Sanlux (002224)
A large proportion of shareholding increase shows the confidence of actual controllers. This increase is the second increase in the shareholding of the actual controller in the New Year. This time, a large proportion of 9.19 million shares were increased, accounting for 1.4% of the total capital stock, accounting for about 4% of the actual circulating capital stock, with an increase of 152 million yuan. At the same time, Wu Qiongying, one of the actual controllers, promised not to reduce his shares in the company within six months. In addition to the previous fixed increase project of 500 million yuan for the company's unmanned submersible, the controller subscribed for 80% lock for three years, demonstrating the firm confidence of the controller in the company's medium and long-term development.
Considering the dilution of fixed increase, it is estimated that the diluted EPS from 2015 to 2017 will be 0.33/0.45/0.55 yuan, corresponding to PE48/35/28X. It is estimated that the military industry and quantum communication will still significantly exceed expectations. After the interests of the company's management are resolved, the recommendation logic will be gradually realized. At present, the fixed price increase is 17.5 yuan, and the current price is inverted, maintaining the "buy" rating. (Soochow Securities)
Weichuang Shares (002308)
Regular increase of fund raising accelerates the integration of resources in preschool education industry. This non-public offering is expected to issue no more than 119.8466 million shares and raise no more than 2.5 billion yuan in total, mainly for investment in kindergarten operation integration solution projects, with a total of 1.2 billion yuan. Through this non-public offering, the company will further enhance its competitiveness in the preschool education industry, optimize the structure of products and services, improve the efficiency of kindergarten operation and management, and ensure the future operation and profitability. However, considering the uncertainty of this offering, the early performance forecast is maintained: from 2015 to 2017, EPS will be 0.19 yuan, 0.22 yuan and 0.31 yuan, respectively, and the target price of 140 times PE and 30.8 yuan in 2016 will remain unchanged, so a buy rating will be given. (Haitong Securities)