Navinfo (002405.CH): The consolidated of AutoChips provides strong momentum October 27, 2017 849

  • The consolidated statements with AutoChips contribute to great growth in result
  • The Company keeps increasing investment in R&D and optimizes its operating efficiency
  • The Company starts to lead the automatic driving industry — a key to the Internet of

Investment Thesis

NavInfo is a leading supplier providing navigation maps and dynamic traffic information services in China. We expected that with the continued efforts to expand its car electronic map, car networking and compilation service business, the company`s profit rose again. We expect that the 2017/2018 EPS of the Company will be RMB0.20 and RMB0.35, respectively. Based on the prediction, the target price will be RMB29, and the Company is given Accumulate rating. (Closing price as at 25 Oct 2017)

About the author

Profile photo of Zhang Jing

Zhang Jing
Phillip Securities (HK)

Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.

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