On June 11, Sany Heavy Industry fell 3.16% in regular trading, trading at 20.36 HKD/share, with trading volume of 4.72 million HKD.

The construction machinery and heavy trucks sector continued its correction that began on June 10, with industry stocks broadly declining. Among sector peers, Sinotruk fell 3.13%, Weichai Power fell 2.25%, Sany International fell 1.61%, Times Electric fell 0.5%, while CRRC gained 0.56%. The previous session saw sharper declines, with Weichai Power dropping 6.52% and Sinotruk falling 5.94%.

The pullback follows a rally driven by Jefferies initiating coverage on Sany Heavy Industry H-shares with a Buy rating and a target price of 24 HKD, alongside the company's announcement of a 2%-5% price increase on wheeled and crawler cranes effective July 1. Despite the recent retreat, the current share price still implies approximately 18% upside to the Jefferies target. The sector had previously benefited from accelerating equipment replacement cycles, robust export growth, and industry-wide pricing discipline improvements.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)