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.
'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. China
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.