Oriental securities

Faw Fu Wei (600,742): target price $ 33.55 company as a subsidiary of Faw important parts of platform business, the next 3 years will enter the stage of a new round of development followed by Faw-VW, supporting business volume move will drive corporate performance and sales structures into the fast-growing stage. Companies new business area of passenger car air filter into the lamp, although in the short termDifficult to substantial contribution to earnings, but in the long run, help further improve the business structure, expand room for growth, strategic significance and the potential for incremental contributions will be very substantial. Companies in 2012, only 7.2 times times, value was significantly underestimated. 2012 target price for the valuation of the company $ 33.55, maintaining company "buy" investment rating. （Oriental securities) Arts shares (600,770): new projects continued with recent experience in component prices unexpectedly slashed, but enhances the performance of the company of certainty. Might be expected to FiT changing and fixed internal rate of return required by overseas sale price should be consistent with previous maintenance of power plant projects. Company combines technical, market, financeGold and the strengths of industry chain, expects 4 quarters of power plant settlement and newly started project continued to punch, 2011 diablo 3 power leveling, 2012 earnings per share of $ 0.81, respectively $ 1.42, Trojan 21 times respectively times correspond to earnings and 12 times, maintaining "buy" rating. (US joint) ConMed pharmaceuticals (600,518): extending industrial chain to be companyIn recent years by extending industrial chain, closely centering on herbs and herbal core business, namely cut in areas such as storage base of Chinese herbal medicines, herbal, and consumer goods, industry voice has improved significantly. As Chinese herb medicine in bozhou new market built on track for a new business model, maintain 2011 earnings per share forecast is 0.53 Yuan, $ 0.74, respectively 1.00 Yuan, respectively diablo 3 gold, an increase of 61%, 40%, and corresponding dynamic was 25 times times forward earnings, 18 times, 13 times times. Maintaining "buy" rating. (GF)