Dongguang micro-Electricity and other 3 new shares 8th purchase guide

Purchase abbreviation: Dongguang micro-Electricity purchase code: 002504 Purchase Time: November 08 (Monday) 9:30-11:30, 13:00-15:00 purchase price: 16.00 yuan/share, corresponding to P/e 87.78 times times Issue quantity: 27 million shares online: 21.6 million purchase limit: 2 .150,000 cap Capital: 344,000 yuan, a single securities account for the commissioning of not less than 500 shares, more than 500 shares must be 500 shares of the integral times November 09, the Tuesday Capital verification, online subscription number November 10 Wednesday online issue lottery, check rate announcement November 11 Thursday published Online check results announcement, the online purchase of funds to thaw the company is the national four Ministerial committee jointly identified the first batch of state-encouraged integrated circuit enterprises. The company is mainly dedicated to the development, design, manufacture and sale of semiconductor discrete devices and integrated circuits. The company's main products include protective power Device series products, Vdmos series products, SCR series products and 1300X series products. The company has "Nanjing Research and Development Center", have a track and absorb the international advanced technology, with continuous innovation capability of the research and development team, the company set chip design, chip manufacturing, packaging testing, direct sales, after-sales service in one, to independent brands in the domestic semiconductor discrete devices and integrated circuit market has established considerable influence. Institutional forecast of price interval forecast for mechanism pricing forecast 14.67-18.86 yuan Qilu Securities protection devices are the advantages of the company's traditional products. 2007-2009, the company's products in the telecommunications field of domestic exchange-controlled switchboard in the market share of the first tier, 2009 share reached 80%. With the development of new products, the company's products will be extended from communication products to broadband products. With the increase of vdmos capacity utilization rate, Vdmos's contribution to the company's net profit is increasing year by year. Power-type semiconductor localization has just begun, the company's products cost-effective advantage is obvious, will benefit from the huge import substitution space. To 2011 years EPS's 35-45 times P/E ratio, gives the company the medium and long term reasonable valuation interval is 14.67~18.86 yuan. 14.88-17.36 Yuan Guotai Company is an important enterprise in the field of power devices, the main products cover four series: Protective power devices, VDMOS, SCR and 1300X. Vdmos products are expected to drive the company's future performance growth. At present, the electronics industry can be compared to the company 10 average PE 44 times times, we recommend a reasonable inquiry interval of 9.98-11.59 yuan, corresponding to 2010 years of PE for 31-36 times, we speculate that the market may be the target price to 14.81-16.75 yuan. The listing target price 13.80-16.10 yuan, corresponding to 2011 PE is 30-35 times. 10.42-12.83 Yuan Changjiang Securities Company has a wholly-owned subsidiary Yixing Dongchen Electronic Technology Co., Ltd.The company was founded in December 2009, registered capital (Paid-in Capital) of 18 million yuan, mainly engaged in semiconductor, integrated circuit technology design, development, application, manufacture, sales and Self-and agent all kinds of goods and technology import and export business.　　Forecast from 2010 to 2012 EPS is 0.265,0.386,0.473, to the company 2011 30~35 Multiples, corresponding to the valuation range of 10.42~12.83, the proposed inquiry interval for 10.94~14.12.　　Purchase abbreviation: Tai Kang Livestock Purchase code: 002505 Purchase Time: November 08 (Monday) 9:30-11:30, 13:00-15:00 purchase price: 24.00 yuan/share, corresponding to P/e 87.01 times times Issue quantity: 26 million shares online: 20.8 million shares Purchase limit: 20,000 caps capital: 480,000 yuan, a single securities account to apply for the commission of not less than 500 shares, more than 500 shares must be 500 shares of the integer times November 09 Tuesday Capital Verification, online subscription number November 10 Wednesday online issue lottery, check rate announcement November 11 Thursday published Online check results announcement, the online purchase of funds to thaw the company is an agricultural industrialization as the core company. The company is mainly committed to pigs, piglets, fattening pigs and feed production and sales. The company has a unique "natural ecology + Convenient