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Hong Kong stock market concept tracking | Four departments issued a notice to implement equipment update loan financial discount policy, construction machinery industry is more concerned (with concept stocks)
Upstream equipment is driven by downstream updates, and it is recommended to pay attention to equipment manufacturing such as petrochemical, textile and power generation.
Sany Heavy Equipment International Holdings (HKG:631) Pulls Back 6.2% This Week, but Still Delivers Shareholders Decent 15% CAGR Over 5 Years
Sany Heavy Equipment International Holdings Company Limited (HKG:631) shareholders might be concerned after seeing the share price drop 24% in the last month. But that doesn't change the fact that
First Shanghai: Maintains a "buy" rating for Sany Int'l (00631), with a target price of HKD 8.12.
First Shanghai adjusted Sany Int'l (00631) net income attributable to shareholders forecast for 2024-2026 to 2.193 billion/2.534 billion/2.958 billion yuan.
Brokerage focuses on Sany Int'l (00631), raising target price by 27% due to sustained growth in its main business, bullish on medium to long-term development.
First Shanghai's research report states that Sany Int'l (00631) achieved record high performance in 2023, mainly due to the continuous penetration of intelligent and electric products in the market, which drove significant growth in revenue for fully mechanized mining, mining trucks, wide-body trucks and large port machinery, as well as a substantial increase in international sales revenue brought about by continuous internationalization. First-quarter performance was lower than expected, mainly due to the impact of the coal industry's business climate resulting in lower-than-expected revenue in the mining equipment sector. The bank pointed out that based on the development potential of the company's emerging aviation equipment and oil and gas business, as well as the sufficient backlog of orders in the mining equipment and logistics equipment sectors and the company's intelligence and internationalization.
HK stocks rise: Lonking (03339) up over 4%, leading heavy equipment stocks. May excavator sales exceed expectations, and domestic sales in the industry continue to recover.
Heavy equipment stocks are on the rise. As of the time of publication, Lonking (03339) rose 4.43% to HKD 1.65; Sany Int'l (00631) rose 1.9% to HKD 5.35; Zoomlion (01157) rose 0.35% to HKD 5.8.
Hong Kong stock concept tracking | May sales of excavators exceed market expectations, institutions bullish on the growth rate of the construction machinery industry rebounding (with concept stocks).
Excavator sales in May exceeded expectations, and the market is accelerating its recovery.
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