1. The aerospace industry, energy-saving and environmental protection equipment, and cold chain equipment are booming
The boom of construction machinery is down, but the small cycle is up; the mid-cycle boom in shipbuilding is down; the boom in coal machinery continues; the boom in aerospace and defense is going up; the boom in railway equipment will go down and down; the boom in nuclear power equipment will go down; the boom in agricultural machinery, water conservancy equipment, energy conservation and environmental protection will go up; The cold chain equipment industry is booming.
2. Portfolio: Join Ruiqi shares this week
Large market value (Zoomlion, Sany, China Heavy Industry, Aerospace Information, Tiandi Technology, CIMC)
Medium market value (Hangyang, Dunan Environment, Shanghai Mechanical and Electrical, China Satellite, Shenyang Machine Tool)
Small market value (Ankai Bus, Leo, Robot, Zhanghuaji, Ruiqi, AVIC)
We believe that Ruiqi shares professional-grade electric tools import substitution and industry integration space is large; 2011-2012 performance is 0.55 yuan, 0.75 yuan, 1.0 yuan, and the reasonable value range is 18-22 yuan.
3. This week focuses on the themes of aerospace, military, new energy, and water
Continue to be optimistic about the aerospace and military industry: We believe that defense products are facing accelerated technological upgrades and key components have entered the forced autonomy stage. We continue to be optimistic about the accelerated growth and asset restructuring opportunities faced by listed military industry companies, and recommend key companies in the engine, satellite and information fields .
Focus on: China Satellite and Aerospace Information, AVIC, AVIC Optoelectronics, China Heavy Industries, etc.
New energy bus and key components: Ankai bus.
Water conservancy equipment: Thematic investment opportunities: Leo shares, Dayu save water.
We believe that Leo's valuation this year is less than 30 times, which is the lowest in the water conservancy equipment sector. In the future, with additional issuance meetings, industry chain integration, specific planning and formulation of orders, performance will increase significantly.
Construction machinery: The impact of possible purchase restrictions in second- and third-tier cities on real estate investment needs to be observed. The decline in railway investment growth due to the impact of railway operation events will reduce the demand for construction machinery.
4. Last week's survey and report
Last week survey: We surveyed Ruiqi shares last week. Mechanical hardware
Report: In-depth report on the bearing industry, comments on the approval of the Hong Kong stock issuance of Sany Heavy Industry, comments on the interim report of Ankai Bus, comments on the interim report of Lanke Hi-tech, and comments on the interim report of Hangyang.
5. Comments on stock price changes
1. The weekly gains of Aerospace Information, Ruiqi, and Lanke High-tech were 6.8%, 11.2%, and 13.69% respectively, which far outperformed the broader market index over the same period. We think there is still room for the current share price.
2. The stocks with good performance in the interim report significantly outperformed the industry indexes, such as Dalian Cold and Qinchuan Development. We continue to track and believe that there is still room for the stock price.
6. Earnings forecast and rating adjustment
Increased the profit forecast of Zhongding on August 28
7. Plan to investigate and roadshow next week:
Shanghai Electromechanical August 31
8. The latest attention and reminder:
Focus on the energy and chemical equipment sector: Longhua Heat Transfer (300263) will be listed soon
能源化工設備板塊目前已經具備張化機(煤化工設備)、藍科高新(石化設備)、富瑞特裝(天然氣設備)等代表性企業，以及杭氧股份、陜鼓動力等空分設備、壓縮機設備企業。近期又將有一家煤化工、石油化工冷卻器生產企業隆華傳熱(300263)即將上市。我們認為，能源化工行業未來發展前景看好，相關裝備企業(尤其是擁有“節能”、“節水”產品的企業)面臨較大發展機遇。
