GS 高盛：中国每日报告 04.03

China-Daily-Insights 04.03 11页

Today’s focus
China Shipping Development (H) (1138.HK) Buy: Raise TP to HK$15: From bulk shipping to energy infrastructure
China Resources Land (1109.HK): Outlook hinges on execution in Chengdu and Shenzhen markets
Sinopec Yizheng Chemical Fibre (H) (1033.HK): 2006 results lower than expected; 4Q net loss; outlook challenging
China Netcom (0906.HK): First take - Operating items largely in line, capex cuts a positive
Kweichow Moutai (600519.SS): FY06 earnings up 34%; stronger growth expected in 2007-2008
Greentown China Holdings (3900.HK): Cash flow pressure remains high; execution is the key