Debon Securities: Li Xiangfeng 2010-05-24 Rating category Buy EPS forecast 2010 2011 2012 growth 10-11 years 11-12 rating change for the first time 32.77% 37.34% Reporting date yesterday closing price: 47.65 Target price: 52 Upside: 9.13% Value rating Target price is 52 yuan / share, buy (first rating) Investment points:
The downstream demand of the adhesive industry in which the company is located has grown rapidly. Downstream cars are growing steadily, wind energy,
Solar energy, LED packaging and high-speed rail construction have maintained double-digit growth, and the market space is huge. The high-end adhesive manufacturers in the adhesives are oligopolistic. The main competitors are Henkel and Dow Corning, and the competition is relatively mild. At present, the demand for organic silica gel for solar energy in the company exceeds expectations, and the order for high-iron polyurethane rubber is 1,500 tons.
The company has strong advantages in front-end R&D and back-end marketing. The company's business nature has the typical characteristics of “two big, medium smallâ€. The front-end of R&D and product marketing of adhesive formulation plays an important role. The intermediate production process is relatively simple. The company has a very strong foundation at both ends. It is used to build the expansion of Shanghai R&D center and marketing network, laying a leading position in the country and occupying the share of foreign-funded enterprises. The intermediate production chain company is currently at full capacity, the plant construction and machine installation are relatively simple, and the investment project is not put into production on time.
Company management development strategy view details
The downstream demand of the adhesive industry in which the company is located has grown rapidly. Downstream cars are growing steadily, wind energy,
Solar energy, LED packaging and high-speed rail construction have maintained double-digit growth, and the market space is huge. The high-end adhesive manufacturers in the adhesives are oligopolistic. The main competitors are Henkel and Dow Corning, and the competition is relatively mild. At present, the demand for organic silica gel for solar energy in the company exceeds expectations, and the order for high-iron polyurethane rubber is 1,500 tons.
The company has strong advantages in front-end R&D and back-end marketing. The company's business nature has the typical characteristics of “two big, medium smallâ€. The front-end of R&D and product marketing of adhesive formulation plays an important role. The intermediate production process is relatively simple. The company has a very strong foundation at both ends. It is used to build the expansion of Shanghai R&D center and marketing network, laying a leading position in the country and occupying the share of foreign-funded enterprises. The intermediate production chain company is currently at full capacity, the plant construction and machine installation are relatively simple, and the investment project is not put into production on time.
Company management development strategy view details
BURGLARY SAFES
Trusted protection customers` valuables from abnormal entrance to safes in certain conditions such as robberies, personal attacks and so on .
Details:
Our burglary safes are anti-drilling, anti-burglary and anti-force;
Dual-system protection is contained in our safes;
The safes are side door safes with an independently installed board
Burglary Safe,Electronic Burglary Safe,Electronic Digital Safe,Burglar Proof Safe
YONGFA INTELLIGENT TECHNOLOGY SECURITY CO., LTD. , http://www.yongfa-safe.com