Data:2009-12-12 2:34
Category: Money tips Release Date: 2007-07-09
Era and a new wood (600,458 market, information, reviews, search) the existing main business elastic components, engineering plastics such as the next few years will be maintained more than 20% average annual growth rate. To benefit from high-speed railway construction, the company high-speed railway bridge bearing business showed rapid and sustained growth in the next five years, the business model from the current "street business" to upgrade the main "road under the business" oriented.
Ministry of Railways planning, "Eleventh Five-Year" period of China's railway infrastructure investment will reach 1.25 trillion, is "15" four times during the period. The 2007 investment 256 billion yuan, growing 64.84% year on year in 2006, formally opened the "Eleventh Five-year" high-speed railway construction in the prelude to the climax. "Eleventh Five-Year Plan" the building of 9800's passenger lines, of which over 75% of the roads need to bridge support ,07-10 years of a four-year orders will be larger than 12.0 billion, the company will receive 20-30% of the market share, total 24-36 billion, the company conservatively estimated annual average of 07-10 years of stand alone high-speed rail project orders on more than 600 million yuan. Road, will replace the road the next business operations as a business focus, the company is expected to become the great development of high-speed railway to benefit the worst of the A-share companies.
Shenyin 07-09 analyst Ren Yunhe, the company expects earnings per share were 0.31,0.52,0.76 yuan. In view of high-speed railway construction to give a good 5-10 years the company's future growth, given the company 08,09 years, 40,30 times a more reasonable price-earnings ratio, corresponding to a reasonable valuation of 21.2-22.8 million. To give a "buy" rating.
