Oct 16, GeLongHui | CICC released a research report stating that it initiated coverage on Sany Int'l for the first time, giving it an 'outperform industry' rating and a target price of 5.7 Hong Kong dollars. The bank indicated that the earnings per share forecast for this year and next year are 0.63 yuan and 0.7 yuan, with a compound annual growth rate of 8%. The bank pointed out that the company's mainland coal machinery business is stable, while the overseas mining truck business will become a new growth driver. In terms of logistics equipment, the company's global market share in large port machinery is stable, and electrification will drive the growth of small port machinery business. In oil & gas equipment and xinxingchanye equipment, the company is cultivating long-term growth drivers. The bank also mentioned that the company has strong R&D capabilities, extensive sales channels, and high-quality after-sales service, which will help the company expand its growth potential.