标题：Kehua HengshengAnother IDC project in Tier-1 city robust profit growth
发布日期：2016-03-07 14:17:06
内容： Reiterate BUY rating. With help of the Guangzhou project, the Company will get more IDC resources in Tier-1 cities to support its profit growth. As the leading Chinese maker of high-end power source, the Company has been transforming into a IoE enterprises gradually based on its technological strengths and achieve synergies among its three major businesses, i.e. high-end power source (original core business), alternative energy (including micro-grid/energy storage) and Internet data center. We remain optimistic about prospects for those businesses, and reiterate its 2015-17E EPS estimates of Rmb0.66/1.34/2.07. We reiterate its TP of Rmb67 (50x 2016E PE) and our BUY rating as its profit will get a strong boost in 2016 and IDC/IoE businesses boast huge growth potential.
发布日期：2016-03-07 14:17:06
内容： Reiterate BUY rating. With help of the Guangzhou project, the Company will get more IDC resources in Tier-1 cities to support its profit growth. As the leading Chinese maker of high-end power source, the Company has been transforming into a IoE enterprises gradually based on its technological strengths and achieve synergies among its three major businesses, i.e. high-end power source (original core business), alternative energy (including micro-grid/energy storage) and Internet data center. We remain optimistic about prospects for those businesses, and reiterate its 2015-17E EPS estimates of Rmb0.66/1.34/2.07. We reiterate its TP of Rmb67 (50x 2016E PE) and our BUY rating as its profit will get a strong boost in 2016 and IDC/IoE businesses boast huge growth potential.
