Category: Money Tips Date: 2006-09-19
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China Television Media (600,088) Company is expected to shareholder support, the help of 2008 Olympic Games, through the integration of the assets involved in the new media business, now in the business transformation of the inflection point being, the trend of the past six months is also a strong Jin Xian, the current stock price in the upward rise in the triangle on the eve of a breakthrough and could be pay attention to.
Historical Information: G CTV (600,088): eight years, ten times the latter part of his turn is expected to show a strong leader and then broke style June 10, 2006
Source: The more sound financial management by: to enter
Recently, science and technology communication simmering plate disk, especially in a short line of G Datang shot up 20 percent in three trading days as much as the market can not help but feel it: technological age will once again be coming! In fact, careful investors can find point in the index from 1000 up to now in the process of around 1,700 points, the other plate has been performing both on stage alone quietly lying on the bottom of the tech stocks have not shown!
This is obviously, "former leader in market sentiment, known as a" serious mismatch. Therefore, when the broader market once again in the Threatened, both from the sector rotation or from the perspective of leading the market sentiment, the main plate as a technology tool for Guan Chong are undoubtedly the most sensible choice! Proposes a focus on media, technology and market leader ---- G pairs in popularity, as (600,088): The company backed by the strength of the CCTV, very strong development potential, especially in its semi-annual results have been pre-increase, the more the Unit to provide surge opportunity. on the market with only local television station broadcasting the background G-shares up as much as 15 yuan, which currently has only 13 yuan to succeed, compared to Zhang Sheng space greatly.
According to the latest research, cable network company's core strengths lies in the basis of business income is extremely stable, with a monopoly and strong profitability. G Radio (600,831) within a year, rose nearly 245 percent in support of a strong trend of cable companies lies its charm. Radio and television with G (600,831) form a "neck and neck, planes Dingli," The potential of the G, as (600,088) who turned eight years, ten times the performance of high growth is also expected to striking, catch up with G radio and television.
Digital TV's attraction lies in its growth! Affect the G, as (600,088) valuation of the biggest thing is that the Chinese and the media as the media and the number of co-operation in high-definition television channel CCTV (hereinafter referred to as "high-definition CCTV") on January 1 this year, officially launched! Responsible for channel content delivery, as the media will share in high-definition CCTV 35% of all income and, therefore, into the growth cycle!
Predicts that high-definition television household user fee for the annual 1,000 yuan, equivalent to 83 yuan per month, much higher than the current domestic more than a month to twenty-odd basic charges. In accordance with the company expected, HD channel launch year (2006), the user of up to 10 million, and the subscription fee revenue of 1 billion yuan; less ground network is divided into 50%, depending on the number of media and the media will receive 50 million revenue, in the depending on the media will be distributed pro rata to 3500 yuan (namely, the preservation at the end of income). Namely, high-definition this year, the CCTV project company will be assigned to at least 35 million.
Looking to the future. In the future, high-definition studio gradually became mainstream, high-definition channel CCTV vision of the next three logical business model may be as follows: First, to become the most expensive CCTV, the most high-end premium channels; secondly, to become popular pay a fee CCTV channels. Third, becoming a popular free CCTV channels. Strength of institutions predict that: In the first, the second long-term operating model, depending on the media obtained in 35% of their income, estimated value of this pay channel charges will be at least 10 million or more, depending on the media in income earned at least 350 million above. This corresponds to 1,000 yuan / year to 10 million users and 100 yuan / year 10 million users. In the third long-term business model, according to China Central Television in 2005 advertising revenues of about 100 billion to speculate that the magnitude of value of this channel's business will be at least 10 million or more, depending on the media in the revenue will be 350 million or more.
In addition, G radio and television (600,831) that the biggest difference is that G, as (600,088) of the share reform is very high gold content, stock change is the biggest highlight of commitment! China Central Television's actual controller implementation of the program committed to self-stock reform of the Day (July 4, 2006), the one year extension with the visual media on the central set of eight sets and 10 sets of the existing advertising agency rights, digital high-definition service contracts and equipment lease contracts contract time to December 31, 2011; China Central Television will carry out more in the media as the business cooperation; and actively supports the visual media in the form of equity investment involved in the CCTV business development of new media that the sustainable development of the company bring new opportunities.
CITIC Securities analyst estimates, as the future of the media obtained from the CCTV's HD income: in 2006 3,500 million in 2008 to 122.5 million yuan in 2012 to 350 million yuan. Of its net profit estimate was 525 million, 24.5 million yuan, 1.23 billion yuan, respectively, on the enhancement of earnings per share of 0.02 yuan, 0.10 yuan, 0.52 yuan. The 2004 G, as (600,088) is only 0.05 yuan per share, if its performance in 2012 to reach 0.52 yuan, which in turn is equivalent to ten times the performance of the company for eight years! Its growth is expected to catch up on the Gehua.
Unit Unit 15 trading days before the change, once rose 78%, the super main intervention is very obvious. July 4 to change the unit shares resume trading day, the volume dramatically enlarged the main disk show intentionally suppressed Xi Pan is quite obvious. Wednesday, the stock shock rise, Handicap selling, extremely light, the main force of will to do more firmly to the latter part of its expected strong broke out, and then show the leading style, can focus on!
