20160512-招商证券_香港_-Morning_Express_12页_1mb

What to Watch Summary

Core Content Overview

This document provides a comprehensive summary of economic data, company events, and research coverage for various sectors as of May 12, 2016. It is structured to highlight key financial indicators, upcoming reports, and analyst ratings for different industries.

Economic Data Highlights

• Euro zone:
  • Industrial Production YY: Prior 0.80%, Forecast 1.10% (Date: 2016/05/12)
• US:
  • Import Prices MM: Prior 0.20%, Forecast 0.20% (Date: Not specified)
  • Export Prices MM: Prior --, Forecast -- (Date: Not specified)
  • Initial Jobless Claims: Prior 274k, Forecast -- (Date: Not specified)
• Germany:
  • GDP Flash QQ: Prior 0.30%, Forecast 0.60% (Date: 2016/05/13)
• Euro zone:
  • GDP Flash Estimate QQ: Prior 0.30%, Forecast 0.60% (Date: Not specified)
• US:
  • PPI Final Demand MM: Prior -0.10%, Forecast 0.30%
  • Core PPI Final Demand MM: Prior -0.10%, Forecast 0.10%
  • Retail Sales MM: Prior -0.40%, Forecast 0.50%
• China:
  • Urban investment (ytd)yy: Prior 10.70%, Forecast 10.90% (Date: 2016/05/14)
  • Industrial Output YY: Prior 6.80%, Forecast 6.50%
  • Retail Sales YY: Prior 10.50%, Forecast 10.50%

Company Events

• 2016/05/12:

  • Power Assets Holdings Ltd. (0006 HK): INT DIV
  • United Company RUSAL Plc (0486 HK): 1ST QTR RES
  • Yue Yuen Industrial (Holdings) Ltd. (0551 HK): RES
  • Semiconductor Manufacturing International Corporation (0981 HK): RES
  • Weiye Holdings Ltd. (1570 HK): QTR RES
  • AAC Technologies Holdings Inc. (2018 HK): 1ST QTR RES
  • Pou Sheng International (Holdings) Ltd. (3813 HK): RES
  • Sun Art Retail Group Limited (6808 HK): QTR RES
  • Orient Securities International Holdings Ltd. (8001 HK): 1ST QTR RES/INT DIV
  • Evershine Group Holdings Ltd. (8022 HK): 1ST QTR RES/DIV
  • Asian Capital Resources (Holdings) Ltd. (8025 HK): 1ST QTR RES/INT DIV
  • Global Mastermind Holdings Limited (8063 HK): 1ST QTR RES/INT DIV
  • KVB Kunlun Financial Group Ltd. (8077 HK): 1ST QTR RES/1ST QTR DIV
  • Grand Peace Group Holdings Limited (8108 HK): 1ST QTR RES/INT DIV
  • Creative Energy Solutions Holdings Ltd. (8109 HK): 3RD QTR RES
  • Hi-Level Technology Holdings Ltd. (8113 HK): 1ST QTR RES/INT DIV
  • China Eco-Farming Ltd. (8166 HK): 1ST QTR RES/INT DIV
  • Neo Telemedia Ltd. (8167 HK): 1ST QTR RES/INT DIV
  • China Information Technology Development Ltd. (8178 HK): 1ST QTR RES/INT DIV
  • IR Resources Ltd. (8186 HK): 1ST QTR RES
  • China Yu Tian Holdings Ltd. (8230 HK): RES/INT DIV
  • Dahe Media Co. Ltd. - H Shares (8243 HK): 1ST QTR RES
  • FDB Holdings Limited (8248 HK): 1ST QTR RES/INT DIV

• Additional Company Events (Thursday, May 12, 2016):

  • AGTech Holdings Ltd. (8279 HK): 1ST QTR RES/INT DIV
  • Gameone Holdings Ltd. (8282 HK): 1ST QTR RES/DIV
  • Shenzhen Mingwah Aohan High Technology Corp. Ltd. - H Shares (8301 HK): 1ST QTR RES/INT DIV
  • China Nonferrous Metals Co. Ltd. (8306 HK): QTR RES/DIV
  • Fire Rock Holdings Ltd. (8345 HK): QTR RES/DIV
  • Larry Jewelry International Co. Ltd. (8351 HK): RES/INT DIV
  • SDM Group Holdings Limited (8363 HK): RES/INT DIV
  • Lap Kei Engineering (Holdings) Ltd. (8369 HK): RES/INT DIV

