Baosteel Top, "said An Insider" Wide Steel Curtain Restructuring
HC Valve Network: Guangzhou Steel long-stalled turnaround before re-issues?? According to media reports, said He Wenbo, general manager of Baosteel Group, Guangdong Province, decided to immediately start the new year in Guangdong Steel The substantive theme of the plan assets. This means that the steel project in Zhanjiang Port will accelerate the process of building, Guangzhou Iron and Steel shares closed down the old production dates also will approached, and the company's land disposal of the old plant and the future transfer of shell resources listed companies are also expected to follow the before advancing.
Even behind the restructuring of Guangdong Province Development and Reform Commission To reorganize the
after Baosteel Steel and Shaoguan Iron & Steel, and launched 10 million tons of steel base in Zhanjiang Port project, a key step would be to Guangzhou Iron and Steel shares closed down all of the existing capacity. However, domestic steel overcapacity, the process of compression project in Zhanjiang Port, Guangzhou Iron and Steel's restructuring has stalled.
2009, the gradual recovery of domestic economic situation, these factors make the steel market, demand amplification, Zhanjiang Port project control pressure falls. November 27, 2009, the Guangdong Provincial Development and Reform Commission Li Miaojuan has said publicly, Zhanjiang steel project conforms to the steel industry policy, should accelerate the process. He Wenbo, general manager of Baosteel Group, combined with the latest statement, carried on the extensive restructuring of steel shares the time is surely in sight.
Guangzhou Iron and Steel shares if the reorganization of the official opening, in which an Aspect key is the company shut down the old plant's capacity after the freed up valuable land. It is understood that in Liwan District, Guangzhou City has 1.38 million square meters of land, and the other development zones in Guangzhou Iron and Steel have 165,000 square meters of land. Because the land is located beside Pearl River in the west Hedong Bridge is the only remaining large river in Guangzhou land, and has been made into a living space, near the million or so in accordance with property prices per square meter space for a great value. Great Wall Securities, has estimated that the land transfer will bring with 2.8 to 4.2 billion yuan of disposable income.
Although sources, the land is in a secured state, but further analysis of the market after Baosteel restructure the company must solve its debt problem.
Last Friday stock price upside Guangzhou Steel shares
reorganized to bring honor not only the land value.
Wu Yi Min Executive Vice Mayor of Guangzhou on January 20 in Guangzhou City, the work of the exchange listing of enterprises, stressed that the number of listed companies in Guangzhou and Guangzhou's economic status do not match, speed up the listing of enterprises is to strengthen the Guangzhou region Financial Center of focus.
If old capacity shut down, then after the extensive loss of main business will become a net steel shell of shares for local companies are now vigorously promoting the listing of Guangzhou is a rare quality in terms of resources. There are reports that Guangzhou Bank (formerly the Guangzhou Commercial Bank) and Dongguan banks intend to use the "shell", but after clarification were widely steel.
Expectations for the future reorganization, Guangzhou Iron and Steel shares have long been concerned about funds. First, the broad trend of steel and the steel plate had departed from, November 24, 2009, most steel stocks have peaked, even though the fund's largest holding, and Baotou Steel Corporation, Nov. 24 date of drop have reached 14.74% and 17.18%, but the widespread synchronization of steel has not declined over the same period, but also up 1.61%. Meanwhile, the broad trend of steel is far stronger than the market index. January 5, 2009 date, the Shanghai index rose 66.35 percent, iron and steel index rose 72.26 percent over the same period, while Guangzhou Iron and Steel shares were up 123.50 percent total. More prominent is that on November 24 last year after the broader market showed significant oscillations occur several times daily amplitude of the Shanghai index more than 100 points, but still during the performance of Guangzhou Iron and Steel shares were very strong, but also the greatest day drop 4.38%. Just last Friday the market again fell to near the half line, Guangzhou Iron and Steel are still gone against the tide rose 4.47%.
Even behind the restructuring of Guangdong Province Development and Reform Commission To reorganize the
after Baosteel Steel and Shaoguan Iron & Steel, and launched 10 million tons of steel base in Zhanjiang Port project, a key step would be to Guangzhou Iron and Steel shares closed down all of the existing capacity. However, domestic steel overcapacity, the process of compression project in Zhanjiang Port, Guangzhou Iron and Steel's restructuring has stalled.
2009, the gradual recovery of domestic economic situation, these factors make the steel market, demand amplification, Zhanjiang Port project control pressure falls. November 27, 2009, the Guangdong Provincial Development and Reform Commission Li Miaojuan has said publicly, Zhanjiang steel project conforms to the steel industry policy, should accelerate the process. He Wenbo, general manager of Baosteel Group, combined with the latest statement, carried on the extensive restructuring of steel shares the time is surely in sight.
Guangzhou Iron and Steel shares if the reorganization of the official opening, in which an Aspect key is the company shut down the old plant's capacity after the freed up valuable land. It is understood that in Liwan District, Guangzhou City has 1.38 million square meters of land, and the other development zones in Guangzhou Iron and Steel have 165,000 square meters of land. Because the land is located beside Pearl River in the west Hedong Bridge is the only remaining large river in Guangzhou land, and has been made into a living space, near the million or so in accordance with property prices per square meter space for a great value. Great Wall Securities, has estimated that the land transfer will bring with 2.8 to 4.2 billion yuan of disposable income.
Although sources, the land is in a secured state, but further analysis of the market after Baosteel restructure the company must solve its debt problem.
Last Friday stock price upside Guangzhou Steel shares
reorganized to bring honor not only the land value.
Wu Yi Min Executive Vice Mayor of Guangzhou on January 20 in Guangzhou City, the work of the exchange listing of enterprises, stressed that the number of listed companies in Guangzhou and Guangzhou's economic status do not match, speed up the listing of enterprises is to strengthen the Guangzhou region Financial Center of focus.
If old capacity shut down, then after the extensive loss of main business will become a net steel shell of shares for local companies are now vigorously promoting the listing of Guangzhou is a rare quality in terms of resources. There are reports that Guangzhou Bank (formerly the Guangzhou Commercial Bank) and Dongguan banks intend to use the "shell", but after clarification were widely steel.
Expectations for the future reorganization, Guangzhou Iron and Steel shares have long been concerned about funds. First, the broad trend of steel and the steel plate had departed from, November 24, 2009, most steel stocks have peaked, even though the fund's largest holding, and Baotou Steel Corporation, Nov. 24 date of drop have reached 14.74% and 17.18%, but the widespread synchronization of steel has not declined over the same period, but also up 1.61%. Meanwhile, the broad trend of steel is far stronger than the market index. January 5, 2009 date, the Shanghai index rose 66.35 percent, iron and steel index rose 72.26 percent over the same period, while Guangzhou Iron and Steel shares were up 123.50 percent total. More prominent is that on November 24 last year after the broader market showed significant oscillations occur several times daily amplitude of the Shanghai index more than 100 points, but still during the performance of Guangzhou Iron and Steel shares were very strong, but also the greatest day drop 4.38%. Just last Friday the market again fell to near the half line, Guangzhou Iron and Steel are still gone against the tide rose 4.47%.
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