Industry data warmer the defensive appearance of highway port stocks

Every reporter Hu Yuhui yesterday afternoon, China's construction by the IPO restart the first single approval rumors hit the market, the Shanghai Composite Index had a sharp setback of more than 74 points, the plate is all ink. IPO restart is a certainty, future investors where to go?　　Insiders believe that can focus on the excavation of relatively stable fundamentals, with a better defensive highway port plate. Industry fundamentals to improve the road, the first three months of this year a continuous flow of traffic growth, including the Yangtze River Delta, the Pearl River delta two areas of the most obvious improvement. CICC said that the April operating data showed the best performance of the Yangtze River Delta, Nanjing-Shanghai high-speed and Zhejiang-Hangzhou-Ningbo high-speed traffic volume growth rate of 9.2% and 9% respectively, the same period last year, the performance of 5.4% and 5.8%; second, the Pearl River Delta performance, Shenzhen machine-loaded expressway traffic volume rose 5.9%,　　The same period last year was 5.3%. And compared with the road traffic flow, the port industry is more obvious signs of recovery. Data from the Department of Transport showed that the main coastal port throughput reached a record high of 398 million tonnes in May, up 5.8% from a year earlier, and a 5.6% increase in monthly quarter-on-quarter growth. Specifically, last month, the main coastal port container throughput of 9.07 million TEU, although there are still 8% year-on-year decline, but the chain growth of 7.1%.　　In addition, iron ore unloading volume in the rapid rise last month, the main coastal ports import iron ore unloading up to 57.42 million, up 31.1% year-on-year.　　The future exists to the good trend Securities analyst Shanhai believes that the future port throughput will continue to grow, due to the sustained growth of domestic investment and external economic recovery. Shanhai pointed out that large-scale investment in fixed assets is the main reason for the rapid recovery of port throughput, investment growth will remain high in the future. Data show that in the first 4 months of this year, urban fixed asset investment rose 30.5%, a record since August 2006. Economic recovery, the May National manufacturing new export orders for the first time to break through the 50% expansion of the critical point, some industries such as clothing shoes, hats, chemical fiber, electromechanical and other export situation has become better.　　And the rapid recovery of consumer demand in the United States, the dollar's inflation expectations will also stimulate the consumer desire. Shanhai that the increase in export rebate rate will also be a boost to foreign trade exports, at the same time, the export-oriented economy-led South region coal consumption demand will also be a certain increase. In addition, the reduction of coal price gap at home and abroad contributes to the increase of domestic coal consumption and export. As a result, investors should focus on ports that benefit from this and are relatively inexpensive to value, such as Shenche A and Tianjin port, the highway plate, can focus on the Midwest, low valuations and performance protection or high dividend rate of companies, such as Nanjing-Shanghai high-speed, Gan Yue high-speed, Chu-day high-speed, Shandong high-speed.