Research Coverage List

Auto & Auto Parts

• Brilliance China (1114 HK): BUY, Share Price: HK$7.49, 12-month TP: HK$8.2, Mkt Cap: 4,876, EPS: 0.69, P/E: 8.7
• China ZhengTong Auto (1728 HK): BUY, Share Price: HK$3.04, 12-month TP: HK$3.5, Mkt Cap: 867, EPS: 0.29, P/E: 8.4
• Geely Automobile (175 HK): BUY, Share Price: HK$3.72, 12-month TP: HK$4.6, Mkt Cap: 4,240, EPS: 0.26, P/E: 11.5
• BAIC Motor (1958 HK): NEUTRAL, Share Price: HK$6.02, 12-month TP: HK$6.5, Mkt Cap: 5,831, EPS: 0.44, P/E: 9.4
• Great Wall Motor (2333 HK): NEUTRAL, Share Price: HK$5.68, 12-month TP: HK$7.0, Mkt Cap: 6,688, EPS: 0.88, P/E: 4.9
• Fuyao Glass (3606 HK): BUY, Share Price: HK$17.34, 12-month TP: HK$20.0, Mkt Cap: 5,611, EPS: 1.09, P/E: 12.7
• China Harmony Auto (3836 HK): BUY, Share Price: HK$4.25, 12-month TP: HK$6.2, Mkt Cap: 864, EPS: 0.39, P/E: 8.7
• Zhongsheng Group (881 HK): NEUTRAL, Share Price: HK$3.81, 12-month TP: HK$3.8, Mkt Cap: 1,055, EPS: 0.21, P/E: 14.5

Oil and Gas

• Sinopec Oilfield Service (1033 HK): NEUTRAL, Share Price: HK$1.55, 12-month TP: HK$1.5, Mkt Cap: 4,744, EPS: 0.01, P/E: 208.1
• China Oilfield Services (2883 HK): SELL, Share Price: HK$5.9, 12-month TP: HK$4.3, Mkt Cap: 3,632, EPS: 0.23, P/E: 8.1
• CNOOC (883 HK): BUY, Share Price: HK$8.95, 12-month TP: HK$10.7, Mkt Cap: 51,547, EPS: 0.45, P/E: 15.9

Property

• China Resources Land (1109 HK): BUY, Share Price: HK$17.9, 12-month TP: HK$23.8, Mkt Cap: 16,004, EPS: 2.59, P/E: 6.9
• Yuzhou Property (1628 HK): BUY, Share Price: HK$2.13, 12-month TP: HK$2.6, Mkt Cap: 1,048, EPS: 0.54, P/E: 4.1
• Country Garden (2007 HK): NEUTRAL, Share Price: HK$3.06, 12-month TP: HK$3.0, Mkt Cap: 8,916, EPS: 0.54, P/E: 5.5
• Agile Property (3383 HK): BUY, Share Price: HK$4.22, 12-month TP: HK$5.0, Mkt Cap: 2,132, EPS: 0.75, P/E: 5.6
• Greentown China (3900 HK): NEUTRAL, Share Price: HK$5.38, 12-month TP: HK$6.7, Mkt Cap: 1,500, EPS: 0.70, P/E: 7.7

Technology, Media & Telecom

• China Telecom (728 HK): NEUTRAL, Share Price: HK$3.75, 12-month TP: HK$4.19, Mkt Cap: 6,713, EPS: 0.25, P/E: 12.0
• China Unicom (762 HK): BUY, Share Price: HK$8.82, 12-month TP: HK$11.55, Mkt Cap: 27,246, EPS: 0.44, P/E: 15.5
• China Mobile (941 HK): BUY, Share Price: HK$86.0, 12-month TP: HK$112.4, Mkt Cap: 226,090, EPS: 5.30, P/E: 12.4

Hardware Technology

• Cowell (1415 HK): BUY, Share Price: HK$2.61, 12-month TP: HK$3.97, Mkt Cap: 280, EPS: 0.08, P/E: 4.2
• AAC Technologies (2018 HK): BUY, Share Price: HK$56.15, 12-month TP: HK$64.0, Mkt Cap: 8,895, EPS: 0.53, P/E: 14.6
• Coolpad (2369 HK): SELL, Share Price: HK$1.43, 12-month TP: HK$0.56, Mkt Cap: 792, EPS: -0.07, P/E: 20.4
• Sunny Optical (2382 HK): BUY, Share Price: HK$25.25, 12-month TP: HK$24.2, Mkt Cap: 3,573, EPS: 0.71, P/E: 28.5
• TCL Comm (2618 HK): NEUTRAL, Share Price: HK$4.83, 12-month TP: HK$5.27, Mkt Cap: 763, EPS: 0.36, P/E: 11.7

Pharmaceutical & Healthcare

• 3SBio (1530 HK): BUY, Share Price: HK$9.04, 12-month TP: HK$144.0, Mkt Cap: 3,042,131, EPS: 3.68, P/E: 32.2
• TRAD CHI MED (570 HK): BUY, Share Price: HK$3.57, 12-month TP: HK$55.69, Mkt Cap: 67,507, EPS: 0.34, P/E: 16.5

Bank

• ICBC (1398 HK): BUY, Share Price: HK$3.95, 12-month TP: HK$5.88, Mkt Cap: 181,607, EPS: 0.78, P/E: 4.1
• Minsheng (1988 HK): SELL, Share Price: HK$7.14, 12-month TP: HK$5.98, Mkt Cap: 33,605, EPS: 1.26, P/E: 4.5
• BOCOM (3328 HK): BUY, Share Price: HK$4.63, 12-month TP: HK$6.75, Mkt Cap: 44,355, EPS: 0.89, P/E: 4.2
• CQRCB (3618 HK): BUY, Share Price: HK$3.79, 12-month TP: HK$5.26, Mkt Cap: 4,547, EPS: 0.78, P/E: 3.9
• BOC (3988 HK): BUY, Share Price: HK$3.02, 12-month TP: HK$4.72, Mkt Cap: 114,688, EPS: 0.58, P/E: 4.2
• China Construction Bank (939 HK): BUY, Share Price: HK$4.72, 12-month TP: HK$6.9, Mkt Cap: 152,227, EPS: 0.92, P/E: 4.1
• CITIC Bank (998 HK): SELL, Share Price: HK$4.58, 12-month TP: HK$3.92, Mkt Cap: 28,912, EPS: 0.86, P/E: 4.3

Insurance

• AIA (1299 HK): BUY, Share Price: HK$43.45, 12-month TP: HK$55.69, Mkt Cap: 67,507, EPS: 0.34, P/E: 16.5
• NCI (1336 HK): BUY, Share Price: HK$24.45, 12-month TP: HK$32.34, Mkt Cap: 9,841, EPS: 3.35, P/E: 5.8
• China Reinsurance (1508 HK): BUY, Share Price: HK$1.82, 12-month TP: HK$2.39, Mkt Cap: 9,973, EPS: 0.22, P/E: 10.5
• Ping An insurance group (2318 HK): BUY, Share Price: HK$34.3, 12-month TP: HK$43.89, Mkt Cap: 80,884, EPS: 3.08, P/E: 8.9
• PICC P&C (2601 HK): BUY, Share Price: HK$25.7, 12-month TP: HK$39.24, Mkt Cap: 30,050, EPS: 1.94, P/E: 10.6
• China Life (2628 HK): BUY, Share Price: HK$16.74, 12-month TP: HK$22.8, Mkt Cap: 61,037, EPS: 1.56, P/E: 8.6
• CHINA TAIPING (966 HK): BUY, Share Price: HK$14.64, 12-month TP: HK$23.25, Mkt Cap: 6,787, EPS: 2.31, P/E: 6.3

Broker

• GF Sec (1776 HK): BUY, Share Price: HK$16.62, 12-month TP: HK$21.19, Mkt Cap: 16,339, EPS: 1.83, P/E: 7.3
• CITICS (6030 HK): BUY, Share Price: HK$15.66, 12-month TP: HK$18.78, Mkt Cap: 24,478, EPS: 1.71, P/E: 7.3
• HTS (6837 HK): BUY, Share Price: HK$12.02, 12-month TP: HK$17.09, Mkt Cap: 17,834, EPS: 1.50, P/E: 6.4

Environmental Protection

• Canvest (1381 HK): BUY, Share Price: HK$3.66, 12-month TP: HK$3.85, Mkt Cap: 944, EPS: 0.16, P/E: 22.9
• Technovator (1206 HK): BUY, Share Price: HK$4.0, 12-month TP: HK$5.05, Mkt Cap: 333, EPS: 0.24, P/E: 13.3

Industrial Goods

• TK group (2283 HK): BUY, Share Price: HK$2.09, 12-month TP: HK$2.57, Mkt Cap: 223, EPS: 0.23, P/E: 9.1
• Wason Group (3393 HK): NEUTRAL, Share Price: HK$3.92, 12-month TP: HK$4.25, Mkt Cap: 519, EPS: 0.42, P/E: 8.6

Key Information

• The document includes economic data for the Euro zone, US, and China, with forecasts and prior values.
• A list of company events on May 12, 2016, is provided for several Hong Kong-listed companies.
• Research coverage includes ratings, share prices, market caps, EPS, and P/E ratios for multiple sectors.
• Analysts are associated with each company for their respective ratings and forecasts.