The latest institutional rating of 23 bull stocks

2022-08-09
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In 2011, the latest institutional rating of 23 bull stocks showed a strong bottom reading signal

the company optimized the production of civil and industrial electric heaters and continued to improve the company's profitability under the condition of limited production capacity; With the implementation of the IPO project, the company will usher in rapid growth in the next two years. The electric heater for polysilicon production of the company is a typical imported substitute product. With the promotion of the second generation cold hydrogenation technology, it will enjoy rapid growth, and the characteristics of the core consumables whose electric heating is replaced every 12 months will ensure the sustainability of future growth

it is conservatively estimated that the annual sales scale of the company's cold hydrogenation electric heating system and electric heating core is 120million yuan, 240million yuan and 330million yuan. Based on the gross profit margin of%, its profit is about 38million yuan, 55million yuan and 79million yuan, and the thickened EPS is about 0.43 yuan, 0.61 yuan and 0.88 yuan. Its profit contribution ratio is 35%, 40% and 45%, growing rapidly. We conservatively expect the annual EPS of the company to be 1.2 yuan, 1.5 yuan and 1.96 yuan; The corresponding PE is 28, 22 and 17 times. Considering the proportion of polysilicon equipment revenue and the growth of the company, the company is rated as "strongly recommended"

(Dongxing securities)

aerospace information (market, information) (600271): software business is growing steadily and rapidly. Purchase rating

researchers from Orient Securities issued a report that the company is the vice chairman unit of the RFID industry alliance and participated in the formulation of national RFID Security Standards and IOT industry application standards. As the grain circulation information involves state public secrets, this industry must be dominated by a few enterprises like the Golden Tax Project. The company has successfully developed a grain circulation management solution and successfully piloted it in Changzhou, Jiangsu, Bayannaoer, Inner Mongolia, Zhengzhou, Henan and other places. In the future, it is expected to become one of the oligarchs in the industry, and will also become the market leader in the field of food safety traceability system. Due to the poor installation of the host part. The stable and rapid growth of software business and the continuous growth of training industry will improve the overall gross profit margin of the company. Give the company a buy rating for the first time

(Orient Securities)

Qianshan pharmaceutical machine (market, information) (300216): the target price is 42 yuan, "overweight" rating

Guotai Junan Securities researcher issued a report that the main infusion production line grew steadily, and the market prospects of plastic ampoule production line and automatic intelligent light inspection machine are explosive, which is the guarantee to improve the company's short-term performance. The company is a leading enterprise in injection production equipment in China. The main products include all kinds of infusion production lines and ampoule injection production lines and other injection drug production lines. At present, more than 70% of the company's revenue comes from large infusion production equipment. Its sales volume and sales volume rank first in the industry, and its production technology is close to the international level. Based on the assumption of new product sales, the annual EPS of the company is expected to be 1.04 yuan, 1.64 yuan and 2.35 yuan, with a year-on-year increase of 54%, 58% and 43%. The target price is 42 yuan

(Guotai Junan)

Minhe shares (market, information) (002234): the price of chicken seedlings has accelerated the rise of "buy" rating

under the background of breeding boom, Minhe is one of the most beneficial varieties

based on the breeding boom corner, we have strongly recommended Minhe shares recently. In our report on June 20, "grasp the opportunities of varieties and fine-grained industries with performance exceeding expectations", we reminded everyone that Minhe and Zhengbang would revise their profit forecasts upward and suggested that they should focus on it. In the report "selection of targets under high chicken seedling prices" on June 21, the 11 year profit forecast of Minhe was raised to 1.37 yuan, and additional dilution of 0.96 yuan was considered. In the industry newspaper on July 10, "Shandong Research Briefing: optimistic about the breeding of sea cucumbers and poultry, so as to ensure that the experimental machine can operate continuously for a long time", we once again suggest that we strongly pay attention to Minhe

the price of chicken seedlings has accelerated in the short term, improving the performance of Minhe:

