美林A股评判：

Most preferred
China Mobile: High earnings visibility and quality, high domestic consumption oriented growth, possible A-share listing in 1H08, beneficiary of RMB appreciation and Beijing Olympics; Mengniu: share price down significantly, government price controls could be somewhat relaxed in 2H08 or even sooner, raw milk cost pressure should ease in 2H08 with the seasonal increase in supply. Jiangsu Express: defensive infrastructure play trading on PE of 17xE and high dividend yield close to 5% for 2008. EPS (HKD) growth of 36% in 2008.
Least preferred
PICC: poor underlying business, leveraged to A share market performance. Foxconn: revenue from Motorola to decline another 25%/15% yoy in 2008/09 and revenues from other customers to grow at a slower pace. Fosun: Cost pressure in steel business (iron ore, shipping costs), rich valuation.更多点击

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