AviChina Industry & Technology 2357

Re: AviChina Industry & Technology 2357

Postby winston » Wed Mar 04, 2015 7:02 am

not vested

Avichina Industry and Technology (2357) is a share you should look at if you think China will increase its military spending.

The group operates across the entire aircraft business, including parts and components.

Asset injections from its parent in future will be a driving force.

Its share price has generally been on an upward trend in the past few years, though there has been the occasional sharp correction. Consider accumulating this one on the recent dip.

Source: Dr Check, The Standard HK
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Re: AviChina Industry & Technology 2357

Postby winston » Mon Mar 30, 2015 2:58 pm

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<Result Ann> AVICHINA(02357.HK) annual net profit up 9.6% to RMB781M; final div 2 fen

AVICHINA (02357.HK) announced that for the last year as of the end of December, the net profit rose 9.64% yearly to RMB781 million.

The EPS equaled RMB0.143; a final dividend of RMB0.02 was declared.

Meanwhile, the turnover rose 15.85% yearly to RMB25.71 billion; gross profit rose 13.72% yearly to RMB4.90 billion.

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

Postby winston » Wed Apr 22, 2015 8:36 am

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C Suisse initiates AVICHINA(02357.HK) at Outperform with target price $12.41

Credit Suisse initiated AVICHINA(02357.HK) 0.000 (0.000%) Short selling $15.92M; Ratio 3.734% at Outperform, with a target price of $12.41, representing 75% upside.

AVICHINA has a more attractive valuation than its A shares, together with good product mix and asset injection potential which could lead to EPS accretion in future.

The company is the broker's top pick within the segment.

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

Postby investar » Sat May 09, 2015 6:16 pm

Volatile but many people like this name at the moment, one of the only military stocks
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Re: AviChina Industry & Technology 2357

Postby winston » Tue May 26, 2015 8:33 pm

AviChina 2357 is one of the most popular HK listed Defense/Army names in the last months...

http://en.avichina.com/news_82_84.htm
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Re: AviChina Industry & Technology 2357

Postby winston » Tue Jun 02, 2015 8:01 am

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Five reasons to buy AviChina

Firstly, Asian defence in Asia is a hot topic. China’s defence budget is set to increase by 10% in 2015 so there could be a lot of opportunities for AviChina. Similarly, the US is currently preparing to shift 60% of its navy fleet to the Pacific by 2020.

Secondly, the market is speculating that AviChina’s parent company, AVIC, will inject assets into AviChina’s subsidiaries over the next couple of years.

Thirdly, AviChina is eyeing overseas acquisitions in the aviation parts & components markets. Since AviChina is trading at a steep multiple (PE of 39.6x FY16 according to Bloomberg) any acquisition is set to be earnings accretive.

Fourthly, the net asset value (NAV) of AviChina’s A-share listed subsidiaries is estimated to be HK$15.50, according to BoA Merrill-Lynch. It implies that the Hong Kong-listed stock is trading at about a 50% discount to its NAV.

Fifth, there is a dearth of Chinese defence-related stocks available to foreign investors, which could trigger a narrowing of the hefty discount to NAV.

As for the general Chinese market, I think the stupendous gains in Chinese stocks look a bit overdone in the short-term, warranting a pull back. I can’t estimate how extreme this will be or how long it will last for it but it could have a large impact on AviChina.

There’s also nothing to say that China’s defence spending plans won’t change in the future.

Regardless, for now at least, AviChina is definitely worth a look.

Source: The New World
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Re: AviChina Industry & Technology 2357

Postby investar » Sun Jun 07, 2015 10:42 pm

Yes Barrons article also did good for the stock but is it getting (over)hyped?
http://blogs.barrons.com/asiastocks/201 ... s&ru=yahoo
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Re: AviChina Industry & Technology 2357

Postby winston » Tue Jun 09, 2015 11:33 am

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May 14, 2015

<Research Report>BofA Merrill Lynch downgrades AVICHINA(02357.HK) to Neutral with target price lifted to $9.2

BofA Merrill Lynch stated that AVICHINA(02357.HK)'s share price has rallied approximately 50% cumulatively since early April, due to AVIC's reiteration of its asset injection plan.

CSRC's policies encourage the investment in Hong Kong shares through SH-HK Connect and loosened liquidity in China.

The stock is trading at 39x/35x 2016-17 P/E, 44%/30% higher than historical average.

The target price was revised up by 48% to $9.2 from $6.2.

The stock was downgraded to Neutral from Buy since the market has already priced in that.

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

Postby winston » Wed Jul 29, 2015 3:31 pm

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AVICHINA (02357.HK) Shenzhen Subsidiary 1H15 Net Profit Up 91.3%

AVICHINA (02357.HK) announced that its Shenzhen-based subsidiary China Aviation Optical-Electrical Technology Co., Ltd reported the preliminary financial data for the first half of the year.

During the period, it recorded a total operating revenue of RMB2.207 billion, up 49.8% yearly.

Net profit soared 91.3% to RMB256 million, with EPS of RMB0.4244.

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

Postby winston » Wed Jul 29, 2015 3:32 pm

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July 16, 2015

AVICHINA (02357.HK) Adds Holding in A Share Subsidiary

AVICHINA (02357.HK) announced that the company purchased 622,800 A shares of AVICOPTER PLC (600038.SH) on the A share market of the Shanghai Stock Exchange on 15 July through a targeted asset management plan at an average price of RMB50.33 per A share and a total amount of approximately RMB31.3455 million.

Source: AAStocks Financial News
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