Horse racing industry: Regional cement faucet is expected to oversold rebound

Sina tip: This article belongs to a stock comment column, only for securities consultants on the relevant stocks or plates of personal views and analysis, and informal news reports, Sina does not guarantee its authenticity and objectivity, investors operate on the basis of risk.　　For accurate information about the unit, please refer to the Bulletin of the Shanghai and Shenzhen Stock Exchange.　　Times New Consulting Guo Dapeng Company is a leading enterprise in Ningxia Autonomous Region cement industry, in the regional market has a strong market competitiveness, and Sinoma group into the company, the future is expected to be the company to create a first-class large-scale cement enterprise groups. Horse racing industry cement is mainly used for infrastructure construction, the proportion of the real estate sector is very small, because the Ningxia region fixed assets investment growth rate of more than 40%, significantly higher than the rest of the country, so that the regional cement market to maintain a vigorous situation.　　The future of the country to increase infrastructure investment and Ningdong energy base accelerated construction, Ningxia region is still expected to maintain the rapid growth of fixed asset investment. Large-scale building materials central enterprises in the stock by controlling the company's major shareholder Ningxia building materials to become the company's actual control, planning the development goal of horse racing industry: to 2010 cement production capacity reached 15 million tons. Horse racing industry currently has 5.7 million tons of cement production capacity, accounting for more than 50% of the total capacity of Ningxia, the region 85% of the new dry production capacity by the company control. Because Ningxia market space is limited, to realize the development goal, the horse racing industry must extend the cement industry to the Ningxia region.　　2008, the company has been in Gansu, Qinghai two cement capacity layout, the company also plans to be adjacent to Ningxia in Inner Mongolia Wuhai a new 2500t/d cement production line. Company in Ningxia market share of about 50%, 2010, the company's cement production capacity has increased significantly. It is estimated that 09, 10 cement effective production capacity reached 5.2 million tons, 7.5 million tons, the growth rate of 4%, 44% respectively. The company has the advantage of low cost of coal electricity, in addition to the regional cement supply is tight, the price is strong, the company 08 three quarterly sales gross profit margin ranked top of the listed cement companies, sales net interest rate pulled the top (up to 20%); Because of the 09, 10 cement supply will continue to be tight, plus the company in Ningxia's leading position, It is expected that the future company can still maintain a high sales margin, sales net interest rate. In addition, the company's contribution to waste heat generation is getting bigger.　　According to the plan of the waste Heat power generation project which has been put into operation and started, it is estimated that the saving cost of waste heat power generation in 08, 09 and 10 is 3.75 million yuan, 12.5 million yuan and 22.5 million yuan respectively, which accounted for 87 million Yuan 4.3%, 14.37% and 26% of the net profit of 07 company. Second-tier market, the unit recently showed a reduction in the trend, the volume price with good, today, the shares of a small low open, intraday shocks higher, stock prices in the 120 daily line near the strong support, short-term the stock is expected to end the correction trend to regain upward, investors can focus on.