season since three has risen 260.73%

Southern negotiable securities continuously 17 season "gas" ha medicine shares

The securities daily market research center and Shanghai choi collect data statistics show that by the end of 2010 at the end of the third quarter, the southern securities Co., LTD. Has five consecutive years, its open ha medicine shares by 2006 automatic number three season of 71858.08 million shares, reduce to 2010 season of 1676.06 million shares, Shareholding proportion by the end of 2006, reduce three zhe to 2010 season of 1.35%; At the same time its holdings by market capitalisation of three 2006 season 480730.54 yuan, reduce to 2010 season of 38013.08 million yuan. During this period, the southern never interrupt position of securities and ha medicine shares also walked hand in hand the a-share market in 2006 has A complete NiuXiong alternate period, although its position in is adjusted ceaselessly, but its shares for harry medicine buy-and-hold intention is obvious.

In the five years, at the end of each quarter, southern securities open ha medicine the proportion of shares, and the highest appear in the September 30, 2006 and December 31, zhe, 228 ha medicine shareholding stake share prices are on the history of the second period at the end of the year, with low 6.64 yuan calculates the south of the securities market of shareholding 477137.64 yuan, up to date line research company can be found, south of the copy bottom strategy securities has been a success. Since then, its shareholding percentage began a long and stable decreasing process, lasted for 17 quarter that by 2010, three season, for achieving lowest shareholding 1.35%, but in that day 22.68 yuan calculates the market value of shareholding is still up 38013.08 million yuan. The whole, its shares of attachment to ha medicine feeling of apparent, and its long-term heavy storehouse is quite successful, firms' share prices since the 2006, in all brokers heavy warehouse stock increase in third.

From the basic surface look, ha medicine shares in recent 5 years performance is stable, its third quarter net profit by 2010 83324.67 yuan, realize year-on-year increase in net, 2009 93292.86 14.58% yuan, an increase of 8.19%, 2008 net profit 86232.00 yuan, an increase of 45.71%, 2007 net profits 59180.66 yuan, an increase of 26.64%, 2006 net profit 46731.99 yuan, an increase of 2.45%; Corresponding to this, its nearly five years of basic earnings per share is also quite satisfactory, accounted for by 2010 0.6709 yuan, 2009 0.75 yuan, 2008 for 0.6943 yuan, 2007 0.4765 yuan, 2006 to 0.3763 yuan. The company recently declared for controlling shareholder ha medicine group limited company is planning with our company, relevant material assets reorganization matters, this company stock from 2011 since jan. 13 consecutive suspension. At present, the company's controlling shareholder and relevant parties are actively promote assets reorganization of preparations. Because assets reorganization matters existing uncertainty, in order to safeguard the interests of investors avoid company's stock abnormal fluctuations, this company stock to continue the suspension, restore trade time not later than 2011 February 14.

National securities that does not consider asset injection effect, it is expected that the company 2010, 2011, 2012 realized respectively earnings per share Maurice yuan, 1.02 yuan, 1.29 yuan. Corresponding dynamic p/e ratio respectively for 23 times, 19 times, 15 times. Giving firms 11 years 30 times dynamic price-earning valuations, reasonable price 31.8 yuan.