The company's reorganization of the United States today suspended

Source: Internet
Author: User
Keywords Suspension from now on
Tags .mall asset business buy rating company integration stock total
U.S. electrical appliances announced last night, the SFC is scheduled in Friday to review the company's holding subsidiary small Swan major assets reorganization matters.  The company's stock suspended from today, pending the announcement of the reorganization Committee review results after the card. Last October, the US electric appliance announced the reorganization plan.  According to the latest plan, the United States electrical appliances will directly hold the Rongshida laundry equipment for 94.145 million U.S. dollar equity, that is, Rongshida laundry equipment 69.47% of the shares sold to the small swan, and to subscribe to the sale of small swan to the United States of electrical appliances in a private shares. For this reorganization, the broker is consistent bullish and maintain the buy rating. Shanghai Securities researcher Deng Yongkang that through asset clean-up and business integration, the company stripped out the refrigerator and other non-industry assets, focus on washing machine business expansion, integration of the United States of electrical appliances Rongshida, beauty of the washing machine laid the foundation for the future growth of small swans. Zhejiang Merchants Securities researchers believe that the completion of the 2010 Rongshida washing Machine Asset acquisition, the company will have a small swan, the United States and Rongshida three brands, high, medium and low-end products covered comprehensively, with the help of the United States a broad sales and procurement channels, in the "home appliances to the countryside", "Old for new" policy driven by the company's development prospects can be. Northeast Securities pointed out that after the asset integration, the company's three production base planning annual total capacity of more than 16 million units, of which, to the end of 2010, the company's Wuxi production base will achieve 6 million automatic wave wheel and drum washing machine production capacity.  It is expected that the total sales of washing machines in 2010 will exceed 9 million units (including Rongshida), bringing nearly tens of billions of dollars in sales revenue. Capital Securities Research report that, considering Rongshida asset injection, the company is expected to 2010, 2011 EPS is 0.65 yuan and 0.8 yuan respectively, corresponding to PE 25 times times and 20 times times, the value is basically in a reasonable range, but in view of the company has a better growth, and business improvement space, maintain " Short term strongly recommended, long term a "rating. As of the first quarter of this year, the United States of electrical appliances have a total of 130 million shares of small swan, accounting for 37.78% of the share of circulation.
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