transportation" advantage, based on high-quality Pig Resources, original "Company + base + farmers + farmers" business model. The company has a stable regional market position, product radiation capacity is strong, with natural advantages, can not replicate the breeding base of pigs and piglets. The company was identified as the "leading enterprise of agricultural industrialization in Hunan province", "the first ten leading enterprises of agricultural industrialization in Hunan Province" and the Vice-President unit of Hunan Provincial Pig Association. The forecast of price interval of mechanism pricing forecast mechanism of institutional mechanism 18.4-20.7 yuan Donghai Securities Company's main business is pig, piglets, fattening pigs and feed production and sales. 2009, the company accounted for the number of live pig slaughter in Hunan province 0.3%, ranked second in the province. "Tai Kang Animal Husbandry (002505)" and "all benefits" brand brand in Xiangxi region has a certain influence, and in 2004 the first through the National Agricultural Ministry of Agriculture pollution-free agricultural products certification and provincial Agriculture Department of Pollution-free agricultural products origin certification. The forecast company 2010-2012 net profit is 35.3 million, 52.2 million and 69.7 million respectively, diluted after 2010-2012 year EPS respectively 0.46, 0.68 and 0.91. 21.6-25.2 yuan securities companies currently have 11 products and 60,000 tons of feed production line, including Hunan Province, the original propagation field of two, Hunan Province, a class of pig farms two. It is estimated that the company's 10 and 11 full diluted earnings per share of 0.45 yuan and 0.72 yuan. Related industries comparable to the listed companies 0The 9-year average price-to-earnings ratio is 50.6 times times, and the 10 average P/E is 39.1 times times. Taking into account the company's market advantages in Hunan province, as well as pig breeding, slaughter industry chain to improve the advantages of the company's 11 reasonable price-earnings ratio of 30 times times-35 times times, the company is expected to two market reasonable prices of 21.60 yuan-25.20 yuan, the proposed level of market inquiry for the interval of 19.44 yuan-22.68 yuan. 21.1-24.1 yuan Wanguo Xiangxi pig breeding leading enterprises, aquaculture scale expansion to promote rapid performance growth. The company mainly engaged in pigs, piglets, fattening pigs and feed production and sales, the existing 11 commodity pig farms to 1 annual output of 60,000 tons of feed production lines, 09 pig slaughter volume 163,000, accounted for that year in Hunan Province Pig slaughter Volume 0.3%, is the second largest pig farming enterprises in Hunan Province. It is estimated that the company 2010-2012 overall diluted earnings per share 0.43/0.60/0.79 yuan, three-year compound growth rate of 39%. Reference to a-share livestock industry Company 2011 Average 38 times times PE and business model and industry chain is the most similar young Eagle farming (002477) years 42 times times PE, to give the company 2011 35-40 Times PE, corresponding to the reasonable value range 21.1-24.1 yuan, the proposed inquiry interval 18.0-20.5 yuan. 20.46 Yuan Changjiang Securities Tai Kang Animal Husbandry Co., Ltd. is the largest pig farming enterprises in Xiangxi area, the main business for pigs, piglets, fattening pig and feed production and sales. From 2007 to 2009 the annual compound growth rate of the company's sales revenue was 65.63%. Company's product sales market is mainly concentrated in the company's location Huaihua surrounding areas. At present, China's pig farming industry presents the characteristics of "small, scattered, miscellaneous", large-scale pig farming is difficult to create reasonable economic benefits, to solve the problem of large-scale pig farming enterprises will become the industry leader in the future. The earnings of the company are estimated to be 0.39 yuan, 0.54 yuan and 0.72 yuan per share in 2010-2012 years respectively. Relative valuation of the reasonable inquiry interval in 18.33~21.45 yuan/share. The absolute value of the company's stock is about 20.46 yuan/share. 