May new machine + second mobile phone increased by 50% -56% year-on-year: According to the Excavator Association and fitting data, the sales of new excavator and second mobile phones reached 45,000 units in April 2020 and 54-55 thousand units, respectively, year-on-year Increased by 60%, 88% -91%, total sales of about 99-10 million units, an increase of 74% -76%. We and Tiejia are expected to sell 27,000-29,000 new phones in May 2020, an increase of 45% -55% year-on-year, and second-handset transaction volume of 3.7-3.8 million units, an increase of 53% -57% year-on-year. 6.4-6.7 million units, an increase of 50% -56% year-on-year, and a decrease of 32-35% compared with April.
HTI downstream boom tracking
We have established tracking indexes for several major downstream of construction machinery: from the perspective of downstream, this week (May 9-May 15), the infrastructure index was 123 points, a decrease of 3.9% week-on-week; the real estate index was 87 points, which was An increase of 10.0%; a manufacturing index of 109 points, an increase of 7.7% week-on-week; a mining industry index of 83 points, an increase of 0.7% week-on-week.
Brand & Tonnage Attention
According to the iron armor data, this week (May 9-May 15), the top five brands of construction machinery brand attention are Caterpillar, Sany Heavy Industry, XCMG, Doosan, Liugong; The five are Caterpillar, Sany Heavy Industry, Komatsu, Doosan and Kobelco. The attention of small, medium and large excavations reached 51, 37 and 22, respectively, and the attention of medium excavation increased slightly from the previous month.
Investment Advice
We believe that the peak season of construction machinery sales in 2020 will continue. Key recommendations: Hengli Hydraulics, Sany Heavy Industry, Zhejiang Dingli, recommended attention: Zoomlion, Construction Machinery, Xugong Machinery, Liugong, Anhui Heli.
risk warning
The epidemic continued to drag down the pace of resumption of work, the deterioration of the competitive environment, and the decline in fixed asset investment.
