CMB International Lowers SANY INT'L (00631) Target Price to HK$19.5, Keeps "Buy" Rating

Stock News04-02 17:34

CMB International issued a research report indicating that SANY INT'L (00631) reported a net profit after tax (including minority interests) of RMB 1.78 billion, which was within the previously announced profit range of RMB 1.6 billion to RMB 1.85 billion. After excluding one-off impairment losses, the adjusted net profit attributable to shareholders was RMB 1.85 billion, remaining flat compared to the same period last year. The firm continues to favor SANY INT'L's growth strategy, which is driven by ongoing business diversification. It maintained a "Buy" rating on the stock but lowered the target price from HK$20.6 to HK$19.5. During the earnings conference call, management highlighted large mining trucks, microgrids, and lithium batteries as key growth areas for the coming years. CMB International reduced its 2026 profit forecast by 6%, primarily due to a downward revision in the sales volume assumptions for roadheaders.

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