Military unit previews potential ten dragon stocks in the future

Military unit Rehearsal 2009, in the year of the Ox head of the small spring market, the people's eyes chasing the new energy concept shares of the turn of speculation, but few people noticed that, along with the aircraft carrier, military exercises, military parade and other themes, the concept of industry has quietly started a wave of rising market. From January 5, 2009 to May 11, the military sector stocks on average rose 77.32%, far higher than the same period of 37.17% of the Shanghai Composite Index. Of the 52 military stocks, 41 have risen more than 50% and 10 have risen by 100%. Among them, the Northern International (000065.SZ) to 238.76% of the period of increase, boarded the top of the military stocks, Xiang Electric shares (600416.SH) and Xinhua Light (600184.SH), respectively, 165.21%, 156.44% of the increase ranked 二、三位.　　has completed some of the military assets injected in the Army photoelectric (600435.SH), the last six months is out of the market trend, independent out of the rise of nearly 4 times times the military stocks myth market.　　Behind the rise, is the dragon latent investment logic. With the acceleration of China's world, China's international status and international interests are getting more attention, China must be matched with a strong defense force to ensure that.　　The increase of military expenditure, the informatization of military development, the acceleration of armament escalation and the securitization of military assets will surely give birth to a strong military capital plate. At the same time, the current listed military enterprises are basically small scale, small market type, and the overall market share of the whole A-shares than the school on the May 11, 2009 closing price calculation, the military plate total market value of 374.426 billion yuan, accounting for a share of the total market value of 1.78%.　　In the determined industry growth background and capital integration path selection, it can be foreseen in the next few years, there will be more high-quality assets into the military listed companies, will emerge more "in the military photoelectric" and "Northern International."　　Looking at the longer time and more space, the military stock market, perhaps just beginning to rehearse. Industry background military increase trend of military development informatization to build a strong national defense army, we must have enough military expenditure as the economic base, has the superior combat power of modern weapons and equipment to do the backing, the United States is a good example. At present, China's defense policy is tilting towards these two core elements.　　The trend of increasing military expenditure has been formed, and the direction of informatization and mechanization of national Defense Forces has been established.　　Military expenditure is the cornerstone of the development of the national army, a country to become a powerful nation, without a strong army to do the protection is not feasible, and there is not enough military support, there is no strong military.　　Recently, China's defense expenditure has once again become a topic of concern to the world. In 2009, China's defense budget was 480.686 billion yuan, an increase of 62.482 billion yuan from last year's budget, a growth rate of 14.9%, and the defence budget accounting for 6.3% of the national budget, compared with previous years.Decline。　　Even so, foreign media are still nervous, Reuters quoted the words of experts said, "China in the global economic crisis still maintain this level of military spending is surprising." Since the late 90, the average growth rate of China's defense budget in the last 10 years has reached 16.2%.　　Compared with other countries, whether absolute or GDP, China's military spending level is still low. Russia's 2009 military budget will grow from $40 billion trillion in 2008 to $50 billion trillion, up 25.7%. According to a 3-year military budget plan, Russia's military spending will grow to $54.5 billion in 2010 and $58 billion trillion in 2011.　　In the last 3 years, India's military spending has grown at an average annual rate of 18%, and its future plans are quite large. Chinese military experts says Peng Guangqian interpretation that China's military growth is compatible with changes in the international military environment, especially now that China is increasingly engaged in global military cooperation.　　To be sure, next year, China's military spending will increase.　　In order to have a strong fighting force, we must have advanced weapons and equipment, for this reason, information and mechanization has been identified as the development direction of our military. This January, our government issued the "2008 China Defense" white paper.　　The White paper pointed out that China's weapons and equipment construction adhere to the service of the National Development Strategy, security strategy, the development of a suitable future information technology to combat weapons and equipment.　　Chen Zhou, a researcher of the PLA Military Academy of Sciences and a writer of the National Defense white Paper, said that compared with developed countries, the mechanization of the Chinese army has not been completely completed, and it faces the challenge of informatization, so it is necessary to combine mechanization with informatization. In the direction of information technology, the future military information equipment will become the focus of national defense investment, its growth rate is expected to reach more than 17%. Army class construction has boosted the military equipment upgrade, in which the army will accelerate the development of Army aviation, light mechanized and information counter forces, focusing on strengthening the construction of tactical missile, Ground-to-air missile and other troops. The Navy built new domestic submarines, destroyers, frigates and aircraft.　　