Global Business Information: China's self-developed high-tech tablet PC world premiere this month, the month

The orders almost Amazon Kindle Fire tablet twice the number of requirements of the production in the fourth quarter. Thus, we can also see that, despite the current market has many competitive products, but Apple still believe the iPad Mini market demand.So far, Apple has been no official confirmed plans to launch a small tablet computer. But just from the Wall Street Journal news that Apple suppliers said they have received an order, at least 10 million units of iPad production in the fourth quarter of the Mini.Th ainol novo 7 advanced 2 orders almost Amazon Kindle Fire tablet twice the number of requirements of the production in the fourth quarter. Thus, we can also see that, despite the current market has many competitive products, but Apple still believe the iPad Mini market demand.The first quarter Apple sold 17 million iPads, an increase of 84% compared to the same period last year, and 10 million units iPad Mini Apple a lot of sales expected this year, the year-end holiday season. The same time, the investment bank, Deutsche Bank predicted that 18 million iPads Apple sold in the third quarter of this year, while the fourth quarter of this figure will rise to 24 million igogo
Apple is still the world's largest manufacturer of tablet PCs, but its market share has been swallowed in subsequent launched Android tablet. Samsung 5.3-inch Galaxy Note verify the consumer demand for small-sized flat panel with 7-inch Amazon Kindle Fire, Apple is still only 9.7-inch iPad, so at this time launch iPad Mini seems logical.IPad Mini rumors with a 7.85-inch screen, but Apple refused this order regarding the comment. All of these rumors are true, the answer will be announced later this month Apple media will industry "Twelfth Five-Year Plan" clear direction and capital market reform process. The financial industry, "the 12th Five-Year Plan" to confirm the direction of capital market reforms and the process will vigorously develop the overseas market, bond market and the derivatives market, while easing asset management, vigorously develop institutional investors; reform of the capital market will give the development of the securities industry provide important opportunities for development. The securities industry from the traditional channel business to business restructuring of capital intermediaries, brokers in three directions for major development: First, the asset management business, the full liberalization of the asset management business and sell the liberalization of the financial products business to brokerage asset management the business development opportunities; capital intermediary lending business, margin trading and stock-secured financing business (such as stocks convention repurchase, customer financing, etc.); Third, the market maker and class market maker business, that securities companies through Design product sales a capital intermediary business to institutional and individual customers.
Traditional business record the lowest level in nearly four years, innovative business growing. Three quarters of the average daily trading volume of brokerage business and the size of the IPO in nearly four-year low, down the space of traditional business, while increasing the size of the margin, innovative businesses continue to introduce new business revenue contribution will gradually increase, so the brokerage performance down space.The broker valuation security. Valuation terms, because most of the net assets of the securities company for cash or cash assets, valuation of brokerage PB floors, large brokerage PB valuation of 1.5 times, with strong security, even if the markets continue to under the brokerage stocks down space is ipro i7 limited.Innovation in transition, brokerage stocks upward elasticity increased. Turn a good time in the market, the traditional brokerage business will significantly increase the performance of securities firms, broker in terms of valuation and performance dual enhance resilient than other industries; due to the transformation of innovation in the industry, the market is good, new business further enhanced by rapid growth, such as the balance of the margin, and sell financial products will rapidly increase, which will further enhance the flexibility of the brokerage stocks. Therefore to turn good time in the market, brokerage stocks must have led the industry.
