leading enterprise of agricultural industrialization

The company is China's food industry first among capital market enterprise, is the first state key MBT Fumba.leading enterprise of agricultural industrialization through continued to optimize the industrial structure adjustment, industry development quality and scale get promoted, especially pharmaceuticals, seed industry, products development, advantages of the industry added the company development in the future. 2010 June 18 announcement, shareholders' meeting agreed to wholly owned subsidiaries purple rhombohedrons chang DE city land for housing accept purple rhombohedrons garden center back the land and compensation 265 billion yuan, won government compensation, have a positive impact on the corporate performance. The disk, the shares have done more signs that attention.
DaBeiNong (002385) : high quality rice seed leading concern
December 23, DaBeiNong advertisement announcement with 2.4 billion yuan, super funds raised five mbt shoes uk new investment projects, including a rice seed projects and four pig feed program. According to the new changes and the fundamentals of the company revealed the direction of future planning for new projects, we simply evaluated, and the company reassess future performance and valuation levels.
Investment points:
The company is the largest premix producers and the second-largest rice seed enterprises MBT Kisumu,in 2011, is expected to continue to maintain premix leader, and will become the teach trough feeding, conservation materials, the leading enterprises; feeding piglets Rice seed maintain and strengthen national second; Forage probiotics business ranking second nationwide; 2012 of corn seed business is expected to enter the national first five.
The company product positioning is high-end, high quality and high added value. The next two years will be company scale, and efficiency of the big leap. Teach trough feeding, conservation materials, the material has become pigs premix in feed industry after the second important products series. This new project total increase 35 tons of pig feed capacity, including ordinary only 15 million tons, with teaching material feeding, conservation materials, trough feeding piglets new capacity 200,000 tons, fully embodies the product market popularity, and constantly improve the product structure, the promotion product profitability efforts.
The recently formed hubei China accounted for seed industry technology Co., LTD. Is DaBeiNong its golden another important agricultural China subsidiary company, and comprehensively promote in hubei rice seed business areas lead, promote henan, anhui rice seed business. In addition, China will in future of seed industry of hubei expansion, ShuiDaoZhong when zi chan can promoting gb level quality MBT Kisumu2,rice seed days of optimal China.
Although the DaBeiNong company from our first time to report a very short time, but it happened to some of the events let us have updated the understanding. We raise 10-12 years to the company for 0.8 yuan respectively EPS forecast, 138 yuanhe 1.90 yuan, the company the value of 10 to 12 years 28.35 yuan respectively, the bottom line 46.61 yuan, 63.66 yuan. According to 40 times p/e ratio in November target price valuation, couples yuan, share price fluctuations in than expected possibility. (catic securities LiYongJiang)