Chain sprocket: grasp the domestic leading recovery inflection point
chain sprocket is a big industry, we recommend the varieties of real estate industry down along the concrete, machinery, elevator, loader. You may ask me what to buy real estate, or you buy this good, real estate, I think is very good, but I think there is no good, why, mechanical property has risen, machinery, yet now sector rotation to our construction machinery industry, so you can focus on three engineering machinery industry. Report to finally to recommend a few stocks, you can buy xugong and liugong dhi, trinity. Shipment equipment is mainly ships, railway, aviation, or see bottom are65 or is very good.
We first review of industry, business, margin appeared again, the reason for five months later, in December, the bottom line c.m mechanical, I think the 2009 machinery industry is no need to worry too gross margin, high in October, should be in the second quarter of why mechanical rise slowly downstream demand, can improve bound, mechanical industry as middle extrusion, this problem in steel prices, inflation is not very obvious on the analysis, I, at least in the fourth quarter, or gross go up. Our most valued the construction machinery industry, real estate is a focus in the product sales performance, export, I think, we are real estate investment main concern is the most direct drive of the elevator, real estate, loader, concrete and steel demand driven will indirectly, impetus coal and iron ore demand, the two requirements, loader will rise, loaders is now at a turning point. From the concrete situation and mechanical volume production of cement wave amplitude trends might not be a love, the situation is highly consistent, real estate new construction will drive the demand of concrete, cement sales growth, there will still be one elevator after 2002 with real estate development completed the forehead is highly consistent.
Loaders, we can see the is chain sprocket, fell nearly 40%, mining, water conservancy, downstream is on page transportation, why it continues to decline, mainly is sold by mining. We see in most of the time, the sales with coal loader, steel production yield only in macroeconomic regulation and synchronization of macro-control can suppress the demand for coal loader, production, including steel output will be slightly behind some. Loader will as steel, iron ore and coal demand, it is now belongs to the recovery of bottom, we buy at the bottom of the breed, it increases will bring us good investment opportunities.