2011年11月29日 星期二

giving the "buy" rating. Huitian adhesive Enterprise Co

129667648244677892_35Plus net (300,104) long full precision (300,115) Kang frequency converter (300,048) huitian adhesive Enterprise Co (300,041) plus net (300,104), the total share capital: 220 million shares in circulation equity: 85.46 million shares three quarterly earnings: $ 0.4 restricted shares listed (August 12, 2013): 122 million shares of company in the field of long video resources has formed a leading edge expanding content realisation through future directions. Content is divided into the flow to expand and paid-for program business development both; flow development relies mainly on potatoes and self-made content differentiation and building cooperative platform; pay TV business development relies mainly on regional development and terminal development. RecommendedReading hexun on the City Office: next week shares or are large variable disc five large gold unit are buy opportunity large consumption will burning draws passion 8 unit zhanchiyufei muddy water and min all: who black has who sets are can't wait large shareholders discovered food Lee 8 family a 12 years fuck disc hand of 8 section to deep investment feeling IPO Meng Yu Tiger 29 months "ring" go near trillion [micro-Bo] old Sha: pushInternational Board before doing a thing [shares] strong signal is not copied by the end of copyright distribution business stay ahead is a fool. Company's dominance in Internet copyright issue market already established cooperation with potatoes forming copyright Copyright purchasing strength of the purchasing companies contribute to the further expansion of the company. In the upper reaches of the bargaining, tax incentives, as well as penetration under the support of production, and many other advantages, Expected in the next three years in the area of distribution of copyright will maintain its leading position. Internet advertising: content made with potatoes, cooperation platforms, enormous potential for growth. To increase advertising revenue share, the company is a self-made attract user traffic, improve its own platform advertising inherent to put value; the second is imported and widening flow of potatoes to build a cooperation platform through revenueInto realization of flow at the end of liquidation. Pay-on-demand services: PC, and TV ends a two-pronged approach, future growth. Company policy, a regional outreach, both at home and China Unicom cooperative extension PC-side billing-on-demand cards, as well as into the overseas market; second, Terminal promotion, including cooperation and Hubei Unicom IPTV business. Future main business structure from the current copyright distributionHome dominance to the advertisements, paid-for distribution, copyright troika go hand in hand in transition, further optimization of the overall growth promotion.����2011 is expected diluted earnings per share of $ 0.61 per cent of the company, 1.09, 1.51, giving the recommended rating. Long full precision (300,115), the total share capital: 172 million shares in circulation equity:60.71 million shares of three quarterly performance: $ 0.7 limited shares listed (December 2012): 9 million shares of company's intention to NT $ 70 million ~9000 million capital increase and share transfer obtained Jie-Shun Tong 65% stakes. Jie-Shun Tong had 56 acres of land, more than 15,000 square metres of clean production workshop, and more than 1200 employees;Main products include shielding, the battery connector, SIM card connector, I/O card, camera, sockets, connectors and other, where the camera card Sockets, connectors, such as the company is not currently involved in field. Jie-Shun Tong's primary customer is the domestic companies like Lenovo, in addition, also provide OEM services to companies such as Molex and Acon. Jie-Shun Tong 2011Annual sales income is estimated to be over $ 130 million, is estimated to be over $ 10 million in net profit, net interest rates well below the company's current level.����With the company after the merger, the scale advantages bring about synergies are expected to improve the profitability of Jie-Shun Tong. We believe that this acquisition will expand the company's mobile phone connections for monthly production capacity to more than 120 million, while product extends videoSocket and the memory card connector and other fields, also enhance corporate supplier position in Lenovo and other domestic customers. Company relies on the mold design and processing of core competitiveness, expanding its product range, from connector and shielding gradually extended to the Rails, LED brackets, metal frame and small metal parts companies are constantly opening up new customer. The acquisition is completed, the company has $ 200 million for theSuper on raising funds not used, is expected to rely on other acquisitions accelerate the achievement of high growth.����We 2012-2013 to forecast results for the year, raised its price target to $ 45, maintain outperform rating. Kang frequency converter (300,048), the total share capital: 246 million shares in circulation equity: 77.93 million third-quarter earnings: $ 0.35 limitedUnit listing (November 30, 2011): 2.6 million shares of high voltage frequency converter industry market volume of about 100 billion yuan, at present penetration rates only 20%; 2010 market size of $ 4.9 billion, peak annual demand market will exceed $ 10 billion, future growth will remain in the 3-5 industry 20%~25%. At present the company product line from high pressureLow voltage inverter in frequency converter to expand to areas and into the explosion-proof frequency converter, the future may also do photovoltaic inverters and other related products; at the same time the company is committed to providing customers with total solutions, currently operating in the coal industry is better. Company capacity 120/month, limited capacity 150/month, in May next year Wuhan base went into production, the initial 40 units/month, 2012 can grow to 50 units/month, there is insufficient capacity limit the ability of single issues are effectively addressed.����At the same time capacity expansion for the company and also a significant purchasing scale advantage, the company general product gross profit margin above the zhiguang electric level (002169, unit) and Kyushu electric. As of the third quarter of 2011, the company has confirmed 3 synchronizing lifting machines, expectedFour-quarter will also confirm 1, synchronous hoist to hand the order will be delivered next year, revenue recognition significantly accelerates. At present the company is working on product identification, Synchro, after mass promotion, their orders and earnings growth are expected to exceeded expectations. Lateral expansion of low-voltage variable frequency as the company's new products, third-quarter gross margin level has been upgraded to 37.66%, this year is expected to achieve 30$ 0 ~4000 million sales.����We expect companies 2011-2013 year earnings per share of $ 0.60, $ 0.88 and 1.2 Yuan respectively, compound growth 41.75%, corresponding to its current price earnings ratio for the 32.7 times times, 22.2 times times and three times diablo 3 power leveling, giving the "buy" rating. Huitian adhesive Enterprise Co (300,041) Total shares: 105.5968 million shares in circulation equity: 49.644 million three quarterly results: $ 0.6648 restricted shares listed (January 08, 2013): 55.9528 million shares in the company is mainly engaged in organic silicone, polyurethane glue, anaerobic adhesive research and development, production and sales of engineered viscose. Our main productsFor cars, high-speed trains, solar panels diablo 3 power leveling, and other areas, the company is a national certified "first Chinese adhesives market product quality user satisfying brand". Huitian as domestic users are more and more areas, such as high quality domestic brands, local enterprises will gradually replace imported quality adhesives and achieve growth. Huitian adhesive industry will depend on continued long-term growth and development of new products, high-speed rail carriagesLaTeX for rubber, ship and new areas such as wind power blades gum gradually import substitution. Taking into account the company's leading position in engineering adhesives industry, strong research and development and sales ability, given the company a "buy" rating. (Ping an securities)

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