[Today's Guide]
○ State Council supports enterprise de-leverage, market based debt-to-equity swap to rolled out
○ Tesla to launch new vehicles for mass consumption, industry chain expected to benefit, space of high-end titanium products emerges
○ Xiwang Foodstuffs to buy overseas healthcare product company, DDMC Culture invests in main business
○ SDIC Essence to acquire SDIC Capital, Sun Paper Industry to introduce Fosun's capital
[SSN Focus]
○ State Council supports enterprise de-leverage, market based debt-to-equity swap to rolled out
------
The State Council on Oct. 10 issued opinions on actively and steadily reducing the leverage of enterprises, which proposed seven major ways of de-leverage, including positively pushing forward M＆A and conducting market based debt-to-equity swap in the banking sector in an orderly way. Instructions on market based debt-to-equity swap in the banking sector, which is attached to the above opinions, further clarified the implementation method of debt-to-equity swap. In principle, banks should not directly swap debt for equity. Instead, this process should be completed via assets management companies, insurance assets management institutions and state-owned capital investment and operation companies. Fan Yifei, vice governor of the PBOC on the same day indicated that the PBOC will make fine tune to the monetary policy in appropriate time, to create suitable monetary policy environment for de-leverage.
Comment: for high quality enterprises with bright prospect but are currently in difficulties, market based debt-to-equity swap can help them pull through difficult situation, promote diversity of equities and improve modern corporate system. Sinosteel Engineering ＆ Technology Co., Ltd. (000928.SZ) recently announced that the debt restructuring plan of its controlling shareholder Sinosteel Group has been approved. Institutions are in the view that this is expected to be the first case in central SOEs for this round of market based debt-to-equity swap, which can break the bottle neck of financing for listed companies. In addition, assets management companies are expected to embrace a pro-cycle for business development during this process. Hainan Haide Industry Co., Ltd. (000567.SZ), a company located in Tibet which has already obtained license, and Shaanxi International Trust Co., Ltd. (000563.SZ), which has invested in Shaanxi's assets management company, have attracted much attention from institutions.
[SSN Selection]
○ The Shenzhen Stock Exchange and China Securities Depository and Clearing Company Limited (CSDCC) announced that they have determined to organize Shenzhen-Hong Kong Stock Connect business simulation test from Oct.17 to Nov.9.
○ Spokesperson of the Ministry of Foreign Affairs on Oct. 10 says that China is ready to continue to strengthen cooperation with all parties in cope with the climate change.
○ The national agriculture-commerce interconnection startup meeting was held on Oct. 10. The Ministry of Commerce (MOFCOM) estimated that the turnover of agriculture products ecommerce in 2016 nation-wide will increase by 35 percent to hit 220 billion yuan.
○ The National University of Defense Technology and the National Supercomputing Center in Tianjin on Oct. hosted the startup meeting. R＆D of China first exascale supercomputer system model is officially started.
○ Sales of Evergrande Real Estate Group (0333.HK) in September increased by 323.6 percent year on year. The company's accumulative sales in the first nine months amounted to 280.58 billion yuan, ranking the first in the industry.
TOP
[Industry Information]
○ Tesla to launch new vehicles for mass consumption, industry chain expected to benefit
------
Tesla reportedly plans to hold two press conference on Oct. 17 and 28 respectively. As expected, the focus of the press conference to be held on Oct. 17 will be the Model 3. It is Tesla's first vehicle aimed at the mass consumers. In addition, Tesla has disclosed the delivery data in the third quarter, which shows that about 24,500 cars in total have been delivered, up by more than 70 percent month to month and representing the highest single quarter sales, better than expectation.
Comment: the selling price of Model 3 is just 35,000 dollars, which has very high cost performance. It is also the main vehicle model for Tesla to reach goal of selling 500,000 cars. Institutions are in the view that in order to acquire high sales volume in China, Tesla must produce in China so as to reduce transportation costs and tariff, and thus local suppliers of high value parts will benefit. Ningbo Tuopu Group Co., Ltd. (601689.SZ) is authorized by Tesla, and its lightweight aluminum alloy chassis structure could be used for Model 3. High voltage direct current relay of Hongfa Technology Co., Ltd. (600885.SH) has been send to Tesla for checking.
