A股市场估值与盈利监测：估值继续大幅反弹_蓝筹盈利改善明显-2013-01-04.ppt

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1、3.,2.,A,2012,12,31,12,28,500,5.5%,2233,5.8%,300,5.3%7.8%,010-,S1010510120029,APE,10.1,12.3,0.5,111.7,120.616.1%,28,APE,10.6,TTM,010-,0.4%2A,PE,1.3%1.6%,S1010512110001,6.3%,7.1%,64.2%52.7%49.4%1.3%1.3%6.3%7.6%,47.5%,PE,90.3%54.3%53.8%50.8%,A,300,300,300300,14.4%,4.0%,300,4.4%,A,4.8%,35.8%11.3%7.0%,6.

2、3%,0.1%0.3%0.5%,0.6%,1.,4.7%,5.0%,6.3%,39.9%27.5%26.0%,20.3%,3.8%,.2012.8.6.2012.7.8,4.,Alpha,2012.8.10A,78.7%,40.1%,36.4%,15.2%,50.0%,48.4%,35.7%,23.0%,.2011.8,A,A,A,A,7,8,11,12,19,20,23,24,A.1.1.1.3.5.5.8.10,12345,AAA,AA,.1.1PE.2PE.2.2,6,A,PE,.2,PE.2PE.2,910,A,300,.3.3.3.3,1314151617182122,AA,3003

3、00,PEPEPEPE,.4.4.4.4.5.5.6.6.6.6.6.6,27,28,31,32,33,34,35,36,1,2,A,25262930,AA,300300,.7.7.7.7.7.7.8.8.9.9.9.9.4.9,A,12,28,2233,300,5.3%,5001,A,5.5%,5.8%,2,A,7.8%,AA,PE,120.4%,2810.6,3,A,10.1,TTM PE0.52006,A,12.3,16.1%,11.7,0.625.x,19.x,19.x,06,14.x,A,7,8,15.3%,TTM PE,Beta,A,6,A,AA1,A,3 A5 A7,2006/1

4、/6,PE,PE,4 A6 A8,PE2006/1/6,PE,PE,2,A,9 A11,PE,1012,300,1.3%,1.6%,6.3%,7.1%,64.2%52.7%49.4%,47.5%,PE,1.3%,1.3%,6.3%,7.6%,90.3%,54.3%,53.8%,50.8%,TTM PE,9.5%,6.9%,6.9%,6.1%2.8%6.9%,PE6.4%,1.7%,8.6%,2.1%0.7%,2.8%8.3%1.0%,1.3%,1.9%,3,A,1315,2006/1/6,PEPE,1416,2006/1/6,PEPE,1,PE,PE,2.1%4.8%2.9%2.8%4.8%4

5、.1%4.4%6.9%2.8%6.9%3.8%1.7%5.3%3.1%5.0%3.4%5.1%4.2%5.2%6.1%4.5%5.2%,8.1%16.4%15.1%12.1%16.0%16.6%14.1%18.1%18.9%21.0%19.4%12.3%17.1%5.4%9.7%16.9%14.8%10.0%15.0%13.6%13.9%15.1%,15.0%12.8%7.6%0.6%-0.4%6.9%2.2%17.8%45.4%-43.0%16.3%3.9%2.2%-21.7%1.7%3.7%10.1%-8.5%-9.5%-8.6%0.7%-6.0%,3.1%4.8%3.1%1.9%4.2%

6、3.5%3.8%5.5%1.3%8.3%5.0%1.0%4.3%2.8%5.3%2.5%4.6%4.0%2.3%4.5%4.3%6.4%,8.1%21.4%11.0%9.0%15.2%17.3%11.4%14.2%16.4%17.3%20.4%11.3%16.6%4.5%8.5%12.6%14.8%-2.8%17.8%10.0%12.6%15.1%,8.7%24.0%4.3%27.8%-2.0%9.5%-1.2%5.9%15.4%-34.4%20.9%5.0%5.1%-14.3%-2.5%1.3%-0.3%-15.2%-0.1%-8.4%2.9%-6.1%,4,A,PE,PE,3.5%4.7%

7、5.1%3.2%5.7%9.5%,11.6%17.4%11.2%10.5%22.9%20.0%,14.4%9.4%-8.0%9.9%15.3%15.5%,0.7%4.0%3.8%3.1%6.9%8.6%,8.4%15.4%10.6%9.9%24.3%14.9%,5.6%12.8%3.5%11.0%13.7%12.5%,AA300300,300,300,14.4%,4.0%,300,4.4%,A,4.8%,17 A,18,300,5,A,19,20,21 A23,2224,300,6,A,25 A2729 A,262830,300300,7,A,3111.3%7.0%,6.3%,32,35.8%

