Investment Thesis
Valuation
As analyzed above, we expected diluted EPS of the Company to RMB 2.3 and 2.55 for
2017/2018. And we accordingly gave the target price to 30.58, respectively 13.3/12x P/E for
2017/2018. “Buy” rating. (Closing price as at 17 Oct 2017)
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.
