Mindray, a leading domestic medical device company, is really coming back!
According to media reports, Mindray Medical held a general meeting of shareholders on the privatization plan on February 26 and was finally approved. According to the decision, Mindray will be privatized in March and officially withdraw from the New York Stock Exchange.
Mindray’s privatization involved $3.3 billion in cash. The two co-CEOs, Li Xiting and Cheng Ming, and Mind Chairman Xu Hang, will acquire all the outstanding shares from other shareholders at a price of 28 US dollars per share. The price is lower than the $30 proposed for the first time, but it is a little higher than the questionable $27 in the middle.
As one of the most successful Chinese companies in overseas development, Mindray's products have been sold to more than 190 countries and regions. In 2006, Mindray was listed as the first medical equipment company in China on the NYSE, and it was once a model for China. Now, 10 years have passed, but Mindray has chosen to leave the NYSE. What is the picture?
Guess: Return to A shares, circle money!
Mindray was listed in the US in September 2006, and its share price rose to a historical peak of $44.99 per share a year later. But now, as of the close of February 29, the stock price is $27.80.
At present, the company's price-earnings ratio is 18.66 times, while the A-share listed equipment is as high as 35.48 times.
In terms of market capitalization, Mindray is 3.276 billion US dollars, equivalent to 21.451 billion yuan. Yu Yue Medical closed at 15.07 billion yuan as of today. In the A-share market, the market value of the fish jump has reached 43 billion yuan.
The other medical device company controlled by Yuyue Technology, China Resources Wandong, has a market value of 5.664 billion, and the price-earnings ratio is as high as 167.76 times.
In fact, from the performance point of view, Mindray is much better than the fish jump.
According to the annual report, Mindray's revenue in 2014 was approximately RMB 8.1 billion and its net profit was RMB 1.2 billion (not yet in 2015).
In the year of 2015, Yuyue Medical had an operating income of 2.125 billion yuan and a net profit of 369 million yuan. China Resources Wandong expects a net profit of around 40 million yuan in 2015.
In the calculation, Mindray's operating income is about three times that of the two companies of Yuyue Technology, and the net profit is more than three times. The market value is not high, and the price-earnings ratio is far worse.
Let's take a look at Libang Instruments, which is the same door as Myrtle, who is in Shenzhen, and who has "played a big frame."
Libang is expected to have an operating income of 550 million in 2015, an operating profit of 65.5 million yuan and a net profit of 103 million. Among them, there are mergers and acquisitions and government subsidies. However, the price-earnings ratio is as high as 195 times, and the market value is now 3.997 billion. In the past, it has reached 11 billion. Mindray's revenue is ten times that of others, but this market value. . .
The market value has long been underestimated (at least in public opinion and the securities industry generally think so), how can Mindray's management be dissatisfied with grievances?
Instead of holding a dead brand on the overseas listing, it is better to return to the A-shares.
With the same performance, getting a higher valuation can bring more money to Mindray, which in turn will lead to greater M&A capabilities. You need to know the Central Plains, but the cash is king!
Organic Alfalfa grass powder, also known as Organic Medicago powder, Organic Alfalfa Leaf powder, is an amazing nutrient-dense superfood rich in fiber, carotenes, vitamins, chlorophyll, minerals, and essential amino acids. A very popular ingredient in green smoothies, drinks, and green powders. Of particular benefit to sportspeople, anyone trying to lose or maintain weight, also very beneficial for sufferers of inflammation and painful joints.
In the Middle East, alfalfa is known as the [father of all herbs." Alfalfa is one of the most nutritious plants on earth, its leaves are rich in calcium, magnesium, potassium, beta-carotene, vitamins A, B-12, C, D, E, and K. Alfalfa has also been found to contain all eight essential amino acids. It even contains fluoride which can help prevent tooth decay. Alfalfa is one of the highest fibrous herbs in existence and we are unable to digest its raw leaves. For centuries, Native Americans ground its seeds to be used as flour or boiled its
Product feature
Non-GMO
Nutrient-Rich
Brilliant Color
Excellent Dispersion
Superior Flowability
Alfalfa Grass Powder,Organic Alfalfa Grass Powder,Organic Medicago Powder,Alfalfa Grass Powder
Organicway (xi'an) Food Ingredients Inc. , https://www.organicwayince.com