8、,0.1%,0.3%,0.5%,0.6%,39.9%,27.5%,26.0%20.3%3.8%4.7%5.0%,6.3%,78.7%,40.1%,36.4%,15.2%50.0%48.4%,35.7%,23.0%,10.5%8.0%7.7%,4.9%,5.0%12.8%7.4%6.4%,1.9%4.8%,1.3%,8.6%,8.0%,7.4%,5.3%,2.1%,1.0%,0.8%0.6%2.5%2.3%1.8%,1.4%,8,A,33352,3436,-2.3%-1.5%-1.8%-8.0%-2.9%-2.4%5.0%-2.5%-4.1%-7.7%-1.8%-1.9%-1.2%-2.2%-1

9、.0%-4.9%-3.7%-2.0%1.3%-2.5%-0.4%-0.3%-10.5%,-6.0%-6.4%-2.3%-23.6%-9.3%-6.6%16.6%-7.4%-14.0%-26.0%-5.2%-4.7%-6.1%-13.6%-5.0%-12.3%-15.1%-7.1%0.4%-9.1%-0.1%-1.8%-30.1%,-30.3%2.3%15.3%-50.9%-25.9%12.3%27.0%-17.9%-26.9%-13.3%12.9%-18.3%-12.5%-40.5%-14.2%39.4%-29.6%-2.3%-18.1%-22.2%12.7%2.0%-25.3%,4.8%-2

10、.4%6.4%12.8%-3.1%-4.7%-1.5%7.4%2.6%-2.3%1.8%0.5%-2.3%-3.7%-0.4%-7.4%-8.6%3.0%-5.3%-2.8%-2.4%-2.8%1.7%,21.3%8.5%21.1%28.5%1.0%-8.3%-3.4%28.9%16.6%-27.9%-3.7%-0.5%6.6%-1.0%9.3%-6.4%-15.3%16.5%-12.9%-7.3%-1.8%-19.4%6.3%,88.1%66.6%61.8%5.8%12.7%-6.0%-4.6%54.5%25.0%-28.8%-8.3%1.2%4.5%27.1%-5.4%2.5%-3.6%-

11、10.1%-26.5%-9.3%0.4%-24.7%6.6%,-1.3%0.0%-2.5%-1.1%-0.6%-0.2%-0.6%-0.2%-0.1%-1.4%-0.7%-0.6%-0.2%-0.3%-0.8%-1.1%0.2%0.2%2.1%1.0%-2.3%-1.8%-0.7%,0.0%-1.8%1.2%2.6%-1.4%-2.4%3.8%-4.0%-1.3%0.6%-1.4%-1.0%-0.5%-0.4%-2.8%-1.9%-0.5%8.5%-5.7%1.5%-3.6%-1.6%0.7%,-4.5%-8.4%-10.3%-67.2%-6.6%-12.3%-8.5%-14.4%-5.9%-

12、19.0%-8.1%-1.4%-10.4%-1.0%-5.8%-17.3%-6.5%6.2%-13.3%-2.6%-46.4%-6.4%-5.3%,9,A,-1.8%-0.4%-1.7%1.9%-0.3%,-7.1%-0.6%-8.5%6.5%-4.1%,-23.8%-1.0%-23.7%26.0%-19.1%,4.3%-8.0%3.1%3.5%2.4%,18.7%-12.4%34.5%17.1%-2.4%,15.4%-32.7%208.0%-25.3%-18.5%,0.6%0.8%0.2%-0.1%-0.5%,0.6%-4.5%0.0%-3.3%0.2%,-1.5%-8.8%0.7%-18.

13、9%-3.7%,EPSEPS10,-,Analyst CertificationiiiThe analysts primarily responsible for the preparation of all or part of the research report contained herein hereby certify that:(i)the views expressed in this research report accurately reflect the personal views of each such analyst about the subject sec

14、urities and issuers;and(ii)compensation was,is,or will be directly or indirectly,related to the specific recommendations or views expressed in thisresearch report.,/,(,),(1),(2)/20121,300,20%,6,6,300300,5%-10%,20%5%,2,300,6300,300300300300,10%10%-10%10%10%,48,1568,8,1,100125,22,200122,518048,26,Fore

15、ign Broker-Dealer Disclosures for Distributing to the U.S.Securities RegulatoryCommission.Securities Business License Number:Z20374000).This report is being distributed in the United States by CITIC Securities pursuant to Rule,15a-letters thereunder.,e 15a-6 and the SEC no-actionZ20374000,1934,15a-6(a)(2),15a-6,