公司拟收购集团资产,收购完成后,我们预计鞍钢新轧2006年将实现每股收益0.77元,比2005年有11.9%的增长,收购还带来公司规模的大幅扩张和营运透明度提高。基于行业和公司基本面分析表明,在面临股改和收购的双重事件预期中,鞍钢新轧目前股价已被低估,我们给予“增持”评级。一、 The Company intends to acquire assets of the Group. After the completion of the acquisition, we expect Anshan New Roller to achieve a EPS of RMB0.77 in 2006, an increase of 11.9% over 2005. The acquisition also brought about a substantial expansion of the Company’s scale and improved operational transparency. Based on the industry and company fundamentals analysis shows that in the face of double events expectation of share reform and acquisitions, Angang New Rolling stock price has been underestimated, we give “overweight” rating. one,