Zheng Coal machine has a price of 18.6 yuan to 20 yuan

Wang June Zheng Coal Machine 19th announcement, its initial public offering a-share price range of 18.6 yuan/share-20 yuan/share, corresponding to the 2009 diluted earnings ratio of 20.98-22.56 times times. Earlier, Ping an securities analyst gave 18-24 Yuan valuation range, the author thinks that the integration of small coal mines, high-end products, substitution demand, extension of industrial chain and overseas market development will be the opportunity for Zheng Coal machine to grow in the future, and predict that 2010, 2011 and 2012 earnings per share are 1.2 and 1.42 respectively. 1.62 Yuan.　　Andrew Securities analyst gave 19.6-21.8 yuan valuation range, that Zheng is the industry's leading enterprises, market share in the short term difficult to shake, and taking into account the relatively short service life of hydraulic support, facing the demand for updates, it is expected in the next three years the company's revenue growth in more than 20%. July 20 for Zheng Coal machine online funds requisition day. (Wang June)