AviChina Industry & Technology 2357

AviChina Industry & Technology 2357

Postby winston » Wed Sep 02, 2009 7:45 am

Not vested. From Dr. Check, The Standard HK:-

AviChina Industry & Technology (2357) is an interesting H share. The group is principally engaged in the research and development, manufacture and sale of civil aviation products and automobiles.

But its auto business has been in the red in the past three years, losing 1.15 billion yuan (HK$1.3 billion) in 2008. So in the middle of last year the group started to dispose its auto business.

Beijing has decided to invest in the development of large planes. The Commercial Aircraft Corporation of China was set up to engage in research and development of large passenger and new regional aircraft. AVIC, the controlling shareholder of AviChina, has invested 5billion yuan to become a major CACC shareholder.

Beijing has found deficiencies in the country's air rescue operations. This may be a chance for AviChina's Z-8 series helicopters to play an important role. Its CA109 helicopter is already being used by police.

An expected injection of assets from its parent pushed AviChina's share price to an all-time high of HK$2.93 in August. It closed at HK$2.57 yesterday. Although details of any asset injection are not known, its strong share price movement suggests confidence in the stock.
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Re: AviChina Industry & Technology 2357

Postby winston » Thu Nov 12, 2009 6:38 am

Not vested. From Dr. Check, The Standard HK:-

Helicopter maker seen destined for blue skies

In early September, I focused on AviChina Industry & Technology (2357) whose business is principally related to civil aviation products.

In the last three years, the group lost 331 million yuan (HK$375.75 million), 1.02 billion yuan and 1.1 billion yuan.

The losses prompted AviChina to start shedding its car units from June last year.

AVIC - AviChina's controlling shareholder - has invested five billion yuan to become Commercial Aircraft Corporation of China's major shareholder. Beijing set up CACC for building large passenger aircraft.

Beijing is keen to have a strong home-grown aviation industry. Currently, it is pinning its hopes on AviChina-made helicopters.

The company's CA109 helicopter is already in wide use among the police force. Another area getting attention is the N5B agricultural plane. The injection of assets from its parent lifted the stock to HK$2.93 in August.

I recommended buying this stock when it fell to around HK$2.50.

Yesterday AviChina hit an all- time high of HK$3.48 before closing at HK$3.25 - thereby chalking up a 30 percent return in two months.

AviChina has just conducted an equity swap with AVIC. It sold Dongan Motor and bought Jonhon Optronic. More revamps are on the way. My advice would be to hang on to the stock.

http://www.thestandard.com.hk/news_deta ... 91112&fc=7
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Re: AviChina Industry & Technology 2357

Postby winston » Wed Jan 06, 2010 8:27 am

Not vested. From Dr. Check, The Standard HK:-


Some shares I recommended did not go up a lot.

One of them is AviChina Industry & Technology (2357), which is involved in civil aviation products.

In order to build large aircraft, Beijing has set up the Commercial Aircraft Corporation of China to engage in research and development.

AviChina's controlling shareholder, AVIC, has invested 5 billion yuan (HK$5.68 billion) to be the major shareholder of CACC.

An expected injection of assets from its parent pushed the share price of loss-making AviChina to an all-time high of HK$3.61 in November.

It consolidated below HK$3 last month. AviChina closed at HK$3.32 yesterday and may clear its peak again in the immediate future.
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Re: AviChina Industry & Technology 2357

Postby winston » Tue May 11, 2010 6:38 am

Fly high with cash to pick up bargain

Tuesday, May 11, 2010

The Hang Seng Index - and other indexes worldwide - rebounded yesterday as euro- zone nations decided to defend the embattled single currency.

The HSI rose 2.5 percent, nearing the 250-day moving average of 20,558 points. So those with cash may want to look at AviChina Industry & Technology (2357).

It deals mainly with civil aviation products.

Beijing set up the Commercial Aircraft Corporation of China or CACC to build large aircraft.

AVIC, the controlling shareholder of AviChina, has a major stake in CACC having invested 5 billion yuan (HK$5.69 billion).

An expected injection of assets from its parent pushed AviChina to an all-time high of HK$4.20 in March.

AviChina also sold Dongan Motor to AVIC and bought Jonhon Optronic as part of a restructuring process.

