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AviChina:Solid Growth and Accretive Asset Injections, Maitain "Buy"

更新时间:2016年02月04日 01:02



Increasing military expenditure will drive demfor avionics systems. We project that the increasing procurement from China Air Force, replacement of the 2nd generation jet fighter rising demfor 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 Jonhon Optronic.

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