Category: Money tips Release Date: 2006-12-05
Source: PENG North Wansheng company by the end of 2003 in Xi'an High-tech after the success of actively entered the real estate, science and technology, changes in the acquisition of real estate development limited liability company Qujiang 90% stake in the agreement, its main business achieved by the iron and steel to the real estate development, operation and complete transformation. The company's major shareholder is strong in the western area of real estate to Wang, the last decade, Xi'an High-tech Zone on the accumulated concentration of new development and construction of Area 4 square kilometers, goods real estate development more than 200 million square meters area, completed an investment of 4 billion has accumulated 2.2 billion enterprise assets, and successfully shape the "new real estate" enterprise image and the "Maple Leaf Series" brand names. Maple Leaf series of high-tech real estate projects have been awarded for five consecutive years the Ministry of Construction, "National Urban Property Management excellence model residential district," the title was awarded for the first developed at national level qualification and a qualified property management enterprises, and become China's housing industry-organized by . Now the majority shareholder has been part of the replacement of real estate projects into the listed company, G is also an active source of heaven and earth to seize the opportunity for rapid development of real estate investment giant "Fenglin Oasis" the smooth implementation of project development for the company to lay a solid long-term performance guarantee basis. Occupied by Shangri-La's First International City project 1000 acres of land expropriated by the Government this year will receive a huge compensation for the performance in 2006 is expected to appear surprised.
At the same time, the company developed the "Heaven and Earth Source Qujiang Washington" covers an area of 206 mu, building area of about 22 million square meters, greening rate of 44%. Open the first day of launch more than 500 sets of Forward House has received more than 300 sets of room booking, the whole "Heaven and Earth Source Qujiang Washington" project is completed, expected to be more than one billion yuan sales revenue. Heaven and earth sources in Suzhou Industrial Park started building the source of heaven and earth olives Bay project, shortly before the groundbreaking, which is the source for the first time heaven and earth out of the west, across the regional real estate development of the first item. It is understood that the source of existing land reserves heaven and earth resources to meet the company's development needs in the next 3-5 years. Since the current cash flow in good condition, smooth financing channels, the company also plans to overweight Xian, Yangtze River Delta, Bohai Sea, the Pearl River Delta region and other hot spots of land resources. Results are expected in 2006 will be steady growth in 2007 is expected to usher in growth performance of the outbreak.
In addition, the company's major shareholder is also involved in bio-medicine, electronic information, new building materials and other high value-added industries. Is currently listed as a whole is a general trend, a major shareholder is likely through the issuance of more high-quality real estate projects and its high-tech industries into the listed company, which will greatly enhance the stock room for growth.
Stock price will break through pay close attention to the secondary market shares finishing a very full, the stock is only 3 yuan more than the current upward pressure on near-bit, once the breakthrough, afternoon is big and worthy of close attention.
Historical Information: G heaven and earth source (600,665): a low-risk development prospects of the company's future worth looking forward to June 25, 2006
Source: China Merchants Securities Research
Xi'an, the real estate markets are facing a good opportunity for development. Xi'an opportunities are mainly embodied in the following points: 1, Xi'an real estate market at current prices are so low that its impact is currently little regulation of real estate; 2, Xi'an city demolition will enter a peak (large numbers of people migrate to the city from tomorrow outside the city); 3, with the mineral resources such as Shaanxi, the gradual development, coupled with Xi'an in the northwest region has obvious geographical advantages as well as other resources, thus Xi'an is expected to be greatly developed the real estate market.
Xi'an High-tech Zone has been developed very mature. As the Xi'an High-tech Zone and the other development zones in China's development model with a larger difference, first of all stressed high-tech zones should have a market function, the various ancillary facilities in Xi'an High-tech Zone is well established, local real estate prices have become second only to Xi'an the city area. In addition, Xi'an High-tech Zone is currently 53 high-tech zones in the country ranked fourth, and its development has been fully recognized, it is very likely to continue to receive strong support of the local government (including the expansion area possible).
Relatively stable performance of the company. Company's current major development projects are mainly residential Fenglin oasis, with a total construction area of 1.2 million square meters, there are still about 2 / 3 is not settled, the current selling price of 4,000 yuan / square meters; the other projects Qujiang Washington, floor area 200,000, sales price of about 4600 yuan / square meter and 5600 yuan / square meter. Both projects are in the high-tech area and near the world by the source as well as the number one brand in the northwest region of these two projects look at the real estate developments, sales pressure is not great. The company also has two commercial real estate projects: high-tech business and electronic building blocks are in high-tech zone, with a total construction area of about 10 million square meters, will be taken to rental binding mode of development. Results expected in 2006 steady growth in 2007 is expected to usher in growth performance of the outbreak.
Company is through various channels to increase land supply. The company has made products Ba River Development Zone, 1000 acres of land near the reserve, while in Tianjin, Shenzhen and Suzhou, or basically have achieved a certain amount of land bank, another company trying to Xi'an other efforts.
Majority shareholder power should not be underestimated. Major shareholder is the Fortune 500 companies, now has a large land reserve, even though within the group to be further integration of the real estate business, but heaven and earth source of the current status within the group, as well as major shareholders in the capital market on the backdoor behavior, heaven and earth source should be will gradually become the Group's flagship real estate business enterprises, access to the full support of major shareholders.
Initially given the "Recommended-A" investment rating. After a preliminary analysis, I think that heaven and earth source of the company's asset quality and excellent performance the past two years, will maintain stable growth, the company is trading risk is low. The company's future development is likely to be substantial room for expansion, so the company is now in a long-term investors, concerned about the future, I will keep close track to the investors to make more timely and specific investment advice.