○ Demand in airline and nuclear power sectors increase, development space of high-end titanium products emerges
------
At the 2nd China- foreign titanium industry market development and product application conference, Zou Wuzhuang, director of the Titanium, zirconium and hafnium branch of China Nonferrous Metals Industry Association says that the pickup of the airline will greatly stimulate demand for titanium products. Demand for titanium products in the next two years is expected to increase by 10 to 15 percent. In addition, China's nuclear power project construction will promote rapid development of the titanium market. Exploitation and utilization of oceanic resources and development of light-weight car body also become potential market for high-end titanium products.
Comment: experts hold the view that despite the trend of macro economy is still uncertain, the titanium industry is expected to gradually get out of the disadvantage of low price, high costs and poor efficiency. The utilization of titanium products in high-end areas in foreign countries has already at a high level, while in China it has just started, therefore the room is big for future development. The annual titanium output of Baoji Titanium Industry Co., Ltd. (600456.SH) ranks among the top in the industry in the world. Western Metal Materials Co., Ltd. (002149.SZ) is devoted to titanium products and rare metal compound materials, and it will gradually expand from military and aviation industry to products for civilian use.
○ Peak season of production restriction due to environmental protection comes, price of glyphosate continue to hike
------
The SSN learnt that the price of glyphosate continued rise on Oct.9. Zhejiang Jinfan Chemical Industry Co., Ltd. raised the price from 300 yuan to 500 yuan per ton. And the mainstream quote of glyphosate has risen to 20,000 yuan to 20,500 yuan per ton. Earlier on Sept. 22, Sichuan Fuhua Agricultural Technology Group, leading enterprise in this industry, also raised the price of glyphosate by 500 yuan per ton. The increase has reached 11 percent in total since the end of August.
Comment: institutions is in the view that the price hikes of glyphosate is due to the following reasons: firstly, environment protection inspection. Hubei and Sichuan provinces are both major producers of glyphosate with combined capacity of 320,000 tons, representing 50 percent of China's total capacity. Subsequent environment protection inspection will affect the rate of operation of the industry. Secondly, foreign purchase is now in the peak season, which results in higher demand for export. With support from production restriction due to environmental protection and traditional peak season of demand, the supply and demand of the industry is expected to improve. Nantong Jiangshan Agrochemical ＆ Chemicals Co., Ltd. (600389.SH) and Zhejiang Xinan Chemical Industrial Group Co., Ltd. (600596.SH) are leading players in terms of the capacity of glyphosate.
TOP
[Announcement Interpretation]
○ Xiwang Foodstuffs to buy overseas healthcare product company with 730 mln dollars
------
Xiwang Foodstuffs Co., Ltd. (000639.SZ) proposes to acquire the entire equities of Kerr at the valuation of 730 million dollars, which will paid in cash. Kerr is a company based in Canada. Its main product is nutrition supplements, and its net profits for 2015 and the first five months in 2016 were about 319 million dollars and 166 million dollars respectively. Upon completion of this acquisition, Xiwang Foodstuffs will enter the healthcare products market in sport nutrition and weight management areas, and gain new profit points.
○ DDMC Culture invests RMB 600bln. in main business
------
Wuhan DDMC Culture Co., Ltd. (600136.SH) proposes to raise 600 million yuan by issuing 33,351,900 shares to Dangdai Group, Jiang Lizhang and Yufeng Equity Investment Partnership and other related parties. The proceeds will be used for film and TV production and acquisition of 60 percent equities of Conecta. Conecta is a Chilean sports broker that indirectly controls Santa Cruz football club.
TOP
○ SDIC Essence to acquire SDIC Capital
------
SDIC Essence (Holdings) Co., Ltd. (600061.SH) proposes to raise 8 billion yuan by issuing 534 million shares to its substantial shareholder SDIC Company and others at price no less than 14.97 yuan per share. All the proceeds will be used as additional capital base for its wholly-owned subsidiary Essence Securities. SDIC will subscribe no less than 10 percent of the shares.
