The new electronic debut of the Oriental Tower is difficult to show

Analysts believe that the new electronic listing trend today or better than the Oriental Tower Business reporter Limbe Oriental Tower (002545), the new Joint Electronics (002546) two board of public offerings today. Analysts are less bullish about the Oriental Tower, which has a 10.11% online rate. Analysts believe that the new joint electronic debut will be better than the Oriental tower, but also difficult to have a big market.　　However, the Oriental Tower's growth is better than the new joint electronics.　　Oriental Tower (002545) market share will further improve the Oriental Tower's starting price of 39.49 Yuan, Shanxi Securities gave a minimum forecast price of 35.4-41.3 yuan, Guotai gave the highest forecast price of 55-61 yuan. Shanxi Securities analyst Zhaohong optimistic about the future development prospects of the Oriental tower and the growth space of the industry. She said that the Oriental tower products are mainly used in national or local major projects related to the livelihood of the country, to undertake a number of large-scale classic demonstration projects, the company's main products steel structure and tower products, will fully benefit the downstream industry boom.　　The market share of the Oriental tower will be further improved after the investment project is put into production. Zhaohong estimated: "2010-2012 Oriental Tower to achieve net profit of 204 million yuan, 289 million yuan and 378 million yuan, diluted after the earnings per share of 1.18 yuan, 1.67 yuan and 2.18 yuan." Select a A-share listed companies engaged in steel structure and iron tower production of similar enterprises as comparable companies, 2010 P/E average value of about 35 times times, given the company valued 30-35 Times, the company's share price reasonable value range in 35.4-41.3 yuan, corresponding to the 2011 price-to-earnings ratio of 21-24 times. "Guotai researcher Hanchicheng that the future growth of the Oriental tower mainly from the thermal power plant, nuclear power plant, petrochemical, civil steel structure and other fields, is a rare field of development enterprises."　　The price range of the IPO is expected to be 55-61.9 Yuan.　　Haitong Securities and Zhongyuan Securities are given 36.44-42.77 and 40.75-52.16-yuan forecast interval respectively. New electronic (002546) total revenue growth to maintain the 40% new joint electronic distribution price of 33.8 yuan.　　Galaxy Securities gives the lowest forecast price range of 29.37-31.46 yuan, and Guotai gives the highest forecast price range of 52.44-55.2 yuan. Galaxy Securities analyst Sheyuan said that the new joint electronics will be through the collection of funds to consolidate the last three 230M private network terminals more than 20% market share of the dominant position, and the public net end market share from 2009 3% to 2010 10%, to 2015 to 30%.　　At the same time seize the collector market, and strive to increase the market share from 2010 to 3% to 2015 10%. "The forecast of the new joint electronic 2010-2012-year operating income is 297 million yuan, 389 million yuan and 493 million yuan respectively, the net profit attributable to the parent company is75 million yuan, 88 million yuan and 116 million yuan, corresponding earnings per share of 0.9 yuan, 1.05 yuan and 1.38 yuan. "Sheyuan forecast:" Combined with the valuation of the company in the A-share market comparable companies (002121) and Hao Ninda (002356), the new electronic reasonable 2011-year P/E value is 28-30 times, the corresponding reasonable valuation interval is 29.37-31.46 yuan. "Guotai researcher Kangkai believes that the new joint electronic advantages of prominent, optimistic about the company's private network and public network terminals." "The total share of the new electronic network terminals was increased from 13% in 2007 to 2010 years prior to the three quarter of the 29%,230m network and the public net accounted for up to 86%." "Kangkai Analysis said:" Consider the industry in the future microbicides to maintain the growth of 30%, the new joint electronics in the 230M network terminals to maintain 30% share in the public net terminal share from 10% to 20%, then the overall revenue can maintain around 40% growth. The net profit of the new joint electronic 2010 and 2011 is 82 million yuan and 117 million yuan respectively, and the earnings per share after the dilution are 0.98 yuan and 1.39 yuan respectively. The reasonable price range after listing is 52.44-55.2 yuan. "Dongguan Securities, ethnic Securities and Haitong Securities are given 32-34 yuan, 38-44 yuan and 34.2-39.9 yuan forecast price."