Buying factor: as of the end of 2008, the half-year net profit reached 1.897 billion yuan, an increase of 1.2 times over the same period in 2007.
With the prices of agricultural products continuing to rise and sales rising, Chaoda's performance in the next year or two can be expected to be very good.
Chaoda may have to repay another 2.9 billion yuan of CB and advanced unsecured bills in the next 12 months, and is now fully prepared to pay off.
According to the technical trend, the stock price is being chased, breaking through the major resistance level of its 100 antenna and breaking through the top of its Baoli plus channel, plus the 10-day, 20-day and 50-day averages are rearranged in order, and the short-term uptrend is expected to be continued.
Purchase price: 5.35 yuan (current price 5.38 yuan)
Target price: 5.70 yuan
Stop corrosion price: 4.90 yuan