Gelonghui, Feb. 20 | Daiwa released a research report stating that it reaffirmed the “buy” rating of Zoomlion Heavy Industries. The profit visibility was higher than expected, and the target price was lowered from HK$5.9 to HK$5.5. It believed that Zoomlion Heavy Industries would benefit from the recovery of the mainland's economy and was optimistic about its defensive strength. Yamato anticipates that Zoomlion Heavy Industries's digital direct sales system will drive a 55% year-on-year increase in exports. It also believes that this system will make the company competitive, as it is difficult for peers to replicate the system within 1 to 2 years. The bank cut 2024-25 earnings per share by 16-20% due to an increase in expected management expenses; however, it raised expected profit and revenue by 4-8% and 11-17%, respectively.