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Hong Kong stock concept tracking| The start of the large-scale engineering project in Sichuan and Chongqing is promoted by the western development, and the market demand for the construction machinery sector is expected to rebound.
The total investment is about 67.3 billion yuan, bundling bids for the projects of Jin Kou River to Xichang, and Zhaojue to Puge expressways.
Investors One-year Losses Continue as Sany Heavy Equipment International Holdings (HKG:631) Dips a Further 16% This Week, Earnings Continue to Decline
Demand for earthmoving machinery rises, domestic sales of excavators in September increase by more than 20%, will infrastructure recovery be boosted by debt restructuring? | Industry News
① In September, domestic excavator sales increased by nearly 20% year-on-year, marking the sixth consecutive month of double-digit positive growth in domestic sales. ② With the gradual implementation of equipment renewal subsidies and the accelerated construction of major domestic infrastructure projects, the industry is expected to gradually emerge from the downturn.
HK stocks fluctuate | Construction machinery stocks continue to fall, policy transmission to downstream demand still takes time, institutions expect subsequent stock prices to be more volatile.
Construction machinery stocks continued to fall, as of the deadline, zoomlion (01157) fell by 8.51%, closing at HK$4.84; sany int'l (00631) fell by 5.62%, closing at HK$5.40; sinotruk (03808) fell by 5.07%, closing at HK$22.45; morimatsu intl (02155) fell by 4.39%, closing at HK$5.23.
Trending Industry Today: ZOOMLION Leads Losses In Heavy Equipment Stocks
Trending Industry Today: ZOOMLION Leads Gains In Heavy Equipment Stocks
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