Together, whether it is performance or policy, the industry turn a good probability much greater than the probability of further deterioration. Traditional business at a low level, change for the better to increase the probability; New business step by step, to increase the industry revenue; confirm the direction of the reform of the capital market, to continue to continue to introduce new business and favorable policies; probability of a change at the policy or performance is much larger than the probability of a further deterioration.Recommend the subject: Haitong, CITIC, China and Thailand, Everbright. (SW Securities ResearchInstitute)Thepharmaceutical sector growth stock adjustment is increasing with the opportunities (recommended stocks)creasing with the opportunity. Recently, the government improve the urban and rural residents, serious illness insurance, will further release medical needs; announced tender policy in some provinces and cities, more emphasis on quality, pricing transition to rationalization; SFDA to increase supervision of the Pieces of Chinese medicine industry to accelerate the industry survival of the fittest; the NDRC new round of price cuts The program was announced, but neutral to leading companies. Warming, the industrial policy to promote the enterprise Hengqiang, the 2013 layout should be entering the fourth quarter, October we recommend:
1.12 high growth, 13 years of continued rapid growth stocks: Kangmei Pharmaceutical (Pieces, trade, red ginseng, Baokang US joint venture are the growth points, the current undervalued); Tasly (CSDP, Yangxueqingnao Qishenyiqi Pill continue to benefit from the heavy volume of Essential Drugs List); Yunnan Baiyao (the relocation completed a comprehensive benefits embodied core species continue to grow rapidly); the Sinopharm consistent (antibiotics benefit grassroots market); Guangzhou Pharmaceutical (Wanglaoji, strength of the brand, 20 The following is safe to buy);Significant improvement in the company of the start of the fourth quarter business: East E-Jiao (September sales rose more than 50%, the fourth quarter will be strong growth); Renhe Pharmaceutical (Fuyanjie excellent Cardin and shiny Extended new product push to the market, the results of the fourth quarter will be strong growth in 12 years, only 15 times forecast earnings, undervalued growth stocks); Tung Fu Long (fourth quarter revenue will accelerate clear), 13 years of rapid growthNew urbanization is expected to become an important part of the next government policy agenda. Recently, state leaders on several occasions and repeatedly mentioned the new urbanization, stressed that the new urbanization is a collaboration to promote urbanization, industrialization, agricultural modernization, and to promote the transfer of rural population truly integrated into the city.
SWS theme strategy in the summer of 2012 strategy "from the" land reform "Imagination" new urbanization of the road "for the first time prompted the investment opportunities of the new urbanization, new urbanization is no longer a simple accumulation of reinforced cement concrete city lifestyle to promote the evolution of the rural, more green urbanization, is more wisdom urbanization. The same time, as the first report of this series, with particular emphasis on the new land reform is expected to gradually solve the long-term sources of funds for the new urbanization, the main push the subject Jahwa Hud ecological, Golden State Pipeline, ST-leading, such as performance, the main push of the underlying portfolio outperformed the CSI 300 Index 15.4%.The development path of new urbanization can be summarized as "fine investment stage, the new consumer singing". The fine investment policy precise point-to-point blow, the wisdom of policy choices, and set up the stage for the economic transformation and upgrading of consumption, rather than gets going on blindly carry "Iron Kimimoto" project. To say the least, the balance sheets of the local government does not support the extensive gets going on the finer selective investment is the trend.The investment in environmental protection, gas for the new urbanization "stage": investment in new urbanization, the most promising field of green, intelligent city, city gas, urban rail transportation, photovoltaic roof construction sub.
