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Data:2009-12-12 2:34
Source: Beijing Times Author: Ji-Liang Hou
At present, some iron and steel shares were undervalued, the domestic steel companies to reset the cost of 2,000 yuan per tonne, while Shaoguan Iron & Steel 2005 annual production capacity of 4 million tons, worth 4.1 billion yuan, 1,000 yuan per ton, the market value, replacement cost 10.0 billion current market value of accounted for 50% of replacement cost, market value per tonne of steel underestimate the apparent value of its acquisition. Guangdong is the country's largest steel consumer market, annual consumption of steel products in more than 20 million tons, which makes the company a market advantage obvious. According to the Guangdong Eleventh Five-year development plans, plans to invest 11,000 billion, which is more the company provides a good opportunity for development and market space. In addition, the Baosteel Group, Shaoguan Iron & Steel Group has signed a framework cooperation agreement. From the reorganization of view, although not yet clear, but it is likely to take two steps, that is, to set up a joint venture controlled by Baoshan Iron and Steel to operate in iron and steel project in Zhanjiang, Shaoguan Iron and Steel acquired by the Baoshan Iron and Steel, which is a listed company G major shareholder of Shaoguan Iron and Steel , Zhanjiang steel project will eventually be placed in a listed company; while another program may be based Baoshan Iron and Steel Group and Shaoguan Iron & Steel Group signed a framework agreement, if the Zhanjiang project is approved, will Shaoguan Iron & Steel Group's high quality assets into the joint venture, while the so-called high-quality assets should be "is the listed company." Although the two listed companies and the two groups neither openly admitted that re-issues, but the market is expected to re-Shaoguan Iron & Steel Group, Baosteel Group has been only a matter of time for the market, the theme will be reflected in the stock on the advance, G Shaoguan Iron & Steel recently began to have buying into the initiative, perhaps the secondary market does not rule out re-interpretation of G Handan Iron and Steel market reaction. Suggested an active interest in the Unit.Historical Information: G Shaoguan Steel (000,717): operating results will gradually rebound in June 3, 2006
Source: and News
According to the latest research, G Shaoguan Steel (000,717) in the "Tenth Five-Year" period were boosted development and building a 5 million tons of annual steel production platform, but compared to other domestic medium-sized steel companies, Shaoguan Iron & Steel is relatively slow development of . The face of increasingly fierce competition in the domestic environment, the company has a strong desire to accelerate development. Combination of iron and steel base in Zhanjiang, Guangdong Province, the construction of the needs of Shaoguan Iron & Steel Joint Baosteel's intention is very obvious. In accordance with relevant industry information, Development and Reform Commission may have to send assessment team to visit Zhanjiang steel project, the earliest by the end of the project will be approved. At the same time, to meet the project strive for, the company has accelerated substantive restructuring of the joint operation of the near future may be breakthrough in the negotiations.
