129756542901718750_19Shandong mining machines: performance in line with expectations, orders booming investment of hydraulic support logic on February 27, company earnings news, 2011 revenues 1.661 billion yuan, an increase of 26.12%; attributed to shareholders of the parent company's net income of $ 140 million, an increase of 3.09%,EPS $ 0.525, performanceIn line with expectations. On February 29, we went to Weifang city, Shandong province
diablo 3 gold, conduct research on the company, the main conclusions are as follows: coal demand growth steady, good order situation: companies of scraper conveyors to the heavy, high-end direction
tera power leveling, 2011 achieved rapid growth, while 2012 is expected to remain moderate growth powered current demand, order growthRapidly while price has stabilised since the quarter of 2011 and 2012 will growth significantly on corporate performance. Capsule to complete tests, waiting for An Biao certification and market launch: January 2012, company capsule successfully complete the live test, currently waiting for the national coal Safety Bureau of the certification results. Recently, the escape bid information has increased
diablo 3 power leveling, the market startedStrength depends on management's urging. Coal mining services and coal businesses: companies established in Yulin tianning mining service companies, are currently undertaking projects on the ground, coal mining services work.
Company has the Cypress mine in Inner Mongolia is still in the construction phase, due to integration of consultative work, estimated production time has to be delayed. Investment advice,Valuation based on the order situation and the progress of the business, our profit forecast adjusted for: sales revenue respectively at $ 2.452 billion, and $ 2012-2013, respectively to $ 271 million, $ 382 million in net profit, EPS $ 1.017, 1.429, respectively. Where business of coal 2012-2013Contribution to the EPS to $ 0.832, and $, increase to about 2%; coal business annual EPS contribution of $ 0.185, and $ 2012-2013, less than the original forecast of $ 0.299, and $. We carried out in business valuation, business 2012 year 20 times times the PE valuation of coal and coal businessWorth $ 3 a share (NAV), target price to $ 19.62, maintaining a "buy" rating. Risk prompted the Cedar slope coal mine company put into production time is uncertain, due to the high coal business margins and significant impact on performance. But our coal business valuation method using NAV, so coal production time on the business of the businessPriced less. (Dong Yaguang sinolink securities, Luo Libo) online statement Gold: gold online reprint of the above content, does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investors a basis for action, at your own risk.
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