China Dragon Gong (03339) rose nearly 4% in the intraday period. As of press release, it was up 3.05% to HK$1.35, with a turnover of HK$1.679 million.
The Zhitong Finance App learned that China Dragon Gong (03339) rose nearly 4% in the intraday period. As of press release, it had risen 3.05% to HK$1.35, with a turnover of HK$1.679 million.
According to the news, data released by the China Construction Machinery Industry Association shows that according to statistics on major excavator manufacturers, 12,376 excavators of various types were sold in January 2024, an increase of 18.5% over the previous year. It is worth noting that excavator sales stopped falling and stabilized in January this year. This is the first time since December 2022 that total sales in a single month have achieved a positive year-on-year increase.
Guolian Securities said that downstream demand in the construction machinery industry is expected to pick up further, and it is optimistic about leading companies that will accelerate the layout of overseas markets. Every year, March-May is the traditional peak sales season for the construction machinery industry. Under the steady growth policy, demand is expected to pick up further in 2024.