[Huachuang Securities] Taiyuan heavy Industry: the product structure adjustment won the first battle, and the third base was completed at the end of the year.

華創證券 · Jun 17, 2012 00:00 · Researches

Performance forecast

We estimate that the EPS of the company from 2012 to 2014 will be 0.17,0.21 and 0.28 yuan respectively, corresponding to 22 times, 18 times and 13 times of PE. Compared with the valuation of similar companies, we think that the valuation level of the company is between 18 and 21 times. According to next year's EPS calculation, the corresponding reasonable stock price in the next six months will be between 3.8 yuan and 4.4 yuan. In view of the current low stock price, there is still some room to rise. Give a "recommended" rating for the first time. The risk indicates that the progress of the three projects under construction is lower than expected and the downstream requirements cannot be started.

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【华创证券】太原重工:产品结构调整初战告捷,三基地年底建成

[Huachuang Securities] Taiyuan heavy Industry: the product structure adjustment won the first battle, and the third base was completed at the end of the year.

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