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Citic Sec: Equipment update policy is implemented, equipment investment in related fields is expected to accelerate.
For equipment updates and the scrapping and updating of old operational ships, the National Development and Reform Commission will take the lead in arranging approximately 148 billion yuan of ultra-long-term special national bonds to implement support policies for large-scale equipment updates.
Not Many Are Piling Into Lonking Holdings Limited (HKG:3339) Just Yet
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.
Zhitong Hong Kong Stock Early Access | In the first half of the year, the national total social electricity consumption was 4.66 trillion kilowatt-hours, a year-on-year increase of 8.1%. The three major U.S. stock indexes collectively plummeted.
In the first half of the year, the national total social electricity consumption reached 4.66 trillion kWh, a year-on-year increase of 8.1%.
Lonking Holdings Expects Higher Profit in H1 2024
Lonking Holdings Sees 1H Net CNY410M-Net CNY461M >3339.HK
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