State Securities to maintain the strong recommendation of the world’s strongest rating

State Securities: maintain strongly recommended rating nexteer hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Investment highlights: the strong growth in profits, the gross profit margin steadily: the first half of 2016 the company recorded operating income of $1 billion 924 million, an increase of 17.1%; among them, turning the proportion of total revenue reached 83.4% to 1 billion 606 million yuan, an increase of 18.5%; power transmission products accounted for 16.6% of total revenue to $318 million, an increase of 10.9%. Thanks to the cost control and enhance the proportion of EPC period, gross margin rose 1.9 percentage points to 17.4%, recorded a net profit attributable to equity holders of $149 million, an increase of 54.2%; the first half of 2016 EPS of $0.06, no dividend period. Each segment of the market has grown steadily, the Chinese market is particularly prominent: sub regional perspective, the company still maintained a good growth in the North American market, recorded an income of $1 billion 260 million, an increase of 15.1%. Europe and South America, although there are $4 million in foreign exchange losses, there is still an increase of $229 million to $19.2%. The Asia Pacific region grew 22.39% to $432 million; among them, the company continued to benefit from the expansion in the Chinese automobile market, and China strong sports utility vehicle (SUV) rapid growth portfolio, revenue grew 24.96% to $412 million; the supply system of the company has successfully entered the main domestic car brands, such as SAIC GM Wuling mark, Buick, Volkswagen, SAIC GM, nissan. In the future, the company has entered into the supplier system for more products, but also will continue to strive for more new supplier system, and continuously expand the Chinese market. Has signed a $24 billion backlog, guarantee the performance of rapid growth: the company currently has a sufficient amount of the reservation service, all contract (including not yet delivered products) orders for a total value of approximately $24 billion, the product cycle is about 4-7 years, is expected in the market is still in demand with continued growth, the Future Ltd can keep good growth performance. Maintain strongly recommended rating, target price of HK $12.28 in first half results better than expected, we increase the original forecast, the company expects 2016-2018 EPS were 0.113, 0.136 and 0.153 dollars (increase rate were 13%, 11% and 8.5%), target price of HK $12.28, compared with the price increase of 23.8%相关的主题文章: