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Data:2009-12-12 2:34
Source: and News
A rapid rise in early trading transaction reasons:
A broker analysis, in the second half of 2006 the average price of steel will be higher than in the first half, primarily the company's 2006 third quarter and fourth quarter of the average prices of steel than in the second quarter of 2006 were higher than 7% and 2.5%. Expects full-year results will be higher than expected. To achieve full-year earnings per share are expected to be 0.606 yuan. The company's current valuation there is a certain degree of underestimation.
Investment Highlights:
1, the company is a leading enterprise in China's steel industry has been the world's largest steel companies crowd in the list, with the core technology and strong market competitiveness. The current structure of the leading products have more beneficial to the company's long-term development, Baosteel cause a high technological content and value-added products is relatively high, vice, while the market has a strong pricing power.
2, the company uses the world's most advanced production technology Plate special wide plate mill modernization of the heat load test of a successful and smooth rolling out the first piece of steel. Engineering design capacity of 1.4 million tons to meet domestic market for large-diameter oil and gas pipeline board, high-strength ship plate, high strength welded plates and boiler and pressure vessel plate and so on demand.
3, with the Continuous Annealing Unit, 1, hot-dip galvanizing, hot-dip galvanizing line No. 2 successive heat debugging success, 1800 cold-rolled strip steel works are completed and put into operation. Project to adopt the world advanced production techniques, technology and equipment, mainly produces high-quality cold-rolled steel sheets for automobiles, the design capacity of 1.9 million tons to meet domestic demand for high-grade automobile production.
Risk Tip:
Iron ore prices increased dramatically and downstream industry, the pressure of the steel, coal, ferroalloys and other raw materials, fuel prices have increased to some extent, the company increased cost pressures.
Investment advice:
Company is a leading enterprise in China's steel industry has been the world's largest steel companies crowd in the list, with the core technology and strong market competitiveness. Iron and steel, one of blue-chip stocks. To recommend appropriate attention, the first target bit 6 yuan.
Related sections:
Steel Plate
Historical Information: G Baosteel (600019): hold the fate of the C of E August 6, 2006
Source: Donghai Securities Author: Wang Xingjun
The company the largest supplier of automotive steel, the company in 2005 cold-rolled steel sheets for automobiles sold 1.726 million tons, the domestic market share in 2004 from 47.3% to 51.6%, special steel exports by leaps and bounds, in 2005 5? December completed a total of exit 7 million tons, 120% of planned, steady supply of steel sheets for automobiles, Tianjin Toyota, Nissan, Guangzhou, Shanghai Volkswagen, Shanghai GM, FAW Volkswagen, Dongfeng Peugeot Citroen Fukang, Chang'an Suzuki and Southeast automobile automobile plant, and exported to the United States GM and Ford of Europe and other well-known overseas manufacturers.