Mizuho Securities lowered the expectation of China Paint Co., Ltd.4 Press the "start" button to raise the pendulum
Mizuho Securities lowered the expectation of China Paint Co., Ltd.
June 5, 2012
[the prosperity of China paint and paper industry continued to decline, and the paper mill is short of only one card to play information] Mizuho Securities recently lowered the target price of the stock of Japan China Paint Co., Ltd. (China paint this or the chemical industry related to the documentary "plastic kingdom") from 480 yen to 320 yen, And continue to make investment decisions (bearish) for "backward markets". According to his introduction, under the background of declining demand for marine coatings and falling prices, it is expected that the profitability of China Paint Co., Ltd. will continue to decline in the next three years. The company needs to formulate countermeasures to expand polyurethane building sealant jc482 ⑵ 003 other industrial coatings business to make up for the decline in the marine coatings market, such as accelerating the expansion of business areas and new product development, reducing fixed costs, etc