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发表于 16-7-2007 10:58 PM
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傳競投迪拜20億工程
LCL機構應聲漲
(吉隆坡16日訊)LCL機構(LCL,7177,二板貿易)或將與迪拜公司,聯合競投迪拜總值6億美元(約20.7億令吉)的Trump International Tower工程,今日股價漲勢凌人。
該股以揚20仙,至7.50令吉報開,隨即漲幅擴大,並徘徊于50仙至65仙之間,但穩居十大上升股榜首。
休市時,該股暫以7.80令吉挂休,漲50仙。
目標價RM8.90
聯昌證券研究指出,市場傳言,LCL機構將與迪拜當地業者競投達6億美元的工程,加上早前在哈薩克洽談總值達1億美元(約3.44億令吉)的工程,業務前景樂觀。
目前,LCL機構訂單總值少過5億令吉,並有總值26億令吉的數項工程正在競投中。
“若根據以往15%的競投成功率計算,未來2至3個季度,LCL機構料將取得約4億令吉的工程。”
此外,該公司目前的產能達60%,平均每年應付5億至6億令吉的工程,若在09財年競得6億令吉的工程,LCL機構或將考慮外包至柬埔寨、越南及中國。
除了業務發展穩健,LCL機構也將于7月杪轉至主板交易,公司也將在7月18日派發1配2紅利,股本則將從4040萬令吉,擴大至6090萬令吉。
綜合上述發展,聯昌證券研究維持“跑贏大市”(outperform)評級,目標價為8.90令吉,並上調08至09財年的營業額預測值。
閉市時,該股報7.95令吉,揚65仙,全日成交量為94萬1000股 |
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发表于 17-7-2007 09:29 AM
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原帖由 stereo 于 16-7-2007 10:58 PM 发表 
傳競投迪拜20億工程
LCL機構應聲漲
(吉隆坡16日訊)LCL機構(LCL,7177,二板貿易)或將與迪拜公司,聯合競投迪拜總值6億美元(約20.7億令吉)的Trump International Tower工程,今日股價漲勢凌人。
該股以 ...
请问什么时候的Announcement说LCL已经Confirm去MainBoard了?
我找不到。。Paiseh。。 |
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发表于 17-7-2007 10:01 AM
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LCL Corp aims big in the Middle East
Updated : 14-07-2007 Media : The Star
OVER the past few years Dubai has transformed from a sleepy town located in the foothills of the Hajar Mountains, to a bustling metropolis, and is now quite aptly dubbed the city that never sleeps.
The transformation, which has drastically changed the landscape of the barren plain, started in the mid-1960s and has not ceased since then, and the cityˇs skyline is littered with cranes atop skyscrapers still being constructed.
Among the more notable construction projects going on are a new airport at a cost of US$4.5bil, 70 residential towers at the Dubai Marina and the Dubai International Financial Centre. And the most impressive must be the tallest building in the world, the Burj Dubai being built costing about US$800mil, adjacent to which is The Residences, an upmarket commercial and residential property which is also half-completed.
Also there is a US$5bil theme park dubbed Dubailand, which will be a replica of Disneyland in the dessert, two Palm Islands, one with 47 hotels including the largest leisure project in the Middle East; and an offshore archipelago of individual islands shaped like a map of the world, aptly called Dubai the World and an underwater hotel being constructed now.
In the midst of all this development, one Malaysian company has been prospering, and making a name in the international arena, offering interior fit-out services to the giant construction companies operating in Dubai.
Of late, second board company LCL Corp Bhd has garnered quite a bit of fanfare as a result of its prowess in Dubai, and is poised to move to the main board of Bursa Malaysia as part of a plan to better position the company.
In line with its shift to the main board, more fund managers, analysts and investors in general have started taking notice of the company and understanding its business prospects. As a result of the heightened interest, LCL Corpˇs shares have gained by more than 300% year to date.
Much of the rally on the companyˇs stock can be attributed to its strength in the Middle East, where LCL Corp is bidding for as much as RM2.6bil (2.8 billion Dirham) worth of jobs, which involve the company providing, furnishings, and other accessories to hotel rooms and buildings.
The companyˇs managing director Low Chin Meng says he estimates, albeit conservatively, that LCL Corp will secure as much as 15% of the jobs bid for, which could translate to at least RM395mil in new contracts for the company.
