Tangshan Port

Source: Internet
Author: User
Panorama July 2 Tangshan Port (601000) will be in the next Monday (July 5) on the Shanghai Stock Exchange.  The average price of the 9 brokers surveyed by the Panorama network was 9.02 Yuan, of which CITIC built a forecast limit of 10.5 yuan, and the capital securities gave a forecast limit of 7.3 yuan. Tangshan Port Group Co., Ltd. provides the main services are port handling, transportation, storage warehousing and other logistics business.  The company wharf design through capacity 68.28 million ton/200,000 standard box, now has built 70,000 ton class waterway, can satisfy 100,000 ton class ship one-way, Million ton level below the two-way navigation. CITIC Investment forecast company 2010-2012 earnings per share of 0.35 yuan, 0.43 yuan and 0.51 yuan respectively.  Refer to the valuation level of the bulk port, consider the premium effect of the new shares, and the company's future price increase and injection forecast, give the company 2010 25-30 Multiples, corresponding to the stock price range of 8.75-10.50 yuan. Capital of the company's 2010-2012 earnings per share of 0.33 yuan, 0.40 yuan, 0.45 yuan, the year-on-year growth rate of 31.3%, 21%, 11.9%, the current port industry 2010 dynamic earnings ratio of 21 times times, comprehensive consideration of the company's fundamentals and Growth,  In 2010, the firm's dynamic P/E ratio was 22-25 times, corresponding to the reasonable stock price range of 7.3-8.3 yuan. Tangshan Port This public issue 200 million shares, after the issuance of total share capital reached 1 billion shares, the issue price of 8.2 yuan/share, raise the total amount of 1.64 billion yuan. Among them, this will be listed on July 5 is the online pricing issue 160 million shares. (Panorama Network/Chengliang) price forecast of each brokerage institution: China Merchants Securities: 8.35-10 Yuan Galaxy Securities: 8.8-10 Yuan Guotai: 8.6-10.3 yuan Citic Investment: 8.75-10.5 yuan Gold Securities: 8.2-9.2 yuan Haitong Securities: 8.33-9.33 Yuan CICC: 8 .5-10 Yuan Securities: 7.3-8.3 yuan Everbright Securities: 8.96 Yuan
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