129823520590312500_130Saddle shares: high-end vibrating screen, import substitution
10%-cent increase domestic demand for vibrating screen for years according to the company's prospectus disclosure 2011 domestic demand for vibrating screen amounts to approximately $ 9.23 billion
Rift Platinum, according to a variety of comprehensive prediction method of China heavy machinery industry association, between 2012-2015, domestic demand for average annual growth between 10%-vibrating screen. Demand for vibrating screen in coal, iron and steel industryAbout 80% vibrating screen is mainly used for coal (mainly coal preparation plant), steel (primarily sintering plant), non-ferrous metal mining and road-building industries. 2011 vibrating screen in coal industry requirements amount to $ 4.18 billion, 45.3%, Shaker requirements amount to $ 3.268 billion in iron and steel industry, 35.4%, non-ferrous metal mining and road-building industries was 951 millionAnd $ 853 million, demand for coal and steel industries together accounted for Shaker 80.7%. From a technical and difficult job requirements, for vibrating screen in coal industry requires the highest, followed by for non-ferrous metal mining and road-building industries, relatively low threshold of the vibration sieve technology used in the iron and steel industry. Company positioning high-end import substitution-oriented domestic vibrating screen thousands of enterprises,Which has the only independent research and development ability of less than 4
wow cd-key, able to produce industrial development enterprise of high quality Shaker less than 6
Diablo 3 CD-KEY, Shaker for most enterprises in the production of iron and steel industry, competition is fierce. Saddle shares are leading enterprises of domestic vibrating screen, makers of various industry standards. In 2011, income of $ 256 million, with about 60% for coalIndustry, 15% per cent for non-ferrous metal mine, 15% per cent for road building industry, while 5% was not used in the iron and steel industry. Home for coal drying vibration sieve manufacture of width is greater than 3 m's most difficult, major service providers in this area is some foreign companies and saddle stock. Domestic coal rate of increase of the proportion of import substitution and companyIncrease will be the main driver of future growth of the company. Valuation and rating combined with relative valuation method and absolute valuation method, we believe a reasonable valuation of the company for $ 27.9-$, and recommended holdings. Risk is the decline in investment in the coal industry as well as companies slow the process of import substitution.
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