Some enthusiasm in the capital market can never be extinguished, such as the reorganization of listed companies. Recently, the aviation precision machine has been frequently recommended by major brokerages, and in the two-tier market continuous trading, entrusted by the "reorganization" of the blessing. As a listed company under AVIC, the market's focus on its concerns can be described almost as "cold" before the reorganization is announced. The brokerage research report gives a rating of "neutral", "wait and see". September 3, 2010, a plan important asset restructuring announcement of the suspension of the company situation completely reversed, the brokerage report began to recommend the stock, which "strongly recommended" the brokerage reached 7. Can the Chinese aviation seiki really reverse its position in the capital market? If everything goes well after the company's reorganization, the AVIC can really say goodbye to the plain past, but it seems a little early to draw a conclusion. As of January 14, the two-tier market in the aviation precision machine stock price distance of the highest point has fallen nearly 10 yuan. 7 Companies 10 times times the profit for AVIC Precision machine reorganization, the market early period, but investors only guessed "skin", but did not guess "capsule". October 22 last year, due to the suspension of one months of major issues of the AVIC Precision machine after the announcement of the reorganization plan, said the company intends to 14.53 yuan in the price to the AVIC industry, electromechanical companies, Gekko Electrical and mechanical, China Huarong directional issue about 250 million shares, the purchase includes Sichuan Pan-China instrumentation, Qingan Company, Shaanxi Airlines Electric, Sichuan Hydraulic, Zheng Fei Company, your aircraft motor, Western Sichuan Machinery and other 7 companies 100% Equity, the acquisition of assets estimated 3.638 billion yuan. The restructuring plan goes well beyond market expectations. "The net profit of the 7 companies in 2009 was about 330 million yuan, while the 2009-year net profit of AVIC Precision Machine was only 30 million yuan, and the net profit of the injected assets was 10 times times the scale of the existing assets of Avic Seiki." After the reorganization of the company's assets, the total share capital amounted to 418 million yuan, which is the leap-forward growth of the company's performance. "China Merchants Securities Aerospace Defense Industry analyst Wang Yiming analysis." After the announcement of the reorganization, China Airlines precision machine in the two-tier market for 9 consecutive trading days trading. The highly anticipated reorganization plan makes the market to the company's valuation enhancement to have the great anticipation. Chopeta, an analyst at the Great Wall securities machinery industry, said in an interview: "The scale of the asset injection is really more than expected, the company's existing assets in 2010 estimated earnings per share of 0.3 yuan, and injected assets in 2009 earnings per share of 0.86 yuan, even if the conservative estimate of 2010 growth of 15%, Then the company's 2010 earnings per share will also reach 1 yuan. "Military assets of the main asset injection before and after the company's major business changes to see, said the precision machine is black chicken is not too." Before, the company's main business is the car seat angle regulator, restructured into military aerospace electromechanical products. January 11, there are media reports four generations of aircraft test. According to Chopeta, the injection of the seven companies are mainly military assets, monopoly and income stability is much higher than civilian products, the injection of airborne suspension launch control system, air hairThe motive ignition system, aerospace airborne equipment system, aircraft power system and UAV launch System are all aviation electromechanical systems, which are widely used in domestic existing main models. Reporter noted that the company reorganized 7 companies in 6 for Avic electromechanical company Holding, the company was just established in July 2010, is AVIC Industrial group electromechanical platform. After the reorganization, the majority shareholder of AVIC Precision Machine will be changed from AVIC Life Research Institute to AVIC electromechanical company, but the actual control person is still the AVIC industry. After the major shareholder becomes the AVIC electromechanical company, the Chinese aviation precision machine will continue to have an asset injection expectation in the future. Wang Yiming analysis, because in the AVIC electromechanical companies, there are aerospace companies, Xinxiang Company, Jincheng Company and many other assets did not achieve securitization. As an asset operating platform, the current AVIC Precision machine market capitalisation of about 3 billion, while the other capital platform of China Airlines market value is more than 10 billion. The expectation of the company's subsequent asset injection remains strong. After the early adjustment, the company's