¨We have a 15% success ratio, meaning we ink about 15% of the jobs we bid for. This will boost our order book considerably. We have an existing unrecognised 400 million Dirham (RM375mil) order book in Dubai. If we get 15% of what we have bid for we will about double our Dubai order book,〃 explains Low.
And LCL Corp has not just been inking average run of the mill contracts, but has been appointed by large international names to provide interior fit-outs for their development.
Strong partners
Among LCL Corpˇs clients are international names such as Kerzner International Ltd and Emaar Properties PJSC, the largest publicly traded property developer in the Middle East.
Kerzner is building The Atlantis Hotel Resort in Dubai, which will have more than 1,500 rooms and will be located at the crescent of The Palm luxury resort, slated for completion in 2009.
Emaar is developing the Dubai Mall project, which will be the largest mall in the world when completed. Emaar is also involved in several large-scale developments in the region and inked a contract to build a US$700mil shopping mall in Cairo, Egypt.
Low says: ¨Getting a project here is not difficult, but the execution is where the difficulty is. If you donˇt have the expertise, the ability and the capacity, the market will give you one chance and thatˇs it.
¨For us, looking at the background of LCL (Corp), our structure and fundamentals are there. We have a factory and people with skill, the experience of working abroad and most of the construction companies have visited us in Malaysia and know we have the capability and the commitment.
¨Look at our work at the Dubai Mall for example. We have put in a large number of people to ensure the project is a success and so forth. We have the commitment, so the market here has actually accepted us, which is a very good thing for us,〃 Low says.
There are also other large jobs the company is negotiating for ? from Kerzner and other giants ? jobs where the market says LCL Corp is the frontrunner. Low does not discount the possibility of more jobs but declines to provide details.
¨Negotiations are very straightforward over here. We have already made a name for ourselves, so itˇs whether we want to accept the jobs or not. We know the terms and conditions. But you must understand if we are going to go on a large number of projects we will have to incur borrowings, as our working capital is small. And that will impact our gearing. Our gearing now is not exactly low, but still manageable. Anyway we will make the necessary announcements when we are ready to do so,〃 he says.
Although he is tight lipped, the Dubai market has been abuzz with talk of LCL Corp and a partner inking a large job with Trump International Tower, providing fittings for a US$600mil, 48-storey skyscraper hotel and residential development.
With these contracts, Low readily admits that LCL Corp is in line to bag more contracts. ¨Itˇs about establishing a name and moving up from there. The market does not take kindly to companies which do not deliver and do not have a track record,〃 he adds.
New markets
On the Malaysian front, LCL Corp has partnered stalwarts IJM Corp Bhd in several jobs and recently made a foray into India riding on the back of the local construction giant. The Indian market seems set to boom and LCL Corp, riding on the back of IJM, could make some great headway into India.
Low says: ¨What a lot of people donˇt know is that we have worked with IJM for sometime now. I dare say that 70% to 80% of IJMˇs finishing work in Malaysia is handled by us.
¨But all along, it has been a main contractor and sub-contractor relationship. We were approached by IJM to work together in India. After visiting India and taking a look at the prospects, we agreed. We donˇt have very large jobs there, but we are doing enough to build the foundation for the future,〃 he says.
As for other markets, other than the Middle East and India, LCL Corp also made a maiden foray into Kazakhstan recently, and is bidding for about US$100mil worth of jobs.
¨Kazakhstan can be as big as Dubai or India someday. They have oil, which will last them for a quite a few years and this is important, as I believe that there will be quite a bit of spending there with the oil money. There will be large scale developments and we, of course, hope to benefit from it,〃 Low adds.
Just last week, LCL Corp set up a joint-venture company LCL Interiors (Doha) Contracting & Trading LLC in Doha, Qatar to emulate the success of its Dubai venture.
¨Although a large chunk of the development is in Dubai, it is the whole region that is growing. You have a lot of competition here, all of the emirates are competing and other neighbouring countries such as Qatar are also set to join in,〃 Low says during an interview in Dubai, explaining his company's latest move.
Good fundamentals
With LCL Corp likely to ink several new jobs, the companyˇs profits are also likely to get a shot in the arm. The company has already been showing better results. For the first three months ended March this year, it had raked in RM4.1mil in net profit on the back of RM50.1mil in sales, which is an improvement of 105% and 30% respectively from the corresponding quarter a year earlier.