22-24.7 Yuan Qilu securities Hunan Great Kang Animal husbandry is engaged in pig, piglets, fattening pigs and feed production and sales of private enterprises. The company is located in Shansi, breeding natural conditions superior, difficult to replicate; the company's market share in the Hunan market is 0.3%, the space is huge. Before the issuance of the company's total share capital of 76.8 million shares, the proposed distribution of 26 million shares, the actual control before and after the release of the chairman of Mr. Chen Liming. It is estimated that the company's income of 2010-12 years is 384, 529, 745 million yuan, the growth rate is 35%, 38%, 41%, the owner of the parent company net profit of 37, 56, 71 million yuan, the growth rate of 21%, 53%, 26%, corresponding EPS for 0.356, 0.544, 0.688 Yuan. The proposed inquiry interval is 15.73-17.91 yuan, listedThe first day price should be 22-24.7 Yuan. 22.42-23.6 yuan Everbright Securities in the near 3-year net profit is 11.07 million yuan, 29.57 million yuan, 30.2 million yuan, the compound growth rate is 65% respectively. The company continued to maintain high growth in the past 3 years, showing the rapid growth of enterprises, which benefited from the company's strong competitiveness. According to the issuance of the share capital, we estimate that the company 2010-2012 EPS is 0.46 yuan, 0.59 yuan and 0.92 yuan respectively. Taking into account the company's fundamental level, future capacity expansion and pig industry listed companies valuation situation, we believe that the reasonable value of the shares (002458) should be diluted after 2011 years 38-40 Times PE, the company is expected to two The reasonable price of the level market is 22.42-23.6 yuan, the proposed level of the market for the inquiry interval of 17.7-19.47 yuan, corresponding to 2011 30-33 times PE. 18-21.6 Yuan Zhejiang Business Securities Company's main business for pigs, piglets, fattening pigs and pig feed production and sales, with 11 commodity farms and 1 60,000 tons of feed production lines. The company is located in Xiangxi Huaihua, rely on the Chang-Zhu-tan and Pearl triangle area, convenient transportation, live pig sales location advantages. Company Pig Breeding base is located in Huaihua surrounding Xuefeng Mountain area, partial closure, conducive to epidemic prevention. 09, the Company's pigs, piglets and fattening pig sales were 39034 head, 51723 Head and 72014 head, up 70.9%,-8.6% and 120.4%. The company is expected to 10-12 EPS is 0.42 yuan, 0.72 yuan and 1.00 yuan, given 11 pe25-30 times, a reasonable valuation of 18.0 yuan-21.6 yuan. 24.05-28.6 Yuan Guotai Animal Husbandry Co., Ltd. is a company engaged in pig, piglets, fattening pigs and feed production and sales of private enterprises. The company currently has 11 farm products, to "Company + base + large farmers + farmers," the unique business model, mainly for the Hunan region for pork supply. "Company + base + Large farmers + farmers" production and management model. 300,000-scale eco-pig community construction and 400,000 pig slaughter and processing project is committed to build the company's entire industrial chain of pig production, considering the company's industry and regional market space is broad, help expand the company's scale to improve performance. The company is expected to 2010-12 EPS for 0.42/0.63/0.95 yuan, the proposed inquiry range is: 18.50-22.00 Yuan, the first day of the IPO pricing range is: 24.05-28.60 yuan. 16.99-20.38 Yuan Shanghai Securities Company's main business for pigs, piglets, fattening pigs and feed production and sales, currently has 11 of commercial pig farms and an annual output of 60,000 tons of feed production line, including Hunan Province, the original propagation field of two, Hunan Province, a class of pig farms two. Considering the valuation of listed companies in the same industry and the recent valuation of the listed company, it is prudent to conclude that the reasonable price of the shares is 16.99~20.38 Yuan.　　Comprehensive consideration of company fundamentals, valuation of the same industry companies and the recent valuation of new listed stocks, select the one or two-tier market 17% discount, the proposed inquiry interval for 14.10~16.91 yuan, corresponding to the 2009-year P/E range of 47.96-57.52 times times. Purchase abbreviation: Super Sun Purchase code: 002506 Purchase Time: November 08 (Monday) 9:30-11:30, 13:00-15:00 purchase price: 36.00 yuan/share, corresponding to P/e 58.06 times times issue quantity: 66 million shares online: 52.8 million purchase limit: 5 .20,000 cap capital: 1.872 million yuan, a single securities account for the commissioning of not less than 500 shares, more than 500 shares must be 500 shares of the integral times November 09, the Tuesday Capital verification, online subscription number November 10 Wednesday online issue lottery, check rate announcement November 11 Thursday published Online check results announcement, online subscription funds thawing company is a major production of various models, specifications of monocrystalline silicon, polycrystalline silicon solar modules and solar lighting new energy enterprises, the production of silicon solar modules more than 95% exports, best-selling Europe and the United States. 