Event : Jiang Diamond Co., Ltd. announced the announcement of foreign investment, and passed the “Proposal on the Company's acquisition of 40% equity of PDC Logic Co., Ltd. and the establishment of a joint venture company between the company and Hijet Bit Co., Ltd.â€.
Comments : 1. This investment is beneficial to the company to strengthen the diamond drill business, improve technology and optimize product structure. The company is the leader of domestic drill enterprises, with a market share of 85%, but the diamond drill share is less than 10%. PDCL is mainly engaged in the production and sales of diamond drill bits. This investment is beneficial to the company to strengthen the diamond drill business, improve technology and optimize product structure. 2. This foreign investment is conducive to the company's further development of market channels. The company is the largest drill enterprise in China, but the international market share is only about 15%. There is still room for further improvement. This investment will help the company further expand its market channels and open up overseas markets.
Valuation and investment advice: We expect the company's 2012-14 EPS to be 0.32 yuan and 0.39 yuan respectively, corresponding to a price-to-earnings ratio of 45 times and 42 times. Give an "overweight" rating.
Hebei Tuohua Metal Products Co.,LTD maufactures Construction Safey Net.It is the net to make sure the construction safe.Construction Safety Net is made of high density polyethylene.
FE Net and Construction safety net here!
Safety Net Series also covered Construction Safety Net,Scaffold Net,PE Security Fence,Windbreak Net,widely used in construction safety industry.
Construction safety net is knitted with special method. It can be used for construction site to prevent dsbris and object falling, and ensures the workers and pedestrian safety. Besides, it has anti-wind, anti-dust function. It can be folede easily and clean conveniently.
Hebei Tuohua Metal Products Co.,Ltd established in 1996,is a wholly-owned private enterprises with 10000000 registered capital,and 35 professional technician,all products have passed ISO9001:2008 international quality managerment systerm certificate.The preferred supplier of Tuohua manufacture of Safety Net and PE net in China for 20 years.We started our intrenational business 10 years ago.
Construction Net Series
Green Construction Safety Net,Building Safety Net,Green Debris Netting,Construction Debris Net
HEBEI TUOHUA METAL PRODUCTS CO.,LTD , http://www.penetting.com