Category: Money Tips Date: 2006-06-06
Source: Hantang Securities Author: Chan Chi-kwong
Stocks in the shock of higher again placed before the investor is a large multi-year market, and Quotes span the length of cycle will exceed the expected retail investors. Therefore, in the end of the year intensified study of new development trend of the stock market investment opportunities with industry, is placed in front of an important task for each investor. In the study of investment opportunities in various industries, we believe that equipment manufacturing industry will continue to have a significant investment opportunities.
Quotes for next year in this column refer to all expectations, first look at a signed article, "One of the main theme for 2007: Made in China", the article pointed out: equipment manufacturing plate to become the mainstream of the stock market has a good three blocks background, optimistically predicts that the next 5 to 10 years, the development of China's golden age of the equipment manufacturing industry in the next few years, China is likely to emerge will continue to advance to the world in terms of a number of manufacturing enterprises.
Global manufacturing with the shift to China, China is becoming a world manufacturing center. This transfer of industry trends, the results of both the international division of labor also in line with the needs of China's rise is a short-term trend can not be changed. China has also emerged in some of the world-class manufacturing companies, such as CIMC container production for 8 consecutive years, first in the world, the global market share of more than 50%; Shanghai Zhenhua Port Machinery world's largest container crane manufacturer, since 1998, products account for 7 consecutive years, ranking the world's container crane orders for the first, far ahead of competitors. The next 5 to 10 years, such as CIMC, Shanghai Zhenhua Port Machinery such a world-class manufacturing companies is likely to continue appeared in large numbers.
Concern is the "railway" Eleventh Five-Year "plan" that "Eleventh Five-Year" period, China's total investment in railway will reach 1.5 trillion yuan, much higher than in any history of a five-year plan. Among them, investment in capital construction and renovation 1.25 trillion yuan (600 billion yuan investment in infrastructure, high-speed railway, civil construction invest 650 billion yuan), locomotives and rolling stock purchase and 250 billion yuan investment in technological upgrading. This is related engineering machinery companies, the railway company is related to the previous year unprecedented opportunities for development. In this long-term positive in real terms in the context of the secondary market is also a wind and water-related railroad stocks, may wish to focus on the Northwest bearings (000,595).
Northwest bearings (000,595): The most noteworthy is the Great Wall Asset Management Corporation to become the new largest shareholder, which has induced a strong reorganization of the Unit is expected. 10.31 Japanese announcement said the China Great Wall Asset Management Corporation holds shares 53,285,066 shares, representing 24.57% of the total shares, becoming the company's largest shareholder; Northwest Bearing Group Co., Ltd. still holds 30,282,334 shares, accounting for 13.97 of the total shares of the Company %, for the company's second-largest shareholder. China Great Wall Asset Management Corporation on October 27, 2006 apply for the shares as planned.
As we all know, the Great Wall Asset Management Corporation to take over the largest shareholder, aimed at streamlining the company's equity debt etc. Finally, the introduction of new strategic restructuring side, the completion of the assets in and out of the process of proliferation. Typical cases, such as climbing Chongqing Titanium, the original Great Wall Asset Corporation to take over the company's stake to become the largest shareholders, the company already heavily in debt and facing bankruptcy. The Great Wall of assets of the company's disposal of bad debts and other liabilities, after the introduction of Panzhihua Iron and Steel Group, the company's strategic reorganization, the Unit has also become a major Niugu this year.
At present the company's first pillar bearing petroleum machinery products accounted for the domestic market share above 80%, exports accounted for more than 90% market share, maintaining the domestic first to market advantage. The second pillar metallurgical mill bearing products sell very well there a good situation, and maintained a leading market position. This year the company targets full-year orders have reached 86%, in particular, bearing petroleum machinery orders last year's two-fold. Exporting bearings Order full, petroleum, metallurgy bearings and rail bearings spare parts, heavy automotive bearings, and other leading products have accounted for more than 80% of total exports. the current brand of the West axis "NXZ" recognition rate in the forefront of China Bearing Industry No. 2.
With the concept of a major railway line speed. Exclusive production speed of 160-200 km / h high-speed railway bearings. Constant speed in the rail transport in the broader context, will greatly increase the demand for high-speed railway bearings, bearing the company's markets will be a huge market demand, the company has great speed rail concept.
Machinery and equipment category in the performance of the company as a whole against the background of a substantial upgrade, the company mid-year report shows that their statements realized main business income during the period 205.8983 million yuan, net profit rose 176.2 percent, very strong growth performance. September 11, the company issued a statement saying: Due to the company products, especially petroleum machinery bearing the market demand, production and relatively large increase in the third quarter report showed net profit of 9.0717 million, year on year growth of 124.43%, the main income of 329 million year on year by 28.25%.
