Daily evening strength institution Reviews and advice on stock selection

Web Design And Seo For www.china-webdesign.com

Welding Wires Manufacturer - China Manufacturer

Thank you for inquiry my Welding Wires Manufacturer, TEL:0086-571-63725979, EMAIL:china@hzdayang.cn

http://www.hzdayang.com/

Hai Tong Securities: the solid tradition of Bo Innovation wide layout force ahead of others to expand overseas

Hai Tong Securities at this stage to achieve both a relatively high commission rate and market share in the industry, commission rates ring at the same time enhance the magn itude of the leading industries and other companies of the listing broker; from the history of the point of view, Haitong securities commission rate trend also shows that the more keen market sense and efficient tactical pace. Company layout straight vote earlier, and diversified operations to enter the direct investment market; to intervene earlier, accounting for the high-yield return opportunities and into the stable profitability of. Hai Tong Securities margin market share living in the industry. Refinancing after the opening of the margin trading business carried out by the market share impact of the various Securities Brokerage; but in the process of liberalization, as long as the financing barrier release brokerage capital is still an important factor to contain business development. Hai Tong Securities adequate capital, living in the forefront of the industry, to provide funding support for business development. The Company holds 100% stake in Haitong International, the subsidiary of the reporting period to achieve the net profit attributable to parent company $ 188 million. The company issuing H-shares, the company\\ s internationalization process in the industry forefront. Company\\ s traditional business is now new life to a solid revenue base line; new business ahead of others to enter the stable profit of ironing profit cycle; innovative business with the pilot advantages lead to new profit growth opportunity; Hong Kong subsidiary business to carry out robust H shares will be issued to promote the company international of. We are optimistic about the development of the company, given the \"overweight\" rating and target price of 12 yuan.

(CSC Wei Tao)

Aerospace Information: existing business growth robust assets into a clear direction

Controlling shareholder CASIC and injected with a complete vision for the integration of assets, efforts to push forward during the second five. Group hope t o build information technology, aerospace, defense and equipment manufacturing three major business segments, Air letter is the main platform for integration of information technology sections. We believe that a hospital\\ s aerospace satellite assets with existing assets there is a better integration of space, the combined will form a good layout in the relevant fields. The long term, the company also plans to increase the stock of 30-40 million during the second five epitaxial formation of multi-point support of sustainable development. However, the injection of the military class assets related to the department for approval, as well as the restructuring of institutions and many other factors, the size and point of injection of assets may be difficult to accurately predict. For future growth, stability and protection In addition, the replacement of the leadership will not impact the company\\ s operations and performance. This year, the company business development in goo d condition and expected that this good trend will continue until the year. Last year, the tax control system card volume to about 530,000 units, under the current situation throughout the year is expected to reach 570,000 units or 600,000 units, exceeding the previous market expectations. Non-tax business, continue to maintain the momentum of rapid growth, the formation of another strong support for the company\\ s growth. Without considering the profitability of assets into thickening, we expect 2011-2013 EPS is expected to reach 1.26 yuan, 1.52 yuan and 1.80 yuan. We believe that the company\\ s existing business growth and sound, while the asset injection is expected to provide a certain amount of imagination and help to improve the valuation. The recent share price following the broader market to be adjusted to provide the opportunity to intervene, therefore maintain a Buy rating, target price of 33.4 yuan.

(Everbright Securities weeks Lai Qian)

