Mid-term results expected to double 8 white horse stocks are poised to break through (i)

Performance base to increase the stock to May 15, the two cities have 567 a-share company announced the interim results, the camp has included 195 companies, the camp is focused on 362 companies.　　On the whole, the fundamentals of listed companies may still be less optimistic than they were in the 2008 period. China's economy is running better than expected, and the central package has achieved tangible results. The April economic data and first-quarter data are a whole, indicating positive changes in China's economic performance.　　The first quarter of the industrial profit data content to meet expectations, non-ferrous metals, oil processing and coking industry and other 18 industries have shown signs of improvement in profits.　　Good economic environment for a A-share development has laid the foundation, especially in the mid-term performance of the listed companies, for the current a-share market to bring new investment enthusiasm.　　In the mainstream institutions generally optimistic about the industry, we focus on mining has a strong median strength of the varieties, especially the medium-term performance of the major increase in the listed companies, funds and other mainstream institutions in the first quarter focus on warehouse, and brokerages recently given "overweight" or "buy" rating. The current value stock selection meets the following four conditions: first, the mid-term performance of this year may exceed 100%, and the 2009 annual performance is expected to increase by more than 20%; second, excellent performance, Earnings per share of more than 0.06 yuan in the first quarter of this year, 2008 annual report earnings of more than 0.14 yuan per share, and 2009 forecast earnings per share of more than 0.25 yuan; third, the growth of operating performance is mainly caused by the main income, and after a few years main income can lead to growth; four, the stock price is well poised,　　May to increase by less than 15%, short line significantly stronger opportunities.　　Jinrongjie (000402) concept of real estate, deep into 40 concepts, the concept of fund heavy warehouse, the concept of pre-surplus, the concept of Shanghai and Shenzhen 300, the concept of public offering, the concept of directional additional issue, 100 concepts of certificate. Real Estate + property: The company to commercial real estate as the core of the three major business income structure gradually formed. Jinrongjie Center area of shopping malls, Golden Tree Street, Jinrongjie apartments, financial clubs and other properties after the full preparation of the second half of 2007 opened, marking the company realized the business model from simple real estate development to real estate development and property holding a smooth transition.　　2008 Annual report shows that the 2008 real estate development income of 4,683,305,400 yuan, property leasing 253.1035 million yuan, property management 314.4023 million yuan. Operating advantages: The company continued to upgrade the business model in the Jinrongjie region, gradually from the land development and real estate development organically combined to real estate development and property management simultaneously change, so that housing leasing become a new profit growth point, the formation of real estate development and property management two pillar business areas. 2008 Annual report shows that self-sustaining property to achieve operating income of about 560 million yuan, accounting for more than 10% of operating income, self-sustaining property income contribution ratio steadily increased. With Beijing Xicheng District Jinrongjie Planning Area commercial real estate exclusive development right, Beijing Jinrongjie development goal is to become capital intensive, market active, informationDeveloped, well-equipped, and beautiful environment of the International financial Center.　　Continue to accelerate the pace of Beijing Jinrongjie construction, while continuing to upgrade the company's business model in the Jinrongjie region, to ensure that the company in Beijing Jinrongjie region after the completion of the sustainable development.　　Shares in Tongzhou Business Park: The company invested 100 million yuan in Beijing Tongzhou Business Park Development and Construction Co., Ltd., accounting for its total share capital of 18.75%. Available for sale of financial assets: 2008 Annual Report disclosed that the financial assets available for sale at the end of the value of 132 million yuan, for holding the shareholding of China Merchants Bank.　　In addition, the holding of unlisted financial enterprises, the listed companies to hold shares of China Merchants Securities 967,000 shares, book value of 1.41 million yuan (China Merchants Securities IPO application approved by the SFC). CICC: According to the latest project information on the company's intrinsic value of the new estimates, the company 2009, 2010 per share of net assets value of 13.73 yuan, 14.33 yuan respectively.　　