We expect the company's 2013-2015 EPS to be 0.41, 0.53, and 0.63 yuan respectively, and the current stock price corresponding to the 2013 PE is 19.2 times higher. Based on an industry average valuation of 17.5 times, the company's net profit growth rate is expected to reach 41% in the next three years, significantly faster than 23% of the industry average. We give the company a valuation premium of 35%, give the company a valuation premium of 23 times, corresponding to the target price of 9.40 yuan, and maintain the company's “buy” rating
【东方证券】青龙管业中报点评:PCCP管收入确认继续低于预期
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.