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【爱建证券】维维股份:收购枝江酒业51%股权事件点评

愛建證券 ·  Oct 14, 2009 00:00  · Researches

Comment: Investment advice: Weiwei Co., Ltd.'s main business is soy milk powder and dairy products, and the business scale and profit level are growing slowly. The company actively expanded new profit growth points, established a strategic goal to enter the liquor industry, and successfully invested in the shares of Jiangsu Shuanggou Liquor Co., Ltd. from November 2006 to September 2009. At the request of Suqian City in Jiangsu Province, the company transferred all of its shares in Jiangsu Shuanggou Liquor Co., Ltd., and then invested 348 million yuan to acquire 51% of Hubei Zhijiang Liquor Co., Ltd. It is estimated that the invested company will bring net profit of more than 40 million yuan to Weiwei Co., Ltd. every year. The company's asset size, asset quality, risk resilience, and profitability will be improved. The company's rating was raised from a “neutral” rating to a “recommended” rating, and investors were reminded of the risk of high price-earnings ratios.

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