share_log

港股异动 | 中联重科(01157)涨超4% 12月挖机内销符合CME预期 国内市场处于周期上行通道

Hong Kong stocks moving | ZOOMLION (01157) rises over 4%. December excavator domestic sales meet CME expectations, and the domestic market is in a cyclical uptrend.

Zhitong Finance ·  Jan 14 10:49

ZOOMLION (01157) rose over 4%, as of the time of writing, it increased by 3.94%, priced at 5.54 Hong Kong dollars, with a transaction volume of 25.1154 million Hong Kong dollars.

According to Zhitong Finance APP, ZOOMLION (01157) rose more than 4%, and as of the time of writing, it has increased by 3.94%, priced at 5.54 HKD, with a transaction volume of 25.1154 million HKD.

Soochow Securities released a Research Report indicating that in December 2024, sales of various types of excavators are expected to reach 19,369 units, a year-on-year increase of 16%. Of these, domestic sales are 9,312 units, a year-on-year increase of 22.1%; export volume is 10,057 units, a year-on-year increase of 10.8%. Domestic sales align with previous CME expectations, while exports exceed expectations. In terms of the domestic market, the sustained growth exceeding expectations is mainly benefiting from the Water Conservancy projects and the high prosperity of the mining sector, leading to good demand for small and large excavators; exports benefit from inventory destocking and a significant recovery in demand in some regions (with the Indonesian market as a typical example). As of October 2024, the cumulative year-on-year growth rate of China's exports of Construction Machinery to Indonesia has already turned positive, compared to a cumulative year-on-year decline of 19% in the first half of the year, with significant recovery in demand from Indonesia since Q3.

The bank further stated that looking ahead to 2025, the domestic market is in an upward cycle, and excavator sales are expected to maintain about 10% growth; regarding the export market, the impact of elections in various regions will basically be eliminated in 2025, coupled with a moderate economic recovery in major areas, the decline in excavator sales is expected to narrow significantly. Based on the continued recovery in the Construction Machinery industry in 2025, it is predicted that the revenue growth rate of core manufacturers will be around 15%, with profit growth expected to be around 20%, corresponding to the current valuation being relatively low, making it a high cost-effective allocation for stable assets. Key recommendations include ZOOMLION and other symbols.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment