Category: Money tips Release Date: 2006-07-26
Source: Anhui Emerging Author: Yuan
Monday's Shanghai and Shenzhen to accelerate broad market gapped up to the trend of presentation, Hu Zhi more on the 2000 points to continued innovation and high-income yang shape upside presentation, short-term tape for further accelerate the upward trend, while the index stocks continued to move up the same time, also formed to start second-line blue chips upside momentum, short-term upside from stock give impetus to enlarge the stability of transactions, but also on short-term upside from stock index has good supporting role.
From the operation of short-term market perspective, the stock has a breakthrough in the formation of 5 acceleration Quotes Lian-yang, an indication of the rapid accumulation and long popular main intention of the pulled clear, but the differentiation characteristics of individual stocks on the market is relatively prominent, and Shanghai stock market in the close-yang emerged in attack, while still on 300 stocks rose more than 500 stocks only the differentiation pattern of decline, reflecting the flow of capital in the market has focused on character, indicators of funds chasing stocks to become the object. Accompanied by a continuous upside target stocks after Monday there are new changes in the market hot spots, a group of second-tier blue chip by market capitalization of interest, CIMC, the United States of electronics, Zhenhua Port Machinery such as a large number of second-line blue chips take a good, but also on the index since there is a greater contribution to the role. Technological point of view, the short-term broad market access to speed up the uplink phase, five even-yang reflect the market climate has begun to gradually do more excitement, the broader market has brought more speed in the short-term opportunities, market risk will be even greater. After the short-term stock up so that KDJ value, RSI and other indicators of the value of the formation of upside momentum indicator, it will continue to support the short-term stock upside, against the big breakthrough in the formation of sun, and close to the maximum closed form, but also illustrate how the market power to do more, still full, stock will be repeated the process of building a medium-term top of the upside. Hu Zhi left Monday gapped still be effective in covering the gap, but also reflect the broader market is technically entered the final stage of the acceleration of upside. Therefore, we believe that the short-term upside broader market is expected to continue, more opportunities for second-line blue-chip stock index will be accelerated after the formation of medium-term upside the head.
Operation, short-term investors can consider choosing a second-line blue chips have started to do short-term signs of this type of individual stock selection ideas: First, short-term adjustment of the full, and has steadied sign; second turnover a moderate amplification, to build upside shape, short-term increase in larger space; third, its growth is good potential for development of the industry. Here, we in China Microelectronics (600.36 thousand) Such a blue-chip high-growth stocks the investment potential for analysis:
China Microelectronics (600.36 thousand) for a class of electronic components in technology stocks, the industry has good growth prospects and current share capital of 125 million shares in circulation, the three quarterly earnings per share were 0.35 yuan. Fundamental point of view, the Unit also has the following investment highlights:
1, carrying the industry leading edge into the field of energy-saving lamps.
After years of development, the company has become the power transistor chip manufacturing and packaging of the leading enterprises, with the company's product structure adjustment and the realization of capacity expansion, combined with the rapid development of international subcontracting operations, the company has a new round of high growth power. Is selected the first 103 innovative enterprises, is also a change in the stock performance of high growth of its commitment to a small number of companies, pledged that if in 2006, 2007, the company's net profit in any one year over the previous year by less than 30% , large shareholders will get shares of a recovery. The company plans to build a new international advanced level 6 "semiconductor chip production lines and form a production capacity of 40000 per month, making my company's overall annual production capacity equivalent to 4" wafers per month 220,000 of the scale of the nation's largest power device production base. 2006 ~ 2008 the company will continue to develop a special power Schottky devices (such as the high-voltage Schottky devices), VDMOS power device, soft-fast recovery diodes, bipolar integrated circuits, BICMOS, and BCD integrated circuits, low forward voltage drop VDMOS and other products. In 2006 the global semiconductor industry has entered a co-temperature recovery stage, is expected to accelerate in 2009 has been in a growth period. The company has mastered the main Schottky and silicon technology, which Schottky products have already reached 10000 per month. 2007 Schottky and silicon will be the company's products the main aspects of technological upgrading. MOS Technology This technology will be a great opportunity for the company's future development. The energy-saving lamps and chassis power supply will be the main driver of market growth, energy-saving lamps are mainly the field of the sun to enter the sales areas of Zhejiang Province, the chassis power supply will be a next step target OEM market. 1-9 months the company realized main business income of 59,335.10 million, compared with growth of 33.50 percent over the same period last year, including: product sales to achieve 44,609.27 million, compared with growth of 32.15 percent over the same period the previous year; chip sales to achieve 5,256.94 million, more than a year ago increase of 6.31%; to achieve net profit of 8,330.27 million, increase of 19.78% over the same period the previous year. Annual expects 06,07 respectively, 0.5 and 0.75 yuan, PE, respectively 28 and 18 times the value of investments outstanding.
Second, with foreign co-operation, performance continued to grow rapidly.
Chinese microelectronics and Fairchild Semiconductor in 2004 signed a cooperation agreement: Fairchild Semiconductor will provide production equipment, raw materials and free technical support process, and in 5-year contract expires to give up ownership of the equipment at the same time bear all the relevant value-added tax and customs duties ; China Microelectronics will use the newly constructed facility associated with Semiconductor provides wafer processing for the fast service, and in accordance with order established by the market price paid a processing fee. Jilin is China Mai Jike Semiconductor Microelectronics (owned 98%) for the Fairchild Semiconductor materials processing, foundry initiated such a thing. The company will build three production lines: 4-inch production line capacity of 56000 per month, 5-inch production lines output of 15000 per month, construction of a 6-inch production line capacity of 20000 per month. At present, Fairchild has already begun under the orders of about 05000 per month. The company invested 56.81 million yuan joint venture with Dutch Philips Electronics, Philips Jilin Semiconductor Co., Ltd., accounting for 40% of the shares. Philips of the Netherlands through joint ventures, its production base in Europe to move to China, cutting costs, the implementation of bipolar products in China the world's production base of strategic objectives. Although the Jilin Philips is Philips of the Netherlands, and can only receive 15% of the Chinese microelectronics capacity gains, but the Chinese microelectronics Through this cooperation, not only access to investment income, more importantly, to learn from the semiconductor the company's advanced management capabilities.
Present Jilin Philips testing in production lines have been installed to form a monthly capacity of 24000, is expected to reach capacity in 2007, with monthly production capacity is expected to reach 50000. Chinese microelectronics and Fairchild Semiconductor, Philips Semiconductors co-operation to enable the company to use such means as expanding processing and foundry capacity into the international foundry industry, while adjusting the product structure, to achieve the transformation to high-end products, in order to the company's long-term development has laid a solid foundation to promote the company's rapid development. China has become the world's largest discrete devices market in 2005 has reached 64.38 billion yuan market scale is expected to sales volume and sales in the next five years, the average annual compound growth rate will reach respectively 14.5% and 19.3%. By 2010, China's discrete device market will reach 434.2 billion, sales will reach 155.8 billion yuan, which occupy the lion's share of the global market, has brought tremendous opportunities for the company's development.
Technical point of view, China Microelectronics (600.36 thousand) the recent adjustments in order to drop the main, the stock near the line repeated in six months be granted to support steadied the share price of more than 20% of the callback space, with the adjustment of the trend in place over the past two days began to moderate heavy volume to form upside shape, has a strong upside demand is expected to re-start a new short-term Shenglang.
Therefore, we believe that China Microelectronics (600.36 thousand) as a second-line blue-chip technology stocks, short-term adjustments are adequate, with a start indication, investors can focus on objects.
