State three policies continue to promote high-growth appliance - the leading home appliance, home appliances - home appliances industry-hc360 HC Network

China Suppliers




Last week, radio and limited

TV armani men suits

Continue to rank first in the industry ranking; household appliances, medicine wholesale and retail climbed 5, 12 to 2 and 3; among the top 10 industries including: telecommunications equipment, application software, lamb shearling coat

Motorcycle

Manufacturing, furniture and decoration, tire rubber, semiconductor, automotive spare parts. China Securities, said the letter, from exports, consumption and investment point of view of the three, exports continued for some time the probability of a larger-than-expected export recovery in the industry benefit from a quarter of a systematic opportunity to propose concern

IT

Hardware and equipment, chemical fiber, furniture, car parts and other industries.



Month appliances highest in the list of the top ten last week rose to No. 2. 2009,

Home Appliances

Extraordinary performance of the industry, home appliances section as A-share market star. Xiangcai Securities, said in 2010 the high growth in the appliance industry-driven policies, real estate and export of three factors, the most important driver of policy, and household appliances three policy stimulus will further increase in 2010. 2010 total demand for household appliances industry, the growth rate is expected to reach 15.4%, and the policy of stimulating demand for home appliances contribution to the growth percentage of the total will reach 51%, showing high to low industry growth trends. Currently plates relative to broader market valuation is close to average, and the highest level in history is still far away, Hai Tong Securities to maintain the industry's "overweight" rating. SW said that inflation expectations, the leading home appliance will benefit, cost-shift capacity, while prices have gained ground; valuation callback highlight margin of safety, to maintain favorable ratings continue to recommend

Black

Industries, including Hisense Electric, Sichuan Changhong and TCL. White recommendations concern the safety of Gree valuation, performance is expected to improve over existing space Vantage shares.



Pharmaceuticals

Ranked 12th last week over the previous week to upgrade 10. Good effect by the industry background,

Medicine

Section the performance of the index return of 12 months was 85% over the same period the Shanghai Index and Shenzhen 300 Index rate of return of 77% and 67%. From the stage performance, the nearly 3 months pharmaceutical sector performance especially since, in addition to traditional "four-quarter market", with events and policies to promote influenza, medicine index nearly 3-month rate of return as high as 41% exceeded the Shanghai Composite Index and the CSI 300 Index of 37 and 35 percentage points. CICC said, after rising early, medical sections up to 2010 PE valuation of about 32x. TTM overall law statistics, medicine and plate blocks PE valuation premium over A shares 50%, slightly higher than the 5-year average premium rate.



Wealth of securities that, given the state of the implementation of the new medical reform policy will be gradually implemented, accelerated urbanization and aging, medicine and biotechnology industry in the next 10 years will usher in the golden period of development, the pharmaceutical biotechnology industry is bound to enjoy a certain premium , and with the rapid growth of the industry, the industry is expected to decline in valuation. Analysts believe that the steady growth of the industry determines the oscillation characteristics of the market structure will have relatively good performance, but also on longer consider the 2011 valuation year, still have the absolute return space. 2010, China's economic growth will ensure structural changes to the transfer, tape is difficult to get out unilateral sharp rise in market, consolidating market share of Chinese medicine is one of long-term allocation of key industries.



Month decline of coal rank, ranked No. 70 last week, down five from the previous week. Joint securities that coal remains the protection of investors to avoid plate "2012" and a Noah's Ark, the valuation of coal blocks is still room for improvement. Despite the lower bank valuations, but the PE is still 15 times more likely to trigger significant financing needs, after all, bank financing is the best interests of all the austerity measures and coal enterprises generally good financial standing, even if the financing is to inject assets or new mines, to promote the role of performance is obvious, therefore, as less than 20 times 2010 PE, 2011, dividend yield rate of 2% or more of the Forum, there are still room to improve its valuation. From the industry perspective, given the structural changes in the industry, analysts said rising coal prices will hardly fall into the easy to balanced up phase (ie season up quickly, or more; season slow down the CPI), the coal enterprises longer a smooth operation, robust performance can still be expected.



Month ranking rising industries include: automotive parts,

Electronic

Equipment and apparatus, system, aluminum, food, aviation, forestry products, air cargo and express delivery, beer, highways and tunnels; fall include: liquor, automotive, general chemicals, commercial printing, petroleum processing and distribution, bio- technology, construction materials, coal, steel, securities brokerage.