Analysis of vertical machining center from a quarterly in 2009, a lot of engineering machinery company in the first quarter net profit QoQ sharply growth or profitability, with 4 trillion investment stimulus and the gradual implementation of the recovery of real estate investment, estimated in 2009 two or three quarter of China's construction machinery industry boom will continue to rise.
The State Council's recent decision on adjusting the capital ratio of fixed assets investment projects indicates that the government will further increase growth and promote domestic demand, and at the same time, the inventory digestibility of commodity housing is faster than expected, which will further stimulate the demand for construction machinery products. At present, the average price earnings ratio in 2009 is at 17.9 times, and the net asset yield is expected to remain above 19% from 2009 to 2010.
