Category: Money tips Release Date: 2006-04-28
Source: Securities Times Author: Guangzhou Boxin
Fujian Expressway (600,033) under the jurisdiction of Fuquan high-speed, high-speed connection with spring Xiamen, Fujian Province of the most economically developed and outward highest, the most vigor and vitality of the coastal areas in southeast Fujian Province, the level of traffic flow has been in the forefront of the province's highway sections , the highway network in Fujian Province has a pivotal position in the regional monopolistic advantages is quite prominent.
A major shareholder in the share reform program includes a commitment to support high-speed acquisition of Ronin (33 km) and holding Punan high-speed (237 kilometers), which will significantly expand high-speed future growth in Fujian space, will enable future corporate control of the road property size increased from the current 236 kilometers to 506 kilometers, an increase of more than double by 2008 to double the size of the company's assets grow, due to the company's toll highways more than doubled the length of the corresponding company's revenue and profits into the water, the average -fold growth.
The secondary market, the growth of blue-chip stock blue-chip high-quality access to a large number of power agencies of all ages. Quarterly Bulletin 3 of 2006 showed that the circulation of the top ten shareholders 3 QFII institutions, three social security funds, in particular the preferred strategy for the new fund Guangdong Development Fund for a substantial Masukura to 1499 nearly 700 million shares in circulation among the largest shareholders of , stark signs of looting chips. The stock shares resume trading after the change affected by the broader market plummeted posted there a certain margin of the right to oversold quite serious. Recently, rapid amplification unit volume, speed up the already volatile pulled Quotes can focus on.
Historical Information: Fujian high-speed (600,033): performance is expected to double growth in value has been grossly underestimated July 1, 2006
Source: Jiuding Allianz Author: Shang Wei
At the national macro-control efforts to further expand the context in order to highways as the representative of the defense industry investors, listed companies will be sought after. Highway industry with its steady growth and resist the advantages of the industry cycle, and become the major targets of domestic and foreign institutional investors. The highway listed companies is significantly lower the overall price of the current, rather than excellent performance and good growth is not commensurate with the national macro-control background, the plate will become a hot spot in the second half continued speculation, stock prices listed company will be doubling the highway frequently occurs, the plate will also be an extremely rare species of big profits, which investors should be given high attention. After in-depth study we found, Fujian high-speed (600,033) fundamentals of the situation extremely well, is expected to become the leading varieties of the plate, its stock price rise should also be fairly extensive space.
1, assets and performance is expected to double growth, the current investment value has been grossly underestimated.
In the stock restructuring program committed to supporting the major shareholders of Fujian high-speed acquisition of Ronin high-speed (33 km) and holding Punan high-speed (237 km), which would significantly expand the Fujian high-speed future growth space, will enable future corporate control of the road property size increased from the current 236 kilometers to 506 kilometers, an increase of more than double by 2008 to double the size of the company's assets grow, due to the company's toll highways more than doubled the length of the corresponding company's revenue and profits into the water, the average -fold increase, that is, no later than 2007, the company's earnings per share in 2008 will reach more than 1 yuan, according to a conservative calculation of 15 times earnings, the company's share price has also more than 15 Yuan.
Second, tax incentives greatly enhance the performance of the company.
In 2005, the Ministry of Finance, the State Administration of Taxation, "passage of vehicles on the road venture fee income business tax policy, notice" will undoubtedly bring a large number of high-speed category of listed companies has injected new impetus. Notification requirements, since June 1, the charge on the highway enterprises highway vehicle entry fee income unified tax rate for the reduced rate of 3% sales tax. As the highway tolls of vehicles operating income is the main highway Class of listed companies source of revenue. Hence, the business tax rate will be reduced by 10% from the original will be expected to reduce the company's tax burden, thus enhancing the relevant company's net profit, the company's earnings per share ratio of sensitivity to positive 7%.
Third, a very prominent regional monopolistic advantages.
