Some time ago, "Rabbit Dress Up" successfully lead to public hot, while the food packaging onto a hot topic. In the "innovation" environment, food packaging innovation has become an inevitable trend, as the packaging innovation to complete, packaging and printing industry is now showing what the status quo? We go to see it! The following is the 2016 China packaging and printing industry status analysis:
Industry callback a larger range
Packaging printing fell 18.73% this year, less than the overall trend of light industry, mainly due to the packaging and printing sector rose more in 2015, at the beginning of this year's systemic decline in the larger decline. Packaging and printing listed companies, in addition to new shares and shares held at the beginning of the year, most of the company's stock fell in different ranges, after the sand or for the quality of leading enterprises will bring investment opportunities.
The overall valuation level is higher
At present, the overall price-earnings ratio of packaging and printing plate is 48X, which is higher than the median of 30.89X in the past 10 years, and higher than the valuation level of all A shares. Overall, the packaging and printing industry and its listed companies generally higher valuation, but some high-quality leading enterprises PE is still lower than the industry level, with a certain margin of safety.
The overall economy is not high, weak downstream demand is the main reason
In recent years, the packaging sector sub-sectors of the income and profit growth are varying degrees of decline, the overall industry boom is not high. Packaging industry is a typical midstream industry, the upstream fluctuations in raw material prices and downstream customer demand changes will have a significant impact on the packaging industry in the context of continued decline in raw material prices, the downstream demand is the result of the packaging industry revenue and profit growth decline The main reason.
Consumer upgrades and integrated mergers and acquisitions to bring investment opportunities. Demand change is the main force driving the development of the packaging industry, consumer upgrades are the main direction of changes in demand, the specific performance for the downstream consumer upgrades and emerging small and medium customers to upgrade the two aspects of consumption. At the same time, leading enterprises in the industry downturn through mergers and acquisitions to expand market share will also have an important impact on the development of the industry. Future investment opportunities lie in packaging integration services, "Internet + packaging" and integrated mergers and acquisitions.
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