Rainbow shares 600 707 the end of the market outlook is expected to organize out of the break up s

Category: Money tips Release Date: 2006-08-05

Source: Kim Merrill Lynch Investment

Rainbow shares (600,707): The company is China's largest production base of color picture tubes, CPT is the world's fourth-largest TV manufacturer in the global market share of 7.4%, annual production of 11 million, the leading products in the a strong competitive edge at home and abroad. Rainbow shares invested 300 million yuan in recent years, the controlling shareholder of a joint venture established in Xianyang Rainbow digital display positioned at 32,34 and 36T of the large-screen flat-panel CPT production, annual production scale of 1 million or more, the product both in production costs, technical content and the production scale has reached the international advanced level of similar, making it the largest company's future profit growth. According to the State Administration of Radio-related development plan, starting in 2005 will be in the vast eastern region to vigorously promote the digital TV by 2010 to achieve universal access to a large scale. If the promotion of the implementation of the results are satisfactory, will push the industry to more than 25% annual growth rate. In the signal transmission from analog to digital transition period, the domestic market for digital color TV with 3000 million demand. Company's prospects can be expected. In the future course of development of digital television will be no small opportunity.

The loss in 2005 due to a substantial provision for this year, the company will move forward with ease, and the results have emerged turning point. Report of 2006 shows that during the first half of 2006, the company produced a total of 3.6019 million color picture tubes over a year increase of 29.21% over the same period, sales CPT 3.2784 million, representing an increase of 37.5% over the same period last year. The first half of the company were realized main business income of 97,256.65 million, main business profit of 7,752.70 million, net profit of 1.7918 million yuan. The success of the company to profitability in the first half of 2006. The first three quarters of 2006 earnings per share reached 0.07 yuan, an increase of 125%, showing excellent development momentum.
Net assets per share 3.32 yuan, while the current price is still around 3 yuan, the stock remains a serious below the assets, which continue to go in the market against the backdrop of cattle have been quite rare, while the performance of the company has dramatically improved, thus the value of a serious underestimate, there is a strong value to return request.
The secondary market, the stock had been carried out a large box finishing, in the round of the bull market or seriously lagging behind. During which repeated a big bang, the main funding obvious signs of bargain-hunting at the same time quite patient. Was elevated significantly in the near future at the bottom, average adhesion at the bottom, pull the bottom of the offensive Thursday in heavy volume Yang Xian, will break up a very strong market outlook is expected to end finishing, out of the break up quotes, can be great concern.

Historical Information: Rainbow shares (600,707): the market outlook is expected to be launched counter-May 4, 2006

Rainbow shares (600,707) Corporation, as China's largest production base of color picture tubes, but also the world's fifth-largest manufacturer of TV CPT, the global market share of 7.4%. Unit Net assets per share 3.26 yuan, while the price is only 2.7 yuan or so, the value is seriously undervalued, the market outlook for mergers and acquisitions by large shareholders, is expected to very strong. Recently the unit out of the inverted V-shaped trend, indicating that the main funds have started operations, the shares of stock have been activated, the market outlook is expected to be launched counter-offensive, we recommend investors to focus on