Export will become a new growth point for machinery and equipment

according toAutomatic cutting and rubbing machineManufacturers analyzed that since the beginning of this year, against the backdrop of a steady economic recovery, the performance of listed companies has shown a good trend. Most domestic engineering machinery companies have begun to stop and improve, and the sales volume and revenue of the entire industry are recovering and growing rapidly. This is the strongest support for the good operation of the market. At the same time, liquidity has improved greatly. Although it is not very loose, after all, it has played a positive role in boosting investor confidence.

Focus on 3 major investment opportunities

First of all, investors are advised to continue to pay attention to the consumer industry. Against the backdrop of economic transformation, policy-driven and consumption upgrading, the large consumer industries in the automobile, home appliances, medicine, food and beverage, media and other industries deserve our long-term optimism. It is expected that the leading companies in these industries will maintain a good growth momentum. In the near future, the stimulus policies for automobiles and household appliances are expected to continue to be implemented next year.

Secondly, in the context of stable economic recovery, inflation expectations and appreciation expectations, we should pay close attention to industries such as banks, insurance, coal, real estate, and resources.

Third, the theme of export recovery is expected to gradually increase, and investors can pay attention to it when they are low.

Automatic cutting and rubbing machineAccording to market consensus, the Shanghai-Shenzhen 300 index is 21.9 times and 17.5 times the dynamic price-to-earnings ratios of 2009 and 2010 respectively. Considering that investors' attention to the end of the year is gradually shifting from this year's performance to next year's performance expectations, there is still room for improvement in market valuations.

Of course, we should also see that the improvement of corporate profits cannot be achieved overnight. The expectations for policies are also clear. In addition, the morale of institutional funds has declined at the end of the year, so the market will also experience more fluctuations at the end of the year, and the market will not go too far. In terms of operations, investors do not have to rush to chase the rise, but seize the opportunity, build warehouses, and arrange next year's market.

The implementation of specific industries has also become more obvious. In the industry statistics of Shanghai and Shenzhen, it can be seen that among the 300 companies with the weight of the top ten industries, the non-ferrous metals and transportation industries have a high expected growth rate in 2010, but the valuation advantages of high valuations are the most obvious. The most obvious ones are financial services, chemicals and mining, as well as ferrous metals, utilities, transportation equipment, machinery and real estate valuations are slightly less attractive, and investors still need to find a reasonable stock valuation.

We are optimistic about the export prospects of the construction machinery industry. The main idea is that China is becoming a global manufacturing center for the transfer of engineering machinery and manufacturing to China's demand for engineering machinery. Excellent domestic enterprises have begun to gradually implement international development strategies and gradually accumulate experience in products, channels, brands, etc. Considering the cost advantages of China's manufacturing industry and the rapid development of technology and markets, exports will become a new growth point for the construction machinery industry in the next few years. For foreign trade companies, the economic benefits we expect will rebound with the improvement of the macro-business environment.

Regarding electronic components, the main point is: downstream industry researchers have bottomed out in 2009, and have recovered in 10 years. The year-on-year growth in the fourth quarter will be better, but there is still a possibility of a decline on the previous month. The worst thing about the entire industry is that the indicator is gradually improving; due to the elastic performance of the upstream, it is mainly concentrated on investment opportunities upstream of the industrial chain; the focus of the investment strategy is to support the performance of the industrial chain and listed companies. Develop investment directions based on the market situation.