Roll forming machine benefit from reverting to export
First, industrial machinery industry downstream demand rapid growth. In the downstream demand in the car at the end of last year, up to 100% output growth, rising 10%, annual output annulus 1300 million vehicles, breakthrough new highs, Engineering machinery production at the end of last year, compared to 29% year-on-year rise 8%. Downstream investment in fixed assets investment, shipment equipment year-on-year 26, Mechanical engineering investment in fixed assets rising up 22%.
Secondly, the production continues to grow, export gradually thaw. Universal equipment PMI new orders for six months in more than 50, industry boom is still up well. The whole machine production growth, rising significantly year-on-year growth of CNC machine production growth, particularly. Basic parts, each product is steadily increasing output growth reaches 40% to 90 percent year-on-year. Export growth picking up, although still negative, but with current trends, early 2010, export growth can be well.
(c5R2e0 say on the zong, machine, plate and times of 48 times a plate. YuDaPan relative valuations p reasonable level of earnings, machine tool for the grail 1.9 times plate, creating a record; the basis of grail 2.2 times in history, the median interval. Therefore, maintain industrial machinery, machine tool "neutral" machine "neutral", "recommended" caution investment rating.