HK Stock Market Move | MORIMATSU INTL (02155) has risen by over 7% recently and has been included in the list of stocks eligible for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. Institutions say that the industry's gross profit recovery has reached a relatively high level in recent years.

MORIMATSU INTL (02155) rose by over 7% again. As of the time of writing, it is up 6.84% at HK$5, with a turnover of HK$48.765 million. In terms of news, MORIMATSU INTL previously announced that according to the notices issued by the Shanghai Stock Exchange on September 9, 2024 regarding the adjustment of the Hang Seng Stock Connect and the Shenzhen Stock Exchange on September 9, 2024 regarding the adjustment of the list of securities for the Hong Kong stock Connect under the Shenzhen-Hong Kong Stock Connect, the company's shares have been included in the Hang Seng Stock Connect and the Shenzhen-Hong Kong Stock Connect lists, effective from September 10, 2024. Huachuang Securities released a research report stating that in the context of a low base, the export of excavators in August turned positive year-on-year for the first time. Expectations for improvement in the domestic excavator industry are emerging, and considering that the pullback of domestic excavators in this downturn cycle is larger, it is expected to rebound and stabilize in the future. Huaxi pointed out that the combined gross profit margin of twelve construction machinery companies in the first half of 2024 reached 25.4%, restoring to a relatively high level in recent years. On one hand, this is due to the companies actively expanding overseas, raising the overall gross profit margin, while also gradually improving their own manufacturing and operational efficiency.