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【华宝证券】敦煌种业:政策春风,孕育历史之机遇

[Warburg Securities] Dunhuang seed Industry: policy Spring Breeze, an opportunity to give birth to History

華寶證券 ·  Sep 26, 2011 00:00  · Researches

Main points of investment:

The national policy vigorously supports the planting industry, and the company will become one of the most beneficial companies.

The corn seed industry improves the overall profitability of the company.

The company's long-term prospects are promising.

Future profits will continue to grow by more than 30%.

What makes it different:

National policy will promote the rapid development of the company through mergers and acquisitions in the future.

The sales of spring corn seeds of Pioneer 335 will grow rapidly in the northwest.

Key assumptions:

The compound growth rate of seeds will exceed 25% in the next five years.

Risk Tips:

Lint prices continued to fall.

The price of cooking oil is still controlled by the state.

The translation is provided by third-party software.


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