Category: Money tips Release Date: 2006-06-17
Source: World Bank-based investment
July 19, 2006, the characters and adopted the name of the Prime Minister presided over the "State Council's decision on strengthening energy conservation" and decided to emphasize to solve China's energy problems, the fundamental way out is to uphold the development and conservation simultaneously, energy-saving policy priority, and vigorously carry out energy-saving work, to improve energy efficiency. And developed during the period from 2006 to 2010 on the mandatory energy efficiency indicators, have the help of the national policy will vigorously promote the rapid development of China's energy industry, the related listed companies will also benefit. Investors are advised to focus on 600423G Liu technology.
Industry leader of competitive advantages are obvious G Liu (600,423): The company is the first coal-nitrogen fertilizer industry, one of the leading enterprises, with an annual output of 300,000 tons of synthetic ammonia, 350,000 tons of ammonium nitrate and 20 tons of urea production capacity. The company is located in Guangxi, Guangxi is a major agricultural province, demand is guaranteed. Because urea, ammonium nitrate and concentrated nitric acid and other products in the economic transport radius, and therefore, the company has a strong regional competitive advantage. First half of 2006, the company realized main business income of 483.3427 million yuan, the main business profit of 106.2861 million yuan, net profit of 56.3703 million yuan, respectively, year on year increase of 2.73%, 9.9% and 19.60%. To achieve earnings per share were 0.295 yuan, performance to achieve steady growth, profitability, a new high.
The profitability of energy-saving projects put into production quickly upgrade G Liu ammonia cleaner production-oriented energy-saving tap the potential and technological transformation projects have been completed and commissioned. The project will add 26 tons of synthetic ammonia company, and 30 tons of urea production capacity. At the same time, add 26 tons of synthetic ammonia production longer with the original 230,000 tons capacity, will be resolved at one stroke a long time since the ammonia supply bottlenecks. The project uses the Shell's coal gasification technology, project equipment used in the first set of the size of the international 30 million tons for the production of chemical products, equipment, put into operation will enable companies to use cheap local coal, coal consumption per ton of ammonia decreased 300 kg, only to reduce coal consumption could be reduced for the company's annual cost reduction 3 billion, and using steam instead of electric drives will allow unit of electricity consumed from the old device 1300 degrees down to 150 degrees, making the cost of synthetic ammonia and a decrease of about 38%, urea costs decrease about 34%, the cost would be reduced by about 26% of ammonium nitrate, the company's future performance is expected to realize substantial growth.
CDM start extending the industrial chain to achieve economies of scale the company's nitric acid tail gas emission reduction projects have been with the United Kingdom EcoSecurities CDM projects in the International Group reached a letter of intent, the company strictly nitric acid tail gas containing nitrogen oxide is a greenhouse gas, 1 tonne of nitrous oxide is equivalent to 310 tons of CO2, refer to the company's current production capacity is expected to be formed of more than 1 million tons of emission reductions, with a prominent theme of clean energy. With the central government will use the three rural issues as a focus in recent years, rapid development of China's agriculture, the market for potassium sulfate, potassium nitrate and other chlorine-free potash demand continues to grow. Company plans to launch the establishment of Liuzhou Liu Potash Limited involvement of chlorine-free potash field, makes the industry chain extension. This not only meet the market demand, improve profitability, the company can effectively absorb new ammonia production capacity, improve the capacity utilization of synthetic ammonia to achieve the project's scale.
Fund Shigekura sideways awaiting a breakthrough in production of new projects will allow the explosive growth of performance of the company, which also makes the stock a fund Shigekura varieties, semi-annual report disclosed that the circulation of the top ten shareholders of the company are institutional investors, together holding 31.332 million shares, representing 30.9% of Liutong Pan, chips higher degree of concentration, including QFII and social security 104,106 ABN Amro combination of Ping An Insurance and other organizations for new entrants, investment in the sun a unique QFII, focus on security of investments and the asset value of the pension insurance funds without any intent to show the full value of G Liu G Liu of substantial high-growth potential. Stock shares after the reform has been relying on 60-day moving average band up, turnover pulse amplification, volume and price with the ideal, do indicate that the operation of the characteristics of long-term funds, the recent stock dropped again to 60-day moving average near the repeated shocks after the month-long Ready, the Unit confirmed the 60-day moving average support, followed by a modest rise in heavy volume is expected to resume its rally, investors may be bargain-hunting interest.
Historical Information: Liu of shares (600,423): Yi, Department Shigekura significantly undervalued high-quality machinery shares June 14, 2006
Source: Huatai Securities Author: Chen Huiqin
In the context of macro-control, the company's industry position has been further enhanced in 2005, the company still achieved good operating results in 2005, earnings per share 0.44 yuan, in 2006 a quarter of earnings per share 0.16 yuan, an industry leading products status has been further enhanced. Among them, loader into a sales increase of more than a wide margin to maintain the industry's first position. With the "Eleventh Five-Year" plan becomes clearer, road, rail and urban transport investment plans have been proposed, the latest statistics indicates that more than 25 cities have declared their own construction of urban rail transportation planning, with a total investment of about 800 billion yuan. In addition, the "Eleventh Five-Year" period the construction of the rural road network with the county road network construction investment equally large, these projects are for a gradual start to create strong demand for construction machinery. One-quarter profits surge in machinery industry, machinery industry growth forecast of future performance. A quarterly show, easy to square up strategy, easy to square up to a smooth, easy to square up to positive growth, easy to square up to 100 and sections of the Exchange Fund Masukura obvious. Today, we see that Yi Fonda raised new funds in the post-G-100 system easily, Suning Appliance have made edge, we think the stock and the same plate as compared to other stocks currently seriously undervalued stock price, the stock market outlook has the opportunity to rebound. Investors can still bargain-hunting interest.
