DOCSLIB.ORG

GTJA INTERNATIONAL Universe-20150529

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

GUOTAI JUNAN INTERNATIONAL Universe Weekly Update 国泰君安国际研究股票每周更新 29 May 2015 Code Company name Changes in the past week Earnings Est. chg? YOKU US YOUKU TUDOU Rating is downgraded from accumulate to neutral; 6 to 18 months target price is revised upwards from USD22.00 to USD26.00 Y 01109 HK CR LAND - R 6 to 18 months target price is revised upwards from 28.70 to 29.40 Y QIHU US QIHOO 360 6 to 18 months target price is revised downwards from USD96.00 to USD75.00 Y HMIN US HOME INNS & HOTEL Rating is downgraded from accumulate to neutral; 6 to 18 months target price is revised downwards from USD29.00 to USD28.50 Y 01186 HK CHINA RAIL CONS - H 6 to 18 months target price is revised upwards from 11.50 to 16.50 Y 00992 HK LENOVO GROUP - R 6 to 18 months target price is revised upwards from 13.80 to 14.70 Y 00005 HK HSBC HOLDINGS Rating is neutral; 6 to 18 months target price is 77.89 Y 00322 HK TINGYI Rating is downgraded from neutral to reduce; 6 to 18 months target price is revised downwards from 17.00 to 15.50 Y 02357 HK AVICHINA - H Initial coverage; Rating is accumulate; 6 to 18 months target price is 13.50 N 03800 HK GCL-POLY ENERGY Rating is downgraded from buy to reduce; 6 to 18 months target price is revised downwards from 2.80 to 1.80 Y 01138 HK CHINA SHIP DEV - H 6 to 18 months target price is revised upwards from 6.50 to 7.60 Y 00688 HK CHINA OVERSEAS - R Rating is upgraded from accumulate to buy; 6 to 18 months target price is revised upwards from 24.26 to 36.43 Y 01117 HK CHINA MODERN DAIRY Rating is downgraded from buy to neutral; 6 to 18 months target price is revised upwards from 3.00 to 3.30 Y Table of contents Page Sectors and related listcos Page 1 Automobiles & Components, Aviation, Banking, Cement and construction materials, Clean energy, Coal, Conglomerate, Consumer Page 2 Consumer, Electric equipment, Electricity, Environmental Protection, Gaming, Infrastructure, Page 3 Insurance, Internet, Machinery, Manufacturing, Nonferrous metals, Petrochemicals, Ports, Precious metals Page 4 Property, Shipping and logistics, Steel, Telecommunications equipment, Telecommunication services, Toll roads, Others Company Rating Definition The Benchmark: Hong Kong Hang Seng Index Time Horizon: 6 to 18 months Rating Relative Performance Buy Relative Performance >15%; or the fundamental outlook of the company or sector is favorable. Accumulate Relative Performance is 5% to 15% or the fundamental outlook of the company or sector is favorable. Neutral Relative Performance is -5% to 5% or the fundamental outlook of the company or sector is neutral. Reduce Relative Performance is -15% to -5% or the fundamental outlook of the company or sector is unfavorable. Sell Relative Performance <-15% or the fundamental outlook of the company or sector is unfavorable. 第 1 頁，共 6 頁 GUOTAI JUNAN INTERNATIONAL Universe Weekly Update 国泰君安国际研究股票每周更新 29 May 2015 6 to 18 Months EPS DPS NET PROFIT (Mn) NBV ROE (%) Date of Last Target Stock Code Company Name Rating Currency Analyst Update HK$ 13A 14F 15F 16F 17F 13A 14F 15F 16F 17F 13A 14F 15F 16F 17F 13A 14F 15F 16F 17F 13A 14F 15F 16F 17F (dd/mm/yyyy) Automobiles & Components 00175 GEELY AUTO Accumulate 4.50 RMB 0.304 0.163 0.283 0.360 0.483 0.046 0.025 0.042 0.054 0.073 2663 1431 2487 3171 4253 1.965 1.984 2.465 2.960 3.608 18.1 8.5 12.7 13.3 14.7 Harry Chen 20/03/2015 00489 DONGFENG GROUP - H Buy 18.50 RMB 1.222 1.491 1.615 1.824 1.983 0.180 0.200 0.217 0.245 0.266 10528 12845 13911 15713 17088 7.432 8.757 10.548 11.122 13.402 17.3 18.4 16.7 16.8 16.2 Harry Chen 09/04/2015 01211 BYD COMPANY - H Accumulate 60.00 RMB 0.235 0.181 0.974 0.778 0.050 0.036 0.195 0.156 553 438 2413 1926 10.559 12.411 14.533 15.726 2.3 1.6 7.2 5.1 Harry Chen 27/02/2015 03808 SINOTRUK - R Accumulate 