Machinery industry: an overall need to wait for the opportunity

1, the aerospace industry, energy saving equipment, the boom of the better cold chain equipment

Construction Machinery economy down, but the small cycle up; shipbuilding cycle economy down; coal mechanical boom continued; aerospace and defense up the economy; railway equipment boom will drop, lowering; economic decline of nuclear power equipment; agricultural irrigation equipment, energy saving up the economy; cold chain equipment industry, the economy upward.

2. Portfolio: Rui Qi shares this week to join

Large capitalization (Zoomlion, 31, China Heavy Industries, space information, space technology, the set)

The market value (Hangyang shares Shield Security Environment, Shanghai Mechanical & Electrical, China Satellite, Shenyang Machine Tool)

Small-cap (Ankai, Leo, robotics, machine Zhang, Rui Qi shares, China Aviation Optical)

We believe that the sharp professional-grade power tools odd shares of import substitution, industrial integration space; 2011-2012 performance 0.55 yuan, 0.75 yuan, 1.0 yuan, the reasonable value of the range of 18-22 dollars.

3. Recommend this week, military aerospace, new energy, water theme

Optimistic about the aerospace industry continued: We believe that defense products face to accelerate technological upgrading, the key components into force independent of the stage, we continue to favor military companies facing opportunities to accelerate growth and asset restructuring, recommended the engine area, satellite areas and areas of focus of the company information .

Focus: China's satellite and space information, the aircraft electronics, China Aviation Optical, China's heavy industry and so on.

And key components of new energy bus: Ankai.

Hydraulic equipment: Subject investment opportunities: Leo shares, Yu saving.

We believe that Leo shares valuation of less than 30 times this year, the lowest in the water sector equipment, over the future with the issuance will be, the industrial chain integration, the development of specific plans, orders reflected, performance would be a big growth.

Construction Machinery: second and third tier cities possible purchase of real estate investment needs to observe the impact of railway investment growth due to decline in railway operations impact of the incident, will reduce the demand for construction machinery.

4, last week, research and reporting

Research last week: Last week, research the sharp odd shares. Mechanical Hardware

Report: the depth of the bearing industry report, Hong Kong stock issue approved Sany Comments Ankai Daily News Comments, Comment Lanke high mid-year report, Hangyang shares mid-year report review.

5, the stock transaction Comments

1, the space information, Rui Qi shares, Lanke high, rose 6.8%, respectively, 11.2%, 13.69%, far outperforming the broader market index over the same period, we believe that the current price there is space.

2, reporting the results good performance of the stock index significantly outperformed the industry, such as large cold stock, Qinchuan development. We keep track of that stock prices have space.

6, adjustment of earnings forecasts and ratings

August 28, Ding share profit forecast increase in

7, the proposed research and roadshows next week:

August 31, Shanghai Mechanical & Electrical

8, the latest concerns and advise:

Concerned about the energy and chemical equipment sector: Longhua heat (300 263) coming soon

Energy and chemical equipment sector is now possess Zhang machines (coal chemical equipment), Lanke high (petrochemical equipment), Rich Reiter equipment (gas equipment) and other representative business and Hangyang shares, Shaanxi Drum Power and other air separation equipment, compressor equipment companies. There is a recent turn coal chemical, petrochemical producers Longhua cooler heat (300 263) coming soon. We believe that the energy and chemical industry's future development prospects, related equipment companies (especially with "energy saving", "water saving" products, enterprises) face greater opportunities for development.

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