Automotive rubber products sector outperform recommendation 3 shares
2013/7/25 view:
Investment
Highlights:
Surface tension of funds affected by the market, the broader market fell sharply last week, automotive rubber products sector outperformed the broader market by market funds face intense impact of last week, the broader market fell sharply, automotive rubber products sector outperform.
Shanghai Composite Index fell 8.96%, Shenzhen Component Index fell 10.15%, the CSI 300 fell 9.68%. Automotive rubber products sector fell 8.52 percent, outperforming the broader market 1.16 percent.
Industry News as a stronger dollar, domestic and international economic recovery is slow, weak demand, natural rubber prices continue to fall this week, as of June 26, natural rubber prices fell 6.30 percent. EPDM rubber prices fell 2% (DuPont). This will help push the car further from the cost side rubber products company's profitability improved.
Company News 1) Sailun shares Vice Chairman Mr. Wan Hua Yan capital market based on the current understanding of the situation and future prospects of the company's confidence in the implementation of holdings of shares plan; 2) wheel of the implementation of equity shares of the three major shareholders pledge; 3) Ding shares dividend due on the 28th implement adjustment programs "Ding bonds" Initial Conversion Price: From 12.66 yuan adjusted to 6.94 yuan.
Industry strategy and stock recommendations economic fundamentals, in May and June economic data HSBC PMI continued to decline, the economic slowdown in the second quarter to become a high probability event. Industry level, the recent impact of the global economic recovery is weak and the stronger dollar, natural rubber prices hit a four year low, from the cost side to continue to promote the rubber products industry profitability improvements.
We believe that, despite the economic slowdown that companies demand sluggish, but the cost can still make improvements in end plates to obtain good results. Maintaining plate "neutral" rating, concerns plate premenstrual adjusted short-term rebound opportunities that may arise, the most important shares in the tripod, Sailun shares of S Jia Tong, concerns related to biological concept of environmental protection Masson technology.
Surface tension of funds affected by the market, the broader market fell sharply last week, automotive rubber products sector outperformed the broader market by market funds face intense impact of last week, the broader market fell sharply, automotive rubber products sector outperform.
Shanghai Composite Index fell 8.96%, Shenzhen Component Index fell 10.15%, the CSI 300 fell 9.68%. Automotive rubber products sector fell 8.52 percent, outperforming the broader market 1.16 percent.
Industry News as a stronger dollar, domestic and international economic recovery is slow, weak demand, natural rubber prices continue to fall this week, as of June 26, natural rubber prices fell 6.30 percent. EPDM rubber prices fell 2% (DuPont). This will help push the car further from the cost side rubber products company's profitability improved.
Company News 1) Sailun shares Vice Chairman Mr. Wan Hua Yan capital market based on the current understanding of the situation and future prospects of the company's confidence in the implementation of holdings of shares plan; 2) wheel of the implementation of equity shares of the three major shareholders pledge; 3) Ding shares dividend due on the 28th implement adjustment programs "Ding bonds" Initial Conversion Price: From 12.66 yuan adjusted to 6.94 yuan.
Industry strategy and stock recommendations economic fundamentals, in May and June economic data HSBC PMI continued to decline, the economic slowdown in the second quarter to become a high probability event. Industry level, the recent impact of the global economic recovery is weak and the stronger dollar, natural rubber prices hit a four year low, from the cost side to continue to promote the rubber products industry profitability improvements.
We believe that, despite the economic slowdown that companies demand sluggish, but the cost can still make improvements in end plates to obtain good results. Maintaining plate "neutral" rating, concerns plate premenstrual adjusted short-term rebound opportunities that may arise, the most important shares in the tripod, Sailun shares of S Jia Tong, concerns related to biological concept of environmental protection Masson technology.
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