Sino-Singapore (002912): The second quarter of 2019 results are expected to grow rapidly. Network visualization follows the surge in traffic growth.
Event: Sino-Singapore released the 2019 half-year forecast.
The net profit attributable to shareholders of listed companies is expected to reach 6,209 in the first half of the year.
450,000 yuan per year + 0%?
Net profit attributable to shareholders of listed companies is expected to reach 6,831 in the second quarter.
920,000 yuan, +15 for ten years.
Traffic surge agreement upgrade usher in new opportunities, telecommunications anti-fraud contribution is outstanding.
With the surge in traffic, the upgrade of new high-speed ports, 5G protocols, and traffic monitoring and network visualization vendors have ushered in new opportunities for product upgrades. We believe that leading companies are expected to further increase the industry’s market share.
On July 9, the company’s 2019 China Internet Conference hosted by the China Internet Association was honored as a support and service unit for preventing and controlling telecommunications network fraud.
Layout of first-tier products, and multiple big data operation products may become the new engine of the company’s performance drive.
While laying out visualization products, the company actively expands its product line, effectively integrates cutting-edge products such as network security products and big data operation products with front-end equipment, and provides complete integrated application systems to downstream integrators.
The company appeared in the Jiangsu Industrial Internet Forum in January. In June, the company’s distributed intelligent big data operating system based on massive data was awarded as Jiangsu’s 2019 big data outstanding product.
Strengthen the channel development strategy and lay out overseas markets.
As a leader in the field of conventional network visualization, the company benchmarked the global network visualization market leader Gigamon and dug deeper into the main line of information security.
The added value of product technology is high, the gross profit margin is maintained at a high level, and the ceiling of the industry is continuously improved under the background of the surge in traffic. We believe that the market space is expected.
The company has long-term profitability, which is beneficial to the company’s long-term development for 5G commercial use, traffic 四川耍耍网 surge and increasing network security.
We estimate that Sino-Singapore’s total operating income for 2019-2021 will be 9.
27%) and 19.
64%) million yuan, net profit attributable to mother is 2.
89 (+ 36%) and 5.
2%) billion yuan, EPS is 2 respectively.
90 yuan, given the 2019 PE range of 38-45x, corresponding to a reasonable value of 101.
60 yuan, “continuous market” rating.
Market competition intensifies risks, and downstream governments and operators monitor and evaluate risks in the market.