6.50 RMB 0.098 0.148 0.254 0.302 0.350 0.040 0.060 0.063 0.075 0.087 271 408 701 834 966 7.538 7.671 8.103 8.938 9.617 1.3 1.9 3.2 3.5 3.8 Harry Chen 21/04/2015 01114 BRILLIANCE CHI - R Neutral 12.10 RMB 0.671 0.838 0.948 1.116 0.079 0.101 0.114 0.134 3374 4211 4762 5607 2.590 3.104 3.635 4.292 29.3 29.4 28.1 28.2 Harry Chen 21/08/2014 03663 XIEZHONG INTL Neutral 2.50 RMB 0.074 0.050 0.051 0.053 0.056 0.028 0.019 0.014 0.015 0.016 59 40 41 43 45 0.987 0.017 1.046 1.085 1.129 7.6 5.0 5.0 5.0 5.1 Harry Chen 20/05/2015 02333 GREAT WALL MOTOR - H Neutral 60.00 RMB 2.703 2.643 3.285 4.021 4.612 0.820 0.800 0.986 1.206 1.384 8224 8042 9996 12233 14032 9.202 11.017 12.205 16.005 17.652 33.2 26.1 28.3 28.5 27.4 Harry Chen 20/04/2015 Aviation 00670 CHINA EAST AIR - H Neutral 5.20 RMB 0.200 0.269 0.420 0.465 0.717 0.000 0.000 0.050 0.056 0.086 2373 3410 6298 6984 10763 2.319 2.578 2.761 3.263 4.037 8.8 11.4 17.4 16.2 20.1 Harry Chen 08/05/2015 00753 AIR CHINA - H Neutral 9.50 RMB 0.266 0.311 0.626 0.679 0.793 0.045 0.052 0.113 0.122 0.143 3264 3817 8195 8879 10372 4.398 4.517 5.241 5.999 6.846 6.1 7.1 13.1 12.5 12.8 Harry Chen 06/052015 01055 CHINA SOUTH AIR - H Neutral 7.80 RMB 0.202 0.181 0.562 0.657 0.744 0.040 0.040 0.112 0.131 0.149 1986 1777 5517 6447 7304 3.450 3.620 4.000 4.440 4.940 5.9 5.0 14.1 14.8 15.1 Harry Chen 04/05/2015 Banking 00939 CCB - H Accumulate 6.76 RMB 0.857 0.924 0.973 1.035 0.300 0.324 0.341 0.362 214192 231100 243374 258685 4.264 4.886 5.535 6.227 21.2 20.1 18.6 17.5 Richard Cao 16/09/2014 00998 CITIC BANK - H Accumulate 8.40 RMB 0.837 0.870 0.878 0.908 0.955 0.252 0.000 0.263 0.273 0.287 39175 40688 41063 42499 44697 4.822 5.550 6.165 6.800 7.469 18.5 16.8 15.0 14.0 13.4 Richard Cao 28/04/2015 01398 ICBC - H Accumulate 5.92 RMB 0.749 0.796 0.838 0.888 0.262 0.279 0.294 0.311 262649 279542 294468 312098 3.626 4.266 4.812 5.390 21.9 20.2 18.5 17.4 Richard Cao 15/09/2014 03328 BANK COMM - H Neutral 5.93 RMB 0.839 0.871 0.884 0.907 0.260 0.270 0.274 0.281 62295 64669 65629 67341 5.650 6.260 6.874 7.507 15.6 14.6 13.5 12.6 Richard Cao 21/10/2014 03968 CM BANK - H Accumulate 23.20 RMB 2.052 2.222 2.337 2.480 2.645 0.620 0.670 0.705 0.748 0.798 51743 55911 58803 62419 66569 10.526 12.466 16.469 18.585 20.894 22.2 19.3 16.1 14.1 13.4 Richard Cao 09/04/2015 03988 BANK OF CHINA - H Buy 6.20 RMB 0.560 0.607 0.611 0.626 0.647 0.196 0.190 0.191 0.196 0.202 156911 169595 170582 175011 180736 3.307 3.951 4.387 4.832 4.838 17.9 16.4 14.2 13.1 12.9 Richard Cao 11/05/2015 01988 MINSHENG BANK - H Accumulate 11.90 RMB 1.242 1.360 1.445 1.569 0.215 0.218 0.231 0.251 42278 46282 49190 53423 6.002 7.150 8.381 9.724 22.7 20.7 18.6 17.3 Richard Cao 14/01/2015 01288 ABC - H Accumulate 5.10 RMB 0.512 0.553 0.555 0.567 0.580 0.177 0.191 0.192 0.196 0.201 166315 179461 180235 184028 188466 2.596 3.175 3.529 3.904 4.288 20.9 19.2 16.6 15.2 14.2 Richard Cao 06/05/2015 00005 HSBC HOLDINGS Neutral 77.89 USD 0.838 0.688 0.690 0.713 0.742 0.480 0.490 0.449 0.464 0.482 16204 13688 14048 14492 15048 7.759 7.875 7.996 8.246 8.505 10.9 8.8 8.8 8.8 8.9 Richard Cao 27/05/2015 Cement and Construction Materials 00914 ANHUI CONCH - H Accumulate 34.50 RMB 1.772 2.072 2.412 2.488 2.579 0.350 0.650 0.756 0.780 0.809 9389 10981 12780 13185 13666 10.523 12.426 14.188 15.919 17.718 18.0 18.1 18.1 16.5 15.3 Angus Chan 26/03/2015 03323 CNBM - H Neutral 7.95 RMB 1.067 1.086 1.155 1.202 0.160 0.163 0.173 0.180 5762 5865 6234 6490 6.553 7.479 8.471 9.500 17.5 15.5 14.5 13.4 Angus Chan 30/10/2014 01313 CHINA RES CEMENT - R Accumulate 5.50 HKD 0.512 0.644 0.638 0.669 0.692 0.105 0.170 0.173 0.184 0.197 3338 4206 4169 4368 4520 3.805 4.314 4.779 5.263 5.758 14.5 15.9 14.0 13.3 12.6 Angus Chan 24/03/2015 02009 BBMG - H Neutral 7007.00 RMB 0.
Recommended publications
  • Comments on SZ-HK Connect: Another Milestone for MMA 深港通评论：互联互通的又一里程碑事件

