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Zoomlion (000157.SZ): Breaking through the USA and EU regions, overseas sales are in short supply.
Gelonghui October 12th | Zoomlion (000157.SZ) stated at an investor relations event that in terms of zoomlion high-end machinery, it maintains a competitive advantage in the high-value and high-technology fields of electric products, boom products, and ultra-high meter segment products due to its leading research and csi leading technology index. Within a few years of its establishment, the company's sales scale has rapidly ranked among the top two national brands. The company is currently focusing on overseas markets, designing products for the global market, and continuously advancing overseas product customization and range expansion. Breaking through the USA and the European Union regions, overseas sales are in short supply; new product categories such as forklifts and masts have achieved mass listing of mainstream range products.
Zoomlion Shareholders Approve Strategic Termination
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
Daiwa: Maintains zoomlion 'In line with the market' rating with a target price of 5 Hong Kong dollars.
Morgan Stanley released a research report stating that the target price of Zoomlion (01157) has been raised from 3.9 Hong Kong dollars to 5 Hong Kong dollars, maintaining a 'synchronous with the broader market' rating. The report mentioned that the third-quarter sales of most mainland construction machinery companies met expectations, coupled with steady overseas profit growth and local losses narrowing, resulting in some improvements. However, caution is still maintained on mainland cyclical trends and ongoing destocking overseas in the fourth quarter, with differences in the operational aspects of individual companies. The bank stated a preference for jiangsu hengli hydraulic (601100.SH) and Zhejiang Dingli Machinery (603338.SH), with target prices of 63 RMB and 5 respectively.
Bank of America Securities: Reaffirming a 'buy' rating on Zoomlion, with the target price raised to 6.45 Hong Kong dollars
Bank of America Securities released a research report stating that it has increased its revenue forecast for Zoomlion (01157) by 1%, 2%, and 2% for the years 2024 to 2026, and its net income forecast by 3%, 3%, and 7%. The target price has been raised from 5.4 Hong Kong dollars to 6.45 Hong Kong dollars, reaffirming a 'buy' rating. The company is steadily expanding into overseas markets, and it is expected that the recent loosening of real estate policies will help boost sales of construction machinery related to real estate. The bank expects that mainland construction machinery businesses will benefit from the recent loosening of domestic crediting and real estate policies, while improved liquidity of end customers and macroeconomic improvements will also improve the operating capital status of leading enterprises.
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