CMB International Reaffirms "Buy" Rating for SANY INT'L, Raises Target Price to HK$20.6
Stock News
Feb 20
A research report indicates that SANY INT'L's (00631) mining truck business is expected to continue making progress. The contribution of this business to total revenue is projected to remain at 15% to 16% between 2026 and 2027. However, higher-value, large mining trucks with superior profit margins are anticipated to sustain stronger growth. Furthermore, the large port machinery business is viewed as having highly certain revenue growth and margin improvement, supported by an order backlog exceeding 12 months. Profit forecasts for 2026 and 2027 have been raised by 3% and 9%, respectively. The target price has been increased from HK$8.9 to HK$20.6, with a "Buy" rating maintained.
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.