Category: Money tips Release Date: 2006-01-05
Tellhow January 17, 2007 in order to own 27 million yuan of funds held by the transferee, Jinan, Shandong SASAC Kyrgyzstan Merlot Co., Ltd. 82.42% stake.
Kyrgyzstan Melody's main products are a small generator sets, automatic mimeograph, integrated machines and other office equipment.
Generator set has a relatively small military technology and market advantages. Kyrgyzstan adopted in 1999, the United States willing to ISO9001 international quality system certification and is recognized by Science and Technology Department of Shandong Province high-tech enterprises. Generator products through GJB system certification, office equipment products are the first to get the national CCC certification.
Jigme fun with Tellhow product markets are complementary, Tellhow investment holding Kyrgyzstan Melody contribute to strengthening competitive advantages of both military power to consolidate and improve the status of the industry. At the same time, Jinan Traffic is ideally conducive to the layout of the company's industrial strategy.
As of December 31, 2005, after the new Yongxin Co., Ltd. Shandong, accounting firms, Kyrgyzstan Merlot realized main business income of 72.71 million yuan, the main business profit of 5.29 million yuan, net profit of 6.96 million.
As the military products have a certain degree of seasonality, although the Kyrgyz-US Dole in 2006 in the first half net profit is negative, we expect 2006 full year net profit is estimated at 600 million yuan and in 2007, 2008 are expected to more than 30% of the growth, the company's earnings per share contribution of 07,08-year 0.03 yuan and 0.04 yuan.
We believe that the acquisition of Kyrgyz-US Music Company, which is the short-term performance of the Company contribute little, but this may be just a start, follow-up may also make a greater M & A initiatives, reflecting the company's business wants to expand the scale of the strong desire. In January 2007, six executives Tellhow have bought stock at high prices, reflecting the company's management performance of the Company's confidence in our company's continuing development of the follow-up have more confidence in our company's 06,07, 2008's EPS forecast for 0.39,0.58 and 0.80 yuan, the company in the power equipment industry is a high growth company, we believe that 2007 should be given 30 times the dynamic PE, the company target price at 16 yuan.
