Speed recovery valued roll forming machine  investment opportunities

Author: Author    NewsSource: Site author    Hits:     Updated: 3/7/2010

Industry recovery speed, prospects. January 2009-12 months to complete the sales value, machinery industry 104,768 billion yuan, a year-on-year growth of 16.11%, In December of 11,036 billion yuan, annulus finish 9.88% year-on-year, decreased by month, sales growth trend obviously. We believe that the recovery in mechanical industry, the acceleration period industry growth can still valued. Comprehensive domestic and international economic situation, we expect machinery industry in 2010 will keep production during the first half of the two, expected revenue growth 20%, industry industry profit growth rate will reach 25%.

Various sub-industries of mechanical industry showed obvious difference between growth and growth is the best engineering machinery industry, 2009 1-12 month roll forming machine cumulative growth of 24.65%, farm machinery industry and machine tool industry growth 21.41% respectively 16.48% and, in addition, food &beverage packaging, heavy machinery, mining based, petrochemical general, internal combustion engine industry growth in above 10%.

We prefer mechanical industry during the first half of the year 2010 investment opportunities, give "recommended" rating. Focus on engineering machinery, heavy machinery, military DengZi industry. The three leading engineering machinery company, good xugong. Juki industry, good advantage of taiyuan dhi valuations. Military industry, the value has dual factors driving endogenous and extension of the space. In addition, we also value packaging machinery industry GaoCheng long tech-long.

Key company rating. Xugong: leading products and real estate correlation is not high, the uncertainty of earnings growth. Compared with the same company, the company has the advantage of valuations. Investment for "recommended" rating. Taiyuan industry over the next two years: large excavator and new energy equipment will be company mainly growth. Company performance is good, continuous growth ability, valuations have advantages. Recommended for investment "caution".