Data:2009-12-12 2:34
Category: Money Tips Date: 2006-06-27
Bank of China that the JAC should be optimistic, and Yutong Bus BOC International analyst ERIC HU (CFA) in a recent research report that in January 2006 China's passenger car sales reached 418,942, the annual increase 73%, manufacturers, auto stocks declined, commercial vehicles sales growth slow, heavy-duty Truck sales fell 58%, in 2005 the total profits of the domestic auto industry fell 24 percent to 52.6 billion,
In view of the strong sales growth is expected in 2006 passenger cars will increase profitability, it is estimated 2006 passenger car sales will grow by 20%. 2006 price war may not be intense in 2005.
The analyst said that, G JAC in 2005 net profit rose 55 percent to reach 400 million 9 1000 8 million; net sales rose 16 percent to reach 9.1 billion 6 1000 7 million. The analysts believe that this good result was mainly due to multi-purpose vehicle sales and after-sales service network in early 2005 have largely been completed, resulting in cost of sales declined. The analysts believe that, G JAC's current valuation is very attractive to the market a little bit worried about its new issue too far.
G Yutong report its 2005 fourth-quarter earnings to reach 71 million yuan, the annual increase 35%, quarter increased 50%, therefore, G Yutong 2005 profit rose 29 percent to reach 100 million 8 1000 6 million yuan, Bank of China International 100 million 8 million yuan in unexpectedly high 3%. 2005 4-quarter G Yutong medium and large passenger cars sales rose 17% to 5280, while high-end passenger car sales rose 38% to 4344.
The analyst will provide these two stocks, "stronger than the market" rating. (Securities Tong)
