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Future Forecast for Engineering Machinery: Further Deepening of Import Substitution
Published Time:
2012-11-06
The research group of Shenyin & Wanguo Securities believes that: Looking forward to the next ten years, we generally believe that the macroeconomic environment facing the mechanical equipment industry will be different from the previous ten years. The main environmental factors are downward demand, international market development, energy structure reform, environmental friendliness, national defense strength improvement, and deepening import substitution. Grasping this trend, we are correspondingly optimistic about the fields of construction machinery, natural gas equipment, and energy-saving equipment.
In the field of construction machinery, against the backdrop of the certainty of infrastructure strengthening, we expect that the bottom of construction machinery stocks will still be in the process of rising in the first half of next year, regaining excess returns.
In the field of energy equipment, unconventional oil and gas benefit from the adjustment of the energy structure, and it is recommended to pay long-term attention to leading equipment manufacturers.
In the field of energy-saving equipment, first-class and second-class energy-efficient screw air compressors are being vigorously promoted, and assembly production capacity will gradually exit the market. Leading companies with technological advantages will...