First Tractor Company Limited (00038) saw its shares rise more than 6% before the midday break. As of the time of writing, the stock was up 5.57%, trading at HKD 9.85, with a turnover of HKD 51.9447 million. The positive movement follows stronger-than-expected first-quarter results from global agricultural machinery leader John Deere for 2026. The company also raised its full-year profit guidance, increasing the range from USD 4.0–4.75 billion to USD 4.5–5.0 billion. A research report from Guojin Securities noted that the recovery in the global small and medium-sized agricultural machinery market remains robust. This is primarily due to a significant rebound in the livestock, forestry, and fruit industries against a backdrop of rising global commodity prices and stabilizing agricultural product prices. The report expressed optimism about Chinese agricultural machinery exports and an upcoming cyclical rebound in machinery related to staple crops, recommending First Tractor Company Limited. Goldman Sachs stated that, as a leading enterprise in both traditional and smart tractor markets, First Tractor is a key beneficiary of the turning point in the tractor industry cycle. The company's historical stock performance has moved in sync with the tractor cycle. The firm pointed out that under the trend toward larger and more advanced agricultural machinery equipment in China, First Tractor's profitability holds significant upside potential and is gradually being realized. Goldman Sachs reiterated its "Buy" rating on the stock.