subject: Construction Machinery Flat Year On Year Reduction In The Beginning Of Seasonal Growth [print this page] 3rd quarter started slowly after seasonal adjustment after the peak in Q2, in July
Construction Machinery Start into the seasonally adjusted schedule, but in 2009 the sales curve is more flat, while in 2008 after the steep drop in Q3, so in July, after most of the construction machinery fell on schedule although the chain, but last year there was a growth year on year. Most types of construction machinery in the second half is expected to be up, but still less than half of total sales.
Concrete Machinery Strong Sales in a quarter as we expected, as 2-quarter infrastructure construction in the pulling and speed up the stock of real estate under the influence of concrete machinery out of the downward trend over the previous year, the worst situation from the sales of construction machinery into the sales of the best construction machinery. After three quarters, real estate, new construction area of the pick-up will further move up boom of concrete pumping machinery, concrete machinery in 2009 is expected to achieve positive growth over last year, exceeding market expectations.
Excavator Seasonally adjusted sales edged pull by the infrastructure, digging machine sales peaked in 2009 Q2, up slightly down. The traditional law of seasonal factors still exist, three-quarter seasonal downturn continues to start, but much higher than 08 flat, 09 in the second half is expected to more than 20% year on year growth, overall sales in 2009 will be lower than the first half of the second half of the year digging machine is expected to realize an increase.
Bulldozer Export sales of the domestic market fell slightly during the first half bulldozers up 4.8%. Exports accounted for 45% of the bulldozer, influenced by international market, exports fell by 60% during the first half. Although some people believe that the international market will recover, but the fact still wait for some time, the moment has not yet seen the Soviet Union, East, Middle East and African countries signs of market recovery bulldozers. July exports of only 60 units, still down 65%.
Ship new orders fell in August to return to the ship industry in September 2008 has been a recession during the first half of 2009 new orders fell 90%. Have rebounded in July to 6.43 million DWT, the main factors for the China factor, and mainly because of China's Hainan Airlines Grand China Logistics to 10 billion and orders for the acquisition of 30 vessels Gulf Zhoushan Shipyard, is the case. Can not conclude that the shipbuilding industry began to recover. Expected in August there will be a greater decline in worldwide orders.
Machine Industrial little bit warmer, the overall situation is still grave Q2 growth of chain orders, downstream industry recovery is not complete, the second half of orders needs to be done.
Investment advice: Recommended Sany Heavy Industry , Zoomlion, Weihai light Thai, priority allocation of Kunming Machine Tool Industry.
Strong Sales concrete machinery in a quarter as we expected as the pulling in infrastructure construction and real estate stocks accelerated under the influence of concrete machinery in the two quarters out of a downward trend over the previous year, the worst situation from the sale of construction machinery changes the situation has become the best selling construction machinery. July is not short off-season, remained unchanged with in June. After three quarters of the recovery of real estate new construction area will be further pulled up boom of concrete pumping machinery, concrete machinery sales in the second half to become active force Zoomlion July truck sales are still up more than 160 units, up from the previous year over 100% growth in flat chain in June. And Sany Heavy Industry has also been a positive growth of 30% over the previous year. Concrete Machinery in 2009 is expected to achieve positive growth over last year, exceeding market expectations.
Excavator sales seasonally adjusted slightly, driven by infrastructure construction, in 2009 peaked in Q2, up slightly down. The traditional seasonal constraints still exist, three-quarter is still a seasonal downturn began, albeit far less than the previous year. Q3 excavator began to increase, sales of 5,818 units in July, up 35%. Excavator in 2009 in the second half is expected to be around 20% year on year growth, but overall sales will still be lower than the first half of the second half of the year is expected to achieve excavators up.
The performance of different companies excavator
31 heavy machine
Excavator sales of 308 units in July, lower than expected; Sunward excavator in July sales of 186 units, almost simultaneously with the market; building work after replacing the leadership of the area is expected to break new ground in excavators.
Construction Machinery Flat Year On Year Reduction In The Beginning Of Seasonal Growth
