GS 高盛：中国每日报告

04.12 12页

Today’s focus
Beijing Enterprises Holdings (0392.HK) Buy: Major NAV accretive asset injection; upgrading to Buy
Angang Steel (H) (0347.HK): First-take: 2006 earnings above expectation, valuation still concern
Shimao Property (0813.HK): Disposal of project interest to boost earnings and valuation
China Merchants Bank (H) (3968.HK): Better than expected tax benefits; reaffirm Buy rating
Focus Media (FMCN): Two-for-one stock split effective on April 11
Fuyao Glass (600660.SS): 1Q07 earnings up 66% yoy, in-line with our estimate
Ping An Insurance Group (2318.HK): FY2006: Strong EV, NBV and income growth amid cost pressure
China Shipping Container (2866.HK) Buy: Recovery not fully priced in; Maintain Buy
Foxconn Int'l Holdings (2038.HK) Buy: What do decent 2H06 results suggest? A structural growth story