Yonggao shares: benefit from the trend of hardcover houses, the price is diluted to increase the net interest rate
July 15, 2019 08:12:34
Source: Securities Times
Huatai Securities released the research report of Yonggao Shares that the fine decoration of residential buildings has become a trend. The company plans to issue convertible bonds to expand production capacity and improve regional layout. The company's revenue growth rate is expected to continue to grow; the company's net interest rate level is relatively large with China Liansu. The main reason for the gap is that the company's expense ratio is high, while the income is high and the diluted expense rate, the company's net interest rate still has a large repair space. We expect the company's net profit for the period of 19-21 to be 4.48/5.65/678 million yuan, corresponding to EPS of 0.4/0.5/0.6 yuan, and the first coverage will be given a "buy" rating.