The Zhitong Finance App learned that heavy machinery stocks generally fell today. As of press release, Morimatsu International (02155) fell 6.33% to HK$6.96; Sinotruk (03808) fell 2.85% to HK$11.6; Zhonglian Heavy Industries (01157) fell 1.57% to HK$3.77; and Sany International (00631) fell 0.57% to HK$10.52.

According to the news, through grassroots research and market research, CME estimates that sales of excavators (including exports) will be around 15,500 units in May 2023, down about 25% from the previous year, and the decline increased slightly from month to month. According to the Daimo Research Report, demand for mainland construction machinery stocks was still weak in the mainland market in the first half of the year. Channel inventory removal and construction activity slowed down, mainly due to real estate construction. Although infrastructure funding is gradually improving, it is still tight. The bank expects that the weak demand situation may continue until the second half of this year, but the year-on-year decline may narrow somewhat.