The hottest signs of export recovery of constructi

Construction machinery: signs of export recovery lead the theme of machinery investment

construction machinery: signs of export recovery lead the theme of machinery investment

www.6 the main reason is that: so far, a perfect coating system has not been formed; Lack of comprehensive performance assessment and long-term service evaluation under actual working conditions; Lack of detailed special database and relevant coating standards; Graphene cost is relatively high. China Construction machinery information

Guide: Investment points: the signs of export recovery are more obvious. In December, the sales of machinery can still maintain the off-season, and the total sales remain stable, especially the signs of export recovery are more obvious. In December, the national commodity export volume was 130.7 billion US dollars, with a year-on-year increase of 17%, completely reversing the same export volume for 11 consecutive months in 2009

key points of investment:

the signs of export recovery are more and more obvious. In December, the sales volume of machinery can still maintain the off-season, and the total sales volume remains stable, especially the signs of export recovery are more and more obvious. In December, the national commodity export volume was 130.7 billion US dollars, with a year-on-year increase of 17%, completely reversing the decline of exports for 11 consecutive months in 2009, such as reproductive system development problems, liver problems, etc., indicating that the global economy is recovering, and the recovery of exports is worth looking forward to

the residual temperature of capital construction fixed asset investment is still in 2009, and the growth rate of fixed asset investment reached 32.1%. However, the ultra-high growth of FAI does not match the relatively low growth rate of construction machinery very well. Therefore, we believe that the ultra-high fixed asset investment in 2009 will still play an important role in 10 years, and the investment in the social real economy will begin to hit the bottom and rebound, forming a strong pulling effect on construction machinery

bulldozer exports have recovered significantly. In December, the monthly sales volume of bulldozers reached 760, with a year-on-year increase of 45% and a month on month increase of 1%. In 2009, there were 8566 sets in total, with a year-on-year increase of -1%. In December, 169 sets were exported in a single month, with a year-on-year decrease of 23%, which was much narrower than the -50% in the previous three quarters, and increased by 42% month on month. The export situation was significantly improved. Shantui shares (14.05, -0.10, -0.71%) exported 129 units in a single month, down 19% year-on-year and up 29% month on month, showing obvious signs of recovery. The export business of Shantui shares accounted for 46% of the original business of Shantui shares, which fell to 22% in 2009. The recovery of exports is of great significance to the performance of Shantui shares

the sales of excavators continue to grow. Excavators are the main model of earthwork and stonework projects, which directly reflects the scale of infrastructure construction. Infrastructure investment such as high-speed rail is the driving force for the continuous growth of mining and other machinery. Although the weather in 2009 was unexpectedly cold, the sales of excavators remained hot, with 8740 units in a single month in December, unchanged month on month. In 2009, there were 94386 sets, with a year-on-year increase of 22%, which is in line with the expectations of our model at the beginning of the year. We believe that the ultra-high fixed investment in 2009 will still play a role in 10 years, and the appropriately lowered Fai in 10 years will still maintain the stability of excavator sales. Therefore, excavators will still maintain a slight and moderate growth in general in 10 years

concrete machinery still has a chance. Concrete machinery remained stable in December. Long term infrastructure construction. The high-temperature real estate investment in the second half of 2009 has driven the booming sales of concrete machinery. Although the house price has been regulated in the past 10 years, the development of real estate should be encouraged, and the construction of affordable housing should be accelerated. It is expected that the sampling position of concrete metallographic samples will certainly remain stable in the next 10 years

machine tools are expected to continue to recover driven by the recovery of the machinery industry. If you are far away from us, the machine tool industry recovered moderately in 2009, but the recovery speed is slightly lower than that of the downstream machinery industry. Driven by the recovery of other machinery industries, the machine tool industry is expected to further recover on the basis of 2009

investment suggestions: recommend Shantui shares, dayilong (18.53, -0.34, -1.80%), Kunming Machine tool, Sany Heavy Industry (35.80, -0.60, -1.65%), Zoomlion (25.23, -0.36, -1.41%)