    Comments on SZ-HK Connect: Another Milestone for MMA 深港通评论：互联互通的又一里程碑事件

    Research Department 17 August, 2016 Shirley Gu 古乔艺 Gary Ching 程嘉伟 Grace Liu 刘谷 (86755) 2397 6718 (852) 2509 2665 (852) 2509 7516 [email protected] [email protected] [email protected] Comments on SZ-HK Connect: Another Milestone for MMA 深港通评论：互联互通的又一里程碑事件 Regulators announced Shenzhen-Hong Kong Stock Connect (SZ-HK Connect) Scheme. Chinese Premier Li Keqiang announced that the Shenzhen-Hong Kong Stock Connect plan had been approved by the Chinese government on 16 August 2016. On the same day, China Securities Regulatory Commission (CSRC) and Hong Kong’s Securities and Futures Commission (SFC) made a joint statement regarding the establishment of mutual market access (MMA) between Shenzhen and Hong Kong. The existing aggregate quota under the SH-HK Connect has been removed with immediate effect. According to the joint statement, the official launch of SZ-HK Connect is expected to be in 4 months time. Further details are as follows: 监管部门宣布深港通。中国国务院总理李克强在 8 月 16 日宣布，《深港通实施方案》已或得国务院批准。同日，中国 证监会及香港证监会联合发表关于建立深圳和香港互联互通的公告。即日起沪港通总额度取消，根据联合公告，深港 通正式推出时间预期由即日起计约 4 个月。其他细节如下： Details Shenzhen Southbound - All Hang Seng Composite LargeCap Index and Hang Seng Composite MidCap Index constituents. Connect - Any Hang Seng Composite SmallCap Index constituents with a market capitalisation of HK$5 billion or above - All SEHK-listed A+H shares - Daily Northbound quota: RMB10.5 billion - The investment quota may be adjusted by the parties in light of actual operational performance Shenzhen Northbound - All SZSE Component Index and SZSE Small/MidCap
  • Novinky Asijského Filmu

