Editor's note: advancing modern crop seed industry development work was held its first meeting on May 9, will be held in changsha, hunan, according to relevant personage says, age-old but never saw the "final verdict," seed industry admittance threshold likely finalize in this conference. This regulation may lead to different media describe a "more than 90% of the small and medium-sized seed enterprise be eliminated" market outlook into reality. This shows that the domestic seed industry is about to usher "subversive" major industry transformation.
300087 silver high-tech (tsuen) : promotion of new space is enormous buying
Investment points:
YinXin lung will enjoy the two tsuen 6326 exclusive right according to the optimal intermediate people's court, hefei, anhui civil conciliation statement "(2010 close people first 00030 number two early word) showed 6326 hybrid rice, two optimal varieties has lift all judicial proceedings, varieties of new hefei strong attributable to all. And new hefei strong in a joint venture to set up "with YinXin grand" subsidiary tsuen already promised when obtain operating licences in joint venture with its sole awarded two optimal Tory Burch Sandals,6326 varieties of joint venture company in development, and will transfer to remove freeze joint venture company.
One of the four actress of "two optimal 6326" 2011 begin to contribute performance in 2007 two optimal 6326 by countries review, this variety has high yield, strong and stable lodging, wide adaptability, rice, enjoy "characteristic of good quality, the Thai rice production of super hybrid rice" reputation. Two years 6326 field yield optimization remained steady, even met hybrid rice production situation, and generally lasted 2-2.5kg 650 kilograms of general field achievements, besides, the whole 6326, white rice yield up by Tory burch sale 65.5%over paddy rates as high as high, rice processing enterprise and the vast majority of farmers on its approval, the market has been in high demand condition, also because of its excellent performance two-line hybrid rice became one of four varieties. Because the two optimal 6326 has a good reputation and market approval YinXin lung don't need, tsuen again try spread stage of new, so it is expected that the company will begin from 2011 and seed market promotion. We took into consideration the calendar year two optimal 6326 promotion that 2011/2012 company for 200 million mu of land extending area around 40 yuan/kg, according to the settlement price calculation, two 6326 varieties of revenue optimal contribution is 80 million yuan, net profit for 32 million dollars.
Two optimal 6326 future promotion space is enormous DE farmers are into 2011 will make the last year of breeding, and will stop before June 2013 sales. New hefei is strong and Germany after the farmers are into sales territory is not overlap, we think DE farmers are into 2011 breeding and sales indirect help companies expanding the market, as the company wide foundation of promotion follow-up. This variety is good, wide eligibility for planting in the entire Yangtze river valley, at present the main market anhui and hubei varieties of existing huge growth in other areas, such as space, guangxi, hunan, jiangxi, yet for planting provinces, and therefore large-scale sales layout market potential is tremendous.
Raised profit forecast considering two optimal 6326 will advance contribution achievements, we raised our earnings forecast slightly.
We expect the company 10-12 years respectively company business income for 1.91 billion yuan,.347 billion and $now 678 million yuan respectively, net profit for 0.39 billion yuan, Maurice billion and $since billion yuan. Christian Louboutin Boots Sale,The corresponding EPS separately for 0.74 yuan, 1.54 yuanhe $3.04, maintain company "buy" rating. (XiangCai securities)
New agriculture development (600359) : MianJia continued high mineral resource acquisitions
1-9 months, cotton in the previous three 12913, respectively 13139 average, 13510 yuan/ton, 5.83%, compared with 2.8 per cent growth in 1.75%. In product prices rebounded drive, the net income and are significantly by season of growth, compared with net profit for the third quarter earnings compared respectively 110.7% 110.9% and growth. The company's fourth quarter is expected to further enhance the profitability.
The company intends to 12 million acquisition capital of xinjiang gold mining companies, accounting for pier stake in xinjiang gold mining company registered capital of pier contributive 1840 yuan 60%, set ching alar dragon chemical Co., LTD, registered capital of the company of 11.5 per cent.
Profit forecast and rating. 2009-2011 EPS is expected to 0.11 yuan, respectively, 0.20 yuan, Christian Louboutin Evening Sale, $0.17 respectively corresponding PE 144X, 93X, 79X, give "immediately" rating. (shanxi securities (002500) zhang xu)
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