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Sany Int'l (0631.HK): Traditional business sector is slightly under pressure, looking forward to the new business maturing and gaining volume.
In the third quarter of 2024, the company's traditional businesses all faced varying degrees of pressure. The mining machinery sector experienced a decrease in domestic coal machinery revenue due to the decline in the domestic coal machine industry's prosperity, while the logistics equipment saw an increase due to delivery issues with the products.
[Brokerage Focus] Zheshang Securities maintains a 'buy' rating on Sany Int'l (00631), although the profit capability in Q3 has declined.
Jingu Finance News | Zheshang Securities issued a research report, stating that sany int'l (00631) released the third quarter report of 2024, with a 21.6% decrease in net income attributable to the parent company for the first three quarters. This is mainly due to the decline in net income of the mining equipment sector. The institution pointed out that the profitabil
Sany Int'l (00631): Third quarter performance under short-term pressure, with sufficient potential for diversification and global growth.
Investment Highlights: The company released the third quarter report for 2024. The net income attributable to the parent company decreased by 21.6% in the first three quarters of 2024. 1) Performance in the first three quarters of 2024: The company achieved revenue of 15.91 billion yuan in the first three quarters of 2024.
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 digitization, with continuously bullish policies being issued. Industries are accumulating momentum, and the demand for data asset management, authorized operation, and other related system construction will increase.
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.
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