    Novinky Asijského Filmu

    Přehled asijské kinematografie, sezóna 2016/17 v j. a v. Asii, Filmy a TV seriály Skryté perly roku 2016 If Cats Disappeared from World Cold War 2 Super Express I Belonged to You Crosscurrent Mirzya The New Year‘s Eve of Old Lee If Cats Disappeared from World Režie: Akira Nagai Minutáž: 103 minut Žánr: drama, fantasy, indie Hrají: Takeru Sató, Aoi Mijazaki, Gaku Hamada, Eidži Okuda, Mieko Harada, Eita Okuno a další http://asianwiki.com/If_Cats_Disappeared_From_the_World Film určitě není pro naprosté začátečníky s japonskou, nebo asijskou kinematografií, představte si, že Vám zbývá strašlivě málo života a ďábel Vám nabídne nějaký čas navíc. Jenže musíte obětovat věci, nebo lidi. Jak by vypadal svět bez koček, filmů? Meditativní film plný odkazů na japonské indie filmy a klasiky let 90.tých, nefalšovaný doják, který určitě není pro každého. Nad mnoha svými žánrovými souptníky má však film výhodu v tom, že působí autenticky a doslova dýchá svojí atmosférou a životem. Cold War II Režie: Sunny Luk, Longman Leung Minutáž: 110 minut Žánr: krimi, akční Hrají: Aaron Kwok, Tony Leung Ka-fai, Yun fat Chow, Aarif Rahman, Eddie Peng, Charlie Yeung, Janice Man a další https://www.csfd.cz/film/79116-hon-zin-2/komentare/ Kasovní trhák Cold War se dočkal Jediné co může zamrzet, je nevyužití postavy svého pokračování, Hong Kong dodal Charlie Yeung, která je zde spíše na okrasu a opět kvalitní kriminálku, která má nemá žádný prostor něco ukázat. Uvidíte velmi solidní herecké výkony hong kongské oproti prvnímu dílu solidnější scénář. elity a tchaj-wanské star Eddie Penga. Tvůrci Téma boje o moc v policejním vedení rozpumpovali peněženky diváků opět Pokračuje, tentokrát nečekaně ve solidně, takže v roce 2019 můžeme očekávat filmu urve velký prostor nová třetí díl.

  • Morning Research Focus Table of Contents 目录

    Research Department Morning Research Focus 23 November 2015 Table of Contents 目录 Weekly Overview and Trading Focus 上周回顾和本周交易提示 Industry and Company Focus 行业和公司焦点 Youku Tudou (YOKU US): 3Q15 Results in line 优酷土豆 (YOKU US): 3Q15 业绩基本符合预期 Latest Reports 最新报告摘要 EPS Est. Company Name Code Title TP Chg Rating Chg Change? 公司名称 代码 标题 目标价 变动 评级 变动 盈利预测 是否改变 Eyes on Overseas Opportunities, CMHI 00144 HK HK$35.00 ↓ Buy -- Y Maintain ‘Buy’ 招商局国际 00144 HK 关注海外机会，维持 “买入 ” HK$35.00 ↓ 买入 -- 是 JD.com Inc JD US 3Q15 Results in line, ‘Neutral’ US$30.00 -- Neutral -- Y 京东 JD US 3Q15 业绩符合预期，“中性” US$30.00 -- 中性 -- 是 Increasing Investment in Powerlong Real 01238 HK Commercial Properties, Upgrade HK$2.30 ↑ Buy ↑ Y Estate to “Buy” 逐步加大商业地产的投资，调高评级 宝龙地产 01238 HK HK$2.30 ↑ 买入 ↑ 是 至“买入” Appendices：Chinese Version of the Industry and Company Focus, Latest Reports. 后附：行业和公司焦点，最新报告摘要中文版。 HSI Performance HSCEI Performance 29,000 16,000 27,000 14,000 25,000 23,000 12,000 21,000 10,000 19,000 17,000 8,000 Nov/14 Feb/15 May/15 Aug/15 Nov/15 Nov/14 Feb/15 May/15 Aug /15 Nov/15 Source: Bloomberg Source: Bloomberg Research Focus See the last page for disclaimer Page 1 of 8 Weekly Overview and Trading Focus (Jason Song) 上周回顾和本周交易提示（宋然） Overview of last week 上周回顾 HK market rebounded last week, with HSI up 1.6% wow to 22,754 and HSCEI up 1.2% wow to 10,302. For the first ten months of the year, the year-on-year decrease of SOE’s profits expanded to 9.8%.
  • From the Past

