Hong Kong stock market closed on June 7th, with the Hang Seng Index falling 0.59%. Network technology and photovoltaic stocks declined, while Yisou Technology (02550) surged 91%.
Zhìtōng Finance APP learned that the market is focusing on the US non-farm payroll data for May to be released tonight. The three major indexes of the Hong Kong stock market opened high and drifted lower today, and the decline further expanded in the afternoon. The Hang Seng Tech Index fell more than 2% at one point and once again lost the 3800 level. At the close, the Hang Seng Index fell 0.59% or 109.85 points to 18366.95 points, with a total daily turnover of HKD 133.112 billion; the Hang Seng China Enterprises Index fell 0.68% to 6510.37 points; the Hang Seng Tech Index fell 1.78% to 3772.47 points. Looking at the whole week, the Hang Seng Index rose 1.59%, the China Enterprises Index rose 1.84%, and the Hang Seng Tech Index rose.
HK stocks rise: Lonking (03339) up over 4%, leading heavy equipment stocks. May excavator sales exceed expectations, and domestic sales in the industry continue to recover.
Heavy equipment stocks are on the rise. As of the time of publication, Lonking (03339) rose 4.43% to HKD 1.65; Sany Int'l (00631) rose 1.9% to HKD 5.35; Zoomlion (01157) rose 0.35% to HKD 5.8.
Hong Kong stock concept tracking | May sales of excavators exceed market expectations, institutions bullish on the growth rate of the construction machinery industry rebounding (with concept stocks).
Excavator sales in May exceeded expectations, and the market is accelerating its recovery.
Heavy equipment stocks rise together, Lonking (03339) up 4.61%. Institutions expect that the favorable real estate policies will promote the improvement of domestic demand for construction machinery.
Jingu Financial News| The heavy equipment stock collectively rose, Lonking (03339) rose 4.61%, First Tractor Stock (00038) rose 4.32%, Sinotruk (03808) rose 3.06%, Zoomlion (01157) rose 3.02%. Zhejiang Securities stated that, according to CME's estimate, excavator sales in May 2024 will be about 16,200 units, an increase of about 5% year-on-year, and the market is gradually recovering. The estimated domestic market sales volume is about 7,700 units, an increase of nearly 19% year-on-year, while the estimated export market sales volume is about 8,500 units, a decrease of nearly 17% year-on-year. It is expected that the domestic excavator sales volume in May will
HK stocks anomaly | Lonking (03339) rose nearly 7%, leading the construction machinery stocks. The domestic construction machinery market is stabilizing and overseas market is the focus.
According to Zhitong Finance APP, shares of construction machinery rose in the afternoon, as of press time, Lonking (03339) rose by 6.67% to HKD1.6; Sany International (02155) rose by 5.65% to HKD6.17; Zoomlion (01157) rose by 2.43% to HKD5.89; Sinotruk (03808) rose by 1.41% to HKD18.74. On April 28, Shanghai released a draft for soliciting opinions on subsidies for the renewal of 'National II' non-road mobile machinery. The maximum subsidy for excavators is 360,000 yuan. Soochow Securities pointed out that considering the timeliness of the policy, 2023 is used as the reference year for the performance forecast of construction machinery.
Despite Recent Sales, Lonking Holdings Limited (HKG:3339) Insiders Own 56% Shares but Recent Downturn May Have Set Them Back
Key Insights Lonking Holdings' significant insider ownership suggests inherent interests in company's expansion The largest shareholder of the company is Ngan Ying Ngai with a 56% stake Insiders
China Dragon Gong (03339): A final dividend of HK$0.08 per share will be distributed to the company's shareholders on or before July 31
China Dragon Gong (03339) announced that the final dividend of HK$0.08 per share has been approved at the Annual General Meeting of Shareholders and...
中國龍工:於二零二四年五月二十八日舉行的 股東週年大會投票結果 分派末期股息
CICC: What determines the domestic demand cycle for excavators?
It is expected that adjustments in real estate policies may drive real estate starts to bottom up, which in turn will gradually drive domestic demand for excavators to bottom up.
