Category: Money tips Release Date: 2006-01-05
Source: Zhejiang, Li Jie
Wednesday broader market shocks rebound in financial stocks overall strength of the afternoon has gone through a number of trading days of consolidation after the package Yin Yang Xian Hu Zhi showing a strong offensive. Although the relative decrease in volume between the two cities, but the market continued hot-spot effect. In particular, the mainstream blue chips to stabilize the more pre-holiday Quotes to lay the foundation for better, for those still in the bottom of the blue-chip regional varieties, short-term focus on an outbreak of opportunity will appear. G Weifu (000,581) Good fundamentals formed a blue-chip features, the recent upward trend is expected to maintain a continuous.
Investment in one of the highlights: Auto faucet, monopoly advantages highlighted
Company is the nation's largest manufacturers of fuel injection systems, Bosch of Germany after the reorganization, Weifu DS's high-end mechanical pumps PS7100, and distribution of VE pump basically no adversary. Monopoly obvious advantages, the industry leading position solid. Weifu DS's PS7100 and VE pump in a dominant position in high-end market. And rely on Bosch, Weifu in 2008 after Hi-tech electronically controlled injection system, occupies a leading position in product competition. Bosch Diesel Systems is estimated that the domestic share of the future more than 60%. As Bosch is the world's dominant engine field, this collaboration actually make Weifu Hi-tech into the Bosch as part of global business and become its presence in Asia is another important manufacturing base, Bosch to open the Chinese market, while Weifu Hi-tech to be within the next few years, the development of key technologies, is expected to form a relatively monopolistic position.
Investment Highlights of the two: foreign cooperation, establishing the competitive position of
In cooperation with the German company Bosch, after promising long-term profitability, the company with the German company has long experience working Bosch Bosch Group is the world's largest auto parts supplier, the product coverage of gasoline systems, diesel systems, chassis systems, energy and body electronics, automotive multimedia and other fields. Especially in the diesel technology, the Bosch Group is a global leader. July 2004 Weifu Bosch negotiations with the Wuxi Hi-tech Europe and Asia based on the capital increase, restructuring, establishment of the new company Bosch Automotive Diesel Systems Co., Ltd.. Addition Weifu tech investors 140 million yuan and the group set up Wuxi Weifu Automotive Diesel Systems Co., Ltd., engaged in the above-mentioned two products, the company stake to 70%. Co-operation with Bosch, the company established a European â…?injection system in the monopolistic competitive position in China, Wuxi will be a Bosch electronically controlled fuel system the only production base, plans to reach annual output of 560,000 Taipower control VE pump production lines, 70 million units and electronically controlled high pressure common rail fuel injector, put into production the year after sales revenue will reach 100 billion yuan. Weifu is the exclusive enjoyment of Bosch diesel gas to satisfy Europe â…?standard mechanical diesel fuel injection technology, the company owned subsidiary of Weifu Lida Catalytic Converter Co., Ltd. is a leading industry for automobile exhaust purification of high-tech enterprise in China's auto Catalytic exhaust purifier's largest supplier. Currently, it has three million liters a catalyst, 50 million sets of motor vehicle exhaust catalytic converter of the annual production capacity to become China's automobile exhaust catalysts largest equipment suppliers and the Chinese environmental protection industry, high-tech automobile exhaust leader. Company will also set up a joint venture with the U.S. Autocam Wuxi Weifu Autocam Precision Machinery Co., Ltd., engaged in R & D, manufacturing precision auto parts, engine control systems, project total investment 15 million U.S. dollars. After the completion of the project will be to achieve EV6 automotive gasoline engine electronic control system, the localization of some key components, lower production costs, improve economic efficiency, become the company's major profit growth point.
Highlights of the three investments: shares of reform commitments and to accelerate growth
Company's management has promised reform in the stock company will be three years, total net profit is not less than 8.5 billion as a hard quantitative indicators; the same time, in order to form a high-tech Hemingway fu growth, companies are more to be achieved in 2008 net profit is not no more than 3.4 billion (ie 2008 results will not be less than 0.60 yuan / share) as a recovery sent shares of other hard targets. Flow of the company's shareholders can fully enjoy Weifu Hi-tech rapid development of the next three years the benefits. In particular the company's 2008 performance of the hard indicators: not less than 0.60 yuan / share the results of further clarification will be in 2007 after the company entered a rapid development of vision, when the return on investment will be considerable. The company's major shareholders will not be less than 10 RMB to sell company stock price; and the next three years, dividend payout ratio of not less than 50%. For its growth and dividend commitments, express management's confidence in the rapid development of Weifu. The heavy truck market, a significant pick up, a single month sales in March rose a chain-fold, allowing for the heavy truck matching PW2000 pump and PS7100 pump will benefit from the heavy truck industry, better, sales will be synchronized growth; of construction machinery in the first quarter of the strong resurgence of the major domestic diesel engine manufacturers in the first quarter of this year compared to last year's sales level of a substantial recovery in four quarters, as an important link in the supply system, Fuel Injection Equipment industry will also be with the recovery of end markets continue strong.
Investment Highlights of the four: stock undervalued, a strong rebound in
Industry market's strength to bring about the significant prospects for the company but also to the company's share price strength provides a solid foundation. In 2006 the company's future performance and a new starting point, the next few years will show a rapid growth performance of the company, which is also the company's share reform commitments to be confirmed. A strong boost in performance, we think that the future G Weifu reasonable valuation range of between 7.5 --- 9.0 yuan, while the current stock price still hovering at the bottom of the regional Jiuji investors with a unique investment opportunities. Unit technology in history, with the bottom surface of the main obvious signs of large-scale intervention, this round is far less than the broader market gains Quotes Unit, and the adjustment to the full, the recent ex, the stock price back to 4.82 yuan after pouring tenacious pull onwards, and formed a new round of upward trend, the amount can be continuously released, the main force pulled up plan has been started, it is recommended to focus on.