Lu tai A: orderly expansion of the company is still recommended rating

September 29, the company announced plans to invest over 500 million yuan to add 40 million meters of yarn-dyed items. Project plans to invest the amount of 504.7 million yuan, mainly the construction of yarn dyeing, sizing, weaving, network, warehouse, environmental protection, storage and transportation workshop of 106,000 square meters, purchase Ge winders, dyeing machines, warping machines, sizing 667 machines, weaving machines and other equipment, adding 40 million meters of high-grade yarn-dyed fabric capacity. Project funding of 140 million from the last issuance of marketing network construction project change. The project in two phases of production, the first phase of 20 million meters plan is put into operation in the second quarter of 2012, the second phase of 20 million meters plan is put into operation in the second quarter of 2013. The pr ojects are all put into an estimated annual sales income of 770 million yuan. The strong product advantage and management level to stabilize the negative impact of the tax rebate rate adjustment and appreciation. We believe that the company\\ s products a strong competitive advantage, management is also very practical, although since 2005, the appreciation rate of 26% export tax rebate rate has been fluctuating, the company has been able to maintain about 30% of the gross margin level, the basic shield the negative impact of the policy side. From so many years of historical performance, only the very serious financial crisis 2008Q4, 2009H1 revenue decline (profit in 2009 is still rising), the market should believe that the competitiveness and level of management of the company\\ s products. We expect to 2011/12/13 the main income for 60.6,68,75.5 billion, net profit, respectively, 10.7,11.9,13.1 billion, equity incentive diluted EPS of $ 0.97,1.11,1.23, the current stock pri ce corresponding PE10 ×. 3,9,8.2 times, maintain the company\\ s \"recommended\" rating.

(Marlee Galaxy Securities)

Han\\ s Laser: a clear business growth sustainable recommended

The company\\ s business structure and development of strategic clarity, 3 laser in the field of general processing equipment, as well as three industry-specific equipment; with the competitiveness of the world\\ s leading companies in the field of low power laser processing, high-power laser cutting equipment technological advances into the high growth period , PCB equipment business growth in revenue and gross margin to enhance the photovoltaic devices and LED devices is expected in 2-3 years to grow into the company\\ s focus on profitable business. The company\\ s business structure and cash flow products, celebrities, business and future reserve business with sustainable growth, the current valuation is relatively low, it is necessary to carry ou t the revaluation of the company. The company\\ s high-power laser equipment for two consecutive years is expected to grow over 75%, and have maintained a growth rate of more than 50 percent in the next few years, have a large domestic market space; the company\\ s low-power laser processing equipment with the world\\ s leading competitive Apple for the company\\ s procurement in the first half of 2011 to reduce the impact of low-power laser Welding Supplies income, but did not affect the company\\ s competitiveness, future growth will remain with the penetration rate of increase of the electronics industry, laser processing equipment. 11-13 years of EPS were 0.43 yuan, 0.59 yuan and 0.75 yuan; the next three years the business of the company\\ s growth and maturity of business to a different valuation, estimates the growth of business accounted for 44% gross profit 50.2% and 55%; a reasonable valuation of the company for between 11.45- 12.9 to maintain the \"recommended\" rating.

(Guoxin Securities Duan Ying Sheng)

Refinement technology: ingot furnace business growth target of 40 yuan

Ingot furnace in the first half of the 2.7 billion of orders in hand, 80% of the downstream customers leading firms in the domestic first-line, GCL accounted for more than 30 percent of the company\\ s orders, the company is now locking the leading customer, future high-speed growth to determine, the company will fully benefit from the silicon leading The rapid expansion of adequate follow-up growth momentum. September 2009, the company designs of the type JXP840 line profile spindle machine prototype trial is successful, now profile spindle machine has begun to small batch production, market, orders this year, an estimated tens of millions. In accordance with the bargaining power and ingot furnace profile spindle machine 6:1 matching calculation, a conservative estimate of next year \\ s ingot furnace shipments of up to about 100, corresponding income 3.5-4 billion (including tax) around. Company quasi-single crystal technology is a world-class, expected that the quasi-single crystal large-scale applications will greatly help companies ingot furnace sales. Company and Chaoyang cold hydrogenation technology, with sales channels, funding, and rapid completion of the PV of the upper reaches of the high-end equipment and polycrystalline silicon front-end industrial chain strategic layout development platform to expand its solar photovoltaic dedicated equipment. The company combines traditional ingot furnace manufacturers, and design characteristics of the ISP, on this basis, the company at the same time enhance the value-added ingot furnace, silicon vendors and downstream formed a close working relationship thus promoting the rapid growth of the company\\ s overall service capabilities to enhance and results of operations. Customized production brought abou t by higher gross margin, generally the more traditional 3% -4% points. The estimated 2011-2013 EPS were 1.42 yuan, 2.03 yuan and 2.42 yuan, to the closing price of 29.44 yuan on September 28, 2011, corresponding to the price-earnings ratio of 20.7 times, 14.6 times and 12.9 times, to give \"cautious recommendation\" ratings, the six month target price of 40 yuan.