Meanwhile the company announces that it will acquire 100 percent equities of SDIC Capital Holdings Co., Ltd. in cash. SDIC Capital mainly owns 55 percent equities of SDIC Taikang Trust and 20 percent equities of Jintai Property Insurance Co., Ltd. among others. As of the end-June this year, SDIC Capital owns a total of 9,532 million yuan assets and a total of 8 billion yuan owners' equities. This deal is expected to be less tan 8 billion yuan. In 2015, SDIC Capital garnered an operating revenue of 1.97 billion yuan and a net profit of 1.8 billion yuan. The company's business scope will expand from securities to trust, insurance and other financial fields via the acquisition.
○ Sun Paper Industry to introduce Fosun's capital
------
Sun Holdings Co., Ltd., the substantial shareholder of Shandong Sun Paper Industry Joint Stock Co., Ltd. (002078.SZ) signed an agreement with Fosun Ruizhe Taifu Investment Partnership under which it will transfer its 190 billion shares, or 7.49 percent shares in Sun Paper Industry to the latter at 6 yuan per share. Fosun Ruizhe Taifu Investment Partnership is managed by Shenzhen Qianhai Fosun Ruizhe Asset Management Co., Ltd. Meanwhile, Sun Paper Industry Fosun will enter into a strategic cooperation agreement with Fosun. The two sides will conduct in-depth cooperation on medical treatment, tourism and maternal and child care. Fosun will make use of its resources and industry advantages to assist the company to develop in the household paper, paper diaper and other fast consumer goods to help it with transformation.
○ Foton Motor and Baidu work together to develop intelligent trucks
------
Beiqi Foton Motor Co., Ltd. (600166.SH) and Baidu signed a strategic cooperation framework agreement under which the two sides will work together to build intelligent network of super trucks. Foton Motor will provide intelligent network technologies and and related hardware support. Baidu will provide professional support, including Internet of vehicles and intelligent vehicle. Meanwhile, the two sides will jointly try and explore the cooperation mode of the Internet of commercial vehicles and conduct further cooperation in the new generation of commercial vehicle navigation and high-precision maps, commercial vehicle intelligent driving program and commercial vehicle data analysis system.
○ Beijing IRTOUCH Systems Co., Ltd. (300282.SZ) and Shandong Binzhou Bohai Piston Co., Ltd. (600960.SH) gained approval from the China Securities Regulatory Commission for their reorganization.
○ The Great Wall Culture Group Holding Co., Ltd. (300089.SZ) proposes to acquire 100 percent equities of Henan Zhiyou Zhenlong Educational Technology Co., Ltd. for 300 million yuan. Zhiyou Zhenlong Educational Tech. is a company devoted to talents cultivation. It has been engaged in software research and development and technical training. Its former shareholder promised that Zhiyou Zhenlong Educational Tech will garner a net profit of 16 million yuan, 25 million yuan, 32.5 million yuan and 42.25 million yuan respectively from 2016 to 2019.
[Financial Reports Express]
○ Easpring Material Tech. and others forecast growth
------
Beijing Easpring Material Technology Co., Ltd. (300073.SZ) forecasts a growth of 30-32 times for the first three quarters mainly due to significant growth in sales. Xinjiang Zhongtai Chemical Co., Ltd. (002092.SZ) revises up its forecast from a growth of 10-11 times to 12-13 times for the first three quarters mainly due to rising sales prices of PVC, caustic soda and viscose fiber. Lecron Internet Media Industry Co., Ltd. (300343.SZ) forecasts a growth of 363-393 percent for the first three quarters mainly due to the consolidation of the financial statement of LINKING Marketing ＆ Communication Group and Shanghai Pro-trend Advertising Co., Ltd. Jiangsu Huaxicun Co., Ltd. (000936.SZ) forecasts a growth of 6-7 times for the first three quarters mainly because it decreased shareholding in Donghai Securities and its investment returns surged.
