Chung-shin tourism into jiuding investment banknote printing machine holding 3-year book Return 12 times Times

As of February 26, January 23 just listed private travel agency first shares of the shares soared, 10 consecutive trading board, the stock price for a period of more than 90 yuan, the rise is nearly 3 times times. As the stock price rose too fierce, according to the rules of trade, the letter travel has three suspensions and issued a verification bulletin. Listed just full moon of the public letter tourism is called the new shares Wang, the industry called it Horse Open first "ox Demon King." According to the information disclosed by the Jiuding tourism prospectus, the investment of well-known PE institutions has surfaced in the shareholder list of the public letter tourism. Data show that jiuding investment fund Beijing Jia Li Jiuding Investment Center on November 19, 2010 to increase the number of credit tourism, subscribed to 8.75% of the shares of the letter tourism, the second largest shareholder of the letter tourism. At the end of this issue, jiuding Investment held 3.8251 million shares, accounting for more than 6.56%. Calculation of the previous dividend expansion, jiuding investment in the holding of the letter travel cost of 6 yuan, according to the March 7 closing price of 79.8 yuan, the book value of the shares has reached 305 million yuan, the book returns up to 12.3 times times. Before, 2009 first landing Gem Jiffeng farm machinery had for jiuding investment brought more than 10 times times return, the public letter tourism became after Jiffeng agricultural machinery, jiuding investment Another benefit quite abundant star project. Zhaofong, a jiuding investment partner, said in an interview with the securities daily that the preferred industry and selected enterprises are the basic investment ideas of jiuding investment. "In 2010, when we invested in the public letter tourism, the company estimated profit of only 30 million yuan, but we are optimistic about the growth prospects of the tourism industry and the public credit tourism in the outbound travel market competitive advantage." "Information shows that the letter tourism is focused on the outbound business of travel agencies, the main business is divided into outbound tourism wholesale, retail and business awards tourism Business, 2013 years ago three quarter three business revenue accounted for 59%, 24%, 17%, 2009-2013 total operating income composite growth rate of 40.3%, net profit compound growth rate of 53.5%. Citic Securities Research reported that, from the industry development level, 1995-2012 China's outbound travel number of the composite annual growth rate of 20%, according to the World Tourism Council forecast, 2020, the annual growth rate is expected to be 15%. 2012 China Travel Agency outbound income of 93.6 billion yuan, organized outbound tourism number 28.3 million people, growth of 40%, the future outbound travel service business development will fully benefit from China's outbound tourism market strong growth. Although our country travel agency industry competition is intense, the concentration is low, but the Citic Securities Research newspaper thinks, under the industry high growth background, has the resource control, the product research and development and the comprehensive operation ability's leading enterprise to have the broad developing space. The reporter reads a number of brokerage research reports, outbound travel market development prospects and the continuous rapid growth of the public letter tourism performance is the main reason for its market hot. Jiuding Investment in the credit tourism projects on the bumper harvest, there is a big background, that is, IPO restart. According to Cvsource Data terminalShow that the IPO has been restarted, the first batch of 48 companies have completed the listing of shares of all the work. A total of 35 Chinese companies with VC/PE backgrounds were listed in January 2014, with an average of 4.44 times times Book returns per institution. In February, 4 Chinese companies with VC/PE backgrounds were listed and the average corporate book return was 3.67 times times. Investors trapped in the IPO moratorium for more than a year have been ushered in the harvest season. As for the trend of the new issue to the registration system, Zhaofong said that the reform of the registration system will encourage the investment institutions to pay more attention to the growth of enterprises, only the deep excavation of the value of enterprises, and can provide good value-added services institutions can bring excess income to the investors. "Our goal is to keep looking for the next public-letter tour. ”