Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> Jefferies Upgrades ZOOMLION (01157.HK) to Buy; Initiates Coverage on SANY HEAVY IND (06031.HK) with Buy, TP HKD24
Recommend 20 Positive 23 Negative 21 |
||||
|
||||
|
Jefferies issued a report stating that Mainland China's construction machinery sales recorded significant growth in April this year, driven by replacement demand and electrification needs. In the first four months of 2026, exports have already exceeded the full-year level of 2025, with strong performance in Africa, Oceania and Latin America, while the EU and US markets also showed improvement. The US-Iran conflict only caused minor logistics disruptions. On valuation grounds, the broker upgraded ZOOMLION (01157.HK) H shares and ZOOMLION (000157.SZ) A shares to Buy. The TP for ZOOMLION (01157.HK) H shares was raised from HKD6.3 to HKD10.9. It maintained the Buy rating on SANY HEAVY INDUS (600031.SH) A shares and initiated coverage on SANY HEAVY IND (06031.HK) H shares with a Buy rating and a TP of HKD24. Meanwhile, XUGONG CONS (000425.SZ) was downgraded to Hold due to weak earnings. Jefferies reiterated its positive view on the sector. It lowered earnings forecasts for SANY HEAVY INDUS and XUGONG CONS for this year and next to reflect weak results last year and in 1Q this year, but raised forecasts for ZOOMLION to reflect strong revenue performance last year. (da/a) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