Xuzhou Handler Special Vehicle Co., Ltd. (300201.SZ) forecasts a growth of about 4 times for the first three quarters mainly due to the consolidation of the financial statement of Shenzhen Lianshuo Technology Co., Ltd. Guangdong Wen's Foodstuffs Group Co., Ltd. (300498.SZ) forecasts a growth of 116-135 percent for the first three quarters mainly due to remarkable growth in pork prices. Zhejiang Garden Bio-chemical High-tech Co., Ltd. (300401.SZ) forecasts a growth of 170-197 percent for the first three quarters mainly because its fund-raising project reaches designed capacity. Suzhou New District Hi-Tech Industrial Co., Ltd. (600736.SH) forecasts a growth of 3 times for the first three quarters mainly due to growth of house sales and prices. China Merchants Shekou Industrial Zone Holdings Co., Ltd. (001979.SZ) forecasts a growth of 188-198 percent for the first three quarters mainly because it consolidates all the net profit of former China Merchants Group Property Holding Co., Ltd.
[Trading Trends]
○ Miteno Communication Tech. bought by three institutions
------
The trading volume ranking list on Oct. 10 shows that Beijing Miteno Communication Technology Co., Ltd. (300038.SZ) was bought through three institutional seats with a total of 35.95 million yuan, accounting for 6.6 percent of its intraday turnover.
Comment: The company announced on Oct. 10 that its acquisition of 100 percent stake of BBHI has passed the U.S. antitrust investigation. BBHI is a world's leading Internet advertising platform. With the help of BBHI's experience in the Internet field, advertising technology, media and channel resources and professional services capabilities, the company is expected to achieve strategic coordination and leap-forward development.
[Trading Alarms]
○ Nancal Tech. and Wanji Tech. to conduct IPO on Oct. 11
------
Nancal Technology Co., Ltd. (732859) will offer shares at 7.54 yuan per share with an upper limit of 11,000 shares for each applicant. The company's PE ratio is 22.97 times. The company provides solutions in industrial efficiency management. Wanji Technology Co., Ltd. (300552.SZ) will offer shares at 12.25 yuan per share with an upper limit of 10,500 shares for each applicant. The company's PE ratio is 20.91 times. The company is mainly engaged in intelligent traffic information collection and equipment treatment.
TOP
○ State Council supports enterprise de-leverage, market based debt-to-equity swap to rolled out
○ Tesla to launch new vehicles for mass consumption, industry chain expected to benefit, space of high-end titanium products emerges
○ Xiwang Foodstuffs to buy overseas healthcare product company, DDMC Culture invests in main business
○ SDIC Essence to acquire SDIC Capital, Sun Paper Industry to introduce Fosun's capital
[SSN Focus]
○ State Council supports enterprise de-leverage, market based debt-to-equity swap to rolled out
------
The State Council on Oct. 10 issued opinions on actively and steadily reducing the leverage of enterprises, which proposed seven major ways of de-leverage, including positively pushing forward M＆A and conducting market based debt-to-equity swap in the banking sector in an orderly way. Instructions on market based debt-to-equity swap in the banking sector, which is attached to the above opinions, further clarified the implementation method of debt-to-equity swap. In principle, banks should not directly swap debt for equity. Instead, this process should be completed via assets management companies, insurance assets management institutions and state-owned capital investment and operation companies. Fan Yifei, vice governor of the PBOC on the same day indicated that the PBOC will make fine tune to the monetary policy in appropriate time, to create suitable monetary policy environment for de-leverage.
Comment: for high quality enterprises with bright prospect but are currently in difficulties, market based debt-to-equity swap can help them pull through difficult situation, promote diversity of equities and improve modern corporate system. Sinosteel Engineering ＆ Technology Co., Ltd. (000928.SZ) recently announced that the debt restructuring plan of its controlling shareholder Sinosteel Group has been approved. Institutions are in the view that this is expected to be the first case in central SOEs for this round of market based debt-to-equity swap, which can break the bottle neck of financing for listed companies. In addition, assets management companies are expected to embrace a pro-cycle for business development during this process. Hainan Haide Industry Co., Ltd. (000567.SZ), a company located in Tibet which has already obtained license, and Shaanxi International Trust Co., Ltd. (000563.SZ), which has invested in Shaanxi's assets management company, have attracted much attention from institutions.
