美股-机械与建筑业-美国机械与建筑业研究

《美股-机械与建筑业-美国机械与建筑业研究》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、WHAT’SCOOKIN’INMACHINERYANDENGINEERING&CONSTRUCTIONBLUESKYTHINKINGCATALYSTWATCH11/20JECQ4’18(Q4:$1.24;FY’19:$5.33)11/22EUTruckData11/21DEQ4’18(Q4:$2.44;FY’19:$11.57)11/23BakerHughesRigCount11/21EIAPetroleumStatusReportWHAT’SHOTANDWHAT’SNOTWearepleasedtoannouncetheCreditSuisse6thAnn

2、ualIndustrialsConferencewilltakeplaceinPalmBeach,FloridaonNovember27-29,2018.Formoredetails,includingalistofparticipatingcompaniesandinformationonregistration,pleaseclickhere.Machinery:TheMachinerynamesoutperformedthemarketthisweekwiththetrucknamesleadingthewayfollowingEPAannouncin

3、geffortstodevelopanationallownitrogenoxidesruleforon-highwayheavy-dutyengines.ThenewCleanerTrucksInitiativenoticeofproposedrulemakingisslatedtobereleasedin2020.Recallthatthesestandardswerelastrevisedin2001andatthetimefullimplementationwasby2010.Thisdevelopmentwaswelcomedbytheindust

4、ryasbothtruckersandtruckmanufacturersfavorfederalemissionsrulesthatcreateasinglenationalemissionpathwayoverastate-by-stateapproach.OntheAGfront,UStractorsalesforOctoberwereup5.5%withhigh-horsepowerandcombinesdown7%whilesmaller-horsepowerwasup8%.Thedeclinesinhigher-horsepowertractor

5、swereduetotoughercomparisonshoweverandthisdemandstillrepresentshealthylevels.Finally,Komatsuheldasell-sidebriefingandaccordingtoourCSanalystthecompanyisseeingsolidconstructionmachinerydemandinallkeyoverseasmarketsinFY3/19.InNorthAmerica,energy-relateddemandisstrongintheUSandhousing

6、andnon-housingrelateddemandisfirminCanadaandKomatsuisshowingdisciplinenottochasemarketshare.InChina,customersarenowtakingawait-and-seeapproachtoinvestmentthoughKomatsuexpectsaboostfrompoliciesprovidinginfrastructureincentives.ToppicksCATandDE.Engineering&Construction:AECOMoutperfor

7、medthisweek,up1%aftermissingconsensusearningsoncontinuedexecutionissuesinConstructionServices,timingofAECOMcapitalearnings,andsofterthanexpectedvolumesintheUK.However,thestockoutperformedasAECOM,similartorestoftheE&Csectormorerecently,isembarkingonitsownself-helpstory.AECOMannounce

8、dplanstostreamlineitscosts