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Mexico Construction Equipment Market Assessment & Forecast 2024-2029 Featuring Key Vendors - Caterpillar, Komatsu, Liebherr, XXCMG, Volvo, Hitachi, Zoomlion, JCB, SANY, Hyundai - ResearchAndMarkets.com
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.
[Brokerage Focus] CMB International: Subsidies for National III trucks and agricultural machinery increase, expected replacement cycle to accelerate in the second half of the year.
Jingu News | Zhongyin International stated that the National Development and Reform Commission and the Ministry of Finance issued a notice yesterday (July 25th) on increasing support measures for consumer goods and equipment updates and old-for-new replacements ("Several Measures to Support Large-Scale Equipment Updates and Old-for-New Replacements"). The notice proposes to coordinate about 300 billion yuan of ultra-long-term special national bond funds to support equipment updates and old-for-new replacements. The scope of equipment updates includes industry, environmental infrastructure, transportation equipment, logistics, education, culture and tourism, and medical care, and extends to energy and electrical utilities, and old elevators. It specifically mentions increasing subsidies for national third-class trucks and agricultural machinery.
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.
Hong Kong stock concept tracking | Equipment update again welcomed catalyst! These sub-sectors are expected to increase their performance growth (with concept stocks).
The National Development and Reform Commission and the Ministry of Finance have issued a notice on measures to support large-scale equipment renewal and consumer goods trade-ins.
Zoomlion (000157.SZ): As of July 19th, the total number of shareholders of the company is 2.272 million households.
On July 25th, Gelonhui reported that as of July 19th, 2024, there were a total of 227,232 shareholders of Zoomlion (000157.SZ) on the investor interaction platform.
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