The new urbanization consumer "singing", will lead the new round of spending big cycle. The new urbanization special emphasis on the evolution of urban lifestyle and culture to rural areas. In fact, along with the changes in the economic cycle, with the core consumer goods type of consumption there are large cyclical fluctuations, and the social zero total growth rate of up to 31%, the minimum to 5% or less. Along with the new urbanization in the gradual deepening of the next 10 years, health care, smart appliances, baby products, organic food, and entertainment experience the new urbanization consumer or will rise to lead a new round of upward cycle. More important, changes in consumer habits may result in the Chinese gemei g9 household sector and leverage our residents liabilities only (currently 9%, and to imagine farmers began to brush credit card?) Family balance 1% increase, new consumer The potential is expected to reach 700 billion.We continue to be optimistic about the energy saving and environmental protection, smart buildings, smart city, city gas, urban rail transit investment stage "Industry; subdivision also optimistic about the family, media, health care, baby products, smart appliances and other consumer singing" industries. Continue to strategically optimistic pre recommend Jahwa Jinzhou pipeline ST leading Hud ecological, clean water source; new strategic recommend - Seiko Steel ("Twelve Five" rooftop PV installed capacity 10 times, opened the green urbanization, a new chapter). Securities Research Institute)Smart phones, tablet PCs driven electro-acoustic industry continues to grow (recommended stocks)
2.0 era of consumer electronics, intelligent, cloud, light and thin, the speed will become the main features of the new era, the electro-acoustic industry toward efficient, thin and light. The intelligent electronics products will also greatly enhance the the voice interactive features, the acoustic products must achieve better sound acquisition, processing, synthetic function, so that significantly enhance the performance of the electro-acoustic devices. Thin is an inevitable development trend of consumer electronic products, slimmer design requirements for electro-acoustic devices, to promote a number of new technologies, new products, new program. Electro-acoustic industry will significantly benefit from the advent of consumer electronics 2.0 era.Smart phones, tablet PCs driven electro-acoustic industry continues to grow. From the current market applications, the phone is still the main market of the electro-acoustic industry, with the continued increase in smartphone shipments, electro-acoustic device usage and improve product value. The rapid outbreak of the growth of the emerging tablet PC market, focusing on entertainment audio and video applications, to become the new growth momentum of the electro-acoustic devices industry.Speaker modular, functional diversification enhance enterprise value-added of the electro-acoustic. Compared to conventional speaker device, the speaker module design greatly reduces the difficulty of acoustic design of mobile phone companies, at the same time enhance the design of electro-acoustic enterprises added value, increase the value of the product. At the same time, some enterprises to adopt the integrated design of the sound chamber antenna, mobile phone antenna and speaker module combination, further integration of industrial chain.
Noise reduction technology to promote the microphone market doubled. With the rising of new products for acoustic devices, multi-microphone noise reduction technology is adopted by vendors such as Apple, Samsung, HTC, Huawei, the use of the of multiple satellites microphone and noise reduction chip design greatly enhance sound collection of consumer electronic products and noise filtering ability to promote a miniature microphone market grow exponentially, With the the 3 microphone design iPhone5 import, use of the microphone in the future of consumer electronics products is expected to continue to increase and promote the continued growth of the industry.The silicon micro microphone (MEMS) into the mainstream of the industry. Traditional electret microphone (ECM) can not meet the requirements of a new era of consumer electronics products of electro-acoustic devices, light and thin, more efficient, by micro-electromechanical systems technology matures, silicon micro microphone (MEMS) has gradually become the mainstream of the market trends, models in the mainstream of international companies in the rapidly growing popularity to become one of the important driving force for the rapid growth of the industry market size of the miniature microphone.
The Portfolio: GoerTek total of electro-acoustic. China's domestic consumer electronics brand enterprises to flourish excellent development opportunities for the local electronics manufacturing, excellent electro-acoustic enterprises grow soil; same time, enhance the ability of enterprise technical strength, R & D, excellent electro-acoustic enterprises also successfully entered the international front-line customer supply system, to jointly promote the rapid growth. GoerTek local electro-acoustic enterprises on behalf of the enterprise, relying Samsung, Apple, Sony, Panasonic and other international companies, customers, and constantly develop new products and technologies to meet customer demand, the bigger and stronger industry igogo tablet 10 android chain system, by virtue of the advantages of precision manufacturing capabilities long-term rapid growth, with the smooth progress of the company phone MEMS microphone as well as cell phone camera modules, the future of the company is expected to maintain a sustained high growth. Total of electro-acoustic scale is relatively small, but when speaker products accumulated in microphone technology advancing smoothly, with international customers, Samsung, Apple smooth pioneering MEMS microphone business, the company applied to the Tablet PC has great performance flexibility, the company has a large potential for growth