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[Brokerage Focus] CMB International: Subsidies for National III trucks and agricultural machinery increase, expected replacement cycle to accelerate in the second half of the year.
Jingu News | Zhongyin International stated that the National Development and Reform Commission and the Ministry of Finance issued a notice yesterday (July 25th) on increasing support measures for consumer goods and equipment updates and old-for-new replacements ("Several Measures to Support Large-Scale Equipment Updates and Old-for-New Replacements"). The notice proposes to coordinate about 300 billion yuan of ultra-long-term special national bond funds to support equipment updates and old-for-new replacements. The scope of equipment updates includes industry, environmental infrastructure, transportation equipment, logistics, education, culture and tourism, and medical care, and extends to energy and electrical utilities, and old elevators. It specifically mentions increasing subsidies for national third-class trucks and agricultural machinery.
HK stocks surge | Construction machinery stocks rise collectively as large-scale equipment upgrades continue to be pushed forward. The expected excavator exports in July are turning positive for the first time.
Construction machinery stocks rose collectively in early trading. As of press time, Sinotruk (03808) rose by 11.44%, to HKD 19.68; Sany Int'l (00631) rose by 6.5%, to HKD 4.59; First Tractor (00038) rose by 6.49%, to HKD 6.73.
Hong Kong stock concept tracking | Equipment update again welcomed catalyst! These sub-sectors are expected to increase their performance growth (with concept stocks).
The National Development and Reform Commission and the Ministry of Finance have issued a notice on measures to support large-scale equipment renewal and consumer goods trade-ins.
Zoomlion (000157.SZ): As of July 19th, the total number of shareholders of the company is 2.272 million households.
On July 25th, Gelonhui reported that as of July 19th, 2024, there were a total of 227,232 shareholders of Zoomlion (000157.SZ) on the investor interaction platform.
Soochow Securities: The construction machinery industry's beta bottom is marginal and is expected to usher in resonance between domestic and foreign sales.
Soochow Securities released research reports indicating that the bottom margin of the construction machinery industry's beta is moving up, and is expected to welcome resonance between domestic and foreign markets. In the long run, electrification is expected to become the breakthrough for the global construction machinery industry, and the increasing penetration rate of electrification is bullish for the broad market space.
Zoomlion Accélère Son Expansion En Thaïlande Avec L'ouverture De Son Huitième Centre De Service, Améliorant Ainsi Les Services Locaux Et La Satisfaction Des Clients
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