Cai Qingwei: Hunan's non-ferrous metals are generously priced

Today is the first trading day of 2015, the new year new pattern, I wish all the comrades to start again on a sunny day, to be the gold finger of the stock market, which one to upgrade.

Looking back on last year's record, the returns of the stocks are good. In the stock market, the Hang Seng Index rose 1.3% year-on-year, normal people can outperform, and my double-digit return; the property market returns are more enjoyable. It is estimated that the Central Plains City Index (CCI) should rise more than 13% in the whole year, of course, outperform the market. . The feeling of wealth appreciation is really good!

Hunan colored gifts

In this issue, we will talk about two numbers in one section. Let's talk about Hunan Nonferrous (2626). The comrade-in-arms Liu Jun is a former media executive. He can also call him a former media tycoon. The latter statement is a bit exaggerated. It doesn't matter. In the beginning of the year, everyone is happy. He recently paid attention to Hunan Nonferrous Metals Co., Ltd., which recently chose to privatize and withdraw from the market, raising the price by 4.2 yuan per share, which is 68.67% higher than the pre-suspension price. The purchase price of domestic shares is about 1.58 yuan per share. The H-share price is generous.

Should minority shareholders accept privatization? Personally, this is a New Year gift for four reasons: Basic factors, Hunan's non-ferrous assets are good, but the industry is overcapacity. In the next few years, it should be the time when the capital is priced, and if the market price is not delisted, it is not optimistic; In terms of financial data, Hunan's current price of PE is about 54.65 times, and PB is about 2.77 times. It is difficult to find a comparison with the same industry. It is barely looking for China Aluminum (2600) and the same Minmetals Resources (1208). The former price of PE is about 38.89 times, PB is about 0.86 times, the latter price of PE is about 15.89 times, and PB is about 1.01 times. If it is not delisted, it is difficult for the market to give such a high valuation. In terms of stock price movement, except for investors who entered the market in 2007 and 2008, in recent years Investors entering the market should have a good return; in terms of strategic layout, it is better to buy other state-owned enterprises to reorganize the concept stocks after leaving the market, and it is better not to accept them and then to do a few years of hairy crabs.

Enric is bottoming out

One of the two sectors is the oil stocks and related sectors. CIMC Enric (3899), which had earlier pre-requisites, performed well. The premise of several weeks was 5.6 yuan in a timely manner. By the end of the year, it closed at 6.15 yuan, an increase of 9.82%. Please pay attention to your comrades, the oil price has not stopped falling during the period, and Enric has built the bottom. Personal investment ideas, when the oil price falls below 50 US dollars, make another note.

The other sector is the restructuring of state-owned enterprises. The restructuring of state-owned enterprises is different. Some people resign from their hometowns to privatize them. Some people missed the night to go to the market to make an overall listing. Treasure-seeking state-owned enterprises should be the main investment axis in 2015. Many stocks in A+H stocks with long-term low stock prices have reorganization incentives. Personally, I don't agree that the merger of state-owned enterprises into a so-called "world-class enterprise" through mergers is just one thing. It is one thing to believe that it is not the same. Luoyang Molybdenum Industry (3993), Dongfang Electric (1072) ), Shanghai Electric (2727), Harbin Electric (1133) can pay attention.

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