Category: Money tips Release Date: 2006-08-23
Salt Lake Group intends to use the digital S * ST listed as a whole. S * ST Digital (000,578 market, information, reviews, search), said today's announcement, Qinghai Salt Lake Industry (Group) Co., Ltd. invested 270 million yuan to be acquired S * ST Digital 53.63% stake, and to address the company's non-compliance issues guarantees and debt settlement the same time, the digital network will absorb the combined Salt Lake Group, and immediately after the implementation of the overall stock market reform.
Daily Morning Post, the latest research and information under the control of potassium chloride 8 Salt Lake Potash production capacity is higher than Salt Lake Group. According to equity basis, the current Salt Lake Potash is currently controlled by potassium chloride production capacity of about 1.1882 million tons; while the Salt Lake Group, controlled by the capacity of 854.5 thousand tons of potassium chloride.
Salt Lake Group's good earnings. In the potash industry is still optimistic circumstances, the Salt Lake Group's effective control of potassium chloride production capacity of 854.5 thousand tons can guarantee the profitability of the Group of Salt Lake at a high level, another group has a flotation agent in the production business, which mainly chlorinated potassium production of flotation agents, profit is fine, the estimated annual profit of 4,000 million.
Salt Lake Group's overall market may affect the future development of Salt Lake Potash. If the Salt Lake Group to achieve the overall market, Salt Lake Potash in the expansion of other products may have more trouble, because groups may be out of strategic considerations and the other products on the group level, thus ensuring the steady growth of the group's profit. Qinghai Salt Lake Potash profit growth in nurturing other progress might be lower than expected. But from the perspective of Potassium Chloride, Salt Lake Potash will continue to be the only group of enterprises engaged in production of potassium chloride, potassium chloride on the future of the Group to develop plans for capacity expansion should be in the stock company (ie, Salt Lake Potash) for. In the potash industry, continue to be optimistic, and the company's potassium chloride production capacity is expected to expand steadily, the company's future performance will also be shown a steady growth. We expect the 2006-2008 Salt Lake Potash earnings per share were 0.90 yuan, 1.17 yuan and 1.26 yuan.
Reduce the stock investment rating to "overweight." If the Salt Lake Group to achieve the overall market, the future development of Salt Lake Potash will be subjected to certain restrictions, so we reduce the company's stock investment rating to "overweight."
