On July 20, Sany Heavy Industry (06031.HK) rose 6.67% in regular trading, trading at HK$19.54/share, with turnover of HK$49.36 million.

On the news front, CMB International noted that June crane exports recorded strong growth, with aerial work platforms surging 38% year-over-year, marking the third consecutive month of positive growth. The overall construction machinery sector maintained robust momentum. Additionally, Sany Heavy Industry and XCMG raised crane product prices by 2% to 5% effective July 1, signaling an industry shift away from destructive price competition. Brokerages highlighted that the competitive landscape is accelerating its transition from price wars toward profit recovery, with foreign exchange headwinds expected to ease marginally in Q3.

The stock had declined to near its 52-week low following the ex-dividend event on July 17, when the broader construction machinery sector weakened collectively. The current rally appears to be a technical oversold rebound. Jefferies previously initiated coverage with a Buy rating and a target price of HK$24. In Q1, the company reported revenue of RMB 24.04 billion, up 14.22% year-over-year, with net profit of RMB 2.48 billion.

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