The Zhitong Finance App learned that Weiliang Holdings (08612) has risen by more than 14%. As of press release, it has risen 14.83% to HK$0.24, with a turnover of HK$1.97 million. The company's stock price hit a phased high, surging 121% in 4 trading days.
According to the news, Weiliang Holdings recently announced its 2023 interim results, with revenue of about HK$106.638 million, a year-on-year decrease of 23.6%; net loss of HK$1,037,200, an increase of 21.73% over the previous year; and a loss of HK$1.16 per share.
The announcement stated that the decline in revenue was mainly due to a decrease in machine leasing revenue from its own leasing fleet.
Zheshang Securities pointed out that construction machinery is currently an advantageous industry in China, and Chinese companies can rely on economies of scale, industrial chain advantages, and operational efficiency advantages to obtain a leading position in the world. Continue to focus on leaders with strong alpha attributes. Considering the valuation and performance release cycle, marginal improvement of flexibility, focus on recommending undervalued local state-owned enterprises.