推薦產(chǎn)品
3-(4-chlorophenyl)-4-phenyl-4,5-dihydro-1H-pyrazole 2-(chloromethyl)-3-methylpyridinehydrochloride 1-(2-bromo-4-methylphenyl)ethanone 3-chloroisoquinoline-4-carbonitrile 5,8-dichloropyrido[3,2-d]pyridazine 2-bromomalononitrile 2-(4-(bromomethyl)phenyl)benzo[d]thiazole 1-(bromomethyl)-3-methoxy-2-nitrobenzene 6-bromo-1H-[1,2,3]triazolo[4,5-b]pyridine 4-iodo-2-((trimethylsilyloxy)methyl)thiazole 6-iodoimidazo[1,2-a]pyridine-3-carbonitrile 2-(4-chlorophenyl)-2-morpholinoacetonitrile 4-chloro-7H-pyrrolo[2,3-d]pyrimidine 4-chloroisothiazole 5-bromo-6-chloro-1H-indole 7-chloro-3H-imidazo[4,5-b]pyridine ethyl3-(4-formylphenyl)propanoate 2,3-dibromobenzaldehyde 1-(5H-chromeno[2,3-b]pyridin-7-yl)ethanone 5H-chromeno[2,3-b]pyridin-5-one 3-chloroisoquinoline-4-carbaldehyde (E)-2-(3-oxoprop-1-enyl)benzaldehyde methyl4-formyl-3-nitrobenzoate 5,6-dimethoxy-2,2-dimethyl-2,3-dihydro-1H-inden-1-one 1-methylbicyclo[4.1.0]heptan-3-one 3-nitro-4-(trifluoromethoxy)benzaldehyde 2-hydroxyquinoline-6-carbaldehyde 2-nitro-3-(trifluoromethyl)benzaldehyde 1-(2-fluoro-4-methoxyphenyl)propan-2-one tert-butyl3-fluoro-4-oxopiperidine-1-carboxylate tert-butyl3-oxopropylcarbamate 2,2-dimethylcyclohexanone 9H-carbazole-3-carbaldehyde N,N-dimethyl-2-oxoacetamide 2-methylpent-4-yn-2-ol 3-tert-butyl-4-hydroxybenzonitrile 4-bromo-2-tert-butylphenol 1,3-dibutoxypropan-2-ol methyl4-hydroxyquinoline-6-carboxylate methyl3-cyano-4-hydroxybenzoate 4-chloro-6-methoxyquinolin-7-ol 3,4-dihydro-2H-benzo[b][1,4]oxazin-7-ol 2-(2-aminothiazol-5-yl)ethanolhydrochloride (R)-ethyl2-chloropropanoate (S)-4-amino-5-(4,4-dimethylcyclohexylamino)-5-oxopentanoicacid (1s,4s)-4-hydroxycyclohexanecarboxylicacid (S)-2-(tetrahydrofuran-3-yloxy)aceticacid (1S,4R)-1-methyl-4-(prop-1-en-2-yl)cyclohex-2-enol (R)-4-(hydroxymethyl)oxazolidin-2-one (S)-4-(hydroxymethyl)oxazolidin-2-one 化工資訊 異氰酸酯行業(yè):異氰酸酯(MDI)是聚氨酯的重要原料之一,全球呈現(xiàn)寡頭壟斷的格局,萬華化學(xué)原名萬華化學(xué),2014年11月產(chǎn)能達(dá)到180萬噸,成為全球最大廠商。
MDI生產(chǎn)工藝難度大,技術(shù)門檻較高,生產(chǎn)成本在11000元/噸,寡頭格局使得低價競爭得以避免,我們預(yù)計明后年均價在15500元/噸,廠商仍然有較好的盈利空間。
MDI的上游原材料苯胺過剩較為嚴(yán)重,價格低迷,這將利好MDI廠家。
萬華化學(xué):八角工業(yè)園推動公司業(yè)績增長公司投資200億建設(shè)煙臺八角工業(yè)園,其中包括60萬噸/年MDI(不包括老廠搬遷的20萬噸),75萬噸/年丙烷脫氫。24萬噸環(huán)氧丙烷、30萬噸丙烯酸及酯,30萬噸的聚醚多元醇。打造一體化精細(xì)產(chǎn)品產(chǎn)業(yè)鏈。
項目建成后保守估計公司收入有望同比增長59%,凈利潤增長30%。
公司估值我們預(yù)測公司2014年-2016年的EPS分別為:1.27,1.65和2.03。目標(biāo)股價在25.5元/股,公司目前股價22.5元/股,給予買入評級。
