Daily Morning 2013

Daily Morning 2013 New Energy: (1) Short-term adjusted photovoltaic industry, but we think the market will not be the termination of the plate, mainly based on supply and demand patterns, trends, and policies favorable earnings rebound. We recommend that investors focus on aerospace electronics, pretty shares, sun power companies. (2) approval authority decentralized wind power industry, accelerated approval of the tender, the state will introduce a series of policies to address the problem of abandoned wind power rationing, demand recovery turbine prices rise, promising fourth-quarter results continued to pick up, the key recommendation of Goldwind. (3) lithium plate key recommendation Wei Li billion. In recent years the main logic is to enhance the growth of the electronic cigarette penetration, long term, electric car program, Compass business will reinforce the company's growth cars - the first three quarters of results summary: steady sales growth, profitability improvement, expansion slowed. Investment opportunities in the automotive industry from: (1) who have a competitive SUV new models of the company, to meet the market growth is expected to have a high preference for the company, the main recommendation Changan Automobile, Great Wall Motor; companies (2) involved in new energy vehicles will be there is more room for imagination, the main recommendations are Sheng Electronics; (3) three quarters of earnings inflection point FAWAY; 4) are expected to increasingly stringent environmental enforcement, proposes a focus on heavy card company Weifu leading real estate: Location real estate sector has dropped out of the value of space (13 years leading up and down the valuation of 6.5 times), excellent fundamentals plate (13 growth performance fully locked, locked for 14 years more than 20% growth), policy uncertainty large surface areas. The bottom of the recommended configuration faucet (Dr. Paul million gold, Emori, China), land and state-owned enterprises reform themes (Gree, etc.) and the valuation of switching varieties (Sunshine City, Southland). Non-ferrous metals: stocks look Hailiang, see rare earth industry. Hailiang shares three logic: substantial increase in performance, strong financial background, multi-thematic investment. Rare three logic: Shouchu expectations, group integration is expected to continue crackdown black ore. Related subject: Minmetals Rare Earth, Baotou Steel Rare Earth, Xiamen Tungsten, Zhong Ke San Huan food and beverage: milk prices limited supply upstream and downstream manufacturers upgrading a positive response. Roots trace display, Moss Lee Shanghai terminal to mention 510%, ex-factory price is also expected to gradually increase, period two months or more, the overall effect is controllable. Erie to actively intervene to stabilize the share price, recommend Erie bright three yuan machinery industry: 2013Q3 revenue decline accelerated, profit fell slightly narrowed. Decline in demand brought about by poor mechanical condition of the main assets of the company listed on the trend continues. Underestimate the value of the industry to benefit from the anti-monopoly, the industry boom of the company will still be sought after. Railway equipment will benefit China CSR, China CNR, Northern Venture, Times New Materials, etc.; benefit from oil and gas drilling equipment subject: Jerry shares LandOcean, Rich Reiter equipment, Bopp and other benefits. (Haitong Securities)click to read more