The reform of the central heavy-duty Enterprises
Iron and steel coal enterprises in 2016 while improved, but overall is still in a state of embarrassment stalled, to capacity, transformation, development and so on the sideline for some enterprises to get temporary benefits, some enterprises on the verge of collapse, and even try to poison.
In the evening of June 26th, both Wugang shares and Baosteel shares issued a announcement that the two were planning the strategic restructuring and stopped at the same time in June 27th. Insiders pointed out that in general, in addition to the steel industry itself to reduce production supply side reforms, this integration was the Minmetals and MCC, and the state nuclear power investment after the merger of another heavyweight of the central enterprises mergers and acquisitions, means that the national level of central enterprises mergers and acquisitions reform into the powerful implementation stage.
Boosted by the news yesterday, the steel plate as a whole rose more than 2%, outperforming the broader market, stocks, 44 stocks rose, the new steel shares a strong limit, Jiuli followed, rose to 5.7%, in addition, *ST Shaogang (4.84%), Shougang shares (4.75%, shares) (Anshan 4.62%), Anyang iron and steel (4.49%), Jinling mining (4.46%), Hainan mining (4.33%), Jiuquan Hongxing (4.24%), (4.19%) Liuzhou Iron and Steel shares and other stocks also rose over 4%.
To promote the structural reform of the supply side is a major innovation to adapt and lead the new normal of economic development. From last year, the central financial work leading group of the eleventh meeting of the national level the first mention of the "focus on strengthening the supply side structural reform", to the Politburo collective study thirtieth times this year the national level the reform will describe as the "13th Five-Year" period of the development of a strategic focus, "collar", "hand", until the day before the national high-level visits in Jiangxi on the occasion again around this concept to the addition and subtraction together, it can be said that the "supply side structural reform" has become a high-frequency words in the economic field, China supply side structural reform roadmap increasingly clear.
Capital flows, yesterday, a total of 29 steel stocks showed a net inflow of large single state, 10 stocks large single capital inflows over 10 million yuan, the 10 stocks were: Jiuli (68 million 68 thousand and 900 yuan), River Steel shares (56 million 726 thousand and 200 yuan), new steel shares (53 million 277 thousand and 600 yuan), wine Hongxing steel (39 million 515 thousand and 500 yuan), Fushun special steel (26 million 243 thousand and 800 yuan), a new day constant (19 million 127 thousand and 700 yuan), Shougang shares (18 million 159 thousand and 200 yuan), Anyang iron and steel (17 million 990 thousand and 800 yuan), *ST Shaoguan (12 million 858 thousand and 700 yuan), Jinling mining (11 million 980 thousand and 600 yuan), the net inflow of 10 stocks accumulated large single capital amounted to 323 million 949 thousand yuan.
In this regard, Guangzhou - development securities expressed a good look at the performance of steel industry companies in the two level market. In the short term, the reform of state-owned enterprises reform policies and implement specific actions of listed steel enterprises is expected to have a positive stimulus, the merger and reorganization of hand pulled valuation, on the other hand, the supply side contraction will significantly improve the high elasticity of profits; the long term, resolve overcapacity in the clearing, bad debts and other issues, the steel industry listed the company's share price will eventually show a performance driven, focusing on promising leading companies.
As for the further speed up of the reform of the central enterprises, China Federation of securities has proposed the following main lines. The first is the operation of state-owned capital and the expansion of investment companies. It is recommended to pay attention to China airlines industry, sinochemical group and China Merchants Group and its subsidiaries. The two is the merger and reorganization of excess capacity enterprises. It is suggested to pay attention to the reform trends of coal, iron, steel, cement and colored four big surplus industries, internal groups and their listed companies. The three is the internal integration and reorganization of the industry. The four is the reform of the mixed ownership of enterprises.
In fact, not only is the steel industry, on the supply side of the background of the current economic structure adjustment become the main tone of the work, the central enterprises reorganization tide has begun to show, according to statistics, as of June 27th, the Shanghai and Shenzhen two, a total of 85 state-owned enterprises listed companies announced the suspension, among them, 61 companies due to major issues or important matters not notice the suspension, accounting for more than 70%.
