NVC Lighting recently won the praise of Macquarie's author. After the 5th Macquarie Greater China Regional Conference, he released a research report on NVC attending the meeting, saying that with the founder Wu Changjiang returning to the company as CEO, and Germany After Hao Runda’s Wang Donglei became the non-executive chairman, the management and board structure has gradually stabilized; although NVC and Dehao Runda are still in the initial stage of relationship development, Macquarie believes that the turmoil of the past year has passed. period.
Value and prospects are affirmed. In addition, UBS also released a research report on DHL Runda at the beginning of the month to maintain the "Buy" rating. The report confirms the value and prospects of NVC and believes that NVC has become the most important of DHL. Strategic layout, the current cooperation between the two sides includes the payment of a fixed fee for the use of the NVC brand, the sale of LED light source products through NVC, and the partial LED lighting products for NVC.
In fact, the National Development and Reform Commission issued a confirmation letter at the end of March, agreeing that Dehao Runda acquired the equity of NVC through its wholly-owned subsidiary in Hong Kong. With Wang Donglei appointed as the executive chairman of NVC, Dehao Runda currently holds NVC 20.24. UBS believes that as NVC resumes profitable growth, DHL Runda is expected to confirm more investment income and expects Dehao Runda will continue to increase its holdings of NVC.
Moto's target price of 2.9 yuan earlier, JPMorgan Chase also wrote an article optimistic about the prospects of NVC, that the control of NVC has returned to the management of the real business, and that the stable management will help restore growth. Motong believes that the Group's earnings before impairment in 2012 were much higher than expected. With the increase in demand, this year's sales and gross profit will increase. Maintain the Buy rating on NVC and raise the target price from 2.6 yuan to 2.9 yuan. .
After the alliance between NVC and Dehao Runda, it is undergoing full-speed LED lighting transformation. With the government's favorable policy support, Wu Changjiang has clearly stated that it hopes that LED lighting will account for about 20% of the overall sales of NVC in this year. NVC's future performance growth highlights.
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