Machinery manufacturing: urbanization benefit industry layout

Source: Ningbo Yinzhou Danfeng Machinery Factory  Author :   Time: 2013-01-14

The core point of core logic is a new administration will focus on promoting the construction of new city, population is centered to town, resulting in the infrastructure, supporting the construction of public service demand increase.
Rural labor population decline in agricultural machinery demand rises, we are optimistic about the growth of determining high orbit traffic construction, natural gas exploitation and application of agricultural machinery. Give the industry " neutral".
Boom is slightly better than the monthly decline in inflation this year, the central bank must cut successive descending pressure eased, enterprise fund.
The construction of cities and towns, such as stimulating domestic demand policy will start the new demand, the boom of industry the strategic good this year.
Valuation at the bottom, has certain safety margin industry PE/PB valuations are located in recent years the bottom, has better valuation margin of safety.
The industry valuation premium level is still high, the relative valuation premium to continue to improve.