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[Brokerage Focus] Zheshang maintains a 'buy' rating on Sany Int'l (00631), although its Q3 profitability has declined.
Jingu Financial Information | Zheshang Securities issued a research report stating that sany int'l (00631) released its third quarter report for 2024, with a 21.6% decrease in net income attributable to the parent company for the first three quarters, mainly due to the decline in net income of the mining equipment sector. The bank pointed out that the Q3 profitability declined, and there was a significant change in revenue structure. In terms of mining equipment, there was some fluctuation in domestic demand, while overseas markets showed strong growth; for logistics equipment, the marine transportation sector remained at a high level of prosperity, with continuous release of renewal demand; in emerging areas, the group's high-quality assets are expected to be continuously injected, and there is ample room for diversified development at home and abroad. The bank expects the company's revenue from 2024 to 2026.
Hong Kong stock concept tracking | Ministry of Industry and Information Technology issued a document to promote the digital transformation of the construction machinery industry. These companies will benefit (including concept stocks).
Guolian Securities released a research report stating that it remains bullish on the main theme of industrial digitalization, with bullish policies continuously issued. The industry is poised for development, and there will be an increase in demand for data asset management, authorization operation, and other related system construction.
Is Sany Heavy Equipment International Holdings Company Limited (HKG:631) Expensive For A Reason? A Look At Its Intrinsic Value
Heavy equipment stocks generally rose in the afternoon, with zoomlion up 4.72% and sany int'l up 1.38%.
Heavy equipment stocks generally rose in the afternoon, with Zoomlion (01157) up 4.72% at HKD 5.55; Sany Int'l (00631) up 1.38% at HKD 5.16; Lonking (03339) up 1.34% at HKD 1.51; First Tractor (00038) up 0.29% at HKD 6.96.
Hong Kong stocks abnormal movement | Heavy equipment stocks rise, excavator domestic sales continue to grow at double-digit rate, bond-for-equity swap policy is expected to drive demand marginal improvement.
Heavy equipment stocks rose, as of the time of publication, zoomlion (01157) rose by 3.96%, to 5.51 Hong Kong dollars; sany int'l (00631) rose by 3.73%, to 5.28 Hong Kong dollars; lonking (03339) rose by 1.34%, to 1.51 Hong Kong dollars; first tractor (00038) rose by 1.3%, to 7.03 Hong Kong dollars.
Sany Int'l (00631) released its performance for the first three quarters, with a shareholder's attributable net profit of 1.34 billion yuan.
sany int'l (00631) released the performance for the nine months ended September 30, 2023, during which the group generated revenue...
The 7.8% Return This Week Takes Sany Heavy Equipment International Holdings' (HKG:631) Shareholders Five-year Gains to 121%No Data
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