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First three quarters of sales of the automotive industry blowout earnings can be expected

Guoxin Securities Research Center believes that the automotive industry in September Blowout sales, profitability can be expected. September vehicle macbook batterysales totaled 1.332 million an increase of 77.2% sequential sales growth of 17%. Passenger car sales topped one million sales of the various sub-models are on record cars, micro-passenger, SUV the performance of better than average. Commercial vehicles in the heavy truck, medium and large passenger sustained recovery.

The first three quarters totaled sales of 9.644 million vehicles increased by 33.6% over 2008 full-year sales. Customer segmentation model of micro-, micro-card, car, SUV have done better.

Data show that sales in September reached a record high of 730,000 in line with expectations. To maintain full-year 2009, car sales (wholesale number) up to 40% growth forecast. At present, the auto industry still faces tight inventory. "Gold Silver 9 10" sales season phase of price cuts, the phenomenon of very small part of the model still offers a "price to mention cars."

In addition, in September tractor sales in another boom year high degree of industry continue to rise. Projected 2009 sales of heavy trucks is expected to reach 630,000 compared with last year grew 16%. Logistics with the tractor driven by rapid recovery of the real estate investment, domestic merchandise exports will bring about recovery in demand for new capacity.

Medium and large customer trades in September-degree rise in export demand in the economy is the beginning of the recovery. Total September sales of 14984 medium and large passenger growth of 54.2% year on year increase of 24.8% compared with ring cumulative January-September year on year decline narrowed to 2.2%. On June -8 export volume and domestic passenger cars from the previous month, respectively 883,698,1001 levels of 300-400 vehicles have been made to resume the export. The next year, exports of medium and large customers will continue to improve. Future With the gradual recovery in export demand boom-degree rise in medium and large customers should be looking forward to it is expected that the speed and extent of their recovery heavier cards and pre-performance cars to be slow.

Car industry, excellent sales during the year, profit was essentially a foregone conclusion, the market is currently more concerned about the trend of  apple iBook G4 12 inch battery， apple iBook G4 14 inch batterythe industry in 2010. Guoxin Securities Institute reported that the current production capacity is tight because of new supply in 2010 will be relatively limited release even though the demand slowdown next year, but still maintain high capacity utilization rate of the industry is still expected to achieve substantial increase in profitability. Heavy truck, the increase Weichai Power profit forecasts, the current valuation level is still possess their relative attractiveness. On the car side, the maintenance of Shanghai Automobile, FAW Car recommended combination.

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China Gold: bullish stocks, resources and assets,

WASHINGTON While the market may be rising rapidly after a profit-taking pressure, but the gold that the relatively optimistic short-term market sentiment should not be changed. They pointed out that the gradual release third-quarter results in September real estate sales, real estate investment and export data show that the market fundamentals in the next 3-6 months, continued to improve the visibility of the enhancement; Although the Government has for the first time put forward the "management of inflation expectations "However, the reference they believe to be in the balance of all forces, for now, inflation is picking up the whole stage, do not constitute a market risk; liquidity pressures due to the refinancing and other factors still exist, But the market trend to make a good short-term market liquidity has improved.

In addition, the King took note of the number of A shares of new accounts and fund accounts, are in a rebound, while the Ba Jiuyue new issues of the Fund were also in Jiancang period, increased the momentum for the market. The above analysis and the current market valuation levels, they believe short-term market volatility is expected to continue upward trend. Others need to  apple MacBook 13 inch battery， apple MacBook Pro 15 inch battery， apple PowerBook G4 12 inch batteryfocus on short-term events include: 1) With oil prices break through 80 U.S. dollars mark, as well as the gradual approach of Obama's visit schedule, the market may take the opportunity to hype the new energy and energy-saving emission reduction related to the concept of individual stocks; 2) Although the Mainland there is no timely data to reflect the international capital flows, but sustained inflow of funds into the Hong Kong market also makes hot money inflows to the Mainland markets is expected to increase short-term market optimism.

Industry allocation of gold to maintain its focus gradually shifted from consumption, and other configuration defensive blocks to resource classes (non-ferrous, coal, agricultural products (000061), etc.) and asset classes (finance, real estate, etc.) plate, profitability improved recovery of certainty the middle plate, It also includes a shipping plate benefit from a global recovery. (Xiaofeng Wei concept of Shenzhen Evening News)

Automotive industry: October 3 quarterly tracking reports are still worth looking forward to

Investment Highlights:

China's car sales in September another record high, up 78%, growth of 17%. We expect China's auto industry in 2009 year on year growth in sales and 13.2 million respectively, and 41%. In September than in all the models ring growth, including MPV, medium and large passenger cars and crossover-type chain-off increase of over 20%, heavy trucks and cars chain rose by more than 15%. Better reproduction of exports in September.

From the 19 key enterprises in economic indicators, industry profits in the third quarter, the chain still on an upward trend in the third quarter, the overall profitability of the industry over the second quarter and a record high. Quarterly Bulletin, 3 is bound to the automotive industry is very beautiful, still worth looking forward to.

