Home » Business » [He Che 500]New economic stocks attack Changhe? -He Car | Apple Daily

[He Che 500]New economic stocks attack Changhe? -He Car | Apple Daily

Li Ka-shing stiffened his neck and blindly increased his holdings of Cheung Kong (1113) and his shareholding increased to 35.9%. He refused to increase his holdings of CKH Holdings (001) and only held 30.15%. Li continued to increase his holdings of Changshi, using old moves and numb the market. CKH Holdings stated that the repurchase is beneficial to the company, to the stock price, and to Li’s.

1) Listed companies are authorized to repurchase 10% each year according to regulations. Assuming that CKH Holdings repurchases 10% every year and then writes off, the NAV per share will increase from 120.8 yuan (at the end of June last year) (6%) to 128.22 yuan; repeat the operation for another year, and the NAV per share will continue to increase (6%) to At 136.46 yuan, the attractiveness of the shares rose again. The cash used within two years only accounts for less than half of the cash from the sale of the power station (assuming CKH Holdings’ stock price remains unchanged).

2) The benefit of CKH Holdings’ repurchase for Li Ka-shing is that Li’s shareholding will automatically increase without having to spend any cents. Major shareholders holding 30% to 50% of the shares cannot increase their holdings by more than 2% per year unless approved by the China Securities Regulatory Commission. If CKH Holdings repurchases 10% each year, Li’s shareholding will increase from 30.15% to 33.51%, and the embossed stamp, the company will repurchase less than 6.2% per year and there is no problem. CKH Holdings repurchases 6.2% each year, and Lee’s shareholding increases by 2%.

3) Minority shareholders certainly hope that CKH Holdings’ repurchase can support the stock price, and they may wish to think about it, looking forward to new economic enterprises’ growth and ideas, and hostile attacks.

Li only holds 30.15% of the long sum, which is not a firm grasp of absolute control. Unlike real estate, CKH Holdings’s assets have a much higher strategic value and are easily coveted. CKH Holdings has a market value of 214.5 billion yuan. The new economy companies first collect a portion from the market before submitting an offer, and declare that they maintain CKH Holdings’ listing status (there are many ways), and only need to spend more than 100 billion yuan, the shareholding may exceed Li If Li is fighting back, retail investors will also slap their hands. More than 100 billion yuan is a piece of cake for new economic enterprises with a market value of trillions. Sniping on the “Hong Kong’s richest man’s flagship” is very enjoyable, famous and advantageous, and very attractive. Will it cause some “wolves like tigers” New Economics companies index fingers to be depressed?

★The highest price of Changhe last year was RMB 86.45, and the current price was RMB 55.65, down 36%. In this column, the target price has been increased from the 77 yuan set earlier to 86.45 yuan, a potential increase of 55%. Morningstar looks at 78 yuan, and Bank of America looks at 69 yuan.

Extra screening at the same scene: 3 H-shares that were introduced earlier, met the standard on Monday. On the 16th of last month, we recommended to buy Zhejiang Shibao (1057) at 1.25 yuan. Set a target price of 1.97 yuan. Yesterday, it closed at 2.19 yuan. It exceeded the standard within 12 trading days. The cumulative rise was 75% and outperformed the H index by 73 percentage points. . Last October 14th last year, at 4.65 yuan to recommend AVIC (2357), set a target price of 6.46 yuan, yesterday closed at 6.7 yuan, exceeding the standard, soaring 44% compared with the previous recommendation, outperforming the H index by 35 percentage points. Chop the side and leave the side.

On October 19 last year, it recommended buying YTO (038) at 2.91 yuan and set a target price of 4 yuan. Yesterday’s highest price was 4.09 yuan. It reached the target and closed at 3.95 yuan. It was 36% higher than before the recommendation, and outperformed the H index by 28%. Chop the side and leave the side.

A whole number of H-share recommendations: China Overseas Chemical (3983). All domestic shares are held by CNOOC. The H stock market is valued at 5.7 billion yuan. After receiving cash from sales in the first half of this year, it is estimated that the net cash per share is nearly 2 yuan, much higher than the stock price. The PB is only 0.31 times. Bo is privatized. The current price is RMB 1.24, and the target price is RMB 1.9 (listed price in 2006), a potential increase of 53%.

What car

– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.