论文部分内容阅读
尽管行业总体需求可能面临下滑,但本轮调整不太可能出现如05年利润大幅下降的情形。由于水泥股在行业景气出现向下拐点之前已经大幅下跌,目前部分优秀企业PB估值已进入产业资本收购的定价区间,具备了长期投资价值。
Although the overall demand of the industry may be facing a downturn, the current round of adjustments is unlikely to have any significant drop in profits in 2005. As cement stocks have plunged sharply before the industry turnaround, the PB valuation of some outstanding enterprises has entered the pricing range of industrial capital acquisition and possesses long-term investment value.