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| News |
| Chinese crane construction machinery industry is expected to become the bright spot |
China's construction machinery industry is increasingly in recent years, the development boom, China crane industry for nearly two years to highlight the excellent development.
Since 2010, the domestic fixed asset investment and real estate development in the context of rapid growth, construction machinery industry showed rapid growth, especially the first half of the total sales growth of nearly 60% in the second half because of construction machinery sales to the off-season, before the low base last year with high impact, the industry growth rate showed a slight decline. Year of construction machinery sales up 48%, and in the machinery industry in the first place.
2011 in countries to strengthen macroeconomic regulation and control under the pressure of the real estate industry, engineering machinery industry growth will come down significantly, but the strong construction of affordable housing will be offset to some extent, the pressure, coupled with the rapid growth of the export market very likely, so the demand for construction machinery will continue to grow, we expect the growth rate of construction machinery in 2011 about 20%. One crane is expected to face to accelerate growth, the growth rate will drop slightly excavator.
Engineering focus on the company's outstanding performance machine, the current valuation of 20 times the level, to maintain "cautiously recommended" rating. The market for some time period will be released gradually into the Annual Report, Annual Report of the expected construction machinery as well, valuation and growth has a certain appeal, but also some key companies are accelerating the pace of capital operation, so we expect that market segment is likely to report in better performance. |
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