At present, the company's share price of 2009, 2010 P/E is 20.3 times times, 16.7 times times respectively, for 2010 net assets value of 27% discount. State Securities: The next 2 years, the company has sufficient settlement resources, the stability of the performance of the security, good financial situation for the follow-up project construction and expansion to provide support, the company is expected to 2009-2011 EPS is 0.46 yuan, 0.56 yuan and 0.69 yuan, PB less than twice times, the valuation has a comparative advantage, maintenance　　Rating。 Guotai: 2009 and 2010 are estimated to be 0.51 yuan and 0.65 yuan EPs respectively.　　Suppose that the company's average price on the basis of the current decline of 10%, 8.5% discount rate corresponding company Rnav 13.06 Yuan, 10% discount after the target value of 12 yuan, equivalent to 2009 23 times times Dynamic PE and twice times PB, to maintain "overweight."　　Shenzhen Airport (000089) forecast 2009 1-June net profit rose more than 300% traffic facilities concept, deep into 40 concept, the concept of surplus to increase, social security heavy warehouse concept, CSI 300 concept, Capital injection commitment concept, directional additional concept. Airport Logistics one of the leading: committed to the development of the South China Freight Gateway Airport and regional passenger hub airport, excellent operation, and strive to build into the South China cargo portal Airport. A second 4F runway will be built. It is estimated that in the next few years the company's international freight volume will increase by more than 50%, if the airport fee reform will increase the company's profit of about 12%.　　As at the end of 2008, there were 31 airlines operating in Shenzhen airport, 136 in Shenzhen Airport, 101 cities in Navigation, and more than 3800 flights per week. Overall Listing theme: the company to the large shareholder airport group targeted additional purchase of its assets, the additional price of 4.90 yuan per share. Acquisition assets include: The group currently commissioned Shenzhen Airport management Chang Wu Department (including the airport is currently used in the flight area assets), security guard fire, Emergency Center, command center assets, a building and B building parking assets, Shenzhen Airport Logistics Park PublicDivision 30% of the equity and related land. The carrying value of the assets involved is about 1 billion yuan-1.1 billion yuan.　　The 2008 Annual report shows that the process of industrial and commercial change of the directional issuance of shares has been completed on June 30, 2008.　　Participation in the airport: investment Chengdu Shuangliu International Airport Co., Ltd., the initial investment amount of 382.63 million yuan, accounting for the proportion of the company's equity ratio of 21%, 2008 the company net profit of 117.57 million yuan. Bonded Logistics Center: February 2009 National General Administration of Customs and other four ministries expressly agreed to set up Shenzhen Airport bonded Logistics Center (Type B). Bonded Logistics Center (b-type) is approved by the Customs, a legal entity operating in China, a number of enterprises to enter and engage in bonded warehousing and logistics business of the customs centralized regulatory sites, with bonded warehousing, international logistics and distribution and many other functions, is the general administration of Customs to establish a diversified bonded logistics supervision system of　　Logistics center will greatly optimize the Shenzhen Airport International Air Cargo clearance environment, enhance the operation efficiency of international air cargo clearance, contribute to the long-term development of international air cargo business.　　Guotai: As the company's air passenger transport business performance is better than expected, slightly up the company 2009-2011 earnings per share to 0.33 yuan, 0.35 yuan and 0.38 yuan, corresponding to the 2009 dynamic PE19 times, maintain a "cautious overweight" rating. BOC International: 2009 1 Quarter Shenzhen Airport revenue than the same period last year slightly increased by 0.4%, but the operating costs rose 8.2% year-on-year, total profit fell 7%, net profit fell 10% year-on-year. Among them, aviation main industry maintains steady growth, but the aviation logistics plate and the aviation value-added plate are affected by the macro-economic environment are greatly reduced. In 2009, the company significantly increased its forecast of 2009 results in the 1 quarterly. The corresponding increase in the company's 2009 volume and earnings per share of the forecast, the 2009-2011 company is expected to earnings per share of 0.37 yuan, 0.39 yuan and 0.45 yuan, the increase is 4%-21% respectively.　　