According to statistics, on February 9, the agency gave 35 latest buy ratings, of which the target price of 11 stocks was announced. Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) got the target price of 338.25 yuan, with 24.9% room for increase compared with the latest closing price of 271 yuan.
Huatai Securities Co.Ltd(601688) pointed out that 1) the indicators in the peak season are benign: the dynamic sales / inventory / price show their strong sales potential and have spare power; 2) Nationalization process: the momentum of Fen Liquor Consumption atmosphere and channel construction support the acceleration of nationalization; 3) High end structure: blue and white series ushered in a key breakthrough year; 4) The valuation is cost-effective, and the current valuation is below the average value in the past 15 years. We expect EPS of 4.41/6.15/8.10 yuan in 21-23 years, and give it 55x PE for 22 years, with a target price of 338.25 yuan, “buy”.
