GS 高盛:中国每日报告 08.28
China-Daily-Insights 08.28 17页
Today’s focus
Chongqing Changan Auto (A) (000625.SZ): Solid 1H07 earnings growth up 28%; in-line with our expectation
Hunan Nonferrous Metals (2626.HK): Interim results weak, execution risk key concern
China Petroleum and Chemical (H) (0386.HK): Operating profit slightly below forecast; net profit marginally higher
China BlueChemical (3983.HK) Buy: Very strong 1H07, +63% yoy, 24% above our est; affirm Buy
China Life Insurance Company (2628.HK): 1H07: Strong investment income, partially offset by high cost gwth
China Petroleum and Chemical (H) (0386.HK): Major asset injection or E&P discovery needed to catalyze stock
China National Building Material (3323.HK): First take: Interim result in line, maintain Neutral
Zhejiang Glass (0739.HK): Interim results above our expectations, initial stage re-rating
Shanghai Forte Land (2337.HK): First-take: strong property sales to underpin solid 2007 results
Sinofert Holdings (0297.HK): 1H07 strong and slightly better than expected on volume & margins
Datang Int'l Power Generation (0991.HK): 1H07 net profit growth of 42% yoy exceeds expectations
Aluminum Corporation of China (H) (2600.HK): Removing from Conviction list, but maintain Buy
Great Wall Motor Company (2333.HK): Unimpressive 1H07 earnings up 11% yoy; in line with our estimates
Tsingtao Brewery (H) (0168.HK): Strong 1H07 with profit up 63% yoy; our positive view reaffirmed