What are the concept stocks of Shanghai Free Trade Zone?

Shanghai free trade zone concept stocks

Editor's Note: Recently, the Ministry of Commerce notified the State Council to formally approve the establishment of China (Shanghai) Pilot Free Trade Zone. Stimulated by this good news, the Shanghai Free Trade Zone concept stocks have performed very strongly recently. Yesterday, the sector as a whole rose by 8. 1%, and more than 60% of the stocks in the sector had daily limit, and its strong performance was also sought after by market funds.

According to the statistics of the Securities Daily Market Research Center, among the 18 tradable shares in the Shanghai Free Trade Zone concept sector, 12 stocks achieved daily limit yesterday, accounting for 66.67%. They are: Oriental Venture (quotation, consultation), Huamao Logistics (quotation, consultation), Jinjiang Shares (quotation, consultation, inquiry), Shanghai Material Trade (quotation, inquiry), Jielong Industry (quotation, inquiry), Zhangjiang Hi-Tech (quotation, inquiry), Shanghai Port Group (quotation, inquiry) and leading shares (quotation, inquiry).

In terms of capital flow, among yesterday's 12 daily limit stocks, 1 1 only saw a net inflow of large single funds, totaling 389 million yuan. They are: Shanghai port group (102975900 yuan), Jielong industry (60520 10000 yuan), leading stock (45694300 yuan), Zhangjiang hi-tech (4 1835438+0800 yuan) and Lujiazui. Jinjiang investment (283 1.05 million yuan), Shanghai Material Trade (24.0425 million yuan), Jinjiang Stock (/kloc-0.97783 million yuan), Huamao Logistics (39 1.36 million yuan) and Shanghai Sanmao (2.4736 million yuan).

Judging from the market performance since August, the related concept stocks that have benefited from the Shanghai Free Trade Zone can be described as gratifying, with 13 shares in the sector increasing by more than 20%, Shanghai Material Trade (82.84%), Huamao Logistics (63.67%), Shanghai Steel Union (58.60%) and Shanghai Sanmao (46.77%).

In this regard, market analysts believe that the construction of China (Shanghai) Pilot Free Trade Zone is conducive to cultivating China's new competitive advantages facing the world, building a new platform for cooperation and development with other countries, expanding new space for economic growth, and creating an "upgraded version" of China's economy. Driven by the policy, Shanghai will attract more high-end manufacturing, processing, trade, warehousing and logistics enterprises to settle here, and land resources will be even scarcer. Enterprises engaged in real estate development, park management and logistics trade will be the first to benefit, and leading enterprises will usher in new development opportunities.

Pudong Jinqiao (market, capital, stock bar, consulting): the valuation advantage has increased significantly.

From June to September, 5438, the company achieved operating income of 593 million yuan, net profit of 23 1 10,000 yuan, up by -3% and 22 1% respectively, and the basic earnings per share was 0.25 yuan, which was in line with expectations.

The growth rate of net profit faster than that of operating income is mainly due to the rapid growth of investment income during the reporting period. (1) In the first three quarters, * * reduced its holdings of Haitong Securities (quotation, capital, stock bar, consulting) 1.965 million shares, and gained an investment income of 30.62 million yuan. In order to achieve the standard of "one participation and one control", the company will reduce its holdings of Haitong Securities in an all-round way during the year. At present, it holds 4,748,500 shares, which is expected to benefit 60 million yuan and increase EPS by 0.05 yuan. (2) The annual dividend of orient securities and Huade Mercure Supermarket priced by the cost method reached 28.84 million, which has been included in the investment income during the reporting period.

The settlement of Biyun Xintiandi will guarantee the company's profit growth in the fourth quarter of this year and next year. (1) The third phase of Biyun Xintiandi sold well. At present, the sales rate has reached 98.6%, and the average contract price is 23,000 yuan/flat, which will contribute 654.38+03 billion real estate sales revenue to the company, and the gross profit will reach 60%. (2) The company expects to hand over houses one after another at the end of this year and early next year, which will significantly improve the company's performance of 20 10 and 201.

