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every reporter Zhong Shu Zeng Jian
as "Tibet region in the H shares listed on the first company is also listed first domestic high-end mineral water" Tibet 5100 (01115 Main line of action, HK), the recent mysterious crash quite strange in just four trading days, the closing price of the company's value had fallen by nearly 21%.
However, the company is not aware of any reason for share prices drop and increase in trading volume in the 20-day notice. In early February sued the Ministry of Railways, refused to disclose the "the Tibet Glacier 5100 mineral water" issue is based at the station within Guangdong lawyer Pang Kun administrative proceedings regarding the "Daily Economic News" reporter will not cause the company's stock price in the short term such a large impact.
lawyer: litigation events have no direct impact on the stock price /
the Tibet 5100 stock fell began February 19, the 20th lowest intraday hit HK $ 2.45, a decrease of 12.4%, 21 Tibet 5100 again plunged 10.63 percent to close at HK $ 2.27. Until February 22, intraday stock price hit a low of HK $ 1.95 to close at HK $ 2,www.coachfactory13.com.28.
for Tibet 5100 crash, the market is still confused. 21, 2009, the media reported that Guangdong lawyer Pang Kun early February sued the Ministry of Railways, the reason for the Ministry of Railways is not to fulfill the duties of information disclosure in accordance with the law, the basis for issuing the station refused to disclose the "the Tibet Glacier 5100 mineral water". On Friday (February 22), the "Daily Economic News" reporter a telephone interview with Pang Kun lawyers, in order to understand the relevant circumstances of the administrative proceedings. Pang counsel to the "Daily Economic News" reporter, said coin currently train ticket for the train to receive Tibet Glacier Mineral Water 5100 the reply of the Ministry of Railways, Tibet Glacier Mineral Water 5100 "is not included in the train ticket, but but does not belong to government information and refused to answer the reasons for distribution of free mineral water.
The lawyers believe
Pang essence should be a trade relationship between the subsidiary in 5100 with the Ministry of Railways in Tibet Railway Express. Initially, Tibet 5100 through the buy one get one way to replace the advertising costs to provide free water to the CRE; pure mode of procurement and supply in the late Even the mineral water is not included in the fare, but issued regarding ( Whether free or paid) still involves stop resource usage and costs allocated, eventually needed taxpayer to foot the bill. In addition, as the total distribution of Railway Express, the company as an express undertaking marketing of mineral water, although not illegal, but the practice is not appropriate.
public information display, shortly after the opening of the Qinghai-Tibet Railway in 2006, Tibet 5100 Water Resources and the Ministry of Railway's Railway Express in 2007 to establish a strategic partnership, the first agreement, the CRE bear the transportation costs; In 2008, a new procurement agreement, the Tibet 5100 for the first time decided to provide free bottle of water will CRE purchased a bottle water.
However shortly after Tibet 5100 landing HKEx in June 2011, foregoing Purchase Agreement occurs a change. July 15, 2011, the company announced that the replacement procurement contract according to the latest company with CRE, CRE procurement volume from 2011 to 2013, the original 75,000 tons per year contract dropped to 50,000 tons; At the same time, the new contract is canceled the original terms of the buy one get one contract. However,Coach Outlet Store, the Company believes that due to the cancellation of the "buy one get one free", the actual replacement contract will have a positive impact is expected that will enhance the company's overall gross margin and profitability.
for possible causes of the recent Tibet 5100 shares tumbled Pang lawyers that the Ministry of Railways administrative proceedings regarding the huge legal impact on the company's share price or no direct, short-term. The one hand, the lawsuit against the Ministry of Railways,www.Coachfactoryonlineshopping.com, not CRE or Tibet 5100; On the other hand, even though the last of Railways will announce the free distribution of information of the water thing, but if to look at the estimated time of the administrative litigation process ,coach factory, the first trial, the second trial ended and the court's final judgment,Coach Factory Outlet, at least, needed two to three years. Therefore, will not cause the company's stock price in the short term such a big impact.
Company: Railway Express contract expiration date unchanged /
Investment Advisor in the food industry researcher Liang Ming declared in an interview with the "Daily Economic News" reporter pointed out that the 5100 Tibet Glacier Mineral Water in particular, its main means of marketing with the railway system, a short period of time has made some achievements, their performance and enhance the brand influence to generate a larger role, but this model there are also drawbacks. Liang Ming declared the one hand, Tibet 5100 over-reliance on the rail system channels, there is renewal fails while the other channels are not yet expanding risk adverse long-term development of the enterprise; On the other hand, this mode easily consumers regarded as bundling, which led to consumer dissatisfaction with the brand.
Tibet 5100 from the former to the high degree of dependence on CRE data disclosed in the prospectus is evident: in 2008, 2009 and 2010, under the buy one get one agreement, Tibet sales revenue of 1.195 billion in 5100, 2.158 billion and 3.605 billion yuan, the CRE contributed 90.9% of total sales, 89.7% and 89.5%, and 76.8% of total revenue, 81% and 80.5%. In December 2010, the Company announced that the aforementioned new extension of the purchase agreement for three years to December 31, 2013, during the annual CRE will buy 75,000 tons 328 ml bottled mineral water, at the same time, Tibet 5100 will need a year to the CRE 75,000 tons and 330 ml of bottled mineral water.