As at end-March this year, LCL Corp had a net asset per share of about RM1.86, while its earnings per share had more than doubled to 10.2 sen per share.
In its notes which accompany its financial results, LCL Corp says that the better performance was a result of the companyˇs exploits abroad.
¨Margins here in Dubai are quite a bit higher. This year I forecast about 70% of our earnings will be from abroad, up from about 30% last year,〃 Low says.
In a research report, CIMB Investment Bank forecasts LCL Corp posting a net profit of RM26.9mil on the back of RM291.5mil in sales for the financial year ending December 2007.
The research house has an ¨outperform call〃 on the companyˇs stock and places a target price of RM8.90 on LCL Corp. CIMBˇs target price is pegged to a 9-time current year price earnings, which is in line with selected regional stocks involved in similar businesses and market capitalisation as LCL Corp.
One area of concern highlighted by some in the analystsˇ fraternity is the companyˇs high trade receivables. As at end-March this year, the companyˇs receivables, deposits and prepayments amounted to RM72.6mil.
Low says of this predicament: ¨Our receivables are high, but you must understand the industry and the way business is conducted. When a construction company starts work, it can start billing immediately.
¨In our case, we take a job, and we have to prepare a lot of the work upfront, buy the raw materials, order fabric and what not, and we have to use the working capital or borrowings. But we cannot claim before we put our products onto the site, so our receivables will be high ... Itˇs unavoidable. In our case it takes several months to get payment, so I have to recognise the profit and claim the amount as a receivable.〃 |
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发表于 17-7-2007 10:03 AM
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continue...
A shift to the main board
LCL Corp has proposed a shift to the main board of Bursa Malaysia, which is set to take effect later this month. The companyˇs proposal for a one-for-two bonus issue was approved by the shareholders recently. There is also a proposal for a private placement of about 10% of the company's shares as well, which would improve liquidity.
Recently NTAsian Discovery Master Fund, a company listed on the Irish Stock Exchange, acquired 5.8% in LCL Corp. This came on the back of Goldman Sachs exiting the company after buying about 5.5% in mid-June.
The company's other substantial shareholders other than NTAsian are Low who has about 34.3% equity and Mohd Akib Abdul Rashid with about 6.7% shareholding. There have been several funds looking at taking up equity in LCL Corp, but with only some 42 million shares in the market, and the company's prospects seemingly rosy, liquidity has been an issue.
Low says that a private placement of some 10% of the company's shares is being done now by CIMB, and should the need arise, he would be willing to divest part of his equity in the company to improve the performance and direction of LCL Corp.
from: http://www.biznewsdb.com/english ... bulan=07&kw=lcl |
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楼主 |
发表于 17-7-2007 01:37 PM
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发表于 17-7-2007 02:15 PM
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虽然还是不看好这类型的股,但相信这种“简单”的公司应该还会再度大起。祝有买的人好运! |
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发表于 17-7-2007 02:38 PM
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回复 #346 hmjj 的帖子
可以知道为什么你这么不看好这类型的股吗??有什么特别的理由吗??  |
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发表于 17-7-2007 02:48 PM
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发表于 17-7-2007 02:58 PM
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发表于 17-7-2007 04:21 PM
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隐忧:
1)没现金
2)拿到工程喊两声股价就起
3)lcl值多少钱就看他可以拿到多少project
4)老板野心真的有点大
5)公司大部分的资金都掉到外国了
6)导致公司现在陷入了财务危机
1)没现金
2007Q1 - RM5,695,000 - RM0.14每股
2006Q4 - RM6,426,000 - RM0.15每股
公司的Cash and cash equivalents是有点减少,不过公司积极扩张,所以现金有点减少是可以接受的吧。。
2)拿到工程喊两声股价就起
拿到工程是好消息,所以股价会起吧。。公司第一季的eps = 10.19,如果接下去的几个季度都有第一季的成绩,全年有eps = 40.76
根据今天的股价,PE = 8.2/0.4076 = 20.11 (是有点高了)
不过根据公司的报告,第一季的成绩只占全年的15%,那全年的eps = 67.93
根据今天的股价,PE = 8.2/0.6793 = 12.07 (还不是很高吧)
3)lcl值多少钱就看他可以拿到多少project
Current Order Book - Oversea (RM499.7M)
Current Order Book - Local (RM594.4M)
4)老板野心真的有点大
