CIC Securities: Yuan Haoran Hao Xuemei 2010-05-12 Rating category strongly recommended EPS forecast 2009 2010 2011 growth 09-10 years 10-11 rating change maintained 300% 96.67% report date yesterday closing price: 16.48 target price : 22 Upside: 33.5% The target price is 22 yuan, maintaining a “strongly recommended†rating. Matters: The company's share price has undergone a major adjustment in recent days, falling by 23% in four trading days. In this regard, we communicated with the management of the company. The company also noticed that the stock price of the secondary market was greatly adjusted. After internal verification, it did not find any significant fundamental changes that may affect the stock price of the secondary market. The company's production and operation are normal, and the issue of additional issuance that the market is very concerned about is being actively promoted.
Investment points:
About LED packaging and applications. In 2009, the company's LED business took the opportunity of acquiring Jianlongda and Ruituo to achieve leap-forward development through external acquisitions, achieving sales of 173 million yuan, and its gross profit margin was as high as 38.77%.
The LED business has begun to take shape and the development momentum is good. In terms of lighting, the intention to order has exceeded 600 million yuan.
The display field reflects strong technical and cost advantages, has certain market competitiveness, and has seized a series of orders including the World Expo. It shows that the field is expected to achieve more than 500 million yuan in revenue throughout the year.
Preparation for LED chip development. The company announced that it has cooperated with EPIVALLEY in Korea at the beginning of the year.
LED extension view details
Investment points:
About LED packaging and applications. In 2009, the company's LED business took the opportunity of acquiring Jianlongda and Ruituo to achieve leap-forward development through external acquisitions, achieving sales of 173 million yuan, and its gross profit margin was as high as 38.77%.
The LED business has begun to take shape and the development momentum is good. In terms of lighting, the intention to order has exceeded 600 million yuan.
The display field reflects strong technical and cost advantages, has certain market competitiveness, and has seized a series of orders including the World Expo. It shows that the field is expected to achieve more than 500 million yuan in revenue throughout the year.
Preparation for LED chip development. The company announced that it has cooperated with EPIVALLEY in Korea at the beginning of the year.
LED extension view details
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Cixi Dani Plastic Products Co.,Ltd , https://www.cxdani.com