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港股推介:路劲基建有限公司(1098.HK)

Hong Kong Stock Promotion: Lujin Infrastructure Limited (1098.HK)

致富證券 ·  Jun 13, 2013 00:00  · Researches

The Qipai for Roadside Infrastructure mainly invests, exhibits, manages and manages toll roads and real estate projects within the circle. The main toll road projects at the Chinatown 7-Dien Province in Zhongyuan Province are collected. The highway covers a distance of 732 kilometers. The toll roads are mainly divided into Hebei, Anhui, Hunan, Shanxi, Lixi, Jiangli, and Henan. In addition, over 30 major projects have been invested in the real estate exhibition, which can be expanded to cover more than 450 square meters of land, spread across 9 Dien provinces and municipalities directly under the Central Government, including: Baojian, Shanghai, Henan, Hebei, Jiangli, Beijing, Hubei, and Tianjin.

In 2012, as demand for raw materials such as Tongcheng weakened due to Yuanjiachou's film and police control, and the movie cellar connecting the road overhaul project, road toll revenue during the hoarding period declined somewhat compared to 2011. However, it is expected that in the future, as the Yuli Expressway in Hebei Province enters a split period, and that the traffic flow on the Nengcheng Expressway in Shanxi Province will continue to increase in fear, the toll road Tang Pao will increase the risk of seiling. On the other hand, it is clear that the mainland's blockade of the real estate cliffs has not been relented, yet the government has also loosened the commodity policy. Lan is increasing the differentiation of various housing credit policies to curb investment in the same way as to guarantee the demand for the first time, and Jiang Qishui settled the path of the real estate cliff in the mainland. A total of 800,000 square meters were overrun in Shanghai and Changzhou during the hoarding period. A total of 800,000 square meters were exceeded to be used to capture land reserves. I believe that under the urbanization of canneries within the circle, the real estate cliff project, which is a hoard, will bring a stable experience to our exhibition.

For the year ending December 31 of last year, shareholders were worried that the profit was 8.18 Hong Kong dollars, an increase of 8,317.2 Hong Kong dollars, or 11.32%, over the same period in 2011. The traffic and toll revenue of the Gongzhong toll road segment were 7,400 yen trips and 19.26 German yuan respectively. Of these, the toll revenue contributed by the expressway was estimated at 77% of the total toll road. Meanwhile, in the Fangingya division, the annual sales contract value of Wutang (including joint ventures) increased 69% year-on-year, to 95.63 German yuan, and the annual delivery of Muan Kui 888,000 square meters, an increase of 21% over the same period in 2011.

Since early February of this year, Luqin's infrastructure stock market has been running amidst the rampant channel. Recently, the stock impasse has become thick, and the blue has fallen back to the bottom of the channel. If the stock is stuck in the tunnel palace, some buildings in the future will rise back to the 7.4 yuan level at the top of the channel. The outlook is at a 52-week high of 7.56 yuan, and the trade impasse has reached 6.85 yuan. If the stock market impasse does not fall below the 6.50 yuan level as expected, it will be necessary to stop trading.

Based on the calculation of last day's closing of 6.96 yuan, Lujin Infrastructure predicts a price-earnings ratio of 6.7 times. I will show Lan Gu, who cleans the middle circle, and will continue to be refined when showcased. It will bring the highway project and real estate cliff project, which are hoarded, to the foundation of the attack. It is expected that the profit from hoarding will increase rapidly. Therefore, investors in construction can consider taking advantage of the situation.

The translation is provided by third-party software.


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