AviChina Industry & Technology 2357

Re: AviChina Industry & Technology 2357

Postby winston » Fri Dec 11, 2015 1:09 pm

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Oct 2, 2015

<Research Report>UBS Lifts AVICHINA (02357.HK) TP to $7.5, Earnings Forecast Raised on Parent Injection

AVICHINA (02357.HK) has announced an acquisition of AVIC Planning from its parent company for RMB2.2 billion through the issuance of new shares at RMB4.42 each.

USB, in its report, said that the transaction price implies 10.7x 2014 P/E which is not expensive.

The research house raised the target price of AVICHINA from $7 to $7.5, with a rating of Buy.

UBS stated that since AVIC Planning engages in aviation and aerospace-related fixed asset investment. Hence, it would extend AVICHINA's business scope in the aircraft manufacturing supply chain.

Assuming that the consolidation of AVIC Planning takes place in 2016, the broker raised its 2016/2017 forecast for revenue by 32% respectively and for net profit by 35%/ 36%.

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

Postby winston » Fri Dec 09, 2016 8:56 am

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AviChina Industry & Technology (02357) is principally engaged in the research, development, manufacture and sale of civil aviation products.

The company announced that for the interim period ending June 30, net profit rose 6.89 percent from a year back to 504 million yuan.

Daiwa noted the presence of more "smart' products, such as some of the latest unmanned aerial vehicle (UAV) systems and virtual reality (VR) training systems.

It believes this suggests China's military development, including its aviation sector, is now more focused on quality than quantity.

Thia should benefit companies with strong R&D capability, like AviChina.

Daiwa has a target price of HK$7.7 and maintains a "buy"rating.

Shenzhen- Hong Kong Stock Connect will be officially launched this week, Citigroup, in its report, listed the A- and H-share beneficiaries under SZ-HK Connect, which include AviChina, with a "Buy" rating, target price at HK$6.8.

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

Postby winston » Fri Dec 14, 2018 12:06 pm

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Nov 21, 2018

<Research Report>JPMorgan Downgrades AVICHINA (02357.HK) to Neutral with TP Kept $6.2

AVICHINA (02357.HK) has rebounded 27% since late June, against 15% plunge in MSCI China Index over the same period. Further, the firm was re-rated to a reasonable valuation.

JPMorgan downgraded AVICHINA from Overweight to Neutral, and slightly lifted the 2019-2020 EPS forecasts by less than 1%.

The price target of AVICHINA was maintained at $6.2.

AVICHINA is expected to deliver a 8%-14% EPS growth in 2018-2020, underpinned by the growth of its subsidiaries Jonhon Optronic, AVIC AVIONICS (600372.SH) and Avicopter (600038.SH).

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

Postby winston » Fri Dec 14, 2018 12:11 pm

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Placement at HK$4.90

On 14 December 2018, the Company entered into the Placing Agreement with the Placing Agent in relation to the Placing, on a fully underwritten basis, of an aggregate of 279,000,000 H Shares at the Placing Price of HK$4.90 per Placing Share.

The Placing Shares represent approximately 4.68% of the total issued share capital of the Company as at the date of this announcement and represent approximately 4.47% of the total issued share capital of the Company as enlarged by the issue of the Placing Shares.

http://www3.hkexnews.hk/listedco/listco ... 214013.pdf
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