Industrial Classification and Feature (3) – Industrial materials industry

Construction industry

The construction industry is mainly used in the civil engineering, housing, and overseas plant projects. It is an important application tool for government policy decisions. It is also an industry that responds sensitively to the liquidity of the financial market.

The construction industry is an order-taking industry that takes a considerable amount of time from start-up to completion. Policy decisions are important for GDP, considering the proportion of construction investment, the proportion of employees, and asset effects. In addition, many construction projects incur significant costs. In doing so, we utilize financing such as project financing. In other words, the construction industry also has an impact on the financial industry.

Variables affecting the construction industry vary. Typically, short-term supply and demand trends such as real economy, monetary policy (interest rate and liquidity), unsold housing units, long-term supply and demand trends such as population, household numbers and social structure, government policies and population movements, It’s possible.

Representative stocks in the construction industry(KOSPI/KOSDAQ)

  • GS건설, 금호산업, 대림산업, 대우건설, 두산건설, 삼성물산, 현대건설, 현대산업, etc.

Transportation industry

The transportation industry is an industry that aims to transport freight and travel passengers. In a broad sense, it includes not only transportation of passengers and cargo but also transportation services such as support and assistance.

The transportation industry is a cyclical industry in which demand is volatile due to the global economy and oil prices and exchange rates have a direct impact on demand and costs. In addition, it has the character of an individual industry in which industries such as aviation, shipping, and land transportation are developed.

In the air transportation industry, which is influenced by exchange rate and economic conditions, the air transportation industry, which is affected by freight volume, the demand for overseas departure shrinks as the exchange rate rises. In addition, if oil prices surge at the cost of core expenses, which accounts for the largest portion of the operation, the performance of airlines will deteriorate.

The shipping industry is classified into container ships, bulk carriers, and tanker carriers depending on the type of transportation products. Container ships are in demand in advanced economies such as the US and Europe. Demand for furniture is particularly high in the US housing market. Conversely, in the case of bulk carriers, imports from emerging countries are important. Therefore, it is affected by China’s economic growth rate, international oil price and oil demand due to global economy.

Land transportation has various business such as cargo handling and transportation business related to import and export, courier business related to domestic economy and passenger transportation business. Large companies are relatively advantageous because they can be competitive with economies of scale. Air transportation costs are lower than air transportation. Compared to shipping, global economy is less affected. In addition, the burden of foreign currency debt is small, so the effect on exchange rates is limited. In addition, the burden of foreign currency debt is small, so the effect on exchange rates is limited.

Representative stocks in the aviation industry(KOSPI/KOSDAQ)

  • 대한항공, 아시아나항공, etc.

Representative stocks in the shipping industry(KOSPI/KOSDAQ)

  • 현대상선, 흥아해운, 대한해운, 팬오션, etc.

Representative stocks in the land transportation industry(KOSPI/KOSDAQ)

  • 현대글로비스, 한진, CJ대한통운, etc.

Shipbuilding Industry

Shipbuilding industry is marine industry is forward industry. It is a typical equipment industry and a cyclical industry, and the direction of the stock price is determined by the trend of the ship price and the scale of the order. The performance of the shipbuilding industry affects the share price in the short term.

The shipbuilding industry is a very large-scale equipment industry, and it is a cyclical industry in which booms and downturns are repeated due to changes in the shipping industry and raw material prices. In addition, due to sensitivity to exchange rate, performance improves or deteriorates depending on the performance of the hedge.

The shipbuilding industry is an industry based on order receipts.

Representative stocks in the shipbuilding industry(KOSPI/KOSDAQ)

  • Ship building: 현대중공업, 대우조선해양, 삼성중공업, 현대미포조선, 한진중공업, etc.
  • Ship parts: 태웅, 태광, 성광벤드, 오리엔탈정공, 현진소재, 삼영엠텍, etc.

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