In September China's passenger car sales are up 18%; of these, 1.6L more displacement than the growth in passenger car ring 15%, 1.6L and the following emission passenger car sales are up 20%. Displacement over 1.6L passenger car sales in the chain continued to grow, reflecting sales of high-class cars still recovering. September passenger car sales in a cross-type the first few months were down to change the situation, growth of 24%, which is 1.6L and the following emission passenger car sales are more than substantial growth in Taiwan.

We believe that the industry is still in large and medium-off increase in channel, in September sales forecast to the good news is within the. October sales of medium and large customers are generally lower than in September, but November and December are generally large and medium-off season, is expected in the fourth quarter industry sales will not be less than three quarters of 2010 the growth of large and medium sized passenger industry is relatively determined. We recommend that medium and large passenger and industry leaders Yutong Bus.

The same heavy-duty truck and medium and large customers are not directly benefit from the national auto industry policy, models, thus re-Cumming-year growth was relatively certain. Judging from the current trends, heavy truck industry in the semi-trailer  apple PowerBook G4 15 inch battery，A1045tractor, driven by the fourth quarter is expected to not short off-season, we recommend the semi-trailer tractor sales accounted for a larger FOTON. (Huatai Securities)

Automotive industry: the asymptotic promising to support policy innovation battery

The Ministry of Industry and Information Technology Equipment Industry Secretary, Zhang Aiki recently in 2009 the first three quarters of industrial operation of a press conference, said the Ministry of Public letter options are being considered energy conservation and new energy vehicles, marine engineering equipment, general-purpose aircraft and regional aircraft, high-speed rail transportation equipment, high-performance ships, etc., as a pillar industry to cultivate new areas of focus. Next, work the Ministry will study and formulate the letter, "energy conservation and new energy vehicles Plan of Action."

Comments:

Support the policy is coming. Engineering Department made it clear that the letter will study and formulate "energy saving and new energy vehicles Plan of Action", we believe that substantial support policies may be promulgated and implemented during the year or early next year. Can be predicted that the policy include:

13 pilot cities to support introduction of new energy vehicles matching program: funding, power station construction, reduction of taxes, tolls, parking fees; 10 billion technological transformation and new energy vehicles, key components subsidies Regulations promulgated; amend a government official vehicle is equipped with management practices, a clear allocation ratio of new energy vehicles; the state has adopted for general consumer policy of subsidizing the purchase of new energy vehicles; introduction of new energy vehicles for the tax relief measures; development of new energy vehicles infrastructure planning; introduction of new energy automotive industry planning clearly the next 20 years to maintain production targets.

To focus on subsidies and infrastructure facilities construction plan. We believe that the most important policy is the average consumer to buy new energy vehicles are subsidized, and the development of new energy vehicles and infrastructure planning. Introduction of these two policies that will address bottlenecks in consumption and the use of the bottleneck is a new energy vehicles a prerequisite for large-scale heavy volume.

Laws and regulations will increase the cost of fuel consumption and further promote the development of new energy vehicles. "Air Law" to be http://www.camera-battery-store.com/reported next year's National People's Congress for approval, and further improve the "Motor Vehicle Pollution Control Regulations" and "," Shier Wu "in motor vehicle pollution control planning," marked the domestic legal environment is getting severe, the use of the cost of conventional gasoline vehicles been increasing, new energy vehicles will be the laws and regulations to guide the direction of industrial policy.

Future subsidy policy, and the localization rate is likely to hook. In the development strategy, the country's expectation of new energy vehicles as an opportunity to catch up from behind their own technology. It can be predicted for the current swarm of new energy vehicles heat, possible future introduction of new energy car allowance standards, and key parts localization rate will be linked to, and encourage the autonomy of key parts as soon as possible and the basis of the localization of raw materials . At the same time the state will improve the access threshold, and rigorous product review system.

Follow-up policy can be expected. The United States may be as early as November through the "Clean Energy Security Act." After that, China and the world will follow other major industrial countries issued their support for the new energy policy with a view to the Copenhagen agreement in December to get a greater say. We believe that between now and December around the country http://www.dell-laptop-battery.org/  may support the intensive introduction of new energy-related policies, new energy vehicles are transactional opportunities related species.

Promising varieties of independent innovation of automotive batteries. We are optimistic about the next new energy policies to promote investment opportunities in automotive battery industry, we believe that the next 3 to 5 years, Ni-MH battery HEV will remain the mainstream of new energy vehicles, HEV will PHEV, EV co-existence about 10 years. In the 3 ~ 5 years later, with the yield increase lithium iron phosphate batteries to bring the cost down, as well as the national network of charging stations gradual establishment of lithium iron phosphate batteries as the main driving force of the PHEV, EV will usher in a broad prospects for development. We recommend Keli far, the torch high-tech, Shanshangufen, Jiangsu Guotai, Tibet Mining