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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.
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.
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.
LONKING: INTERIM REPORT 2024
Hong Kong stock concept tracking | Institutions value the export opportunities of construction machinery as North American capacity is gradually released (with concept stocks)
The North American market has strong demand, and domestic host manufacturers are expected to achieve breakthroughs in the field of micro excavators first.
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