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Data:2009-12-12 2:34
Source: and News
Shares of carrying amount of upside transaction reasons:
Autumn and winter is the wine sales, and expects sales in the second half better than the first half. A broker forecasts 2006,2007 and 2008, the company's earnings per share will reach 0.97 yuan, 1.21 yuan and 1.52 yuan. In accordance with a reasonable 30 times earnings basis, the next two years, a reasonable price is 45 yuan.
Investment Highlights:
1. The next 3-5 years is the wine industry, the golden period of development, the company is a leading enterprise of China's wine industry, scale advantages and their own pricing ensures a high gross margin products.
2. The company has a leading network of sales and marketing model has initially formed a nationwide coverage of all prefecture-level cities above county-level cities and some developed regions of the three marketing network; in leading products in the high-end products to the transfer, hotels, or drink channel development, multi-input liquor kinds of development and market integration, etc., have achieved remarkable results, pairs of reversing the passive part of the weak market situation, complete the annual plan, laid a solid foundation.
3. The company among the top 10 global wine industry as the goal and actively promote the process of internationalization.
Risk Tip:
China's tariffs on wine continued to fall, an increasing number of imported wines, combined with major domestic competitors continue to increase the market development and input, resulting in the domestic wine market is fiercely competitive.
Investment advice:
China's wine industry is a well-deserved leading enterprise in the brand, product quality, market share and technology and have an obvious advantage. Suggested holding, the first goal-bit 37 yuan.
Related sections:
Wine Plate
