Category: Money Tips Date: 2006-09-09
Source: Kim Merrill Lynch Investment Author: Huang Min Hong plate is China's important production base now has an annual output of 10 million tons of iron and steel production capacity, with mining from the mining, coking, sintering, smelting, steel rolling and other set of process equipment. The size of the domestic company ranked 3, the world ranked 25. The company is the leader in high-grade steel products, cold-rolled silicon steel, cold-rolled plates and other prominent high-end products a competitive advantage. Companies active in recent years, product upgrades, high added value and high-tech products increased from 56% last year to a rapid end of the quarter to 78%, which the company provides a solid basis for sustainable development. Company is the only one cold-rolled silicon steel production-oriented enterprises, to the end of production capacity to 65 million tons of cold-rolled silicon steel company's gross margin reached 35%, is the domestic iron and steel products, the most profitable varieties, is expected to become the company's future performance boosters. Whether domestic or international, to the great demand for silicon, a serious imbalance between supply and demand, their prices are way up, Wuhan Iron and Steel, as the only manufacturer with a huge advantage, the future, as well as prices increase, will the company great profits.
Emerging iron and steel industry at home and abroad in recent years, major restructuring matters, the world's largest steel companies announced the acquisition of Mittal Group, the world's second largest steelmaker Arcelor, attracting the attention of global investors. In China, the restructuring of China's steel industry mergers and acquisitions are also in the hot phase: re-establishment of Anshan Steel and Benxi Iron and Steel Angang New Iron and Steel Corporation, Maanshan Iron and Steel and the restructuring of steel is also co-launched, Baosteel Group, Handan Iron and Steel largest holding tradable shares, while Wuhan Iron and Steel Group E also successful restructuring of steel. All this shows that China's steel industry is entering a new period of development and large-scale reorganization of mergers and acquisitions have brought tremendous room for imagination.
Report of 2006 shows, including the State letter, Everbright Securities, Pufeng funds, and so heavily loaded with a number of brokers or fund, while the stock price-earnings ratio is only five times, but also seriously underestimated the value is displayed. The secondary market, the stock had a wave of pre-ascribed, followed by low-order, has been poised at the bottom of the sideways, the current order has been very good, afternoon is expected to counter-attack out of the bottom of the market, can be great concern. Historical Information: G Wuhan Iron and Steel (600,005): blowout just around the corner at the bottom of the continuously rising speed up the May 26, 2006 Source: Kim Merrill Lynch Investment G Wuhan Iron and Steel (600,005): The company is the leader in high-grade steel products, cold-rolled silicon steel, cold rolled plate contour outstanding end product a competitive advantage. Companies active in recent years, product upgrades, high added value and high-tech products increased from 56% last year to a rapid end of the quarter to 78%, which the company provides a solid basis for sustainable development. Company is the only one cold-rolled silicon steel production-oriented enterprises, to the end of production capacity to 65 million tons in the first quarter of this year produced 230,000 tons, maintaining rapid growth.
What is more noteworthy is the company's gross margin cold-rolled silicon steel reached about 35% of domestic iron and steel products is currently the most profitable varieties, is expected to become the company's future performance boosters. Whether domestic or international, to the great demand for silicon, a serious imbalance between supply and demand, their prices are way up, Wuhan Iron and Steel, as the only manufacturer with a huge advantage, the future, as well as prices increase, will the company great profits.
Emerging iron and steel industry at home and abroad in recent years, major restructuring matters, the world's largest steel companies announced the acquisition of Mittal Group, the world's second largest steelmaker Arcelor, attracting the attention of global investors. Mittal Group over the weekend from 28.21 euros per share purchase price to 34.84 euros, the total purchase price from the 19 billion euros to 25.8 billion euros. Affected by this news, Arcelor shares on the 19th in Paris, the stock market soared 8.88%. In China, the restructuring of China's steel industry mergers and acquisitions are also in the hot phase: re-establishment of Anshan Steel and Benxi Iron and Steel Angang New Iron and Steel Corporation, Maanshan Iron and Steel and the restructuring of steel is also co-launched, Baosteel Group, Handan Iron and Steel largest holding tradable shares, while Wuhan Iron and Steel Group E also successful restructuring of steel. All this shows that China's steel industry is entering a new period of development and large-scale reorganization of mergers and acquisitions have brought tremendous room for imagination.
The secondary market, the company has been the focus of the main institutions favor the circulation of the top ten shareholders of all of the brokerages to jointly holding more than 1 billion shares, accounting for the actual flow of the current share capital of more than 45%, so focused brokerage holdings presaged Unit broad space for the future. From the trend analysis, stock from the middle of last year started around 3 yuan to build a large box, after the publication of annual reports and quarterly there have been substantial Xipan market, short-Fu Chou effectively cleaned, and then expand vigorously pulled quotes, Monday, on heavy volume again and effective platform to attack from the front, up the space to completely open, we recommend investors to focus on.
