Data:2009-12-12 2:34
Category: Money Tips Date: 2006-09-19
Guangzhou Kuo-kuang (002045 market, information, reviews, search) is the industry leader in electro-acoustic products are targeted at high-end electro-acoustic devices market, OEM and ODM business model for the main products produced by more than 90% for the exports, with major customers HARMAN, TOSHIBA, DAT, DELL and other internationally renowned companies and professional firms, customer first-class quality.
Electro-acoustic devices are audio-visual products, because of its closely related with people's daily lives, so the market demand for those who agreed to keep a stable growth. According to statistics, the global demand for electro-acoustic market, the average annual growth rate of 10%, the current market size has reached about 60 billion U.S. dollars. Currently, the company has reached the main ODM business accounted for more than 50% of income, not only improved the company's profitability, but also tempered the company's design, management and production and management capabilities. Not long ago, the company also announced a stock incentive program, the company's executives and key employees incentive to make the company's governance structure is more reasonable, and management capabilities have been greatly tempered and enhanced. In addition, the company's fund-raising projects have been basically completed, the product line has increased from the original 26 to 50 now about the size of production capacity has been increased competitive advantage and more consolidated.
Southwest Securities analyst Dou Hao-ming is expected, the company will achieve 06-08 year earnings per share 0.42 yuan, 0.63 yuan and 0.86 yuan. Electro-acoustic industry level should be a reasonable price-earnings ratio of 25 times, while the performance of the company the next two years growth in earnings levels should be higher than the industry average, we are given a reasonable valuation of the company within six months interval -19.19 to 17.66 yuan yuan , corresponding to 2007's price-earnings ratio of 28 times -30 times. Short-term "hold" rating.