The Air force speeds up the transformation from the Land air defense type to the attack and defense type, enhances the reconnaissance early warning, the aerial attack, the air defense anti-missile and the strategic delivery ability.　　Investment logic Integration anticipation equipment upgrade with the improvement of the big environment and the good news, the military unit has now started to enter the era of value investment by the low performance and the near-bankrupt situation. First of all, under the defence strategy of active defence, IDF fees are increasing every year. Although compared with developed countries, our country's IDF fees are not high, but its annual trend of increase will not change, which will effectively promote the development of the defense industry, and related to the listed companies, will also benefit from a lot.　　In particular, in the near future, with the trend of the South China Sea complex, and the need to protect the safety of shipping materials, the next naval investment will be greatly increased. Secondly, informatization is the future direction of development. China'sThe Navy, the Army, the Air Force and the aviation industry will face better development opportunities, and the company that manufactures the related weaponry will benefit from it. Finally, the most important thing is that after the establishment of the asset securitization route of the military reform, the related military industry group is injecting the core assets into the listed companies.　　As in 2007, the group will inject the related business assets into the West Fly International (000768.SZ), so that the West Fly international asset quality has been greatly improved, similar operations will become the military assets of the general movement of integration, which will bring considerable imagination to the capital market space.　　Under the background of the era of value investment, the investors can grasp two main lines, that is, the upgrade of weapon equipment and the expectation of asset integration. Upgrading of weapons and equipment.　　With the information and mechanization is determined as the development direction of China's national Defense Forces, the future of information equipment and high-end equipment manufacturing industry will benefit from it. In the field of army equipment, Army aviation, light mechanized and information counter forces, as well as long-range rockets will become the focus of future development, the production of relevant equipment listed companies will benefit from it.　　such as the production of helicopter-oriented Hafei shares (600038.SH), the provision of information equipment, four-creation electronics (600990.SH), the production of long-range rockets in the military photoelectric, may directly benefit. In naval equipment, the future construction of large ships and aircraft carriers will be a direct and effective means to strengthen our naval forces. Galaxy Securities research reports that the production of gas turbine aviation Power (600893.SH), the provision of electronic components, such as Avic optoelectronic (002179.SZ) and other related to the listed companies, will benefit from it. And the market has been considered to be able to benefit from the construction of aircraft carrier shares (600072.SH), China Ship (600150.SH) and Guangzhou International (600685.SH) 3 listed companies, in fact, mainly civilian vessels, and no military ship business, the possibility of profit is very good in aerospace, Large aircraft construction and space high-resolution Earth observation systems will be an important development direction.　　For this reason, the listed companies that can obtain orders from large aircraft, as well as the development of satellite-dominated listed companies such as China Satellite (600118.SH) will benefit a lot from this.　　The asset integration of military stocks is expected to be another major logical line of investment. The National defense white Paper points out that China will accelerate the transformation of the military enterprise system, steadily promote the joint-stock reform of the military enterprises, and focus on supporting the enterprises with the conditions of the overall restructuring listed.　　The above statement accords with the integration of aviation industry assets and the development strategy after the establishment of the new Avic group, and also shows that the military group will continue to make strides in the professional integration and capitalization operation.　　It is estimated that the military enterprises in the next 3 years direct financing or more than 50 billion yuan, 5 years or so will be the basic completion of the company system reform, of which the AVIC Industrial group may be listed next year. As early as a few years ago, government policy makers had recognized the need to make full use ofCapital market, bigger and stronger defense industry, the original Costind in 2007, including the "Military enterprise joint-stock reform implementation of the interim measures," including a number of policies and regulations, military enterprises asset securitization has no legal obstacles. 2007, the West Flying Group to the relevant business assets into the West Fly International (000768.SZ), creating a military assets into a listed company precedent.　　Since then, the pace of military assets into listed companies has begun to accelerate. November 2008, the New China Aviation Industry Group was established, its several companies announced restructuring plan, the pace of military restructuring further accelerated.　　