22, as an investor in contact by telephone and mail Tibet 5100 asking fell, the relevant person in charge of the public relations firm, said the unusual price and volume changes in the content of this announcement released on the 20th, the current the company is not a clear reason for the stock prices falling, the company did not notice any changes in the related news and stock price; same time, the contract between the Company and Railway Express maturity remains previously announced on December 31 this year day, there is no change.
stable share price
to the repurchase of the company re-emergence in the fall, the person in charge did not give a clear answer, saying only that, the decline has been the company's share price on Friday (February 22) narrowed; addition, the recent Hong Kong stock market as a whole has the callback, the general trend factors will also affect the company's share price fluctuations.
earnings expectations
addition, the person in charge of the public relations firm, the 2012 Annual Report will be published before the end of March this year as scheduled. Reporters noted that the mid-year report released by the company last September, the first half of 2012, operating income of 247 million yuan, a year-on-year growth of 18%, net profit of 178 million yuan, a year-on-year growth of 20%. At the same time, the customer structure optimization previews, CRE sales revenue accounted for 33% of the operating income from the same period last year, down to 27%; retail channel sales revenue total operating income from the same period last year to 12% rose to 41%.
crash or with the recent acquisition of the /
a condition of anonymity, the industry said in an interview with the "Daily Economic News" reporter, resulting in Tibet 5100 recent share price plunge may last acquisitions.
reporter noticed, on December 5 last year, the company announced that the seller Tibet highland barley beer will be Limited to promote diversified development, Guangdong Antaur Economic Development Co., Ltd. and Sichuan Swan Lake Sports Development Co., Ltd. Total pay 595 million yuan, Tibet heaven and earth for the acquisition of the production and marketing of barley beer, green drinks Development Co., Ltd. 35% stake.
Announcement the Cosmos Green was founded on April 28, 2009, is principally engaged in the R & D, production and sales of barley beer, with an annual capacity of 20 million tons. Heaven and earth green unaudited sales revenue of 113 million in 2010 and 2011, 3.83 billion after-tax profit of 30.76 million, 41,coach factory outlet.23 million yuan; ended October 31, 2012, sales revenue and tax profits were 241 million , 55.63 million yuan. Reporters rough statistics found that 35% equity purchase price of 595 million yuan, to Tibet 5100 of heaven and earth green overall valuation of $ 1.7 billion; while, if heaven and earth green 2011 after-tax profit of 41.23 million yuan, about heaven and earth green PER was 41.2 times,www.coachoutletonlinefe.com.
person in charge told reporters that the aforementioned the Tibet 5100 PR company, equity acquisition regarding progress well, did not have significant changes.
The
worth mentioning is that the publicly available information as early as in 2011, the Ministry of Railways had signed with heaven and earth green of the first batch of 25,800 tons of barley beer orders; barley beer, mineral water such as the 5100 through the Qinghai-Tibet Railway and Railway Express transported to various places,Coach Factory. In this regard, Liang Ming declared that the domestic beer industry has formed four giants of China Resources Snow, Qingdao, Budweiser and Yanjing, barley beer, or it will be difficult to compete in the national market; mainly taken similar to the 5100 sales of mineral water in the form of Tibet, I am afraid only a difference in the railway market within.
reporter noticed, the five consecutive trading days after the acquisition announcement last year, Tibet 5100 stock price continued to fall, the cumulative decline of 12%,Coach Outlet.
an interesting detail, both regarding the acquisition as Tibet 5100 Option the seller one - Tibet highland barley beer Ltd., or acquisition target - heaven and earth green, both of which have thousands of wire (000752, SZ) Wanlv contact this main beer A-share listed companies has just announced on the 4th of this month to give up its diversification strategy, the termination of the rare earth industry, thickly rare earth investment. According to media reports, the highland barley beer was originally owned by the development of Tibet 50% of the core subsidiaries - Tibet Lhasa Brewery Co., Ltd. to develop and produce, but smaller; 2009, the highland barley beer alone split out the establishment of a world of green drinks in Tibet Development Co., Ltd. by the Tibetan barley beer Limited and Tibet, the state-owned investment company holdings.
In October 2009, Tibet Lhasa Brewery Co., Ltd. Deputy General Manager of Norbu Tsering said, the company's partners, a total investment of 7.3 billion yuan in Tibet Tiandi Green Beverage Co., will be put into operation in March 2010, when, Lhasa Beer Heaven and Earth green annual output will reach 20 million tons; April 2011, the development of Tibet bulletin board resolution said, agree commissioned by the Tibet heaven and earth green processing subsidiary of Tibet, Lhasa beer cans loaded Lhasa beer, the matter does not constitute connected transactions.
enter discussions
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