The stock index soared, thanks to China Unicom. China Unicom's surge is due to the rumors of telecom restructuring and the approaching time window of 3G communication. It should be said that China Unicom is increasingly favored by institutions because of the favorable expectation of 3G and the approaching time of 3G license issuance. While paying attention to China Unicom, the blue chip in the 3G concept, we should not ignore the catching-up opportunities of the second-tier blue chips in 3G. Next, we can focus on (000063) ZTE. Recently, it can be observed that the trend of leading enterprises in the secondary market has really become a leader, such as Baosteel to the steel plate, China Aluminum to the non-ferrous metal plate, China Air China to the aviation plate, and China Ship to the shipbuilding plate. Leading enterprises in the investment industry have occupied the commanding heights of the industry and become * * * knowledge, so the premium is often higher. For example, the P/E ratios of Baosteel, Chinalco, Air China and China are 22 times, 52 times, 100 times and 135 times respectively. As an emerging industry and the fastest-growing high-tech industry, ZTE (000063) is the leader of the communication industry and has strong competitiveness. By virtue of its strong technical research and development strength and comprehensive product supporting service capability, the company gained a market share of 46%-47% in the latest tender of China Mobile's TD-SCDMA network main equipment, accounting for about 1/3 of the total tender amount. With the further start of the TD market in the future, it is expected to harvest more orders and profits. With the completion and early accumulation of overseas marketing platforms, overseas business has grown rapidly, accounting for 60% of the Group's revenue. The company's main business lines are in a state of comprehensive improvement, and the compound growth rate of net profit in the next three years is expected to exceed 50%. The company's growth is in a new upward channel. Jiang, a researcher at Century Securities, believes that the company's earnings per share in 2007-09 are expected to reach 6544 respectively. Since the beginning of this year, there has been little growth. After "5 30", it rose against the market. Since then, the stock price has fallen sharply. At present, the stock price is very attractive, and short-term intervention is more timely. At the same time, the company's board of directors recently announced that it plans to issue 5-year separable convertible bonds of no more than 4 billion yuan to A-share shareholders, and bond investors can get a certain percentage of subscription warrants for free. Combined with the crazy speculation before and after the listing of SDB warrants, and the recent continuous sharp rise of Rizhao Port, a quasi-warrant stock, we have reason to believe that this stock, as a quasi-warrant stock, is expected to usher in the crazy competition for the main force of warrant speculation in the future.
Communication giant, a new round of growth trend is established.
The growth of the company is in a new upward channel. In the first half of 2007, the growth rate of overseas income rose to 80% again, and the company can still maintain the growth rate of more than 50% in the next 2-3 years. At the same time, after the completion of TD pre-commercial network at the end of 2007 1, 3G licenses will be put on the agenda, and the gradual breakthrough of overseas business will become the driving factor of its share price, which can be focused on.
In the first half of 2007, the company's performance resumed growth, achieving operating income of 65.438+0.523 billion yuan, a year-on-year increase of 43.85%, and net profit attributable to the parent company of 459.8 million yuan, a year-on-year increase of 32.46%, and earnings per share of 0.603 yuan. The company's international business accelerated, with Asia, Africa and other overseas regions increasing by 654.38+025% and 29.5% respectively. 65,438+065.6%, the active expansion of overseas markets for more than two years has gradually achieved results, while the domestic business reversed the downward trend of the previous year and regained its upward trend, with an increase of 65,438+00% in the first half of the year. In the first half of the year, in addition to the increase of China Mobile's GSM upgrade share, the company also obtained 52% share of China Mobile's TD-SCDMA trial commercial network construction. It is worth noting that the cost of equity incentives has depressed the net profit margin. The company's net interest rate was 3.02%, lower than 3.56% in the previous year. If the cost of the equity incentive plan is added back, the index will rise to 4% after the reduction, and the scale effect will appear.
The company's performance in the second half of the year is expected to be better than that in the first half, mainly because the company's TD equipment will be shipped in large quantities in the third quarter, while the fourth quarter is the peak season in previous years, and most of the company's contracts will be executed in this quarter. At the same time, after the bidding for mobile system equipment and network in China is basically completed, the terminal bidding will be held on June 5438+ 10. As a leading TD network manufacturer, the company is expected to gain a higher market share. The estimated amount is about 4 billion yuan. As the company is in a leading position in TD-SCDMA terminal technology, we expect the company to gain a bigger share. In addition, we expect that although there is no clear timetable for the issuance of 3G licenses, 3G has been launched, and the investment and construction of TD-SCDMA will be carried out on a large scale in 2008, and the telecom investment will continue to rise. During TD-SCDMA (2007-20 10), the company will establish the growth trend of performance.
The quasi-warrant is at the critical explosion point.
At the same time, the company's board of directors recently announced that it plans to issue 5-year separable convertible bonds of no more than 4 billion yuan to A-share shareholders, and bond investors can get a certain percentage of subscription warrants for free. Combined with the crazy speculation before and after the listing of SDB warrants, Rizhao Port, a quasi-warrant stock, has risen sharply in the near future. It is reasonable to think that this stock, as a quasi-warrant stock, is expected to usher in the crazy competition for future warrant speculation funds. In addition, the share price has not increased much since this year, and it has risen against the market after "May 30". Since then, the share price has fallen sharply, and the current share price is very attractive. Technically, the stock rose steadily on the 5th, 10 and 30 lines, and recently actively pushed back to the lower rail near the 30 line. The stock price is obviously at the critical explosion point, and short-term intervention is more timely. You can focus on it!