Machinery Industry Boom Of A Quarterly Record High Second Quarter Revenue Is Expected To Bring 50%

April 14, mechanical industry, the company's first quarter results for the three forecast to attract everyone's attention

. Zoomlion (000,157, stock it) notice in the first quarter results up 100% - 150%; Building Industry shares (600,815, stock it) previously announced first quarter net profit rose more than 10 times; in Sany Heavy Industry (600031, stock it) as the main force of the 31 Group first quarter sales up 150%.

These results are eye-catching people in the industry that the industry symbol of warming up. Among them, the automobile, engineering machinery, machine tools and mechanical parts are based on the industry sub-sectors considered to be the fastest growing industries. First Capital Securities is the most promising sub-sectors of construction machinery, engineering machinery valuation as low valuation of repair will bring high returns. Stock recommendations focus on small capital, growth potential large companies such as Singapore, Malaysia Automotive (600,375, stock it), Anhui Heli (600761, stock it) and Zoomlion.

Industry boom has put a record high

1-2 months of this year, industrial output value of the domestic machinery industry 1.75 trillion, up 45.5%, the historical growth record in recent years, the highest level, the industry boom has put a record high. First Capital Securities analyst, said the export of machinery industry output has not yet 1-2 months to return to the same period of 2008 levels, but export growth has been significant to positive year. Since December 2009 and the beginning of growth in a single month export value rising, this information shows overseas demand for machinery industry has been restored.

For investment-led rapid growth of investment "overheated" concern, although a number of institutions predicted the second quarter, C PI and PPI would continue beyond February or near a high level, but the securities industry analyst at the League said, "This is not will affect the overall warming trend of machinery industry. because the state's macro regulation and control are more concerned about the property, but does not affect a greater impact on the machinery industry investment in infrastructure. "

In the machinery industry costs constitute a larger proportion of steel prices, is also the impact of industry gross margin is an important factor. 2010, steel prices continued to rise, but Wei Meng Jiangnan Securities analyst that does not result in decreased profit margins, the most direct reason is that last year's excess production capacity, machinery industry, the establishment of enterprises in the low inventories of raw materials to withstand fluctuations in steel prices. First Capital Securities analyst Guo Qiang is that the machinery industry revenues by accelerating lead to gross margin less impact on steel prices. Great Wall Securities that steel prices are uncertain events, but recommended to avoid being affected by higher raw material prices, low margin products and related businesses.

Bring 50% of the high valuation of fixed income?

From China National Construction Machinery Association data show that from January to February 2010, the machinery sub-sectors have made good growth, the output growth reached 22%, of which construction machinery industry grew 51.9%. The three have been given notice of a quarter of the companies that are engineering machinery sub-sectors, the National League securities industry analyst, said the three companies for a quarter of explosive growth on the one hand because of the lower base last year, on the one hand benefit from the financial crisis After the recovery of domestic investment in fixed assets. The three are the industry leading enterprises, is the industry's white horse shares with long-term investment value. Also, because in 2009 the domestic construction projects completed in the rate of only 46%, the first venture investment securities analysts consider that the existing state is still a very rapid expansion, domestic fixed asset investment will maintain a rapid growth to Jixu driving the demand for construction machinery.

As the government has increased the real estate business for Terrestrial direct result of the crackdown would start to rise in real estate, real estate investments from January to February this year, growth has recovered to 30% high. On the other hand, government-led investment has not weakened at this year's investment growth is still 7.4%. Besides, the state vigorously promote regional economic development planning is the main driver of investment growth, construction machinery industry, machinery industry will be one of the most beneficial plate.

In view of the flat plate the first quarter of mechanical performance of GF Securities (000,776, stock it) that the analyst Qiu Shiliang-than-expected first quarter results will lead to a rebound opportunity in April of construction machinery will be about 15% rebound. First Capital Securities analyst also said the construction machinery industry is expected to substantial growth in earnings quarter by quarter, driven by the valuation of repair and the repair of 20% -50% can bring about high returns, so for construction machinery industry " Recommended "investment rating, and recommended the stock in focus, the relatively less optimistic about equity, growth potential for the company, focusing on recommended star horse cars, Anhui Heli and ZOOMLION. GF Securities is bullish on the industry leading Anhui Heli Forklift, and events with the catalyst of Xuzhou Heavy Industry Sany, and building work Zoomlion shares.

by: gaga

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