Why does St. Bai Ji always have a daily limit recently?

Jinan Department Store ST Bai Ji 1994 was listed, which is one of the earliest listed companies in Shandong Province. With the intensification of competition in the department store industry, the company actively carried out restructuring work and strived to realize the long-term development of the company across industries and regions. In 2000 1 month, the marriage between the company and Huajian Electronics with Chinese Academy of Sciences background failed. In the case of Huajian Electronics' withdrawal, General Investment Management Co., Ltd., backed by Shandong Tobacco Corporation, successfully entered the company with cheers from all parties, which opened the prelude to a new round of restructuring of Jinan Department Store. In August 2003, GM successfully entered the board of directors in terms of investment. General Investment is a state-owned investment management company controlled by General Tobacco Group, mainly engaged in investment operation, investment management and investment agency management, as well as providing investment management, planning, capital operation and related business consulting services for enterprises. The group company is the first enterprise group in the national tobacco industry. It owns five cigarette factories in Jinan, Dezhou, Linyi, Yishui and Xinjiang, as well as a number of holding and shareholding companies in industry, property, building materials, automobile transportation, advertising, investment and real estate, with total assets of 465.438 billion yuan. It controls a large number of high-quality assets and has strong strength. The reorganization of Jinan Department Store by Shandong Tobacco Corporation is undoubtedly popular, and it undoubtedly has the advantages of "favorable weather, favorable geographical location and harmonious people". This reorganization is obviously led by the government, and the general investment will not disgrace the mission. This makes Saint Bai Ji have a very rich imagination in the secondary market.

At the critical moment at the end of the year, the company created another profit myth. Four months ago, the company bought 90% equity of Yongan Real Estate for only 8.73 million yuan. Recently, 40% of the shares were transferred to Tianye Company at a price of 39.68 million yuan. After the equity transfer, the company still holds 50% equity of the company. So it is a foregone conclusion to turn losses into profits in 2003.

From the secondary market, ST Bai Ji (600807) has many themes, such as the concept of eastern Shandong, the concept of reorganization, the concept of low price, etc. From the price of 20 yuan in June at the beginning of the bear market of 200/KLOC-0 to the price of 4 yuan now, the stock index has dropped by as much as 500%, which is seriously oversold. What is worth celebrating is that the company has finally got rid of the long and heroic road in the past two years. Under the expected background that the fundamentals have been greatly improved and the losses have been eliminated, the stock price is expected to take this opportunity to rebound, thus realizing the final return of value. A few days ago, the stock index closed out for 5 consecutive years, and the trend was steady and powerful. The V-shaped reversal trend began to appear, and the market outlook was like a rainbow.

General Holding Co., Ltd. has been in ST Bai Ji (600807) for three years, and its operation has not improved. After all, General Holdings is a company that is good at capital operation and has no industrial experience in the highly competitive field of commercial retail. And its initial entry may be the result of recruitment by the local government. General Holdings is only a joint-stock company controlled by General Group, and its strength is limited. The group has no intention of listing its lucrative tobacco business. Therefore, General Holdings has no business in this company. At the board meeting held in early July, Liu, chairman of Century Taihua Group, was elected as the new chairman of ST. Century Taihua will soon become the second largest shareholder of General Holdings, and Liu will become the vice chairman of General Holdings. Liu Jiangyun nominally controls St. Bai Ji on behalf of General Holding Company. In fact, this is to find out the assets of San Bai Ji and prepare for direct entry. ST Bai Ji's assets are not very bad: guarantee 46.52 million yuan, short-term loan 2. 2.2 billion, including 43.07 million yuan overdue and 49.37 million yuan long-term loans. Century Taihua may reorganize ST Bai Ji.

Weifang Century Taihua Group focuses on commercial retail and commercial real estate. Starting from the acquisition of a bankrupt state-owned commercial enterprise in Weifang, he has rich experience in commercial retail and real estate operation. At present, it has the largest comprehensive shopping mall in Weifang, Taihua Plaza, with a business area of 35,000 square meters, Century Taihua Building with a construction area of 35,000 square meters, Century Taihua Business Hotel with 2 1 floor, and shopping mall Taihua City with a total construction area of 1.6 million square meters, which is located in the core of Weifang Central Business District. The company's next goal is to expand to Shandong province and even the whole country. ST Bai Ji, located in the prime location of Jinan, the provincial capital, is a good acquisition target and may become its capital platform. Shandong Province deployed the share reform of domestic listed companies, requiring listed companies to strive to come up with all share reform plans in June 5438+ 10, so as to promote the reorganization of ST Bai Ji and solve the land property rights problems that plagued ST Baijiduo.

St. Bai Ji's main assets are located in quancheng road, which has the reputation of Jinan Golden Street. Jinan department store, with a building area of over 65438+100000 square meters, has great appreciation potential. At the same time, the General Square in the middle section of quancheng road, covering an area of 7.8 mu and a building area of 36,000 square meters, has just been completed and will soon cooperate with the Japanese retail giant Isetan Group. On the basis of its original 30 mu of land, Jinan Department Store will build the second and third phases of General Plaza one after another to build the largest shopping plaza in Jinan.

Since the beginning of this year, under the background of share reform, retail companies with commercial real estate in prime locations in major cities have been fully tapped in the market, such as Friendship Department Store, Chongqing Department Store, Ginza Co., Ltd. and other companies' share prices have risen sharply. Ginza is also a thoroughly remoulded commercial stock after the reorganization of Jinan, and its current good business performance is of great reference significance to ST Bai Ji. After the reorganization of ST Bai Ji, its performance will increase explosively, with a total share capital of only 654.38+0.08 billion. At present, the market value is more than 200 million, and the stock price has a huge imagination. The secondary market, the stock oversold serious, the stock is more active. At present, a large upward channel has been formed, and short-term adjustment can be concerned.