Stimulated by the RMB4tn investment plan, machinery sector is one of the largest gainers in these two trading days. Haitong analyst gave a rough picture of this sector,,,and we will present a detail research report on it later,,
1. Usually, equipment purchasing accounts for 5-6% of the total infrastructure construction project value.
2. Railway construction will contribute more to machinery sector than other infrastructural projects like road construction, especially demanding for excavating machine, lifter, pump, and equipment, etc. Most beneficiaries would be SANY (600031.CH), ZOOMLINE (000157.CH), SUNWARD (002097.CH) and Liugong (000528.CH), etc..
3. Cost pressure from raw material seems to be released in the following, but many machine manufacturers are still in the process of disposing their inventory.
4. Export started to present an obvious declining trend since 3Q08， | 
发表于 2008-11-12 10:58
|