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    The speed of local bond issuance is expected to continue in the construction machinery industry (beneficiary stocks)

    2019-03-14 07:02:59

    Financial sector website 

    According to the latest data, the excavator sold a total of 30,501 units in January-February, a year-on-year increase of 39.9%. Excavator sales in February increased by 68.7% year-on-year and 59.5% quarter-on-quarter. In February, the exquisite performance of the excavator market mainly benefited from the early issuance of local debt: in 2019, 1.39 trillion local debt was issued in advance. In the first two months of this year, a total of 32 local governments issued a total of 696.1 billion yuan of local government bonds, accounting for 50.1% of the newly added quota. In addition, the annual peak season of February-May is the beginning of the construction season. The current construction of infrastructure projects has been opened. It is expected that the excavator market is expected to continue its strong recovery in 2018 in 2019.

    In addition, the impact of environmental protection on industry sales may increase further this year. According to public information, Beijing, Tianjin, Hebei, Guangdong and other places have clearly proposed to implement the National Six Standards from July 1. More localities are brewing relevant policies. At present, the main stocks of automobile cranes and pump trucks are still the national three emission standards. Equipment, after the implementation of the national six standards, will accelerate the elimination of the national three equipment, thereby stimulating the release of updated demand.

    It is recommended to pay attention to the leading of construction machinery industry.Sany Heavy Industry,LiugongWait.

    Hot searchConstruction machinery

    Editor in charge: Zhou Zhuang RF12883

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