2004, the company was awarded the title of Shanghai High-tech Enterprise by Shanghai Science and Technology Committee, 2005 company Ground silicon Solar module received Shanghai key new product certificate; 2006 the company passed the TUV certification and IEC61215 certification, the ground with silicon solar cell components by the National key new product certificate. Currently has two wholly-owned subsidiaries: Shanghai Super-day (Luoyang) Solar Energy Co., Ltd. and Shanghai Super Day International Trade Co., Ltd., June 2007 successfully completed the domestic a-share of private equity before the IPO, October 12, the company changed to a joint-Stock Co., Ltd., into the listing guidance period. The forecast of the price interval of mechanism pricing forecast by the institutional mechanism 33.7-37.9 yuan Bohai Securities Company's main products include polysilicon modules and monocrystalline silicon modules, of which monocrystalline silicon module revenue accounted for more than 60%. As the industry chain is short, the first three years of the company's gross profit margin level in the industry medium level, 09 comprehensive gross profit margin of 23.76%, the future gross margin to enhance the space. The company is expected to achieve 2010-2012 EPS 0.84 yuan, 1.34 yuan and 1.83 yuan, reference can be compared to the company's valuation multiples, to give the company 2010 EPS 40-45 Times to reach the company's reasonable stock price range of 33.70-37.90 yuan. 29.51-33.73 yuan securities photovoltaic industry rapid development, crystal silicon batteries dominate. In recent years, countries have increased policy support, nearly a decade of PV installed capacity of 40% growth, is expected this year installed capacity of up to 15GW. In the new installed capacity, the crystalline silicon battery with its mature technology and cost advantages, occupy more than 80% of the market share, and will be in a long time dominate. Reasonable price range 29.51-33.73 Yuan. It is estimated that the company 10-12-year earnings per share of 0.84 yuan, 1.22 yuan and 1.49 yuan, to give the company 10, 35-40 times the corresponding P/E, reasonable value range of 29.51-33.73 yuan, the proposed purchase interval of 30-32 yuan. 30.5-34.32 Yuan Securities company is a relatively complete industrial chain of medium-sized crystalline silicon battery manufacturers. The performance of the company is influenced by the fluctuation of silicon material and battery price. The company main products for polysilicon, monocrystalline silicon solar module, 2010 first half of the income accounted for 38.67%, 61.33%, the gross margin of 48.48%, 51.52% is expected to 2010-12 annual business income, net profit of the annual compound growth rate is 22.99%, 46.86%, the company is expected to achieve 2010-2012 earnings per share of 0.76 yuan, 1.20 yuan, 1.64 yuan. Reference to the same comparable company's valuation level, given the company 2010 40-45 times the dynamic valuation is more reasonable, reasonable price of 30.50-34.32 yuan. 27.9-32.55 Yuan founder Securities Company is the first German TUV certification and international IEC certification of the domestic crystalline silicon solar module manufacturers, and obtain the United States UL certification, to become the industry in a small number of major solar cell applications in the market at the same time in monocrystalline silicon, Polycrystalline silicon solar Module field has been one of the three major certification companies. The company is expected to be diluted after the IPO 2010-2012 earnings per share of 0.93 yuan, 1.28 yuan 1.71 yuan. Comprehensive consideration of the company's industry belongs to emerging industries, has a larger development space and the company's own competitive advantage, that based on the company's 2010-year performance to give 30-35 times earnings ratio more reasonable. In accordance with the 2010 forecast earnings per share of 0.93 yuan, the company is expected to two market reasonable price of 27.90 yuan-32.55 yuan. 32-34 Yuan Guotai Company was founded in 03, is one of the earliest to engage in the production of crystalline silicon solar cells, the main products are monocrystalline solar modules and polysilicon solar modules. In the field of monocrystalline silicon and polysilicon solar module, the international TUV, UL and international IEC certification are obtained. The company is expected to 10-12 EPS for 0.68 yuan, 1.09 yuan and 1.46 yuan, compound growth rate of 31.27%. can give the company 11 30 times times PE, corresponding to a reasonable value of 33 yuan. The proposed inquiry interval of 26.5 yuan-28.5 yuan.