AviChina Industry & Technology 2357

Re: AviChina Industry & Technology 2357

Postby winston » Wed Jul 29, 2015 3:33 pm

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july 10, 2015

AVICHINA (02357.HK) Adds A Share Holding in Hongdu Aviation

AVICHINA (02357.HK) announced that the company acquired 1 million A shares of Hongdu Aviation (600316.SH) on the A share market of the Shanghai Stock Exchange on 9 July.

After the shareholding increase, the company's shareholding increased from 43.63% to 43.77%.

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

Postby winston » Wed Jul 29, 2015 3:35 pm

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July 8, 2015

AVICHINA (02357.HK) Controlling Shareholder Adds Stakes

AVICHINA (02357.HK) announced that its controlling shareholder Aviation Industry Corporation purchased on the trading system of Stock Exchange a total of 13.076 million H shares of the company worth approximately $59.8989 million.

Source: AAStocks Financial
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Re: AviChina Industry & Technology 2357

Postby winston » Fri Aug 07, 2015 10:20 am

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<Research Report>G Sachs: AVICHINA-1000 (02357.HK) to Benefit from Capital Injection, Target Raised to $8.5

Goldman Sachs said in a report that China defense industry drivers remain unchanged, expecting the nation's 2015-2020 defense budget to grow 10% annually, involving a total amount of US$1 trillion.

Moreover, the state-owned AVIC may carry out injections of unlisted-asset in the coming years, leading to the achievement of 80% of assets listed in the long run.

The research house was positive on AVICHINA-1000 (02357.HK), as the company is a key consolidation platform.

AVICHINA-1000's rating was reiterated at Buy, with a target price raised by 35% to $8.5.

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

Postby winston » Wed Aug 19, 2015 8:27 am

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AVICHINA-1000 Joins Capital Increase in Shenyang Aircraft Group, Chengdu Aircraft Group

AVICHINA-1000 (02357.HK) 0.000 (0.000%) Short selling $15.55M; Ratio 9.573% announced that the company, AVIC Capital Co., Ltd.(AVIC Capital), China Avionics Systems Co., Ltd. (AVIC Avionics), AVIC Aircraft Co., Ltd. (AVIC Aircraft) and AVIC Electromechanical Systems Co., Ltd. (AMES) as the capital increase participants, and AVIC Shenyang Aircraft Industrial (Group) Co., Ltd. (Shenyang Aircraft Group) and AVIC Chengdu Aircraft Industrial (Group) Co., Ltd. (Chengdu Aircraft Group) as the capital increase targets, entered into a framework agreement on capital increases.

The proposed maximum aggregate capital increase amount by each capital increase participant and the proposed total capital increase amount of the proposed capital increases in Shenyang Aircraft Group and Chengdu Aircraft Group are RMB1.906 billion, RMB1.906 billion, RMB539 million, RMB441 million and RMB196 million respectively (total: RMB4.989 billion).

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

Postby winston » Fri Aug 21, 2015 8:23 pm

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AVIC Expands Into Fighter Jets: AviChina Dips

By Shuli Ren

Here is one more example of divergent views foreigners hold with respect to restructurings in China’s state-owned companies.

China’s aviation conglomerate Aviation Industry Corp. of China (AVIC) said it would invest in two of China’s key fighter jet manufacturers.

AVIC said AviChina (2357.Hong Kong) – the only Hong Kong-listed subsidiary of AVIC – along with AVIC Avionics (600372.China), AVIC Aircraft (000768.China), AVIC Capital (600705.China) and AVIC Electromechanical Systems (002013.China), would invest up to 4.99 billion yuan in privately-held jet fighter manufacturers Chengdu Aircraft Group and Shenyang Aircraft Group.

AVIC has not determined the acquisition price of the two fighter jets manufacturers. But whatever the price, this deal would not boost AviChina’s return on equity, estimates Bank of America Merrill Lynch.

The two fighter jet companies have an estimated 7% return on equity, at par with AviChina. As of the end of 2014, they generated close to 800 million yuan net profit and had 11.5 billion yuan of net assets.

Shares of AviChina fell 4.1% as a result.

But this deal was better-received in mainland China. AVIC Capital went limit up after resuming trading today. AVIC Avionics rose 2.9%, while AVIC Aircraft and AVIC Electromechanical were little changed.

Source: Barron's Asia
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Re: AviChina Industry & Technology 2357

Postby winston » Wed Aug 26, 2015 12:55 pm

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2015 Interim Results Announcement

Financial Highlights

For the six months ended 30 June 2015, the Group achieved a revenue of RMB11,354 million, representing an increase of 9.18% as compared with that of RMB10,399 million in the corresponding period of last year.

For the six months ended 30 June 2015, the profit attributable to the equity holders of the Company amounted to RMB360 million, representing a decrease of 4.00% as compared with that of RMB375 million in the corresponding period of last year.
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Re: AviChina Industry & Technology 2357

Postby winston » Wed Aug 26, 2015 12:58 pm

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In the first half of 2015, with a view to continuously improving the aviation industrial chain, the Company actively expanded into new businesses by making capital contributions in the establishment of Nanjing Servo Control Systems Co., Ltd. (“Nanjing Servo Control”) jointly with China Aviation Industry Corporation Jincheng Nanjing Mechanics-electronics-hydraulics Research Center (“AVIC Jincheng”) and in the establishment of AVIC Nanjing Electromechanical Technology Co., Ltd. (“Nanjing Electromechanical”) jointly with AVIC Jincheng and AVIC Electromechanical Systems Co., Ltd. (“AMES”), thereby expanding the scale of the electromechanical business of the Group.
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Re: AviChina Industry & Technology 2357

Postby winston » Wed Aug 26, 2015 1:02 pm

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In June 2015, the EC175 project of AVICOPTER PLC (“AVICOPTER”) successfully passed the POA annual examination conducted by EASA, which meant that the parts and components products developed and manufactured by AVICOPTER relating to the aircraft body of EC175 could continue to be manufactured in bulk and sold and used in the European market.

In March 2015, Harbin Hafei Airbus Composite Materials Manufacture Center Co., Ltd. successfully completed the delivery of the A320 work package.
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Re: AviChina Industry & Technology 2357

Postby winston » Mon Oct 05, 2015 7:57 pm

October 2, 2015

AviChina Soars 10%, BOCOM Cheers Latest Deal

Source: Barron's Asia
http://blogs.barrons.com/asiastocks/201 ... test-deal/
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Re: AviChina Industry & Technology 2357

Postby winston » Fri Oct 23, 2015 6:31 am

not vested

AviChina Industry and Technology (2357) is principally engaged in the sale of civil aviation products. The group operates across the entire aviation industry, making all sorts of aircraft and components.

It is a stock you should look at if you think China will increase its military spending.

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

In August, Daiwa Research cut its target price for AviChina to HK$8.40, but maintained its "buy" rating. This is a 30 percent upside from yesterday's close.

The aviation industry is a key focus for the "Made in China 2025" strategy initiated by the state earlier this year. With respect to reform, Daiwa said AviChina stands to benefit from the policy to increase private capital involvement in the national defense sector, as this would lead to more asset injections into listed companies.

Source: Dr Check, The Standard HK
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