2009年12月中国铁路基建行业研究报告

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

【出版时间及名称】：2009年12月中国铁路基建行业研究报告
        【作者】：MIRAE ASSET
        【文件格式】：PDF
        【页数】：52
        【目录或简介】：
C O N T E N T S
Executive summary 2
Riding on robust railway expansion 2
Enhanced earning power 2
Duopolistic nature of the industry to persist 2
CRCC specializes; CRGL diversifies 2
Riding on robust railway expansion 4
A) Why transport is critical 5
B) Government focus shifting from roads to rail 7
C) China’s constructors are ready to take part in new projects 8
D) Overseas market is going to shine 9
Enhanced earning power 11
A) Lacking pricing power, but strong demand going forward 11
B) Many new contracts; earnings recognized later… much later 12
C) Margins to recover in FY10 13
D) Fine tuning the product mix improves margins 14
Duopolistic nature of the industry to persist 16
A) Policy favors existing railway builders 17
B) Cash is no problem 17
CRCC specializes; CRGL diversifies 19
A) Diversified risk with different approaches 19
B) Sub-segments come along with extra risks 20
C) Other issues are secondary 21
D) Valuation 22
E) Investment risks 29
Company write-ups:
- China Railway Construction (1186 HK, Buy, TP: HK$13.34):
Railway spending provides comfortable ride 30
- China Railway Group (390, HK, Hold, TP: HK$6.79):
A double-edged sword 38
Appendices 47
Proposed railway network development blueprint under the Eleventh Five-year Plan 47
National expressway network configuration proposal 48
Top 20 global contractors by revenue 48
China real estate: major developers and landbanks 49
Glossary 50
Analyst team profile 51

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：行业研究报告 中国铁路 研究报告 行业研究 Construction 中国 研究报告 行业 铁路 基建

哇靠 太贵了 大哥 没这么多钱 你是存心不让人下载