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AviChina:Solid Growth and Accretive Asset Injections, Maitain "Buy"
  • Source: Guotai Junan
  • Date: 2016-02-04 01:02:55

Increasing military expenditure will drive demand for avionics systems. We project that the increasing procurement from China Air Force, replacement of the 2nd generation jet fighter and rising demand for civil aviaion will create value over RMB20 billion for avionic systems annually over the next ten years, which we think is favorable for AviChina's subsidiaries Avic Avionics and Jonhon Optronic.



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