The four dimensions are optimistic that the company will grow into a global security operation service platform company: from the four dimensions of industrial cycle, national policy cycle, the company's internal development potential, science and technology dividend, the company will grow into a long-term generous industry leader. The layout of the major security platform based on "information security, industrial security and personal security" is complete, and the global M & A feast begins! The upgrading of security operation from hardware manufacturing to operation service is an opportunity of turning point in the industry. due to the regionalization characteristics of the industry and high customer stickiness, security operation completes horse racing enclosure through global mergers and acquisitions to accelerate global layout. and through a number of businesses to provide value-added services to accelerate growth is the core business model of the international leader. Zhonganxiao, which began to lay out security operations in 2010, has begun to accumulate technology and explore business models before the industry. The chairman has gone through more than 60 mergers and acquisitions since he started his business. listed on the New York Stock Exchange, the stock price of 22 mergers and acquisitions has risen 50 times to fully demonstrate the company's M & A genes, and can be fully integrated into its own corporate culture, and its overseas M & A team strength is famous in the industry. Fully adapt to the core business model of the global leader in security operation, this resumption of trading will become the global security leader's strategic pattern in the next three years. Through endogenous extension, the coordinated development of many businesses, the global M & A feast has opened and ushered in the stage of rapid growth!
Around the three major security, global asset integration, build a comprehensive security operation platform. China's security operation service market starts in the blue sea, from 0 to 1, and the scale is expected to rise from 40 billion to 200 billion yuan. China Anxiao builds a large security platform around the trinity of "industrial security, information security and life security". First of all, it continues to acquire mature security operation and service companies overseas. after Macao, Hong Kong and Thailand, we will further build the security service system in Asia-Pacific and Southeast Asia to serve the development strategy of Chinese-funded enterprises "Belt and Road Initiative". And with the help of China's domestic security service enterprises to decouple from the public security, introduce the policy of privatization capital, and become the domestic security service asset integrator. Through continuous mergers and acquisitions and asset integration, the world's leading comprehensive security operation platform is setting sail.
The core business model of global security leader growth is to accelerate mergers and acquisitions, in which Anxiao has the strongest M & A genes! Security operation regionalization attribute is particularly strong, customer stickiness is particularly high, so by accelerating mergers and acquisitions, can accelerate large-scale advantages, more important is to be able to horse enclosure, occupy a large number of customers, continue to enhance business through value-added services, full card! In-depth study of the data of a series of overseas security leading companies: securitas136, G4S76, prosegur34, the performance of companies with continuous mergers and acquisitions has risen rapidly, and led to the excellent performance of stock prices in the capital market. While Zhonganxiao itself has a very strong M & A gene, as the return of Chinese stocks to the first stock, the stock price of US stocks has risen up to 50 times through 22 mergers and acquisitions during its listing, fully verifying its own ability. its investment banking resources, contacts and project experience in overseas markets are the most valuable assets.
"Belt and Road Initiative" one of the beneficiary companies! The strengthening of overseas Belt and Road Initiative is also a key strategy for breaking the TPP. Zhonganxiao's large-scale overseas security mergers and acquisitions are in line with this big national policy and benefit from one of the companies! It is expected that overseas investment will continue to accelerate, and Chinese enterprises will speed up the pace of going out, and the security opportunities brought by Chinese enterprises are major incremental opportunities for domestic security enterprises. Zhonganxiao has grown into a global security leader through global integration. will fully benefit from this major national policy! Actively seek specific plans for security market integration and mergers and acquisitions in developed countries along the Maritime Silk Road in Southeast Asia, Australia, Europe and even North America.
The Ministry of Civil Affairs will make its debut at the 2015 an Expo, which will give unlimited association to the industry! Investment advice: buy-An investment rating, 6-month target price of 50.00 yuan. The company promised performance of about 400 million yuan and 524 million yuan in 2015 and 2016 alone. According to the company's existing large number of existing orders and the company's excellent and continuous asset integration ability.
We believe that the performance of Zhongan Consumer in the next three years will significantly exceed the existing performance commitments, and forecast that the EPS from 2015 to 2017 will be 0.39,1.02,1.72 yuan respectively. Given a buy-A rating, the first target price in 6 months is 50.00 yuan.
Risk hint: the risk of asset integration of M & A, and the risk that the promised performance falls short of expectations.
