The plan for the listing of zoomlion heavy machinery has fallen through. Zoomlion stated that it will not affect the company's existing business.
①Zoomlion plans to terminate the reorganization and listing of its subsidiary Zoomliongaoji with Shenzhen Roadrover Technology. ②Zoomlion stated that the termination of the reorganization project will not affect the production and operation activities of Shenzhen Roadrover Technology and Zoomliongaoji.
Hong Kong stock opportunities tracking | Great Wall Motor's mid-term profit increased by over 400% year-on-year; Alibaba spent nearly $80 million to repurchase shares.
Semiconductor Manufacturing International Corporation: The revenue for the first half of the year is approximately $3.6515 billion, a year-on-year increase of 20.8%. CM Bank's revenue for the first half of the year is 172.922 billion yuan, a year-on-year decrease of 3.11%. The renminbi has continued to rise, wiping out all the decline this year.
Hong Kong Stock Market Outlook | In Q2, after adjustment, Kuaishou's net profit increased by 73.7% to 4.679 billion yuan; Xpeng's Q2 revenue was 8.11 billion yuan, a year-on-year increase of 60.2%.
The EU's anti-subsidy investigation into Chinese electric autos concludes, and the Ministry of Commerce responds; "Black Myth: Wukong" is a hit, with expected sales of 5 million to 7 million sets across all platforms; Walmart plans to sell its jd.com shares worth $3.74 billion.
In July, the domestic sales of excavators maintained a double-digit growth. The update of equipment in the second half of the year may speed up the industry's recovery.
①From June to September, the sales of the industry usually enter the traditional slow season, but this year the July season is not slow, and the excavator demand remains strong. ②The overseas market is still the main engine of growth for the second half of this year and even next year. The domestic market is expected to accelerate its recovery in the second half of the year thanks to the recovery of project start-up rates and the accelerated renewal of equipment.
Pay attention to the wind direction! The construction machinery industry's major players are predicting increased performance for overseas markets, and there is hope for a rebound in domestic demand from the bottom of the cycle.
In the first half of this year, the construction machinery industry has shown differentiation, with plenty of 'big players' in the industry going abroad, while the manufacturers focusing on equipment leasing market are not so optimistic. The main reason for the increase in H1 performance and net profit of companies is: firstly, the increase in overseas income; secondly, the improvement of product gross margin brought by cost reduction and efficiency improvement. With the continuous promotion of large-scale equipment updates, the domestic demand is expected to gradually emerge from the bottom of the cycle.
Major Hang Seng Index constituent stocks will face changes! Institutions: Alibaba may become the focus.
Which stocks are expected to be included this time? Citic Securities pointed out that we need to pay attention to the timing of the adjustment of the Hong Kong Stock Connect.