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侨丰证券:建议在1.77元买入大成生化(00809-HK)

Qiaofeng Securities: it is recommended to buy 00809-HK at 1.77 yuan.

僑豐證券 ·  Jun 17, 2009 16:52  · Researches

Buying factors: in the long run, crude oil will be in short supply, and the use of agricultural products as raw materials for the production of polyol chemical products can still be used as substitutes, so it is believed that polyol chemical products have great potential for development in the domestic and other Asian markets. It is expected that the successful development of polyol projects will make a considerable contribution to its future in the foreseeable future.

Dacheng's current valuation has reflected all the negative factors. Its monthly cash flow is about 100 million yuan, cash on hand is maintained at 20 to 2.5 billion yuan, its forecast price-to-earnings ratio is 7 times, and its price-to-book ratio is 0.46 times, which fully reflects the adverse factors. Because of its sound earnings outlook, it seems to be undervalued by the market.

After two consecutive days of promotion, it rose 14.2% yesterday to close at an all-day high of 1.77 yuan, and the trading volume doubled to 43.79 million shares. with the continuous strengthening of all technical indicators, the second target price can be extended to 1.85 yuan.

Purchase price: (current price 1.77 yuan)

Target price: 1.85 yuan

Stop-corrosion price: 1.55 yuan

The translation is provided by third-party software.


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