Institutional investors in the market this
week, a callback is not calm. More than just a body seats small board stocks
appeared, the overall market callback, took the opportunity to buy their operational
thinking appear. Charts show the small board stocks Kstar [33.98 7.60% shares
it research report] by institutional net buying yesterday, and its share price
rose 7.60 percent.
Shenzhen Stock Exchange trading public
information display, yesterday Kstar be four bodies seats bought, the total net
purchases of 44.51 million yuan, accounting for 42.62% of total turnover that
day; was a sell body seats sold a net $ 1.5 million accounting for 1.44% of
total turnover day. Although the Shanghai Composite Index fell 1.37% yesterday,
but Kstar contrarian rose 7.60 percent.
KSTAR is China 's leading uninterruptible
power supply (UPS) provider, mainly engaged in UPS as well as ancillary VRLA
battery research and development, production, sales and support services. UPS
Series product coverage of its medium and small power level, and has passed Ter
certification, FCC certification and CE certification. Company's 2010 sales
reached 667 million yuan, the products have been exported to over 60 countries
and regions, in local companies, the sales ranked first. Meanwhile, the company
is in the UPS industry, one of the industry standards, a number of new industry
standards in the preparation and development work has a certain industry say.
Kstar first half operating income of
426,318,700 yuan, an increase of 60.60%, net profit of 37.7517 million yuan, an
increase of 4.73%, far below the profit growth revenue growth. Although the
gross profit margin of 31.15% in mid-2010 to mid-2011, down 23.67% But the
agency believes that the second half, with the restructuring of the company UPS
products and raw materials price correction, gross margins are expected to
steadily.
Meanwhile, the agency believes that the
company has great potential photovoltaic inverter performance. PV inverters in the second
half is expected to start contributing profits. Currently the company has put
into 1.5K-500K full range of solar inverter products, reporting period, the
Company has obtained 45 MW inverter products orders. Half of PV inverters for
the company contributed revenues of 3,917,800 yuan, gross margin reached
38.77%, net profit -342.04 million. With the expansion of production scale,
gross margin is expected to reach 50% or more promising.
Next two years, the domestic grid connected inverter market capacity is about 15 million. With the lower cost of
electricity is expected to double in 2012 after the new, and the proportion of
the grid is expected to further rapid promotion, photovoltaic inverter capacity
is expected to reach 30-50 billion. Agency analysts believe that if the company
be able to occupy the domestic market share of 10%, not considering exporting,
the company is expected to obtain in the field 3-5 million of revenue, the PV
inverter performance potential is huge.
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