To find new energy investment
In early 2009, has launched a new theme of energy research, analysis of new investment opportunities in the future energy sector. First half of 2009, new energy, the movement of individual stocks also excellent return on shareholders. After a year and a half, economic restructuring is well under way, the “new energy development plan” for approval soon, as much as 5 trillion of the huge investment will greatly promote the development of relevant industries, the new energy sector is expected to once again usher in a mining speculations, the newspaper re-launched the project, analysis of the investment opportunities for investors information Latitude D820 battery Latitude D830 battery .
In 2010, according to State Grid and China Southern Power Grid investment planning, expected annual power investment 3300-3400 billion yuan, down 10%. Although the network investment has dropped slightly, but there are obvious structural adjustment, smart grid will continue to increase investment.
CSC power equipment industry researcher Chen Yi-hua pointed out that the smart grid sub-sub-sectors can be assured in UHV, intelligent substation, intelligent power distribution, electricity and so smart investment opportunities. Concerned about the high voltage electric field of the West of China, TBEA, XJ Electric; Intelligent Substation area NARI, the National Power South, Siyuan Electric; intelligent power distribution Career Beijing, Xian Yuen Electrical; smart electricity land area of Section E, Hao Nimda, Ott fast; energy saving Hidenobu shares, co-Kang frequency, the British Witten, Kyushu Electric, Wolong Electric.
Everbright Securities analyst Wang Haisheng also proposed to focus on three general medicine, which focuses on the development of carbon fiber composite cable service will increase the valuation space Y9943 Inspiron 630m battery . If the cable section according to the average valuation level, the reasonable price of 25 yuan.
This is a major automotive lithium batteries. China Yuan Securities researcher Cheng Weishan said the next five years, driven by the new energy vehicles, power lithium demand will increase several times. Lithium battery manufacturing, and the electrolyte membrane highest gross margin is expected to realize large-scale localization. Recommendations concern electrolyte membrane and related sectors, such as Fosugufen, Fluoride, Jiangsu Guotai. Batteries recommended by its manufacturer for concern Sailing shares.
Sealand Securities analyst, said Yan Bing Zhu, Li-ion battery Xingye more related stocks, corporate capability of the technology leader in the industry has a certain scale, the future 产 capacity-expansion capacity-related industrial chain extension would Chao Yue Industry Company 发展 having long Touzi value. Optimistic Foshan Lighting, Fluoride, Jiangsu Cathay Pacific, CITIC Guoan and other related investment opportunities in individual stocks.
Everbright Securities Wang Haisheng recommendations concern the ocean motor. Is a new energy performance car industry’s most flexible and subject barriers. Company intends to open additional, capital increase and the core component of new energy vehicles in the field Inspiron 640m battery Inspiron E1405 battery .
At present, China built nuclear power plant 25 million kilowatts in 24 units, accounting for nuclear reactors under construction around the world for over 40%. The next 5 years will maintain rapid growth of nuclear power.
Guangzhou Securities Strategy Group believes that this new energy industry, nuclear power is an important component revitalization plan. Related companies such as Dongfang Electric, Shanghai Electric and other more direct benefits, the proposed attention.
CSC Chen Yi-hua recommendations focus on much-needed equipment in the field of nuclear localization: Forging, nuclear main pump, nuclear valves, welding, instrumentation and so on. Units such as the main equipment manufacturers Oriental Electric, Shanghai Electric, a Chinese weight, and the urgent need for localization of key components of manufacturing enterprises in nuclear science and technology, southerly shares, since the instrument shares XPS M140 battery .
From the national point of view, “12 5″ period, natural gas share of energy consumption structure will be increased to 8%.
China Merchants Securities analyst Qiu Xiaofeng, said the current system of natural gas, coal A shares in listed companies with Datang Power and Guanghuigufen, its size was 8 billion cubic meters and 4.9 billion cubic meters. There are also 10 000 Banda in the coal chemical industry wastewater treatment. Learned from the current situation, Datang’s coal-gas treatment to prepare myself, and in which the coal chemical industry, direct coal liquefaction and coal-gas treatment system the most difficult. Indirect coal-to-olefins and coal liquefaction are relatively easy.
