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HK stocks surge | First Tractor (00038) now up more than 5%, agricultural machinery update subsidy policies targeting multiple models. Institutions bullish on policy's positive impact on agricultural machinery.
First Tractor (00038) is now up over 5%. At the time of publication, it is up 5.06%, at HKD 6.64, with a turnover of HKD 39.4686 million.
HK stocks surge | Construction machinery stocks rise collectively as large-scale equipment upgrades continue to be pushed forward. The expected excavator exports in July are turning positive for the first time.
Construction machinery stocks rose collectively in early trading. As of press time, Sinotruk (03808) rose by 11.44%, to HKD 19.68; Sany Int'l (00631) rose by 6.5%, to HKD 4.59; First Tractor (00038) rose by 6.49%, to HKD 6.73.
First Tractor (601038.SH): Has not yet produced a combine harvester.
On July 24th, Gelunhui reported that First Tractor (601038.SH) stated on the investors' interactive platform that the Dongfanghong YT6668 large-scale efficient grain combine harvester is a product of the company's controlling shareholder, China First Tractor Group Co., Ltd. The company has not yet produced a combine harvester.
Hong Kong stock market concept tracking: Sales of construction machinery industry rebound, with demand in the midstream machinery industry in a weak recovery trend (with concept stocks)
Multiple institutions indicate that excavator export sales are expected to turn positive in the second half of the year.
First Tractor Co Schedules 2024 EGM
Soochow Securities: Breakthrough in the electrification process, domestic leaders are expected to overtake the curve through electrification.
Zhizhong Finance APP learned that Soochow Securities believes that electrification will open up a new round of growth space for construction machinery.
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