Heavy equipment allocation worry - JP Morgan

Interesting moves in the market AM session post Japan quake incident:
* United Tractors (UNTR) and Hexindo (HEXA) under selling pressure, off by more than 3% each.
* This is despite the solid gains in the coal sector, up more than 3% for most coal names.
* Komatsu Japan (6301 JP) has been firm all morning, up 1% despite the very weak Nikkei.
* Steel stocks in the USA were up 4-5% overnight, China steel stocks up 2-3% thus far.

So what's the market been telling us?

(1) Up to now at least, the market seems to believe the Japan reconstruction story.
(2) Indo mkt investors seemingly worried on allocation for Komatsu and Hitachi heavy equipment to Indonesia market.
(3) The market seems confident over thermal coal price and volume expansion story for Indo coal names.

So in conclusion --> the smaller heavy equipment provider Intraco Penta (INTA IJ) worth a look. INTA distributes Volvo heavy equipment, that has recently acquired Hyundai factory in China. INTA recently signed distributor agreement with Sinotruk of China, that in 2010 has taken over the world's number 4 position.