What is the reasonable price of 00751 zinc shares

The short-term pressure level is to come first to the left and right, and then to go after the breakout, and the above pressure is relatively large. You can get involved and do it appropriately.

2008-02-04] Zinc shares: the opportunity to fall out?

Beijing Business Daily. In just a few days, the shares of zinc industry fell from more than 19 yuan to 11 yuan. **The reason is very simple, the performance declined in the fourth quarter of last year due to the impact of metal zinc.

So now that the price of zinc has risen again, is the share price of 11 yuan of zinc shares a little undervalued?

The announcement of Zinc Industry Co., Ltd. to explain the reasons for the loss is what it says:"Zinc shares are expected to lose net profit in 2007, with a cumulative loss of about 100 million yuan. The reason is that the company's main product zinc ingot ** in the fourth quarter of last year continued, fast**, affected by the early inventory and the company's non-mineral raw material ** base, zinc concentrate needs to be 100% purchased at market price and other factors, resulting in a large loss in the main business.

According to my understanding, the real reason for the company's stock price is not the zinc ingot in the fourth quarter of last year, nor is it expected to be 2 in 2007The loss of 700 million yuan, but the company's non-mineral raw material base and raw materials need to be purchased according to the market.

In fact, this thing has always existed, but many ordinary investors don't know about it. Many professional speculators around me don't know that zinc shares are not a resource class, but just a processing company. But as soon as this announcement came out, everyone knows, re-measured according to the valuation standards of industrial enterprises, zinc shares in the first three quarters of 2007 earnings per share, not to mention the loss in the fourth quarter, even if the fourth quarter of the earnings are also in accordance with the standard of the first three quarters, then the annual earnings per share, according to the current stock price of more than 11 yuan, the price-earnings ratio is still as high as 55 times, not cheap.

This is the real reason for the share price of zinc shares.

But in other words, the share price of zinc shares can not be measured completely according to industrial enterprises, if the stock price is generated purely because of the change in valuation standards, this may not be a ** opportunity. From the subject matter, if the zinc industry shares belong to industrial processing enterprises, then it has the concept of asset injection, what is the injection? Zinc ore.

Although the zinc shares do not have their own raw material base for the time being, this does not indicate that there is no future, perhaps the support of major shareholders, or external purchases, as long as the future zinc shares have their own raw material base, it will become a resource class, and the valuation standard will change.

The company is the only large-scale heavy non-ferrous metal smelting enterprise in Northeast China and North China, and is close to the copper, lead and zinc consumer markets.

The land and waterway transportation is convenient, the logistics cost is low, and the imported raw material resources are better than those of domestic enterprises in the same industry.

Unique regional advantages. The production capacity of the main product zinc ranks first in the country, and the "HX" brand refined zinc was obtained in 2006

National Inspection-free Products" certificate. Zinc, cadmium and zinc powder won the national silver medal; Sulfuric acid won the National Gold Award. Products should be extensive.

It is used in metallurgy, machinery, electronics, medicine, chemical industry, military industry and other industries, and is exported to more than 20 countries and regions.

Short-term stress. In the medium term, considering that the non-ferrous sector is weaker than in 08, the current reasonable price is set at 14-15