Although "the iron and the" high growth in the age of the "four trillion" investment after the rush is over, but does not mean that the whole construction industry is the lack of appropriate investment targets. Securities analysts say, and "1025" fits the son of hot plate existing investment opportunities, including steel structure, water conservancy and hydropower, modern chemical etc of investment opportunities have emerged.
Securities analysts for the construction industry investment opportunity integrity do not look good. Huatai securities analysts think zhang ping joint, with the fixed assets investment actual any slowdown and tightening monetary policy, building industry revenue and earnings growth situation tends to decline, and the future the adjustment of economic structure, fixed assets investment future growth will continue to slow down, the whole construction industry boom down, PVC windows so cut the rating to "neutral" industry. Haitong securities analysts JiangKongLiang think, 4 trillion investment effect vanish, and the industry into the "high base low growth" era, engineering plate overall valuations cut is long-term trend, maintain industry "neutral" rating.
But part of that agrees with 1025 hot child of existing investment opportunities plate. Cathay Pacific securities analysts think it's hand in 2012, choose a strategy from the fundamentals 1025 hot looking for good and excellent plate: steel structure-demand constantly upgrading, leading the fast growth; Industrial transfer upgrade lay the light steel structure needs, aluminum windows the literary style, the entertainment center promoting, commercial real estate boom will lift chongqing steel structure demand boom, watch the way, seiko steel structure steel structure. Water conservancy and hydropower-outbreak in 2012 is expected to bring the policy for orders accelerate period, hydropower engineering construction bring growth performance, thinks gezhouba, anhui water conservancy, guangdong water and electricity. Modern chemical-" 1025 "planning to be vividly portrayed; Modern replica coal chemical 1025 planning to show, technology and investment scale high threshold will pull bibcock enterprise, watch China chemical, donghua and science and technology. Adornment garden, hotel and market continues to boom with emerging male pack business emerging, house decoration short-term deposit control pressure, but the long-term development in space in. Municipal real estate garden qi development, enterprise cash flow is the key to improve.
China peaceful joint think, although cut construction industry rating, but that doesn't mean the industry with the lack of appropriate investment mark, in future prosperity under the background of differentiation, after last year after unilateral fall, in high 'son to have long-term investment industry company has paid the surface of the water, 2012 years building industry investment logic main two, the first around boom industry choose high article, the key recommendation of gezhouba hydropower plate, plate steel structure steel structure and seiko into hangxiao coal chemical industry, the Chinese chemical plate; Article 2 in the fallen son industry 'choice of offshore plate cnooc engineering. Joint favourite son industry of China peaceful, the order to water conservancy and hydropower, steel structure, chemical and environment water treatment industry son.
Haitong securities said, pay close attention to the first half of this year to water conservancy theme policy catalytic the evolution of catalytic order. Full year 2011 is expected to carry out water conservancy investment will be about 290 billion, water conservancy investment growth nearly two months significantly faster. But now investment still mainly focus on small projects, for large and medium-sized project, because many in a document after declaration, and higher level for examination and approval, the program is relatively slow, is still in its planning and design phase, considering the examination and approval and the design cycle, estimate the large projects in order before and after year this year is expected to increase gradually, suggested that pay close attention to the order of the policy catalytic catalytic evolution. Focus on China, water and electricity, surround the shares.
Haitong securities expressed concern about the chemical engineering contractor this year orders and the coal chemical investment. New 1025 coal chemical industry is during one of the key support emerging industry, the expected future 4 years about can carry out 500 billion investment, bring 250 billion design and engineering of the order. Main mark including China chemical, donghua and science and technology.