2006年下半年A股投资策略报告(P68)钟摆再次指向下游.pdfVIP

1990-1995 1995-2000 2001-2005 2006-2010 2006 6 1 010xg@ 010cwq@ 010xif@ 199801 199810 199907 200004 200101 200110 200207 200304 200401 200410 200507 200604 % 24 22 20 18 16 14 12 10 M2 YOY YOY CEIC % 80 60 40 20 0 -20 -40 0.5 0.4 0.3605 0.3 EPS 0.435 EPS 0.4532 0.2949 0.3221 0.2 0.1391 0.1 0 2005A 2006E 2007E Wind Caihua Financial ...................................................................................................................................1 1 ......................................................................................................