September Sales Loader Comments: Growth Rate Increased As Expected In
9 Loader Improving sales growth as expected
The last monthly report, we expect September sales of 1.25 million units loader around, up 18.8%, growth of 13.5%; year on year growth rate in August to continue to improve. In fact, the major loader manufacturers in September sales of 12,013 units, up 14.11 percent, growth of 9.08 percent. September sales loader basically in line with our expectations, the growth rate continues the trend of substantial increase in August; even consider the February Spring Festival, in September is now the fastest growing in the month of the year. However, and Excavator , Bulldozer Compared with September sales growth is still slower loaders. First three quarters of total, loader sales around the 105,200 units, down 25.88%, down substantially reduced.
Exports significantly speed up the recovery of high domestic
9 months, loader the export of about 1030 units, down 33.53 percent, a substantial increase of 20.73% of chain; September Loader exports fell substantially reduced, the smallest decline for the month of the year, export sales for the first time more than 1000 Taiwan, a record high during the year. However, the proportion of total sales exported loader small, little to do with the overall recovery.
Net export of factors, in September of about 10 990 domestic units loader, a substantial increase of 22.28% year on year, the chain grew by 8.11%; this year, the fastest growing sales over the previous year loaders in January, and continued positive growth in August shows that the domestic recovery has accelerated noticeably.
Liugong Monthly growth rate below the industry average
Competition from the market point of view, the main listed companies in September dragon work, Liugong, building workers, XCMG, forests were often achieved Sell About 2130,2450,1850,690 and 510 units, up 43.4% year on year respectively, -0.8%, 40.13%, -7.3% and 10.9%, Liugong sales growth below the industry average, is rarely seen throughout the year ; month sales share of 17.7%, respectively, 20.4%, 15.4%, 5.7% and 4.2%, year long work, raise a larger share of building work, respectively, 3.6 and 2.9 percentage points, larger drop Liugong share, up 3.1 percentage points; the first three quarters, but total, 20.34% share of Liugong sales, improve 2.47 percent, 14.12 percent share of building work, down 1.04 percentage points.
Rapid growth of medium-sized loader sales
From the sales structure, the September 3 tons of small loader to achieve sales of about 3780 units, up 1.8%, 31.5% share, down 3.8 percentage points; 3 to 5 tons of medium-sized loaders sold about 8100 units, up an increase of 28.1%, 67.4% share, up 7.4 percentage points; 6 tons and above to achieve sales of about 70 large loader units, down 32.7%, 0.57% share, down 0.39 percentage points.
Year sales growth in October is expected to extend gains
We expect October sales loader around 1.2 million units, up 46.5% year over year growth rate continues to rise, flat chain. We maintain our target price of 40 yuan Xu workers, "overweight" rating and target price of 22 yuan Liugong, "overweight" rating judgments.
September Sales Loader Comments: Growth Rate Increased As Expected In
By: hotxueboy
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