The Zhitong Finance App learned that GF Securities released a research report saying that it gave AVIC Science and Industry (02357) an “increase” rating and is optimistic that the popularity of the aviation circuit where it is located will continue to improve. Recently, the overall listing of helicopter A-shares and the acceleration of specialized integration between AVIC Electronics and AVIC Electronics is expected to further implement the aviation industry group's strategic plan to achieve steady growth in performance, with a reasonable value of HK$6.21. The company has an industrial chain layout integrating aviation equipment design, R&D, manufacturing and supporting services. At the same time, investment layout and specialized integration are carried out around the aviation industry, combining industry and finance to help the development of the aviation industry.
According to the report, the company's aviation industry chain and military and civilian “full coverage”: (1) Full coverage of the aviation industry chain: from components to complete aircraft, services and investment, the entire aviation fleet covers the entire helicopter industry chain business, and the ability to develop a full spectrum of coach products; aviation support covers airborne systems and connectors; aviation engineering services form a full-process specialized service system covering the front, middle and back ends of the value chain; aviation investment supports the aviation industry through financing to promote production. (2) Full military and civilian coverage: Helicopters have flexible maneuverability, strong versatility, wide range of military and civilian applications, and aviation development can be expected; the military and civilian market for aircraft airborne systems is broad, and civilian applications of connectors continue to expand.
The bank said that the company's core investment logic is as follows: (1) Aviation industry capital market flagship company: Hong Kong-stock rare aviation high-tech military and civilian general product and service flagship company; (2) Comprehensive aviation industry chain coverage: the main business covers complete aviation aircraft, airborne systems and aviation components, aviation engineering services, aviation investment, etc.; (3) Industry-finance integration helps the development of the main business: using finance to promote production, focus on and implement the aviation industry group's development strategy; (4) the military and civilian downstream prosperity is booming: benefiting from ensuring the smooth progress of military delivery missions and the continuous expansion and expansion of civilian use Domestic substitution, product business structure upgrade, market The penetration rate continues to increase.
