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Founder Securities: The overseas market for Construction Machinery is vast. It is recommended to focus on main engine manufacturers like Sany Heavy Industry (600031.SH).
China is the largest Construction Machinery market in the world, accounting for 18.7% of global sales revenue and nearly 1/5 of the global market size, but there is still significant room for growth in overseas markets.
[Brokerage Focus] China Securities Co., Ltd.: January sales of excavation machinery performed better than expected, and it is anticipated that from this year on, Construction Machinery will likely continue to grow well overseas.
Jinwu Financial News | China Securities Co., Ltd. stated that in January, the sales of earth-moving machinery exceeded expectations. Despite the impact of the Spring Festival, the overall sales of excavators and loaders in January achieved growth, with domestic sales remaining nearly flat and export sales slightly increasing, performing better than anticipated. Currently, overseas revenue accounts for nearly 50% of Construction Machinery companies, with some companies exceeding 50%, and the gross margin in overseas markets is higher than in the domestic market. Profits are primarily coming from overseas, and the company believes that future perspectives should focus more on overseas markets. Against the backdrop of interest rate cuts in the USA, there is a more Bullish outlook on non-U.S. overseas supply chains, with expectations that overseas sales of Construction Machinery will continue from 2025.
China Securities Co.,Ltd.: Under the disturbance of the Spring Festival, January's sales of Construction Machinery exceeded expectations, and both domestic and international markets may experience a synchronous upward trend.
It is expected that the domestic and overseas markets for Construction Machinery will see an upward resonance in 2025, with leading companies' profit margins continuing to improve and the fundamentals remaining positive.
[Brokerage Focus] CMB International expects that this year's Machinery exports will continue to maintain good growth.
Jinwu Finance | Zhāo Yín International stated that the China Construction Machinery Industry Association released the sales data for earth-moving machinery in January this year. Despite the early Spring Festival this year, the sales of excavators and wheel loaders still experienced a slight year-on-year increase of 1% and 2%, respectively, indicating strong demand. The bank expects that this year's export of earth-moving machinery will continue to maintain good growth, while domestic upgrading demand will continue its upward cycle. Furthermore, considering that March enters the traditional peak season, the bank believes that the Construction Machinery Sector has the opportunity to gain attention in the next two months. The bank continues to be Bullish on ZOOMLION (01157/000157 CH, Buy) and Sany Heavy Industry (600.
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Is There An Opportunity With Zoomlion Heavy Industry Science and Technology Co., Ltd.'s (SZSE:000157) 37% Undervaluation?
I like to move it : the holding has changed today