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申银万国:将中兴通讯等(00763-HK)调入八大「确定买入」公司名单

申萬宏源 ·  Apr 26, 2012 11:17  · Researches

Shenyin Wanguo announced that ZTE (00763-HK) will be transferred to the confirmed purchase list, and China Unicom (00762-HK) will be transferred out. The total number of companies identified for purchase in this issue of the Key Recommendation Form is 8, namely: ZTE (00763-HK) China Taibao (02601-HK) CNOOC (02883-HK) Zhonglian Heavy Industry (01157-HK) Shanshui Cement (00691-HK) China Coal Energy (01898-HK) Shimao Real Estate (00813-HK) Xinhua Insurance (01336-HK) The total number of companies determined to sell in this issue is 2. K) Yanzhou Coal Industry ( (01171-HK) This issue's key recommendation table determines the reasons for the adjustment of purchased companies: Transfer to ZTE: After experiencing aggressive overseas market development, the company's business focus has shifted to increasing profits. With the gradual improvement of the competitive landscape in the industry and the company's increased control over expenses, ZTE's performance this year is expected to double compared to the previous year. The current valuation is at a historically low level and has a relatively high margin of safety. Excerpt from China Unicom: Still optimistic about China Unicom, the company is expected to achieve a strong increase in profit and accelerated growth in 3G users in the second quarter. The company's worst period is over, and we are waiting for strong results in the second quarter. However, due to the lack of strong catalysts in the short term, China Unicom was transferred out of the final purchase list.

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