JP Morgan issued a research report, the first to NVC "overweight"rating, until December 2011 target price of 5.3 yuan, a considerable price-earnings ratio of 21.3 times 2012 forecast, [that is the mainland's largest supplier of lighting, the brand, about 60 % revenues come from energy-efficient lighting products, the supply of 9,000 lighting systems, and 1,500 kinds of lighting products.
Mount Pass that NVC May 20 this year on the market, rose 108% have been tired, and expected its 2010-2012 EPS CAGR of 29%, and that his price forecast in 2011 is only very 22 times earnings, and price-earnings ratio of 16.6 times in 2012.
Mount known, NVC lighting distribution network is key to its success, NVC most products sold through its own network of shops, the company has reached the end of 2009 to 2,500 sales outlets, and plans to expand its 30% point of sale, plans To 5,000 in 2013; one of the reasons for the NVC's strong growth and high profits the ability of its lighting products, distribution network to promote new products.
And the bank estimates, NVC lighting in the 2010-2012 forecast earnings per share were 0.02,0.03 and 0.03 yuan.
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