Chengdu Dr. Peng Technology (600804): Layout Completion of Three Major Business

  • Contributor:TX Investment Consulting
  • Date:May 29, 2008
  • Price:$20.00
  • File Type: Adobe Acrobat Reader®
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Excerpts:

Security business of the company is following the example of a Japanese company (the world's largest electronic security company), where users enjoy the company’s security services as well as monitoring hardware and software and the company is responsible for installation, use and maintenance. Main users are public security departments and service income comes from the rental income of each control point. 08-09 EPS is expected to be 0.49 yuan and 0.75 yuan respectively. Without consideration of equity incentive, 08-09 EPS will be 0.73 yuan and 0.99 yuan with the corresponding dynamic price-earnings ratio at 26x and 19x. "Overweight" rating is reiterated.


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