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侨丰证券建议在1.36元买入大成生化(0809-HK)

Qiaofeng Securities recommends buying Dacheng biochemical (0809-HK) at 1.36 yuan.

僑豐證券 ·  May 19, 2009 13:33  · Researches

Buying factor: polyol, its chemical product, can be used as a cushion under the railway tracks, and the demand for this product will surge, which is expected to benefit from this huge investment, and the group will increase its production capacity in the future to meet the demand.

The forecast price-to-earnings ratio is only 3.5 times, and the price-to-book ratio is 0.31 times, which is the lowest valuation since listing for many years, fully reflecting the adverse factors. Because of its sound earnings outlook, it seems to be undervalued by the market. Coupled with the strong cash flow of business and state-supported enterprises, there is basically no financial pressure, and speculation is expected to lag behind.

High share prices still see the pursuit stick, MACD appeared to restock signals, coupled with the current price to cover the gap below April, so strong recoverable.

Purchase price: 1.36 yuan (current price 1.38 yuan)

Target price: 1.60 yuan

Stop-corrosion price: 1.20 yuan

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