China Construction Machinery Market Situation
November 21, 2006 Machinery Industry broad based, with the first half of the hot plate, has been neglected since the third quarter, are not unrelated. As a representative of growth plates, in the underestimation of iron and steel plates to represent broad based, the gap between the valuation and growth advantage once again of concern. Although the mean plate broad based, doctrinal, but the rise of different companies because there are very different triggers.
Shanghai Zhenhua Port Machinery, CIMC elephant to dance: As the market value of the machinery industry’s largest companies, in a recent pursuit of large capitalization companies suffered a major background, coupled with a better texture of the two companies themselves, the absolute valuation is not high (especially in the set starts about 10 times), year or less, so more attention recently. In addition, the Shanghai Zhenhua Port Machinery Group, the parent company H-share listed in the process of paying in full swing, the recent concerns of domestic and foreign investors, the company thus increased substantially. From a growth perspective, the two companies due to a strong business base of the traditional large, new business in the incubation period, the growth rate next year’s performance will not be very high, the set of 15%, Zhenhua 20%. However, the two lower absolute valuation levels of stocks and smaller near-term gains, has been rising and the valuation of the entire plate to enhance the negative factors. With their sharp rise, the valuation of other stocks plates is expected to rise further.
Qinchuan development, space science and technology, Guangzhou Shipyard International oversold bounce: three stocks recently have been adjusted, or larger, Tuesday is the linkage with the entire plate, oversold bounce. In addition, the Qinchuan development of the long-awaited the eventual establishment of a large group is to stimulate another reason for price rise. According to the announcement of Shaanxi Province SASAC will be enjoyed by Qinchuan Machine Tool Group’s net assets, as well as state-owned Hanjiang Tool Co., Ltd., Hanjiang Machine Tool Co., Ltd. state-owned stake in the joint investment company in Shaanxi Province, Shaanxi common form Qinchuan Machine Tool Group Co., Ltd. . The new company registered capital of about 7 billion yuan, including incremental funding of about 4 million yuan, accounting for provincial SASAC its registered capital of 45%. The establishment of two large groups listed assets into the listed company next year, well the most important step, and the large group 4 million in additional funds will be beneficial to the acquisition of other local machine tool companies. As a listed company is the operation of the Group’s future capital, the main platform for the group extension-style expansion, the future will inject the assets of listed companies to bring more choices of listed companies and a major positive.
Construction Machinery hard to find the turning point was actually bauma Show: Recently, major companies in construction machinery Alliance, Liugong, 31 (giving the factors) the valuation has been a dynamic 15 times in 2006, compared to the industry in recent years, 25 — 30% growth rate, as well as the international peg the valuation of 0.8 times the level and not high. And, in 2006 has been basically in the past, taking into account objective should be to the performance in 2007 relative to 2006 valuation of 15 times the performance, especially in the mechanical section of low pe’s in the set, Liugong and other prices went up, did appear on the low side . Members of the engineering machinery to grow gradually increasing degree of sexual identity, while always looking for a start up reason. Pre-policy and performance of these two factors that have recently launched the industry can not get, and in the context of a good market, 11 Yue 21 Ri (Zhouer) started bauma International Fair for Construction Machinery Exhibition exactly as the trigger point!
By the global exhibition industry giant Munich Trade Fairs International Group introduced baumaChina beginning in 2002, held for two years, has become the domestic and global machinery industry is the construction machinery industry, in particular, the grand gathering of more than 30 countries this year, more than 1,000 exhibitors exhibitors, this year is November 21 to 24 days, at the Shanghai New International Expo Center. bauma show has always been a construction machinery company released new products, open up the main form of external and internal markets, the domestic construction machinery several major listed companies will participate, and several companies have previously claimed that he would have broke the news release at the conference. Expo is also the understanding of the domestic construction machinery industry, the best way the state of development, funds and brokerage firms have gathered in Shanghai machinery industry researchers. Bauma exhibition brought to the construction machinery, particularly China construction machinery industry confidence and enthusiasm, naturally everyone would have a better understanding of the valuation levels. Recommends the continuation of “overweight” engineering machinery section, in particular the focus on the company Zoomlion, Sany Heavy Industry, Liugong, the recent target price yuan, respectively 17,24,15.
I am Mp3 Player Manufacturers writer, reports some information about table lamp glass base , touch switch lamp.
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