GS 高盛：中国每日报告

China Daily Insights

04.02 14页

Today’s focus
China Stance-at-a-Glance: April 2007: Cautious market, improving fundamentals
China: Technology: China finally serves up its TD-SCDMA banquet
Sinopec Shanghai Petrochemical (H) (0338.HK): 2006 results weak; downside risk to 2007 estimates; Neutral
Sohu.com (SOHU): Multiple inexpensive, earnings headwinds, Olympics uncertainty
ZTE Corporation (H) (0763.HK): Big fish in the small TD pond; raising target price to HK$32/Rmb37
Xingda International (1899.HK): 2006 result preview-we expect earnings in line with co guidance
China Unicom (0762.HK): Solely a restructuring play with low timing visibility - prefer CT/CM
Datang Int'l Power Generation (0991.HK): Chinese GAAP 2006 net income appears in-line with our IFRS est.
Baoshan Iron & Steel (600019.SS): 2006 results above expectations; stay positive
Huadian Power International (H) (1071.HK): Fast earnings growth assumed by consensus seems too bullish
Xinyi Glass (0868.HK): In-line 2006 results; strong growth expected in 2007; Buy