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Guotai Junan: Excavator growth of 18.5% in March, with significant improvements in working hours and utilization rate.
Overall, in 2025, the Construction Machinery Industry faces both opportunities and challenges, with opportunities outweighing risks.
Hong Kong stock Concept tracking | Overall risks are controllable with a smaller exposure to the U.S., Construction Machinery companies are expected to welcome a new round of replacement cycle (including Concept stocks).
The growth in excavator sales has directly led to domestic excavator manufacturing companies operating at full capacity.
Hong Kong stocks movement | Construction Machinery stocks collectively fell as Institutions stated that the difficulty in bearing direct export costs is high and the overall risk is controllable with a smaller exposure to the US.
Construction Machinery stocks collectively declined. As of the time of writing, MORIMATSU INTL (02155) fell by 21.96% to 4.62 HKD; ZOOMLION (01157) fell by 13.79% to 5 HKD; SANY INT'L (00631) fell by 11.72% to 4.67 HKD; SINOTRUK (03808) fell by 9.36% to 18.4 HKD.
Hong Kong Stock Concept Tracking | In January and February, excavator exports surged year-on-year, Institutions are Bullish on the domestic Construction Machinery exceeding expectations recovery (including Concept stocks).
CME predicts that domestic excavator sales will increase by 22% year-on-year in March.
M&L HOLDINGS: ANNOUNCEMENT OF THE ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
Brokerage morning meeting highlights: The effect of the real estate market stabilizing after the decline may gradually become apparent, and the Industry valuation may rise.
At today's Brokerage morning meeting, HTSC proposed that the enhancement of Technology attributes may elevate the valuation levels of symbols related to the gaming Industry; Soochow believes that the short-term adjustment in the Construction Machinery Sector does not change the positive trend for the entire year; Galaxy Securities stated that the effects of the real estate market stabilizing may gradually become apparent, and the Industry valuation may rise.