2012 the boom of paper analyzes opportunity lack integrity

2012 paper industry lack integrity opportunity. From the long cycle look, paper shares already have a certain configuration value, the investment value will gradually revealed.
The national development and reform commission, the labor department, the state forestry administration letter jointly issued by the paper industry development "1025" plan ". To speed up the traditional paper industry to sustainable development of modern paper industry transformation, and the planning of product structure, improve the optimization of industrial concentration, improve the level of equipment, to reduce the consumption of resources, reduce pollution emission, backward production is proposed as requirements.
Countries that gold securities, the "planning" desalination quantitative index, with the thinning policy. The planning of the quantity, the main point is accused of the structure and consumption. And the domestic ZhiJia already near the bottom, down the space is limited. With the relaxation of the monetary policy and economic stabilising, ZhiJia may in the second quarter, rebound in period. From the long cycle look, 2012 years to have a paper shares already configuration of the value, the investment value will gradually revealed. Suggestions on benefit from behind productivity, competitive out high quality leading enterprises.
However, the Great Wall securities in paper industry 2012 investment strategy report in 2012, said the paper industry will still vulnerable pattern, bargaining power is weak, the boom difficult have greatly improved, profits are down about 15% in 2011. Thus, in 2012 paper industry lack integrity opportunity. Suggestions on downstream demand is stable, the price has the viscous, in 2012, pulp, paper price low operation is expected to get excess profits of the company.
Haitong securities also think, paper industry by the recent focus on release capacity, and needs no substantial improvement, the boom of industry in the short term is difficult to ascend. Its advice continue to focus on backward production policy pushing of consolidation in the industry, in this case the company leading advantage will increasingly clear, such as the sun paper, ChenMing paper. In the cost of the decline of the background, the short-term can choose bargaining ability of downstream individual stocks, such as the clean in soft, may cost down in the realization of ascension in dramatic performance.