Zoomlion Heavy Industry Shares Rise Over 3% in Morning Trading as Jefferies Lifts Price Target to HK$10.90

Deep News06-04

Shares of Zoomlion Heavy Industry Science And Technology Co.,Ltd. (ASX: 01157) climbed more than 3% during the morning session.

At the time of writing, the stock was up 2.77%, trading at HK$7.82 with a turnover of HK$20.93 million.

A research report from Jefferies highlighted that sales of construction machinery in Mainland China saw significant growth in April this year, driven by replacement demand and the shift towards electrification.

Exports in the first four months of 2026 have already surpassed the total for the full year of 2025, with strong performance in the African, Oceanian, and Latin American markets.

Improvements were also noted in the European Union and United States markets, with the conflict between the US and Iran causing only minor logistics disruptions.

Based on valuation considerations, the firm upgraded its rating for both the H-shares of Zoomlion Heavy Industry Science And Technology Co.,Ltd. (ASX: 01157) and the A-shares of Zoomlion Heavy Industry Science And Technology Co.,Ltd. (ASX: 000157) to "buy".

The price target for the H-shares was raised from HK$6.30 to HK$10.90.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment