Institutional Analysis Friday hot plate and stocks Quest (of shares)-7470d

Institutional Analysis: Friday hot plate and stocks Quest (of shares) in industry and analysis of stocks from the brokerage Research Report, only analysts of the industry and the stocks of the personal views do not represent the views of the card network, not as investors buy or sell stocks on stock market risk, the investment must be cautious. 1, building materials: China’s water industry high degree of prosperity will keep a long-term view of the industry recommended 2 shares: International waterproofing industry more scale, standardization, science and technology: through the study of foreign water market, the following significance: with the expansion of application fields gradually peatlands, renovation of two waterproof materials in buildings the demand in China will further enhance the waterproof market; government supervision of waterproof engineering of waterproof construction is not enough, the training of personnel and a large number of fake and shoddy products is the main cause of China’s construction high leakage rate, this is the future of the industry to focus on solving problems; leading enterprises to improve market share is a big trend the development of the industry; polymer waterproofing materials, waterproofing layer has good prospects for development. China’s water industry high degree of prosperity in China: waterproof asphalt paper industry has been basically bid farewell to the era, with new waterproof materials, future coatings and self-adhesive asphalt coiled material or have more room for development. With the current demand side boom (better benefit from the two renovation, construction, underground pipe gallery, consumption upgrade, retail layout etc.), the supply side of backward production capacity, fake and shoddy products exit speed, waterproof market boom will keep for a long time, the industry leading enterprises grow huge space. Investment advice: we are optimistic about the industry strategy of waterproofing industry overall boom (benefit from two decoration, infrastructure, underground pipe gallery, consumption upgrade) will continue higher than the average level of the building materials industry, because of backward production capacity, fake and shoddy products from the market to accelerate the industry competition pattern will be significantly improved. The recommended combination: waterproofing industry we give a "buy" rating, the key recommendation in the industry leading enterprises in the industry: the Oriental Yuhong (as the largest enterprise market share of only about 5%; the capacity of the layout gradually improve the production capacity to ease the bottleneck; the team and the higher decision-making and executive ability has been fully verified the high market vesting conditions; the equity incentive plan shows the development of confidence; 2016-2018 three years EPS were 1.19 yuan, 1.55 yuan, 1.95 yuan). Keshun waterproof (2013-2015 owned by the parent net profit to maintain double growth, 2016H1 growth rate of 143.38%, continue to maintain high growth; development ability is the forefront of the industry; stable management team; the successful completion of a given increase in equity investment will accelerate the release of production capacity; 2016-2018 three year EPS forecast were 1.69 yuan, 1.97 yuan, 2.29 yuan). Risk indicates that the development of underground corridors less than expected; real estate investment fell sharply; raw material prices rose sharply. (state securities He Guowen)相关的主题文章: