GS 高盛：每日中国报告  10.29

China-Daily-Insights 10.29   16页

 

Today’s focus
Baidu.com, Inc. (BIDU): It's never a straight line to the potential
Suntech Power (STP): STP signs US$1.5bn 7-year polysilicon purchase contract
China Unicom (0762.HK): 3Q07: Inadequate elasticity keeps revenue/EBITDA growth muted
AsiaInfo Holdings (ASIA): Strong 3Q results; multiple growth drivers into 2008 – 2009
Weichai Power (H) (2338.HK): Strong 3Q results; expect industry downturn in '08; maintain Neutral
Shanghai Automotive Company (600104.SS): 3Q07: High bottom line figure but low earnings quality; Sell
Yanzhou Coal Mining (H) (1171.HK): 3Q result below expectation mainly on volume, maintain Neutral
Anhui Conch Cement (H) (0914.HK): First take: 3Q results in line with expectations
Industrial Bank (601166.SS): Solid 3Q07 results overshadowed by lower deps from secs firms
Bank of Communications(H) (3328.HK): HSBC stake to 19.15%; halfway through realization of a +ve catalyst?
China Construction Bank (0939.HK): 3Q07 results beat estimates; raising earnings, TP; affirm Buy
Sinofert Holdings (0297.HK): Phosphate JV in Gansu; small in investment but will help sourcing
Guangdong Electric (000539.SZ): 3Q07 earnings down 47%; cut target price by 6% to Rmb6.4
Headline news
China c.banker says tightening to continue (Yahoo)
China's total trade volume may exceed $2.1 tln this year (Xinhua)
Property starts to slow (China Daily)
China's stock index futures ready to take off: Shang (China Daily)
Call for more market improvements (Shanghai Daily)