Sany Heavy Industry May Gain From Start of China's Excavator-Replacement Cycle -- Market Talk

Dow Jones07-03

0210 GMT - Sany Heavy Industry could benefit from the start of China's excavator-replacement cycle, Daiwa Capital Markets analysts say in a research report as they upgrade the stock to hold from underperform and raise the target price to CNY15.90 from CNY15.00. China's excavator unit sales have continued to beat market expectations since April, the brokerage says. It changes its conservative view and now expects the recovery of excavator sales volume to be cyclical and sustainable. Also, the Chinese heavy-equipment manufacturer described a positive export trend, which is in line with Daiwa's export trackers, the analysts say, citing Sany's management comments at a recent nondeal roadshow. Shares are 0.4% lower at CNY15.63. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 02, 2024 22:10 ET (02:10 GMT)

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2448434501?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-03 10:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2448434501","market":"other","top_or_hot":-1,"title":"Sany Heavy Industry May Gain From Start of China's Excavator-Replacement Cycle -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0210 GMT - Sany Heavy Industry could benefit from the start of China's excavator-replacement cycle, Daiwa Capital Markets analysts say in a research report as they upgrade the stock to hold from underperform and raise the target price to CNY15.90 from CNY15.00. China's excavator unit sales have continued to beat market expectations since April, the brokerage says. It changes its conservative view and now expects the recovery of excavator sales volume to be cyclical and sustainable. Also, the Chinese heavy-equipment manufacturer described a positive export trend, which is in line with Daiwa's export trackers, the analysts say, citing Sany's management comments at a recent nondeal roadshow. Shares are 0.4% lower at CNY15.63. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 02, 2024 22:10 ET (02:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sany Heavy Industry May Gain From Start of China's Excavator-Replacement Cycle -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSany Heavy Industry May Gain From Start of China's Excavator-Replacement Cycle -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-03 10:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0210 GMT - Sany Heavy Industry could benefit from the start of China's excavator-replacement cycle, Daiwa Capital Markets analysts say in a research report as they upgrade the stock to hold from ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0183","symbol_name":"MSCI概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2448434501","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2448434501","pubTimestamp":1719972600,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0210 GMT - Sany Heavy Industry could benefit from the start of China's excavator-replacement cycle, Daiwa Capital Markets analysts say in a research report as they upgrade the stock to hold from underperform and raise the target price to CNY15.90 from CNY15.00. China's excavator unit sales have continued to beat market expectations since April, the brokerage says. It changes its conservative view and now expects the recovery of excavator sales volume to be cyclical and sustainable. Also, the Chinese heavy-equipment manufacturer described a positive export trend, which is in line with Daiwa's export trackers, the analysts say, citing Sany's management comments at a recent nondeal roadshow. Shares are 0.4% lower at CNY15.63. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600031":"三一重工","BK0183":"MSCI概念","BK0201":"可转债","BK0005":"高端装备制造","BK0251":"专用设备","BK0196":"行业龙头","BK0188":"融资融券","BK0039":"民营银行","BK0037":"军民融合","BK0000":"一带一路","BK0028":"国家队"},"translate_title":"三一重工可能会从中国挖掘机更换周期的开始中受益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600031":0.9},"content_text":"0210 GMT - Sany Heavy Industry could benefit from the start of China's excavator-replacement cycle, Daiwa Capital Markets analysts say in a research report as they upgrade the stock to hold from underperform and raise the target price to CNY15.90 from CNY15.00. China's excavator unit sales have continued to beat market expectations since April, the brokerage says. It changes its conservative view and now expects the recovery of excavator sales volume to be cyclical and sustainable. Also, the Chinese heavy-equipment manufacturer described a positive export trend, which is in line with Daiwa's export trackers, the analysts say, citing Sany's management comments at a recent nondeal roadshow. Shares are 0.4% lower at CNY15.63. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2024 22:10 ET (02:10 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2448434501"}