By China Galaxy Securities Co.Ltd.
- Jul 26, 2010
- Macroeconomic
Shanghai and Shenzhen stock market hit largest weekly surge last week, and turnover substantially increased; investors steadily held the position and market maintained strong trend.
The basic motivation of this rebound is investors’ obscure anticipation on relax policy regulation after the formation of rapidly falling economy trend.
As of following trend, institutional investors generally hold cautious attitude .......
By China Galaxy Securities Co.Ltd.
- Jul 19, 2010
- Macroeconomic
Since economic trend basically merges, short-term negative elements release and impetus of falling stock market is restrained to some extent; obscure anticipation on policies will help maintain market stability, yet different anticipations will restrain rebound space, thus it is likely to see market concussion and priorities should be given to structural opportunities.
Macro-economic reverse trend takes .......
By China Galaxy Securities Co.Ltd.
- May 25, 2010
Event
Recently, many domestic airports begin the construction of blank pipe automation standby system, and blank pipe automation market demand further enlarges.
Our Analysis and Estimation
Recently, many domestic airports begin to design and bid for blank pipe automation standby system; although it is only a design bid with not big sum, it shows that standby system construction .......
By TX Investment Consulting Co., Ltd.
- May 25, 2010
- Shanxi Lu'an Environmental Energy Development Co., Ltd.
1. 2009 production & sales amount of local four mines, exact quantity and structure of purchasing group and its subsidiaries (raw coal or salable coal);
2. Reason of production & sales amount change in 2010;
3. 2010 cost & expense plan (security expense adjustment);
4. Price status of salable coal since Q1 2010;
5. Latest progress of resource integration .......
By China Galaxy Securities Co.Ltd.
- May 25, 2010
- Datong Coal Industry Co., Ltd.
1. 2009 production & sales amount, exact sales structure (local sales proportion, export or not), corresponding price status, cost per ton and profit of local four mines;
2. 2009 production & sales amount of Tashan mine, sales structure (export or not), corresponding price status, cost per ton and profit;
3. 2010 production & sales amount, cost & .......
By China Galaxy Securities Co.Ltd.
- May 25, 2010
- Macroeconomic
Event
State Statistics Bureau releases average major food price change (from May 11 to May 20, 2010) and cost price of partial core industrial products of key companies (May 20, 2010) on May 24, 2010, which indicates that vegetable price further declines and prices of iron, cement, major nonferrous metals and chemistry products continue falling.
Our Analysis .......
By China Galaxy Securities Co.Ltd.
- May 10, 2010
- Xiamen C&D Inc.
Event
The company announced on May 8, 2010 that Xiamen C & D Group has increased holdings of 1,220,024 shares via Shanghai Stock Exchange on May 7, 2010. After that, the company’s holdings will be 574,340,024 shares, accounting for 46.199% of the total. Xiamen C & D Group plans to increase holdings through secondary market and .......
By China Galaxy Securities Co.Ltd.
- May 10, 2010
- Tsingtao Brewery Company Limited
Key Standpoints:
1. Brand structure upgrade is the main driving force for future long-term performance growth; increasing market share is the core driving force in longer term to decrease operating ratio in monopolistic pattern.
2. The company puts emphasis on operation (exterior) and management (interior), which not only boosts short & medium-term profitability, but also further consolidate .......
By China Galaxy Securities Co.Ltd.
- May 10, 2010
- Macroeconomic
With the heavy load of previous real estate industry adjustment, overseas market concussion causes continuous A-share decline last week. Investors hold negative view and number of listed companies with share price below offering price and net share value grows, some with better performance even see PE ratio below 10x; underestimation of blue-chip shares still exists. .......
By China Galaxy Securities Co.Ltd.
- May 10, 2010
- Machinery
Key Standpoints:
1. Industrial growing trend remains robust. In Q1 2010, Rmb2834.3bn sales income is realized within the whole industry, with year-on-year growth at 43.48%; of which, 1122.1bn is achieved in March 2010, with month-on-month growth at 41.33% and year-on-year growth at 38.13% respectively.
2. Construction machinery faces pressure of high position, growth in equipments like machine .......