Zhuhai International remains bullish on ZOOMLION (01157) for its extensive product offerings penetrating Emerging Markets.
According to the Zhituo Finance APP, Zhuhai International released a research report stating that the China Construction Machinery Industry Association released the sales data for the full range of construction machinery for November. In terms of exports, the export volume of major models continues to show strong growth, particularly with aerial work platforms experiencing an 88% year-on-year increase. In the domestic market, no improvements have been observed; excavators were the only model to see growth in November, while all others declined.
In terms of stock selection, the institution is bullish on Sany Heavy Industry, primarily due to the high market share of excavators. The institution continues to be bullish on ZOOMLION (01157) for its extensive product offerings penetrating Emerging Markets. Moreover, the strong growth in aerial work platform exports is a good indicator for Zhejiang Dingli Machinery (603338.SH), mainly because of the company's high sales proportion of aerial work platforms overseas.