Maintain a "hold" rating. CICC: The company's current share price of 2009, 2010 P/E is 18.9 times times and 17.5 times times respectively, relative to the historical lows.　　At the same time, compared to other airports, Shenzhen airport in the next few years the growth of the performance is more clear, predictable and strong, its defensive better than other airport companies, maintain a "prudent recommendation" investment rating.　　Thunder Division (600985) It is estimated that the net profit attributable to the owner of the parent company in the first half of 2009 is more than 200% of the chemical fiber concept, the concept of medium price, the concept of pre surplus and the concept of tax preference. Domestic explosion industry leader: The company is the national civil explosive equipment industry's first listed company, leading products of water glue explosive sales accounted for about 40% of the total sales of water glue explosives, 76% of the products are the state and province, the Ministry of Quality products, including water glue explosives won the national silver, and was the first batch of Anhui Province to recommend High-quality brand-name products at home and abroad , provincial quality exemption productionProducts such as the title, the product sold to the domestic 21 provinces, autonomous regions, and exported to Southeast Asia, Europe, Africa and Hong Kong and Macao region. Key High-tech Enterprises: The company is the Ministry of Science and Technology Torch High-tech Industry Development Center identified by the National Torch Program key High-tech Enterprises, Anhui Province Science and Technology Commission identified High-tech Enterprises, the company's production scale, technical level, process equipment, basic management are ranked domestic advanced level of the same industry,　　Has the leading domestic level of water glue explosive automatic production line. Explosives technology leading domestic: Company's existing products have entered the stage of mass production, its leading product water glue explosives have been the national silver medals and other honors, the national leading technology, water gel explosive production scale in the country's first, safe performance than the original United States DuPont similar products, explosive performance superior to other varieties of explosives.　　The company has won 82 provincial and ministerial level of honorary title, with patented technology 2, proprietary technology 7, is the National Torch program key High-tech Enterprises and High-tech Enterprises in Anhui Province.　　Shareholder background: The company's main sponsor mining group registered capital of 2,210,720,000 Yuan, is one of China's main coal production base, is one of the national key support of 512 state-owned key enterprises, mainly engaged in coal, chemical, medical and health products such as manufacturing business. Tax Benefits: January 14, 2009 announcement, according to Anhui Province Science and Technology department, Anhui Province Finance department, Anhui Province state Tax Bureau, Anhui province local Tax bureau jointly issued the "notice", Thunder division of the company was identified as Anhui Province 2008 the first batch of High-tech enterprises.　　According to the relevant regulations, the company will be taxed since 2008. Securities: First-quarter results in line with expectations, the two quarter trend to good.　　Based on the company's current business, the company is expected to 2009-2011 EPS is 0.62 yuan, 0.81 yuan, 0.87 yuan, taking into account the company's integration of Huai Shuntai is expected to be more determined, comprehensive valuation model, maintain A "buy-A" rating.　　Yuan Yuan (002161) It is expected that 2009 1-June net profit increased by 70%-120% high price concept, pre-surplus concept, railway infrastructure concept, transfer concept, equity incentive concept. UHF RFID (radio frequency identification) Faucet: The company is only one by one in the domestic RFID business mainly listed companies, specializing in UHF RFID research and development, business in addition to covering the entire railway RFID industry chain (including standard development, chip design and manufacturing, antenna design and manufacture, chip packaging,　　Reading and writing equipment development and production, system integration and data management software platform, application system development, but also in tobacco logistics, military applications and other UHF RFID field to achieve initial success. Beneficiary Railway Investment: The company is one of the main standards makers of the Railway Ministry's vehicle identification system, in the technology has the first advantage; the company has made a finalist in the