    From the Past

    G reater B ay A rea Blast from the Past Snapshots of a China Gone Past Follow 城市漫步 Us on WeChat 粤港澳大 Now 湾区英文 版 9 月份 : 国内统一刊号CN 11-5234/GO China Intercontinental Press Advertising Hotline 400 633 8308 that's guangzhou SEPTEMBER 2020 that's shenzhen AD AD AD WWW.THATSMAGS.COM | SEPTEMBER 2020 | 1 《城市漫步》 粤港澳大湾区 英文月刊 主管单位 : 中华人民共和国国务院新闻办公室 Supervised by the State Council Information Office of the People’s Republic of China 主办单位 : 五洲传播出版社 地址 : 北京西城月坛北街 26 号恒华国际商务中心南楼 11 层文化交流中心 11th Floor South Building, Henghua lnternational Business Center, 26 Yuetan North Street, Xicheng District, Beijing http://www.cicc.org.cn 社长 President: 董青 Dong Qing 期刊部负责人 Supervisor of Magazine Department: 付平 Fu Ping 编辑 Editor: 朱莉莉 Zhu Lili 发行 Circulation: 李若琳 Li Ruolin Editor-in-Chief Ryan Gandolfo 甘德发 Arts and Lifestyle Editor Phoebe Kut 吉蓁蓁 Contributors Rakini Bergundy, Matthew Bossons, Joshua Cawthorpe, Bruce Connolly, Larold Davidson, Dale Dolson, Tom Glover, Lindsey Fine, Doris Kee, Dr. Stephen Misch JY INTERNATIONAL CULTURAL COMMUNICATION Guangzhou 广州均盈国际文化传播有限公司 广州市麓苑路 42 号大院 2 号楼 610 室 邮政编码 : 510095 Rm 610, No. 2 Building, Area 42, Luyuan Lu, Guangzhou. Post Code: 510095 电话 : 020-8358 6125 传真 : 020-8357 3859 - 816 Shanghai 上海广告代理 电话 ：021-6541 6111 Shenzhen 深圳广告代理 电话 : 0755-3665 4903 Beijing 北京广告代理 电话 : 010-8639 4209 General Manager Henry Zeng 曾庆庆 National Editorial Director Ned Kelly Operations Manager Rachel Tong 童日红 Finance Assistant Sunnie Lü 吕敏瑜 Senior Designer Felix Chen 陈引全 Sales Managers Tina Zhou 周杨， Emma Cao 曹艺凡 National Sales Projects Supervisor Wesley Zhang 张炜 Sales and Advertising Linda Chen 陈璟琳 , Celia Chen 陈琳 , Betty Wang 王斌然 , Rason Wu 伍瑞鑫， Kathy Chen 陈燕筠，Alice Zeng 曾爱淳，Vince Jiao 焦东东，Anita Wang 王靓安 Marketing Supervisor Peggy Ni 倪佩琪 Marketing Executive Wyle Yuan 袁咏妍 General enquiries and switchboard (020) 8358 6125 / [email protected] Editorial (020) 8358 9847 ext 808 / [email protected] Sales (Guangzhou) (020) 8358 9847 ext 802 / [email protected] Distribution/Subscription (020) 8358 7749 ext 828 Listings & Events (Guangzhou) (020) 8358 9847 ext 808.