Category: Money tips Release Date: 2006-06-03
Source: Shenzhen New Rand Authors: Lai Xu broadcast
Today, there ascribed to broad market decline, the recent strength indicator stocks led the market once again had 1700 points, the vast majority of the stock appeared stagflation, a phenomenon and the recent introduction of stock index futures on the upcoming, institutional strategic resource reserves should have a very large relationship . A number of high-quality large-cap stocks from the market since there have been no good investment opportunities, such as G with a length power of its profitable monopoly obvious features, the future of the company's expected rate of return to long-term security, we recommend investors to focus on.
G Long Power: The total share capital of 8.19 billion shares, outstanding shares of 3.24 billion shares of high-quality blue chips. Main electric power production, management and investment; electricity production technical advice; hydropower project repair and maintenance. Is one of the nation's largest hydropower.
National Electric Power Industry leader highlights long-term value of
Company is a leading enterprise in China's electric power industry, but also one of the country's largest hydropower. Principally engaged in hydro-electric power business. According to relevant statistics show that by the end of 2005, China's power generation installed capacity of 508.41 million kilowatts in 2005, the year the amount of 2.4747 trillion kilowatts electricity time, an increase of 12.8% per year to 2.4689 trillion kwh consumption society, an increase of 13.45%, both ranking second in the world. but in per capita terms, China's current electricity consumption levels are still at a low stage, per capita electricity consumption is about half the world average, as China's steady economic development, electric power continuously push forward reform, as well as rising consumer demand, the demand for electricity consumption will also increase. Eleventh Five-Year plan in accordance with the requirements China's electricity demand growth rate will remain at around 6-8%, to 2010, electricity consumption in the whole society to reach 3.4 trillion kwh, and the corresponding capacity has reached about 700 million kilowatts. At the same time in accordance with national environmental strategies for policy, the premise of protecting the environment Clean under the orderly development of hydropower resources, planned installed capacity of hydropower increased from 2004 to 24.6% increase in 2010 to 29%. the steady development of the industry's future development for the company provides a broad market prospect. The company has a hydropower corporate policy advantages, low-cost advantages, scale advantages and technological advantages, the continued growth of installed capacity is also supported by a steady increase of the power performance of the company. As the nation's largest hydroelectric company, G Long, 2006 semi-annual report shows only 2498 priced electricity intangible assets yuan, the company is currently installed capacity of 6.935 million kilowatts, per kilowatt hydroelectric generating the intangible asset corresponds to only 3.6 yuan per kilowatt installed capacity of hydropower generated by income from electricity sales for one year at least 1,200 yuan, the company hydropower is far more than 20 actual hours of operation years. in the coal, oil and other primary energy rates, with a background of rising mining costs, the water and electricity prices steadily rising long-term trend. The company's implied value of resources significantly undervalued, and its value will be highlighted even more as time goes on.
Reduction of 800 million shares of China Construction Bank will carry 2 billion Hong Kong dollars
G Board of Directors has issued a long electric bulletin said the China Construction Bank IPO as one of the founders of the China Yangtze Power decided before the end of next year reduction of more than 800 million shares of China Construction Bank shares. Experts estimate that at current market prices, G may, by a long electric This cash in about 28 billion Hong Kong dollars. G a long line of power as one of the founders to build a total of 2 billion shares of China Construction Bank holds shares in the cost of 1 yuan per share. while CCB is currently the latest prices at 3.5 Hong Kong dollars from top to bottom, if the reduction of 800 million shares, his cash to about 28 billion Hong Kong dollars, the potential gains of up to 20 billion HK dollars. by the end of 2007 can be realized before the investment income will be at 20 billion increase for the role of EPS reached 0.24 yuan, combined with realized investment gains 2007 full-year results will be 0.60 yuan, the dynamic price-earnings ratio will be about 10 times. and a major shareholder in the share reform promised by 2010 the proportion of annual cash dividend will not be less than the current to achieve 65% of profits available for distribution. As the acquired in 2006 shelved, runoff insufficient, the two non-persistent factors make the company's profit growth temporarily into low ebb. However, this low power so it is involved in long-term growth momentum is clearly visible, the continuing generous dividends the best blue-chip companies opportunities.
Secondary Market: Unit for short-term negative factors that affect the company's stock price continued to fall, but its long-term investment value causing the share price continued to fall with very limited space, while the recently announced favorable to enhance future earnings information will significantly enhance the level of G valuation of long-electricity. With the introduction of stock index futures, both in the short term or long-term investments are worthy of our active interest in investment.
