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What Does The Stock Buy Today? Recommend The Most Potential Value Stock.

2014/8/12 11:14:00 137

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 Yitong Century (300310): create integrated service brand 
 Guotai Junan Securities pointed out that the Yitong century published the China Daily, achieving 310 million yuan in the first half of the year, an increase of 6.4% over the same period last year, achieving a net profit of 24 million 840 thousand yuan, an increase of 14.8% over the same period last year. In the second quarter, the single quarter results showed an accelerated recovery trend. It is estimated that the company's revenue in the two quarter increased by 9.9%, and net profit growth as high as 38.9%, much better than that in the first quarter. Sub business, the company's network maintenance business revenue increased by 44.7%, and benefited from the increase of personnel reuse efficiency, gross margin increased by 1.9 percentage points over the same period, becoming the main reason for the two quarter profit growth rate of super revenue growth. Meanwhile, through management intensification, the operating cash flow of the company improved in the first half of the year. 
 Guotai Junan Securities said that the company acquired 40% equity interest in Sichuan in May 2014. The latter is mainly engaged in mobile advertising platform, covering more than 40 million Android mobile users nationwide and collaborating with more than 40 thousand APP developers in China. In August 5th, the company signed a comprehensive strategic cooperation framework agreement with Guangxi branch of Xinhua news agency and Guangxi intelligent medical project for ten years. By setting up terminals and WiFi overlay network, a platform for offline advertising distribution was constructed. Through the era of acquisition, the company quickly cut into the field of media services, and integrated online and offline resources, giving full play to the existing communication and data service capabilities, and accelerating the pace of cross industry development. Relying on the advantages of existing channels, the company continues to expand the market outside the province, and the main industry presents an accelerated recovery trend. At the same time, after the completion of some equity acquisitions in Sichuan, the construction of advertising platform under the fast track has achieved remarkable results. Guotai Junan Securities gives the company "overweight" rating. 
 Xindu chemical industry (002539): layout salt alteration to other places expansion 
 Xindu chemical announcements and "Guizhou salt group" signed "capital increase and share cooperation framework agreement" on the increase and capital expansion of Guizhou salt trade. With the cooperation of Guizhou salt group and the salt group, the registered capital of Guizhou salt trade increased from 1 million yuan to 30 million yuan. The investment of Yi Yan Tang was divided into two parts, one was 18 million yuan, the other was registered capital. After the capital increase, Yi Yan Tang occupies 60% stake in Guizhou salt trade and becomes the controlling shareholder, and the precious salt group accounts for 40%. 
 Shenyin Wanguo Securities pointed out that the direct significance of this increase in holding salt trade is the use of the salt variety of Yi Yan Tang in Guizhou, and the use of the salt group's channel to carry out other brand promotion of non salt condiments. In the long run, this capital increase is of great significance. First, it has opened up a mode of cooperation with salt industry company under the existing salt monopoly system, which is expected to be replicated in other provinces in the future. Second, after the franchise is liberalized, the company can help Guizhou salt sale point with the help of the equity cooperation of Guizhou salt group. 
 Shenyin Wanguo Securities said that salt reform is a long-term investment and investment opportunity worthy of research and tracking. The salt monopoly system will have obvious upward elasticity for the relevant listed companies' EPS and PE. In the 2014-2015 year, the catalyst for the rising share price will start around the policy trend, public sentiment and the layout of the related companies. After 2015, EPS will begin to cash in. Shenyang Wanguo Securities maintains the company's "overweight" rating. 
 province wide shares (002400): < a href= "http://www.91se91.com/news/index_c.asp" > industry chain < /a > integration continues to promote 
 announcement of the provincial wide stock exchange received the notice of the China Securities Regulatory Commission, and resumed the application of the merger and reorganization of the company (Ya run Culture). The risk of merger and acquisition is lifted, and Ya run culture is expected to achieve profits in a relatively short time. The company announced in November 21, 2013 that it would acquire the 100% equity of Ya run culture through the combination of cash and cash. The acquisition price was 570 million yuan, of which cash was paid 25%, and the stock was paid 75%. In February 20, 2014, it was granted conditional approval by the SFC's merger and reorganization audit committee. After that, in March 7, 2014, the applicant was suspended for examination because of the suspected violation of the relevant parties involved in the reorganization. This reiterated that the review of the audit has been restored, marking the lifting of the risk of the stock management risk of the acquisition of Ya run culture. Taking into account that the company has already obtained the conditional approval of the merger and reorganization committee, the acquisition of Ya run culture is expected to be completed in a relatively short period of time, and the factors that restrict the integration of the company's industrial chain have been lifted. 
