The shares of Zoomlion Heavy Industry Science And Technology Co.,Ltd. (ASX: 01157) have risen by more than 3%, trading at HK$7.82 with a turnover of approximately HK$20.93 million as of the latest update.
According to a recent report, China's domestic sales of construction machinery saw significant growth in April, driven by demand for equipment renewal and electrification. Notably, exports in the first four months of 2026 have already surpassed the total for the entire year of 2025. Markets in Africa, Oceania, and Latin America have demonstrated robust performance, while conditions in the EU and US markets have shown improvement, with only minor logistics disruptions reported due to the US-Iran conflict.
Taking valuation into account, the research firm has upgraded its rating on both the H-shares and A-shares of Zoomlion to "Buy." The target price for the H-shares has been raised from HK$6.3 to HK$10.9.
A separate analysis notes that Zoomlion's revenue for the first quarter of 2026 increased by 6.89% year-on-year. International revenue saw a more substantial rise of 12.52%, now accounting for 57% of total revenue, an increase of 2.85 percentage points. Regionally, Europe and South America are expected to be high-growth areas, indicating a more balanced and widespread international market presence for the company, with steady expansion into potential markets.
Domestic revenue for the quarter grew by 0.23%, showing a continued, gradual recovery. Key product lines such as engineering cranes, concrete machinery, earthmoving machinery, and mining machinery are believed to be the primary drivers of this growth.
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