The A-share market showed a strong and deep weak trend in Shanghai this week. As of Friday’s closing, the stock index rose slightly by 0.04% to close at 3522.57 points; The Shenzhen Component Index fell 0.86% to close at 14029.55; The gem index fell 2.72% to close at 3034.68. The market situation is not good, but it does not change the enthusiasm of securities researchers to “reassess” the investment rating and target price of relevant companies according to the performance forecast. According to the statistics of Hithink Royalflush Information Network Co.Ltd(300033) ifind data, this week (January 17-21), securities companies “revised” 149 companies. Among the companies that gave specific target prices, 43 had more than 50% room to rise from the target prices given by securities researchers on Friday.
Among them, the closing price of Sichuan Road & Bridge Co.Ltd(600039) (600039) on Friday has the largest space from the target price given by securities researchers. Wang binpeng, a researcher at Huachuang securities, pointed out in the 2021 performance pre increase comment report entitled Sichuan Road & Bridge Co.Ltd(600039) : the annual performance exceeded expectations, and the main business is optimistic about going hand in hand with new energy, which was written on January 18 that Sichuan Province has strong transportation investment, clear objectives of the company’s management, abundant orders, and the performance is expected to continue to grow at a high rate. In addition, the new energy business is progressing rapidly. With reference to some construction companies, construction + new energy companies and positive material companies, the company was given a target price of 22.2 yuan. According to the company’s closing price of 10.91 yuan on Friday, the share price of 103.48% still has room to rise.
On January 18, Sichuan Road & Bridge Co.Ltd(600039) released a performance forecast that the company expects to realize a net profit of 5.032 billion attributable to shareholders of Listed Companies in 2021, with a year-on-year change of 66.34%. The company said that the main reasons for the pre increase in performance are the impact of the main construction business: 1. The company has improved its market development and operation ability, and the number of high-quality construction projects has increased; At the same time, the company continues to improve the project management level, actively reduce costs and increase efficiency, so as to gradually improve the profitability of the project; In addition, the company accelerated contract management such as project change and material difference adjustment, resulting in a significant increase in net profit; 2. The company has sufficient orders on hand, and the operating revenue in 2021 has increased significantly compared with the previous year.
According to the disclosure, 244 projects won the bid in Sichuan Road & Bridge Co.Ltd(600039) in 2021, with a total bid amount of 100.173 billion, a year-on-year increase of 153.39%. The company’s current business layout in new energy related fields includes: 1) it plans to introduce Sichuan energy investment group and Byd Company Limited(002594) two strategic investors to develop the energy sector and cooperate with upstream and downstream to further strengthen the market competitiveness of cathode materials; 2) It is proposed to invest 100 million yuan to participate in the public recruitment of investors in the bankruptcy reorganization of phosphorus chemical enterprises; 3) Establish a joint venture with Sichuan New Energy Power Company Limited(000155) , Byd Company Limited(002594) and Hefeng company to develop phosphate rock resources and lithium iron phosphate project in Mabian County; 4) Sichuan New Energy Power Company Limited(000155) intends to transfer its 5% equity of Sichuan energy investment Lithium Industry Co., Ltd. to the company; 5) The Asmara copper gold polymetallic mine project in Eritrea has completed temporary works such as access road laying, on-site mapping and detailed design of direct selling mine development in 2021.
In addition, Guangzhou Tinci Materials Technology Co.Ltd(002709) Friday’s closing price is more than twice the target price space given by securities researchers. Peng Guangchun, a researcher at Huachuang securities, said in the performance preview comment report entitled Guangzhou Tinci Materials Technology Co.Ltd(002709) : continued high profitability, integration + consolidation of competitive advantage by a new generation of lithium salt written on January 21 that considering that the company is a global leader in electrolyte, the company’s performance is expected to be greatly improved due to the continuous release of production capacity and self supply of key additive lithium hexafluorophosphate. Considering the valuation of comparable companies, the target price of Guangzhou Tinci Materials Technology Co.Ltd(002709) is 196.8 yuan. According to the closing price of 97.66 yuan on Friday, the share price will rise by 101.52%. It was announced on January 17 that the net profit of the company in 2021 is expected to be RMB 2.1 billion-2.3 billion, with a year-on-year increase of 294.09% – 331.62%. The main reason is that the sales volume and price of lithium-ion battery material electrolyte products of the company have increased significantly year-on-year.
The reporter of investment express noticed that after Guangzhou Tinci Materials Technology Co.Ltd(002709) released the performance forecast, in addition to Peng Guangchun, a researcher of Huachuang securities, researchers from several institutions also published research reports on this. Among them, Soochow Securities Co.Ltd(601555) Zeng duohong’s performance forecast and comment report on Guangzhou Tinci Materials Technology Co.Ltd(002709) : solid leading position of electrolyte integration and obvious increment of new products published on January 19 said that due to the continued higher downstream prosperity than expected, the net profit of the company from 2021 to 2023 was adjusted to 2.202, 4.601 and 5.500 billion yuan (originally expected to be 2.425, 4.459 and 5.405 billion yuan), with a year-on-year increase of 313%, 109% and 20%, Give 35 times PE in 2022, corresponding to the target price of 169 yuan. According to this calculation, the company’s share price still has 73.05 upward space.
Review the recent market. Dongguan Securities pointed out that the overall market fluctuated repeatedly, and the Shanghai index hovered between the annual line and the semi annual line. Considering the positive signal released by the central bank, it is expected that the market is expected to gradually stabilize and strengthen, and pay attention to the gains and losses of the annual line and sector rotation. Soochow Securities Co.Ltd(601555) said that at present, due to the time node, the market is releasing selling pressure in an orderly manner, and there are some signs of oversold in many varieties. In terms of operation, investors still focus on wait-and-see, focusing on the undervalued varieties with good texture but recently killed by mistake, and wait for the spontaneous stabilization of the market before subsequent layout.
list of stocks with more than 50% room for increase in Friday’s closing price compared with the target price given by securities researchers
Data source: Hithink Royalflush Information Network Co.Ltd(300033) Ifind
