Category: Money tips Release Date: 2006-04-20
Source: Wei-depth Securities Author: Zhao Sheng-owned
Today, Shanghai and Shenzhen in the morning hit a new high, but the afternoon Index recorded a fall in home loans to borrowers on a higher degree of activity. Disk is more eye-catching plate for the medical section, and we recently on the market to determine hot spots in line. Stock market's rise also active degree of enhanced, so that the operation of individual stocks there are many opportunities in select stocks we recommend investors focus Fukuda 600,166 cars, from the recent trend of view, the Unit has re-erupted again hit a new high upward opportunities.
Sales growth performance turning point
Is a leading enterprise in the domestic automobile, truck full range of products production and sales ranked first in the country, including light trucks, the company ranked first in the country for six consecutive years, ranking the country fourth in the heavy truck. According to the company in the first half report, sales growth, the company vehicle sales rose 7.8%. Among them, light truck sales reelection industry first, the heavy truck sales increased by about 40%. In August, Fukuda car production and sales of commercial vehicles 1.8 million declared a breakthrough. As well as a few days ago with Iran ZAMYAD Company entered into KD (assembly of imported parts manufacturing) project, the first export of 5,000 pick-up agreement, reflecting the company's sales continued to grow. From the industry perspective, this momentum will continue. The one hand, the recovery of the national heavy truck industry, China's heavy truck industry downturn should have been in the past, demand for heavy trucks from the two quarter of 2006 is beginning to recover; the other hand, Foton Motor has occupied 20.7% of the domestic commercial vehicle market, market share, full range of large scale, with the rapid development of China's logistics industry, will give commercial vehicle market to create a broad space for development, Fukuda cars will increase the logistics market development efforts. Sales growth is expected to bring to the performance of the company turning point, worthy of attention.
Joint venture project delays, but still worth looking forward to
As the impact of the approval process by the government, Beijing Foton Cummins joint venture with the project will be delayed, however, this joint venture project is still being carried out smoothly. March 6 this year, the United States Cummins companies to disclose, and Foton signed an agreement on a joint venture of light diesel engine manufacturing enterprises of the feasibility study report. According to the feasibility study report, Cummins, and Fukuda will be proportional to the 50:50 joint venture, producing a new generation of light duty Cummins diesel engine is expected to set up joint venture in 2006, officially put into operation in 2008. This is a Cummins engine that produced the world's giant in China's largest ever investment. According to the agreement signed by both parties at that time showed that the total investment of 1.946 billion yuan, the registered capital of 1.019 billion yuan, three years, funds are available. As a joint venture with Cummins 2.8L and 3.76L engine is exclusively produced by the company in the country, and the products are mainly for foreign markets, their profit margins may be higher, long-term prospects for the development of good, Fukuda is expected to become an important vehicle in the future profits of growth. Thus, although the project delayed, but still worthy of our expectations.
Military concept to replace the foreign brands
In November 2005 the company won the bid to take over 216 military vehicles orders, March 21, 2006, the company vehicles to deliver the first ceremony Auman Auman heavy truck plant was held to the People's Liberation Army General Armament Department of Travel Bureau of the delivery of military representatives the first batch of vehicles. This grant Auman product in strict accordance with military requirements in order to produce zero-defect standards, ensuring each car is fine, in general, has trained Auman heavy duty truck plant in military awareness and quality consciousness, while the The winning time for this company will also open space for development in this field. In addition, the "Shenzhou VI" launch, Foton Motor to replace the previously used internationally renowned brands, assume the base transport and the important task of pulling the spacecraft into space in recent years, China's high-end equipment used in transportation for the first time domestic brands, At the same time Foton Motor has selected the Jiuquan Satellite Launch Base specified in the spacecraft and satellite transport vehicles for China's aerospace defense industry has made a certain contribution to the cause.
As the company's share price is absolutely low prices, the economy faced by the industry turning point, new investment projects and joint international capital, as well as two funds involved in the stock market obviously, there is renewed once again hit a new high up the opportunity, we recommend investors to future to speak of in the short-term focus.
