The industry leader who pays the most attention to

Pay attention to the valuation advantages of the leaders in the construction machinery industry

pay attention to the valuation advantages of the leaders in the construction machinery industry

China Construction machinery information

Guide: affected by the rapid rise in factor prices, the actual growth rate of China's fixed asset investment has declined significantly. At the same time, under the background of tightening monetary policy, China's credit growth has also shown a downward trend, and the prosperity of the construction machinery industry has also declined, The relevant listed companies' previous market performance was not satisfactory. But take a closer look at the part

affected by the rapid rise in factor prices, the actual growth rate of China's fixed asset investment has declined significantly. At the same time, under the background of tight monetary policy, China's credit growth has also shown a downward trend, and the prosperity of the construction machinery industry has also declined. The previous market performance of relevant listed companies was not satisfactory. However, looking closely at the development of some leading enterprises, there seems to be no reason to be overly pessimistic. The current irrational decline may have brought market opportunities

the prosperity of the industry is expected to rebound

at present, the situation faced by China's macro-economy is obviously different from that at the beginning of the year. The risk of economic growth from relatively fast to overheating has been basically removed, and maintaining growth and preventing inflation have replaced the original anti overheating and anti inflation as the main tone of the macro-control

as the pressure of inflation is still large, although the tightening monetary policy shows signs of structural relaxation, there will still be little change in the total amount control. Therefore, in order to maintain the economic level, 7. Digital display timer: 1-99 stable and rapid growth, the state will moderately relax fiscal policy and increase investment in infrastructure construction to promote economic growth. Therefore, the decline in the actual growth rate of China's fixed asset investment is expected to be reversed, and the prosperity of the construction machinery industry is expected to rebound

exports continued to grow at a high speed

in recent years, the export volume of China's construction machinery has continued to grow at a high speed. In the first quarter of 2008, the export of construction machinery was 2.85 billion US dollars, an increase of 73.6% over the previous year. The export momentum of main products was strong, of which excavators performed best, and the export growth rate increased significantly; Bulldozers and forklifts have performed well and maintained the high speed of last year; Although the export growth rate of cranes and loaders has fallen, it is also close to doubling. Even if the reform has been deepened, China's construction machinery exports still have great potential to supply customers from warehouses all over the European continent and the UK. From the perspective of the global market share of China's main products, except that wheel loaders and engineering cranes have achieved a large share in the global market, the market share of excavators, bulldozers, graders, pavers and many other varieties is not high. Since this year, domestic demand has been restrained to a certain extent due to macro-control. Export growth will become the key to driving sales growth, and enterprises will pay more attention to exports. Industry researchers predict that the export of construction machinery will maintain a high-speed growth throughout the year, and the growth rate is expected to reach more than 60%

pay attention to the giants of the subdivided industries

although the listed companies in the industry have to pay full attention to the cost factors such as the rise of steel price in addition to the above macroeconomic aspects, due to the wide variety of construction machinery products, the gross profit rates of different varieties are uneven, coupled with the differences in sales growth, cost control and other aspects of each company, the degree of influence by the rise of steel price is also different. In general, enterprises with high gross profit level and high concentration of their sub industries have a strong ability to absorb cost pressure. On the contrary, they are deeply affected by the rise of steel prices. From this point of view, Sany Heavy Industry and Zoomlion Heavy Industry, which are mainly engaged in concrete machinery in listed companies, will be less affected by the rise in steel prices, while Liugong and Xiagong, which are mainly engaged in loaders and other products with low gross profit, will be greatly affected. Of course, in the face of the pressure of rising costs, many companies have also actively taken action to raise prices. Among them, Shantui shares has increased by about 2% at the beginning of the year, while mainstream loader manufacturers such as Liugong and Xiagong shares have increased their prices by 3% to 5%. After the previous continuous decline, the valuation advantages of these leading industry segments with more pricing power are constantly emerging, and it may be appropriate to pay attention to the operation