We believe that the company gives consideration to the development and sales of real estate while expanding its holdings of real estate, so that the company's performance keeps an upward trend. At present, the valuation has an advantage, and the holdings are maintained. (1) At present, the project under construction and proposed by the company is about 700,000 square meters, including high value-added projects such as the R&D office building on plot G3, the R&D office building on plot 28, and the first and second phases of Biyun International Community Talent Apartment. The prospect of future rent collection is good, and most properties will be completed and leased before 20 13; (2) At the end of the year, the company obtained a plot of Lingang New Town by bidding, auction and hanging, which indicated that the company adhered to the strategic intention of supplementing property expansion with real estate sales, and its performance will maintain a steady upward trend. We predict that the company's basic earnings per share in 20 10, 201and 20 12 years will be 0.54, 0.7 1 and 0.66 yuan respectively, corresponding to P/E 17.7 and 0.66 yuan respectively. (Shen Yin Wan Guo Yin Zijiang Yan Zheng)

Waigaoqiao (market, capital, stock bar, consulting): The performance may enter an explosive growth period.

The company's operating income mainly comes from logistics trade, real estate sales and leasing, accounting for 62.44%, 18.5 1% and 9.92% respectively. Gross profit accounted for 18.83%, 42. 12% and 24.94% respectively. Judging from the contribution rate of performance, although the real estate income is lower than that of logistics trade, the gross profit margin is as high as 50% or more, which makes a strong contribution to performance. www.southmoney.com

Waigaoqiao Park has formed three major industries: international trade, international logistics and advanced manufacturing. After the private placement of assets in 2008, the company's logistics trade business grew by leaps and bounds: from 680 million yuan in 2007 to 5.87 billion yuan, a substantial increase of 7.64 times year-on-year; At the same time, the company will actively implement the national strategic deployment, promote the coordinated development of "three districts and three ports", and build Waigaoqiao Free Trade Zone into an important functional frontier of Shanghai International Trade Center, which will further promote the company's logistics trade volume and gross profit margin, and its performance will increase substantially.

Entrepreneurial projects that the company participates in are important growth points of future business. The Venture Industrial Park covers an area of about 5 square kilometers and is symmetrically distributed on both sides of Chongming Island with Waigaoqiao Park.

With the opening of the South Tunnel North Bridge and Chongqi Bridge, the start-up will enter Shanghai's "one-hour metropolitan area" and become the forefront of the Yangtze River Delta economic circle, with promising development prospects.

The subsidiary company obtained the land use right of 6,543.8+0.32 million square meters in the first phase of the industrial park, which will benefit from the transfer of the industry to second-and third-tier cities.

There are still 2 million square meters of industrial leased property in the development stage. In 2008, the company acquired 80%, 49% and 80% equity of Outreach Development Company, New Development Company and Sanlian Development Company, respectively, increasing the property area by 4.24 million square meters, of which 6.5438+0.95 million square meters are leasable properties and 2.29 million square meters are project reserves. After purchasing the property, the company's rental income increased from more than 82 million yuan in 2007 to 724 million yuan in 2008; With the construction of the international logistics center and the substantial increase of the leasable area, the company's rental income has at least doubled, reaching 654.38+0.5 billion yuan, providing continuous and stable capital inflow every year.

In 20 10, the company's real estate sales income mainly came from Lan Sen project13.88 million yuan and unconfirmed land transfer income of Changshu residential development project. Logistics trade and real estate leasing business grew slightly in stability. We expect the company's earnings per share of 20 10 and 20 1 1 to be 0.69 yuan and 1.08 yuan respectively. According to the company's closing price on March 26th, 20 10, the corresponding PE is 25 times and 16 respectively. In view of the rapid growth of the company's performance, the investment rating was upgraded to "overweight". (Tianxiang Investment Research Institute)

Lujiazui (market, capital, stock bar, consultation): the pride of future commercial real estate for operators in transitional cities.

The company's third quarterly report shows that during the period from June 5438 to September, the company achieved operating income of 2.336 billion yuan, down 2.69 1% year-on-year, and the net profit attributable to the owners of the parent company was10.64 million yuan, up 5.5 1% year-on-year, and the earnings per share was 0.57 yuan, up 5.5% year-on-year. The net assets per share is 5.43 yuan, and the weighted return on net assets is 10%. The company's income decreased year-on-year, mainly due to the decrease in land transfer income this year.