Category: Money tips Release Date: 2006-01-01
Source: and News
Transaction Reason: Tianlun Holdings Limited, the major shareholder of several billions of dollars of assets into the listed company, but will also greatly enhance and promote the company's development potential.
Investment Highlights:
1, the company continues to deepen the adjustment of industrial structure, optimize the allocation of resources, and further refine the core business. Results showed the dwindling trend of the Songhua River ropeway equipment, the transfer of assets as a whole, auction bid of Guangzhou Yangcheng Building project, the Guangzhou Tianlun home building project (ie, Lianhua 2) is also the smooth progress according to plan.
2, Guangzhou's real estate market has long maintained a good development momentum, the company's current real estate projects with strong market competitiveness, and the company is actively looking for new real estate projects or other projects for sustainable development capacity in order to keep to add a new profit growth point, thus ensuring the company's future operating results.
Risk Warning: The company in 2005 realized main business income of 12.36 million yuan, 94.54 percent decrease from a year earlier; realized main business gross profit 3.4 million yuan, 93.35 percent decrease from a year earlier; to achieve net profit of 2.35 million yuan, representing an reduction of 89.47 percent a year earlier.
Investment Recommendation: Since the Tianlun Holdings Limited took over the company, after several years of industrial restructuring, has positioned the company main business in real estate development and leasing business. To recommend appropriate attention. The first reference to target a 5 yuan.
Historical Information: G Tianlun (000711): a pure property Pocket small-cap stocks April 29, 2006
Source: Shanghai Securities News Authors: Yang Huizhong
G Tianlun (000711) In recent years business has been completely transferred to the southern city of Guangzhou developed originally in Heilongjiang were basically the realization of assets, making the company entirely as a pure real estate, small-cap high-growth real estate listed companies. The company currently has the "Family home building", "Yangcheng Building", "Guangzhou Tianyu Garden, the fifth floor of the assets" and so on. With the headquarters will be relocated to Guangzhou, the "Family home building" complete capping, "Yangcheng Building" into the completely renovated, familial home buyers will continue to rise along with real estate on the road of high-speed stability and development.
"Family home buildings" and Lianhua office building adjacent to the ground 25 floors 3 floors underground, in the share reform on polling day March 24 the smooth cap. At the highest level will be used for corporate headquarters office, the rest of the 27th floor will be fully foreign rental, the "Family home building" both benefit from the appreciation in the property, but also able to bring more than 4000 million in annual rental income, for a total share capital 107.2 million to spend with the family, there is 0.4 yuan per share earnings. Lianhua Building Project Sub-A and B Building 2 office buildings, including building area of 33000 square meters Building A, there are Guangzhou, etc. Check the SASAC, B Building is just cap the "Family home building."
"Yangcheng Building" is a well-known residential flats in Guangzhou. Owned subsidiary of Guangzhou Run Long Real Estate Company in May 27, 2005 King won through auction in Guangzhou Dongfeng Road and benevolent rule, and Hao Yin Road at the junction of Road No. 102, "Yangcheng Building" real estate projects. In February 2006 into the completely renovated, on the ground 30 floors 3 floors underground, the project is located in Guangzhou City, the heart of downtown office district, uses the high-grade office buildings. The project covers an area of 1862.35 square meters, construction area of 37,677 square meters, the amount of 104,152,500.00 yuan auction. Companies by market conditions in June 2005 estimates, the company for the project can be achieved by completion of an additional investment of 50 million yuan into the indoor conditions, the project is expected to total sales, after sales revenue of about 240 million yuan. After a year in Guangzhou property prices soared, "Yangcheng Building," more will be the company's new profit growth point, the project can be completed in 2006, completely renovated for the 2006 annual results will have great contribution.
Guangzhou Tianyu Garden, the fifth floor of the assets each year for the company leased to bring stability to earnings, without any burden for a small-cap real estate companies, the future development potential has been put out in front of investors. The company's financial statements showed that 135.5 million in the inventory of assets, the real estate appreciation in recent years in a vast reservoir of wealth, there is 1.19 yuan per share, undistributed profits, dividends to the company lay the foundation for a high percentage.
Company's total capital stock after the implementation of reform 10,726.56 million shares, non-tradable shareholders for every 10 tradable shares are required to send shareholders 2.730 shares of all major shareholders in the four years ago to 2.8 yuan to buy shares, in accordance with the sending rate of 27.3%, the cost has been raised to 3.85 yuan. Tianlun Holdings Limited shareholders equity ratio has been reduced to 20% in the vicinity, in order to maintain a controlling position of the secondary market will be overweight, the company also intends to conduct an overall listing, the major shareholders Tianlun Holdings Limited, the assets of billions into the listed the company, but also will greatly enhance and promote the company's development potential. Of particular note to say that, as the majority shareholder, Chairman Mr. Zhang Guomin Tianlun Holdings Limited as a listed company to take personal loans to joint and several liability is entirely different from other companies in the market's move to raise the investors of the trustworthiness of public companies . For the net assets reached 3.27 yuan to spend with the family company, the new one, "Ravens changed Golden Phoenix," the true story of the forthcoming show in front of investors.
In the broad market into the third cycle of the main Shenglang in Guangdong Province this week, a lot of real estate stocks have begun to enter the acceleration of the torch high for three consecutive limit-stimulated market, Yue Hongyuan A, Hengda Real Estate, G Suizhu Jiangdu performance surprisingly strong. As a Guangzhou property of a pure pocket-sized Small Cap G familial long-term investors should also be concerned about.
