Wednesday 28 March 2012

swtor credits earnings stability domain of China Automobile - XQS

129762943217187500_132Car industry: improve the valuation market good news Investment: January-February car sales decline slightly 5.96% new Trojan. 2012 1 completed sold 2.95 million vehicles, down 5.96%. February monthly national sold 1.57 million vehicles, an increase of 24.51% and rose 12.76%. February sales were substantial growth is primarily a low base in the same period of the original(Reducing the working day during the Spring Festival), cumulative sales were slightly down for 2 months before. A-shares in current dynamic car plate about 12 times, including 11 times for dynamic passenger car plate PE, commercial vehicle dynamic PE plate is about 10 times, dynamic PE auto parts sector is approximately 13 times. 2012 car sales growth is expected to reach 7% in the long run IOf car ownership per capita is low, as urbanization continues to advance, middle-income population percentage increase car sales still have more room to grow, auto industry under the current valuations are still with a certain degree of investment flexibility. Boost from valuations for funding to improve in the near future, it is recommended that investors focus on competitive market share continues to rise star wars credits, models of SAIC(600,104. SH) and the great wall (601633.SH), earnings stability domain of China Automobile (600741.SH) and Yutong (600066.SH). Relatively good SUV needs. After sustained rapid growth in SUV six months cumulative sales rose 1-2. And cumulative sales of the MPV in increasingBetter speed, and 5.07% swtor credits, respectively. Own-brand passenger cars in January per cent market share continued to decline. In January 2012 tera power leveling, own-brand passenger cars sold 480,000 units, the market share of 42%, down 3.65%. Risk 1) price risk as a result of intense competition; 2) risk of falling demand. Others:

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