anxin_liAnxin-China Senior VP Mr. Gordon Li told investors earlier this year the company was seeing tremendous growth potential from China's ongoing migration of villagers to cities and strong government support for the sector.   Aries Consulting file photoBocom: ‘Buy’ call on ANXIN-CHINA

Bocom International said it is keeping its “Buy” call on Anxin-China (HK: 1149) with a target price of 5.8 hkd.

“Revenue of its ISS (Intelligent Safety Systems) business is expected to expand from approximately 10 million yuan in 1H13 to 100 million in 2H13, and Anxin-China is expected to double its earnings every year over the next three years,” Bocom said.

ISS revenue is primarily derived from sales of software, hardware and equipment, primary hardware and equipment, such as surveillance cameras, CCTV products and sensors to enterprises/governments for the purpose of ensuring industrial/public safety.

Anxin-China’s long term target is to achieve a 20% market share in China’s industrial counties, representing a 10x growth based on Bocom’s estimates

In September 2012, China’s State Administration of Work Safety for the first time required multiple industries to conduct multi-network monitoring, thus offering a brand new market for the sector.

anxinshrs9_13Anxin-China's Hong Kong shares went gangbusters in late summer.   Source: Yahoo Finance

“Since Anxin-China currently monopolizes the industry, we expect the company, leveraging on its advantages in product, brand and capital, to enjoy the blue ocean over the next three years," Bocom said.

anxin9_14Anxin recently 2.61 hkdIt added that the rapid expansion of Anxin-China's monitoring centers reflects that the company is working on its target.

"Anxin-China is the only mature Internet-of-Things company listed in Hong Kong and could enjoy tremendous growth brought by the new markets of multi-network monitoring.

"It will also benefit from China’s promotion of 'Smart Cities' and urbanization," Bocom said.

JIANGNAN wins 364 million yuan orders in Sept

Jiangnan Group Ltd (HK:1366), a manufacturer of wires and cables for power transmission, distribution systems and electrical equipment, won export tenders from three markets worth 364 million yuan in the first week of September alone, which equals 17% of the total top line for the January-June half.

jiangnan9_14Jiangnan recently 1.46 hkd with a 52-week range of 1.05-1.63.The tenders include the supply of power cable to Power Works Pte of Singapore, aluminum conductor steel-reinforced cable to National Power Transmission Corp under Vietnam Electricity and all aluminum alloy conductors to Ethiopian Electric Power.

The order spurt comes as good news for Jiangnan Group after its interim revenue sank 10.6% year-on-year to 2.15 billion yuan while first half net profit declined 6% to 150 million.

The interim dividend stood at 1.4 HK cents.

See also:

ANXIN-CHINA Interim Profit Surges 42% 


Share Prices

Counter NameLastChange
AEM Holdings4.530-0.010
Avi-Tech Electronics0.295-
Broadway Ind0.1500.004
China Sunsine0.480-
Food Empire0.535-
Fortress Minerals0.365-
Geo Energy Res0.3950.005
Golden Energy0.495-
GSS Energy0.053-0.002
ISDN Holdings0.4800.005
IX Biopharma0.166-
Jiutian Chemical0.092-
KSH Holdings0.3500.010
Leader Env0.059-
Medtecs Intl0.177-
Meta Health0.0340.001
Moya Asia0.060-0.001
Nordic Group0.425-
Oxley Holdings0.1780.003
REX International0.225-0.005
Sinostar PEC0.225-
Southern Alliance Mining0.670-
Straco Corp.0.390-
Sunpower Group0.3900.005
The Trendlines0.096-
Totm Technologies0.1320.005
UG Healthcare0.210-
Uni-Asia Group1.110-
Wilmar Intl4.1800.010
Yangzijiang Shipbldg0.930-0.005

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1178 guests and one member online

  • Lionel Lim