And the market generally cautious views to the contrary, in 2011 the automotive industry fundamentals remain to be optimistic, and there are still abundant investment opportunities. As the popularity of car consumption in China is still in the period, and 2011, industry capacity utilization will remain high in 2011, lower than expected growth in auto sector performance low probability, the likelihood of better than expected is great.
Authority is expected in the next 5-10 years, the automotive industry will enter a 10% -15% of the stable growth period, with a sustainable competitive advantage of a small number of cars and parts manufacturers, with sustained investment opportunities, and most of the company stock at a disadvantage reaching record highs is unlikely, Qi Zhang Qi or systemic opportunities will be difficult to reproduce.
Market risk factors on the auto sector to reflect more fully, more secure car stock valuations. 2011 is the automotive industry had to adjust to, 2012 will revert to 10% -15% of normal growth, the growth of the automotive industry is still worth the wait.
2011 is China's "five-second" program the first year, China's national economy will maintain a good momentum of development, the policy of expanding domestic demand is constant, rigid demand is very strong car. With the gradual accumulation of a number of favorable factors, the same as in the first quarter, not only can grasp the bottom-up structural opportunities, and current valuation levels in the industry is still lower case, or if industry sales better than expected performance, automotive plate stage of the overall market is expected to once again show up. Standing in the second half of the current point in time to see the car stock market, investors can trade for passenger cars and parts sub-sub-sectors can be cautiously optimistic.
The article above is transfered from glow plug, and spark plug |