[SSN Selection]
○ The Shenzhen Stock Exchange and China Securities Depository and Clearing Company Limited (CSDCC) announced that they have determined to organize Shenzhen-Hong Kong Stock Connect business simulation test from Oct.17 to Nov.9.
○ Spokesperson of the Ministry of Foreign Affairs on Oct. 10 says that China is ready to continue to strengthen cooperation with all parties in cope with the climate change.
○ The national agriculture-commerce interconnection startup meeting was held on Oct. 10. The Ministry of Commerce (MOFCOM) estimated that the turnover of agriculture products ecommerce in 2016 nation-wide will increase by 35 percent to hit 220 billion yuan.
○ The National University of Defense Technology and the National Supercomputing Center in Tianjin on Oct. hosted the startup meeting. R＆D of China first exascale supercomputer system model is officially started.
○ Sales of Evergrande Real Estate Group (0333.HK) in September increased by 323.6 percent year on year. The company's accumulative sales in the first nine months amounted to 280.58 billion yuan, ranking the first in the industry.
TOP
[Industry Information]
○ Tesla to launch new vehicles for mass consumption, industry chain expected to benefit
------
Tesla reportedly plans to hold two press conference on Oct. 17 and 28 respectively. As expected, the focus of the press conference to be held on Oct. 17 will be the Model 3. It is Tesla's first vehicle aimed at the mass consumers. In addition, Tesla has disclosed the delivery data in the third quarter, which shows that about 24,500 cars in total have been delivered, up by more than 70 percent month to month and representing the highest single quarter sales, better than expectation.
Comment: the selling price of Model 3 is just 35,000 dollars, which has very high cost performance. It is also the main vehicle model for Tesla to reach goal of selling 500,000 cars. Institutions are in the view that in order to acquire high sales volume in China, Tesla must produce in China so as to reduce transportation costs and tariff, and thus local suppliers of high value parts will benefit. Ningbo Tuopu Group Co., Ltd. (601689.SZ) is authorized by Tesla, and its lightweight aluminum alloy chassis structure could be used for Model 3. High voltage direct current relay of Hongfa Technology Co., Ltd. (600885.SH) has been send to Tesla for checking.
○ Demand in airline and nuclear power sectors increase, development space of high-end titanium products emerges
------
At the 2nd China- foreign titanium industry market development and product application conference, Zou Wuzhuang, director of the Titanium, zirconium and hafnium branch of China Nonferrous Metals Industry Association says that the pickup of the airline will greatly stimulate demand for titanium products. Demand for titanium products in the next two years is expected to increase by 10 to 15 percent. In addition, China's nuclear power project construction will promote rapid development of the titanium market. Exploitation and utilization of oceanic resources and development of light-weight car body also become potential market for high-end titanium products.
Comment: experts hold the view that despite the trend of macro economy is still uncertain, the titanium industry is expected to gradually get out of the disadvantage of low price, high costs and poor efficiency. The utilization of titanium products in high-end areas in foreign countries has already at a high level, while in China it has just started, therefore the room is big for future development. The annual titanium output of Baoji Titanium Industry Co., Ltd. (600456.SH) ranks among the top in the industry in the world. Western Metal Materials Co., Ltd. (002149.SZ) is devoted to titanium products and rare metal compound materials, and it will gradually expand from military and aviation industry to products for civilian use.
○ Peak season of production restriction due to environmental protection comes, price of glyphosate continue to hike
------
The SSN learnt that the price of glyphosate continued rise on Oct.9. Zhejiang Jinfan Chemical Industry Co., Ltd. raised the price from 300 yuan to 500 yuan per ton. And the mainstream quote of glyphosate has risen to 20,000 yuan to 20,500 yuan per ton. Earlier on Sept. 22, Sichuan Fuhua Agricultural Technology Group, leading enterprise in this industry, also raised the price of glyphosate by 500 yuan per ton. The increase has reached 11 percent in total since the end of August.