railway Vehicle system, at present only two companies participate in the market competition, other competitors are difficult to enter; the company currently has 5 series of more than 60 kinds of radio frequency identification products,Widely used in railway and other fields; In the railway system successfully promoted the complete localization of UHF RFID, at home and abroad by a great deal of attention, become the main RFID market competition, the company in the Railway Vehicle identification system market share of more than 50%, the company by virtue of its own technical advantages and service advantages,　　The successful substitution of international manufacturers to become the main supplier of railway market will be the opportunity for high-speed development in railway investment. Day congenial gu: increase the non-railway RF market expansion, 2009 or now high growth, is expected 2009-2011 EPS for 0.70 Yuan, 0.96 yuan and 1.26 yuan, to the April 29, 2009 closing price of 29.92 yuan, corresponding to the dynamic P/E ratio of 43 times times, 31 times times and 24 times times,　　In view of the company's oligopolistic position in the railway RF market and the development potential of the non-railway RF market, the company maintains an "overweight" investment rating. CIC Securities: Although the company's 2009 earnings growth may exceed our earlier expectations, but out of prudent principle of the company's earnings forecast, to maintain the company 2008-2010 EPS for 0.44 yuan, 0.86 yuan, 1.20 yuan earnings forecast.　　Consider the company's growth rate of not less than 30% per annum in the next three years (the right of the company's stock rights incentive conditions), to give the company 2010 30-32 times the valuation level, corresponding to a reasonable value of 35-38 yuan, maintain a "strongly recommended" investment rating. Guotai: The company 2009-2011 revenue is expected to be 257 million yuan, 3.59 yuan billion, 498 million yuan, net profit is 84.06 million yuan, 122 million yuan, 169 million yuan, corresponding EPS is 0.65 yuan, 0.95 yuan, 132 million.　　To three-year net profit compound growth rate of 45.38%, give "overweight" rating.　　Southwest Securities: RFID products will maintain rapid growth, the company's 2009-2011 EPS is expected to be 0.82 yuan, 1.21 yuan and 1.54 yuan, 2009-2011, the company's P/E ratio of 35 times times, 30 times times, 25 times times, to give "hold" investment rating.　　Citic Sea (000099) is expected 2009 1-June net profit of about 56 million yuan, an increase of 100%-150% transport logistics concept. Main leading advantages: At present, China engaged in offshore oil flight service enterprises have 3, the company's main competitor is China Southern Airlines Zhuhai helicopter Company and Eastern General aviation. China Southern Airlines Zhuhai helicopter Company's business scope for the western region of the South China Sea, eastern General Airlines business scope for the Bohai region. Currently occupies the east of the South China Sea, the East China Sea area of the total market share, occupies the west of the South China Sea, the Bohai Sea half of the market share, in the industry leader The acquisition of Northern Airlines Longjiang Navigation capital of the oil helicopter business, overseas operations and oil exploration outside the CNOOC three major market areas made substantial progress, further consolidating the company in generalThe leading position of aviation, especially offshore oil industry. Business advantages are obvious: The main business is to provide domestic and foreign users of offshore oil helicopter flight services and other general aviation business.　　Safe flight still maintained a good record, no major accidents occurred, the safety control indicators are good. Offshore oil development: the development of China's economy has increased demand for oil, offshore oil development has become one of the priorities of national energy strategy, after entering Eleven-Five, offshore oil development will enter a rapid development phase, as the marine oil exploration and development of the indispensable helicopter flight service will also accelerate the pace of development.　　2008, the company carried out 19461 sorties, 16,358 hours 45 points, respectively, the increase of 7.67%, 14.59%, accounted for more than 65% of the offshore Helicopter flight Service market. China Merchants Securities: general aviation in spring, the development of space is about to open. In the macro environment in the adjustment, due to the long-term and stability of the helicopter service contract, this market segment of the Invisible champion is more stable, while the next two companies into rapid development, there should be a growth premium, is expected in 2009 and 2010 EPS for 0.26 yuan and 0.33 yuan, maintain "strongly recommended "Investment rating.