20170313-兴业证券-Weekly_A-share_Market_Recommendations_13页_380kb

Weekly A-share Market Recommendations Summary

Core Content Overview

This document presents the weekly A-share market recommendations from the Industrial Securities Research Institute, dated March 13, 2017. It includes detailed financial forecasts, investment highlights, and potential risks for multiple listed companies across various sectors. Each company is analyzed with its EPS projections, market data, and strategic outlook.

Top Stock Recommendations

Key Investment Highlights

Yuan Longping High-tech Agriculture (Agriculture Sector)

• New product launches are expected to boost earnings.
• EPS forecast: CNY 0.48 (2016), CNY 0.62 (2017), CNY 0.84 (2018).
• Valuation is at historical low, with limited downside risk.
• Risks: Weather uncertainty, grain price fluctuations.

COSCO Shipping Holdings (Transportation Sector)

• Container transportation industry is recovering.
• EPS forecast: CNY -0.97 (2016), CNY 0.36 (2017), CNY 0.47 (2018).
• Rating revised to BUY.
• Risks: Sluggish demand, fewer ships, competition, trade protectionism, oil price increases.

Huadong Medicine (Pharmaceutical Sector)

• Leading manufacturer of endocrine drugs and immunosuppressors.
• Strong sales force and competitive product mix.
• EPS forecast: CNY 2.86 (2016), CNY 3.53 (2017), CNY 4.28 (2018).
• Rating: STRONG BUY.
• Risks: Lower-than-expected sales, slower R&D progress.

Hangzhou Everfine Photo E Info (Computer Sector)

• Strategic focus on AR, IoT, and big data.
• Biometric recognition technology is widely applied.
• EPS forecast: CNY 0.31 (2016), CNY 0.87 (2017), CNY 0.99 (2018).
• Rating: BUY.
• Risks: Intensifying competition, M&A failure.

Great Wall Motor (Automobile Sector)

• Strong performance in domestic-brand SUVs.
• Plans to expand in the CNY 100,000–150,000 vehicle market.
• EPS forecast: CNY 1.1 (2016), CNY 1.32 (2017), CNY 1.45 (2018).
• Rating: BUY.
• Risks: Sharp industry slowdown, price wars.

Wanhua Chemical Group (Chemical Raw Materials Sector)

• Diversified into polyether, surface materials, ADI, and specialty amines.
• Strong growth in new business divisions.
• EPS forecast: CNY 1.49 (2016), CNY 1.88 (2017), CNY 2.35 (2018).
• Rating: BUY.
• Risks: Slow downstream demand recovery, raw material price volatility.

TBEA (Electric Equipment Sector)

• Proven track record in electric equipment and engineering.
• Strong involvement in the OBOR initiative.
• EPS forecast: CNY 0.64 (2016), CNY 0.76 (2017), CNY 0.98 (2018).
• Rating: BUY.
• Risks: Revenue recognition from overseas projects.

China National Chemical Engineering (Construction Sector)

• Engineering construction and design are core businesses.
• Overseas orders have grown significantly.
• EPS forecast: CNY 0.44 (2016), CNY 0.55 (2017), CNY 0.68 (2018).
• Rating: BUY.
• Risks: Slow macroeconomic growth, overseas market risks, delayed projects.

Shandong Hualu Hengsheng Chemical (Fertilizer Sector)

• Strong growth in downstream products.
• Focus on traditional business upgrades and clean production.
• EPS forecast: CNY 0.7 (2016), CNY 0.88 (2017), CNY 1.22 (2018).
• Rating: STRONG BUY.
• Risks: Downstream demand slowdown, raw material price fluctuations.

Bank of Nanjing (Banking Sector)

• Fixed-income products are a major asset.
• Clients include local governments and SOEs, reducing loan risk.
• EPS forecast: CNY 1.44 (2015), CNY 1.74 (2016), / (2017).
• Rating: BUY.
• Risks: Systematic banking risks.

Summary of Key Sectors

Disclaimer and Information

• The report is issued by Industrial Securities Research Institute.
• The views expressed are based on research and analysis, and are subject to change.
• The report is intended for clients only and not for unauthorized receivers.
• All data and forecasts are based on public information and are for reference only.
• No part of the report may be copied or redistributed without prior consent.