Comment: institutions is in the view that the price hikes of glyphosate is due to the following reasons: firstly, environment protection inspection. Hubei and Sichuan provinces are both major producers of glyphosate with combined capacity of 320,000 tons, representing 50 percent of China's total capacity. Subsequent environment protection inspection will affect the rate of operation of the industry. Secondly, foreign purchase is now in the peak season, which results in higher demand for export. With support from production restriction due to environmental protection and traditional peak season of demand, the supply and demand of the industry is expected to improve. Nantong Jiangshan Agrochemical ＆ Chemicals Co., Ltd. (600389.SH) and Zhejiang Xinan Chemical Industrial Group Co., Ltd. (600596.SH) are leading players in terms of the capacity of glyphosate.
TOP
[Announcement Interpretation]
○ Xiwang Foodstuffs to buy overseas healthcare product company with 730 mln dollars
------
Xiwang Foodstuffs Co., Ltd. (000639.SZ) proposes to acquire the entire equities of Kerr at the valuation of 730 million dollars, which will paid in cash. Kerr is a company based in Canada. Its main product is nutrition supplements, and its net profits for 2015 and the first five months in 2016 were about 319 million dollars and 166 million dollars respectively. Upon completion of this acquisition, Xiwang Foodstuffs will enter the healthcare products market in sport nutrition and weight management areas, and gain new profit points.
○ DDMC Culture invests RMB 600bln. in main business
------
Wuhan DDMC Culture Co., Ltd. (600136.SH) proposes to raise 600 million yuan by issuing 33,351,900 shares to Dangdai Group, Jiang Lizhang and Yufeng Equity Investment Partnership and other related parties. The proceeds will be used for film and TV production and acquisition of 60 percent equities of Conecta. Conecta is a Chilean sports broker that indirectly controls Santa Cruz football club.
TOP
○ SDIC Essence to acquire SDIC Capital
------
SDIC Essence (Holdings) Co., Ltd. (600061.SH) proposes to raise 8 billion yuan by issuing 534 million shares to its substantial shareholder SDIC Company and others at price no less than 14.97 yuan per share. All the proceeds will be used as additional capital base for its wholly-owned subsidiary Essence Securities. SDIC will subscribe no less than 10 percent of the shares.
Meanwhile the company announces that it will acquire 100 percent equities of SDIC Capital Holdings Co., Ltd. in cash. SDIC Capital mainly owns 55 percent equities of SDIC Taikang Trust and 20 percent equities of Jintai Property Insurance Co., Ltd. among others. As of the end-June this year, SDIC Capital owns a total of 9,532 million yuan assets and a total of 8 billion yuan owners' equities. This deal is expected to be less tan 8 billion yuan. In 2015, SDIC Capital garnered an operating revenue of 1.97 billion yuan and a net profit of 1.8 billion yuan. The company's business scope will expand from securities to trust, insurance and other financial fields via the acquisition.
○ Sun Paper Industry to introduce Fosun's capital
------
Sun Holdings Co., Ltd., the substantial shareholder of Shandong Sun Paper Industry Joint Stock Co., Ltd. (002078.SZ) signed an agreement with Fosun Ruizhe Taifu Investment Partnership under which it will transfer its 190 billion shares, or 7.49 percent shares in Sun Paper Industry to the latter at 6 yuan per share. Fosun Ruizhe Taifu Investment Partnership is managed by Shenzhen Qianhai Fosun Ruizhe Asset Management Co., Ltd. Meanwhile, Sun Paper Industry Fosun will enter into a strategic cooperation agreement with Fosun. The two sides will conduct in-depth cooperation on medical treatment, tourism and maternal and child care. Fosun will make use of its resources and industry advantages to assist the company to develop in the household paper, paper diaper and other fast consumer goods to help it with transformation.
○ Foton Motor and Baidu work together to develop intelligent trucks
------
Beiqi Foton Motor Co., Ltd. (600166.SH) and Baidu signed a strategic cooperation framework agreement under which the two sides will work together to build intelligent network of super trucks. Foton Motor will provide intelligent network technologies and and related hardware support. Baidu will provide professional support, including Internet of vehicles and intelligent vehicle. Meanwhile, the two sides will jointly try and explore the cooperation mode of the Internet of commercial vehicles and conduct further cooperation in the new generation of commercial vehicle navigation and high-precision maps, commercial vehicle intelligent driving program and commercial vehicle data analysis system.