老板有野心是好的,不过也要看管理臣有没有本事了。。这个就要看接下来管理臣的成绩了。。
5)公司大部分的资金都掉到外国了
公司的重心放在中东国家,所以资金多数用在那了。。公司在中东开设了几间联营公司,所以资金不是被花费在不该的地方。。。
6)导致公司现在陷入了财务危机
公司的Current Ratio = 1.59, 从2006年的Current Ratio = 1.82,是减少了。。更多的工程以及积极的扩张相信是主因吧。。如果接下来的Liabilities继续增加的话就要小心了。。。就等等看管理臣有没有办法控制好公司吧,也当是给管理臣的考验。。。
如果有什么地方不对,或是大家有不同的看法也欢迎一起讨论。。  |
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发表于 17-7-2007 04:37 PM
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发表于 17-7-2007 05:31 PM
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回复 #351 hmjj 的帖子
这个就要看下季的成绩了。。。  |
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发表于 17-7-2007 08:01 PM
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General Announcement
Reference No OS-070717-61321 |
| Submitting Merchant Bank | : | OSK INVESTMENT BANK BERHAD | | Company Name | : | LCL CORPORATION BERHAD | | Stock Name | : | LCL | | Date Announced | : | 17/07/2007 |
|  |  | | Type | : | Announcement | | Subject | : | LCL CORPORATION BERHAD ("LCL" OR THE "COMPANY")
- PROPOSED BONUS ISSUE OF UP TO 22,072,700 NEW ORDINARY SHARES OF RM1.00 EACH ("BONUS SHARES") ON THE BASIS OF ONE (1) NEW ORDINARY SHARE OF RM1.00 EACH IN LCL ("LCL SHARE(S)" OR "SHARE(S)") FOR EVERY TWO (2) EXISTING LCL SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED ("PROPOSED BONUS ISSUE");
- PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED AND PAID-UP CAPITAL OF LCL FROM THE SECOND BOARD TO THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD ("PROPOSED TRANSFER"); AND
- PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL FROM RM50,000,000 COMPRISING 50,000,000 SHARES TO RM500,000,000 COMPRISING 500,000,000 SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL")
(COLLECTIVELY KNOWN AS THE "REVISED PROPOSALS") |
Contents :
We refer to our announcements dated 17 April 2007 and 8 June 2007 on the above-captioned. Pursuant thereto, on behalf of the Board of Directors of LCL, we are pleased to announce that the Bursa Malaysia Securities Berhad ("Bursa Securities") had vide its letter dated 17 July 2007 approved in-principle the transfer of LCL's entire enlarged issued and paid-up share capital (concurrently with the Proposed Bonus Issue) from the Second Board to the Main Board of Bursa Securities, under the "Trading Services" sector on a "Ready" basis pursuant to the Rules of Bursa Securities.
The Proposed Transfer will take place immediately two (2) clear market days after receipt of the following:- (a) confirmation of placement of a box advertisement of the Proposed Transfer in a widely circulated Bahasa Malaysia and English newspaper; (b) confirmation from the adviser that the Introductory Circular has been issued and despatched to the shareholders; (c) confirmation from the adviser that all conditions, including conditions imposed by the relevant authorities, which are required to be met prior to the Proposed Transfer have been met;
(d) confirmation from the adviser that there are no circumstances or facts which have the effect of preventing or prohibiting the Proposed Transfer including any order, injunction or any other directive issued by any court of law; and (e) a cheque drawn to the order of Bursa Securities for the initial listing fees together with a copy of the details of the computation of the amount of listing fees payable.
In relation to the Proposed Transfer, condition (b) above would be deemed fulfilled only upon Bursa Securities' receipt of fifteen (15) printed copies of the Introductory Circular and a soft copy in the PDF file format. This announcement is dated 17 July 2007. |
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发表于 17-7-2007 08:01 PM
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General Announcement
Reference No LC-070717-34214 |
| Company Name | : | LCL CORPORATION BERHAD | | Stock Name | : | LCL | | Date Announced | : | 17/07/2007 |
|  |  | | Type | : | Reply to query | | Reply to Bursa Malaysia's Query Letter - Reference ID | : | MM-070716-43780 | | Subject | : | ARTICLE ENTITLED "OASIS IN THE DESERT" |
Contents :
Reference is made to Bursa Malaysia Berhad's letter dated 16 July 2007 with regard to the above Article which appeared in the Star, Bizweek section, page BW12, Saturday 14 July 2007, which read as follows:-
"the company's managing director...estimates...that LCL Corp will secure as much as 15% of the jobs bid for, which could translate to at least RM395 mil in new contracts for the company."
