Category: Money tips Release Date: 2006-10-31
Source: Huatai Securities
Recent stocks in new high after the shock straight at a high level, investors in the current period of investing in stocks a delicate even more emphasis on the safety of the. Current blue-chip stocks in the market gradually recognized better performance of share prices. Recently iron and steel, shipbuilding, automobile and other plates in the performance of good investment value of outstanding shares have soared.
JAC Motors (600,418), the company has the largest scale, the light passenger vehicles chassis production base, in the passenger car market share of the chassis consecutive reelection as the industry's first decade, the company strong technical force, with superior cost-effective products, light cargo car has been gradually formed in the international market, a certain degree of popularity, the product export volume increased year by year, and for several consecutive years ranked among the exports of the domestic light truck, good fundamentals to create the company's excellent performance over the years, the first half of 2006 per share returns 0.31 yuan, while the share price is currently only 4 yuan more than the current stock price from the point of view, there is obvious value to be underestimated.
Rapid expansion of overseas market share.
As with South Korea's Hyundai Motor Co. and technological cooperation termination JAC (600,418) (quotes, information) to enter overseas markets will no longer be bound. At present, JAC sales in overseas markets accounted for only 3% of the company's total revenues. Has been South Korea's Hyundai Group, in cooperation with the JAC is limited to technical cooperation. However, in 2004, JAC's announcement that Hyundai has been reached with the initial intention of the parties originally agreed to expand technical cooperation to the capital and cooperation, according to 50% the proportion of 50% stake in a joint venture with a total investment tentatively scheduled for 783 million U.S. dollars. The two sides will start heavy-duty trucks for the products, through continuous introduction and development of new products and strive in 2010 to 10 million units production target. However, a year later, South Korea's Hyundai and Guangzhou Automobile Group has formally signed the "Guangzhou Hyundai Commercial Vehicle project basis for cooperation agreement." Although modern Jianghuai project is expected to scale is not small, but compared to the modern shot in Guangzhou is more generous, according to broad agreement with the modern steam, Guangzhou Auto Group and Hyundai Motor was established in Guangzhou, Huadu, a new commercial vehicle production base. The overall size of the project for an annual output of 200,000 commercial vehicles is expected to total investment of 1.24 billion U.S. dollars, of which an initial investment of 430 million U.S. dollars.
Analysts believe that the fundamental differences between modern and JAC is the use of the brand. JAC 2004 sales reached 13 million units, ranked No. 8, is the only one there is no joint-venture projects among the national top 10 automotive companies, JAC hope that its own brand, while the steam is widely held, "Zhiqiu lies not to do everything "attitude, the brand's requirements and not so strong, it more in line with the modern" appetite. " At that time, the introduction of modern technology from South Korea, when the agreement had JAC's exports has been constrained scope. Zuo Yan'an this, said that with modern technology co-operation with the termination of the contract, JAC access to overseas markets will no longer be constrained, the company will plan to expand in the overseas market share.
Enhance the competitiveness of their own brands.
MPV's product structure adjustment is deepening, light truck, the competitiveness of product markets more robust. The third quarter of 2006, the company's MPV products period of structural adjustment. The next few months, the company MPV will complete the product mix and price systems Reconstruction: Key match the 2.0L engine Refine launch new products and updating of product Refine â…?(expected to cost in the 15-18 million) to construct covering 8-20 10000 yuan range price system. Once this refactoring basically completed, will be the size of the company MPV sales have a significant positive role in promoting. Meanwhile, the increasing product quality and more sophisticated marketing network, under the dual support, the company's light truck products to further enhance the market competitiveness, higher light truck sales volume month by month (September 2006 million units sold the first time).
From the stock prices of view, the unit test a low from August 8 to a minimum 3.72 yuan after the rebound, the trend showing a significant increase in access, power agencies in the hypothetically significant accumulation. The Unit is currently in a row on the 3rd Su Liang heavy volume up again today after the shock, the market outlook is expected to speed up the rise, suggest that investors focus on.
