An overall improvement in the mechanical performance of the market shares of envelopes coming
● the machinery industry production index rose steadily from January to November last year, the whole industry sales 9.36803 trillion yuan, an increase of 14.01%, and is always higher than the national industrial 2 percentage points, the recovery is in good shape
● Due to infrastructure, railway engineering and housing projects and other major construction projects to boost domestic demand and stimulate the demand for machinery industry is also very obvious, therefore, the profitability of this industry will continue to improve the mechanical
● Letters and published results from the pre-growth varieties, machinery and stock performance is very good, proposes a focus on machinery leading stocks such as Liugong, Sunward, etc.; addition, asset acquisition and injection machinery stocks will also bring epitaxial growth can be concern Sany, XCMG
Hangzhou New Hope ⊙ ○ edit Lie derivative
In the occasion of the upcoming Lunar New Year, the holiday market still have a chance to produce red, can focus on machinery stocks. Because of this machinery industry continued warming trend will not change the value of the investment opportunity is quite obvious, as the agency continued Zengcang varieties, there is a big opportunity for the future.
Data show that the industry continued to rebound in the economy
Last year was the development of construction machinery industry is facing tremendous pressure, but in a number of countries after the implementation of stimulus policies, the industry added a strong recovery momentum. Statistics show that the machinery industry production index continued to show a steady upward trend, 1-November industry sales value 9.36803 trillion yuan, an increase of 14.01%, the growth rate of industrial added value can be seen from its first 11 months always two percentage points higher than the national industry about the recovery in good shape; the other hand, slow to pick up signs of the international environment, the industry did not decline significantly improved exports, but export value declined year on year growth slowed.
Three factors driving
Multiple positive future remain
Despite the weak external demand machinery industry, but the state has adopted the policy of expanding domestic demand for construction machinery industry in the future fast recovery, the market generally has good expectations. Due to infrastructure, railway engineering and housing projects and other major construction projects to boost domestic demand, the demand for construction machinery industry is pulling effect is very obvious, and the real estate industry this year is expected to continue to grow at a constant speed, so the machinery industry profitability this year will continued to improve. In addition, the global economic recovery trend is clearly expected growth in demand for exports is very significant, and the current proportion of China's machinery products in overseas markets is not high, as China's R & D strength, international competitiveness are rising this year, exports achieve more substantial recovery is to be expected. There are institutions predict that the year 2009, a decrease of approximately 20% of the export industry, the industry's export growth next year will exceed 15%. Finally, in 2010 due to the fluctuations in steel prices will not be much, fluctuations in the cost will not be great. Therefore, in domestic demand and exports, the cost of the three factors are becoming good background, this year, the investment value of the machinery industry is very prominent.
Earnings continue to pick up
Focus on leading varieties
Machinery stocks as second-line blue chips representative bodies have been favored varieties. Since the fourth quarter of last year, the industry overall improved performance, particularly in railway equipment and construction machinery industry, the fastest-growing profits from the published results of Letters and pre-growing varieties, machinery and stock performance is very good, we recommend investors to focus on some leading stocks, especially stable growth performance, and the next few years, with orders to protect, benefit from significant stocks, such as Liugong, Sunward plans to expand domestic demand in the country; the other hand, the central enterprises to promote the overall market, due to asset acquisitions and injected into the listed company will extend outreach and growth impetus in the future to have some opportunities to be concerned about Sany, XCMG machinery.
Part of the machinery stocks earnings forecasts and the latest ratings
Stock referred to products and investment highlights 2009 earnings forecasts (%) broker rating
Liugong loaders, excavators grow 50-100 Orient Securities: January 2010 Buy
XCMG cranes, concrete machinery, the overall market growth in 1468 Qilu Securities: January 2010 Recommended
Sunward piling machinery, drilling machines, small construction machinery grew 80-110 Investment securities: December 2009 recommended
Kingdream growth in oil exploration drill 8.97 BOCI: January 2010 Buy
Industry rating Jinyuan Securities in January 2010 Rating: demand has picked up, improve profitability, holdings
News on two similar
· 2009 years ago, the U.S. machine tool sales in October fell 65.9%
· CNC control software industry in the development of key industrial