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Hong Kong Stock Concept Tracking | In January and February, excavator exports surged year-on-year, Institutions are Bullish on the domestic Construction Machinery exceeding expectations recovery (including Concept stocks).
CME predicts that domestic excavator sales will increase by 22% year-on-year in March.
Jefferies Adjusts Zoomlion Heavy Industry Science and Technology's Price Target to 7.70 Yuan From 8 Yuan, Keeps at Hold
Zhaoyin International: Raises ZOOMLION's Target Price to 7.4 Hong Kong dollars, rating "Buy."
CMB International released a Research Report stating that ZOOMLION (01157) performed below expectations last year, mainly due to a slowdown in overseas revenue growth in the fourth quarter, a decrease in Other income, and an increase in inventory turnover days. The bank indicated that it has lowered the profit forecasts for this year and next year by 7% and 8% respectively, mainly accounting for the downward adjustment in sales growth and increased distribution costs due to overseas expansion. The bank remains optimistic about the group's Global Strategy focused on emerging economies for overseas growth; in terms of inventory, management is confident in reducing inventory levels this year. The bank has raised its Target Price for its Listed in Hong Kong shares to HKD 7.4, believing that the performance drop presents a Buy opportunity, and maintains its rating.
Zhongan International: Raises ZOOMLION (01157) Target Price to 7.4 Hong Kong dollars, rating "Buy".
The bank pointed out that it remains optimistic about the group's overseas growth strategy, primarily focused on emerging economies; regarding inventory, management is confident about reducing inventory levels this year.
Zoomlion Reports Slight Decline in 2024 Earnings
Earnings Miss: Zoomlion Heavy Industry Science and Technology Co., Ltd. Missed EPS By 8.1% And Analysts Are Revising Their Forecasts
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