Three opportunities to open up space brokers applauded to US oil Huibop

Spring, in the field of oil and gas processing has a unique advantage of the Huibop, the beginning of the rabbit in Beijing, Shanghai and Shenzhen launched an IPO site promotion, has been widely concerned.　　And the company chairman Huang Song "Do the Most valuable, do others do not, do the Chinese themselves, but also attracted a warm response to the scene, Huang said, 2011 will be Huibop rapid development year, in front of the company is, has a huge market potential of the three major opportunities.　　The three major opportunities to promote the first one is the acceleration of China's oil overseas strategy. In fact, as early as 2001, the oil industry XV plan proposed "to encourage domestic oil companies to go out" strategic approach to encourage participation in overseas investment projects. In such a context, the three major oil enterprises accelerated the pace of "going out", of which, PetroChina recently participated in the bid for the Iracrumaira, Hafaya and other fields of development and construction.　　Rumaila oilfield is expected to become the world's largest oil field (equivalent to 3 times times the annual production of Daqing), Hafaya oil field production is also comparable with the output of Daqing oilfield. Unprecedented opportunities will inevitably give huayou Huibop such a leading technology, continuous innovation and internationalization of the first advantage of national enterprises to bring huge market space. Data show that China oil Huibop 2003, after nearly 8 years of experience, complete sets of oil and gas treatment equipment, such as a variety of products have entered Kuwait, Iran, Iraq, Syria and other 15 major international oil-producing countries more than 20 oilfield projects.　　In the first half of 2010, Huibop's overseas business income also exceeded domestic business income for the first time, accounting for 51.59% of total income.　　The second is the surge in demand for environmentally friendly products. Enter "Twelve-Five" Oil production enterprise environmental protection pressure further increase, the oil and gas field mining environmental protection requirements are increasingly stringent, which gave birth to the oil field environmental protection system equipment market space. According to the current annual production of oily sludge in China, it is necessary to realize the harmless treatment and the crude oil recovery in the sludge requires more than 3.39 billion yuan investment scale. Only 50,000 tons/year of processing capacity of the fixed oily sludge treatment station will need to build more than 100, and the need for a large number of mobile oily sludge treatment equipment.　　If the investment is completed in 10 years, the market space of each year is 339 million yuan. At present, the oily sludge treatment technology and the automatic mechanical cleaning technology of oil tank are unique in China Huibop. 2008, the design of China's first to use automatic thermo-chemical mechanical separation of oily sludge treatment in Daqing oilfield successfully run; In 2010, the mobile sludge treatment station was developed and put into operation in Luoyang Petrochemical Company.　　2009 Financial Show, Huibop oil field environmental protection business income has reached 60.7965 million yuan, it is already the company's second largest source of income.　　The third is the huge demand for offshore oil and gas equipment. In the next 10 years, China will be built into a "deep sea daqing", the demand for marine equipment is huge, and the localization of equipment has become the general trend, the technical requirements of marine equipment is higher, which also makes the HUIBOP technology excellentPotential will be further recognized in the competition. The future prospects of a wide range of brokers bullish global oil Field Service industry revenues from the 1999 76.988 billion U.S. dollars to 2008 of 266.457 billion U.S. dollars, composite growth rate of 14.79%. China oil Huibop Business concentrates on the upstream and downstream of the oil Field Service, and the market of equipment and service of the ground system of oil and gas field, it is estimated that 2008 global market scale is about 167.137 billion yuan.　　The future of the market space is broad, for the long-term development of the company laid a foundation. Separation technology is the company's core technology, in addition the company's products also include automatic control technology, Jet technology, manufacturing technology, integration technology, modular technology and fluid distribution technology. Deep customer base is another advantage of the company: in the domestic market, the company has become the three major oil companies and their subordinate enterprises qualified suppliers.　　In the international market, closely follow the three major oil companies to "go out", the internationalization of development and technology as the driving force as the company's development strategy. Hua Oil Huibop has been listed imminent, then in the market plays an important role in the securities brokerage on its point of view? China Merchants Securities Research Report pointed out that the oil Huibop division domestic oil and Gas day development system solutions, the company is in a broad market space, we expect the future company will rely on technology + customer advantage to achieve rapid development.　　It is expected that the company 2010 ~2012 diluted earnings per share of 0.50 yuan, 0.78 yuan, 0.89 yuan, to give the company 2011 35~40 Times PE, the reasonable valuation interval for each share of 27.3 yuan ~31.2 yuan, recommended active purchase. Haitong Securities in the selection of a shares listed companies in the main products with Huibop some products close to Jerry shares, Jiang Drilling shares and the technology to do the reference, the selection of 33~37 times 2011 PE interval as a reference for the inquiry valuation more reasonable, get the inquiry range for 23.37~26.20 Yuan,　　Corresponding to 2010 years of PE for 48.43~54.30 times. At the same time, the brokerage is also more optimistic about the Huibop of the investment project. From the point of view of domestic market expansion, the completion of the investment project will enable the company to form a competitive independent processing capacity, improve the company's competitive position in the domestic market, and further broaden the company's business areas, and from the perspective of international market expansion, the completion of the investment project will further enhance the company's research and development strength and business scale, Enhance the competitiveness and visibility of enterprises, set up in the international oil and gas field equipment and technology service industry, national brand.