Xiao Hui, an analyst at Huatai Securities joint coal-gas industry to “overweight” rating, the proposed benefit to the entire industry chain of companies: Datang Power Generation, Guanghuigufen, 10000 Banda.
Period of rapid development of wind power is now over, the valuation should not be too high. Offshore wind power technology is difficult and costly to the equipment manufacturing requirements are very strict, reflecting the company’s comprehensive strength. CSC Chen Yi-hua recommendations focus on large capacity units, as well as offshore wind turbine manufacturers Jinfeng Technology and Hunan Electric shares VGP-BPS10 VGP-BPS10A .
Guangzhou Securities pointed out that the cost of one kilowatt in accordance with the current 8,000 yuan to 10,000 yuan to calculate it, wind up the total investment will reach 1 trillion yuan. Company listed on the wind-related technologies, Zhenhua heavy industry and other worthy of note.
Everbright Securities analyst Wang Haisheng proposals concern Dongfang Electric. Company’s new growth to compensate for thermal energy equipment, electrical equipment fell, the next three years, more than 20% compound growth rate; nuclear power business in 2011 revenue Chaobai Yi, valuation to be improved.
Bohai Securities analyst Cui Jian said that in the German solar subsidy cut, the haze makes the debt crisis in Europe in the second half of PV subsidies European countries increased uncertainty, causing investors to worry about the future increase in demand VGP-BPS10A/B VGP-BPS10B .
CSC Chen Yi-hua pointed out that PV subsidies by the European countries reduced the impact of lower demand for solar modules may be dropped in the second half; upstream polysilicon excess capacity, with production capacity of polysilicon production concentrated in the past two years, polysilicon prices have continued to maintain lower level. Overall, the PV industry still waiting for a recovery. Compared with other new energy sub-sectors, solar energy is relatively bearish investment opportunities.
Recently, the SERC, the Energy Bureau, the five major Power Group, State Grid, South Network, Inner Mongolia, power companies received “Development and Reform price <2010> 1578 number” text - on improving plant biomass power price policy, notice want to plant biomass power projects to achieve benchmark electricity price VGP-BPS13 VGP-BSP13/S .
Guoxin Securities analyst Xu Ying really optimistic about the prospects of biomass industry, at present, Kaidi Electric Power’s nine biomass power plant now under construction, according to the future national unity 0.75 yuan benchmark price measure, the profitability of each plant in 2000-2500 million range is relatively assured, while the company’s current construction of a coal mine and power station operations still have a stable source of profit. It is estimated that by 2011, the company net profit in 2012 were 400 million and 600 million, equivalent to the current share capital of the EPS was 0.68 yuan / 1 per.
States Securities researcher Gong Junjie recommendations concern Shaonenggufen. Currently, the company is raising private funds to invest in biomass power generation projects, the company brings new profit growth point. Shaoguan City is rich in biomass resources, biomass power plants can be provided for the establishment of adequate sources of raw materials, Shaonenggufen development of biomass power generation projects with significant cost advantages. He predicted, assuming the company non-public offering completed in early 2011, the company PB value is only 1.56 times, 2.16 times the power sector well below average, 6-month target price of 6 yuan.
Background VGP-BPS13/B
July 20 National Energy Bureau, Planning Secretary Jiang Bing said “emerging energy industry development plan” after several revisions and improvements are now more perfect and mature. Currently, preparations are being submitted in accordance with the procedures and approval. The planning period for the 2011-2020 planning period will directly increase the total investment 5 trillion yuan. Including clean coal, smart grid, distributed energy, energy car upgraded with the new change, nuclear power, wind, solar and biomass energy resources in the new development will include the use of them, a huge market imagination VGP-BPS13A/B VGP-BPS13B/B.