Palm Garden Super raise money may bring accelerated development

Palm Garden yesterday in Shenzhen SME trading, the first day of the listing was very eye-catching, closing price of 67.14 Yuan, the day rose to 48.62%. For the real estate regulation in the context of the company's first day of market performance, Palm Garden said, although at present China's real estate control measures tightening, but the market capacity of real estate landscape is expected to continue to rise.　　Even in the face of real estate regulation, palm Gardens can still maintain a high growth rate. Palm Garden Dong Yang Jianliang that, from the macroscopic environment, China's urbanization process still has a long process, the 2009 China's urbanization rate of 46.6%, the relevant departments predicted that China to 2030, the urbanization rate will reach about 65%, all kinds of towns will add more than 300 million people.　　Therefore, the real estate landscaping industry has a long period of rapid development, market capacity will continue to grow.　　According to the calculation, the volume rate of 3 of the residential district, garden supporting the investment is only about 2% of the total cost, so affordable housing and the increase in the proportion of low-end housing supply, will not significantly reduce the investment in landscaping. Since the issue of P/E is above average, the 1.35 billion yuan in Palm garden is 8 times times of the planned raise capital of 169 million yuan, and the fund is 1.181 billion yuan. The company said that after the listing will be strictly in accordance with the relevant provisions, prudent use of funds, a large number of super raise funds will also provide the company with the possibility of rapid expansion in the future. According to estimates, the 2009 real Estate landscape market capacity of 72 billion yuan, Palm Garden 2009 years of operating income of 660 million yuan accounted for less than 1%.　　As the industry's most comprehensive strength and relatively perfect layout of the industry leading, Palm Garden in the industry has ample room for growth.　　In accordance with the current operating situation of Palm garden, assuming that over half of the fund is used to supplement operating funds, theoretically can increase the operating income of 2 billion yuan. Yang Jianliang also said that before the listing was subject to capital bottlenecks, municipal gardening business accounted for the proportion of the company's income is very low. The gross profit margin of municipal garden is higher than that of real estate, but the capital occupies a large amount and the period of return is longer. After the break in the capital bottleneck after the listing, Palm Garden will speed up the country into the field of municipal gardening, it is expected that the future municipal garden revenue will occupy the company's revenue of about 30% of the target will be likely to accelerate the implementation.