What Chinese nation trade is engaged in apartment of office building, concerning foreign affairs or foreign nationals and market facilities is rental reach management. At present the rental property of the company founds a state in Beijing entirely the CBD of the door, include office building: One hundred and five thousand three hundred smooth rice, store: Twenty-eight thousand eight hundred smooth rice, apartment: 51 thousand smooth rice.
There is great majority to be stationed in inside Beijing CBD at present China 500 strong companies of many 100 diplomatic mission, world, formed the industrial group that is sure to be orgnaization of safeguard, service to be form a complete set for core, finance with headquarters. This makes this one area has CBD the competitive advantage that cannot duplicate.
The asset below division of Chinese nation trade includes first class office building, store, apartment, exhibition hall. In addition, there still is hotel of trade of the Chinese old hotel of the parent company, nation in periphery. This makes Chinese nation trade has perfect integrated service establishment, can provide office, accommodation, meal, exhibition, feast with be stationed in a client to enter, shop wait for form a complete set to serve. Trade center develops the nation actively communication activity, increase a country the consequence of " of trade " brand, trade is in the country also is high-end property inside CBD.
Growth of hire of the property below trade division stabilizes the country, among them office building is average year of increase rate for 5.23% , store year increase rate is 10.99% . Exhibition hall income year compound increase rate 9.8% . Hire increase rate exceeds CPI growth, can provide stable get one's own back for investor.
Country trade 3 period property type is office building, exceed hotel of 5 stars class, commerce, meal, cinema, interest rate of wool of this kind of property is high, appreciation is sharp. Metaphase can throw the store this year use, the others predicts 2009 investment is used. Trade is in the country to did not come 3 years, outstanding achievement year after year has very big growth.
2008, 2009, the company predicted every gain parts 2010 is 0.35, 0.47, 0.4 yuan, corresponding and current city is filled with leading is respectively 36 times, 27 times, 32 times. Photograph comparing is other and rental model cost of estate company estimate is not high, and country the property hire of trade goes up fast, assets disposition is tall, should offer certain excessive price.
Chinese nation trade weighs appraise net assets every to be 15.23 yuan. Reasonable share price also should be 15.23 yuan. Prep above is current share price, give recommend grade. Target price 15.23 yuan.