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【海通证券】国风塑业:主业有改善空间,重组有一定预期

[Haitong] Guofeng Plastics Industry: there is room for improvement in the main industry and certain expectations for reorganization.

海通證券 ·  Dec 8, 2009 00:00  · Researches

Event: recently, our organization has conducted an on-the-spot investigation of Guofeng plastic industry. Since its listing, the company has been specializing in the development of plastic films, especially in BOPP and BOPET films. Restricted by the development of the industry, the company has not made a good profit in the past two years. Hefei SASAC has plans to sell the shares of major shareholders of Guofeng Plastics. However, for various reasons, the reorganization did not take place. Judging from the current situation, the company's main business shows obvious signs of recovery, and there is more room for performance improvement next year. Coupled with certain restructuring expectations, although the current valuation of the company is not cheap from next year, considering that we give Guofeng plastic industry an investment rating of "increasing its holdings" for the first time.

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