 Shenyin Wanguo Securities pointed out that since its listing, the company has continued to grow rapidly through the integration of industry chain, and has acquired Chongqing's annual, window, Qingdao pioneer, United media, reggae marketing, Qingdao pioneer and other companies. Since the beginning of 2014, the company has established an advertising industry M & A fund, acquired Guangzhou Zhong Mao and Shenzhen Shang Dao, and the industrial chain layout is continuously advancing. In the wake of the breakthrough in the acquisition of Ya run culture, the company's industrial chain layout is expected to accelerate significantly. Thanks to the excellent integrated marketing communication capability and good customer relationship, the company's endogenous growth is expected to continue to maintain a relatively high growth rate (the growth rate of endogenous growth in the first half of the year is about 50%). At the same time, from the experience of offshore market development, the traditional 4A also plays an important (or even more important) role in the digital marketing industry. There is no need for the market to worry too much about the challenges faced by the marketing media with the advantages of customer resources and integrated communication in the era of digital marketing. Shenyin Wanguo Securities gives the company "buy" rating. 
 heroic Technology: the high growth of China news report is in line with the expectation 
 Research Institution: UBS Securities analyst: Li Bo, Fu Weiqi's writing date: 2014-08-11 
 the high growth rate of China news report is in line with expectations, and the increase in gross margin abroad is bright spot .
 heroic reported earnings 810 million, an increase of 50% over the same period, net profit 230 million, an increase of 43% over the same period, basically in line with expectations. According to the subregional perspective, the growth of domestic and export revenue is about 50%, accounting for 60% and 40% respectively. The regional structure of income and gross profit is the same as that at the end of last year. Gross profit margin (50%) is 3 percentage points higher than that of the same period last year. We believe that the increase in gross profit margin is mainly due to the strong demand for overseas market, the strong bargaining power and the gross domestic product margin (39%), which is unchanged from the same period last year. 
 expense rate has increased, R & D investment and staff increase is the main reason 
 from the profitability perspective, the consolidated gross profit margin in the first half of this year was 46%, an increase of 1.3 percentage points over the same period last year, mainly due to the increase in gross margin abroad. From the product point of view, the gross profit margin of the moulds increased by 2.6 percentage points. Net profit margin was 28%, down 1 percentage points from 30% in the same period last year, mainly due to higher cost rate. 
 three cost rate 9%, 1.4 percentage points higher than 7.6% in the first half of last year. The cost increase mainly comes from: 1) R & D cost is 36 million 250 thousand, up 91% over the same period; 2) the increase of personnel has resulted in an increase in management fees. 
In the second half of the year, the global market share is expected to continue to increase P.
In the second half of the year, we think that the overseas tire mold market will maintain a growth rate of about 7%, and the domestic mold market will maintain a growth rate of about 10%. The company has the competitive advantage close to the global monopoly. With the gradual release of the capacity, the global market share should continue to improve on the current 12% basis. P The company expects 30%-60% growth in the first three quarters, which is basically in line with our expectations. 
 Valuation: maintain target price 
 we maintain 2014-2016 years 4.64/5.96/7.15 billion net profit forecast and 54 yuan target price, the target price is based on UBS VCAM model (WACC=9.1%), corresponding to 2014 times 23 times PE. 
 Alto Electronics: domestic business needs to be speeded up, and the overall trend is good. 
 Research Institute: Hongyuan securities (000562) analyst: Li Zhenya, Wang Jianwei's writing date: 2014-08-11 
 Event: 
 today, the company announced the first half of 2014: the first half of this year achieved operating income of 174 million yuan, an increase of 23.92% over the same period last year. The net profit attributable to shareholders of listed companies was 40 million yuan, an increase of 22.49% over the same period last year, and its performance was slightly lower than we expected before. 
 for this, we commented as follows: 
The main reason why the performance in the first half of this year is slightly lower than our expectation is that the domestic market has not yet achieved the target set at the beginning of the year. P On the one hand, the overseas market increased by 62.41% over the same period, showing a beautiful performance. The smooth implementation of the high-end projects such as the Brazil World Cup, London Waterloo railway station, French Open and Geneva international auto show further enhanced the international brand influence of the company. On the other hand, the domestic market dropped by 15.52% compared with the same period last year, and the strategic goal of penetrating from the high-end to the mid end market in the beginning of the year failed to achieve the desired effect. The main reason is that we are still judging by the competitive situation in the domestic market. 
 we still have high confidence in the company's development in the second half of the year and in the medium and long term. In the short term, we expect that the company's performance in the three and fourth quarter will be significantly improved compared with the first half of the year, and the international market will still maintain a relatively high level of growth as the company's Nanjing and Huizhou raise investment projects have been put into operation and the market demand has picked up. From the perspective of medium and long term development, we insist that the company represents the scarcity of the direction of the transformation and upgrading of China's advanced manufacturing industry in the future. Light assets, branding and high-end integrated service solutions are the three major points of the company. 
 profit forecast and investment suggestion. Considering that the domestic market is expected to increase significantly in the second half of the year, we maintain the original profit forecast. The company expects 14/15/16 EPS to be 0.35/0.46/0.60 yuan. Considering the good development trend of the company in the future and the super expected factors that exist in the future development of connotation and extension, it will maintain the company's "buy" rating and target price unchanged at 15 yuan. 
 < a href= > http://www.91se91.com/news/index_s.asp > risk > /a > hint. LED shows that the competition in the industry has intensified, resulting in a rapid decline in profitability.