China Economic Net, Beijing, June 22. Sanhuan Group (300408.SZ) shares fell today, closing at 29.30 yuan, down 3.68%.
On July 26, 2021, the Sanhuan Group hit a staged high of 49.20 yuan during the session.Subsequently, the stock continued to fluctuate at a high level, and reached its highest point of 50.55 yuan since its listing on August 12, 2021.
Liu Zhangming and Yang Song, researchers of Huachuang Securities Co., Ltd., released a research report on July 21, 2021, "Sanhuan Group (300408): Excellent Company Continues to excel in the second half of the year and can expect high growth in the second half of the year", saying that Sanhuan Group has established an MLCC As the core development strategy, the mature business growth business and emerging business on the product ladder have fully blossomed, the advanced material platform has been established, and the leading trend of domestic material components has emerged. Compared with the leading Japanese manufacturer Murata Kyocera, there is still huge room for growth in the third ring. The company has fully proved its excellent management level and product competitiveness.Considering the company's performance that exceeded expectations in the second quarter, the company's 21-22 EPS was raised from 1.2/1.53 yuan to 1.26/1.58 yuan, with reference to the valuation of comparable companies such as China Ceramic Materials/Fara Electronics, considering the company's historical average valuation is higher and With high certainty of its own growth, it is given a 50X valuation in 21 years, corresponding to a target price of 63 yuan, and maintains a "strong push" rating.