as the largest commodity generation chicken seedling production enterprise in China, the company fully enjoys the performance flexibility brought by the rising price of chicken seedlings. According to our latest tracking findings, the price of chicken seedlings has accelerated recently. In less than a month from June 21 to July 13, the price of chicken seedlings has increased from 3 1/feather to 4 8 yuan/feather, an increase of 18%. According to our calculation, for every 0.1 yuan increase in the price of chicken seedlings, the company's eps0.16 yuan will be thickened. The short-term rise in the price of chicken seedlings has improved the imagination of Minhe's performance

the price trend of chicken seedlings in the second half of the year depends on the release of the supply side. The quantity of commercial chicken seedlings depends on the supply of parental chicken seedlings. In the first quarter of this year, there was a strong supplementary column for the chicken seedlings of parents' generation. It will take about 27 weeks from the parents' generation of chicken seedlings to the release of commercial generation of chicken seedlings, about to month. Considering the festival factors in the third quarter, the price of chicken seedlings is supported

refinancing demands, the company has great motivation to actively release performance:

Minhe announced the refinancing plan on April 18: it plans to issue 45million shares at a price of no less than 19.36 yuan and raise 840 million yuan to expand downstream breeding and slaughtering business

at that time, Minhe's breeding and slaughtering capacity will reach 55 million feathers, and the annual profit will reach 190million yuan

we believe that Minhe will gradually get rid of the embarrassing situation of relying solely on the fluctuation of chicken seedlings to earn performance in the future

based on the company's refinancing demands, Minhe has sufficient motivation to release performance

revision of profit forecast, investment rating and Valuation:

we predict the annual net profit of Minhe shares to be 147 million yuan, 194 million yuan and 244 million yuan respectively

considering additional dilution, the corresponding EPS of the year is 0.96 yuan, 1.27 yuan and 1.60 yuan respectively

under the background of high chicken seedlings, the company's performance exceeding expectations is a high probability event. We raised our target price by 27 6 yuan, corresponding to 11 years of PE, buy rating

(Everbright Securities (market, information) (601788))

Xi'an Catering (market, information) (000721): the company's performance meets the expected "recommended" rating

investment points:

1. The company achieved an operating revenue of 308153200 yuan and a net profit of 30.068 million yuan in 2011, with a year-on-year increase of 14.36% and 371.35% respectively. In the first half of the year, the company completed the equity transfer of the wholly-owned subsidiary Xi'an laosunjia restaurant business building project and obtained a net investment income of 22.245 million yuan, so the growth rate of operating profit is much higher than that of revenue. After deducting non recurring profits and losses, the net profit attributable to the listed company was 7.4911 million yuan, with a year-on-year increase of 19.65%, matching the income growth. In the first half of the year, the company achieved earnings per share of 0.15 yuan, and the performance was basically in line with expectations

2. The 2011 World Horticultural Exposition was held in Xi'an, which has a direct pulling effect on the company's main catering industry. The monthly catering revenue was 236.6996 million yuan, with a revenue growth rate of 17.33%. However, due to the continuous rise in catering purchase prices since the beginning of the year, the overall operating costs increased, and the company's catering gross profit margin decreased slightly by -0.33%. In the second half of the year, with the arrival of various holidays, the consumption of tourists will further drive the catering revenue of the company. It is expected that the annual catering revenue growth rate will reach about 20%

3. During the reporting period, the company actively developed the "300 project", which includes several time-honored brand small chain stores. In the first half of the year, it opened 2 large and medium-sized specialty stores, developed 23 time-honored convenience stores and chain stores, and completed 11 time-honored large-scale renovation projects. At present, the total number of business points of the company is nearly 70, including 39 small chain stores and convenience stores (counters). The operation mode of catering chain has begun to take shape. In addition, Gaoling Food Industrial Park was successfully completed and put into operation last year. In the future, its food processing industry will become another major business besides catering

