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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
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