2016, the construction machinery should pay attention to these

2016, the first quarter has passed. The construction machinery industry has also started a new stage of development. During the first quarter's development, we can easily find that the construction machinery industry has been warming continuously, and plate rebounding has also had a good sign.

The data reaction, the market is developing well

Because of the rapid growth in February sales of excavator, excavator (1-2 month total sales reached 6595 units), and total sales of 1-2 in 2015 was essentially flat, this is the decline since 2012, the construction machinery market cliff since the first year-on-year growth, unchanged situation. At the same time, the data of starting hours has been warm. Although the number of export products has declined, the price of products has shown an upward trend.

In the first quarter, the cumulative sales of construction machinery excavators in 1-3 months increased by 15%. In March, the data of excavator sales increased by 19.35% over the same period. In February, the number of 29 major excavator production enterprises in China (3651 units of total excavators, compared with 2774 in February 2015) increased by 31.61% compared to the same period of 2015.

Before we predict from the investment to improve the general mechanism to improve the engineering machinery sales is improved from investment, drive boot rate increase to two, mobile phone sales demand rise, then transmitted to the rising sales of new machines, the whole transmission cycle takes 3 months to half a year, because the stock of two mobile phone has a great impact on the sales, a lot of engineering the stock of two mobile phone needs to be satisfied, not to buy a new car reaction.

Therefore, all aspects of the data are higher than previous market expectations, January credit data in March has made the overall performance of infrastructure improvement, in fact, new long-term loans, building materials, steel and nonferrous metal and other downstream areanastomosed, sales volume, operation rate, utilization hours and other indicators can verify each other.

The use of equipment is not running at full load, but also prolongs the lifetime of two mobile phones. Therefore, it is expected that the improvement of infrastructure will reflect that the further sales of construction machinery will be reflected in the data of the two or three quarter. The increment of the new machine mainly comes from the new construction of subway, track, light rail, freeway and so on. From 1-3 months of data, there have been a relatively clear signal that the construction machinery has been warmer, and the growth rate is super expected.

With regard to investment, experts suggest

The machinery industry will face two main investment lines this year: first, the market will be re adjusted, and the supply side reform policy will bring rebounding opportunities to the cyclical sectors such as oil and gas equipment, construction machinery and so on. The two is to continue to pay attention to the purchase point of high quality growth stocks in the background of the double promotion of earnings and valuations in the economic and mild warming.

By the first quarter of 2016, the decline in the machinery industry since the beginning of the year has been the worst in the more than 30 sectors of the whole market. Because the typical middle reaches equipment industry has not directly enjoyed the plate performance of the supply side reform, but when it rises, it is also facing the pressure of the annual report and a quarterly performance, and it will not be configured as the first choice to grab the rebound. In the case of the new and medium term and long term payment data is more optimistic, if the demand keeps the current rhythm to the middle of the year, we can predict that the profit of the machinery industry may increase again, thus driving the whole plate index to break away from the bottom area.

Today, Sany in the construction machinery sector and Xiamen Engineering shares leading trading. Reference to the end of 2012 and the end of 2014 cycle stock market, the construction machinery plate is up to close to 50%, the bounce of the stock price still has a certain space. We maintain "overweight" rating, the engineering machinery industry attention proposed industrial upgrading, including the basic components of technology breakthrough or potential progress of SOE reform, focusing on the plate stocks: industry leader Sany, as well as the elastic varieties of Xiamen Engineering shares, Anhui Heli, Liugong, xcmg.

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