Investment In Construction Machinery Industry Show In March To Look Forward Edge
The current analyst ratings on stocks with the highest investment in the statistical analysis, the current rating is the highest in East software. The current top 20 investment grade stock trades dispersive, in which machinery stocks have three; software, computer hardware and equipment, chemicals, communications equipment stocks have two; remaining nine units were scattered in nine industries.
The last two months because of credit tightening and regulatory policy expectations, machinery stocks weak, but in January machinery industry sales data, demand for liquidity and not reversed by recovery, in March to look forward to counterattack.
Is on a brief analysis of construction machinery industry.
Data show that demand for construction machinery has not quit because of loose monetary policy be reversed. Excavator sales of 8,029 units in January, up 251%; bulldozers sold 771 units, up 90%; loaders sold 11,133 units, up 190%; truck sales 14,261 units, up 112%. January loader export 874 units, up 83% surge; bulldozers export 169 units, up 24%; excavator export 132 units, up flat. January construction machinery sales exceed expectations, up by substantial increases in exports gradually warmer.
Huatai Securities, said in January 2010 major construction machinery products sold over the same period in the history of the highest level, we see that the monthly output of major construction machinery products at historically high levels, the industry’s business confidence in future demand for higher downstream, March to June for the project Machinery traditional sales season, the government started to gradually increase investment-related projects, to the main product when the sales will exceed market expectations for the industry surprises. After the valuation of construction machinery industry in the doldrums in January, February adjusted counterattack soon.
China Merchants Securities pointed out that the leading construction machinery near a record low valuation of the company, as the market expected to stabilize the macro-policy, construction machinery is expected to launch counter-offensive in March. While the demand shock in the international market, but Japan and the United States and other regional sales order data, global demand has bottomed.
Released from the engineering mechanical performance of the Big Three Letters of view, in 2009 the Big Three have achieved high growth performance. In addition to high growth performance, there is a common feature of the Big Three, the Big Three are the realization of assets through a private placement of assets into or expansion. Xiangcai Securities believes that the Big Three in 2009 were machinery the realization of assets through a private placement of assets into or expansion is not a coincidence that this is the development of China’s construction machinery industry as a microcosm: driven by the strong domestic demand, China’s leading enterprise-scale engineering machinery the expansion, the current “from small to big” process nearing completion, the next task is complete, “from big to strong.” Additional projects from the giant construction equipment can be judged in the future leading enterprises in China will gradually enter “from big to strong” period.
They give Xugong, Zoomlion, Sany Buy rating, 6-month target price of 52 yuan, 30 yuan, 42 yuan. From a valuation perspective, Zoomlion, Xugong valuations, which have a strong margin of safety has been high investment value. The same time, Sany excavator advantage of high-speed growth and the valuation of its investment advantages are more significant.
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