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在人民币升值的背景下,公司拥有北京最优质地产资源——北京太阳星城,皇城脚下,寸土寸金,地产升值可能最大的地段。而且公司开发项目定位普通住宅,不受宏观调控打压,公司业绩良好,未来三年将高速增长,股价超跌,风险已经完全释放,冠城大通作为优秀的房地产蓝筹上市公司,开始进入机构视野,将逐渐成市场热点。目前05年动态市盈率仅为10倍,06年动态市盈率仅为7倍。公司现已发布05年中期业绩预增公告,预计业绩将大幅增长50%-100%。我们认为其目前价值低估,投资建议买入。
In the context of the appreciation of the renminbi, the company has Beijing’s highest quality real estate resources - Beijing Sun Star City, at the foot of the imperial city, land and land, where real estate appreciation may be the largest. In addition, the company’s development projects target ordinary houses and is not subject to macro-control, the company’s performance is good, and it will grow rapidly in the next three years. The stock price will be oversold and risks will be fully released. As an outstanding real estate blue chip listed company, Citychamp Chase begins to enter the institutional vision. Gradually become a hot market. Currently, the dynamic P/E ratio is only 10 times in 2005, and the dynamic P/E ratio in 2006 is only 7 times. The company has now released the 2005 interim results pre-addition announcement. It is expected that the performance will increase by 50%-100%. We think its current value is undervalued and investment is recommended to buy.