Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-11-23
FAW Xiali (000927 market, information, advice, more) holding FAW Toyota is expected to become the leading domestic market share and profitability of the strongest body of a single automobile production. It is predicted that by 2010, FAW Toyota will reach 50 million units annual sales of 900 billion yuan sales income and 70 billion net profit, respectively, equivalent to its 2006 sales, income and profits 2.4 times, 2.8 times and 5.2-fold. To 2010, only consider the contribution of investment income FAW Toyota, FAW Xiali net profit compound annual growth rate will reach 52%.
Substantial costs due to drag into view and take a very conservative accounting policies, FAW Toyota, the true profitability of long-concealed. On a global scale, Toyota's profitability unmatched, with the input end of the period, FAW Toyota's profit margin levels will rapidly increase and will eventually exceed all of its competitors. This is partly to benefit from conservative accounting policies, on the other hand, FAW Toyota will also be a rare country that can sell a premium, one of the car, and that the cost can not be copied Toyota has always been its absolute control over the competition advantage.
Ping An Securities analyst expects Yao Hung-kwong, the company will achieve earnings per share of 06-08 years was 0.28 yuan, 0.43 yuan, 0.71 yuan, relative to the corporate sector properties, individual growth is to determine the valuation of the more important factor, Therefore, the company should enjoy the industry's highest level of valuation premium. For 30 times earnings per share in 2007 earnings, a 12-month target price of 12 yuan or more, raised ratings of "strongly recommended."