Category: Money tips Release Date: 2006-01-05
Source: Huatai Securities
This year, the stock market have been rising continuously, in the context of the bull market brokerage has received a substantial increase the performance of the market consensus, while the brokerage business is being carried out in margin trading brokerages's own performance for the re-growth of a channel. From the beginning to now market the concept of brokerage stocks has always been great enthusiasm, many brokerage stocks emerged the concept of doubling up, the recent S Yanbian Road, has been seen pulling a continuous limit-show of madness! CUHK shares (600,704) is a rare one in the current market price is only 4 yuan more than the concept of low-cost brokerage stocks.
Zhongshan University (600,704 market, information, advice, more) company was the Department of Import and Export Corporation, Zhejiang Province, the main import and export trade, industrial investment, real estate, merchandise, etc.; companies affiliated with Zhejiang Zhongda Futures Brokerage Co., Ltd. The company also holds a stake in Guangdong Development Bank 60 million, Guotai Junan Securities 8 million shares, 855 shares of Sinochem International, the three spent 2075 million shares, a huge value-added equity investments. Company's share price is currently only 4 yuan more than from the current share price does not reflect the view of the enormous value of its equity investment, there is obvious undervalued. Huge value-added equity investment.
1, heavily in shares of financial securities and futures industry, Cheong enjoy huge financial benefits brought about by large-scale development. Companies affiliated with Zhejiang Zhongda Futures Brokerage Co., Ltd. The company also holds a stake in Guangdong Development Bank 60 million, holding Guotai Junan 8 million shares, in the great development of China's financial sector, securities and futures market against the backdrop of flourishing, G Zhongshan University (600,704 market, information, advice, and more) is expected to borrowed shares of financial securities and futures industry Changxiang major financial development has brought enormous benefits. 2, blue-chip shares listed companies enjoying the fruits of a bull market. Through a subsidiary of Zhejiang Zhongda Group, Sinochem International Investment Co., Ltd. holds 8.55 million legal person shares, three shares of 20.75 million legal person shares to spend (holding cost only 1 million), according to current stock price book gains more than 100 million yuan. The company owns two listed companies to be Haikang Information Technology Co., Ltd., Zhejiang, Zhejiang Great Southeast Packaging AG shares.
Lucrative business of international trade.
Companies in international trade and business investment is about more than 8700 million and the annual can be obtained under the 17 companies return on investment of more than 4,000 million, after deducting operating expenses at headquarters, even without considering quota transfer receipts, at least a year more than 3000 million net profit.
Real estate business receipts will be revealed gradually.
We adopt a different approach to assessing the value of the real estate business: For the as-built commercial housing to market-related revenue after deducting the net realizable value assessment; for construction projects and land reserves, then the use of discounted cash flow method to assess the company's current owned by the interests of the various development projects revaluation the last plus the book value of these projects come to assess the value. The assessment concludes that, the company reassessed the value of real estate projects, 1.7 billion more than the book value of 20%. The real estate business development company is successful, the various development projects of the proceeds will be revealed gradually.
From the stock prices of view, showing a typical Manniu stock movements, long-term ascending channel intact. The shares have Suliang early adjustment disk show locked good chips, the major agencies had not fled. Recently, the success of the unit double needle bottom, the new wave pulled about to begin, the first goal of bit 5 yuan, we recommend investors to focus on!
Historical Information: G Zhongshan University (600,704): There is a certain middle value of investments continue to hold a July 22, 2006
Source: and News
Early strong upside transaction reasons: a subsidiary of Zhejiang Zhongda Co., a continuous period of loan brokers futures brokerage firm for many years into the national top ten and the size of transactions among the highest in Jiangsu and Zhejiang, considerable future potential, it certainly will have to be the main focus of the species.
Investment Highlights:
1, the company features on business and brand strategy, its main business structure formation of international trade, real estate and investment business tripod pattern.
2, the company owned real estate subsidiary of Zhongda Group Co., Ltd. a qualified for the state development companies, real estate development has a total area of more than 4 million square meters; in Hangzhou, Ningbo, Wuxi, Nanchang, Wuhan, Shanghai, Chengdu and other cities located with regional subsidiaries; company in Wuxi, Shanghai, Wuhan, King had three land-use rights, their new land area up to 1870 acres, the company's current land bank has reached record levels.
3, the company through a subsidiary of Zhejiang Zhongda Group, Sinochem International Investment Co., Ltd. holds 8.55 million legal person shares, three shares of 20.75 million legal person shares to spend (holding cost only 1 million), and has two listed companies to be Information Technology, Zhejiang Haikang Co., Ltd., Zhejiang Great Southeast Packaging AG; but also investments in Guangdong Development Bank Co., Ltd., Guotai Junan Securities Co., Ltd. and other projects.
Risk Tip: Company by raw material prices, reduced export tax rebates and other unfavorable factors.
Investment proposals: trade, real estate and equity investments for the core business of integrated classes listed companies. Companies in the traditional field of foreign trade has maintained steady development, foreign trade reached 3.0 billion annual revenue. In addition, the company's rapid development in the real estate field, has in Wuxi, Nanchang, Wuhan, Chengdu, Shanghai, Ningbo and other places invest in real estate. As of the end of 2005, land reserve of 2,000 acres. There is a certain investment value of the center line. The regional reference price 4.01 - 4.98 yuan, 4.46 yuan in the first target position.