In Fujian Province in China, one of the most economically developed provinces, and the company-owned high-speed public and is located in Fujian Province in the most economically prosperous areas, traffic volume is fairly extensive room for growth. In January 2006, the full opening of Beijing-Fuzhou, is expected to Xiamen will be Fuquan high speed and high-speed traffic volume growth in spring produced more positive impact. As the only vertical channels in Fujian Province, in Fujian Province "East out west" traffic development planning, with the horizontal lines, and gradually link up, especially in the major channel by the end of the country - a full line of Beijing-Zhuhai Expressway run through the next three years Company Fuquan, Quan Ha rapid traffic growth will reach 22%, respectively, 21% and 18%. Meanwhile, with the 2009 country's major high-speed lines Punan open, it will become the company's new profit growth point.
Company owned Fuquan highway opened, the railway from Fuzhou to Xiamen, then outage, while the air flights from Fuzhou to Xiamen, also significantly reduced, the original of the railway and shipping carriers of passengers and cargo will have a considerable portion of highway to be completed by the Fuquan, thus In the area of transport companies have formed a regional monopoly structure. Because of China's highway sector is still experiencing an accelerated expansion phase, according to the plan in the next 20 years, China's highway from the current 34,000 kilometers to 85,000 kilometers by 2010, the average investment per year by 1500 billion yuan, a strong momentum of development will also allow the highway industry has a very strong growth. In 2006, Fujian Province, plans to complete highway investment 10.0 billion, "Eleventh Five-Year" period, Fujian Province, plans to complete a total investment of 75 billion yuan highway to the highway mileage to reach the end of 2010 more than 2450 kilometers, the basic form "two longitudinal and four horizontal "main skeleton of the highway network to achieve with neighboring Zhejiang, Guangdong, and Jiangxi provinces out of eight provincial highway access for the company's future to provide a solid foundation for steady development.
Fourth, the West Sea Economic Zone will become China's fourth pole of economic growth.
Following the Pearl River Delta, Pudong New Area, Tianjin Binhai New Area development, the Hercynian New Area will become China's economic growth in the fourth pole of Hercynian District namely Fujian Economic Zone, in March 2006, more than two years to prepare west side of the economy in Fujian District Development Strategy (hereinafter referred to as "Hercynian Strategy") in the two formally incorporated into national "Eleventh Five-Year Plan" will be a strong impetus to the rapid economic development in Fujian Province. High-speed main road property located in Fujian, Fuzhou, Quanzhou, Xiamen, Fujian Western Shore Economic Zone is the future focus on the development of the three central city, Fujian Hercynian strategy to promote the future development of high-speed provides a good economic environment and conditions.
Fujian Provincial Communications Department in May 2006 released "" Eleventh Five-year "Building a conservation-oriented economic zone west side of the White Paper on transport construction" and will further highlight the high-speed Fuquan and spring in Fujian Xiamen important line of high-speed advantage for the high-speed performance, growth in Fujian Province provides a powerful driving force and assurance.
5, the investment value of outstanding organizations gathered in separate ways.
Company's stable earnings and good growth, it has been a fund headed by the main body of the wantonly sought after, in 2005 Annual Report showed that the circulation of the top ten shareholders of both funds and institutional investors, the total outstanding shares held by 9192 million of the total Liutong Pan's 31.92 percent, of which Bo selection in 1742, when shares in circulation among the largest shareholders, the Social Security Fund 104 Portfolio, 108 positions were combined 626 million shares, 660 shares to Ping An Life Insurance Masukura 1059 million, New QFII-FORTIS BANK positions 748 shares; number of shareholders than the previous view to further reducing the bargaining chips are heavily concentrated. The fourth quarter of 2005 Fund's investment portfolio shows that 14 funds together hold 7722.25 million shares, representing 26.81% shares in circulation A. Policy support and institutional Shigekura guarded its foreshadowed the secondary market speculation.
