🔥澳门赌博公司排名-正规博彩公司评级-澳门网上博彩公司评级-东升化工有限公司
Thiophene|Cyclopentanone|Sodium thiocyanate--Xinyi Dongsheng Chemical Co., Ltd.
Xinyi Dongsheng Chemical Co., Ltd.
Thiophene
Thiophene
2-Thiophenecarboxaldehyde
2-Thiophenecarbonitrile
Thiophene-2-Thiocarboxamide
Diafenthiuron
Add: Chemical Industrial Park, Tangdian Town, Xinyi City, Jiangsu
Fang Fayang (Sales Manager)
+86-18118594111
Tel: +86-516-88603318
        +86-516-81603316
Fax: +86-51681602689
Chemical earnings valuation of some sub-sectors are expected to double up
Date: 2015-02-15

The chemical industry in 2014 is still in the process to production, supply and demand in a slow improvement stage, industry PB at a low level. Industry analysts said, potash, disperse dyes and other sub-sectors in the demand for the better, in cost reduction, driven by performance and valuation is expected to usher double up. In addition, the presence of state-owned assets into the reform is expected to benefit the company, these companies are also worthy of attention.

Benefit SOE reform

In addition to time shares, the chemical industry as well as state-owned enterprise reform and reorganization of the company's most popular market in transition class.

Dow technology listed on December 3, as of December 22 closing, the stock has risen 75.8%, ranking first in the sector rose. Were subsequently ranked Qingdaojianye Sinotex, the two companies have recently implemented a major reorganization of assets, the main industry were changed to the media, the securities industry.

Recent introduction of foreign investors and the establishment of a joint venture Yuntianhua, the stock has reached a new high this year. December 17, Yuntianhua released set by the plan, and announced a partnership with the world's leading fertilizer producer Israel Chemicals Ltd. to carry out a comprehensive strategic cooperation. Yuntianhua scheduled to be adopted by the introduction of strategic investors, and to establish a joint venture covering the phosphorus industry downstream joint ventures and R & D centers, the full expansion of phosphorus industry. After the completion of scheduled increases, the sky of the sky of the Group held by the proportion of shares declined 53.83% to 45.76%. The company said the move was in line with promoting the mixed ownership, improve state-owned enterprise reform of state-owned asset securitization trend rate.

Another fertilizer Chitianhua listed companies, the actual controller recent changes by the Guizhou Provincial State for San Franciscans Church 丁林洪 actual control. December 21, Chitianhua release set by plan, intended to raise 2.6 billion yuan of funds "blood." The set also attracted by private institutions Zexi 1.1 billion yuan in cash to subscribe. Affected by this news, Chitianhua December 22 resumption will come limit.

According to statistics, the basic chemical industry, state-owned holding more than 90 listed companies, the actual controller mostly provincial, municipal SASAC, while the actual control of a few companies in the central enterprises. Ping An Securities research report that, with the provinces to promote the state-owned enterprise reform, low capitalization, poor performance of state-owned assets into the possible presence of chemical companies, merger or reorganization of business transformation, bringing the market value of greater flexibility; some chemical listed companies despite continuing losses However, only state-owned holding company whose sole shareholder of the listed platforms. If the controlling shareholders under unlisted quality assets more actively promote asset securitization background in the country, these companies concern, is expected to usher in earnings and enhance two-way chance.

Valuations are low

Currently the chemical industry to production trend continues, the overall profitability of the industry has not been significantly improved, and the high financial costs of listed companies. Data show that in 2014 the chemical industry listed company's financial expenses in proportion of total profit reached its highest level since 2008. Under the double pressure of listed chemical enterprises showed a monthly growth rate of investment in fixed assets decreased state, industry production capacity expansion decelerated.

On the other hand, as the coming year is expected to enter the rate cut cycle, is expected to reduce the cost of debt financing, net profit margin is expected to improve the industry as a whole. According to Guotai Junan estimates, if the loan interest rate of 6% on average, for every one percentage point interest rate cut, the chemical industry's overall net profit will rise 4.7 percent.

It is worth noting, PB valuation of the chemical industry at historic lows. The industry believes that there is strong support for the performance horse underestimate the value of shares will be the first to usher in the valuation of repair. Data showed that the "dye Hutch" Zhejiang Longsheng and RunTu shares in the first three quarters of net profit of 27.1 billion yuan and 7.6 billion yuan, an increase of 122% and 82%, respectively. Among them, RunTu shares rose 20 percent since December. Huaneng Power achieve 9.983 billion yuan net profit in the first three quarters, an increase of 91.4%, an increase of 12% since December.

Some sub-sectors essential for good

On the demand to improve, driven by lower costs down, some chemical sub-industry profitability is expected to improve in the near future. Improvement on the one hand, the demand side will provide a solid foundation to improve performance, is expected to potash, disperse dyes and other industries is expected to lead to benefit. On the other hand, oil prices fell sharply, some chemical sub-sectors will benefit from the cost reduction.

Some analysts said that after two years of falling prices, potash prices have been at historic lows, some market potash and fertilizer prices have been upside down, which will promote potash consumption. Fertecon consulting firm expects 2014 global potash consumption growth of 8%, the Middle East and Asia potash demand is expected to continue to grow. Production capacity is expected in 2014 -2016 new global potash production capacity is limited, industry operating rates will rise. In addition, on November 18 at the Ural potash mine flooding accident occurred one affected capacity is expected to be difficult to recover in the short term. 2014 regional potash stocks were lower; manufacturers currently have a strong willingness to raise prices.

China's potash market prices in the international market depressions, 2015 large potash contract negotiations are underway. Insiders expect a big contract in 2015 potash prices will increase.

Disperse sub-sector continued to benefit under strict environmental policies to capacity, enter the end, the price increase is expected to disperse renewed. Ping An Securities research report that, as a high-polluting sub-sectors, the country's future will increase the dye industry, environmental remediation efforts in 2015 will be more environmentally friendly dye industry tighter, disperse industry concentration will be further enhanced. At the same time, an important raw material disperse H acid major supplier rather 夏明盛 discontinued due to pollution incidents desert, resulting in reduction of material out of the situation faced by the first half of 2015, the price of which will support the formation of disperse dyes. The demand side, China's printing and dyeing cloth industry growth continued rising, although in December and features the past season did not appear, but the dye business shipments improved significantly.

Since July of this year, international oil prices all the way down, within six months fell more than 40 percent. Crude oil prices makes most downstream chemical products lose support costs, prices fell in varying degrees, but it also benefited from lower raw material costs. Part of the downstream fine chemical products as close to the end consumer, the price decline is less than the cost of the decline, the overall level of profitability has been improved. Based on this logic, analysts pointed out, accompanied by a significant decline in oil prices, the fundamentals of butadiene rubber, chemical fiber, modified plastics, paint and other industries will be a turnaround, profitability improvement. Which benefited from a significant decline in the cost of raw materials, PTA and MEG, polyester filament spread further. Tong Kun shares in order to benefit the company, for example, nearly a month since the company's share price has surged more than 20 percent.

Back >> 
Home | About Us | Products | Facility | News | Order | Contact Us | 中文版 【Admin】
Copyright(C)2015, Xinyi Dongsheng Chemical Co., Ltd. All Rights Reserved. Supported by ChemNet ChinaChemNet Toocle Copyright Notice
 
点击这里给我发消息
东升化工
 
 
 
 
🔥澳门赌博公司排名-正规博彩公司评级-澳门网上博彩公司评级-东升化工有限公司