Category: Money tips Release Date: 2006-02-15
Source: Guoxin Securities Author: Cao Jianbo
Eleventh Five-Year period, China will build 19,800 kilometers of new railway lines, of which passenger line 9800 kilometers, a total investment of about 1.2 trillion yuan. These costly construction of the railway construction will take longer to railway infrastructure company a market space beyond the imagination, thus, afternoon can focus on the situation of Fe 2 (600,528): The company is China's large state-owned engineering and construction enterprises, the railway system is also the only one listed in the railway construction company, has twice ranked "China's 500 largest industrial enterprises in the construction," the first place. Should focus on is that, the company will issue additional direction to acquire the Group of high-quality real estate projects, will drive the future performance of the company into the high-growth phase, resulting company has a hot real estate concept of the Olympic Games! Dark horse on the secondary market, the largest with 601,588 North Star due to the Olympic themes have been frantically pulled up the property more than 50% gain in profit effect is obvious, China Railway Bureau, as the two share a hidden theme, a great probability to follow the previous afternoon, it is worth concern.
Highlight the theme of the leading rail growth
The company is China's large state-owned engineering and construction enterprises, is also the only one railway system in the railway construction of the listed company, has twice ranked "China's 500 largest industrial enterprises in the construction," the first place. Focus on main business structure more prominent, the railway construction of the main business revenue has been occupied about the proportion of income Qi Cheng. More importantly, the company's contribution for the Qinghai-Tibet Railway will be much more than a 10-tenders. According to the forecast, the extension of the Qinghai-Tibet railway line has been incorporated into the government's vision. After the completion of Qinghai-Tibet Railway, will invest tens of billions of yuan to Lhasa Railway Station as the center outward radiation, and then the construction of three branch lines. These three lines are: from Lhasa to Nyingchi, Lhasa to Shigatse, Shigatse to East Asia three Qinghai-Tibet railway lines, and strive to open to traffic within a decade all. By then, the Qinghai-Tibet Railway will greatly these three extensions to form a Y-shaped, with a total length will reach more than 2000 kilometers. Excellent position of the company's industry is bound to occupy a place in these projects.
Olympic Real Estate unlimited imagination!
It is noteworthy that, the company pre-release announcement will be directed issue A shares to raise no more than 15 billion yuan of funds. Is mainly used for acquisition of China Railway Group Limited held by the two Council-owned eight real estate development company shares. Bureau of China Railway two decades, eventually finding contract work throughout the country, in the planned economy era, a lot of low-cost reserves of land. The acquisition of the Beijing Real Estate Development Co., Goldman Sachs, the development of Beijing Silo City approved a total area of 269.8 thousand square meters for pre-sale has been contracted sales area of 154.9 thousand square meters, there may be on sale at an area of 88.6 thousand square meters. The current price is expected to not only the sale of an area in the future that is 727 million yuan of sales revenue, net profit margin of 10% of sales may give rise to 072.7 million yuan net profit, while the total sales revenue of approximately 2.2 billion, net profit about 220 million yuan. 2006 Beijing Real Estate Development Co., Goldman Sachs is expected to enter the project's profit stock company, according to 10% of the net profit rate of sales, 50% of the shares of about 110 million yuan to bring about corporate profits; to a number of real estate projects in 2007 will gradually produce results, we conservatively estimated the company will bring 2 billion in net profit. Taking into account the company's acquisition of additional assets, real estate project to the company profits will occupy half of net profits. The Unit is currently still at a relatively low share price, in the North Star is currently under the effect of continuous stimulation of rising short-term is expected to explode at any time up, cause for concern.
Qi Wen-year line at eruption is imminent!
Secondary market point of view, the stock recently, the main force against the broader market while deliberately suppressed, the trend is completely out of second-tier blue chip varieties. However, we note that the amount of stock can be a serious recession down the process, there is no sign of capital flight, the main Xipan signs apparent. Week 2, the Unit line of the year at Qi Wen, moderate heavy volume of close out the yang, eruption of Quotes is unstoppable, we recommend investors to pay close attention.