○ Beijing IRTOUCH Systems Co., Ltd. (300282.SZ) and Shandong Binzhou Bohai Piston Co., Ltd. (600960.SH) gained approval from the China Securities Regulatory Commission for their reorganization.
○ The Great Wall Culture Group Holding Co., Ltd. (300089.SZ) proposes to acquire 100 percent equities of Henan Zhiyou Zhenlong Educational Technology Co., Ltd. for 300 million yuan. Zhiyou Zhenlong Educational Tech. is a company devoted to talents cultivation. It has been engaged in software research and development and technical training. Its former shareholder promised that Zhiyou Zhenlong Educational Tech will garner a net profit of 16 million yuan, 25 million yuan, 32.5 million yuan and 42.25 million yuan respectively from 2016 to 2019.
[Financial Reports Express]
○ Easpring Material Tech. and others forecast growth
------
Beijing Easpring Material Technology Co., Ltd. (300073.SZ) forecasts a growth of 30-32 times for the first three quarters mainly due to significant growth in sales. Xinjiang Zhongtai Chemical Co., Ltd. (002092.SZ) revises up its forecast from a growth of 10-11 times to 12-13 times for the first three quarters mainly due to rising sales prices of PVC, caustic soda and viscose fiber. Lecron Internet Media Industry Co., Ltd. (300343.SZ) forecasts a growth of 363-393 percent for the first three quarters mainly due to the consolidation of the financial statement of LINKING Marketing ＆ Communication Group and Shanghai Pro-trend Advertising Co., Ltd. Jiangsu Huaxicun Co., Ltd. (000936.SZ) forecasts a growth of 6-7 times for the first three quarters mainly because it decreased shareholding in Donghai Securities and its investment returns surged.
Xuzhou Handler Special Vehicle Co., Ltd. (300201.SZ) forecasts a growth of about 4 times for the first three quarters mainly due to the consolidation of the financial statement of Shenzhen Lianshuo Technology Co., Ltd. Guangdong Wen's Foodstuffs Group Co., Ltd. (300498.SZ) forecasts a growth of 116-135 percent for the first three quarters mainly due to remarkable growth in pork prices. Zhejiang Garden Bio-chemical High-tech Co., Ltd. (300401.SZ) forecasts a growth of 170-197 percent for the first three quarters mainly because its fund-raising project reaches designed capacity. Suzhou New District Hi-Tech Industrial Co., Ltd. (600736.SH) forecasts a growth of 3 times for the first three quarters mainly due to growth of house sales and prices. China Merchants Shekou Industrial Zone Holdings Co., Ltd. (001979.SZ) forecasts a growth of 188-198 percent for the first three quarters mainly because it consolidates all the net profit of former China Merchants Group Property Holding Co., Ltd.
[Trading Trends]
○ Miteno Communication Tech. bought by three institutions
------
The trading volume ranking list on Oct. 10 shows that Beijing Miteno Communication Technology Co., Ltd. (300038.SZ) was bought through three institutional seats with a total of 35.95 million yuan, accounting for 6.6 percent of its intraday turnover.
Comment: The company announced on Oct. 10 that its acquisition of 100 percent stake of BBHI has passed the U.S. antitrust investigation. BBHI is a world's leading Internet advertising platform. With the help of BBHI's experience in the Internet field, advertising technology, media and channel resources and professional services capabilities, the company is expected to achieve strategic coordination and leap-forward development.
[Trading Alarms]
○ Nancal Tech. and Wanji Tech. to conduct IPO on Oct. 11
------
Nancal Technology Co., Ltd. (732859) will offer shares at 7.54 yuan per share with an upper limit of 11,000 shares for each applicant. The company's PE ratio is 22.97 times. The company provides solutions in industrial efficiency management. Wanji Technology Co., Ltd. (300552.SZ) will offer shares at 12.25 yuan per share with an upper limit of 10,500 shares for each applicant. The company's PE ratio is 20.91 times. The company is mainly engaged in intelligent traffic information collection and equipment treatment.
TOP
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