Thursday, April 28, 2011

Relegated to the shareholders of a listed company

Event:
Three special aerial ropeway announced annual, annual revenues 33,899.17 yuan, realize year-on-year growth 36.75%; Realize 6,016.31 yuan business profits year-on-year, 13.48%;
Relegated to the shareholders of a listed company 2,975.73 million yuan, the net profit 33.93% year-on-year.
EPS0.25 yuan, an increase of 31.58%. Scheme: intends to 10 pie 0.5 yuan.
Comments on:
Tourist estate revenue 1,774.02% year-on-year increase. Main business cable management as in scenic spot, and tourism development of real estate operating subsidiary, aerial ropeway and tourist estate are attached to the scenic resources. 2010, hainan tower ridge travel company pension apartment sounds valley project achieved sales revenue 5,404.81 million yuan; Shennongjia property companyMBT Kisumu , achieved sales revenue 859.67 million yuan; Total revenue 6,235.79 million yuan, an increase of 1,774.02%.
Profit and revenue growth not synchronization. There are two main reasons why: one is the income in the tourism real estate company average gross margin, gross margin level below 2 it is in May 2009 after the opening and PingBa fanjing mountainsmbt shoes usa

travel companies, xian, wuyi mountain cable company camp compared during the four months increased off-season business time.
Scenic spot trainers well-grounded. The company profit model is "scenic tourist estate" cable + +, put the intelligence is good for development of famous scenic area, nurturing to play the role of "scenic spot trainers". At present the , MBT Kipimo clog company place industry might 25,308 annual capital demand, 11 million, 8 projects invested in. Have certain financing needs.
Performance prediction and valuations. We predict company 11, 12 years EPS respectively of 0.44 yuan 0.32 element. March 31 closing 17.20 yuan, the relative to 11, 12 years 53.75 X, respectively for PE 39.09 X. Give "immediately" rating.
【 tour concept stock list]
600358 joint (CST)
Xiang-e-chuan-qian 002306) emotion (

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