The cyclical recovery of domestic construction machinery is
Data：2019-04-10 16:24
Author：admin
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The machinery industry has experienced cyclical recovery and valuation adjustments, and some individual stock valuations have returned to 20-30 times. Under the background of the slowdown in the growth rate of fixed asset investment, the mechanical equipment enterprises with the spirit of artisans can go upstream (Sany Heavy Industry, Hengli Hydraulic, Haomai Technology, Chutian Technology, Weiguang shares, etc.) The electronics-specific equipment in the background of the semiconductor and panel industry has growth (fine measurement electronics, Changchuan Technology), and mechanical equipment related to the manufacture of consumer industrial products is also worthy of attention (Central Asia shares, etc.). From January to May 2017, national fixed asset investment increased by 8.6% year-on-year, and the growth rate dropped by 0.3 percentage points from January to April, but oil and gas exploration, textile and garment, wood processing, furniture manufacturing, chemical fiber, computer communication and electronics, and instruments. The growth rate of fixed assets investment in instrumentation, transportation, pipeline transportation, etc. is faster than that of the same period of last year, and the industrial equipment segment of oil service, sewing machine, woodworking machinery, chemical equipment, electronic special equipment, pipeline manufacturing and engineering general contracting is high. . On the whole, we mainly recommend high-quality growth stocks with good fundamentals and strong performance growth: Jingxun Electronics, Kangni Electromechanical, Zhejiang Dingli, Sany Heavy Industry, Superstar Technology, Houpu Shares, Furui Te, Novo Li shares, Chutian Technology.
