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<Research> M Stanley Raises ZOOMLION (01157.HK) TP to HKD9.8, Maintains Overweight
Recommend 16 Positive 14 Negative 7 |
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M Stanley published a research report stating that ZOOMLION (01157.HK) is set to become a key beneficiary of the global upcycle in construction machinery, particularly in the later stage of the cycle when demand for non-excavator machinery is expected to increase further. A higher contribution from overseas markets, the near completion of its overseas sales network and improved capacity utilization are expected to support continued expansion in operating profit margins. The broker expects the domestic construction machinery market to extend its upcycle from 2026 to 2028. ZOOMLIONs higher exposure to non-excavator machinery will enable it to benefit from this trend. In overseas markets, as sales channels and capacity layout are largely in place, overseas sales are projected to record moderate growth between 2026 and 2028. M Stanley raised its TP for ZOOMLION from HKD9.1 to HKD9.8 and maintained an Overweight rating. (ec/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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