煤炭行业2014年投资策略低迷景气延续.docVIP

煤炭行业2014年投资策略—低迷景气延续 2014 2013 12 11 2013 2013 % 50%010-zgp@citics 2014 6% 2014S04 6% 2014 3 2013 300 33% 2014 2014 23% 13% 3% 2013 2014-7%2014 5% -17% -27% 5% -37% 6 7% 2013 2pct20145% 2014 2014 2014 2013 / / 12013 2013-11-05 4%/7%/7.5% 20141 2% 2 10 15% 2013-11-04 3% 3 2013 10 . 2013-11-01 4 -10-28 2014EPS PE 2012 2013E 2014E 2015E 2012 2013E 2014E 2015E 8.64 0.97 0.42 0.48 0.58 9 21 18 1516.91 2.40 2.05 2.02 2.17 7 8 8 88.57 0.95 0.39 0.45 0.50 9 22 19 1712.64 1.63 0.86 0.61 0.78 8 15 21 166.35 0.58 0.36 0.41 0.53 11 18 15