Category: Money tips Release Date: 2006-06-02
According to today's investment "online analysts" on the domestic research institute with more than 70 brokerage firms and more than 1,800 analysts earnings forecast data for the statistics, the consolidated profit forecasts this week (2006) to increase the rate of the top 30 stocks in the industry Distribution of the relative dispersion: Metals & Mining has seven elected (steel stocks accounted for 5), ranked first, electricity, textiles and apparel, retail, each of two selected chemicals.
Huatai Securities analyst, said Ma Keming optimistic about this year's trend in steel prices: 1, even though market conditions have certain callback, but the market should be able to maintain a strong feature; two fourth-quarter seasonal decline may occur, but will not affect the industry-wide years of earnings, iron and steel industry will once again have a good harvest year. 3, the first quarter of this year, a considerable part of the Iron and Steel Company performance will appear 100% -300% explosive growth. Continued to be strong in the steel and steel company profits promising premise, it is recommended to grasp the overall listing of quality assets into the concept, has been an overall significant increase in performance of listed companies, M & A era has brought a win-win opportunity for three main categories of investment opportunities.
By CITIC Securities analyst David Chow considers it necessary from the industrial development, globalization, large-scale iron and steel, etc. to re-examine the intrinsic value of stocks. In the new round of growth and performance of revaluation, the major iron and steel stocks reached 15 times the price-earnings ratio is the valuation of China's steel companies international. Iron and steel industry continue to maintain strong investment grade in the big city.
Raised profit forecasts this week, 30 stocks, we choose Maanshan Iron and Steel shares (600,808 market, information, reviews, search), and your research Platinum (600,459 market, information, reviews, search) to give a brief Comment.
Maanshan Iron and Steel Stock: Two business-driven performance growth
Maanshan Iron and Steel shares (600,808 market, information, reviews, search) last year's consolidated earnings forecast six months ago from a 0.33 dollar rose to 0.37 yuan over the same period share price has risen more than 150%. As China's largest steel producer and distributor of one of the company is now the world's second largest domestic manufacturer of the first fire in the wheel, with 200,000 tons production capacity of railway wheels and tires. End of this year will be construction of a second train wheel production lines, annual production capacity of more than 900,000, when the company will become the world's largest and most advanced manufacturer of the train wheel.
Golden State Securities analyst Zhou Tao that the company's driving force lies in the unique wheel products and 5 million tons of sheet production. Unique wheel market, high barriers to entry. Last year, the company's main income of the wheel-related products accounted for 7%, while the main profit contribution rate as high as 25%. With the wheel this year, the increase in output will continue to increase the rate of profit contribution. 5 million tons of sheet items, in the provision of incremental capacity, while also greatly increased the proportion of plate. Company's 500 million tons of sheet projects will be put into operation in June of this year, when the estimated contribution to 220-230 million tonnes of hot-rolled to repeat material, Maanshan Iron and Steel in the past to construction steel-based product structure will be greatly changed.
Today, investment "online analysts" shows that in 2006, 2007 and 2008 consolidated earnings per share forecasts were 0.37 yuan, 0.43 yuan and 0.54 yuan, corresponding to dynamic price-earnings ratio for 15.0,12.9 and 10.3-fold. A total of seven analysts currently follow, we recommend a strong buy, buy, and wait and see who were 3,3,1. Comprehensive rating factor of 2.33 from 30 days ago 1.71,12 fell 6.43 yuan-month target price.
Risk reveal: the performance of the steel is more sensitive to separation of trading of convertible bonds due OK if the right to share interests will be diluted.
Platinum Research your industry: nickel ore is a bright spot in Yuanjiang
Your research Platinum (600,459 market, information, reviews, search) last year's consolidated earnings forecast six months ago from the 0.35 dollar sharply rose to 0.52 yuan over the same period share price has risen more than 120%. Company currently has two main businesses: Precious metals and nickel. Precious materials, relatively stable profitability, the company highlights and performance of the most prominent growth in the nickel mine.
In March 2005 the company purchased a controlling shareholder Yunnan Tin Company Yuanjiang nickel mine, and the share reform is injected into a listed company. Yuanjiang nickel ore was originally the private sector, infrastructure is relatively weak. Into the listed company primarily for the use of more advanced technology in your research research platform. Nickel mine production in 2006 tons in the 1200-1300 estimated 2007 output of 2,200 tons.
Yuanjiang where nickel ore mining area is 22 square kilometers, while the Yuanjiang Nickel mining company has the right area is 0.24 square kilometers. At present, the YTC company is applying for the rest of Yuanjiang nickel mine mining warrants. YTC's commitment to the application will follow-up timely and nickel ore mining rights to the fair market price of the transfer or into the listed company. It is understood that this year, surrounded by a nickel ore mining rights of the original maturity, YTC companies are preparing to declare the local government to obtain mining rights. Thus, nickel can be predicted that the amount of resources will continue to increase.
China Merchants Securities analyst Zhang Lei said the company as the world's three, China's largest precious metals processing businesses, more than 30% of the precious metal deep-processing products are used in national defense industry, the industry figured prominently. Due to strong demand for nickel from stainless steel, nickel, or will be this year's strongest performance in the basic metals, the company owned 98% of the Yuan Jiang Nickel has China's second largest nickel mining and smelting company expansion, nickel and electrolytic nickel concentrate production will be expanded to 5,000 tons, the business will become the largest company's future profit growth.
Today, investment "online analysts" display, the company consolidated earnings per share forecasts for 2006-2008 were 0.52 yuan, 1.48 yuan and 2.72 yuan, corresponding to dynamic price-earnings ratio for 42.9,15.1 and 8.2-fold. At present seven analysts tracking, we recommend a strong buy, buy, and wait and see who all is 3,3,1. Comprehensive rating factor of 1.86 from 30 days down to 1.71 before.
Risk reveals:'s output growth uncertainty and possible volatility in nickel prices.
