Category: Money tips Release Date: 2006-08-25
Arc-suppression coil yield market was ranked first. Arc-suppression coil company has already achieved the industry first, the market share of about 40%, while the new entrants into the high-voltage switches and power transformers is also advancing rapidly, isolating switch has become the industry sales of the fourth. Chinese version of the depth of the report has been published.
Rapid growth and stable. In the past few years, Siyuan Electric has achieved impressive growth ,02-05 year earnings compound annual growth rate of 58%, and the annual growth rate of fairly stable, with similar electrical equipment listed companies compared to far ahead to become the industry's growth champions .
To develop market segments. Company's market positioning of each sub-products is very clear, that rely on the company's strong technology and R & D and brand advantages, take the high road, and constantly develop new markets for their products.
A potential market leader. Companies to enter the market are relatively intense competition in the market, but these markets often lack strength with a leading leading enterprises, which the company relying on its own technology, R & D and brand strengths to achieve greater market share provides an excellent condition. We believe that the new entry in its field have great potential to become industry leader.
Structural advantages. Siyuan Electric from the early days of the private enterprise system to have a good advantage, but it is precisely because such a system, the company regardless of cost control, technical research and development, development strategy, mergers and acquisitions, everything can be one step ahead.
Valuation. Taking into account the company's rapid growth in the next 3-5 years, compared to the same type of companies, we believe that the company's shares are still undervalued. Accordance with the 2008 valuation of 20 times earnings, plus balanced high-Electric stake in the company value, stock target price of 57.80 yuan for the first time rating of better than big city.