such as St Aerospace (000738.SZ), has announced that it will inject including West Control company, long air liquid control, Guizhou Red Forest, Beijing Changfeng and other aero-engine control system assets, become the only one engaged in the development and production of aero-engine control system sales enterprises.　　In addition to the China Aviation industry Group of its listed companies to inject assets, the Ordnance Industry group also accelerated the pace of the 10 listed companies to inject assets, is currently implementing the reorganization of the Middle-e (600435.SH) and New Wakong (600184.SH). Jiangnan Securities and military industry researcher Shuai first predicted that the future of China's 10 major military defense groups will accelerate the pace of asset injection to varying degrees. such as AVIC industry's Hafei shares (600038.SH), aviation Power (600893.SH), particularly noteworthy is the group's defense companies listed companies Hongdu Aviation (600316.SH), integrated (002190.SZ). The recent annual flood Air report said that it had abandoned its original directional issuance program.　　The abandonment means that it will accelerate the integration of its defence companies, and it is highly likely to inject assets such as owl dragons and 10.　　This year, the military stocks rose Top 10 serial number stock code stock name May 11, 2009 closing price (Yuan) January 5, 2009 closing price (yuan) interval price (%) 1 000065 North International 20.36 6.35 238.76 2 600416 the Hunan Electric shares 19.44 7.99 165.21 3 600184 Xinhua Light 21.08 9.04 156.44 4 000961 Dalian Jinniu 11.85 4. 91 146.36 5 600480 Lingyun shares 10.12 4.38 140.95 6 600459 You research platinum industry 20.15 9.37 136.5 7 6,009,904 Create electronics 23.41 10.26 135.27 8 002013 Machine 13.43 6.59 119.44 9 600590 Tai Hao technology 10.57 5.48 112.24 10 600063 Wan Vigau 10.21 5.04 111.82 this year after the military stocks have risen10 Serial number stock code stock name May 11, 2009 closing price (Yuan) January 5, 2009 closing price (yuan) range price (%) 1 600495 jinxi axle 18.39 18.57 4.66 2 002111 Weihai Guang tai 15.68 14.01 21.15 3 600118 China satellite 18.6 18.56 26.1 4 600343 Space Power 10.1 7.96 34 .84 5 002080 Sinoma Technology 27.89 21.77 37.45 6 600523 Your shipping shares 12.71 39.67 7 600967 North Venture 9.62 7.24 40.02 8 600316 Hong du airlines 19.68 14.26 45.23 9 000898 Angang shares 10.33 7.52 48.63 10 600879 rocket shares 12.91 9.54 48.9 interval: 2009.01.05-2009.05.11 data source: Poly Source Data Market Strategy 80% + more resistant　　Heart Waiting for the dragon by restructuring expectations, the increase in IDF fees, the Sea parade, the construction of aircraft carriers, 60 anniversary of the National Day Parade and other good news impact, military stocks from the beginning of this year has set off a small bull market. January, the military stock trend is strong.　　To civil radar and its supporting products for the main four-gen electronics (600990.SH) rose from January 5 to January 23, rose to 45%, the same period in the photoelectric (600435.SH) of the increase also as high as 31%.　　February, affected by the 2009 China Defense budget growth of 14.9% news, the military shares continued to follow the strong momentum of January, which Lingyun shares (600480.SH) in January rose on the basis of the rise again 43%.　　March, affected by China to build aircraft carrier news, the military sector related stocks continue its strong trend. From January 5, 2009 to May 11, the military sector stocks on average rose 77.32%, far higher than the same period of 37.17% of the Shanghai Composite Index. Of the 52 military stocks, 41 have risen more than 50% and 10 have risen by 100%. Among them, the Northern International (000065.SZ) to 238.76% of the period of increase, boarded the top of the military stocks, Xiang Electric shares (600416.SH) and Xinhua Light (600184.SH), respectively, 165.21%, 156.44% of the increase ranked 二、三位.　　has completed some of the military assets injected in the Army photoelectric (600435.SH), the last six months is out of the market trend, independent out of the rise of nearly 4 times times the military stocks myth market. After a round of small spring market, the current military plate roseThe amplitude is already too high and there is greater pressure on valuations. "At the moment the price of the military sector is already higher than the valuation level, and most analysts ' research reports have changed to a neutral rating for the military industry, which is mostly considered to be on the high side."　　Li Jun, a researcher at the East China Sea Securities Industry, said that several of the companies he had been looking at were now being dug up by the market. CIC Securities and military industry researcher I also think that the plate due to the early increase in the current valuation is generally high, further upward pressure is greater.　　In terms of its asset restructuring expectations, it has been reflected in share prices from the earnings ratio.　　To this end, investors should now let the previous surging mood calm down, calmly analyze which listed companies will benefit from the major changes in the industry, patiently waiting for the future of the military plate in the Dragon Sea.　　The military plate "golden Dragon" can be found in accordance with 3 clues. First of all, the early increase in the Small military defense unit.　　