4. The company issued a private placement plan on February 23, 2011. It plans to issue no more than 42million shares at a price of no less than 10.7 yuan, and raise about 430million yuan for the reconstruction of the headquarters of Xi'an Fanzhuang East Street, the renovation and reconstruction of business sites, and the upgrading and reconstruction of logistics. The Xi'an restaurant renovation project will be completed in 2013 and is expected to contribute a net profit of 17.37 million yuan to the listed company. The other two projects will make the most positive contributions to the improvement of the company's long-term profitability

5. To sum up, the 2011 World Horticultural Exposition will drive the overall performance of the company throughout the year. In the future, the expansion of the company's time-honored catering chains in the region still has a certain potential. In addition, through additional issuance, the problem of insufficient funds restricting the development of listed companies will be solved. The estimated annual EPS is 0.25 yuan, 0.27 yuan and 0.36 yuan respectively; PE is 43.73 times, 41.27 times and 30.86 times respectively. Considering that the future private placement projects will improve the overall profitability of the company, we give a "recommended" rating. The six-month target price is 12.5 yuan

(Huatai Securities (market, information) (601688))

Semir clothing (market, information) (002563): the company has developed rapidly in recent years, and it is strongly recommended that the rating

Changjiang Securities (market, information) (000783) researchers issued a report that they have recently conducted research on Semir clothing and conducted in-depth communication with the company's secretary of directors on the company's strategy and operation. The company has developed rapidly in recent years. Thanks to the rapid development of the casual wear industry, Senma brand is in a leading position in the industry; The company's children's wear brand Balabala is in an absolute advantage in the children's wear market. The development of the children's wear industry is relatively preliminary, and the company has accumulated considerable experience in this industry. While the company continues to grow, it strengthens research and development, provides diverse products, and meets the changing needs of consumers. At the same time, the company strengthens supply chain management to meet the growing needs. It is estimated that the annual main business income is 9.096 billion yuan, 12.914 billion yuan and 17.767 billion yuan respectively, and the corresponding EPS is 2.4, 3.49 and 4.72 yuan respectively. The current market price is 52.1 yuan, and the corresponding PE is 21.7, 14.93 and 11.04 times respectively. Give the company "strongly recommended" investment rating

(Changjiang Securities)

step by step higher (market, information) (002251): adjust the inflection point of good performance, show the buying rating

announcement, the performance of the interim report is expected to increase by 30%-50%

the company recently released the announcement of the performance increase in the first half of 2011, and it is expected to realize the net profit attributable to the parent company in 2011 5.8 billion yuan, a year-on-year increase of 30%-50%. It is fully in line with our previous expectation that the company's performance will increase by 40% in the first half of this year

the expansion of stores was smooth, and the adjustment effect was better than expected

step by step. In the first half of the year, eight new supermarket stores were opened, and the expansion of stores was in line with expectations. We expect that 20 new supermarkets will be added throughout the year. After the transformation of foreign teams in the past 18 months, the same store growth rate of supermarkets in the first half of the year was 14%, of which the same store growth rate of reconstructed backdoor stores reached 25%, and the effect was remarkable; In terms of department stores, the rapid growth of last year will continue this year, with monthly sales increasing by more than 30%, accounting for a further increase in the proportion of the company's revenue. The gradual maturity of Changsha Hexi store and the opening of several deterministic urban complex sinking projects in the next few years will provide continuous growth momentum for the department store business

investment suggestions

as we previously predicted, the growth rate of net profit in the first half of the year is expected to reach 40%, exceeding market expectations, and the inflection point of performance will be further confirmed. The supermarket business of the company has passed the running in period, and will continue to maintain a fast opening state in the next six months, so as to promote the rapid growth trend in the next year, and the development of department store business is getting better. We maintain the profit forecast and buy rating of eps0.82, 1.15 and 1.61 yuan for the year, with a target price of 29 yuan

(GF Securities (market, information) (000776))

Huaren Pharmaceutical (market, information) (300110): to ensure technical strength and production capacity, it is strongly recommended that

I. event overview 1 68.3611 million yuan was invested to build the blood purification engineering technology center. 2. Invest 30million yuan of capital and 21million yuan of fixed capital

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