investment value further revealed. In addition, the Chinese aviation Precision machine injection of the civilian assets are also considered excellent. Among them Zhengfei company's AVIC Electric vehicle company Capital 200 million yuan, the rare earth Permanent magnet brushless motor of your aviation motor is stained with the most popular new energy concept nowadays. Even so, the company remained low-key and did not respond too much to the restructuring. The securities companies in the future development prospects of the company, but also remind investors: "Because it is a one-time injection of assets of 7 companies, the approval department is more complex, the company in the future integration process there are certain uncertainties." "Company files in the precision machine located in Hubei province Xiangfan, its predecessor is the China Aviation Life-Saving Research institute Garley branch." December 2000, after the reform became Hubei AVIC Life-saving Technology Co., Ltd., listed in 2004, renamed as Hubei Catic Precision Machine Technology Co., Ltd. It is hard to imagine, in the asset injection of precision machine before the implementation of the main industry from the military business is very far from the name of the "Avic" is just the word. Before the reorganization of the assets, AVIC Precision Machine has been a professional development, production, sales car seat angle-adjusting enterprises. Now, if the company can successfully complete the restructuring of the assets, its main business will be a great change, from the seat angle converter into an aero-electromechanical system products, the industry across the scale is unimaginable. However, the reorganization involved 7 companies, there is uncertainty about whether the successful completion. Behind the scenes push the Chinese department of China to win the fine machine 9 trading after a consolidation demand for 9 consecutive trading days, this in 2010 ups and downs of the market is not common, but with the restructuring of the expected in the precision aircraft. October 22, due to the reorganization of the suspension of about 1.5 months, China Airlines precision machine to limit the attitude of a high-profile duplicate card, and trading continued for 9 trading days. Reporter statistics, the shares after the card, 14 consecutive trading days fluttering red, the stock price by the recovery of the 14.88 Yuan rose to November 9 the highest point of 44.89 yuan, a short period of more than 10 days the highest riseReaches 201.68%. In this trading feast, China has become the biggest winner, the most cattle fund manager Wang Yawei Management fund appeared in it. Reporter read the company notes that as of the middle of 2010, the Wang Yawei is in charge of the Chinese market holding 3.4318 million shares, and become the fifth largest circulation shareholder, as of last year, the third quarterly, the Chinese market a small reduction of 430,000 shares, but still hold 3 million shares. In addition, China's smooth, Chinese recovery fund are all in the three quarter of the top ten circulating stocks listed. Chinese Department for the stock of the force is quite self-evident. November 10, as a result of the cumulative increase in the high, AVIC precision machine began to callback. As of 14th, the stock price has been in the vicinity of 33 yuan, the two-month share price has fallen by about 10 yuan, which also sparked a hot debate in the market. Many investors worry that the Chinese aviation precision machine Restructuring market may also be money speculation, fleeting. However, this view was rejected by analysts. Chopeta in an interview, said: "The increase in aviation precision machine is not a simple money hype, but a substantial reorganization content." At present, only a short-term callback, according to the asset injection expected after the military stocks 40 times times the calculation, the share price should be near 40 yuan, personally think that the stock price near 35-40 yuan more reasonable. In addition, China Merchants Securities are given a reasonable price of 55-60 yuan. Zhangguojiang, investment manager at National Gold Securities Wealth Management Center, warned investors: "Although the stock short-term low in the early 30.20 yuan near the strong support, but if you want to intervene must pay attention to turnover, if the volume contraction can be appropriate intervention, if the volume amplification, the market has killed signs, investors need to continue to wait and see. "China's active fighter aircraft 7 fighter -7 fighter imitation of the Soviet MiG-21 fighter, in the 60 's began production, after the continuous improvement, is the Chinese air Force and naval aviation is currently one of the largest aircraft equipment." The machine relies on its own characteristics of good flight performance, light and small flexibility, low cost, high efficiency and simple maintenance, which occupies a very important position in the aircraft equipment system of China Sea and Air Force. Fighter 7 was discontinued in 2006.
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