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【国信证券】北新路桥公司快评:产业链高端延伸,跨区域扩张加速

國信證券 ·  Aug 16, 2010 00:00  · Researches

The company will hold the 2010 Third Extraordinary General Meeting of Shareholders on August 16 to vote on the public distribution plan announced on July 23. Taking into account this increase and the company's current business development situation, the preliminary estimate for the company's 10-12 year operating income is 3.12 billion yuan, 4.35 billion yuan, and 5.73 billion yuan respectively, and the profit attributable to the parent company is 78 million yuan, 109 million yuan, and 151 million yuan respectively. According to the additional 50 million shares issued, the diluted EPS is 0.33 yuan, 0.46 yuan, and 0.63 yuan respectively. The corresponding P/E is 64X, 46X, and 33X respectively. Considering the national policy trend in the development of the Xinjiang region, as well as the superior performance that may be brought about by the company's accelerated business development after the increase, Give the company a “recommended” investment rating.

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