Category: Money tips Release Date: 2007-07-16
Source: Hantang Securities
2008 Olympic Games will be held in Beijing in the past two years, accompanied by the Beijing urban infrastructure projects in full swing and the smooth progress of the overall investment environment, Beijing has been a qualitative improvement directly triggered the capital of the hot real estate market, In particular, the Olympic rings in the vicinity of the property, the supply and marketing very well, showing the trend intensified, and makes the current real estate and urban infrastructure as the main market investment opportunities in the Olympic plates appear again.
From the disk, the market there are two main directions, one is the theme of Beijing Olympic G Ring drugs, in particular, benefited from a very clear concept of Beijing Olympic G-Tung Wah Group of Real Estate, G Chinese industry continues to rise sharply; the other hand, to implement a major reorganization and restructuring of the company once again come to class performance front, such as the reorganization of Weichai Power Torch, Founder recombinant G-northeast drugs are severe in the higher Tuesday. So for the two cities to implement a major reorganization of the Beijing Olympic Games theme, especially the Beijing real estate stocks, may become the most explosive fuse.
Olympic economy directly pull up the real estate market. Beijing, as China's political, economic and cultural center of the overall economy in recent years have maintained good development momentum, the macro-control achieved remarkable results, has become the fastest growing region in the world economy, people's income has increased steadily. At present the Beijing Olympic Economy pulling effect of the real estate market began to gradually appear, real estate development and investment projects to maintain strong growth momentum, the Olympic Games in Beijing will increase, especially in the quality of the Olympic Village surrounding residential community.
2005 Beijing real estate market prices have continued to show steady growth scenario, a substantial decline in the supply of land, as land supply is a leading indicator for the housing supply, it is expected that the next 2-3 years, Beijing's housing supply will be tight. At the same time, the Beijing real estate market outlook remains bullish. The RMB appreciation and the background of the 2008 Beijing Olympic Games, Beijing real estate outlook is more uncertain. May wish to focus on G Kun (600,067 market, information, advice, more), the Unit will be in Beijing this big stage, presenting himself as an excellent real estate business, in particular G pioneer, G Fanhai, G Bao, etc. in the implementation of additional restructuring and private real estate oriented stocks have both been crazy soaring market, the unit recently introduced targeted private equity market issuance program has already caused widespread concern.
G Guancheng (600,067 market, information, advice, more): the Unit is to implement a major reorganization to become one of the leading real estate capital. G Guancheng completion of corporate restructuring, Fuzhou Ying Rong Investment Co., Ltd. took over, the gradual set G Guancheng business as enameled wire mesh simultaneously with the real estate industry, industrial pattern pairs. Beijing real estate market is precisely the G Kabuki performance of the most prominent core market, the Unit is to shape the company into Beijing real estate market, a large blue-chip corporate image.
The most striking is the stock in the share reform process, the company promised the next three years more than 30% growth. Gradual acquisition of Beijing's "Taiyangxingcheng" Being a stake in the project company currently hold F District, Beijing Taiyanggong real estate 95% stake held by B, the project company is Beijing First City real estate industry, 40% stake in the project company to holders of C, the new Beijing First City 40% stake in Thai real estate; the project construction area of 1.74 million square meters, is expected to total revenue of 12.344 billion yuan, net profit of 1.261 billion yuan. In addition, holders of the company invested 29.5 million yuan, Beijing Branch of gallium England Semiconductor Co., Ltd. 31.97% stake. The majority shareholder committed to the next three years the company's net profit growth of not less than 30%, or they will get an additional share. This is currently the two cities share reform companies have already promised to the performance of the highest growth rate, which reflects the company's full confidence in the growth of future performance.
In addition, through the private placement issuance of stock, rapidly expanding real estate market in Beijing strength. For the G Guancheng, the current orientation private issuance, will become the company gradually shifted simultaneously from pairs of the industry to focus on the real estate business development opportunity for a strategic transformation. Starlex Company intends to issue 7272 shares in circulation A shares converted into 359.964 million yuan for the purchase of real estate Starlex hold 100% stake in Beijing-crown on the price of the stock, according to mutual agreement prices are ultimately determined to be 360 million yuan.
Before this, such as the pioneer of shares, G asia standard, G, etc. in the Bao-directed the additional stocks are subject to market, the sharp surge in violent pursuit of market, the unit has attracted a lot of institutional interest. According to the National Sea Equity Research report predicts that the company has a 85% interest in Beijing Taiyangxingcheng project in 2006 the sales income will reach 1.5 billion in 2007 sales revenue up to 30 billion in 2008 sales revenue of 4.5 billion . If the sales-tax net profit margin 13.4% according to estimates, 2006,2007,2008, respectively, can be realized net profit of about 2.1 billion yuan, 420 million yuan, and 6 billion, which means the stock within the past three years, a conservative estimate, earnings per share will be In the 0.55, 1.1 yuan, 1.58 yuan!
First City's real estate business strategy is to focus on areas of Beijing, the Fujian-based second-tier cities in the country radiation, for middle and high income groups, specially developed high-end large-scale integrated communities, mainly real estate development, property management, supplemented by adopt differentiation strategy, the implementation of brand strategy. Real estate development company is a major project is the "Beijing Taiyangxingcheng." Taiyangxingcheng planned area of 2.98 million square meters, construction area of 1.8 million square meters, green area of up to 50% from Venus Park (F region), Jupiter Park (D zone), Mercury Park (E region), garden (B zone), Saturn Park (A area) and Sun Plaza (C Zone) component. The company now holds Taiyangxingcheng B, 40%, C District, 40%, F District, 85% of the stake in 2006, the company will increase its stake in B, and C, to 51%, and increased D, 51% of the shares. Corporate real estate operations in support of major shareholders, high-speed growth, Kun-Chase as an excellent real estate blue-chip listed company, its current value there exists an obvious underestimation.