Yesterday, AviChina closed at HK$3.07 - 26 percent below its peak. The current price looks healthy.

http://www.thestandard.com.hk/news_deta ... 00511&fc=2
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Re: AviChina Industry & Technology 2357

Postby winston » Fri Dec 31, 2010 7:13 am

Not vested. From Dr. Check, The Standard HK:-

Consider AviChina Industry and Technology (2357).

The Wall Street Journal reported that some of the world's biggest companies are going into partnership with mainland firms to do business around the globe.

General Electric is forming a joint venture with mainland military jet maker Aviation Industry Corporation of China to produce avionics, the "electronic brains" of aircraft.

The mainland firm is the parent company of Hong Kong-listed AviChina.

An expected injection of assets from the parent pushed AviChina's share price to an all-time high of HK$4.66 in November.

It has since found support at around HK$3.60, and closed at HK$3.66 yesterday. This stock is worth a pick.
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Re: AviChina Industry & Technology 2357

Postby winston » Thu Jan 27, 2011 7:47 am

Not vested. From Dr. Check, The Standard HK:-

Asset injections usually present a solid reason to turn bullish on a stock.

Take the case of AviChina Industry & Technology (2357).

I have on several occasions recommended buying a stock when its price falls.

Since September 2009, when I first mentioned AviChina, the stock has basically been rising - albeit in a volatile manner.

It rose from around HK$2.50 to HK$4 then dipped to HK$2.40 before rising to HK$4.60 in November.

AviChina jumped 4.1 percent yesterday to close at HK$3.79 after announcing it purchased Tianjin Aviation from parent AVIC for 768 million yuan (HK$908.17 million).

So long as the asset acquisition process is continuing, the stock, I think, should be able to maintain an upward trend.
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Re: AviChina Industry & Technology 2357

Postby winston » Wed Feb 01, 2012 9:39 am

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DJ MARKET TALK: Daiwa Starts AviChina At Buy; HK$4.50 Target

0901 [Dow Jones] STOCK CALL: Daiwa starts AviChina (2357.HK) at Buy with a six-month target price of HK$4.50.

It believes the plane manufacturer is undervalued given strong and secure government orders and potential upside from the civil segment, and expects the potential near-term catalysts to include further good newsflow about the planned opening of low-altitude airspace, asset injections from the parent, strong 2011 results driven by the aviation business segment, and the approval of the new L-15 training aircraft.

The stock rose 2.6% to HK$3.60 Tuesday.

Source: Dow Jones Newswire
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Re: AviChina Industry & Technology 2357

Postby winston » Wed Sep 12, 2012 8:55 am

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DJ MARKET TALK: New Subside Program May Benefit AviChina - Daiwa

0828 [Dow Jones] Daiwa believes AviChina's (2357.HK) helicopter business would benefit from a likely new subsidy program; it says according to the China Securities Journal of Sep. 11, the PRC government is likely to announce a subsidy programme for general aviation soon.

"We believe the programme would help increase the orders of AviChina's helicopter business in the coming 2-3 years."

The house adds, AviChina's future investment in a pilot training school should also receive support, and potentially strong 2H12 results, L15 deliveries and speed-up of opening of low-altitude airspace remain key catalysts.

Daiwa keeps AviChina at Buy with a HK$4.40 target. The stock closed down 1.0% at HK$2.83 Tuesday.

Source: Dow Jones & Company, Inc.
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Re: AviChina Industry & Technology 2357

Postby winston » Wed Sep 12, 2012 8:57 am

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<Result Ann>AVICHINA (02357.HK)'s IR NP down 5.2% to RMB310M with no div declared
Aug 28, 2012

AVICHINA (02357.HK) announced its results for the first half of 2012.

Revenue stemmed from continued operations jumped 22.5% to RMB7.31 billion.

Net profit dipped 5.2% to RMB310 million with earnings per share 5.89 fen.

No interim dividend was declared.

As at the end of June, cash and cash equivalents totaled RMB3.109 billion.

Source: AAStocks Financial News
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Re: AviChina Industry & Technology 2357

Postby winston » Mon Nov 05, 2012 9:23 am

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<Research Report>AVICHINA (02357.HK) initiated Buy with target $3.7 by BofA ML

Bank of America Merrill Lynch reported that the demand for helicopters and aviation is rising in China, favoring AVICHINA (02357.HK) and its parent company, which have attained leading status in the industry.

The introduction of new aircraft models also will help enhance the brand value.

In this connection, the Bank expects the EPS in 2013/14 will grow 20%/15%, and initiated Buy rating with target $3.7.


Source: AAStocks Financial News
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