Category: Money tips Release Date: 2006-06-14
Source: CITIC Securities Author: Zhou Anping
The rapid development of Guangzhou economy in recent years, an alarming rate of asset appreciation, such as the G Guangzhou Iron and Steel appreciation of land a few times, another G-Canton-controlled release this Thursday, the company held by the Northern Second Ring Expressway Co., Ltd., Guangzhou 20% stake through Guangzhou Property Rights Exchange listed for sale, listing price is not less than the appraised value of the corresponding rights and interests of 654.67 million yuan. G wide control in 2000, 2001, the total invested 190 million yuan in Guangzhou Beierhuan hold a 20% stake in the current book value of the investment 146.25 million yuan, 508 million yuan has been value-added, value-added rate of 347%, the original appreciation of the highway network in Guangzhou is so fierce! No wonder G Guangdong Provincial Expressway Development (000429), Guangdong Province, the major shareholder Transportation Group is aggressively increasing its shares in the secondary market, G Guangdong Provincial Expressway Development of Guangzhou as the center, is currently holding, or shares of Guangzhou Guangzhou-Foshan expressway network, including high-speed, wide-hui high-speed, wide Hajime high-speed, Beijing-Zhuhai Expressway eastern section of Guangzhou-Zhuhai and so on, according to the disclosure of G-controlled five-wide appreciation of more than three times the projection, G Guangdong Provincial Expressway Development alarming rate of capital appreciation, if put up for sale, not to mention the appreciation of 347%, only the l 1-fold there is a two billion yuan revenue, so the traffic group, Guangdong Province, in conjunction with the Social Security Fund, UBS and other agencies desperately cargo sweeping in the secondary market. Guangzhou expressway network assets for the time being in demand, G Guangdong Provincial Expressway Development if it follow the example of G wide control, taking advantage of the high listing to sell part of the Guangzhou highway network assets, then G Guangdong Provincial Expressway Development would have seen a blowout Quotes.
With the 9 +2 Pan-Pearl River Delta economic region made significant progress in cooperation in the Pearl River Delta passenger traffic free trade zone, logistics and a substantial increase, and Guangzhou will be a total ban on motorcycle road, leading to motorcycle owners to "Niaoqianghuanpao", the motorcycle-for - into the car, but replaced by cars, the family's activities in the radius will be significantly expanded the highway network in Guangzhou's money. And given the difficulties in land acquisition, are already quite well-Guangzhou expressway network for a long period of time will remain stable, so the Guangzhou highway network asset value at top speed. G-Canton charged with possession of the North Second Ring Expressway Co., Ltd., Guangzhou 20% stake in five years, value-added three times more than eye-opener, while the G Guangzhou, Guangdong Provincial Expressway highway network asset control much more widely than G, and the the construction of an earlier time, when the construction of the demolition costs are relatively low, but now with the new high-speed charging the same, so the appreciation of space to multiply. G Guangdong Provincial Expressway Development as if guarding a big gold mine, a major shareholder in Guangdong Province Transportation Group is continually in order to market to buy the outstanding shares, as of August 28, the provincial Transport Group has the use of 234.06 million yuan, Guangdong Provincial Expressway Development A shares of 62.8891 million holdings shares, accounting for 5% of the company's total share capital, while the commitment to buy enough shares of 400 million yuan reform until the next provincial transportation group would also like to market holdings. Next year's implementation of the new accounting standards, G Guangzhou, Guangdong Provincial Expressway Development expressway network changes in the fair value of assets will be recognized as gain or loss, when the results will be exploded. Major shareholders in conjunction with the Social Security Fund, UBS Guangdong Provincial Expressway Development institutions such as large-scale involvement of G, so that the stock of future performance with one word to describe is the "bull"! May wish to wait and see.
