain pressure, the volume of return cargo will continue to face fewer difficulties in a highly competitive, special ship market transport demand growth will slow down.
Investment advice:
Company is an international ocean shipping giant COSCO Group's only ocean-based industry, transport companies, it is recommended to track observation, the first goal-bit 10 per hour.
Related sections:
Shipping Plate