銆€ Explain: The purpose of thisSELL-SIDEReport. This report explainsProblem, risk factor, the problem of rawThis some problems are the key of this profession successful development , are also the important standard of the company that selects to deserve making investment. Then, I will select the stock company of suitable investment according to these standards.
* * *PolicySummarize: 2 shells Mi is the chemical engineering of coal a kind of, when carbinol and 2 shells Mi have gotten certain advantage recently with coal system in this 3 kinds of oil choice, but this does not signify to enter blindly the repayment that this profession can get very well. Carbinol has also been very hot , but has now excessed , application has not developed yet, so government for 2 shell Mi is still very prudent.100The threshold restriction of 10 thousand tons though does not let is reasonable, but it is also to endure to weigh the rear decision made. Technology is progressive and experimental unit the working government of these basicnesses pays attention to more some, because if foundation is not hit , the aftermath of again wrong decision-making is very serious. But government support 2 shells Mi the attitude of profession development is made clear very much, but not hope to see , develop and waste blindly. From following risk factor, once developing not good, negative aftermath is very serious. Standard aspect, as the standard of civil fuel, comparison is decided well, because of 2 shells Mi compare convenience as civil fuel, also compare economy, but as vehicle, it is many to trouble with fuel, there does not be big improvement in price and the problem short period of supporting facility, complete replacing diesel oil is still unrealistic, Chan temperature situation near future will not have too big change. Therefore, for the 2 shells with civil fuel as market direction Mi related company more worth-while attention.
* * *Risk factor summary: High oil price can not keep ( see from the recent tendency of oil price, this is not a very serious problem, but long term come to see will consider still), the competition of other new energies( this problem near future is also not very serious, because of solar energy wind energy etc. do not become climate ) is applied ( market) problem( this is very realistic also serious problem, need government to coordinate and sustain energetically, especially the construction of supporting facility and the design of standard), coalUsing efficiency, it is low comparatively( needs raise technical level energetically), water resource consumption is too big( is short of water region therefore to want Shen trip), not environmental protection( because emission carbon dioxide is many, but the catch carbon dioxide that can be also easy more ), investment is big( investment side must have enough strength), not come produce can be possible to excess ( must have enough advantage on application, is sufficient to come while facing possible appearance produce the situation that can excess ), safe problem, transport problem( cost comparison is high, had better be near goal market therefore).As vehicle, may be faced with the situation similar to carbinol petrol with fuel: There is cost advantage but have no to reduce right , also possible elephant carbinol so, produce can release application has not caught up with. Therefore when selecting company, should pay attention to its ability of bear for method and for above-mentioned risk factor.
* * *Scale problem summary: Overall scale is still little. Should select the enterprise that has certain scale and has reliable goal market. However, scale is not absolute, can is just the best scale with the scale that goal market accords with relatively, not definitely is the more good the more.2 domestic shells7010 thousand20010 thousand tons. It is safe2 present domestic shells Mi production210 thousand tons20052 annual global2010 thousand1010 thousand
* * *TechnicalSummarize: Now, many domestic companies have claimed to be to possess advanced technology , it is not very convincing that however, any a kind of technology can reduce massively substantially the saying that cost so realizes enough good benefit. When choosing company, should pay attention to the application condition of reality and the advancedness of its technology. Because the advancedness non-professional of technology is nearly impossible to judge that therefore, the major ability of controling and resisting risk still from cost is judged.
* * *The problem summary of raw material: When selecting company, notice the convenient degree of the supply of raw material and supply cost. When selecting company, should pay attention to the influence of change to company's cost of coal and carbinol price, company had better had better have comparison the raw material of winner the ability of being self-sufficient. Is short of the 2 shells of water region Mi project has great inferior position.
* * *The problem of application ( market ) is summarized: As civil fuel, comparison ripens , is also faced with the problems such as habit problem and government support as well as transportation however, as vehicle, wanting equivalence shelf with more fuel more difficult comparison to fall is just all right with the construction improvement of supporting facility.Do the promotion of solvent gentle fog dose dose etc. are traditional usages, there will not be too big change. When selecting company, should notice the convenient degree that goal market holds ability and supply , will pay attention to production especially and transportation cost is low, so, can realize the company of higher benefit. When considering market demand, figure of quantity of total demand has no too big meaning, because it is not accurate , and and the correlation of specific a few of companies is not high. Should judge mainly according to company's sale status.
* * *Cost-effectiveness problem: About production cost, can already fall to amount and needs actually to fall to the problem of just benefiting somewhat , have various saying from the angle of profession, this deficiency is rely on. Key wants to see the financial situation of specific enterprise still.
* * * *Market pays attention to degree problem: As aAThe site of the stock market this last concept the possibility of lifting upsurge recently again is not large. Intervention 2 shells Mi the condition of business that stock company has not been benefited generally substantially therefore appearance. More is because of the chicken dog liter of replacing energy that oil price brings high day. Therefore what I pay attention to more have the enterprise of material larger productivity and the market compared well.
没有评论:
发表评论