Category: Money tips Release Date: 2006-11-17
Source: Donghai Securities Author: Wang Xingjun
Good quality assets of the company, in addition to Lianhua Supermarket, Homemart stake, but also holding two shopping malls (South Mall 80,000 square meters, the western suburbs of 110,000 square meters shopping center), and the Hongqiao Friendship (2 million square meters) of commercial real estate (both own property), in addition also has a rehabilitation island of 150,000 square meters of land reserves as well as the parent company, part of the property, its replacement value is very high.
Meanwhile, the company building materials supermarket chains are in transition, building a strong bias towards the future earnings better stores in Shanghai and the surrounding areas, its value lies in store network resources to achieve a certain scale, the ability to acquire and improve profitability, the future of the business will become a company's key performance growth.
Historical Information: G Friendship (600,827): Business leader set foot on the continuing strength characteristics of Tianquan trip July 12, 2006
Source: Xiangcai Securities
Bank of China listing soon, Yao City heavy volume index lower, but significant short-term moving average support tomorrow indexes opened higher on Qianqi little suspense over the Bank of China stock index trend will have a direct traction nerve, the market outlook remains favorable. Along with economic development and consumer upgrades, and many commercial species are facing the chain opportunity, as a local Shanghai G veteran business leader, the friendship (600,827) have just completed share reform, resumption of the two trading days before the share reform is still keeping up the pattern, the market outlook is still have the opportunity to be the focus for concern:
The company from traditional department stores to supermarket chains in transition, and formed a holding four core Yetai based organization structure: The nation's largest supermarket chains - Lianhua Supermarket-based supermarket chain, including the Century Lianhua, fast passenger convenience stores, discount stores Dia Lianhua; to Homemart-based building materials chain; to characteristics of the friendship of a modern department store department store; to the South Mall, friendship and community-based shopping mall shopping center. Among them, in order to Lianhua Supermarket-based supermarket chain business to become the company's core business, the company's main source of revenue and profits. In the context of integration of superior resources companies have to show signs of vitality.
Lianhua Supermarket Company affiliated outlets across the country close to 4000, allocation of resources unparalleled advantage, profit growth has also generated immediately. Lianhua Supermarket during the year through the successful acquisition of Hebei 10000 Lifestyle supermarket, further expansion of major development areas in the North China market share. And through mergers and acquisitions to accelerate into the dense fabric of Shenyang point, effectively advancing the company's development strategy in the implementation of the Northeast, while through the acquisition of Hangzhou Liberation 100 6 Fresh supermarkets and home-benefit two supermarkets, and further consolidated its presence in Hangzhou in Zhejiang Lianhua Supermarket the leading position, in order to focus on laying the foundation for the development of the Yangtze River Delta region.
As a Shanghai local veteran business unit, its strong economic strength and high-growth markets to be generally agreed that the secondary market, QFII, social security funds, and many other institutions competing strength of involvement of a strong stock reform on the eve of a breakthrough for restoration of the continuing strength characteristics of the uplink pattern remains the same, the trend worth looking forward to afternoon.