Hong Kong Stock Concept Tracking | Domestic sales of excavators accelerated in April, and the construction machinery sector attracted attention (with concept stocks)
Domestic sales in April were 10,782 units, up 13.34% year on year. Domestic sales growth rate expanded, exceeding CME's previous expectations
Orient Securities: Domestic sales of excavators accelerated in April, construction started and improved month-on-month
Domestic sales of excavators have been growing for two consecutive months, which is expected to boost confidence in the industry's development to a certain extent. The growth rate of export sales fluctuates downward or is affected by a high base over the same period and demand differentiation in overseas markets.
Changes in Hong Kong stocks | China Longgong (03339) rose more than 9%, domestic excavator sales surpassed expectations in April, and industry data is expected to continue to pick up
China Dragon Gong (03339) rose more than 9%. As of press release, it rose 9.03% to HK$1.69, with a turnover of HK$22.245,800.
Changes in Hong Kong stocks | Construction machinery stocks had the highest rise, domestic demand marginal expectations improved, and companies continued to push for product exports
The Zhitong Finance App learned that construction machinery stocks had the highest gains. As of press release, Zhonglian Heavy Industries (01157) rose 4.53% to HK$6.23; Yituo shares (00038) rose 3.39% to HK$9.14; Sany International (00631) rose 3.1% to HK$6.66; and China Longgong (03339) rose 2.05% to HK$1.49. According to the news, CME estimates that the total sales volume of excavators in April was about 18,500 units, down about 1.5% from the previous year, and the decline improved from month to month. Among them, domestic sales were 0.95 million units, which was basically the same as the previous year; export sales were 90,000 units.
中國龍工:年報 2023
Changes in Hong Kong stocks | China Longgong (03339) rose more than 4%, leading the way for heavy machinery stocks, domestic sales of heavy machinery stocks in March slightly exceeded CME expectations, driving or releasing demand for renewal
The Zhitong Finance App learned that heavy machinery stocks are generally rising. As of press release, China Dragon Gong (03339) rose 4.08% to HK$1.53; Sany International (00631) rose 3.53% to HK$5.28; and Morimatsu International (02155) rose 2.15% to HK$4.27. According to the news, according to statistics from the China Construction Machinery Industry Association on major excavator manufacturers, 24,980 excavators of various types were sold in March, down 2.34% year on year. Among them, 15,188 units in China were sold, up 9.27% year on year, higher than the 6% growth rate previously expected by CME. According to Haitong International, it was excavated in March
After the six construction machinery companies made a combined annual profit of 16.34 billion yuan...
Overseas business wins and losses.
Changes in Hong Kong stocks | China Longgong (03339) is now up nearly 5%, and industry demand is expected to marginally repair the company's overseas revenue share of nearly 30%
The Zhitong Finance App learned that China Dragon Gong (03339) is now up nearly 5%. As of press release, it has risen 4.93% to HK$1.49, with a turnover of HK$21.5313 million. Everbright Securities released a research report saying that currently the construction machinery industry is still bottoming out. Considering that the effects of macroeconomic policies are lagging behind, construction machinery is currently at the bottom of demand. In the future, with the underpinning effect of the policy, equipment utilization is expected to pick up, demand in the construction machinery industry is expected to be marginally repaired, and the company is expected to benefit deeply as a leading domestic construction machinery company. The bank pointed out that due to insufficient supply of production capacity in overseas markets
Hong Kong Stock Concept Tracking | Equipment Renewal Policy Promotes Construction Machinery Sector Receives Capital Inflow (with concept stocks)
Recently, seven departments of the General Administration of Market Regulation, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing, Urban-Rural Development, the Ministry of Commerce, and the Ministry of Emergency Management jointly issued the “Action Plan for Upgrading Traction Equipment and Consumer Goods Trade-in with Standards” to make specific arrangements for implementing the spirit of the fourth meeting of the Central Committee on Finance and Economics and the “Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods Trade-in”. Propose actions to raise standards, adhere to standard leadership and orderly upgrading, strengthen standard comparison, optimize system construction, and speed up the formulation and revision of standards in the fields of energy saving, carbon reduction, environmental protection, safety, and recycling by 2025
China Construction Machinery Industry Association: Sales of 24,980 excavators of various types fell 2.34% year on year in March 2024
March 2024 Construction Machinery Industry Major Product Sales Report
China Dragon Gong (03339) will pay a final 2023 dividend of HK8 cents per share on July 31
China Dragon Gong (03339) announced that it will pay a final 2023 dividend of 8 Hong Kong per share on July 31, 2024...
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