Category: Money tips Release Date: 2007-03-13
Two days a daily limit Paper Announcement
Jingwei Textile Machinery (000,666 market, information, advice, more) announcement yesterday, said the company's largest shareholder, China Textile Machinery Co., Ltd. with its 204 million shares the company holds shares, pledge to China Hengtian Group, as the company's 1.494 billion yuan pledge guarantee. Pledge of shares of the company's total share capital of 33.83%, agreed two-year pledge period.
Yesterday, Jingwei Textile Machinery to close at 5.24 yuan, a two-day consecutive daily limit. Jingwei Textile Machinery relevant personnel said the security pledge is a major shareholder in behavior, the company stock transaction performance and not related to the pledge.
CITIC Securities analysis, Jingwei Textile Machinery in China's largest textile machinery manufacturing enterprises, but also the world's textile products are the most complete sets of equipment companies. R & D center in Beijing with the future of textile machinery market will be further concentrated to such large-scale enterprises.
Jingwei Textile Machinery industry, steady growth may intervene in
In recent years, the domestic textile machinery market, steady growth, due to rising labor costs and higher prices of textile quotas is expected to upgrade the speed of China's textile products will be accelerated so as to drive increased demand for textile machinery update expected demand growth of domestic textile machinery the next three years is 10 ~ 15%.
Meanwhile, the international market entry period of rapid growth and stimulate domestic textile machinery exports.
In addition, due to cost advantages, textile machinery exports to Asia and other developing countries, rapid growth is expected after 2007, exports of textile machinery for the production of growth is more than 5%.
In addition, the tax policy changes also increased the domestic textile machinery manufacturing enterprises profits, the state is prepared to cancel part of the textile machinery spare parts tariffs and import value-added tax, while he may cancel the existing tariff-free imports of advanced textile machinery policy, these measures will be significantly improve the company's gross margins.
Taking all these factors are expected to Jingwei Textile Machinery from 2006 to 2008 earnings per share were 0.28 yuan, 0.35 yuan and 0.44 yuan, average annual growth rate of 30% in 2007 price-earnings ratio of 12.9 times. Click here to valuation, Jingwei Textile Machinery 6-month target price of 8 yuan, it is recommended to buy.
