Haitian International (01882) rose more than 5% in the afternoon, with a 5.14% increase to HKD22.35 at the time of publication, and a turnover of HKD17.0901 million.
According to the Zhongtong Caijing APP, Haitian International (01882) rose more than 5% in the afternoon, with a 5.14% increase to HKD22.35 at the time of publication, and a turnover of HKD17.0901 million.
GTJA released a research report stating that according to statistics from the General Administration of Customs of China until May 2024, the export amount of DKM injection machines was RMB 5.2893 billion, a YoY growth of 14.1%. The export of plastic products increased by 12.1% YoY in the five months ended May 2024. In 2023, 39.4% of the company's revenue came from overseas exports and is expected to become one of the main beneficiaries of this trend.
The bank pointed out that LK Tech, the competitor of Haitian International in the injection machine industry, grew by 40.7% in the six months ending on March 31, 2024. The demand cycle of injection machines is usually 3-4 years. The strong performance of the injection machine division of LK Tech indicates that the demand for the entire industry has rebounded after reaching a low point in the cycle. It can be expected that the sales of injection machines of Haitian International will also significantly rebound next year.