"...LCL Corp and a partner inking a large job with Trump International Tower, providing fittings for a US$600 mil, 48 storey skyscraper hotel and residential development."
LCL Corporation Berhad wishes to clarify that the 15% success rate as stated in the above Article remains as an estimation as it was based on past records and therefore not confirmed. The value of RM395 million is yet to be determined as it is merely a calculation based on the estimated 15% success rate on the projects undergoing bidding process.
The associated company, LCL Interior LLC ("LCLI"), through the main contractor, has tendered for the interior fit-out works for the Palm Trump International Hotel and Tower project in Dubai ("the Palm Trump Project") but the results of the tender is still unknown as at todate. The Palm Trump project is a US$600 million development project comprising a 48 storey mixed-use condo-hotel and residence with a 300 room five-star hotel and 360 freehold residential apartments. This development is a luxury centerpiece building situated at the Palm Golden Mile in Dubai.
The Company will make relevant announcement as and when the results are confirmed.
Query Letter content :
We refer to the above article appearing in The Star, Bizweek section, page
BW12, Saturday, 14 July 2007, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-
"The company's managing director...estimates...that LCL Corp will secure as
much as 15% of the jobs bid for, which could translate to at least RM395mil in
new contracts for the company."
"...LCL Corp and a partner inking a large job with Trump International Tower,
providing fittings for a US$600mil, 48-storey skycraper hotel and residential
develoment."
In accordance with Bursa Securities' Corporate Disclosure Policy, you are
requested to furnish Bursa Securities with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentences after due and diligent enquiry with all the directors,
major shareholders and all such other persons reasonably familiar with the
matters about which the disclosure is to be made in this respect. In the event
you deny the above sentences or any other part of the above reported article,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above sentences or any other
part of the above reported article, you are required to set forth facts
sufficient to support the same.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
JOHAN ABDULLAH
Head
Listing Division, Group Regulations
TYE/MZM
c.c:- Encik Chung Tin Fah, Securities Commission (via fax) |
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发表于 17-7-2007 08:41 PM
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有个问题,我发觉每个Announcement(不止LCL)都在最后一分钟Announce。
对不对? |
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发表于 17-7-2007 08:43 PM
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发表于 17-7-2007 08:47 PM
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原帖由 弹煮 于 17-7-2007 08:43 PM 发表 
最后一分钟是何时?
你是指接近收市的时候吗?
对,正确来说是5点正。
除了那些要Suspend的,停牌的,涨停板的。。特别事故的。。 |
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发表于 19-7-2007 12:08 AM
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Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference No CU-070718-60095 |
| Company Name | : | LCL CORPORATION BERHAD | | Stock Name | : | LCL | | Date Announced | : | 18/07/2007 |
Information Compiled By Bursa Malaysia
| Name | : | Mohd Akib bin Abd Rashid | | Address | : | No. 22A, Jalan SL 10/3, Bandar Sg. Long, 43000 Kajang, Selangor | | Descriptions(Class & nominal value) | : | Ordinary Shares of RM1.00 each |
| Type of transaction | Date of change | No of securities | Price Transacted (RM) | | Disposed | 13/07/2007 | 400,000 |
| Circumstances by reason of which change has occurred | : | Disposed in the open market | | Nature of interest | : | Direct | | Consideration (if any) | : | |
| Total no of securities after change: | | Direct (units) | : | 1,947,000 | | Direct (%) | : | 4.6 | | Indirect/deemed interest (units) | : | | | Indirect/deemed interest (%) | : | | | Date of notice | : | 16/07/2007 |  |  |  | | Remarks | : |  |
[ 本帖最后由 scsiang82 于 19-7-2007 12:11 AM 编辑 ] |
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楼主 |
发表于 19-7-2007 07:12 AM
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果然马来人越卖越心疼了,接下来三个月就可以决定是心态还是开心了
从rm6就开始卖,结果越卖越升,现在就要等几个月才可以知道会起还是会跌了。。。。。 |
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发表于 19-7-2007 03:27 PM
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