Expert analysis: Mao Department store sales value attraction

Hong Kong stocks are now a typical capital city, the funds can go fast, plus the Hang Seng index has now risen nearly 250 days line 17,453 points, even if the short-term rise, the level of 18,000 points will also become psychological resistance, there is a certain risk of high pursuit. Share recommendation: Mao Industry International (0848) in South China and Southwest affluent areas operating department stores, in 10 cities operating 19 stores, including 10 Mao brand stores and 9 into the merchandise brand stores, chain stores covering South China, east China, north China, southwest four regions. Last year, profits rose 24.9% to 521 million yuan (the same below) (or 10.8 cents per share), the annual dividend reached 5.5 cents. The group plans to open 3 new stores in 09, which will boost profitability. In terms of valuations, the industry's price-to-earnings ratio is the lowest of its kind. 　　According to Bloomberg, the current 08 and 09 P/E ratios are 11.1 times times and 10 times times respectively, well below the 31.8 times and 27.9 times times of Parkson (3368). CNOOC (0883) in the first quarter of this year, income fell 41.9% to 13.95 billion yuan, mainly because of the sharp fall in oil prices, the oil price fell 53.2% to a barrel of 41.6 U.S. dollars. In the first quarter of this year, the oil price was only lower than the Brent oil price of about 3.6 U.S. dollars, compared to the 4th quarter last year about 7.8 U.S. dollars has narrowed. Total net output increased by 15% to 567,000 barrels of oil equivalent per day year-on-year. International oil prices have rebounded to 56 U.S. dollars recently, and the performance of CNOOC in the 2nd quarter will be significantly improved. The group says 10 new projects will be put into production in 09, with output expected to reach 2.25 to 231 million barrels of oil equivalent. In the future, CNOOC will benefit from higher oil prices and higher production.