Data:2009-12-12 2:34
Category: Money tips Release Date: 2007-06-26
Building shares (600,327 market, information, reviews, search) had acquired Yin Chun process to a successful transformation of commercial buildings. Commercial buildings in the main building is currently Yin Chun basically been completed, because there is a five-layer and above the lease of the business in 2009 for compensation for surrender of tenancy has not yet been completed, may be slightly delayed, but little impact on the overall layout. At present the company Yin Chun-commercial ratio of 79% stake in company is currently planning how to stake on the Yin-chun increasing the ratio of commercial to 100%.
It is understood that Yin Chun commercial whole project is expected to be completed in 2007 6,7 month, the current investment has been ordered to carry out together. The company had 2.5 million square meters of business area department stores achieved nearly 850 million in merchandise revenue, and ground effect level of 3.4 yuan / square meter, Class A shares in the domestic department stores in the forefront, it is sufficient to prove the viability of the company. Tapping the potential of the floor in the building have been more successful, many of the brand because the area is not impossible to introduce the circumstances, the building area of nearly double the share of this business expansion of the upgrading of its future performance has laid a solid foundation, but the new area is basically does not require too long a gestation period, the company's profits for 2008-2009 from the department store explosive growth can be expected there.
Hai Tong Securities analyst Ying Lu believes that 06-08 years after the company forecast earnings per share were 0.29 yuan, 0.36 yuan and 0.50 yuan. Since 2006-07, by the construction, decoration, rectification and so the impact performance of the company's growth may slow, but after 2008 the growth prospects are available period. Raised its price target to 10.80 yuan, to maintain "overweight" investment rating.