【出版时间及名称】：2009年12月韩国机械行业研究报告
        【作者】：现代证券
        【文件格式】：PDF
        【页数】：40
        【目录或简介】：
Contents
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Middle Eastern Sandstorm
Premium Era to Come
Issue 1: OP Margin Outlook
Issue 2: Orders and Earnings Outlook
Risk Analysis 1: Competitors
Risk Analysis 2: Impact of Reduced Shipbuilding Orders?
Risk Analysis 3: Impact of Dubai Moratorium?
Fittings Companies’ Earnings Bound to Grow for More than Five Years
Orders Started to Increase in 4Q09!
Fittings Orders to Grow in Earnest amid Plant Market Expansion
Middle East Plant Construction Long-term National Projects
Orders Kick Off for Al Jubail Industrial City #2 in Saudi Arabia
Orders Already Won by Korean EPC Companies and Future Schedule
Reason for Delay in Plant Order Placement
Appendix: Summary of Fittings Companies
Downstream: Petrochemicals, Refining, Power
Entry Barriers to Allow Few to Benefit from Booming Downstream
SungKwang Bend (014620, BUY (maintain))
TK Corp. (023160, BUY (maintain))