We believe that this month will continue to focus on the high-end manufacturing sector and strong cycle of traditional manufacturing sector: construction machinery, rail equipment, coal machinery, coal chemical equipment and intelligent logistics equipment, etc., consider the trend of oil prices, it is recommended to pay attention to oil and gas equipment and service sector.
We believe that by the reports of new energy vehicles subsidy level A00 or larger and fall part time shares rose too much this week suspension of verification, the market risk appetite fell sharply, new energy vehicles, new equipment and semiconductor sector fell sharply, the machinery sector significantly underperformed the shanghai. Mechanical multiple leading plate is affected by it, and small cap stocks are in the majority, so the plate performance may be still under pressure next week. We recommend that next week continue to focus on better performance, lower valuation of construction machinery, coal machinery and coal chemical equipment leader, began to focus on oil and gas equipment and services sector. We believe that the semiconductor equipment sector is too early to increase, there is the need to continue to adjust, but the industry has broad investment prospects and determined, after proper adjustment should focus on attention.
Recommendations concern related to the subject: Sany (600031), (601100), Chinese constant hydraulic vehicle (601766), (603111), Connie electromechanical Zhengzhou mining machinery (601717), Jerry (002430), Hangyang shares (002353), four cold chain (603339), crystal Sheng Electrical (300316).
The Shanghai Composite Index fell by 1.45% this week, rising by 0.22% in the Shanghai and Shenzhen stock markets, and 300 in the gem index, down 3.51%. Machinery and equipment industry index fell 5.32%, industry growth week ranked 23/28, the plate ran the Shanghai Composite Index 3.87 percentage points.
This week the machinery and equipment sector, a week or five for Jiangnan Jiajie intelligence, Sheng Zhoucheng, long, Oceanpower canatal and God opened shares, or were 61.15%, 61.11%, 28.70%, 17.45% and 12.51%. A decline in the top five for Corson technology, Xianghe industrial, Kodak gas, Yu NC and Mei Ansen, the decline was 20.51%, 21.54%, 21.84%, 23.11% and 23.71%.
Risk warning: the promotion and implementation of industrial policy is lower than expected; market style changes lead to the decline of machinery industry valuation center; the profitability of the upstream cost continues to decline pressure.