The overall rise in the military sector is close to 80%, but some military stocks have been lower, and there may be a chance of a rise in the latter, such as the Chinese Satellite (600118.SH) from January 5 to May 11, the rise was only 26.1%. Second, to benefit from the upgrading of weapons and equipment and information development trend of the company. such as the military photoelectric long-range rocket business has a good development prospects, and will become the company's main source of profit. Company Rocket products cover 70km, 150km and 300km3 models, 70km model products have been mass-produced and equipped with troops, 150km model products in addition to equipping our army, but also has a good export prospects.　　Helicopter manufacturing industry as the main Hafei shares, bearing the domestic major civilian-military helicopter production tasks, the company will be from the future boom in helicopter industry benefited quite a lot. Third, there will be a listed company with strong asset injection expectations in the future. The future of the military industry in the possibility of asset restructuring listed companies are: Ordnance Industry Group's Northern International (000065.SZ), Lingyun shares (600480.SH), Aerospace Science and Technology Group's Aerospace Communications (600677.SH), Aerospace Changfeng (600855.SH) Nuclear industry Group's nuclear Technology (000777.SZ), electronics group's four-record electronics (600990.SH) and so on.　　These existing assets into the expected listed companies, may become the future soaring of the Sea Dragon. The future of the military concept of the potential ten Dragon stocks China Satellite (600118.SH) this year, China's satellite growth is much lower than the military stocks, the average increase in late or the opportunity to raise.　　The company is currently the only satellite manufacturing company in the listed companies, in the competition between small satellites and micro-satellites, the future will remain a monopoly for quite a long time. The rocket shares (600879.SH) The rocket shares is the domestic aerospace key electronic supporting product production enterprise, has the technology leading advantage in the aerospace measurement and control field, is in the industry monopoly position. The company is the aerospace business platform under the China Aerospace era Electric subsidiary, but the space age holding ratioOnly 20.34%, the future is highly likely to expand the shareholding by injecting assets. Hongdu Aviation (600316.SH) Company's main products K8 aircraft with advanced technical performance and a number of innovative technology, its comprehensive performance is superior to the current international similar trainer, has a strong international competitiveness.　　The company participates in the development of the L15 (Falcon) advanced trainer is expected to enter the mass production stage, the future market potential is huge. West Fly International (000768.SZ) Asset injection is the future of the international West flying a big aspect.　　With the establishment of China Airlines transport company, and AVIC Industrial group proposed within 3 years to achieve 80% assets and business listing, 5 years of the overall listing of the target, the company became the Avic Industrial group's transport aircraft assets listed operating platform is highly likely. Power source Hydraulic (600765SH) 2007, the company has injected into the original one group of heavy machinery assets, established the aviation heavy machinery assets integration platform status. At present, the company has entered two additional injection assets and technical transformation of the expansion stage.　　With the integration of one or two airlines into AVIC Industrial group, the force source hydraulic pressure will be a broader space for asset consolidation. Aviation Power (600893.SH) aero-engine is the domestic large aero-engines manufacturing base enterprises, the company's production of gas turbines or will be built by China's future aircraft carriers, which will greatly improve the company's market sentiment.　　At the same time, companies involved in large aircraft projects, the future will benefit from it. China military Photoelectric (600435.SH) in the large shareholder quality assets injected, the company's profitability significantly increased, and the recent major shareholders on the company's performance growth has made a commitment to strengthen the market for the company's future performance expectations.　　At the same time, the company's long-range rockets business will have good prospects for development and become the company's main source of profits. Hafei shares (600038.SH) Hafei shares is China's first batch of aviation manufacturing enterprises, but also one of the two major helicopter manufacturers, bear the domestic main civilian-military helicopter production tasks, the company will benefit from the future boom in helicopter industry.　　At the same time, the company is also an important player in the large aircraft project, will also be a piece of soup. Four-Chong Electronic (600990.SH) radar is the company's most core competitive products, the highest level of gross interest rates, "Eleven-Five" period due to the military and civilian use of the market for weather radar demand for growth, as well as the company's strong competitiveness in the industry, will bring the company development space.　　At the same time, the company's electronic information equipment or will become a future aircraft carrier. Baosteel (600019.SH) construction of aircraft carriers and large warships will require a large number of special steel, although it is not known which steel companies can produce such special steel, but there are reports that China has such a production technology. As a leader in the domestic steel industry, Baosteel shares the possibility of mastering this technology.