海天国际(1882.HK):全球注塑机龙头 制造业产能再分布的深度受益者

中信建投证券
11 Feb

核心观点海天国际深耕注塑机行业50 余年,全球市占率第一,产品系列齐全。国内来看,我国注塑机行业景气度有望持续,重点是竞争格局持续优化,龙头市占率不断提升;海外来看,绿地投资占全球FDI 比重持续提升,对标中国1992-2011 年时期的制造业发展阶段,预计注塑机海外需求有望持续5 年以上,且随着出口向出海深化,海天国际海外营收占比已达40%,多年海外布局显成效,将充分受益本轮全球制造业产能再分布...

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